Rent rises start to ease – but renters still worry
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Tenants are experiencing some relief as the rate of rent rises slows down significantly, new data from Barclays reveals.
The bank says that renters spent just 1.8% more on rent last month than in March last year.
View Full Article: Rent rises start to ease – but renters still worry
Patrick Harvie defends Scotland’s rent cap against critics
Scottish Greens co-leader Patrick Harvie has defended Scotland’s rent cap saying that ‘many thousands’ of tenants have been helped and that predictions that landlords would leave the sector were ‘false’.
The tenants’ rights minister was speaking at the Scottish Greens conference
View Full Article: Patrick Harvie defends Scotland’s rent cap against critics
Even with family help, first-time buyers need a £36,000 deposit
First-time buyers in Britain still face a significant financial hurdle despite receiving help from family when it comes to saving for a deposit, research reveals.
The findings from estate agents Yopa found that deposit contributions from the ‘Bank of Mum and Dad and substantial
View Full Article: Even with family help, first-time buyers need a £36,000 deposit
Holiday let market feels the squeeze as bookings fall
The staycation boom appears to be over, with holiday let owners across the UK reporting a sharp decline in bookings this year, the Observer reports.
The cost-of-living crisis, poor weather and a saturated market are being blamed for the slump.
View Full Article: Holiday let market feels the squeeze as bookings fall
Sadiq Khan pledges to build 6,000 ‘affordable’ homes and bring in rent controls
London’s mayor, Sadiq Khan, says he is the ‘renter’s champion’ and is committing to building 6,000 ‘affordable’ homes by 2030 with rents tied to the earnings of key workers.
Mr Khan was speaking at the launch of his third mayoral bid and will use powers he has already to cap the rent for these homes at one-third of the average wage of key workers.
View Full Article: Sadiq Khan pledges to build 6,000 ‘affordable’ homes and bring in rent controls
Freeholder asking leasholder to pay for repairs on his side of the building?
Hi, apologies if this is a dumb question but my wife is the leaseholder on one of the fout flats in a converted double fronted terraced property.
The freeholder also owns one of the other three flats. The frontal layout of the building has a central door with two flats on either side of the door (1 flat upstairs and one downstairs –
View Full Article: Freeholder asking leasholder to pay for repairs on his side of the building?
Renters are spending nearly 40% of their wages on rent
The average UK tenant is spending nearly 38.3% of their monthly income on rent which means many will be teetering on the edge of affordability, research reveals.
Financial experts generally advise keeping the rent proportion of income below 40%.
View Full Article: Renters are spending nearly 40% of their wages on rent
The Renters (Reform) Bill doesn’t need tweaking – it needs sinking
News that the Government is tweaking the Renters (Reform) Bill has been welcomed by landlords everywhere, not so much by the usual suspects, but this awful legislation really needs sinking.
The proposed changes, including the abolition of section 21 ‘no-fault’
View Full Article: The Renters (Reform) Bill doesn’t need tweaking – it needs sinking
UK house price growth slows after five months of rises
UK house prices continued to rise year-on-year in March, although the pace of growth slowed compared to the previous month, Halifax reveals.
Its house price index shows that annual property price growth came in at 0.3%
View Full Article: UK house price growth slows after five months of rises
BTL landlords are shrinking portfolios despite rising rents
Buy to let investors in England and Wales are reducing the size of their portfolios, despite healthy rental income growth, research reveals.
According to Open Property Group, which analysed data on portfolio sizes and profitability, the average investor now holds 8.5 properties
View Full Article: BTL landlords are shrinking portfolios despite rising rents
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