Will a new £1 billion scheme help landlords keep up with tougher energy regulations? With new energy efficiency legislation in the pipeline, we’ve been wondering: What will energy efficiency upgrades cost landlords? Experts say it could be as much as £16 billion over the next few years. Add that to the cost-of-living crisis and soaring …
Latest states show deepening repossession crisis The Ministry of Justice’s latest set of statistics paint a picture of the deepening cost-of-living crisis, and there are dark skies on the horizon for the property sector. The figures, which cover July to September 2022, show that all types of court actions increased significantly for both homeowners and …
Autumn Statement announced – here’s what it means for landlords The day of reckoning has finally arrived, and we’ve now heard from Chancellor Jeremy Hunt how the government plans to tackle the plentiful issues that face the country. As we watched, we were wondering: Will landlords finally get some relief? Do ministers grasp the issues …
Nottingham landlords are facing fines for poor energy ratings Nottingham city council is rolling out a new strategy to crack down on ‘cold homes’ in the private rented sector. It will be issuing financial penalties for properties with an energy efficiency rating of F or G. Since 2018, all private rented properties in England and …
Today’s blog is by Stephen Smith, a non-executive director and consultant in financial services, with 40 years experience in the mortgage industry. He joined us on Friday 4th November for a deep dive into the current economic turmoil, so be sure to watch the replay! Are buyers in a worse position now than in the …
The Rate Honourable Rishi: Lenders loosen up in response to the new PM But just a few days after Rishi Sunak took the reins as the new Prime Minister, there was talk of a confidence-boosting ‘Rishi Effect’ on the financial sector, including some lenders dropping their rates. Liz Truss might have left 10 Downing Street, …
Today’s blog is by Stephen Smith, a non-executive director and consultant in financial services, with 40 years experience in the mortgage industry. He joined us on Friday 4th November for a deep dive into the current economic turmoil, so be sure to watch the replay! What is the best advice regarding mortgages right now? I …
Do you know about the latest landlord licensing scheme in Leicester? The latest landlord licensing scheme is a must-know for Leicester landlords, but there’s an important message for landlords everywhere. In October 2022 new renting rules came in for certain parts of Leicester – but the city isn’t the first to make these changes, nor …
What Jeremy Hunt’s statement means for mortgages and the housing industry Jeremy Hunt, as the new Chancellor of the Exchequer, made a statement on Monday 17th October ahead of his Medium Term Fiscal Plan, due on the 31st of October. This statement attempted to calm the markets following the swift departure of Kwasi Kwarteng from …
What does the Bank of England base rate change mean for you? For the sixth time in nine months, the Bank of England has raised interest rates – now up from 1.75% to 2.25%. By recent standards, the rise – by 50 basis points – is a chunky increase, and it closely follows another 0.5% …
