Data Shows Slower Growth in Rent and Mortgage Spending
In a notable shift, data from millions of Barclays current accounts indicates that spending on rent and mortgages increased by a modest 1.5% year-on-year in June, a significant deceleration from May’s 6.3% rise. This 1.5% growth is the slowest rate observed since March 2023. In a further boost for households, utility spending dropped sharply by […]
Council Housing Crisis Looms as Authorities Warn of £2.2bn Funding Gap
In a stark warning to the new government, twenty of England’s largest local authority landlords have declared the council housing financial model ‘unsustainable,’ with budgets facing a staggering £2.2 billion deficit by 2028. A cross-party coalition, including Birmingham City Council, Leeds City Council, and Camden Council, has highlighted the severe impact of inadequate funding and […]
Salford Council Says Rent Increases Will Have a Positive Impact
Salford Council has initiated a consultation to determine whether private landlords in parts of Broughton and Kersal should be required to obtain a selective licence, a move that could significantly impact the local housing market. The proposed scheme would affect approximately 1,340 properties, covering the same areas and streets as the previous initiative, which concluded […]
Housing Ombudsman Report Slams Social Landlord Failures
A damning report by the Housing Ombudsman has uncovered significant shortcomings among 27 social housing landlords regarding their handling of leaks. These failures have led to widespread tenant complaints due to resultant damp and mould issues. The report details severe cases of prolonged inaction by landlords, causing extensive damage and displacement for affected tenants. In […]