Autumn Statement 2023 Reveals Big News for Property Investors

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The Autumn Statement 2023 reveals some fantastic news for property investors and developers including a brand new permitted development (PD) right to allow a house to be converted into two flats.

Join Ranjan Bhattacharya as he discusses all this and more in the video below.

View Full Article: Autumn Statement 2023 Reveals Big News for Property Investors

Daily Telegraph wants to speak to landlords on new house conversion proposals

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Are you a landlord or homeowner who may benefit from the Chancellor’s plan to make it easier to convert houses into flats? Then, Alexa Phillips, the personal finance reporter for the Telegraph would like to speak with you.

The Chancellor’s Autumn statement announced a consultation on a new Permitted Development Right for subdividing houses into two flats without changing the façade.

View Full Article: Daily Telegraph wants to speak to landlords on new house conversion proposals

Autumn Statement 2023 – Landlord Reactions

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Chancellor Jeremy Hunt has revealed that the Local Housing Allowance (LHA) will be unfrozen – and the rate will increase to the ’30th percentile of local market rents’.

Mr Hunt told MPs ‘I have listened’ to landlords and tenant organisations before he unveiled the increase.

View Full Article: Autumn Statement 2023 – Landlord Reactions

“Harder for politicians to ignore renters” claims Generation Rent

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Renters wield more political power due to the surge in private renting, according to an activist group.

According to a survey by Generation Rent, analysis of the census reveals that 194 constituencies in England have populations containing 20% or more private renters

View Full Article: “Harder for politicians to ignore renters” claims Generation Rent

Housing Ombudsman orders social housing landlords to improve complaint handling

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The Housing Ombudsman has revealed that it issued 52 orders to social housing landlords for failing to handle complaints properly in the last quarter.

This is the highest number since the Ombudsman started publishing its reports in 2021.

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Portfolio landlords defy rising interest rates to expand

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Despite inflationary pressures and rising interest rates, the UK’s portfolio landlords – those with five or more rental properties – are not deterred from growing their property holdings, research reveals.

Shawbrook Bank surveyed more than 1,000 residential landlords and found that 88% of portfolio landlords had grown their portfolios in the past six months.

View Full Article: Portfolio landlords defy rising interest rates to expand

Rayner vows to ban S21 ‘no-fault’ evictions on day one of a Labour government

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Angela Rayner says that if Labour wins the next General Election, she will ban Section 21 ‘no-fault’ evictions on the first day of taking office, without any conditions or delays.

Labour’s deputy leader and shadow secretary of state for levelling up

View Full Article: Rayner vows to ban S21 ‘no-fault’ evictions on day one of a Labour government

Can I evict a tenant if they are not on the tenancy agreement?

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Hi everyone, I really need some help and would appreciate any kind of advice or suggestions. So, I have tenants; a husband, wife and their 2 children (1 of which is now 18) who have been living at my property since 2013.

View Full Article: Can I evict a tenant if they are not on the tenancy agreement?

Landbay break the sub 5% BTL barrier!

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Landbay, the BTL powerhouse taking on the bigger lenders in the fold have released a 4.75% mortgage rate!

This is undercutting a huge amount of other products currently available and will see them edge forward into mainstream even more.

View Full Article: Landbay break the sub 5% BTL barrier!

Former housing minister sacked over Tweet

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Rachel Maclean, the former housing minister, was sacked over a Tweet that laid bare groundbreaking leasehold reforms set to be unveiled in the King’s Speech.

According to Robert Peston, ITV’s political editor, Ms Maclean was axed over leaking the government’s plans for leasehold reforms on X (formerly Twitter) before the King’s Speech on the 7th of November.

View Full Article: Former housing minister sacked over Tweet