The Renters’ Rights Bill was published today (11/9/24) with the stated intention to introduce a series of reforms designed to increase protections for tenants while maintaining a balance that allows landlords to manage their properties effectively. Key measures...
News
Announcement from Barret Homes
Barratt Developments, in collaboration with Homes England and Lloyds Bank, has announced a joint venture called the MADE Partnership, which will focus on large-scale residential-led developments. Each partner is expected to invest up to £150 million in this venture....
Is it a landlord exodus or gradual reduction?
According to recent data from Rightmove, the proportion of former rental properties being listed for sale has reached its highest level on record. Currently, 18% of homes for sale were previously rental properties, up from 8% in 2010, with London seeing nearly a third...
Lambeth’s new licensing scheme
Lambeth Council has launched a new property licensing scheme starting from 2 September, aimed at improving the quality of accommodation in the private rented sector (PRS) and cracking down on rogue landlords. Initially covering four wards—Knights Hill, Streatham...
Propertymark urges Government to drop Section 24
Propertymark, a leading trade body for the property sector, is urging the UK government to repeal Section 24 in the upcoming budget to avoid exacerbating the current rental housing crisis. Section 24, introduced by former Chancellor George Osborne, restricts landlords...
Council urges tenants to check landlords licence
Oxford City Council is urging private tenants to check if their landlord has a valid license, as part of its citywide selective licensing scheme. This initiative, now in its third year, requires all private rented homes in Oxford to be licensed. While over 9,500...
Can mortgage deals help landlords beat Labour’s new rules?
The Investors Chronicle has published ab article guiding landlords towards mortgage deals. It can be seen here and says: As the political landscape in the UK shifts with Labour now in power, landlords should prepare for significant changes in the rental market,...
Renters’ Rights Bill in Parliament next week
The UK government is set to introduce the Renters' Rights Bill in the House of Commons next week, which will ban landlords from evicting tenants without providing a reason, commonly referred to as "no-fault" evictions under Section 21. The proposed legislation, which...
Property sales not adversely affected by poor EPC rating
A recent study by Nationwide has revealed that landlords selling properties with poor Energy Performance Certificate (EPC) ratings are unlikely to face significant price discounts. Despite concerns surrounding the return of the EPC C-rating target for rental...
Don’t rush to advertise any empty properties.
Phil Spencer, the well-known TV property expert, is advising landlords to consider delaying the advertisement of vacant properties due to the current market conditions, especially with students entering the rental market as universities restart. He points out that...
YOU MAY ALSO LIKE
Coalition warns the chancellor that lack of housing will impact her plans
A coalition of property organisations, including the British Property Federation (BPF), the National Residential...
Social rents to rise by more than inflation
Chancellor Rachel Reeves is to announce raising social housing rents by inflation plus 1% for five to ten years aims...
Affordable Homes Programme delayed
The UK government's next Affordable Homes Programme (AHP) is anticipated to be unveiled in spring 2025, following the...