Newly Built Properties

Declining Interest In Newly Built Properties

There’s been a four-year decline in interest in newly built properties, a conveyancing company claims. The percentage of homes purchased over the past four years that were new builds were: 2021 -14.35%; 2022 – 13.68%’; 2023 – 11.18%; and 2024 – 10.39%. The company, Bird & Co, claims that interest in newly built properties reached its highest point in February of 2024, accounting for 13% of inquiries. The government’s 2025… Continue Reading Declining Interest In Newly Built Properties

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Higher Capital Gains Tax

Higher Capital Gains Tax Threat On Rental Reform

The immediate part president of ARLA Propertymark says the government has spooked the private rental sector with its programme of reform and the threat of higher Capital Gains Tax. Greg Tsuman – director of lettings at the Martyn Gerrard agency and the most recent ARLA president – says:“It remains crucial for the government to do more to keep landlords in the market, and the most impactful thing it could do… Continue Reading Higher Capital Gains Tax Threat On Rental Reform

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Rental Fraud Scam

Rental Fraud Scam Loses Tenants Millions

Consumer organisation Which? claims there are some 1,000 reports of rental fraud scam a month at this time of year. It says the start of the academic year sees a scramble to secure accommodation from students making last-minute choices on iniversities and colleges.  Which? calculates that this leads to £2.7m lost as prospective tenants pay deposits or so-called viewing fees to fake landlords, often advertising on social media and then… Continue Reading Rental Fraud Scam Loses Tenants Millions

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AntiSocial Behaviour

AntiSocial Behaviour Definition To Widen

It appears that a “wider range of behaviours” are likely to be taken into account in future when tenants are considered for eviction on grounds of antisocial behaviour. In a debate hosted by the Levelling Up, Housing and Communities Select Committee – an all-party group of MPs scrutinising the new Renters Reform Bill – officials from the Department of Levelling Up, Housing and Communities explained how judges will be able… Continue Reading AntiSocial Behaviour Definition To Widen

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New Licensing Rules

Landlord Law Expert Attacks New Licensing Rules

Landlord sector figure Phil Turtle says the new selective licensing rules are nothing more than ‘council money-raising schemes.’ Councils in England are now able to introduce selective licensing schemes without first gaining the Secretary of State’s permission, a new policy that a leading landlord law expert has slammed. Councils must still, though, adhere to a mandatory 10-week public consultation period before introducing a scheme. They will also be required to… Continue Reading Landlord Law Expert Attacks New Licensing Rules

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Tenant Fees Act 2019

Tenant Fees Act 2019 Success Claim Rejected

Estate agents are united in their condemnation of a claim that the Tenant Fees Act 2019 has worked and saved tenants £400. Agents reject claims the Tenant Fees Act 2019 is a success, pointing to much higher rents as proof it hasn’t worked. Research had suggested the policy was a success by restricting some agents from charging excessive fees. Academics from Warwick University and Bocconi University in Italy found that… Continue Reading Tenant Fees Act 2019 Success Claim Rejected

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Shared Owners

Shared Owners Would Not Recommend It

A new Shared Ownership Code has been launched, aiming at driving better experiences for shared owners and best practice across the industry. It follows a consumer survey of more than 1,700 current and prospective shared owners, regional consumer focus groups, and a survey completed by 50 industry bodies. Shared ownership – where people buy a share of the property and pay rent to a landlord on the rest – was… Continue Reading Shared Owners Would Not Recommend It

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Landlord Schemes For Licensing

Landlord Schemes For Licensing As Labour Caves In

From next week local councils will have the freedom to introduce draconian PRS landlord schemes for licensing without even asking the government. The news – slipped through by the government in an update to guidance issued to local authorities – means councils will no longer even have to ask the Secretary of State for Housing for consent. The Ministry of Housing, Communities and Local Government says that a “local housing… Continue Reading Landlord Schemes For Licensing As Labour Caves In

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Carbon Monoxide Alarm Requirements

Smoke And Carbon Monoxide Alarm Requirements

From this month, private tenants in Northern Ireland will have sufficient smoke, heat and carbon monoxide alarms installed in their homes for the first time as part of the Smoke, Heat and Carbon Monoxide Alarm requirements for Private Tenancies Regulations (Northern Ireland) 2024. A statement from Propertymark says this represents a breakthrough as the regulations are the first piece of legislation covering sections seven to 12 of the Private Tenancies… Continue Reading Smoke And Carbon Monoxide Alarm Requirements

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EPC Clampdown

EPC Clampdown On Private Rental Sector

The government has confirmed that it wants tough new EPC clampdown targets for the private rental sector. It says that up to 500,000 private rental households will be “lifted out of poverty” by 2030, with tenants “£240 better off per year.” Ed Miliband’s Department of Energy Security and Net Zero has this morning launched an official consultation on proposals to mandate all private landlords in England and Wales to meet… Continue Reading EPC Clampdown On Private Rental Sector

