A new association has been launched to drive forward regulation and protection for people who rent out a room in their home and lodgers who rent the rooms. The Lodger Landlords Association (LLA) aims to ensure lodgers are afforded the same level of protection as other areas of the private rental sector, with non-compliance being […]
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An increase in supply and demand looks likely to keep rental values in the prime property markets in London in check during 2019, according to the latest analysis report. Overall, demand in the prime London lettings market strengthened notably over the first six months of the year, the London residential review from international real estate […]
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An English council is being warned that its landlord licensing and accreditation scheme is potentially unlawful. The Residential Landlords Association (RLA), which represents private sector landlords, has written to Coventry Council to oppose the scheme, and to argue that it could breach European law. In April the council updated its mandatory licensing scheme for landlords […]
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Paisley in Scotland is the best place in the UK for a couple buying a home to raise a deposit while renting, taking just three months to do so, new research has found. But couples renting in London will need an average of 22 years and two months to save for a deposit, according to […]
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The political twists and turns of Brexit are causing activity to ebb and flow in the prime London property market, according to the latest residential review report. The total potential spend by buyers registered in prime central and prime outer London markets is £51.5 billion, according to the report from real estate firm Knight Frank. […]
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The two-up, two-down house, which used to be a staple of the British housing market, is no longer popular with the number being built halved in the last 20 years, new research shows. Indeed, two bedroom houses now make up just 2% of new build houses for sale in some areas and 9% overall, according […]
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Free market reforms are needed to increase the supply of homes for sale in the UK to help tackle the nation’s housing crisis, according to a new academic paper published by a right wing think tank. It calls for green belt land to be selectively re-classified where housing is most needed, for stamp duty and […]
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Although the Government has already taken steps to limit the impact of stamp duty on first time buyers, the property tax remains a major barrier for older home owners who want to downsize, it is suggested. According to the Intermediary Mortgage Lenders Association (IMLA), there is a whole generation of asset-rich but cash poor people […]
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Almost a quarter, some 23%, of mortgage intermediaries expect that consumers could choose to bypass advice and arrange their mortgage directly with a lender due to proposed changes, it is suggested. The Financial Conduct Authority, the UK’s financial watchdog, is proposing to remove prescriptive requirements around firms’ execution only policies, but a new survey suggests […]
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The number of tenants in the UK’s private rented sector experiencing rent rises increased to the highest figure on record in June, the latest report from letting agents show. More than half, some 55%, of agents reported landlords increasing rents, up 22% compared with May which was a previous record high, the report from the […]
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