Take advantage of our discounted landlord insurance ratesUK residents are paying higher #property taxes than anywhere else in the developed world, with receipts soaring past £80bn for the first time. https://t.co/NU2LPObUjN
— LegalforLandlords (@Legal4Landlords) November 30, 2017
Thursday, November 30, 2017
UK property taxes soar past £80bn
'No fault' possession comes to an end in Scotland
Take advantage of our discounted landlord insurance rates‘No-fault’ possession comes to an end in Scotland! https://t.co/OwtsCZSYmm pic.twitter.com/NGd3B01LC0
— NLA (@nationalandlord) November 30, 2017
Muted house price growth - Nationwide
UK house price growth disappoints as new figures show slip in average prices https://t.co/fUE08NnmQ2— Telegraph Property (@TeleProperty) November 30, 2017
House price growth remains muted https://t.co/phdFxW9JBy— FTAdviser (@FTAdviser) November 30, 2017
Take advantage of our discounted landlord insurance ratesStamp duty giveaway in #Budget2017 will have 'modest impact' on property demand and prices, says Nationwide https://t.co/E4PXMtD2Vw— Kevin Peachey (@PeacheyK) November 30, 2017
Precise's income-supported BTL loans
Precise to enter income-supported buy-to-lethttps://t.co/dsocc1ZJqq— Mortgage Strategy (@MortgageStrat) November 30, 2017
Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446
The BTL expenses minefield
Take advantage of our discounted landlord insurance ratesThe buy-to-let expenses minefield https://t.co/YSMg4CTojV
— Investors Chronicle (@IChronicle) November 30, 2017
New ombudsman to cover private and social renting
Take advantage of our discounted landlord insurance ratesJavid announces plans for a new ombudsman covering private and social sectors #ukhousing https://t.co/DRJhtNnRYC pic.twitter.com/MXehBY7EWI
— Inside Housing (@insidehousing) November 30, 2017
Wednesday, November 29, 2017
Foundation's max portfolio lending up to £3m
Foundation lifts portfolio lending cap to £3m - https://t.co/4u1FVvGE2V
— Mortgage Solutions (@mortgagesols) November 28, 2017
Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446
UK housing stock valued at +£6tn
Take advantage of our discounted landlord insurance ratesValue of UK's housing stock soars past £6tn https://t.co/c0HwrUKEmy
— Guardian Business (@BusinessDesk) November 29, 2017
BofE fears over BTL if recession hits
Take advantage of our discounted landlord insurance ratesLosses on BTL mortgages four times greater than resi if recession hits, warns BoE - https://t.co/XxPrAtDm5A
— Mortgage Solutions (@mortgagesols) November 28, 2017
Tuesday, November 28, 2017
OECD warns BofE against further rate rise
Take advantage of our discounted landlord insurance ratesOECD warns Bank of England against further rate rises https://t.co/CjCT0w8GiG
— FTAdviser (@FTAdviser) November 28, 2017
BBC campaign against bad landlords
Take advantage of our discounted landlord insurance ratesVictoria Derbyshire programme - leading the battle against bad landlords https://t.co/xdePUSxtgb #property
— NALScheme (@NALScheme) November 28, 2017
Owning a property is more of a pain than renting
Take advantage of our discounted landlord insurance ratesI thought being a homeowner would solve all my woes – but it’s a bigger pain than renting | Stuart Heritage https://t.co/XWvkh7lOE9
— Guardian Money (@guardianmoney) November 28, 2017
Rapid growth of Airbnb in London
Take advantage of our discounted landlord insurance ratesEXCLUSIVE: number of 'whole property' @Airbnb rentals increase by a third over past 12 months in London. see: https://t.co/nvplQYCuqd @theAirDNA pic.twitter.com/IBW0Ac0fqL
— Nigel Lewis (@property_whore) November 28, 2017
Uk commercial property out of favour
Take advantage of our discounted landlord insurance ratesUK commercial property no longer investors' favourite https://t.co/qAwncecCeD
— FTAdviser (@FTAdviser) November 28, 2017
Bill to make rents part of credit history
