Despite the latest increase to the Bank Rate, mortgage rates are expected to continue to edge downwards during the coming weeks. The Bank of England has increased interest rates by 0.5% to 3.5% – the highest level since October 2008 But the rate at which interest rates are being increased has slowed and economists think […]
Mortgages rates expected to come down, whilst bank rate continues to rise Read More »
With less homes available for rent and rental prices being at a record high in relation to average incomes, we look at how this effects the market and what to expect in 2023. Rental homes a 38% below a five year average Demand is 46% higher for rental properties This imbalance has pushed rents to
Rental Market Overview Read More »
As the UK looks for economic stability with Rishi Sunak as the new prime minister, we expect the government to review the countries policies, in a hope that we see falling mortgage rates and positive rental market reforms as planned. Rishi Sunak is the new prime minister, what to expect under his leadership. Mortgage rates
New prime minister and part budget reversal, how does this affect the housing market? Read More »
If you’re currently renting or looking to rent this year, we have detailed some information for you below in addition to the rental reform that was recently announced by the government, which your landlord could also benefit from knowing. The government has issued new guidance to help stop the spread of Covid-19 in rented homes,
Rental Observations & Changes for Renters in 2022 Read More »
Over the next 6-24 months we are expecting some changes to the rental market to help combat rouge landlords. Some of these changes include; restriction on multiple rent increases each year to just once, ensuring that landlords do not leave homes in a poor state of repair, giving tenants more flexibility on pets. In summary:
Rental Reform: Tenants will be granted more control Read More »
Landlords will no longer be able to evict renters for no reason as part of a package of measures included in the Queen’s Speech to make the rental market fairer. Key takeaways Landlords are set to be banned from evicting renters without a reason as part of a package of measures to make the private
Queen’s speech: no fault evictions to be banned Read More »
From tax cuts for green home improvements to reduced fuel duty, here’s how the Spring Statement will affect homeowners and renters this year. Chancellor Rishi Sunak’s Spring Statement 2022 contained few measures that will impact the housing market directly. But with households feeling the squeeze from the rising cost of living and higher interest rates,
What the Spring Statement means for homeowners and renters Read More »
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