News Archive for June - 2018

New HMO and Licencing Guidelines

On Wednesday, the Ministry of Housing, Communities and Local Government (MHCLG) published new guidelines for the upcoming legislative changes for HMOs and selective licencing announced last month.

The guidance document details the new legislations, such as introducing a minimum bedroom size to tackle overcrowding and extending mandatory licensing to smaller HMO properties to bring greater balance to the landlord and tenant ...

Rent To Buy - Might This Be the Next Big Idea From the Government?

There is an ongoing arrangment for Conservative MP Gary Streeter to soon meet with Prime Minister Theresa May and urge her to promote the Rentplus rent to buy initiative as a way of combatting the housing crisis.

It was revealed that the meeting could involve a number of Tory MP who are anxious that Brexit is overshadowing the need to move on different proposals to improve housing provision, especially for younger voters.

Streeter is a ...

Britain's Housing Model is Changing

Britain might be moving towards a German housing style with a high proportion of the young population choosing to rent rather than buy.

Of the estimated 18.5 million renters in the UK, over two thirds (70% or 12.3 million adults) have no plans to purchase a property.

While price is a factor, many people are increasingly comfortable with the flexibility afforded by renting a property rather than jumping into home ownership.

61% ...

Cuts in asking prices reach six-year peak as market may be stalling

More stock and longer times on the market are combining to create a surge in asking price reductions according to a market monitor.

A website which analyses some 500,000 asking prices each month, excluding those properties priced above Ł1m - has issued a series of statistics to illustrate the current state of the market, which it describes as “threatening to stall”.

For example, there’s been a major increase in the number of homes on ...