Average monthly private rents in the UK increased by 8.1% year-on-year in February, reaching £1,326, according to figures from the Office for National Statistics (ONS). This marks a
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Millions Face Benefit Cuts as Reeves Urges Work Reform
Benefit cuts and civil service job reductions were announced today as part of Rachel Reeves’ sombre Spring Statement. Facing a bleak economic outlook, the Chancellor took steps to
UK Inflation Slows to 2.8%, but Relief May Be Brief
The U.K.’s inflation rate dipped marginally to 2.8% in February, according to data released by the Office for National Statistics (ONS). This figure came in just below analysts’
Half of Tenants Unaware of Renters’ Rights Bill
A recent study conducted by mortgage market specialist Pegasus Insight highlights that 43% of tenants have little to no knowledge about the Renters’ Rights Bill (RRB). The findings
Stamp Duty Rise for Landlords Ahead?
Rachel Reeves may be preparing to impose additional tax burdens on landlords by increasing the stamp duty surcharge for second home buyers, according to concerns raised by property
Serial Offender Landlord Fined for Breaches
A landlord operating a house in multiple occupation (HMO) has recently faced prosecution by Broxtowe Council, located in Nottinghamshire. This legal action followed a complaint lodged by one
Council: 70% of Licensed HMOs Need Help
The compliance burden is a big reason many investors are exploring how to structure a property to avoid HMO licensing in the first place. A London council has
Nationwide Cuts Mortgage Rates Despite BoE Freeze
Britain’s largest building society, Nationwide, is set to reduce mortgage rates on several products by up to 0.26 percentage points. These rate cuts primarily target first-time buyers and
Rental Ban May Trigger Gazundering
A prominent figure in the PropTech lettings sector has raised concerns about an unexpected consequence of the Renters Rights Bill: the potential rise of gazundering. William Reeve, the
Bank Of England Give Huge Interest Rate Update
The Bank of England has decided to keep interest rates at 4.5%, resisting growing calls for a rate cut due to persistent concerns about inflation. This decision follows