Renters would by default get three-year tenancies in new agreements under plans in the Liberal Democrats’ manifesto. Party leader Sir Ed Davey pledged a “fair deal for renters” as he outlined the Lib Dems’ proposals for government yesterday. They also include a ban on Section 21 evictions and a national…
The Conservatives will put their offer to homebuyers and property investors when their election manifesto is published today. Landlords are being offered tax breaks by Rishi Sunak as he attempts to encourage investment in the housing sector and boost the supply of much-needed housing in the PRS. The prime minister…
The row between the Property Lawyers Action Group (PLAG) and the Law Society over property information forms which have been redesigned to support NTS guidance on ‘Material Information’ in property sale listings intensified this week. PLAG is disappointed with The Law Society’s decision to release a new TA6 property information…
A survey by Leaders Roman Group (LRG) to gauge attitudes on the Renters (Reform) Bill has revealed that landlords are less worried about the legislation itself and more concerned with financial pressures such as high mortgage rates, the cost of bureaucracy and regulations, increased taxes, the cost of overheads such…
On Wednesday, the Prime Minister, Rishi Sunak, announced that a General Election will be held on Thursday 4th July 2024. Parliament will be dissolved next Thursday, May 30th. As you might expect, the announcement has prompted speculation from various quarters as to what impact the upcoming election might have on…
The latest data from reallymoving shows first-time buyer activity is dominating the property market while downsizing is currently in decline. Mortgage rates may be creeping up again, but despite the many challenges they face, first-time Buyers currently account for 60% of all buyers in the market compared to 54% in…
Shadow chancellor Rachel Reeves has suggested that rent caps could be introduced in local arears under a Labour government. In an interview with BBC Radio Essex, Reeves said there might be a case for controlling rent rates in certain local areas, though she emphasised there would not be a “blanket…
All eyes will be on the hotly anticipated inflation data tomorrow that will reveal how close the rate of rising prices is near to the Bank of England’s official target. Mortgage holders, house hunters, City experts, along with other borrowers and savers are waiting for indications on the timing of…
The supply of homes for sale has hit a five year high with 20% more homes on the market versus last year, new day data from Zoopla has revealed. Compared to spring 2022, the property websites says supply has improved the most in Cornwall (+159%), North Kesteven, Lincolnshire (+155%) and…
There are promising signs for rate watchers hoping for an earlier interest rate cut, with new data pointing to a cooling economy. UK inflation has fallen to its lowest level in two and a half years, as price pressures continue to ease. The consumer prices index has dropped to 3.2%…
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The governor of the Bank of England, Andrew Bailey, has said he expects interest rates to fall, albeit gradually, which will be welcome news for thousands of mortgage borrowers. Bailey said he was “very encouraged” by falling inflation and “therefore I do think the path for interest rates will be…
Barclays will today launch a range of new mortgage products, including a new lowest home loan rate on the market, just 24 hours after Nationwide released the first sub-3.75% deal. Barclays will today introduce a five-year fix at 3.71% for those buying their home with a 40% deposit. The deal…
A new property portal called NI Bricks has launched in Northern Ireland. To commemorate the launch, estate agents are being invited to join NI Bricks’ platform with the opportunity to list properties for free for up to three months. Founded in November last year and launched this week, NI Bricks…
