The latest Halifax House Price Index for November is showing annual price inflation at 8.2%, a monthly increase of 1% and the new UK average house value standing at £272,992. The average house price in Wales has broken the £200k barrier for the first time at £204,148. Russell Galley, Managing Director, Halifax, said: “UK house […]

This week, the House of Lords will scrutinise the Leasehold Reform (Ground Rent) Bill 2021-22. When enacted it will impose onerous penalties and yet it signally fails to tackle what most MPs and the public think is its main purpose. Subject to some exceptions, it will become a civil offence to charge a ground rent […]

I own a flat in a block of 20 flats, where the leaseholders jointly manage the flats under a management company. All the leaseholders are directors in the management company. One of the leaseholders is suing this management company (for disrepair and consequent loss of rent) and though we have made an offer to address […]

The UK Association of Letting Agents (UKALA) has applauded the announcement by Housing Minister Eddie Hughes MP that people living in social housing will be safer in their homes under new rules that will mean smoke alarms must be fitted in all rented accommodation. The announcement means that all housing providers are required by law […]

After having the renewal of the city-wide Liverpool selective licensing scheme rejected by the government in 2019, Liverpool council have been successful with a smaller scheme covering 16 wards of the city. Approximately 45,000 of the original 55,000 properties will be covered. The wards covered include: Central, Riverside, Greenbank, Kensington, Picton, Tuebrook & Stoneycroft, County, […]

Her Majesty’s Revenue and Customs (HMRC) has made a welcome announcement as part of their ‘Building a trusted, modern tax administration system’, a principle first heralded by the government in July 2020. HMRC’s vision is to design a trusted, modern tax system that is simpler, easier to navigate, helps avoid non-compliance and is ‘fit for […]

Hi, I just wondered if there are any articles going up about selective licensing in Southend? Only because I’ve had quite a bad experience and wouldn’t want other people wasting their time. I have spent two days filling out forms and then paid (although only £6) to find out the scheme has been put on […]

I am a Director of an RMC (Right to Manage company) and we recently had a Fire Risk Assessment wherein we were told all 30 Flats were required to have Fire Doors Installed. The Lease states that the individual Leaseholder is responsible for the cost of the door replacement, and I am one of those […]

It’s a fact that more and more landlords over the age of 50 are choosing to sell or scale down their portfolios. either to retire or to change investment strategy to a less ‘hands on’ option, and it’s easy to understand why. The growth we’ve seen in property values over recent months has finally stalled […]

Another advert push for ECO3 and the installation of both gas lines (up to 23m) and new Worcester boilers. Is it REALLY worth doing given the total uncertainty and lack of direction as to where this is all going??? I have some tenants that may be within 23m of an existing gas line that currently […]

Minister for Housing, Christopher Pincher, spoke to the Lords recently about underoccupied property. He wants the properties to be used more efficiently. What happened In 2015 the Finance act penalised landlords and some sold up. There was a large Victorian house off Bedford Hill in Balham which was an HMO. It was home to seven […]

Chancellor, Rishi Sunak, commissioned a report from the Office of Tax Simplification (OTS) to look at ways of simplifying the collection of Capital Gains Tax and IHT. The OTS had recommended in the report that CGT be increased in line with income tax rates to 20% at the basic rate and 40% at the higher […]

Market analysis by real estate debt advisory specialists, Sirius Property Finance, has revealed that the level of social housing being built not only hit a 13 year high prior to the outbreak of COVID-19 but social housing as a percentage of all homes built also hit its highest levels since 2015/16. The analysis of the […]

The Shelter press release below is critical of the winding down of the evictions ban and living costs inflation: Since the Covid restrictions began to lift in June 2021, more than 1,000 callers a day have contacted Shelter’s emergency helpline in England, new data reveals today. The charity’s free helpline, which is part-funded by M&S […]

Hi, Can anyone advise me, please? I use 6-month ASTs with monthly payments which would rollover to monthly periodic, but I’ve had some tenants offering 3 months rent in advance at the start of a 6 month shorthold tenancy. My question, I think I’ve read somewhere that if I accept, the periodic would then become […]

Yes, I know this may be the most ridiculous question. But I ain’t Einstein even though I have 27,000 times more common sense than the Govt and Nottingham City Council. You only know the answer if someone tells you. So come on Ian Narbeth, Chris Possession Friend and all you other Legal experts. I’m talking […]

The Nationwide House Price Index for November is indicating that annual growth has recovered back to 10.0% and up 0.9% month-on-month with the average house price now standing at £252,687. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “Annual house price growth remained strong in November at 10.0%, marginally higher than the 9.9% […]

Like many we were attracted to the idea of property ownership, ‘another way of hedging’ was our MO, we could keep the property for 10 years and then sell make a few bob, pay some tax and all’s well that ends well. Unfortunately, we made several beginners errors, although our biggest mistake was simply the […]

The NRLA has welcomed the Welsh Government’s announcement of a new £30 million funding pot as part of a plan to end homelessness. Local authorities are expected to be able to use this funding to support a nationwide private rented sector leasing scheme. The scheme will allow local authorities to lease properties from private landlords […]

As 2021 draws to a close, Belvoir’s pandemic report reveals the impact of the Coronavirus pandemic on the UK rental market. “Earlier this year Belvoir commissioned property expert Kate Faulkner to review data from the Belvoir rental index as well as quarterly surveys of offices during the pandemic and beyond. This information has been used […]

The Welsh Government will announce a new £30million funding pot over five years for local authorities. Under the Private Rented Sector Leasing Scheme, private property owners will be encouraged to lease their properties to local authorities in return for a rent guarantee and additional funding to improve the condition of their property. Local authorities can then […]