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Landlord Property News

The Government has launched a new version of the How to Rent guide for the private rented sector in England.

The How to Rent guide is designed to help tenants understand the process of renting a property in the private rented sector.

Read more: https://www.netlett.co.uk/how-to-rent-guide-june-2018/


The UK faces its biggest shortfall for housing on record with backlog of 4 million homes, research shows

England needs to build 340,000 homes every year until 2031 to meet demand

Read more: https://www.independent.co.uk/news/uk/home-news/housing-homeless-crisis-homes-a8356646.html


According to Halifax the UK’s housing market cools unexpectedly in April

British house prices were up 2.2 percent last month compared with the same period a year ago, compared with 2.7 percent in March and undercutting all forecasts in a Reuters poll of economists that had pointed to a reading of 3.3 percent.

Read more: https://uk.reuters.com/article/uk-britain-economy-housepriceshouseprice/uk-housing-market-cools-unexpectedly-in-april-halifax-idUKKBN1I90OY


A pool of wealth: check out how the super-rich are digging down

In London’s richest boroughs vast subterranean enclaves are being carved out over several floors to house cars, wine, saunas and private nightclubs.

Read more: https://www.theguardian.com/money/2018/may/07/pool-basement-wealth-super-rich-digging-down-london


New reports shows even social housing is unaffordable now in some parts of England

The guardians reports show councils are under pressure as homelessness increases and housing options decrease

Read more: https://www.theguardian.com/housing-network/2018/apr/24/even-social-housing-unaffordable-england-homelessness


London’s first housing market slump since 2009 weighs on UK price growth

Official statistics have revealed that the growth of house prices has fallen, dragged down by the first annual fall in London house prices since 2009.

Read more: https://www.telegraph.co.uk/business/2018/04/18/londons-first-housing-market-slump-since-2009-weighs-uk-price/


Reports from RICS say that Stamp duty and Brexit have immensely slowed down the London market

Across Britain demand has fallen for the 12th month in a row

Read more: https://www.theguardian.com/business/2018/apr/12/surveyors-issue-most-downbeat-assessment-of-housing-market-for-five-years


The number of buy-to-let landlords has reached a record high despite tax hike

The government introduced 3% Stamp Duty levy, new stress tests for home loans, and ended mortgage interest tax relief

Read more: https://www.independent.co.uk/news/business/news/housing-market-buytolet-landlords-investors-record-high-despite-tax-hike-stamp-duty-a8292146.html


After fearing young people could be made homeless, housing benefit to be restored for 18 to 21-year-olds

The controversial policy which was first unveiled by David Cameron in 2014 – has been dropped in a bid for reassuring young people’ they will receive the support for housing costs that they require.

Read more: https://www.independent.co.uk/news/uk/politics/housing-benefit-young-people-restored-universal-credit-homelessness-david-cameron-a8279301.html


London property slump most widespread since financial crisis

House prices falling in almost half of all postcodes in the capital, figures reveal

Read more: https://www.theguardian.com/money/2018/mar/27/london-property-slump-most-widespread-since-financial-crisis


Indian architect Balkrishna Doshi say low-cost housing needs dignity

The winner of architecture’s “Nobel prize”, Balkrishna Doshi, has called on his profession to rethink the way it approaches building for the most impoverished communities.

Read more: https://www.theguardian.com/global-development/2018/mar/12/low-cost-housing-needs-dignity-indian-architect-balkrishna-doshi


The 0% city: how Manchester developers dodge affordable housing

The revelation that none of Manchester’s 15,000 planned houses qualify as ‘affordable’ is no surprise if you look at the city’s relaxed attitude towards developers

Read more: https://www.theguardian.com/cities/2018/mar/06/the-0-city-how-manchester-developers-dodge-affordable-housing


Recent figures show a 31% increase in market sale by housing associations

Housing associations sold 31% more homes on the open market in the last quarter than the previous one, the Regulator of Social Housing (RSH) has said.

Read more: https://www.insidehousing.co.uk/news/news/31-increase-in-market-sale-by-housing-associations-54953


How does renting in the UK compare with the rest of Europe?

More young people are renting, as home ownership among people aged 25-34 has collapsed over the past two decades.

Read more: http://www.bbc.co.uk/news/uk-43075176


London leads house price crash into ‘the red zone’ as market records worst performance since financial crisis

Fresh data today showed annual UK house prices fell for the first time in six years at the start of 2018 amid a slump in demand.

Read more: https://www.standard.co.uk/front/london-leads-house-price-plunge-into-the-red-zone-as-market-records-worst-performance-since-a3764586.html


Sadiq Khan: ‘Londoners to get first dibs on new homes’

A group of builders and housing associations has offered to sell homes worth up to £350,000 only to Londoners for their first month on the market.

Read more: http://www.bbc.co.uk/news/uk-england-london-42942552


Social housing properties in England drops 11% in one year

The number of homes available for social rent in England has dropped 11 per cent in just 12 months, plunging the amount of cheaper housing to a record low.

Read more: http://www.independent.co.uk/news/uk/home-news/social-housing-homes-properties-rent-let-drop-year-goverment-cheaper-families-a8185456.html


Who said property is expensive?

Check out these wonderful places in Scotland. Maybe it’s a change that is needed.

Read more: https://www.scotsman.com/lifestyle/homes-gardens/in-pictures-10-of-the-cheapest-properties-in-scotland-1-4676270


The ‘How to Rent Guide’ has been updated

A ‘How to Rent Guide’ is designed for tenants and landlords in the private rented sector to help them understand their rights and responsibilities. It provides a checklist and more detailed information on each stage of the process.

Read more: https://www.gov.uk/government/publications/how-to-rent

To download the latest version, please click here.


Update on tenant fee/letting fee ban.

There’s a relief in the air for agents as the letting fee ban has been postponed until Spring 2019. This gives agents time to prepare for these major changes.

Read more: https://www.theprs.co.uk/news/respite-for-agents-as-letting-fee-ban-postponed-until-spring-2019


Is Scotland the place to Invest?

The latest index has shown that the average property price in Scotland has risen 3.6% year on year.

Read more: https://www.propertywire.com/news/uk/average-property-prices-scotland-3-6-year-year-latest-index-shows/


It’s been 10 years since the EPC (Energy Performance Certificate) was introduced for when a property is sold or let.

The Energy Efficiency (Private Rented Property)(England and Wales) Regulations 2015 mean that, from April 2018, private non-domestic (and domestic) landlords must ensure that properties they rent in England and Wales reach at least an EPC rating of E before granting a tenancy to new or existing tenants.

Read more: http://www.arla.co.uk/news/february-2017/government-guidance-on-complying-with-2018-energy-regulations.aspx


Great news for first time buyers as stamp duty will be abolished immediately for first-time buyers buying a home of up to £300,000, Chancellor Philip Hammond has said.

For properties costing up to £500,000, no stamp duty will be paid on the first £300,000.

Read more: http://www.bbc.co.uk/news/business-42079174


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