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Scotland brings in its Short-Term Lets Licensing Order...

Scotland will be the first country in the UK to officially monitor short term lets by requiring all councils to have an operational licensing system in place. The Short-Term Lets Licensing Order takes...

Rental market is ‘still underpinned by high demand’...

Demand from tenants for a home to rent is creating a market that is like a ‘pressure cooker getting hotter’. That’s the verdict from Nathan Emerson, the chief executive of Propertymark,

Land Transaction Tax threshold in Wales has been increased...

Anyone buying a home for less than £225,000 in Wales will pay no tax, the Welsh Government has announced. The threshold for paying Land Transaction Tax (LTT) is being increased from £180,000 to £225,000...

The housing market is becoming a buyers’ market...

The UK’s housing market is slowly transitioning into a buyers’ market as higher mortgage rates hit household buying power by up to 28% – and asking price reductions return to pre-pandemic...

Bank of England steps in to calm markets...

The Bank of England has revealed that it is launching a bond-buying programme in a bid to prevent ‘material risk’ to the UK’s financial stability. The bank says it is going to restore ‘orderly...

Rising interest rates are squeezing landlord profits...

Rising interest rates are eroding the profitability of buy-to-let for mortgaged landlords and they are increasingly having to buy properties in higher yielding parts of the country, one survey suggests.

Britain’s rental stock falls by more than 40% in just three...

Britain’s rental stock has declined by more than 40% in the past three years leaving the market severely depleted compared to the pre-pandemic years, research reveals. The findings from Research from...

Keir Starmer promises clampdown on BTL landlords...

The leader of the Labour Party, Sir Keir Starmer, says his government will clamp down on buy to let landlords if his party takes power. In his speech to the party conference in Liverpool, Sir Keir said...

Labour ‘demonises landlords’ and will empower tenants...

Labour has unveiled plans to deliver a new renters’ charter and a decent homes standard for the country’s private rental sector. But the criticism at the party’s conference in Liverpool...

Fixed-term tenancies MUST remain says The Lettings Industry Council...

The Lettings Industry Council (TLIC) says that if Section 21 is to be abolished under Government proposals, then fixed term tenancies should remain to help negate many of the unintended consequences –...

Landlords worry they can’t afford green property upgrades...

Rising costs are piling the pressure on private landlords who say they can’t afford to implement the measures needed to improve their rental property’s EPC rating, a bank says. The Secure Trust...

Rightmove says house prices jumped by £2,587 in September...

The average price of property coming to the market grew by 0.7%, or £2,587, in September to £367,760, the Rightmove House Price Index reveals. The figures show that middle and high-end market sectors...

Holiday let deals rise as more lenders enter the market...

Buy-to-let landlords will find more lenders have come on board to cater to the growing demand for UK holidays, research reveals. According to an analysis by Moneyfacts.co.uk, there are now more than 300...

Student management company ordered to repay £84,000 for unlicensed...

A student accommodation management company has been handed a harsh punishment that will cost them £84,877 for not having an HMO license. The First Tier Tribunal issued a rent repayment order but accepted...

City council set to approve ‘points-based’ rent controls...

A tenant-led commission set up by a city council to tackle rising rents has delivered a report with 16 recommendations – including the introduction of a points-based system of rent controls. The...

House prices fall by as much as £13,000 a month in some areas...

While house prices continue to climb across the UK, some pockets of the property market have seen thousands of pounds being wiped off the average value of a home on a monthly basis, research reveals. The...

Shelter calls for the unfreezing of housing benefit...

Nearly 1.1 million private renters in England – that’s one in seven – had their rent increased in the last month, a report from Shelter reveals. The charity’s research shows millions of...

First time buyers to continue renting for two extra years...

The homebuying dream for first-time buyers (FTBs) has been delayed by nearly two years due to the cost-of-living crisis, research reveals. This means that most of those trying to save for a home of their...

Demand for ‘bills included’ rental properties goes...

Demand for rental homes across the capital with bills included within the cost of renting has climbed considerably since April, research reveals. The findings from lettings and estate agent, Benham and...

Bank of England increases interest rate to 2.25%...

The Bank of England has increased interest rates in the UK by 0.5 percentage points, to 2.25% – that’s the highest level for 14 years. The move has been made in a bid to tackle soaring prices...

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