Housing costs hit a record £217 billion in 2024

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The UK’s housing costs surged to an unprecedented £217 billion in 2024, marking a £19.8 billion rise from the previous year, a 10% jump.

According to property firm Savills, this figure eclipses the previous high of 2016 by £8.6 billion

View Full Article: Housing costs hit a record £217 billion in 2024

Providers or parasites? The vilification of landlords continues

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Two stories on Property118 on the same day manage to spell out the real issue facing PRS landlords in the UK: we are facing a witch hunt and nothing we do or say will change that.

I’ve had some brickbats thrown at me over the years but never have I been vilified as a tax-dodging parasite.

View Full Article: Providers or parasites? The vilification of landlords continues

Landlords must allow tenant fibre broadband upgrades

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A new amendment to the Renters’ Rights Bill will see landlords having to accept fibre broadband installation requests from tenants.

As with the proposed new rules on accepting pets, landlords cannot ‘unreasonably refuse’ permission for a broadband upgrade.

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Landlords see profits soar from downsizing “loophole”

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A landlord’s buy-to-let flats sold for £1.15 million in 4 weeks, another in just 2 weeks for 18% higher than market value, and property portfolios performing at the same level of profitability as when we started in the rental sector 15 years ago: these might sound like numbers from years back

View Full Article: Landlords see profits soar from downsizing “loophole”

Bank of England hold Base Rate at 4.5%

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The Bank of England’s Monetary Policy Committee (MPC) Doves came out on top today, voting 8-1 to hold the Bank Base Rate at 4.5%. One MPC member voted for a 0.25% reduction in the rate.

This coincides with the US Federal Reserve’s decision yesterday to also maintain their rate at the range of 4.25 to 4.5% due to potentially inflationary economic proposals.

View Full Article: Bank of England hold Base Rate at 4.5%

Court lost documents and struck out case?

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Hi everyone, I am in court for compensation against a tenant who is now thankfully evicted.

I have a judgment of debt, but I am pursuing a Charging Order securing the debt against a property he now owns.

View Full Article: Court lost documents and struck out case?

House and rent prices rise the most in the north of England

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Strong buyer demand is seeing house prices surge in the north of England with Yorkshire and the west Midlands leading the way, Home.co.uk says.

Its latest index also reveals that rents in the north are also increasing ahead of London’s rates.

View Full Article: House and rent prices rise the most in the north of England

Disgusting Slur on Landlords by Leftwing Media

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News that Britain’s landlords have increasingly moved from holding property in their personal names to limited companies has been slammed by one journalist as ‘widespread tax avoidance’.

Writing on the left-wing website, Novara Media, Harriet Williamson said: “Let’s call this what it is: widespread tax avoidance by a workshy

View Full Article: Disgusting Slur on Landlords by Leftwing Media

Leading BTL lenders reduce mortgage rates

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Two prominent buy to let lenders, Accord Mortgages and The Mortgage Works, have announced reductions to their BTL offerings.

The revamped ranges are aimed at a variety of borrowers, from those wanting short-term deals to others eyeing longer commitments.

View Full Article: Leading BTL lenders reduce mortgage rates

Charities urge Labour to tackle ‘discriminatory’ PRS guarantor rules

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The Labour government is being urged to overhaul renter legislation which 28 charities say will hit poorer tenants from being able to access PRS housing.

The charities have written an open letter to the Housing Secretary Angela Rayner with their concerns over the Renters’

View Full Article: Charities urge Labour to tackle ‘discriminatory’ PRS guarantor rules