Property investors are increasingly struggling with tenants who are late or not paying the rent, research from mortgage lender Molo has found. Late Rent Impact: Property investors in the UK are facing challenges with tenants who are late or not paying the rent....
Tax & Other Financial
New LHA rates for 2024 – 2025 announced
DWP has announced 'Indicative' rates for Local Housing Allowance rates for 2024 to 2025. It can be seen here. Note that it is not the confirmed rates, but is highly likely to be so. We are advised the confirmed rates will be published later. A useful guide to LHA...
Revealed: The best locations to invest in student accommodation in 2024
Study reveals the best cities in England and Wales to invest in student properties Derby is one of the best places in England and Wales to invest in student properties, with 20,955 students currently studying in the city and properties offering potential rental yields...
What Should We Expect from the Budget on March 6?
The Landlord Today team has written an article on what business consultancy Hargreaves Lansdown anticipates may be in Hunt’s speech in just nine weeks time. The whole article can be read here, and outlines expectations and desired measures for the Spring Budget in the...
Halifax Data, Mortgage and Consumer Lending Up
The latest Halifax data showed that house prices rose again in December as mortgage rates fell. House prices picked up 1.1% on the month following a 0.6% increase in November. This marked the third monthly increase in a row following six consecutive declines, and left...
Research shows Landlords to expand portfolios in 2024
Findings from the Intermediary Mortgage Lenders Association (IMLA) regarding the financial challenges faced by landlords in the UK, particularly small-scale landlords with mortgages, suggests many landlords say they’re set to expand investments in 2024 . Here are the...
Rent Rises slow
The Financial Times have run an article about the probability of rent rises slowing during 2024. The article can be seen here (subscription may be necessary), and in summary says: The pace of rental growth in the UK is slowing down, providing some relief for tenants...
Rent hot rents unsustainable, says Zoopla
The red-hot rental market in the UK is expected to cool in 2024 as rents have risen rapidly in recent years, reaching a point where tenants are facing affordability pressures. Zoopla's latest rental report indicates that the pace of growth could halve in 2024. Growth...
Next cost-of-living payment confirmed
The UK government has confirmed that millions of households will receive a £299 cost-of-living payment in February next year. This payment is the third of up to three cost-of-living payments, totaling £900, for eligible individuals on means-tested benefits in the...
Rightmove and Hamptons Report on the property market
The average price tag on a UK home tumbled by nearly £7,000 in December, according to Rightmove. Across Britain, the average asking price for a home coming on the market fell by 1.9% or $6,966 in cash terms this month, reaching £355,177, the property said. In...
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UK HALIFAX HOUSE PRICE INDEX
According to Halifax, British house prices rose 0.1% in April month-on-month and 1.1% year-on-year. The average house...
London rents easing
The latest rental index from Knight Frank brings some relief to renters in prime areas of London, indicating a...
Strategies landlords are employing to cope with increasing financial pressures
It seems like landlords in the UK are facing increasing financial pressures due to rising costs, particularly related...