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Labour Rent Reforms

Labour Rent Reforms Create Worse Court Delays

Legal concerns continue to mount following the launch of Labour rent reforms, with growing worries about how the court system will cope. Greg Simms, Real Estate Disputes Partner at large firm Addleshaw Goddard, says: “As widely reported, the Labour rent reforms remove the ability of landlords to serve section 21 notices. “The consequence of this will be that Accelerated Possession Proceedings without a court hearing will be a thing of… Continue Reading Labour Rent Reforms Create Worse Court Delays

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Stamp Duty Deadline Date - CHG

Renters Rush To Beat Stamp Duty Deadline Date

Rightmove says there are signs of first-time buyers rushing to beat the stamp duty deadline date next April. In the Autumn Budget it was confirmed that stamp duty thresholds in England would lower from next spring, and the rate at which properties will be exempt from stamp duty would drop from £425,000 to £300,000. First-time buyers in higher-priced areas of England – many of them currently renting – are likely… Continue Reading Renters Rush To Beat Stamp Duty Deadline Date

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Private Rented Database

Private Rented Database Won’t Work Unless Done Properly

NRLA boss says looming private rented database within Renters’ Rights Bill can’t just be a ‘bureaucratic list’ if it is to be of any use. The Government’s plans for a database of private rented properties will provide little help to tenants unless the information within them provides meaningful information, says National Residential Landlords Association’s boss Ben Beadle. He made the comments at The Negotiator Conference on Friday. The warning comes… Continue Reading Private Rented Database Won’t Work Unless Done Properly

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Leaseholder Reforms

Labour Sets Timeline For Leaseholder Reforms

Leaseholder Reforms to hand greater rights, protections and control will be brought forward next year alongside plans to bring the leasehold system to an end, the government says. Housing minister Matthew Pennycook says measures in the Leaseholder Reforms Act will be implemented “at pace” in the new year to allow more leaseholders to buy their freehold or extend their lease without having to wait two years from the point they… Continue Reading Labour Sets Timeline For Leaseholder Reforms

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Section 21 Renters Evicted

Section 21: Small Proportion Of Renters Evicted

The latest edition of the English Housing Survey reveals precisely how relatively rarely Section 21 is used. Data from the survey analysed by Propertymark shows that in 2022-23, some 63% of private renters who had moved in the previous 12 months stated they ended their tenancy by choice. Job-related reasons were the most common driver, followed by wanting a larger property or to live in a better area. Only 9%… Continue Reading Section 21: Small Proportion Of Renters Evicted

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Housing Target

Forecast says Labour will miss housing target

It’s been reported over the weekend that the independent Office for Budget Responsibility predicts Labour will miss its housing target of 1.5m new homes in England by the end of this Parliament. The OBR predicts that 1.3m homes will be built during that time over the whole UK. Looking at England alone, only 1.1m will be built – some 400,000 fewer than Labour’s manifesto commitment. The office says its forecast… Continue Reading Forecast says Labour will miss housing target

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Home Energy Rating System

Home Energy Rating System Consultation

The government has launched a public consultation on a radical new UK home energy rating system to replace the long-standing Standard Assessment Procedure or SAP rating. SAP is the government’s current system for assessing and comparing the energy performance of homes.  It is used in building regulations, to ensure new homes are energy efficient and low carbon and is used to generate Energy Performance Certificates, which have become increasingly controversial… Continue Reading Home Energy Rating System Consultation

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Stamp Duty Hike

Stamp Duty Hike For Buy To Lets

Propertymark has expressed its anger at the Chancellor stamp duty hike on additional homes from 3% to 5%. The measure took effect at midnight.  Angharad Truman, ARLA Propertymark President, says: “We continue to see a growing disparity in the number of private rented homes available against a backdrop of increasing demand from tenants. Therefore, it is disappointing to see that the UK Government did not address this fundamental issue in… Continue Reading Stamp Duty Hike For Buy To Lets

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Lettings Agency Director

Lettings Agency Director Warns Of Landlord Exodus

A prominent lettings agency director says the government needs to realise that higher taxes for landlords mean higher rents for hard-pressed tenants. Greg Tsuman, lettings agency director at Martyn Gerrard Estate Agents, spoke out following the rise in stamp duty on additional homes from 3% to 5%. This was announced in yesterday’s Budget and took effect from midnight. Tsuman says: “The government needs to join the dots – more taxes… Continue Reading Lettings Agency Director Warns Of Landlord Exodus

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Properties Listed For Sale

Properties Listed For Sale Miss New EPC Targets

Over a third of all properties listed for sale currently have an EPC rating below C, climbing to 46% in some major cities. Labour has already pledged that all privately rented properties must hold an EPC rating of C or above by 2030. For those landlords who currently don’t meet this criteria, it’s estimated that the average cost of bringing a rental property up to standard in England currently stands… Continue Reading Properties Listed For Sale Miss New EPC Targets

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