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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

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 as yet. The bill could take up to a year or even more ...

Read    25/07/2023

Industry Updates: Service Charge Dispute In The Supreme Court

The UK Supreme Court has ruled against a retail tenant in an ongoing service charge dispute with its previous landlord. The decision is expected to have major implications for commercial landlords and tenants. While the tenant's final appeal has been dismissed, the c...

Read    11/07/2023

Landlord Legislation: Landlords Urged To Show Patience

Many private rental sector experts have voiced their opinion on the UK real estate market development. An essential suggestion is that landlords should not act hastily by selling their rental properties but wait for government incentives related to buy-to-let. 

Read    11/07/2023

UK Government News: Collecting Record Tax Receipts Through Property Taxation

The latest HM Revenue and Customs data reveal that the UK government raked in more money this year through stamp duty, income tax, and inheritance tax. Stamp duty collection increased by 0.7 billion more than the year before, touching 19.3 billion between April 2022 ...

Read    11/07/2023

Landlord Legislation: The Long-Awaited Renters Reform Bill | Ringley Group

The long-awaited Renters Reform Bill may finally be introduced in the UK parliament this month. The bill was first discussed in 2019, and a fast introduction and implementation were promised, but that didn’t happen. Housing Secretary Michael Gove says the bill will b...

Read    06/07/2023

Rental Market: Buy-to-Let (BTL) Investments Remain Lucrative | Ringley Group

The last week's interest rate hike was the eleventh such rise in the recent past affecting residential buyers and BTL investors. The significant rise in the cost of borrowing erodes profit margins for BTL investors, besides the government's restrictive policies and l...

Read    06/07/2023

Landlord Legislation: Complying With Band C Regulations

Newly let rentals in the UK were expected to meet a minimum energy performance rating of band C, as per a notice from the Department for Energy Security and Net Zero. The government proposed fines of up to £30,000 for landlords failing to upgrade their properties. Ho...

Read    06/07/2023

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