The Labour Government has already warned that its first fiscal budget will be painful. With an estimated £22 billion black hole to fill, it’s likely that taxes will increase and public spending will be cut.

Propertymark says it’s met with government officials and a minister to press its concerns about aspects of the Renters Rights Bill, which goes for its second reading in the Commons this week.

Since coming into power in July, new Labour prime minister Sir Keir Starmer has made it clear that ‘getting Britain building’ is going to be a cornerstone policy for the party.

This week, from September 30th to October 4th, marks the return of Love to Rent Week, an annual event that raises awareness of the growing Build to Rent (BTR) sector.

LRG says that changes in tax and legislation will mean big portfolio landlords and build-to-rent are the future of PRS.

A mass sell-off is currently underway in the landlord sector, and it only looks set to increase. EPC requirements, The Renters Rights Bill, mounting financial pressures, the list of reasons goes on.

The Bank of England has held the interest rate at 5.0%, which was expected but could still come as a disappointment to some mortgage holders.

Homebuyers are benefiting from mortgage rates dropping to a six-month low.