Prime Minister Rishi Sunak has thrown his weight behind Housing Secretary Michael Gove’s proposals to delay deadlines for EPC improvements in the private rental sector.
July was a record breaking month for the rental market, claims a PropTech company.
The average UK house price fell at the fastest annual rate in 14 years in July, Nationwide Building Society has reported.
Over recent years, as successive governments have tightened lettings legislation and increased the tax burden on landlords, some with investment properties have reduced their profits.
British lenders approved more mortgages than expected in June and net unsecured lending to consumers shot up by the most in over five years, despite rising interest rates, Bank of England data showed.
The Bank of England (BoE) raised interest rates by 0.25%, increasing the current bank base rate from 5% to 5.25%.
Only the top 10% of income earners can afford an average house with less than five years of income in England, new research shows.
One in five tenants are putting plans to buy a property on hold amid the current housing crisis, new figures have revealed.
- Bank of England Set to Raise Rates to 5.25%
- Prime Minister Commits to 1 Million New Homes Promise
- Rent Prices Set to Continue Rising as Bleak Autumn Looms
- House Prices Still Rising Annually but Growth Slows
- Sellers STILL Want More for Homes Despite the Mortgage Crunch
- UK Inflation Reduces to 7.9%
- Mortgage Defaults Rise 30% in Three Months
- Landlords Eye More Properties as Tenant Demand Rises