No ‘capacity’ for Ed Miliband’s warm homes plan, says British bank boss Property A UK banking chief has warned the government does not have the “capacity” to meet its ambition to transition millions of homes to low carbon-heating technologies. Nigel Terrington, the boss of specialist lender Paragon Bank, said Labour faced an “operational capacity constraint” in its bid to implement its warm home plan. The £15bn initiative, which [...]
Landlords rush to protect income over Renters’ Rights Act fears Property Landlords are racing to protect their income in response to the government’s divisive Renters’ Rights Act, which banned no-fault evictions and fixed tenancies. Private landlords have been rushing to secure income protection and rent guarantees since the reforms became law at the start of May, according to an AIM-listed firm. Rent Guarantor said it saw [...]
Labour ‘failing’ renters: Brits work for 133 days to pay landlords Property Today’s the day when Brits will finally stop working just to pay their landlords and start earning money for their own pockets, with 14 May the point in the year when the average tenant has brought in enough income to pay for a year’s accommodation. Known as the “cost of rent day”, it now arrives [...]
Renters’ rights act enters law amid warnings of landlord exodus May 1, 2026 The renters’ rights act came into force on Friday, amid warnings that private landlords have rushed to exit the rental market to avoid the new powers for tenants. The new law bans no-fault evictions and abolishes fixed-term contracts, with other elements including decent homes standards and a rental ombudsman still yet to be implemented. Law [...]
Chaos: Now Downing Street rules out rent freeze after backlash over ‘reckless’ rumours April 28, 2026 Downing Street has ruled out a rent freeze just hours after the Chancellor refused to distance herself from the policy while speaking in the Commons. The apparent kite flying sparked 24 hours of panic among residential landlords and economists, who dubbed the rumoured policy a would-be “disaster”. Reeves had reportedly been considering the policy to [...]
Reeves rent freeze: How did Chancellor turn to a Mamdani-style policy controversy? April 28, 2026 Reports of plans in Downing Street for a rent freeze came as a shock after a housing minister said Labour opposes the policy. Felix Armstrong explores why rent controls stoke so much controversy, from New York to Sweden. Rumours that Rachel Reeves is considering slapping a freeze on private rents shocked the property market on [...]
Reeves rent freeze proposal dubbed ‘disaster’ for renters and landlords April 28, 2026 Rachel Reeves has fuelled rumours she is considering a rent freeze as leading economists said the policy would be a “disaster” for renters and landlords. Addressing the Commons on Tuesday afternoon, the Chancellor was asked by a Labour MP to implement a freeze on private rents. “I will do everything in my power and use [...]
Majority of landlords to hike rent due to Reeves’ tax raid February 6, 2026 The majority of landlords increasing rents blamed Rachel Reeves’ new tax on property income from April next year, a survey has shown. According to the National Residential Landlords Association (NRLA), two thirds of landlords (65 per cent) raising prices over the next year cited the government’s plans to charge a two percentage point tax rate [...]
Starmer caps ground rents after fears of Rayner-led rebellion January 27, 2026 Sir Keir Starmer has introduced a cap on ground rents following fears of an MP rebellion led by the former deputy Prime Minister Angela Rayner. The Prime Minister announced the new move – which will cap ground rents at £250 a year for leaseholders in England and Wales – on TikTok, saying it will “make [...]
Rent control law to ‘knock £11bn’ off commercial property January 8, 2026 New legislation introducing rent controls could lead to £11bn being stripped from commercial property values, fresh analysis has shown, in the latest blow to the confidence for investors. The government is proposing a ban on upward-only rent hikes on commercial property in a bid to support small businesses with costs. The proposed ban can be [...]