Take advantage of our discounted landlord insurance ratesBird’s bill to make rental payments part of tenants’ credit histories https://t.co/I5kbrgMBcR via @https://twitter.com/TheNeg
— The Negotiator (@TheNeg) November 27, 2017
Budget - good and bad for housing sector
Take advantage of our discounted landlord insurance ratesGood and bad news for the housing sector in the UK's Autumn Budget, says Savills Helen Collins on our blog: https://t.co/I1tBup8D5l #SAHS17 pic.twitter.com/R9M7ZZXxv2
— Savills (@Savills) November 27, 2017
Poor part of Brum sees fastest house price growth
Take advantage of our discounted landlord insurance ratesBirmingham area named poorest in UK has fastest house price rises https://t.co/CVNV2oX6NT
— Guardian Money (@guardianmoney) November 28, 2017
Deposit dispute - claiming for smells
Take advantage of our discounted landlord insurance ratesProving a smell exists is very difficult especially when it comes to providing evidence for a deposit dispute. Find out how to claim here - https://t.co/e83Gbc8MSS pic.twitter.com/Z5aj2HUFcT
— mydeposits (@mydeposits) November 27, 2017
London property = 14.5 x average earnings
Take advantage of our discounted landlord insurance ratesLondon house prices now a record 14.5x average earnings, as Barclays reveals the fastest-growing areas https://t.co/Et514mb2nM
— Telegraph Property (@TeleProperty) November 28, 2017
ARLA's latest PRS Report
Take advantage of our discounted landlord insurance ratesIn October, the number of properties letting agents managed per branch fell to a 12 month low. On average, each branch had 182, down from 189 in September. https://t.co/skle05obHp pic.twitter.com/JUvJmui5dE
— ARLA Propertymark (@arla_uk) November 27, 2017
Leeds, Manchester, Birmingham could see 25% growth
Take advantage of our discounted landlord insurance ratesLeeds, Manchester and Birmingham could see house price growth of 25% https://t.co/dVTUD3cbOL pic.twitter.com/hDKyGnujnW
— Mortgage Introducer (@MortgageChat) November 28, 2017
Monday, November 27, 2017
Paragon scraps fees on BTL portfolio products
Paragon has removed valuation and application fees on all its buy-to-let Portfolio products
Promotion follows the release of four new 2-year fixed Portfolio products in October
Paragon has removed valuation and application fees from its entire range of buy-to-let Portfolio products.
The normal application fee of £150 and valuation fee are being waived for a limited time only.
This promotion follows the launch of four new 2-year fixed Portfolio products, starting at 2.99% at 75% loan to value (LTV) for single self-contained units and 3.20% for HMO / MUB, in October.
John Heron, Managing Director – Mortgages at Paragon said: “It’s important to us that our buy-to-let products represent the very best value and choice to our landlord customers and intermediary partners.
“This offer, whilst only available for a limited time, does just that and we hope it will be a welcome piece of good news for landlords in an otherwise challenging market of late.”
Promotion follows the release of four new 2-year fixed Portfolio products in October
Paragon has removed valuation and application fees from its entire range of buy-to-let Portfolio products.
The normal application fee of £150 and valuation fee are being waived for a limited time only.
This promotion follows the launch of four new 2-year fixed Portfolio products, starting at 2.99% at 75% loan to value (LTV) for single self-contained units and 3.20% for HMO / MUB, in October.
John Heron, Managing Director – Mortgages at Paragon said: “It’s important to us that our buy-to-let products represent the very best value and choice to our landlord customers and intermediary partners.
“This offer, whilst only available for a limited time, does just that and we hope it will be a welcome piece of good news for landlords in an otherwise challenging market of late.”
Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446
Are rents half of income?- Factcheck
Take advantage of our discounted landlord insurance ratesAre we spending more than half our income on rent? Read the factcheck: https://t.co/rJ1Ppb5WAT
— Full Fact (@FullFact) November 25, 2017
How Stamp Duty savings stack up
Take advantage of our discounted landlord insurance ratesTake a look at how the stamp duty savings stack up in cities across the country: https://t.co/1Ox6RaUoNu
— ES Homes & Property (@HomesProperty) November 25, 2017
Stamp Duty change give FTBs edge over landlords
Take advantage of our discounted landlord insurance ratesBlog: Stamp duty changes give first home buyers the edge on landlords https://t.co/BDC273n9ip
— Daniel Farey-Jones (@DanFareyJones) November 25, 2017
Property increasingly unaffordable
Take advantage of our discounted landlord insurance ratesProperty unaffordable for 100,000 households a year in England https://t.co/kCnfL4pnqN
— Guardian news (@guardiannews) November 27, 2017
The rise of suburbia's 'pop up' brothels
Take advantage of our discounted landlord insurance ratesHow ‘pop-up’ brothels transformed Britain’s suburban sex industry https://t.co/VJEy9AVa3u
— Guardian news (@guardiannews) November 25, 2017
When home boundaries are wrong
Take advantage of our discounted landlord insurance ratesHouse for sale: only problem is the neighbours own half your bedroom https://t.co/67zbjkXXgU
— Guardian Money (@guardianmoney) November 26, 2017
Universal Credit changes explained
Take advantage of our discounted landlord insurance ratesUniversal Credit changes: The RLA's Universal Credit adviser and trainer Bill Irvine explains what you need to know https://t.co/Zic262Q9dY
— RLA Landlord News (@RLA_News) November 26, 2017
Sunday, November 26, 2017
Banks to keep Libor until 2021
Take advantage of our discounted landlord insurance ratesBanks to keep Libor alive until 2021 https://t.co/j4gcdUhggL
— FTAdviser (@FTAdviser) November 24, 2017
Retirement for Rent - report
Take advantage of our discounted landlord insurance ratesOur #RetirementforRent report found that there is a strong link between the quality of housing with physical, mental and emotional #wellbeing @Savills https://t.co/8sIluE1lRe pic.twitter.com/GBMQwIZP0U
— Trowers & Hamlins (@Trowers) November 23, 2017
What do students really want from a rental?
Take advantage of our discounted landlord insurance ratesPrivacy, study areas and flexible tenancies: find out what students really want from accommodation on our blog: https://t.co/ipz4C1Rw5t pic.twitter.com/Y5YTIE8S7F
— Savills (@Savills) November 23, 2017
Saturday, November 25, 2017
Latest Regional Lending data
Take advantage of our discounted landlord insurance ratesUK Finance Regional Monthly Lending data out today. Find it here: https://t.co/9gk9gtlup6 pic.twitter.com/S9btyBR3Yf
— UK Finance (@UKFtweets) November 23, 2017
Paragon grows new lending by 29%
Paragon grows new lending by 29% to £1.9bn https://t.co/fYPc8Lf2xm pic.twitter.com/X9YpZ3tV3i— Mortgage Introducer (@MortgageChat) November 23, 2017
Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446
Airbnb expands into stays for disabled travellers
Take advantage of our discounted landlord insurance ratesAccess all areas: Airbnb expands into stays for disabled travellers https://t.co/UYUzHSKerS
— Guardian news (@guardiannews) November 27, 2017
Uk Finance November lending data
Take advantage of our discounted landlord insurance ratesUK Finance Update on Lending out now: https://t.co/EWaT3yEeQN pic.twitter.com/n2GfFzxemh
— UK Finance (@UKFtweets) November 24, 2017
Friday, November 24, 2017
Rent Smart Wales - 4,000 landlords letting illegally
Take advantage of our discounted landlord insurance ratesRent Smart Wales: 4,000 landlords 'letting illegally' https://t.co/PDf97Inusm
— BBC Business (@BBCBusiness) November 24, 2017
Rents up 2.4% - YourMove rental data
Take advantage of our discounted landlord insurance ratesRents up 2.4% as market continues to shift away from London – Your Move - https://t.co/1Xb7YHmGsQ
— Mortgage Solutions (@mortgagesols) November 24, 2017
Budget maths for BTL landlords
Take advantage of our discounted landlord insurance ratesMore maths for everyone, especially buy-to-let landlords https://t.co/RfOP4JewaO
