Scottish house prices up £12,379 as market shows resilience

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Scottish house prices have defied economic turmoil to surge by £12,379 in the last year, according to new figures. 

Analysis DJ Alexander Ltd, Scotland’s largest estate agency, revealed a significant rise in average house prices from £177,949 in February 2023 to £190,328 in January 2024.

View Full Article: Scottish house prices up £12,379 as market shows resilience

Landlord warns: “Sell now” as headlines encourage Government measures for a further reduction of the private rented sector

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In a worrying turn of events this week, The Guardian reported alarming news for landlords who might still be holding on to their property portfolios.

It heralded “The end of landlords” with the suggestion that the Government should start to veer towards a “surprisingly simple solution to the UK housing crisis” which could see them squeeze landlords further

View Full Article: Landlord warns: “Sell now” as headlines encourage Government measures for a further reduction of the private rented sector

Angela Rayner slams ‘smears’ over council house sale

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Angela Rayner has slammed the allegations of tax evasion over her council house sale as a ‘smear’ in a BBC Newsnight interview.

The deputy Labour Party leader insists there was ‘no wrongdoing’ or ‘unlawfulness’ in the sale of her Stockport home.

View Full Article: Angela Rayner slams ‘smears’ over council house sale

How do I end an unlicensed HMO in Newham?

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Hello, any advice is much appreciated. I have an unlicensed HMO in Newham which I need to draw to an end with minimum financial ruin….

I was living there with 2 lodgers. 6 months ago I moved out and another lodger moved in.

View Full Article: How do I end an unlicensed HMO in Newham?

Homeowners fork out millions to pay for pet damage

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Landlords worried about tenants with pets might be interested in research about pet-loving Brits who are forking out millions on DIY repairs caused by their furry friends running amok at home.

Under the Renters (Reform) Bill, landlords won’t be able to refuse a home to a tenant with a pet without good reason.

View Full Article: Homeowners fork out millions to pay for pet damage

BoE holds interest rate at 5.25%

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The Bank of England’s Monetary Policy Committee has decided to hold the base rate at 5.25% – for the fifth meeting in a row.

The current rate, which was set last August, is the highest for nearly 16 years.

View Full Article: BoE holds interest rate at 5.25%

NRLA and Generation Rent welcome call to uprate LHA

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MPs on the Work and Pensions Select Committee say that Local Housing Allowance should be uprated every year by the Government so that it retains its value at the 30th percentile of rents in a rental market area.

LHA rates have been frozen since April 2020 and from April this year

View Full Article: NRLA and Generation Rent welcome call to uprate LHA

Extremely rigorous tenent screening, insurance and total protection?

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The title speaks for itself. Unfortunately, it has taken a year to the day exactly to evict non-paying tenants. This is the first time in 30 years I’ve had any issues, but it has now made me concerned that my experience could happen again.

View Full Article: Extremely rigorous tenent screening, insurance and total protection?

Half the council tax tenants pay should be saved for a home deposit – SMF

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In a bid to help tenants save for a deposit to buy a house, half of their council tax payment should paid into a dedicated savings account, one think tank says.

The novel solution by the Social Market Foundation (SMF) acknowledges government efforts to help first-time buyers but argues they haven’t addressed the issue in high-demand areas.

View Full Article: Half the council tax tenants pay should be saved for a home deposit – SMF

PRS supports more than 390,000 jobs and generates £45 billion

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The private rented sector (PRS) in England and Wales supports more than 390,000 jobs across its supply chain and the wider economy, underlining the crucial role that landlords play in society and the economy.

The report by PwC was commissioned by the National Residential Landlords Association (NRLA) and Paragon

View Full Article: PRS supports more than 390,000 jobs and generates £45 billion