Writing in Property118, The Landlord Crusader questions the experience of the current cabinet. His blog can be seen here, and in summary says that the election of the Labour government has brought both hope and apprehension among landlords in the private rented sector...
Propertymark has issued a stark warning to the government that abolishing Section 21 could overwhelm the court system, potentially becoming the "final nail in the coffin" for many landlords due to increased costs and lengthy delays in the judicial process. Potential...
Recent news has provided conflicting signals about the impact of Buy-to-Let (BTL) mortgage rates on landlords, leading to understandable concern and uncertainty about the future of property portfolios. After dropping to 5.5% in February, BTL mortgage rates have been...
Labour is at risk of missing its target of delivering 1.5 million new homes within this parliamentary term without an emergency cash injection into the affordable housing sector, according to providers. Housing associations and councils have expressed their concerns...
Angela Rayner, a former trade union representative who grew up in social housing, has been named Secretary of State for Housing, Communities and Local Government. Rayner, who has also been appointed Deputy Prime Minister, has quickly reverted the department's name to...
Green councillor Ellen McLeay is proposing a motion to require planning consent for Airbnb-style short lets in Brighton. This proposal will be discussed at an upcoming city council meeting. McLeay aims to utilize Article 4 Direction powers to control properties used...
The term "Levelling Up," introduced by former Prime Minister Boris Johnson, has been officially abandoned by the new Deputy Prime Minister Angela Rayner. Here’s a summary of the recent changes and their implications: Changes Announced Rebranding of the Department: The...
Propertymark, the trade body for property professionals, has expressed a cautious and somewhat skeptical response to Labour's ambitious housing goals. Here are the key points and concerns highlighted by Propertymark: Key Points Housing Target Challenge: Labour's...
The Royal Institution of Chartered Surveyors (RICS) has responded positively to the Labour government's ambitious housing plans but has raised concerns about certain proposals. Here's an overview of the key points from RICS and Labour's commitments: RICS Response...
Following expectations that interest rates had hit their peak in January, the sales market picked up significantly in Q1 2024 and, despite rates remaining unchanged, improved sentiment on the UK economy maintained this momentum. Winkworth's sales agreed in H1 2024...
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Data from Propertymark reflects slight changes in the supply and demand dynamics within the UK’s private lettings and...
The latest internal data from Shawbrook indicates a significant shift among professional landlords towards investing...
The situation involving Labour MP Jas Athwal, who has been called to resign following a BBC investigation revealing...