UK house prices defied crash predictions in 2023, new data shows

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Despite predictions of a UK house price crash in 2023, new data shows that prices were resilient.

The UK house price index from the estate agents Yopa reveals how the property market fared despite the cost-of-living crisis and higher interest rates.

View Full Article: UK house prices defied crash predictions in 2023, new data shows

Exclusive Legal Training Opportunity: Learn from Housing Barrister Justin Bates

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As all landlords know, being a landlord involves a lot more than just sitting back and waiting for the rent to drop into your bank account.

In fact, if you are not careful, that rent might not be sufficient to pay all your expenses.

View Full Article: Exclusive Legal Training Opportunity: Learn from Housing Barrister Justin Bates

UK’s housing crisis made worse by migration – MP

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A Tory MP has claimed that the UK’s housing crisis is being aggravated by the post-Brexit migration system which sees tenants now paying 40% of their disposable income on rent, The Times reports.

Neil O’Brien

View Full Article: UK’s housing crisis made worse by migration – MP

Rees-Mogg slams Gove’s ‘socialist error’ Renters (Reform) Bill

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Sir Jacob Rees-Mogg, the leader of the House of Commons, has launched a scathing attack on the housing secretary, Michael Gove, over his proposed Renters (Reform) Bill, which he called a ‘socialist error’.

The Bill aims to improve the security and standards of tenants in the private rented sector (PRS) and would abolish section 21 ‘no-fault’

View Full Article: Rees-Mogg slams Gove’s ‘socialist error’ Renters (Reform) Bill

Section 21 ‘no-fault’ evictions are ‘fundamentally unfair’

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Using section 21 ‘no-fault’ evictions to remove ‘model tenants’ in a court of law is ‘fundamentally unfair’ and will ‘get worse’.

That is the opinion of Simon Harris, the chief executive of Citizens Advice Staffordshire North and Stoke-on-Trent

View Full Article: Section 21 ‘no-fault’ evictions are ‘fundamentally unfair’

Council slammed by Housing Ombudsman for poor repairs and complaints handling

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A special investigation by the Housing Ombudsman has exposed how Hammersmith and Fulham Council failed to provide adequate repairs and complaints handling to its residents, leaving them ‘feeling anything but secure in their homes’.

The report found that the council had a maladministration rate of 88% in 33 cases investigated

View Full Article: Council slammed by Housing Ombudsman for poor repairs and complaints handling

Over 55’s landlords turning to Landlord Sales Agency to get out of trouble financially as new buy-to-let mortgages grind to a halt

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It’s another week of news suggesting that landlords need to sell. If you’ve not yet considered cutting your losses, this might be the sign it’s time to exit the market, fast.

The Independent reported that not only have landlords over 55 increasingly been getting rid of their buy-to-let properties to exit the market before things get worse

View Full Article: Over 55’s landlords turning to Landlord Sales Agency to get out of trouble financially as new buy-to-let mortgages grind to a halt

Quadruple surge in fake tenancy applications

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Fraudulent tenancy applications have quadrupled in the last two years, according to new research.

Referencing agency Homelet says they have seen a surge in fake tenancy applications receiving nearly 200 per day.

According to the 2020 Fraud and Corruption Tracker by the Chartered Institute of Public Finance and Accountancy (CIPFA)

View Full Article: Quadruple surge in fake tenancy applications

Landbay launches fee-free five-year fixed-rate BTL mortgages

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Landbay has announced the launch of two new fee-free five-year fixed-rate mortgages for landlords, with competitive rates and flexible terms.

The first product is a standard five-year fixed-rate mortgage at 5.69%, which can be borrowed up to 75% of the property value

View Full Article: Landbay launches fee-free five-year fixed-rate BTL mortgages

Gove unveils new rules to curb short-term lets

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The government has announced new rules to restrict short-term lets and give local communities more control over housing.

The changes, unveiled by Secretary of State for Levelling Up Housing and Communities, Michael Gove, will require planning permission for future short-term lets and create a mandatory national register to provide valuable information and help ensure accommodation is safe.

View Full Article: Gove unveils new rules to curb short-term lets