Bank of England reveals interest rate decision
Landlord Today
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3h ago
The Bank of England’s monetary policy committee has held base rate at 5.25% for the sixth time in a row. The news was widely expected, although some agency industry figures held out a distant hope that rate cuts may begin this month, despite the headline rate of inflation running at 3.2 ..read more
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Government insulation scheme flops with tiny take-up so far
Landlord Today
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3h ago
Figures from the Department for Energy and Net Zero indicate that only 4,648 households so far have taken advantage of the government’s ongoing Great British Housing Insulation Scheme. This is less than 2% of the target of 300,000 households by March 2026. Katharine Allison of Independent Advisor Windows - the company which ..read more
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Landlord “accepts council penalty but only if not named”
Landlord Today
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3h ago
A council has fined a landlord £17,500 for failing to license two of his properties in the area. However, the identify of the landlord is not known because anonymity was a condition of them accepting the penalty. The properties are in Sutton, in Ashfield council’s Selective Licensing Scheme which means that all landlords ..read more
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Low Traffic Neighbourhoods are good … at least for house values
Landlord Today
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3h ago
Buy to let landlords with properties inside controversial ‘Low Traffic Neighbourhoods’ or LTNs may be in for a windfall. That’s because new research suggests that in London at least, LTNs add value to properties. But lettings agency Benham and Reeves, which conducted the research, says that while LTNs may be bringing a ..read more
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Renters Reform Bill - Students accuse government of ‘folding’
Landlord Today
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3h ago
The National Union of Students claims the government has “folded to landlord’s lobbying” and watering down the Renters Reform Bill so that it will no longer include student renters. It claims that “from the get-go landlords who let properties to students lobbied to have them excluded from the protections offered to ..read more
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Airbnb rips into politicians and restrictions on short lets
Landlord Today
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3h ago
Airbnb has ripped into politicians in Scotland who have implemented restrictions on short lets. The former SNP-Green coalition government allowed local councils to implement strict licensing and enforcement rules on potential New analysis by the online platform suggests that the implementation of short-term rental rules in Scotland is harming its tourism industry and ..read more
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Re-elected Labour Mayor pledges crackdown on rogue landlords
Landlord Today
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3h ago
The newly re-elected Labour Mayor of Greater Manchester - Andy Burnham - wants to end Right To Buy on new-build homes and has pledged a crackdown on rogue private landlords. Writing in The Guardian, Burnham says one of the reasons why housing often doesn’t feature at many elections is because promises ..read more
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Fake private rental property was sub-let by phoney landlord
Landlord Today
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3h ago
A London council has revealed that a social housing tenant claimed their property was a private one, and fraudulently sub-let it to innocent renters.  Lewisham council says its tenancy audit team ended 80 tenancies in the past 12 months that were either sub-let, abandoned or otherwise fraudulent. In one case, the team ..read more
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Buyers aim for smaller properties despite prices stay roughly static
Landlord Today
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3h ago
House prices last month were just 1.1% higher than April 2023, according to the latest Halifax House Price Index. The average house price is now £288,949: the quarterly change is 0.8%, while prices are up 0.1% month-on-month. Amanda Bryden, head of mortgages at the Halifax, says: “UK house prices held steady in ..read more
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EPCs are often wrong and need major overhaul - Which?
Landlord Today
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3h ago
An influential consumer body is demanding a complete overhaul of Energy Performance Certificates. Which? says that with millions of households across the UK concerned about how to keep their homes warm in winter and worried about high energy bills, an EPC should be a valuable source of information; and as the ..read more
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