News

  • Confidence returns to the UK’s jittery post-Brexit housing market

    Confidence returns to the UK’s jittery post-Brexit housing market

    Many of the fears of the impact of the Brexit vote on the housing market have subsided, as confidence returns after a short post-referendum dip. The residential market survey by the Royal Institution of Chartered Surveyors reported that house prices in both the short and long terms would rise, for the first time since April, but London is expected to …Read More »
  • The government wants to better protect your money – have your say

    The government wants to better protect your money – have your say

    The government is considering its options when it comes to increasing protections for private landlords and tenants’ cash against fraud and bankruptcy. With letting agents holding up to £2.7bn in deposits, rent payments and money for repairs at any one time, the government is concerned that a significant amount of this money is not protected. …Read More »
  • Landlords – Be Prepared

    Landlords – Be Prepared

    The Scouts motto of ‘be prepared’ is particularly apt at this time for private sector landlords, faced with changes in legislation it appears on a daily basis. It has to be said that there have been warnings and help available for a long time, which sadly, some landlords have chosen to ignore. One has been …Read More »
  • Hefty fine and costs for failing to give tenant an EPC certificate

    Hefty fine and costs for failing to give tenant an EPC certificate

    Failing to provide an energy certificate and not complying with an improvement notice has resulted in a landlord being ordered to pay more than £1,800. North Kesteven council in the east of England took action against Sharon Clarke, who owns a private rented property in the town of Nocton. The case was heard in her …Read More »
  • Government’s energy efficiency policy will drive up rents

    Government’s energy efficiency policy will drive up rents

    The government’s policy to improve the energy efficiency of the UK’s housing stock will almost certainly place upward pressure on rents in the private rented sector, warns the Residential Landlords Association (RLA). The way a residential building is constructed, insulated, heated, ventilated and the type of fuel used, all contribute to its carbon emissions, and …Read More »
  • Arrears and possessions fall to lowest level in 20 years but rental evictions soar

    Arrears and possessions fall to lowest level in 20 years but rental evictions soar

    While the number of people falling into arrears is at its lowest level in 20 years, rising rents and living costs have seen rental evictions soar. Data from the Council of Mortgage Lenders has revealed that there were 92,500 mortgages in arrears of at least 2.5% of the balance in June. This is 13.4% lower …Read More »
  • Is the UK tax system fair on property owners and tenants?

    Is the UK tax system fair on property owners and tenants?

    A recent report by housing charity Shelter and YouGov has placed a focus on the UK taxation system with many homeowners/ tenants struggling. While some people are pointing the finger at the ever-growing cost of UK property perhaps we need to look at the UK taxation system which seems to penalise those in employment. The …Read More »
  • Will the rate cut have any real effect?

    Will the rate cut have any real effect?

    The Government has to show it’s got what it takes and doesn’t just have to rely on the Bank of England. Tony Ward is chief executive of Clayton Euro Risk So now we have the historical rate cut to Bank Rate taking it down to 0.25%. I have been suggesting that this was something that …Read More »
  • House prices down by 1 per cent for July

    House prices down by 1 per cent for July

    Earlier this week, a report from the Resolution Foundation also revealed the plummeting numbers in homeownership across the UK, with Greater Manchester seeing the most significant drop of all. The percentage of homeowners in the region fell fro 72 pc in 2003 to just 58 pc in 2016. Martin Ellis, Halifax housing economist, said: “There …Read More »
  • Housing market set to fall says Bank of England despite rate cut

    Housing market set to fall says Bank of England despite rate cut

    Cutting interest rates to their lowest levels ever unlikely to stave off 25% drop in monthly mortgages approvals. The Bank of England is forecasting a significant drop in in the housing market despite cutting interest rates in half to 0.25% and announcing a £170bn stimulus package. Publishing its view on the housing market the the …Read More »
  • Why is the UK switching to a property rental market?

    Why is the UK switching to a property rental market?

    A recent report confirmed that the UK property market is moving more towards rental as opposed to ownership. There has been a significant reduction in ownership levels in recent years and many expect this to continue for the foreseeable future. So, why is the UK seemingly switching to a property rental market as opposed to …Read More »
  • Landlords Hit With Extra ‘Green Tax’

    Landlords Hit With Extra ‘Green Tax’

    Buy to let landlords are due to be hit with costs of £5,000 from April 2018 to comply with new government energy efficiency legislation introduced on rental properties. Around 330,000 rental properties in the UK, usually older character properties, fall into bands F and G on the energy efficiency rating, and these properties will need …Read More »
  • Landlords are using social media to filter out bad tenants

    Landlords are using social media to filter out bad tenants

    It has long been the case that landlords and letting agents require tenants to consent to a credit check before they will agree to sign a residential lease: a tenant with a poor credit score is deemed unlikely to pay their rent on time and may either be refused a tenancy agreement or have a …Read More »
  • Poll shows over half of UK landlords refuse requests to improve energy efficiency

    Poll shows over half of UK landlords refuse requests to improve energy efficiency

    Over half of UK tenants claim their rental property is cold and draughty and 58% say their landlords has refused to make energy efficiency improvements, a new poll shows. Since the beginning of April 2016 tenants living in F and G rated homes have been able to request improvements, such as more insulation and landlords …Read More »
  • Brexit Areas Bring Better Rental Yields

    Brexit Areas Bring Better Rental Yields

    Rental yields are important for buy to let landlords, and research from Lendinvest has pinpointed the top nine areas in the UK for rental yields. Current rental prices from Zoopla and purchase prices from the Land Registry have been used to calculate the most profitable areas for landlords to invest. Manchester came top with an …Read More »