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UK Property Market Experts Predict an Exodus of BTL Landlords in 2023

Rising arrears and falling house prices are prompting many landlords to rethink their letting decisions. According to a Goodlords webinar titled 2023 Predictions, over 50% of letting agents believe landlord numbers will decline due to new regulations and rising inter...

Read    05/01/2023

UK Deadline For Resolving Banking Disputes Closing: BBRS Urges Businesses And Agents To Register Their Cases

Time is running out fast for UK property businesses, including property companies, landlords, and estate agencies. They have three months to register any unresolved historical banking complaints with the Business Banking Resolution Service (BBRS).SMEs with long-stand...

Read    04/01/2023

Causes of Deposit Disputes at Check and How to Resolve Them

Causes of Deposit Disputes at Checkout and How to Resolve ThemThere are many potential points of friction between landlords and tenants. In the UK, deposit disputes are the biggest of these. End-of-tenancy deposit disputes have increased over the past year, indicatin...

Read    04/01/2023

1.9m Renters Affected by Housing Benefits Freeze, which Attracts Widespread Criticism

The UK government released the Autumn Statement 2022 on 17 November 2022. In the small print of the statement was a big announcement about the freezing of Housing Benefits at 2020 levels. The most obvious outcome of this move is more arrears and tough times for tenan...

Read    04/01/2023

Property taxes from 2022 to 2023. The 2022 Autumn Budget - What does it mean for the UK Property Sector?

Property taxes 2022 to 2023. The 2022 Autumn Budget - What does it mean for the UK Property Sector?The property sector expected taxation reliefs in the 2022 Autumn Budget. The sector is suffering from the complexities of the property taxation system. Whilst the bu...

Read    04/01/2023

Understanding UK's Position on Achieving Net Zero as EU Inches ahead with its Green Industry Plan

The recent announcement of the Green Deal Industrial Plan by European Union President Ursula von der Leyen underlines the EU's resolve to support net-zero industries. Green industries are vital in preparing the EU to achieve climate neutrality by 2050. These industri...

Read    04/01/2023

Government's Apathy Impacting Supply of Private Rented Homes in the UK

There is a growing demand for the government to act swiftly to boost the supply of private rental homes in the UK. Landlords in the UK endure stamp duty on purchasing properties to rent and mortgage rate restrictions. Most landlords prefer selling their homes in the ...

Read    30/12/2022

Decent Homes Standard - Rental Reform: speeding up BTR is the answer

A robust rental sector is vital for the growth of the housing sector. The UK's Private Rental Sector witnessed several changes in the recent past. Even though it plays a crucial role by providing housing to over 4.4 million households, about 20 percent of Uk househol...

Read    19/12/2022

The UK Government Issue More Guidelines for the Home for Ukraine Scheme

The Home for Ukraine scheme launched by the UK government saw responses from more than 100,000 people. They have now become the guests of British families.Under this scheme, Ukrainians with eligible sponsors in the UK capable of providing accommodation may apply for ...

Read    15/12/2022

Understanding the Impact of the Rise in the National Living Wage 

Effective April 1, 2023, there will be a hike in the UK's National Living Wage (NLW). The NLW will rise to 10.40 from the present 9.50, leading to an increase of 9.7 percent. The decision to increase the National Living Wage follows the Low Pay Commission's recommend...

Read    12/12/2022

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