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 […]
Category: Market Update
2024 UK land use policies: Green Belt, Grey Belt, and Brown Belt.
As the UK gears up for the 2024 general election, land use and planning policies are coming under intense scrutiny. Green Belt, Grey Belt, and Brown Belt lands are pivotal in the debate over how to balance housing needs with environmental protection. The outcome of this election could significantly reshape the future of these areas. […]
Housing Policy in the 2024 Election: Conservative vs Labour
With the General Election just two weeks away, it’s a good time to review the Housing Policy in the 2024 election proposed by the Conservative and Labour parties. Both parties recognise the key issues facing the UK housing market, but their approaches differ significantly. New Homes Both parties aim to help first-time buyers through schemes […]
What will the General Election mean for the Renters Reform Bill?
With a General Election set to take place on July 4th we look at what the outcome might mean for the property market. Renters Reform Bill The Renters Reform Bill, a topic of intense debate over the years, is currently navigating its way through Parliament. With the general election on the horizon, many are wondering […]
“No Fault Evictions” to continue for now.
This week saw the Renters Reform Bill have its third reading in the House of Commons and it will now progress to the House of Lords for further debate. The abolition of the so called ‘no fault’ Section 21 evictions is a key element of the proposed bill but it has come under significant scrutiny […]
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 […]