News
Almost a quarter of UK homes at flood risk – warning
Almost one in four properties in England are at risk of flooding, data from the Environment Agency shows.It says 6.3m out of 25m properties are based in locations that may be overwhelmed by one, or a combination of, rivers, the sea and surface water.The ... more
Bank of England holds the base rate at 4.75%
The Bank of England has held the base rate at 4.75%, with 6 members voting to hold the rate and 3 voting to reduce it.Key takeawaysThe Bank of England has voted by 6-3 to hold the Base Rate at 4.75%However in a statement, the Bank's Monetary Policy ... more
Over a third of landlords raise rent by 15 per cent for new tenancies
Renter groups have called on the government to do more to tackle out of control rents, as a government survey revealed that over a third of landlords increasing rents on new tenancies did so by at least 15 per cent.The survey reported that nearly six ... more
Rents continue to fall in November as year-on-year increases slow down
England's rental market continued to settle in November, with average rents down 3% since October, and year-on-year increases again falling to a new annual low. According to the Goodlord Rental Index, the average monthly price for a rental property ... more
Up They Go – Buy to let yields continue upwards momentum, new data reveals
Yields achieved by landlords increased in the third quarter of the year, continuing their strong performance from mid-2022, data from buy-to-let mortgage specialist Paragon Bank has revealed.Based on mortgage offer data for buy-to-let purchase and remortgage, ... more
Half of councils don’t take action against bad landlords
Over half of councils in England and Wales have taken no court action against bad landlords in five years, Renters Reform Coalition research shows.Councils make one prosecution for every 335 complaints from concerned tenants, suggesting that only the ... more