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UK Property Market Summary and Predictions for 2023

UK Property Market Summary and Predictions for 2023

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The UK property market has undoubtedly seen a tumultuous period since the end of 2022. Fluctuating statistics, record-breaking demand, falling supply, and concerning economic projections have left many scratching their heads and wondering: https://www.rw-inv

Need a hoover in a hurry? High-tech kiosk lends renters essentials

Need a hoover in a hurry? High-tech kiosk lends renters essentials

News

Residents of East Village's Build-to-Rent blocks can rent household essentials like vacuums and game consoles via TULU's smart kiosks.

Government targets cities and relaxes planning in bid to solve housing crisis

Government targets cities and relaxes planning in bid to solve housing crisis

News

A new https://www.landlordzone.co.uk/news/government-housing-policies-not-working-for-landlords-or-tenants-mps-are-told/" housing plan would allow shops, takeaways and betting shops to be turned into homes while homeowners would have greater freedoms to carry out property

Gove calls for EPC deadline reprieve to give landlords a break

Gove calls for EPC deadline reprieve to give landlords a break

News

Housing Secretary Michael Gove has suggested a delay in bringing in energy efficiency plans for the private renter sector. Citing financial pressures on landlords, he told The Telegraph that the government should relax the pace of changes to

Landlord with OBE to pay £300,000 fine over 'appalling conditions' at properties

Landlord with OBE to pay £300,000 fine over 'appalling conditions' at properties

News

A veteran landlord with an OBE has been handed a whopping �300,000 fine after two decades of managing illegally converted houses. Nirpaul Riat was given one of the largest ever fines in Hounslow for managing 22 properties where vulnerable tenants lived in appalling conditions.<

Under-cooked Renters (Reform) Bill could be just 'much ado about nothing'

Under-cooked Renters (Reform) Bill could be just 'much ado about nothing'

News

One of the drawbacks of being labelled an expert is you are in demand for your expertise. It becomes your product and when stocks are running low, like we have all experienced when trying to find an egg in the supermarket at the end of the week for your Saturday morning cooked breakfast, th

PRS reforms make evicting rogue tenants more difficult

PRS reforms make evicting rogue tenants more difficult

News

After years of campaigning and lobbying by tenant groups the Government has committed to huge changes for landlords when evicting tenants.

Huge London selective licencing scheme given green light by Gove

Huge London selective licencing scheme given green light by Gove

News

Southwark Council has been given the green light for one of the UKs largest selective licencing schemes. It got approval from Housing Secretary Michael Gove following the introduction last year of a borough-wide additional licensing scheme for HMOs and a small, selective lic

Extra stamp duty clobbering Welsh landlords with �92 million extra tax take

Extra stamp duty clobbering Welsh landlords with �92 million extra tax take

News

Landlords and holiday homeowners continue to be clobbered by a tax grab from the Welsh Revenue Authority. The latest figures show revenue from the higher rate of stamp duty - Land Transaction Tax (LTT) - increased by 50% from �61 million in 2020/21 to �92 million in 2022/23 -

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Lib Dem manifesto promises renters a fair deal

Lib Dem manifesto promises renters a fair deal

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The Liberal Democrats have vowed to make three-year tenancies the default and to require landlords to achieve an EPC C or above by 2028.

mydeposits and No Letting Go launch strategic partnership

mydeposits and No Letting Go launch strategic partnership

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mydeposits partners with No Letting Go to enhance inventory management and deposit protection for landlords and agents.

When does a tenancy legally commence?

When does a tenancy legally commence?

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A tenancy agreement between the landlord and the tenant is just like any other contract, it is legally binding on both parties.

Letting agent's contract renewal email spurs author to write book

Letting agent's contract renewal email spurs author to write book

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A private tenant has been inspired to pen her first novel by a contract renewal email sent by a letting agent - and has even named it after the letting platform involved.

Irony of ironies: Gove 'evicted' from his Ministerial home!

Irony of ironies: Gove 'evicted' from his Ministerial home!

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News
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Housing Secretary Michael Gove faces eviction from his government-owned mansion on 5th July, the morning after the election.

HMO group wins gong for changing official tax policy

HMO group wins gong for changing official tax policy

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HMO Reform Group won a Lifetime Achievement Award at this year’s annual HMO Awards for its campaigning work to change the law on council tax being imposed on individual HMO rooms.

Next Government 'must fund better enforcement of rogue landlords'

Next Government 'must fund better enforcement of rogue landlords'

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Rogue landlords continue to give the sector a bad name because many councils enforce private rented sector standards weakly or not at all, a new report reveals.

Labour to help thousands of tenants get on the property ladder

Labour to help thousands of tenants get on the property ladder

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Labour has revealed an uncosted plan to help 80,000 young renters get onto the property ladder, assuming his party gains power atthe General Election.

WARNING: 'Bashing landlords will make PRS as bad as social homes'

WARNING: 'Bashing landlords will make PRS as bad as social homes'

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Standards in the PRS will soon fall to those in the social sector if regulation and licensing continues to push smaller landlords out, a leading letting agent and landlord has warned.

Spring statement fails to address rental crisis, NRLA says

Spring statement fails to address rental crisis, NRLA says

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The National Residential Landlords Association (NRLA) has labelled the Spring Statement a missed opportunity to improve the chronic supply crisis in the private rented sector.

Landlords see profits soar from downsizing “loophole”

Landlords see profits soar from downsizing “loophole”

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Landlords are profiting by selling before the Renters' Rights Bill, then reinvesting in post-Bill bargains.

