1st Aug 2024
UK property market buoyed by interest rate cut
Home-buying activity in the UK is expected to surge this autumn, according to analysts, after the Bank of England’s first base rate cut since 2020 injected optimism into the property market. The central bank on Thursday reduced interest rates by a quarter of a percentage point to 5 per cent, in... more
26th Jul 2024
Property Tax Loophole costing councils millions, claims consultancy
A property firm has branded the current council tax rules for holiday homes “a mess” and says local and national government are losing millions of pounds of potential income as a result. Colliers estimate the total loss to government due to the system of business rates relief for holiday... more
19th Jul 2024
Will Section 21 be banned under the Labour Government?
The Labour Government planned to "immediately" ban Section 21 notices if elected. But what should letting agents expect for the future of no-fault evictions? On 5 July, the Labour Party was... more
17th Jul 2024
The key property laws in the King's Speech set to affect millions of homeowners and renters
King Charles has unveiled Labour's legislative agenda in Parliament today (July 17) during the second King's Speech of his reign. The King delivered 40 bills revealing the first new laws that Keir Starmer and his ... more
5th Jul 2024
Updates to licensing give short-term lets more flexibility
Following the introduction of a licensing scheme in October 2022, the Scottish Government has been monitoring the impact of the legislation on consumers and the sector. Engagement with accommodation operators has resulted in improvements which allow the transfer of licences, more exemptions, and provisional... more
1st Jul 2024
New scheme to improve rental property conditions
A new scheme to help deal with poor property conditions and management standards for smaller Houses in Multiple Occupation (HMOs) is being introduced across Brighton and Hove. The city-wide additional licensing scheme, which comes into force on Monday, is for HMOs of two or more storeys with three... more
21st Jun 2024
What each political party promises for the future of Short Term Lets
A report with Goodlord and the National Residential Landlords Association (NRLA) found that 62% of surveyed letting agents believe more controls are needed for short-term lets. But in the run-up to the general... more
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