Property News
Latest news, advice, and insights for UK property professionals
Labour Councils Challenge Sadiq Khan’s Affordable Housing Quota Cut
Three London councils, including two Labour-controlled, are legally challenging the Mayor of London’s plan to reduce the affordable housing quota from 35% to 20%.
Google to Join Webinar on AI for Letting Agents
Google will participate in a webinar on AI for agents, taking place tomorrow on the Rightmove Hub, according to Letting Agent Today.
HMO Management Fine Reduced from £480,000 to £50,000 After Council Prosecution
A property management company and landlord were convicted of eight offences relating to an unlicensed HMO in Hyde Park Gate, London. Their fine was reduced from £480,000 to £50,000.
Frozen LHA Rates Leave Renters Unable to Afford PRS Homes
Less than 2% of private rented homes are affordable to people on housing benefit, according to Zoopla data reported by Property118.
Build-to-Rent Sector Continues to Surge, Reports Show
New research highlights ongoing growth in the UK build-to-rent sector, with strong investment and rising demand for purpose-built student accommodation.
Buy to Let Finance Adapts to Growing Portfolio Demands
Research shows the average landlord portfolio has grown to 7.3 properties, highlighting increased demand for specialist buy to let lending.
Tenants May Claim Up to £25,000 Compensation Under PRS Ombudsman Scheme
The government has indicated tenants could receive up to £25,000 in compensation through the PRS Ombudsman Scheme, as part of the Renters’ Rights Act.
Lewes Council to Consult Landlords on Stricter Rental Enforcement
Lewes district council plans to engage with landlords as it strengthens enforcement in the private rented sector to improve tenant protection and housing standards.
GB Bank Reduces Buy-to-Let Fixed Rates
GB Bank has cut rates across its Buy-to-Let core range, with new fixed rates available immediately through intermediaries.
Senior Agent Reports Customer Refused Handshake at Property Viewing
Daniel Davie, a partner at Inskip & Davie in Bedfordshire, described a recent property viewing where a customer refused to shake his hand, despite several offers.
Scottish £10k Deposit Scheme Welcomed but Faces Criticism
A new Scottish Government scheme offers first-time buyers a £10,000 interest-free loan, but industry voices warn it may not fully address affordability and supply challenges.
Labour MP Calls for Rent Controls to Reduce Welfare Spending
Labour MP Margaret Mullane has suggested that rent controls could help cut welfare spending and ease cost-of-living pressures for tenants. She also highlighted the impact of high private rents on council finances.