Landlords are being brought "into line” - but more needs to be done to tackle PRS pressures, suggests Labour MP

Landlords are being brought "into line” - but more needs to be done to tackle PRS pressures, suggests Labour MP

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The Government has started to “bring landlords into line”, but more needs to be done to tackle the pressures in the private rented sector, a Labour MP has suggested.

One in five tenants borrow money for their deposit

One in five tenants borrow money for their deposit

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One in five renters has borrowed money that needs to be paid back for their five-week cash deposit, putting them in a precarious financial position before moving in.

Landlords struggling with “needlessly complex” HMO licence renewal applications are selling up

Landlords struggling with “needlessly complex” HMO licence renewal applications are selling up

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Landlords struggling with “needlessly complex” HMO licence renewal applications are fed up and selling up, according to Portsmouth & District Landlords Association (PDPLA).

Search for Landlord of the Year begins

Search for Landlord of the Year begins

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The search is on for Landlord of the Year as part of this year’s LIS (Landlord Investment Show) Awards.

Landlords must use new digital tax software, the Chancellor confirms

Landlords must use new digital tax software, the Chancellor confirms

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Landlords will have to use the new Making Tax Digital for Income Tax Self-Assessment system, the Chancellor has confirmed.

Spring statement misses opportunity for landlords

Spring statement misses opportunity for landlords

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The Spring Statement proved a missed opportunity for landlords and stamp duty, it has been suggested.

Tenants warned to know their rights after Chancellor announces more new homes

Tenants warned to know their rights after Chancellor announces more new homes

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Tenants have been warned to know their rights following Chancellor Rachel Reeves’ announcement of a £2billion investment in 18,000 new social and affordable homes.

Scottish landlords weigh rent hikes against void risks

Scottish landlords weigh rent hikes against void risks

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Scottish landlords advised to balance rent increases with potential void periods post-cap removal; market conditions and tenant challenges considered.

Concerns raised about whether new planning reforms go far enough to address housing shortage

Concerns raised about whether new planning reforms go far enough to address housing shortage

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Concerns about whether new planning reforms go far enough to address the country’s housing shortage have been raised by estate agents.

Labour pressured to remove guarantor rights for landlords

Labour pressured to remove guarantor rights for landlords

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Homelessness charities are requesting amendments to the Renters’ Rights Bill that would severely limit landlords’ right to use guarantor agreements

Inflation dips to 2.8%, boosting hopes of interest rate cuts

Inflation dips to 2.8%, boosting hopes of interest rate cuts

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Inflation has dipped, boosting mortgage borrowers’ hopes of more interest rate cuts.

Average asking rents have risen to £557 a week, new Foxton figures have revealed.

Average asking rents have risen to £557 a week, new Foxton figures have revealed.

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Average asking rents have risen to £557 a week, new Foxton figures have revealed.

Flat sales stall amid lack of meaningful progress on unsafe cladding repairs, estate agents warn

Flat sales stall amid lack of meaningful progress on unsafe cladding repairs, estate agents warn

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Many flat sales are stalling due to a lack of meaningful progress on unsafe cladding repairs, estate agents have warned.

Landlords invited to boost business at training day

Landlords invited to boost business at training day

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Landlords are being invited to a “five-star training day” to help them navigate the biggest changes in the rental market for 30 years.

Single-Family Housing market attracts attention amid surge in demand

Single-Family Housing market attracts attention amid surge in demand

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Investors are targeting the Single-Family Housing (SFH) market as the booming sector aims to help fill the PRS shortfall.

Landlord fails in bid to increase tenant’s rent, tribunal rules

Landlord fails in bid to increase tenant’s rent, tribunal rules

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A landlord company has failed in its bid to increase a tenant’s rent by 25% after a First Tier Property Tribunal heard that poor standards would lower the market rent.

NRLA on the road: New events programme to bring the association to you

NRLA on the road: New events programme to bring the association to you

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The NRLA is hosting free "On Tour" events across England and Wales, offering expert advice on upcoming legislation. The first live Listen Up Landlords podcast will also be recorded to mark the NRLA's fifth anniversary. Details for the annual conference will be announced soon.

Landlords turn to HMOs as higher mortgage costs steer them towards larger properties for better returns

Landlords turn to HMOs as higher mortgage costs steer them towards larger properties for better returns

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More landlords are investing in HMOs as higher mortgage costs prompt them to turn to larger properties with better returns.

Landlords' legal action halts licensing scheme

Landlords' legal action halts licensing scheme

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A group of disgruntled landlords in Scunthorpe has succeeded in halting its new selective licensing scheme.

New “crackdown on bad landlords” launched by London council

New “crackdown on bad landlords” launched by London council

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A new “crackdown on bad landlords” has been introduced by a London council.

Tenants are paying £2,195 more on their annual housing costs, says Savills

Tenants are paying £2,195 more on their annual housing costs, says Savills

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Private tenants are paying £2,195 more on their annual housing costs than in 2022, according to Savills’ latest research.

The Renters' Rights Bill moves a step closer to Royal Ascent

The Renters' Rights Bill moves a step closer to Royal Ascent

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The controversial Renters' Rights Bill has moved a step closer to Royal Ascent

Tenancies will “change overnight’ once Renters’ Rights Bill comes in

Tenancies will “change overnight’ once Renters’ Rights Bill comes in

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Tenancies will “change overnight’ once the Renters’ Rights Bill comes into force, Sean Hooker, of the Property Redress Scheme, has warned.