How the Private Rental Sector Helps Drive the UK Economy
In a recent collaborative effort, key players in the trade, lending, and advisory sectors have shed light on the profound impact of private renting on the UK economy. The report, authored by the National Residential Landlords Association (NRLA), Paragon Bank, and PwC business consultancy, underscores the crucial role small and medium-sized private landlords play in […]
Unlocking Empty Homes: A Call for Government Action
In a bid to address the pressing issue of housing shortage across the nation, Benham and Reeves Director, Marc von Grundherr, has urged the government to take decisive action regarding the significant number of empty homes. With changes to the empty homes tax looming, councils are poised to receive an additional £540 million, shedding light […]
8.3 Times the Average Income Required to Afford a Home
In the ever-evolving landscape of the UK housing market, finding the delicate equilibrium between affordability and aspiration has become an increasingly daunting task for prospective homeowners. Recent statistics released by the Office for National Statistics (ONS) shed light on the stark reality faced by many: the average house price across the nation stands at a […]
83% of Tenants Don’t Know What The Renters (Reform) Bill Contains
In the realm of private renting, where calls for stricter regulations on landlords echo loudly, there’s a significant piece of legislation making its way through Parliament: the Renters (Reform) Bill. Yet, despite its potential to reshape the rental market in profound ways, a surprising number of tenants remain unaware of its existence. The Renters (Reform) […]
NRLA Urges Caution for Landlords Opting for Limited Company Status
In recent years, a growing number of landlords have been drawn to the prospect of managing their property investments through limited companies, enticed by the promise of advantageous tax treatments. However, the National Residential Landlords Association (NRLA) is sounding a note of caution, emphasizing the importance of validating active management to qualify for these anticipated […]
Will The Renters (Reform) Bill End Local Landlord Licensing?
In recent discussions surrounding the government’s Renters (Reform) Bill, a significant proposal has emerged: the establishment of a property portal aimed at compelling landlords to register themselves and their properties, bolstering accountability within the rental sector. While this initiative seeks to enhance transparency and ensure higher standards of accommodation, it has sparked concerns regarding the […]
The Cost of Homeownership vs. Renting: New Insights from Halifax
In the dynamic landscape of the UK housing market, the decision between renting and buying is a crucial one, with financial implications that can significantly impact individuals and families. Recent data from Halifax, the country’s largest mortgage lender, sheds light on this dilemma, revealing intriguing insights into regional disparities and shifting trends. According to the […]
Leaseholds: Has Reform Been Abandoned?
In the world of property ownership, particularly in the UK, leasehold arrangements have long been a contentious issue. Recent discussions and policy shifts surrounding ground rents and leasehold reform have brought this topic to the forefront once again, sparking debates among politicians, industry professionals, and the public alike. One of the most talked-about proposals was […]
Understanding the Renters (Reform) Bill: Landlords in the Dark
As the Renters (Reform) Bill progresses through Parliament, it’s causing ripples of uncertainty throughout England’s private rented sector. This proposed legislation is poised to enact some of the most significant changes the sector has seen, including the termination of fixed-term tenancies and the elimination of Section 21 ‘no-fault’ evictions. However, despite its potential impact, a […]
Renters Say They Are More Lonely and Feel Less Safe than Housebuyers
In a recent poll conducted by the Belonging Forum, startling revelations have emerged regarding the sense of belonging, loneliness, and safety concerns among renters and young women in the UK. Contrary to the wider population, renters find themselves disproportionately affected by feelings of isolation and insecurity, particularly when navigating their way home after dark. According […]