This comes as average monthly rents soared by 5.7% in August.
Read MoreThis is how much first-time home owners spend on rent before buying – it’s risen £46,621 in a decade
Tag: finance
9 bank statement red flags that could jeopardise your mortgage
When applying for a mortgage your bank statement will go under the spotlight. Here’s how to ensure there are no howlers that might harm your application.
Read MoreLandlords face higher costs and tenants face disruption under Decent Homes Standard and Awaab’s Law
The Decent Homes Standard and Awaab’s law will cause increased costs for landlords and major disruption for tenants, warns industry body.
Read MoreLandlords finally get some goods news as buy-to-let rates drop
Buy-to-let fixed rates have dropped to their lowest points since September 2022 and choice rose to a record high.
Read MoreHMO landlords face huge penalties and prison sentence if they fail to tackle waste disposal
A waste disposal expert claims HMO landlords could face £50,000 fines and a prison sentence if they fail to deal with fly-tipping at the end of a tenancy.
Read MoreLandlords warned about rise of ‘stopover tenants’
A new trend is sweeping the rental market and it’s leaving landlords reeling.
Read MoreBuy to let investment booms in the Midlands and North – Paragon
Landlords investing in rental property has shifted decisively towards the Midlands and northern regions, according to Paragon Bank.
Read MoreCould banning the Bank of Mum and Dad unlock the housing market?
A new mortgage for first-time buyers with a deposit that hasn’t been handed to them on a plate will do more than just help young people get on to the property ladder, says James Moore.
Read MoreHousing minister to meet major banks in push to strengthen first-time buyer support
The housing minister, Matthew Pennycook, and economic secretary to the Treasury, Lucy Rigby, will meet with senior representatives from major high street banks today, as the government steps up efforts to increase homeownership and expand access to affordable housing under its Plan for Change.
Read MoreWhen will UK interest rates fall further? Latest Bank of England predictions
The Bank of England’s next interest rate meeting will take place on 18 September. With inflation on the rise, experts are anticipating no change to the base rate.
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