Scale of tax and mortgage bombshell on London and south east “eye-watering” May 22, 2024 The government has been criticised for a so-called “mortgage bombshell” hitting workers in the commuter belt after it emerged households are facing almost £9m in extra payments.
Labour’s new towns plan is not the answer to the housing crisis May 22, 2024 Solving the housing crisis means building near where people want to live, not creating white elephants in the middle of nowhere, says Ben Hopkinson Angela Rayner yesterday announced Labour’s plans for the next generation of new towns. Labour are planning to build these developments with high standards of design, quality, affordability, green spaces and infrastructure. [...]
Likewise Group shareholders set for bumper dividend as sales jump May 20, 2024 Shareholders in Likewise Group are set for a bumper payout after full-year sales hit £139.5m and the outlook for the UK flooring industry improved.
Nine in 10 landlords raise rents for existing tenants May 20, 2024 Tenants in Britain now face larger rent increases from renewing their existing contract instead of moving to a new property, new figures show, as landlords move closer towards open market rates.
Keir Starmer: Major UK business chiefs back Labour leader May 16, 2024 Keir Starmer has secured the backing of top business leaders, with the Boots boss and chief executive of housing developer Thakeham endorsing his party today. Their support was unveiled at a rally-style campaign event which saw the Labour leader and his shadow cabinet announce his six pledges which they call their “first steps for change”. [...]
Warnings rental reform could disincentivise landlords as bill returns to House of Lords May 16, 2024 Peers have been warned government moves to bring in rental reform risk making it “less attractive” to be a landlord.
Number of new homes built in 2024 plunges by a fifth in blow to government house building targets May 13, 2024 "Rises in the Bank of England's base rate have driven mortgage rates higher, leading to a drop in new home purchases and a slowdown in house price growth," Steve Wood, chief executive of the NHBC said.
Londoners are working 197 days a year just to pay the rent May 7, 2024 It will take the average Londoner until 16th June to earn enough before tax to cover their annual rent bill. The only way to bring prices down is to build more houses, says Sam Bidwell On average, for the first 125 days of 2024, English renters worked solely to pay their landlord. That’s according to [...]
LGIM boss calls for fewer ‘unscrupulous’ buy-to-let landlords in Britain May 6, 2024 An LGIM boss has lambasted what he describes as "unscrupulous" buy-to-let landlords, accusing many of providing poor housing for tenants.
London rejects most planning applications despite housing crisis May 3, 2024 The majority of councils refusing at least one in two submissions for new housing in 2023 are disproportionately in London, new data shows.