Specialist high rise practice launches
Block management firm LRPM has created a specialist practice focusing on high rise residential blocks. There are now separate regulations for buildings over 80 metres tall following the Grenfell Tower…
Property sales finally picking up again
Monthly demand for properties has finally risen after months of being in a malaise, the UK Residential Market Survey from the Royal Institution of Chartered Surveyors has found. New buyer…
New mortgage guarantee scheme to unveiled next week
Details of the permanent successor to the mortgage guarantee scheme are set to be announced next Tuesday by Chancellor Rachel Reeves. Dubbed ‘Freedom to Buy’, the permanent successor to the…
North East businesses seeing rising struggles
The North West overtook Greater London as the region with the most business failures, analysis by law firm Shakespeare Martineau has found. There were 165 administrations in the North West…
Loan-to-income mortgage rules loosened – but lenders want more
Regulators have opted to remove mortgage loan-to-income limits for lenders with a residential loan book of less than £150 million – meaning more smaller lenders don’t have to abide by…
Leaseholders to be handed powers to challenge service charges
Leaseholders will be able to more easily challenge extortionate service charges subject to a consultation on the subject. Matthew Pennycock, housing minister, told Sky News: “The system has some inherent…
Tenants will have to pay extra deposit to keep pets
The Renters’ Rights Bill has been amended so tenants keeping pets will have to pay an extra deposit to cover any damage. The deposit will be an additional three weeks’…
House of Lords hand student landlords the power to evict tenants
The House of Lords have altered the Renters’ Rights Bill by giving student landlords more power to evict tenants. An amendment to Ground 4A means landlords of one- and two-…
Social homes to be retrofitted via government-backed fund
Lloyds Banking Group and Peabody have signed a £60m loan agreement to fund the sustainable retrofit of thousands of social homes across London and the Southeast. The loan, partially guaranteed…
House prices remain flat after “pushing affordability to the limit”
Property prices were flat in June after falling by 0.3% in May, Halifax’s house price index has revealed. The long-term trend has still been a price uplift however, as the…