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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

UK Government News: Labour Party’s Controversial Recommendations

Britain’s Labour Party has proposed reforms to the housing market, but the proposals have turned controversial and have raised many questions among industry stakeholders. The plans were proposed by the Labour Party leader Sir Kier Starmer and shadow housing secretary...

Read    11/07/2023

The Rental Market: The Evolution of Build to Rent (BTR)

It's 2023, and rental demand is still outweighing supply. Although the BTR sector is the fastest-growing, experts predict the imbalance will continue beyond 2023. The British Property Federation (BPF) has reported a 15% year-on-year growth for the BTR sector in their...

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

Fire Door Inspections (FDI): Communal Fire Door Inspections

Communal fire door inspections in the UK involve several important steps to ensure the fire doors in shared areas of a building are in optimal condition. For communal fire doors, the responsible person must conduct checks at least once every six months to comply with...

Read    04/07/2023

Environmental Social Governance (ESG): Welsh Government Approves New Changes

There was an appeal from various sections of the commercial property market to provide cash assistance to private landlords to enable them to comply with the Minimum Energy Efficiency Standards.The UK government introduced MEES in 2018. The regulations set a minimum ...

Read    04/07/2023

Industry Updates: Enhancing The Conveyancing Process

The UK property industry is currently grappling with two major concerns:The home buying and selling process encounters several roadblocks that slow down its speed and efficiency.The ongoing energy crisis.This article focuses specifically on the issues with the house ...

Read    04/07/2023

Landlord Legislation: Cracking Down On Anti-Social Behaviour

The UK Governments New Rules Empower Lanords To Crack Down On Anti-Social Tenants The new Anti-Social Behaviour Action Plan by the UK Government is designed to give landlords more powers to deal with anti-social tenants. They can now evict erring tenants by giving th...

Read    27/06/2023

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