Energy Efficiency In Rental Properties Central Housing Group

People ignorant of EPC ratings despite new rental regulations

With EPC ratings now a prominent part of letting a property, with stricter government regulations likely, new research suggests substantial numbers of landlords and other owners are blissfully ignorant. More than six million homeowners across the UK are unaware of their property’s EPC rating, according to the MyGlazing consumer website.  As winter emerges amidst the worst energy crisis on record, the new research reveals that 43 per cent of owners…

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Affordable Houses Central Housing Group

Six Major Challenges Facing Property Developers

Fresh market analysis has revealed that a -16% drop in construction workers is just one of many challenges currently facing Britain’s housebuilding industry; a list that includes the rising cost of materials and the notorious EWS1 form. A declining workforce Over the past five years, the size of Britain’s construction industry workforce has shrunk by -3%, falling from 2.27m in 2017 to 2.21m in 2022. Even more startling is the…

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Rent Regulation Central Housing Group

Halifax House Price Index: Uncertainty Encourages Property Owners to Delay Transaction Decisions

Average house prices fell in October, the third such decrease in the past four months. The drop of -0.4% is the sharpest we have seen since February 2021, taking the typical property price to a five-month low of £292,598. While the pace of annual growth also continued to ease, to +8.3% compared to +9.8% in September, average prices remain near record highs. Though the recent period of rapid house price…

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Proposal To Introduce Rent Controls Central Housing Group

How Lenders Are Preparing for A Complicated Property Landscape

In the UK, property is never far from the headlines. However, in times of broader economic disquiet, the market comes under even greater scrutiny. And so it is that speculation is rife around the future prospects of property on these shores. It should not be understated how the wedded challenges of spiralling inflation and rising interest rates will influence how finance works for the foreseeable future. Inflation will take a…

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Campaign For Rent Controls Central Housing Group

Rent Controls Fail Worldwide – agent lists disastrous consequences

A lettings agency chief has listed how rent controls have failed across the world. Writing in The Scotsman, David Alexander – chief executive of DJ Alexander, part of the Lomond Group – makes a withering attack on the concept of rent controls now applies by the Scottish Government. Alexander ridicules the government’s view that only “vested interests” are opposing rent controls. Alexander says: “The ‘vested interests’ that include Scottish councils…

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Unlicensed Properties Central Housing Group

London council kicks off three month licensing consultation

Over the next three months Redbridge council in London is consulting on proposals to renew selective licensing in the borough. It says its aim is to ensure that all rented properties are safe and well managed. Councillor Vanisha Solanki, Cabinet Member for Housing and Homelessness, says: “The consultation is of huge importance as it will help inform the next steps of achieving our wider objective which is to improve the…

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Investors Central Housing Group

UK Economy Shrinks 0.2% Between July & September

UK recession is looking more likely as the economy shrank 0.2% in the three months to September. This essentially means we’re more firmly on track to be in a recession by the end of the year. The most notable downturns came from a slowing in the services sector, driven by a fall in consumer facing services. Production also fell sharply. The stark takeaway is that real household spending dropped 0.5%.…

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Smoke And Carbon Monoxide Alarm Regulations

Carbon Monoxide Awareness Week: Everything landlords need to know – Originally Posted by NRLA

Carbon Monoxide. It can’t be seen, tasted or smelt, but it is estimated that over 200 people are hospitalised with suspected CO poisoning each year in the UK alone, leading to 60 fatalities. Carbon Monoxide Awareness Week runs from 21-27 November and is organised by the All-Party Parliamentary Carbon Monoxide Group (APPCOG). The campaign aims to raise awareness of the so-called ‘silent killer’, and to help consumers and the public understand more…

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Thousands Of Renters CHG

Decent Homes Standard – councils need massive resources to enforce it

Propertymark backs government plans to introduce a social housing-style Decent Homes Standard in the private sector.   But it says there must be a huge boost in government funding to allow councils to enforce the standard adequately. Timothy Douglas, Propertymark policy director, says: “It’s hard to find a reason not to support greater standards for homes within the private rented sector.  “Tenants should expect a certain standard when renting from any…

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Affordable Houses Central Housing Group

Growth of Build To Rent is symbol of changing Britain – claim

The growth of the Build To Rent sector is a symbol of a changing Britain, in says one of the players in the BTR industry Paul Staley – director at Wise Living – says recent research by the British Property Federation shows that BTR homes will rise in number from 76,800 to over 380,000 in the next decade. He comments: “With the ongoing housing crisis, interest rate hikes on mortgages…

