The UK office market is experiencing significant challenges, with properties selling at an average of 18% below their asking prices, the largest discount seen since the 2008 global financial crisis. According to data from CoStar, this substantial drop reflects weak...
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Act now if you have a furnished holiday letting
The upcoming changes to the UK tax regime for furnished holiday lettings (FHL), set to take effect in April 2025, will significantly reduce the tax advantages for individuals operating FHL businesses. As a result, those affected are advised to take action ahead of the...
Landlord fined £10,000 for no electrical certificate.
In spite of appealing to the First Tier Tribunal, a Hastings Landlord has been fined £10,000 after failing to provide an Electrical Safety Installation Certificate after he was asked by Hastings Borough Council. Cllr Glenn Haffenden, lead councillor for housing and...
More concerns about delays by social landlords fixing problems
The latest report from the Housing Ombudsman underscores growing concerns over the management of window repairs by landlords. The findings, drawn from 13 severe maladministration cases, highlight troubling delays and poor responses, which have significant...
Claim that landlords are selling up
Antony Lark, Joint CEO of Spicerhaart, has expressed concern about the current state of the rental market, highlighting the growing trend of landlords exiting the market due to increasing legislative pressures, tax burdens, and changes such as the removal of mortgage...
Are there enough workers to improve the EPC rating of rental homes?
The task of decarbonizing the UK's residential housing stock to achieve an EPC band C rating by 2035 presents a monumental challenge, especially considering the current shortage of skilled workers in the construction industry. The Construction Leadership Council has...
The Alan Boswell Group has highlighted the ten most expensive repairs for landlords
The Buy To Let insurance company Alan Boswell Group has highlighted the ten most expensive repairs that landlords might face, revealing costs that could seriously impact their finances. The most expensive repair on the list is underpinning, which can cost anywhere...
Shelter again making Section 21 claims
Following the release of data from the Ministry of Justice last week, campaigning charity Shelter has highlighted the loss of a private tenancy as the leading cause of homelessness, accounting for more than a quarter of households identified as homeless or at risk....
Labour has “golden opportunity” to solve renting crisis says agency boss
Letting Agent Today has published an article quoting the CEO of Spicerhaart who is of the view that Labour can resolve the rental crisis, but must give clarity to the industry about future taxes and the contents of the Renters Rights Bill. The article can be seen...
It could take until 2042 to meet energy targets in the PRS
Landlords in the UK are facing significant challenges in meeting the Labour government’s 2030 target for all privately rented homes to achieve an Energy Performance Certificate (EPC) rating of A to C. Research from Hamptons reveals that if energy efficiency...
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Angela Rayner’s Commitment to Housing Reform
At the Labour Party conference, Deputy Prime Minister Angela Rayner pledged to work in collaboration with Private...
Private rent and house prices, UK: September 2024
The ONS has just released its Private rent and house prices, UK: September 2024. The full report can be seen here, and...
Landlords Could Face £90,000 Capital Gains Tax Bills Under Labour’s Proposed Tax Changes
The Telegraph has published an article outlining the potential for landlords under Labour. The original article can be...