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Strong signs of regained stability are visible in the London rental markets

The London rental market is showing strong signs of returning to its pre-pandemic state. According to a recent report (by Foxtons), applicant demand decreased 24 percent from month to month. This is in line with the typical seasonal decline observed in the lettings m...

Read    16/02/2024

The Leasehold and Freehold Reform Bill advances

The Leasehold and Freehold Reform Bill continues to be in the limelight. In accordance with the commitments made in the King's Speech, it was presented to Parliament on November 27, 2023.

Read    15/02/2024

Open Banking - Concerns, benefits and other vital aspects of this powerful platform

Open Banking has been acknowledged as a wonderful technology that can bring far-reaching changes to the housing sector in the UK. However, there are many misconceptions in the stakeholders' minds regarding the technology's effectiveness. Is it a secure resource for a...

Read    15/02/2024

Flat Owners Fire Door Inspections Increase Service Charges

We discussed the practical implications of the new Fire Safety Act for managing agents and leaseholders elsewhere. In this blog, we examine service charges

Read    14/02/2024

EFG, set up by a group of farmers, is helping developers unlock house-building

The Environmental Farmers Group (EFG) is a cooperative formed by farmers in Hampshire, Wiltshire, and Dorset to carry out coordinated environmental projects on a catchment scale. The EFG consists of more than 230 farmers at present, covering 116,000 hectares, which a...

Read    09/02/2024

The business organisation urges flexibility in new short-term let regulations

In response to the Scottish Government's new licensing regime for short-term let platforms, Scottish Land & Estates, a rural business organisation, has urged that the authorities consider extending the Airbnb licensing deadline. They specifically point out the ch...

Read    09/02/2024

UK banks are offering mortgages for blocks of flats scarred by Grenfell cladding aftermath

In the aftermath of the infamous Grenfell Tower tragedy, UK banks were hesitant to provide loans for flats with cladding due to concerns about safety risks and the potential expenses associated with the remediation procedures. This has now changed. Recently, a shift...

Read    08/02/2024

Which UK political party is best for housing & house price growth?

Elections in the UK are not due until the end of January 2025, but it is almost guaranteed that the general election will be scheduled in 2024. Pulling in voters to the polling station during the Christmas and New Year holidays can be quite a challenge, and that’s wh...

Read    07/02/2024

Stakeholders demand setting timetables for smoke alarm and electrical safety revisions

Industry observers have responded sharply to two consultations on the proposed implementation of electrical safety standards and the compulsory installation of smoke and carbon monoxide alarms. These measures apply to all privately rented residences across Northern I...

Read    07/02/2024

New flood risk could devalue UK properties by more than 20 billion

UK homes may face an overvaluation exceeding 20 billion concerning flood risk if current conditions persist, indicating potential asset losses. The conclusion of the Flood Re scheme in 2039 is another major concern for homeowners. A BBC News report suggests that subj...

Read    30/01/2024

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