BoE leaves interest rate unchanged – property sector reacts

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UK interest rates have been left unchanged at 5.25% by the Bank of England in a move economists had expected.

The Bank had previously raised rates 14 times in a row to tame inflation, leading to increases in mortgage payments but also higher savings rates.

View Full Article: BoE leaves interest rate unchanged – property sector reacts

London’s rough sleeping crisis hits record high, councils warn

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London is facing a rough sleeping crisis as new data shows that the number of people sleeping on the streets has reached a record high.

According to the latest figures from the Combined Homelessness and Information Network (CHAIN)

View Full Article: London’s rough sleeping crisis hits record high, councils warn

Stress costs taxes: Is it time to sell up?

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Many landlords are thinking about selling up due to additional stress, costs and additional taxes that landlords now face.

However, it’s not all doom and gloom.

Anyone taking a long-term view on property investing will understand all the benefits and do very well

View Full Article: Stress costs taxes: Is it time to sell up?

NRLA urges cooperation between landlords and tenant groups on rental reform

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The National Residential Landlords Association (NRLA) has appealed to the Renters’ Reform Coalition, a group of organisations that push for tenants’ rights, to work together on improving the private rented sector (PRS).

The NRLA has sent an open letter to the coalition’s leading members

View Full Article: NRLA urges cooperation between landlords and tenant groups on rental reform

What Next For Interest rates?

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Ranjan is back with another video talking all about interest rates.
With the Bank of England decision on interest rates expected this week, Ranjan shares his predictions for what lies ahead for interest rates and highlights the opportunities and threats for property investors.
View Full Article: What Next For Interest rates?

Reshaping Property Management Through Technology

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Property management, whether you’re overseeing a handful of properties or a more extensive portfolio, can often present complex and demanding challenges. Balancing tenant communication, maintenance, rent collection, and cash flow tracking can quickly become overwhelming.

Thankfully, property management technology is evolving to make this task more manageable.

View Full Article: Reshaping Property Management Through Technology

Why a tenant’s furry and feathered friends can rejoice over a forgotten law

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With the Renters (Reform) Bill passing its second reading, one important detail many landlords and tenants will want to know is about tenants keeping pets in their rented home.

However, a largely forgotten act already exists that allows tenants to keep a pet rabbit or chicken.

View Full Article: Why a tenant’s furry and feathered friends can rejoice over a forgotten law

Council tax reform for HMOs: good news for some, bad news for others

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While the Government has announced a new policy to simplify the council tax system for houses of multiple occupation (HMOs), not all types of HMOs will benefit from the change, and many tenants and landlords will still face higher bills

View Full Article: Council tax reform for HMOs: good news for some, bad news for others

Government to end council tax on HMO shared rooms

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Renters in shared housing could save up to £1,000 a year thanks to a campaign by the National Residential Landlords Association (NRLA).

The Government has announced it will reform the way council tax is applied to houses of multiple occupation (HMOs).

View Full Article: Government to end council tax on HMO shared rooms

TMW slashes buy to let rates for new and existing customers

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The Mortgage Works (TMW) has announced a series of rate reductions across its buy to let products, effective from last Saturday (28 October).

The lender is offering some of the most competitive deals in the sector, with rates starting from 4.49%.

View Full Article: TMW slashes buy to let rates for new and existing customers