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
2nd Dec 2024
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... more
25th Nov 2024
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 very worst are prosecuted. Since the introduction... more
25th Nov 2024
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, the average yield hit 6.72% in September,... more
18th Nov 2024
Council unveils "collaborative approach" to work with private landlords
Great Yarmouth council wants landlords to attend a forum and witness its “collaborative approach” to renting. Councillor Paul Wells, Great Yarmouth Borough Council’s portfolio holder for Environment and Sustainability, Licensing and Waste, says: ”We want to provide a really... more
13th Nov 2024
Making identity proofing easier, cheaper and more secure
The Data (Use and Access) Bill was introduced to Parliament on 23 October 2024. It lays out the legal framework for Digital Verification Services (DVS) in the UK, which are long-awaited tools to speed up property purchases, reduce fraud and improve the experience of home buying and selling. The Bill... more
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