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UK house prices plunge at the fastest pace in 13 years

UK house prices plunge at the fastest pace in 13 years...

The UK property market saw the average house price drop by 2.1% in the year to November, data from the Office for National Statistics (ONS) reveals. This was the third month in a row that house prices...

0:02 AM, 18th January 2024, About 6 months ago |  0

House PricesLatest Articles
Tenants see rents hit record highs in 2023 – ONS

Tenants see rents hit record highs in 2023 – ONS...

Tenants in the UK are feeling the pinch as private rent prices reached record highs in the year to December 2023, the Office for National Statistics (ONS) reveals. The ONS reports that rents rose by 6.2%...

0:01 AM, 18th January 2024, About 6 months ago |  3

Latest ArticlesLettings & ManagementRent Prices
Rent rises set a record in 2023 amid landlord costs and housing shortage

Rent rises set a record in 2023 amid landlord costs and housing...

Renters in the UK paid an extra £1,488 per year on average in 2023 as rent prices soared by a record high of 10.2% year-on-year in December, according to a new report. The research from Hamptons, found...

9:40 AM, 17th January 2024, About 6 months ago |  3

Latest ArticlesLettings & Management
Zephyr and TMW cut BTL mortgage rates

Zephyr and TMW cut BTL mortgage rates...

Zephyr Homeloans has lowered its rates on two-year and five-year fixed rate mortgages for properties with high EPC ratings. The specialist BTL lender is offering 4.80% on a two-year, fixed rate, standard...

9:27 AM, 17th January 2024, About 6 months ago |  3

BTL mortgagesLatest Articles
Landlords eye expansion as BTL market stays strong

Landlords eye expansion as BTL market stays strong...

More than a quarter of landlords are looking to expand their property portfolios in 2024 because the UK’s buy to let (BTL) market is resilient, a study reveals. The survey by Butterfield Mortgages...

0:04 AM, 17th January 2024, About 6 months ago |  0

Buy to Let NewsLatest ArticlesProperty Investment News
Welsh Government urged to include existing flats in fire safety reforms

Welsh Government urged to include existing flats in fire safety...

The Welsh Government has launched a consultation on new fire safety regulations for high-rise buildings, following the ban on some combustible materials in 2018. The new rules would cover more materials,

0:03 AM, 17th January 2024, About 6 months ago |  0

Latest ArticlesWales
More homeowners turn to lodgers amid cost-of-living crisis

More homeowners turn to lodgers amid cost-of-living crisis...

There has been a massive jump in the number of homeowners who are renting out their spare rooms to lodgers with an 89% rise in such listings between January 2021 and January 2024, one flat sharing site...

0:02 AM, 17th January 2024, About 6 months ago |  0

Latest ArticlesLettings & Management
Scottish property tax revenues soar

Scottish property tax revenues soar...

The Scottish Government collected more than £600m from property taxes in the last year, a leading property firm has revealed. DJ Alexander Ltd, the country’s biggest lettings and estate agency,

0:01 AM, 17th January 2024, About 6 months ago |  0

Latest ArticlesScotland
MT Finance is the latest BTL lender to cut rates

MT Finance is the latest BTL lender to cut rates...

MT Finance is the latest buy to let lender to announce a rate reduction on its 16 BTL products, effective immediately. The specialist lender has cut rates by 1% and now offers mortgages starting from 4.65%...

10:16 AM, 16th January 2024, About 6 months ago |  0

BTL mortgagesLatest Articles
London’s letting agents face the most competition and the highest demand

London’s letting agents face the most competition and the...

London and Wales have seen the biggest rise in letting agent numbers in the past year, with a 4% increase each, research reveals. The study from Zero Deposit shows this percentage translates to a much...

9:47 AM, 16th January 2024, About 6 months ago |  0

Latest ArticlesLettings & Management
Landlords are owed an average of £725 in arrears

Landlords are owed an average of £725 in arrears...

A survey has found that nearly 60% of UK landlords have seen a rise in late rent payments due to the current financial situation, and that landlords are each owed an average of £725 in arrears. The research...

9:31 AM, 16th January 2024, About 6 months ago |  4

Latest ArticlesLettings & Management
Region with the best house price growth in Britain revealed

Region with the best house price growth in Britain revealed...

One region has outperformed all other regions of Britain in terms of house price growth since the Bank of England began to hike interest rates in December 2021, a study reveals. According to GetAgent.co.uk,

0:02 AM, 16th January 2024, About 6 months ago |  0

House PricesLatest Articles
UK rental market to remain strong despite supply recovery

UK rental market to remain strong despite supply recovery...

The UK rental market is expected to see solid growth in 2024, despite a gradual recovery in supply, according to Knight Frank. The property consultancy said that landlords had exited the sector in recent...

0:01 AM, 16th January 2024, About 6 months ago |  1

Latest ArticlesLettings & Management
Buy to let incorporations surge despite property market slump

Buy to let incorporations surge despite property market slump...

The property market saw a decline in the number of homes purchased by landlords in 2023, but this did not stop the growth of buy to let companies with a record 50,004 new limited companies being formed,

10:23 AM, 15th January 2024, About 6 months ago |  0

Landlord Tax PlanningLatest ArticlesLettings & Management
Another council imposes higher Improvement Notice fees

Another council imposes higher Improvement Notice fees...

The council of Bath & North East Somerset (B&NES) has announced that landlords who do not maintain their rented properties to the required standards will have to pay more fees. This is part of...

10:10 AM, 15th January 2024, About 6 months ago |  1

Latest ArticlesLettings & Management
Private landlords can help end homelessness in Wales – Propertymark

Private landlords can help end homelessness in Wales –...

Propertymark has responded to a Welsh Government White Paper on Ending Homelessness which outlines its plans to reform the legislation on homelessness prevention. The organisation has expressed its support...

9:51 AM, 15th January 2024, About 6 months ago |  8

Latest ArticlesWales
New home sellers boost UK property market with price rise

New home sellers boost UK property market with price rise...

The UK’s property market has seen a surge of new sellers and buyers entering the market in January to boost prices by more than double the 20-year average of +0.6%, Rightmove says. The property platform...

9:10 AM, 15th January 2024, About 6 months ago |  0

House PricesLatest Articles
Landbay cuts BTL mortgage rates twice this week

Landbay cuts BTL mortgage rates twice this week...

Landbay has reduced its rates for various buy to let mortgages twice in one week, offering more competitive deals for landlords. The specialist lender has lowered its rates for the standard two-year range...

9:50 AM, 12th January 2024, About 6 months ago |  0

BTL mortgagesBuy to Let NewsLatest Articles
Rents fall slightly in December to offer tenants ‘a minor win’

Rents fall slightly in December to offer tenants ‘a minor...

The UK’s rents for new tenancies dipped by 0.9% in December 2023, reaching £1,268 which is still 8.01% more than the same month in 2022, the HomeLet rental index reveals. The average rent, excluding...

0:05 AM, 12th January 2024, About 6 months ago |  2

Latest ArticlesLettings & ManagementRent Prices
Lambeth Council fails tenants with its complaint handling, says Ombudsman

Lambeth Council fails tenants with its complaint handling, says...

Lambeth Council has been criticised by the Housing Ombudsman for its inconsistent and inadequate complaint handling from its tenants, despite making some improvements. The Ombudsman launched an inspection...

0:03 AM, 12th January 2024, About 6 months ago |  0

Latest ArticlesLettings & Management

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