Scottish Government to Consult Over Housing (Scotland) Bill
In a bid to address pressing housing issues, the Scottish Parliament is embarking on a consultation journey, inviting feedback from landlords, the public, and organizations regarding the proposed Housing (Scotland) Bill. This comprehensive bill, spearheaded by the Local Government, Housing, and Planning Committee alongside the Social Justice and Social Security Committee, could potentially usher in […]
Over 200 Amendments Proposed for Renters (Reform) Bill
As the Renters Reform Bill enters its Third Reading in the Commons today, the landscape of the rental market stands poised for significant change. With over 200 amendments to sift through, stakeholders are keeping a close eye on the most contentious revisions proposed by both Conservative and Labour MPs, as well as others. Conservative Amendments […]
Making Tax Digital: A Guide for Self-Employed Individuals and Landlords
Are you a self-employed individual or landlord in the UK? If so, it’s time to get ahead of the curve with HMRC’s latest initiative: Making Tax Digital (MTD). HMRC is currently encouraging individuals falling under this category to participate in testing its new digital tax record system. Here’s what you need to know to stay […]
Labour Says Landlords Should Wait 2 Years to Sell Their Property
In a bid to reshape the rental landscape, Labour’s shadow housing secretary, Matthew Pennycook, has put forth a notable proposal set to shake up landlord-tenant dynamics. The proposition suggests that landlords must wait a minimum of two years from the commencement of a tenancy before considering selling or reclaiming occupancy of their property. This proposed […]
Chancellor Considering Stamp Duty Cut: What You Need to Know
Over the weekend, whispers have been swirling regarding a potential move by Chancellor Jeremy Hunt to slash Stamp Duty, a move that could impact thousands of homebuyers across England. The Times newspaper, citing insider sources within HM Treasury, reported that plans are in motion to raise the threshold at which Stamp Duty kicks in, from […]
Rightmove Says House Prices Have Risen Again
As the flowers bloom and the sun shines brighter, the UK housing market is experiencing its own kind of growth. According to the latest report from property listing platform Rightmove, the average asking price for new sellers this month has increased by 1.1%, or £4,207, reaching £372,324. This rise falls in line with the 10-year […]
Tenant Evictions Surge Ahead of Renters (Reform) Bill
In a recent expose, the Daily Telegraph sheds light on a concerning trend: tenant evictions are soaring as landlords brace themselves for the impending Renters (Reform) Bill. This legislation threatens to abolish Section 21 ‘no-fault’ evictions, prompting landlords to take pre-emptive action. The Telegraph’s analysis reveals a sharp increase in property repossessions conducted by bailiffs, […]
Amendments to the Renters (Reform) Bill: What You Need to Know
In a recent development regarding the Renters (Reform) Bill, an array of amendments has been introduced, marking significant changes in the landlord-tenant dynamics. Among these amendments, one stands out: the prevention of landlords from selling a property within two years of the initiation of a tenancy. Spearheaded by Labour’s shadow housing secretary Matthew Pennycook, this […]
Evaluating the Impact of Property Licensing Schemes on the Rental Sector
In the dynamic landscape of the rental sector, property licensing schemes have emerged as a contentious topic, stirring debates among landlords, agents, and policymakers alike. A recent collaboration between compliance platform Yuno and industry expert Kate Faulkner OBE has shed light on the effectiveness and cost-justification of these schemes, sparking crucial conversations about their role […]
Navigating the Current UK Housing Market: Insights and Trends
In the realm of real estate, staying informed about house price trends and the broader economic landscape is paramount, regardless of whether you’re a hopeful first-time buyer, a seasoned homeowner, or an astute property investor. The movement of prices serves as a barometer for market health, while economic conditions shape overall market activity. Yesterday, the […]