Category: Market Update

The Surge in UK Residential Sales: Why are Landlords Selling?

The UK property market is experiencing a notable uptick in residential sales, and a significant factor behind this surge is the increasing number of landlords selling their properties. This shift is shaping the housing landscape in unexpected ways, prompting both opportunities and challenges for buyers, renters, and investors alike. Let’s delve into the reasons behind […]

Housing Policy in the 2024 Election: Conservative vs Labour

With the General Election just 2 weeks away, we take a look at the different housing policies being proposed by both the Conservatives and Labour parties. There are some key issues affecting the UK housing market and the major parties seem to agree on much of what is needed. It’s how they plan on going […]

Renter’s Reform Bill Update

As the ever evolving Renter’s Reform Bill lingers on the Tories manifesto, the Department for Levelling Up, Housing and Communities is planning to make various amendments to the proposed Bill.  These amendments are: 1. All tenancies will be for an initial 6 month term, thereby providing some certainty for both tenants and landlords and establishing […]

Licensing – Improving Housing Standards or another Landlord Tax?

In 2015, the Government introduced a General Approval, granting local authorities the ability to establish Selective Licensing schemes. Selective Licensing allows a local council to require every landlord of privately rented housing within a specified area to obtain a license for each property.  This initiative is designed to improve housing conditions, tackle anti-social behaviour and […]

Own a Leasehold property? Positive change is on the horizon.

The Leasehold and Freehold Reform Bill, set to become law in the summer of 2024 (at the earliest), aims to improve homeownership for 5 million leaseholders in England. The bill will hopefully reinvigorate investment in leasehold properties thereby fuelling the supply of properties to the private rented sector (PRS).  The bill sets to make additions […]

Spring Budget Tax Cuts for Landlords, but is it enough?

In today’s Spring Budget announcement, Jeremy Hunt revealed plans to decrease the higher rate of property Capital Gains Tax from 28% to 24%.  Capital Gains Tax is levied on properties when an individual earns a profit from selling a property that is not their primary residence. This tax is applicable when selling various types of properties, […]

Buy-To-Let Mortgage Rates Fall.

Good news for landlords with buy-to-let mortgages – but strike while the iron is hot! Money comparison website ‘Moneyfactscompare.co.uk’ has reported the lowest buy-to-let mortgage rates since September 2022 on both 2- and 5- year fixed term deals. The cost of a 2- year fixed rate buy-to-let dropped to 5.49% in February 2024 with the […]