The full budget can be seen here. In summary: Housing mentioned 19 times All were vague with no specifics for either PRS or SRS Levelling up - Devolved to local authorities Affordable housing 2021 spending review £24 Bn Ambition to deliver 300,000 new homes -...
The British Property Federation is calling on the government to use next week’s Budget to zero-rate VAT on work which allows homes to improve their energy efficiency. The BPF argues that the government has a critical role to play in supporting property owners and needs to act to relieve the pressures facing those in the […]
According to market analyst TwentyCi house prices have already plunged by almost a fifth in some areas, with the biggest drop being in Southampton, where agreed sales prices nosedived from a peak of £463,000 in June to £383,350 last month. Additionally, Jonathan Hopper, of buying agents Garrington Property Finders, said Southampton was facing a “mass […]
An extra 356,000 UK mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind, according to the City regulator. This has been reduced from a previous estimate made last September that an additional 570,000 mortgage borrowers could become financially stretched by the end of June […]
The House of Commons Library has issued a report on the Local Housing Allowance (LHA). It can be seen here, and says: What is Local Housing Allowance (LHA) LHA is not a benefit in its own right. It sets maximum amounts claimants of Universal Credit and Housing Benefit can usually get in housing support for […]
The Royal Institute of Chartered Surveyors (RICS) UK residential market survey has been published, and can be seen here. They report that new buyer enquiries is reduced on a seasonally-adjusted basis, but has shown improvement on last month. As they put it ‘it is also the least negative result since July of last year.’ Sam […]
Mark Alexander – Founder of Property118, has published an article asking why a landlords business is not treated the same as any other business. It can be seen here, and says: property rental businesses, especially privately owned ones, have a much tougher deal when it comes to tax. For example: – Private car rental business […]
UK Halifax house prices grew by 1.1% in February month-on-month, outpacing expectations for a drop of 0.3% and accelerating from January and December at 0.2% and -1.3% respectively. Year-on-year, house prices grew by 2.1%, also ahead of forecasts and unchanged for the third consecutive month. Annual growth slowed across all nations and regions in February. […]
Hackney Council has stated that ‘Landlords who put lives at risk by ignoring serious damp and mould issues will face fines and legal action after the Council agreed record new investment to improve living conditions and step up enforcement against rogue landlords.’ They have added an additional 25% increase in funding (£400,000) a year to […]
A cross-party group of MPs and peers has suggested that landlords who don’t upgrade their properties should be liable for mortgage penalties. The All-Party Group on a Green New Deal believes there should be a 1% mortgage interest rate premium levied on all buy-to-let properties with an EPC below band C which would be fully […]
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The full budget can be seen here. In summary: Housing mentioned 19 times All were vague with no specifics for either...
The British Property Federation is calling on the government to use next week’s Budget to zero-rate VAT on work which...
According to market analyst TwentyCi house prices have already plunged by almost a fifth in some areas, with the...
Today the ONS confirmed Government is still spending almost £9bn on energy price subsidy and support.
iHowz ask why 2 years on the new MEES are not published and only limited finance available for energy efficiency in homes
https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/bulletins/publicsectorfinances/february2023
@iHowz, @DLUHC, @HMTreasury
