Rents rising faster than mortgage payments
Private renters are seeing costs rise at a faster rate than mortgaged homeowners, analysis from Zoopla has revealed. In the past three years the average mortgage repayment has risen by…
London hotel demand drops in face of global headwinds
The money hotels made per available room has dropped by 2.4% year-on-year in London, suggesting economic uncertainties are putting the lid on tourism. After a period of boosted spending power…
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Government warned that upward-only rent reviews could damage confidence
The government’s plan to ban upward-only rent reviews for commercial leases has the potential to significantly unsettle the UK’s commercial property market, according to warnings. The clauses mean landlords can…
Luton landlords still battling the council on licensing schemes
Luton Council is battling with landlord groups over the creation of a selective licensing scheme across the town and an additional licensing scheme in the south ward. Campaign group Luton…
New council powers for surprise landlord visits ‘ripe for abuse’
Landlords will be targeted for minor issues in a draconian move that will see council officers targeting law-abiding landlords. Landlord Licensing & Defence has warned. A new amendment to the…
NRLA calls for stamp duty exemption for empty homes in London
Landlords shouldn’t have to pay the 5% stamp duty surcharge when landlords bring empty stock back into use, the National Residential Landlords Association argued. NRLA was responding to government data,…
Renters’ Rights Bill could see rise in tenant CCJs
The Renters’ Rights Bill could result in more tenants being handed CCJs due to the elimination of Section 21 evictions, software company Goodlord has warned. It’s expected for more landlords…
Rental growth forecast downgraded thanks to cooling demand
Rents are only expected to inflate by 1.0% in 2025, after Hamptons downgraded its forecast from 4.5%. So far this year tenant demand is 11% lower year-on-year, as well as…
Non-doms leaving London but retaining properties
Non-doms are leaving the UK but holding on to their London properties, according to Knight Frank. Under the old rules, non-doms could live in the UK without paying tax on…