Bank of England reduce Bank Base Rate by 0.25% despite inflationary Budget

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The Bank of England’s Monetary Policy Committee (MPC) Hawks won out today voting by 8 – 1 to reduce the Bank Base rate by 0.25% from 5% to 4.75%.

This was despite a recent Labour Budget widely perceived as inflationary as the Bank of England projects the measures announced by Chancellor Rachel Reeves to add 0.5% to the inflation figures.

View Full Article: Bank of England reduce Bank Base Rate by 0.25% despite inflationary Budget

UK house prices hit new record high

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The average UK house price edged up 0.2% in October despite the economic uncertainty, marking the fourth consecutive monthly increase, Halifax reveals.

It means a typical property price has reached a new record high of £293,999.

View Full Article: UK house prices hit new record high

Shawbrook expands commercial loan offerings for landlords

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Shawbrook Bank has unveiled a series of enhancements to its commercial investment products, designed to bolster support for property investors aiming to diversify and grow their portfolios with commercial assets.

These changes underscore the lender’s aim to deliver tailored financial solutions across various property types

View Full Article: Shawbrook expands commercial loan offerings for landlords

Estimating Post-Renovation Value of Property

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When planning a renovation to boost a property’s value, it’s crucial to understand how to estimate its end value while considering the time, effort, and cost involved. The numbers need to work in your favour for the project to be worthwhile.

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Professional body pushes for licensing schemes to be doubled to improve housing conditions

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Selective licensing schemes should DOUBLE from five to ten years, says professional body.

The Chartered Institute of Environmental Health (CIEH) supports an amendment by Carla Denyer, co-leader of the Green Party, in the Renters’ Rights Bill to double the duration of licensing schemes

View Full Article: Professional body pushes for licensing schemes to be doubled to improve housing conditions

Renters’ Rights Bill – Impact on purchases and relettings?

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Hello, I see there are many courses running which say ‘Buy, Renovate, Rent out, Remortgage and Buy again’. This model is now broken unless we can find a way of overcoming the effects of the Renters’ Rights Bill, soon to become an Act.

View Full Article: Renters’ Rights Bill – Impact on purchases and relettings?

JLL forecasts a 17% rent rise over the next five years

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Despite a rapid rise in rents over the past three years, real estate firm JLL is forecasting that rents will increase by 17% over the next five years.

Its latest ‘Residential Forecast 2025-2029’ shows that while UK rents surged by 27% in the five years to September 2024

View Full Article: JLL forecasts a 17% rent rise over the next five years

New student referencing tool for landlords launched

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A new referencing tool specifically designed for student landlords aims to simplify the tenancy process for both agents and students.

Vouch’s student reference package includes essential checks like ID verification, eliminating unnecessary procedures like credit checks and salary verification that are typically required for salaried tenants.

View Full Article: New student referencing tool for landlords launched

Unlocking Support: How Tenants and Landlords Can Work Together to Get Discretionary Housing Payments (DHP) Approved

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Did you know there’s a financial safety net that could help cover rent arrears and prevent tenancies from being put at risk? It’s called the Discretionary Housing Payment (DHP) and Rachel Reeves latest Budget has added 1 Billion extra pounds to the available pot.

View Full Article: Unlocking Support: How Tenants and Landlords Can Work Together to Get Discretionary Housing Payments (DHP) Approved

Most landlords not deterred from investing after SDLT rise

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While the looming threat of a capital gains tax (CGT) hike had landlords worried in the lead-up to last week’s Autumn Budget, the increase in stamp duty on second homes seems to be a lesser concern.

A survey from estate and letting agents Benham and Reeves found that nearly one-fifth (19%) of landlords had paused their buy to let investment plans due to the potential CGT increase.

View Full Article: Most landlords not deterred from investing after SDLT rise