Covid-19 Pandemic Delays Tenants' Plans to Buy a Home
As the UK government's coronavirus vaccination process continues to impress, the wider effects of the pandemic remain. Among those adverse effects is a drop in household incomes which is limiting many renters plans to exit the lettings market and buy their own home.
...Read More
Extended Stamp Duty Holiday Suggests Many Tenants Will Rent for Longer
While the extension of the stamp duty holiday announced in the budget earlier in March was welcomed by many home buyers and sellers, many renters in the process of saving their deposit to buy were likely less thrilled.
...Read More
Government Extends Eviction Ban for Commercial Tenants but Not Residential
As signs emerged in February and March 2020 that the coronavirus pandemic was going to cause much financial hardship, the government put a number of rules in place to protect the population
...Read More
Halifax: House prices rise by 7.3%
Halifax’s house price index has found that the average house price now stands at £249, 870, a 7.3% rise on last year, and the strongest growth since June 2016. Across the last three months, Britain’s biggest mortgage lender approved more mortgage applications from both first time buyers and homemovers than anytime since 2008.
...Read More
MP Committee Calls for an End to Last Minute Eviction Bans
A little over a year on from the beginning of the global coronavirus pandemic has seen multiple last-minute extensions on eviction bans for UK tenants. While this has helped stop people becoming homeless, it has also caused anxiety, stress and loss of income in the industry.
...Read More
PRS Reform Plans Move Forward as Industry Body Attends Govt Talks
As the UK government attempts to look ahead to life without restrictions, it is once again moving forward with discussion on reforms to the country's Private Rental Sector (PRS).
...Read More
Rural Rents Rise as City Locations Lose Out
As the end of a difficult year comes into sight, recent research delivers an unusual result in the UK's rental market; average rents in countryside locations rose in October, while city properties proved less popular with tenants and rents fell. This dynamic, which is a reversal from the same time a year earlier, means the difference in average rents between the two locations has narrowed.
...Read More