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UK Government News: Government Issues Developers A Strong DRC Ultimatum

Leading UK developers were issued a strong ultimatum last month to sign the Developer Remediation Contract (DRC) which applies in England, or else face severe consequences. More details have now emerged about this ultimatum. The government has released guidance defin...

Read    27/07/2023

Industry Updates: Jeremy Hunt's New Mortgage Charter

Concerns are growing in the UK mortgage market, which is currently experiencing turmoil, and there are genuine fears that this could lead to a collapse in the housing market.So, what help has Jeremy Hunt agreed for mortgage-paying homeowners?Chancellor Jeremy Hunt ex...

Read    26/07/2023

Fire Door Inspections (FDI): Fire Door Defects

The Building Safety Act 2022 allows apartment owners to hold building developers accountable, even for developments as far back as 1992. It also makes it illegal to use service charges to fix fire safety issues that should be the developer's responsibility. So in thi...

Read    26/07/2023

Landlord Legislation: Rents Coalition and MP's Discuss The Renters Reform Bill

The Renters Reform Bill was the topic of discussion among members of Parliament (MPs) during a session held by the Levelling Up Select Committee on July 10, 2023. This all-party group of MPs is responsible for scrutinising government legislation, and they have dedica...

Read    26/07/2023

Fire Door Inspections (FDI): Additional Safety Measures For High-Rise Flats

According to recent research conducted by a leading lettings agency, the average service charges for flats in England and Wales have witnessed a substantial increase of 51.7 percent since 2018. The cost surge primarily stems from implementing additional fire safety m...

Read    26/07/2023

Key Labour Party member speaks out against rent controls and moves away from official party stance

Lisa Nandy, a member of the Labour Party, recently spoke out against rent controls, a view contrary to the party line on the subject. She believes that implementing rent controls could lead to homelessness and sees it as a temporary solution to deeper housing problem...

Read    26/07/2023

Industry Updates: The Building Safety Regulator (BSR)

The Building Safety Act 2022 has introduced a significant change in the construction industry by establishing the Building Safety Regulator (BSR). It is a new regulatory body embedded in the Health and Safety Executive (HSE). The main objectives of the Building Safet...

Read    25/07/2023

The New Homes Ombudsman Service (NHOS): Addressing The Housing Concerns

The New Homes Ombudsman Service (NHOS) is a dedicated entity that assists customers in addressing unresolved problems with their newly constructed homes. Its primary purpose is to resolve disputes and make determinations on complaints filed by buyers against develope...

Read    25/07/2023

Environmental Social Governance (ESG): Mortgage Rate Cut For Energy-Efficient Homes

Homeowners who make their properties more energy efficient can enjoy a cut in their mortgage rate under a recent government-backed pilot. 4.1 million has been awarded to green finance projects to help homeowners make their homes more energy efficient. They include mo...

Read    25/07/2023

Landlord Legislation: Renters Reform Bill Gets Delayed

So why has the Renters Reform Bill got delayed again? The bill for protecting renters from unfair rent increases and no-fault evictions appears to have missed the deadline. The bill was set to be introduced into Parliament this week, but no dates have been announced ...

Read    25/07/2023

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