Insights

The UK’s Landmark Shift: Empowering Homeowners with Commonhold

The UK is embarking on a significant transformation of its property ownership system, shifting from the traditional leasehold model to commonhold. This reform aims to empower homeowners by granting them outright ownership of their properties and a share of the communal areas, eliminating hidden fees and fostering a sense of shared responsibility. By transitioning to commonhold, the government seeks to create a fairer and more transparent system, providing long-term security and greater control for residents. This shift marks a fundamental change in how properties are owned and managed in the UK, promising to reshape the landscape of homeownership.

EPC Regulation Shifts: Landlords Face Increased Costs and Uncertainty Amidst Pending Legislation

The EPC landscape is shifting, and landlords are caught in a web of uncertainty. Pending legislation means crucial questions remain unanswered: will your upgrades be compliant? Will your investments be wasted? Discover how to navigate this ambiguity.

Mortgage Market Reacts as Bank of England Cuts Rates to 4.5%

Breaking News: The Bank of England has lowered rates to 4.5%.

This could significantly impact the housing market. We break down what it means for borrowers and what to expect next.

The Renters’ Rights Bill: A Landlord’s Guide to the Changing Landscape

The UK rental market is bracing for a seismic shift. Forget ‘no-fault’ evictions and fixed-term contracts – the Renters’ Rights Bill is ushering in a new era of tenant power. Landlords, it’s time to adapt or get left behind. This landmark legislation introduces sweeping changes, from abolishing Section 21 to empowering tenants to challenge unfair rent hikes. But it’s not all doom and gloom for property owners. This guide breaks down the key provisions, offering landlords a roadmap to navigate this new landscape and ensure compliance while maintaining profitable tenancies.

UK Housing Market Predictions for 2025: Crash or Boom?

Despite a year of economic uncertainty and rising mortgage rates, the UK housing market has defied expectations, demonstrating remarkable resilience in 2024. But what does the future hold? Experts at Savills predict a positive outlook for 2025, with house prices expected to rise by up to 4% by year’s end. This optimistic forecast is fueled by falling inflation, anticipated reductions in interest rates, and continued strong demand, particularly from first-time buyers. However, the market isn’t without its challenges. Affordability remains a key concern, and regional variations are expected to play a significant role, with the North and Scotland potentially outperforming the South…

New Legislation Grants Councils Extensive Power Over Landlords

New legislation passed on December 23rd, 2024, has significantly expanded the power of councils to charge landlords and regulate the private rental sector in England and Wales. This law centers around “selective licensing,” requiring landlords to obtain a license for a fee to rent out their properties. While intended to improve housing standards, concerns have been raised about its effectiveness, potential to increase rents, and the impact of abolishing Section 21. Landlords are urged to understand the new requirements and contact their local council for details.

Halifax now lends more on homes with better EPCs

Halifax has thrown down the gauntlet to other mortgage lenders by directly linking borrowing capacity to a property’s energy efficiency. Those seeking a mortgage for an energy-guzzling home may find their loan options limited, while buyers of eco-friendly properties could unlock larger loans. This bold move signals a shift in the mortgage landscape, where green credentials are no longer just a ‘nice-to-have’ but a key factor in affordability.

The Landlord Exodus: Is the Party Over for Buy-to-Let?

Landlords are facing a challenging new reality. Tax hikes, including the phasing out of mortgage interest relief, are eating into profits. Meanwhile, a wave of new regulations, from the end of no-fault evictions to stricter energy efficiency standards, is adding to the burden. Many landlords are choosing to sell up, potentially impacting the availability and affordability of rental properties. Is this the end of the golden age of buy-to-let?

Landlords Face Tough Choices as EPC Deadline Looms

A new survey reveals that most landlords are aware of upcoming Energy Performance Certificate (EPC) regulations, but many are unprepared. Over two-thirds of landlords own properties that don’t meet the new ‘C’ target, raising questions about how they will adapt. Will they invest in upgrades, pass the costs on to tenants, or simply sell up? Read on to discover the challenges and opportunities facing landlords in the face of these new rules…