20th Jan 2025
‘Burdensome’ Landlord and Tenant Act faces major reform
The Law Commission is undertaking a wide-ranging review of Part 2 of the Landlord and Tenant Act 1954 to see if it is still fit for purpose, heralding big changes for agents involved in managing commercial properties. Part 2 of the Landlord and Tenant Act 1954 is what gives business tenants the right... more
13th Jan 2025
Agents have a vital role in creating safer living environments
The Welsh Government has recently concluded a public consultation on proposed amendments to Part B (Fire Safety) of the Building Regulations, resulting in significant changes that will impact sales and letting agents and building managers. Since 2021, several changes relating to the design and construction... more
9th Jan 2025
Restricting rent in advance tabled days before Renters' Rights Bill Third Reading
The UK Government has proposed to ban upfront payments of more than two months’ rent, claiming this will crack down on discrimination against lower-income renters by unscrupulous landlords. Propertymark has challenged this position, stating that a one-size-fits-all approach will end up blocking... more
6th Jan 2025
UK housing sector is about to embark on some of the biggest changes seen in over 30 years
The next few months are likely to prove busy for estate agents, based on sales stock coming to the market, while consumers are showing that they are keen to stay ahead of stamp duty threshold changes due in England and Northern Ireland in April 2025, according to Propertymark. The group’s CEO,... more
23rd Dec 2024
Almost a quarter of UK homes at flood risk
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 EA’s National Assessment of Flood Risk... more
19th Dec 2024
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 takeaways The 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 Committee says it plans a series of gradual... more
7th Dec 2024
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 in ten landlords (58 per cent) increased the rent... more
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