Over 60% of landlords are being hit by higher mortgage rates, risking a further squeeze on the number of rental homes available. Higher mortgage rates are hitting landlords who have loan to value mortgages of 50-75% hard. And that accounts for 20-30% of landlords 51% of all landlord sales are taking place in London and […]
How incresed interest rates are affecting landlords and tenants rent Read More »
House price growth expected to be greater in affordable rural areas and slower in city centres, says leading economist at Office for Budget Responsibility. Remote working has permanently changed the housing market as it enables people to leave cities and live in the countryside This has lead to greater price growth in rural areas, but
How working from home is affecting house prices and rents Read More »
We’re still waiting on the bill to pass through parliament, changes may be made, however we have the initial document that is currently being reviewed. No-fault evictions are set to be banned in England after the long-awaited Renters’ Reform Bill was introduced to Parliament The bill aims to make the private rented sector safer and
The Renters Reform Bill is now published and going through parliament Read More »
Most landlords are in favour of the introduction of the Decent Homes Standard, the biggest shake up in the private rented sector for 30 years. 74% of landlords also expressed frustration with the lack of action taken against rogue landlords, saying local authorities should do more to drive out those who let sub-standard homes The
60% of Landlords support new standards for rented homes Read More »
Rent is still at an all time high and the cost of living crisis continues to put pressure on families; will this continue and what impact will it have on future rent? Rental inflation has slowed to 11.1%, from a high of 12.3% in mid-2022 A strong labour market and record immigration drove demand in
What is going on with the rental market? Read More »
More than one in five people now rent in the private sector, while the number of those who own a home has fallen, according to the latest Housing Census. The number of people renting a home in the private sector in England and Wales has jumped by 28% during the past 10 years A third
People renting increases by 28%, whilst fewer homes are available for rent Read More »
Despite the latest increase to the Bank Rate, mortgage rates are expected to continue to edge downwards during the coming weeks. The Bank of England has increased interest rates by 0.5% to 3.5% – the highest level since October 2008 But the rate at which interest rates are being increased has slowed and economists think
Mortgages rates expected to come down, whilst bank rate continues to rise Read More »
With less homes available for rent and rental prices being at a record high in relation to average incomes, we look at how this effects the market and what to expect in 2023. Rental homes a 38% below a five year average Demand is 46% higher for rental properties This imbalance has pushed rents to
Rental Market Overview Read More »
As the UK looks for economic stability with Rishi Sunak as the new prime minister, we expect the government to review the countries policies, in a hope that we see falling mortgage rates and positive rental market reforms as planned. Rishi Sunak is the new prime minister, what to expect under his leadership. Mortgage rates
New prime minister and part budget reversal, how does this affect the housing market? Read More »
If you’re currently renting or looking to rent this year, we have detailed some information for you below in addition to the rental reform that was recently announced by the government, which your landlord could also benefit from knowing. The government has issued new guidance to help stop the spread of Covid-19 in rented homes,
Rental Observations & Changes for Renters in 2022 Read More »
The best of Business news, in your inbox.