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Rent Caps Central Housing Group

Big rise in lettings enquiries to The Property Ombudsman

The Property Ombudsman has reported a big rise in enquiries over last year and a huge rise since the pre-Covid year, 2019. Demand for help and advice from TPO rose by 15 per cent in 2021 to 45,007 enquiries, and has risen by a staggering 48 per cent since 2019.   Throughout 2021, TPO’s consumer enquiry services, delivered through its portal and directly by the enquiries team, fielded 45,007 enquiries.  Some…

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EPC Upgrades Central Housing Group

Change EPCs and use stamp duty to make homes greener – call

With the private rental sector stressed at the prospect of stricter energy efficiency rules in the coming years, the body representing mortgage lenders has called for a dramatic overhaul. UK Finance has issued a new report calling for: Amended Stamp Duty Land Tax to incorporate the property’s energy demand and carbon emissions. Stamp Duty rebates should become available if energy efficiency improvements are completed within two years of property purchase. The…

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NRLA Banner Rental Reform Central Housing Group

Minister Delivers First Speech at NRLA Conference – Originally Posted by NRLA

On Tuesday 15 November the Coventry Arena played host to the NRLA’s first national conference, attended by more than 500 delegates, speakers, and exhibitors including the latest minister for the private rented sector Felicity Buchan MP. Given ministers’ busy schedules, it is always somewhat of a relief when they arrive at a scheduled speaking engagement, and on this occasion her attendance was especially reassuring as she was in fact the…

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Fire warning as agents and landlords mark Fire Door Safety Week

A safety training service is warning of “alarming statistics” showing an increase in the number of fires and fatalities and a significant number of failed fire door inspections. Pat Jefferies, commercial director at Abloy UK, says: “Abloy is a big Fire Door Safety Week supporter and we promote the crucial importance of fire doors in saving lives and protecting property – not just during the initiative but all year round.…

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Change EPCs and use stamp duty to make homes greener – call

With the private rental sector stressed at the prospect of stricter energy efficiency rules in the coming years, the body representing mortgage lenders has called for a dramatic overhaul. UK Finance has issued a new report calling for: Amended Stamp Duty Land Tax to incorporate the property’s energy demand and carbon emissions. Stamp Duty rebates should become available if energy efficiency improvements are completed within two years of property purchase. The…

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Energy Efficient Buy To Lets

UK Finance wants Stamp Duty refund for net zero homes

Stamp duty rebates should become available if energy efficiency improvements are completed within two years of property purchase. Stamp Duty rebates should become available if energy efficiency improvements are completed within two years of property purchase, says UK Finance. The radical plans are put forward in its latest report by the lender trade group to achieve a Net Zero housing stock. The report, Net Zero Homes: Time for a Reset, provides a series of…

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Sadiq Khan’s ‘rental summit’ excludes agents and landlords

Labour’s Mayor of London, Sadiq Khan, held a summit yesterday about the capital’s private rental sector – but he did not invite agents or landlords. The event, unpublicised until very shortly before it started, apparently involved renters, charities and so-called ‘advocacy groups’ according to a statement from Khan’s office. He said that the average advertised London rent has hit £2,343 a month, more than double some other parts of the…

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Rent Cap Central Housing Group

Not all landlords are wealthy! Message to politicians and officials

Propertymark’s head of policy and campaigns, Timothy Douglas, will explain how investment in the private rented sector can be better incentivised when he speaks at the Westminster Social Policy Forum next week. The forum will bring together MPs and senior government officials with property sector stakeholders to discuss the way forward following the publication of the government’s ‘A Fairer Private Rented Sector’ White Paper at the start of the summer. “Private landlords…

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EPC Upgrades Central Housing Group

Pass-through regulations published on energy bill support – Originally Posted by NRLA

The Government has introduced legislation that requires landlords to pass-on the benefits of measures brought in to help with energy costs to tenants, in response to rising prices. Landlords who do receive the benefit of energy support schemes must contact their tenants by November 30, or within 30 days of receiving the benefit and inform them about the requirements, the amount to be passed on and other key information. Background…

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Energy Efficient Homes Central Housing Group

Spread of Green Mortgages key to improving rental sector EPCs

Green mortgage discounts could be a key tool in helping landlords make the energy efficiency upgrades necessary to achieve an EPC rating of C or above, according to new research from Shawbrook. Four in 10 landlords would like to see the lending industry introduce mortgage discounts for properties with better EPC ratings.  Under current government proposals, buy to let properties will need to have an EPC rating of C or…

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