UK Mortgage & Property Related News
The huge imbalance between supply and demand in the private rental sector will continue into 2025, says Zoopla.
It says that the demand for rented housing has slowed as one -ff pandemic factors start to fade and lower mortgage rates help some renters buy their first home.
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Legal concerns continue to mount following the launch of Labour’s Renters Rights Bill, with growing worries about how the court system will cope.
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Private rental sector reforms ‘could lead to Airbnb Lite’, says landlords’ association before plan unveiled in parliament
Landlords are warning they may raise asking rents in high demand areas if long-awaited reforms unveiled in parliament on Wednesday turn parts of the private rented sector into “Airbnb Lite”.
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Landlords in England will be banned from renting out their properties for more than the advertised price under reforms set out by the government on Wednesday, as ministers seek to stop expensive bidding wars.
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The gap in rents paid by those in the north and south of England has closed to its lowest level in at least 11 years, figures have shown.
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The upcoming Renters’ Rights Bill should encourage landlords to sell to one another, or to their tenants, according to tenant campaign group Generation Rent.
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Landlord Amlendu Kumar has successfully appealed against a Rent Repayment Order for his Tooting property after a ‘rent to rent’ company he contracted with turned into an illegal HMO without his knowledge.
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The government is set to introduce a bill in the Commons next week which will ban landlords from evicting tenants without a reason. (no-fault evictions)
Ministers are expected to bring the Renters’ Rights Bill for its first reading.
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Our data reveals a striking trend: landlords buying property are getting younger.
The average age of landlords purchasing with a buy-to-let mortgage has plummeted from 46.4 in 2014 to 42.9 last year.
Our analysis of industry data shows that property is still attractive to younger investors. Landlords in their 30s have surged from 21% of mortgaged purchases to 31% in a decade, while those aged 18-29 now account for 10% of purchases.
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A Labour MP rents out flats with black mould and ant infestations, the BBC has discovered.
Jas Athwal, the newly-elected MP for Ilford South, owns 15 rental flats, making him the biggest landlord in the House of Commons.
In one block of seven flats owned by Mr Athwal nearly half the tenants said they had to regularly clean their bathroom ceilings to remove mould.
Mr Athwal has now also admitted his flats do not have the correct property licences required under a scheme he introduced as Redbridge Council leader.
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