Mayor of London plans to hold an emergency summit on private rented sector
Sadiq Khan has called on the government to hand him extra powers so he can cap rents in the capital.
News Archive
Demand in the mortgage market slows
Data reveals average intermediary case volumes decreased by just over 4% in the latest quarter compared with Q2
Average rents pass £1,200 a month for the first time
Strong rental growth has pushed average rents into another £100 price bracket for the third time in just over two years.
Fast-expanding agency secures another brace of acquisitions
Acquisitions at the double for agency as its increases local market share.
Fine & Country MD plays down significance of house price falls
Market correction forecasts need to be considered in context of unsustainable growth since 2020, says Nicky Stevenson.
Home buyers ‘are getting used to the new normal’
Despite higher borrowing costs, the housing market is experiencing a period of relative stability ahead of the autumn statement on 17 November, says high-profile estate agency.
Hamptons serves up new deal to boost its short-term letting offer
Hamptons has completed the acquisition of a well-established letting agency.
HMRC is targeting BTL landlords with nudge letters, warns tax advisors
The nudge campaign comes in advance of Jeremy Hunt’s first Autumn Statement and rumours of a further attack on BTL landlords with higher rates of capital gains tax on property disposals.
Buyers face hesitant sellers and new shortage of homes, says Chestertons
Whilst buyers in London appear highly motivated, many would-be sellers seem to be waiting for more economic and political certainty before putting their properties on the market.
Home buyers undeterred by economic uncertainty, says estate agency
Estate agency says that it agreed sales on more than 100 residential properties in October.
Repossessions rise for both homeowner and BTL mortgaged properties
Forbearance during, and since, Covid has meant that lenders have had to change their processes and as such allow more significant arrears to build, says commentator.
PropTech referencing firm launches digital Right to Rent service
The new offering means tenants no longer need to visit agents’ offices to pass referencing checks
Government warned not to proceed with new inheritance tax grab
Poll shows majority of people support raising IHT threshold above £325k despite ‘eyewatering’ public finance decisions ahead.
Financial woes could see borrowers locked out of mainstream mortgage market
Customers who do not fit ‘vanilla’ criteria will need help to access financial options, complex credit mortgage lender warns.
Local authorities need more resources to enforce Decent Homes Standard
The organisation has set out several recommendations in its response to the Decent Homes Standard consultation
UK house prices set to fall ‘back to the level they were at in summer 2021’
October was undoubtedly a bad month for the UK property market, but could there be worse to come?
High earning agents could be required to pay more tax under new plans
The government is looking to fill a near £60bn fiscal black hole.
Lucy Frazer confirmed as housing minister
Lucy Frazer is the fifth housing minister this year, following Chris Pincher, Stuart Andrew, Marcus Jones and Lee Rowley.
Rightmove’s new agent qualification approved by regulatory body
More than 2,000 agents have so far signed up in advance to the qualification launching later this month.
Director share dealings – Property Franchise Group
The Property Franchise Group has been notified that several transactions have taken place in recent days.