Are Smart Meters the Solution for Tenants and Landlords?
Millions of UK residents grapple with the challenge of paying energy bills, but gaining a clearer understanding of energy costs can provide much-needed control. One effective way to achieve this is by using a smart meter. What Are Smart Meters? Smart meters represent the latest innovation in gas and electricity metering, replacing traditional meters. Energy […]
Government Sets Mandatory Housebuilding Targets and Planning Reforms
In a significant move aimed at addressing the housing crisis, all councils in England are set to receive mandatory housebuilding targets under new planning reforms announced by the Government yesterday. Deputy Prime Minister and Housing Secretary Angela Rayner detailed the ambitious plan to construct 1.5 million homes over the next five years, emphasizing the necessity […]
You Could Lose As Much As £12,500 Whilst You Sell a Property
The average property value in the UK could shift by as much as £12,500 during the time it takes to complete a sale, according to digital property information service Moverly. The company states that it currently takes an average of 112 days for a sale to progress from an accepted offer to completion. In the […]
The Private Rented Sector Contributes £45bn to the Economy Says Report
A recent report by professional services firm PwC, commissioned by the National Residential Landlords Association (NRLA) and Paragon Bank, has revealed the substantial economic impact of London’s private rented sector (PRS). The report, titled “The Economic Contribution of the Private Rented Sector,” highlights a gross value added (GVA) contribution of £14.6 billion to the UK […]
Mortgage Approvals Drop for Third Consecutive Month, What’s Going On?
Mortgage approvals for house purchases fell for the third straight month in June, according to the latest data from the Bank of England. Despite the downturn, property professionals remain optimistic about the market’s prospects for the latter half of the year. The Bank’s report revealed that there were 59,976 mortgage approvals in June, marking a […]
NRLA Asks: Is it Worth Being a Landlord in 2024?
Landlords across the United Kingdom face a landscape marked by uncertainty and opportunity. The recent election of a new Labour government, with its promise to ‘overhaul’ private sector regulations, has left many landlords wondering what the future holds. According to the NRLA these are some of the main points to consider: Changes on the Horizon […]
Landlords Must Become More Professional to Survive: Property Expert
Paul Shamplina, founder of Landlord Action and renowned TV property pundit, is urging landlords to adopt a more professional and strategic approach to thrive in the evolving private rented sector (PRS). Speaking at the National Residential Landlords Association (NRLA), Shamplina emphasized the need for landlords to treat their lettings as a business, viewing themselves as […]
Landlords: Pay Tax by July 31 Deadline or Face Record Interest Charges
Self-Assessment taxpayers are being reminded to make their advance tax payments by midnight tomorrow, July 31, to avoid incurring late payment interest charges, which have surged to a 16-year high of 7.75%. Taxpayers under the Self-Assessment system must make two annual payments on account, unless their previous year’s tax bill was less than £1,000 or […]
Propertymark Wants Letting Agents Included in Good Landlord Charter
Propertymark is urging for letting agents to be included in Andy Burnham’s Good Landlord Charter, a program aimed at “empowering renters” and improving standards in the private and social rented sectors. The Greater Manchester Combined Authority reports that over 40% of tenants in the region utilize the services of letting agents. Despite this significant usage, […]
Government Sets 2030 Deadline for Landlords to Boost Energy Efficiency
Landlords across the UK have been mandated to upgrade their rental properties to achieve an Energy Performance Certificate (EPC) rating of ‘C’ by 2030, a significant move announced by Ed Miliband, the Energy Security and Net Zero Secretary, in a recent House of Commons session. Mr Miliband highlighted that this directive is a cornerstone of […]