Landlords urged to ‘fast-track’ evictions through High Court
A coalition of property sector groups and bailiffs, led by bailiffs’ group the High Court Enforcement Officers Association (HCEOA), and the National Residential Landlords Association (NRLA), is advising landlords to consider going straight to the High Court for possession orders, and miss out overloaded and backlogged county courts. Landlords have the option to ‘transfer up’ […]
Steep Rise in Storage Space Rental
There has been an explosion of storage units around the world and the UK has more storage units than any other country in Europe. Perhaps we’re a nation of hoarders, but a Royal Institute of British Architects survey found that we also fold ourselves into smaller homes than the rest of the continent. As houses […]
Mortgage Momentum
UK interest rates could be heading sharply downwards – thanks to a combination of sticky inflation and the feared fallout from Trump’s tariff plans said James Sillars on Sky News. “Financial markets have priced in a 100% chance “ of a quarter point cut from 4.5% to 4.25% at the next BoE meeting on the […]
Leasehold imperfect but ‘still better than commonhold’
Labour’s much anticipated Commonhold White Paper sets out the bold ambition to make commonhold the default form of flat ownership in England and Wales. However respected property insider Simon Gerrard maintains this risks handing residents responsibilities they may not want, or can’t handle, and that whilst the leasehold system is far from perfect, the Government’s […]
Massive Boost To The Local Economy
The announcement that Universal Studios is to build Europe’s first Universal Theme Park on the 476 acre former Kempston Hardwick brickworks site has been celebrated by business leaders, politicians and locals alike with Universal’s own consultation having received a record 6,000 responses, with 92% of people showing support. This massive project is expected to bring […]
Changing legal status of landlords.
The number of limited companies set up to hold buy-to-let property investments has surpassed 400,000, making it the most dominant small company type registered. Latest figures have revealed another hike in the number of buy-to-let landlords setting up a limited company through which to operate their rental portfolio. And whilst this used to be primarily […]
Increasing calls for Section 24 to be repealed
Ten years ago, the Finance Act 2015 introduced a provision that would send shockwaves through the rental market – one whose impact is really being felt today. That provision, Section 24, restricted finance cost relief for individual landlords, creating the conditions for the rental crisis we see unfolding before us. Before Section 24, landlords were […]
Despite Trumps Tariffs, interest rates will go down gradually, says Bank.
The Bank of England held UK interest rates at 4.5% last week as it warned that increased economic and global trade uncertainty has intensified. Its decision to hold rates was widely expected, but governor Andrew Bailey said the Bank still believed rates were “on a gradually declining path”. Economists are predicting two more rate cuts […]
Natural England to be given powers to seize green areas.
Britain’s environmental regulator will be given powers to seize farmland, allotments and other green spaces for nature restoration projects, as part of wide-ranging changes to planning laws. In a bid to offset damage caused by new buildings, Natural England will be given powers to compulsorily purchase land elsewhere in the country to rewild or turn […]
Treasury Minister Admits Rents Are Rising Due To Supply-Demand Imbalance
Responding to a parliamentary written question, Treasury Minister Emma Reynolds said “Rental prices are ultimately determined by the total supply of housing, relative to demand.” Her comment comes as figures from Zoopla show that there are an average of 12 renters chasing each home for rent, double the level seen before the pandemic. Even the […]