— FT Property (@ftproperty) November 24, 2017
Assessing a Build to Rent project
Take advantage of our discounted landlord insurance ratesResearch, research, research is the mantra for build to renthttps://t.co/KCz9m0eBAz pic.twitter.com/nQYBAmgg7Q
— Allsop (@AllsopLLP) November 24, 2017
Thursday, November 23, 2017
New stamp duty charges at a glance
Take advantage of our discounted landlord insurance ratesNew stamp duty charges at a glance @knightfrank #Budget2017 pic.twitter.com/qJ9Y7uC6Po
— Gráinne Gilmore (@ggilmorekf) November 23, 2017
Stamp duty cut to push up prices
Stamp duty cut for first-time buyers will push up prices, warns OBR https://t.co/dVXxjvfbqJ
— Guardian news (@guardiannews) November 22, 2017
Take advantage of our discounted landlord insurance ratesStamp duty cut benefits sellers more than buyers https://t.co/0fNycFLdtH
— Simon Allin (@SimonAllin3) November 22, 2017
Empty homes -100% council tax increase
Take advantage of our discounted landlord insurance ratesEmpty homes council tax rise unlikely to deter rich owners, say critics https://t.co/LQT1o5yo61
— Guardian news (@guardiannews) November 22, 2017
£125m Budget support for renters on benefits
Take advantage of our discounted landlord insurance ratesBudget 2017: £125m support for renters on benefits - https://t.co/JMGjzylsfS
— Mortgage Solutions (@mortgagesols) November 22, 2017
More property focused Budget reaction
Still digesting yesterdays budget announcement? Find out what this means for the housing market here - https://t.co/JPNuRxMgv2 pic.twitter.com/MYeTqKFT3C
— mydeposits (@mydeposits) November 23, 2017
EG's verdict on the budget. Did Hammond get it right, and our round up of all the key points for property. https://t.co/9ptNMr6WUg pic.twitter.com/wzOawEbcZY
— Estates Gazette (@EstatesGazette) November 23, 2017
Take advantage of our discounted landlord insurance rates#Budget2017: Initial reaction https://t.co/I0EJBV11L6 pic.twitter.com/5iy5XqIPo5
— Knight Frank (@knightfrank) November 22, 2017
The Daily Mash sums up Budget policy
Take advantage of our discounted landlord insurance ratesThe Daily Mash nails it on stamp duty, house prices & the housing market.#ukhousinghttps://t.co/ATGNMrPjxI pic.twitter.com/99VMjLkQiW
— Noble Francis (@NobleFrancis) November 23, 2017
Wednesday, November 22, 2017
Key Budget points for landlords
Universal credit
£1.5bn to remove seven-day waiting period; new claimant in receipt of housing benefit will get it for two weeks.
Stamp duty
First time buyers will have no stamp duty on homes up to £300,000, or on the first £300,000 of properties up to £500,000.
Rents
£125m of funding over the next two years to help 140,000 people.
Housing
- 100% council tax premium on empty properties.
- £28m in three new housing pilot schemes – in the West Midlands, Manchester and Liverpool – to halve rough-sleeping by 2022 and eliminate it by 2027.
- £44bn of capital funding to help build 300,000 homes annually by mid-2020s.
- New money for home builders fund.
- £630m ‘small sites fund’.
- £8bn of financial guarantees to support private housebuilding.
- £2.7bn housing infrastructure fund.
- £1.1bn for new urban regeneration.
- £34m to train construction workers.
- A review to be chaired by Oliver Letwin to look at ways to speed up planning permission.
- Five new garden towns.
- One million new homes on the Cambridge-Milton Keynes-Oxford corridor by 2050.
ARLA's David Cox, comments:“There were a number of positive announcements in relation to homes for consumers in today’s Budget. We are pleased that the government will consult on longer term and more secured tenancies, this feels to be in line with the holistic approach they are taking towards the rental market. We also welcome the launch of the Homelessness Reduction Taskforce and look forward to working closely with them in the future.”
Emoov's Russell Quirk comments: “The Treasury’s ‘pledge’ to build more homes is a story we’ve been told many times before, but these well-worn, heady platitudes have not been fulfilled since way, way back in 1969 when the Beatles were topping the charts.
The likelihood of hitting the ambitious target of 1 million homes by 2050 is slim, to say the least, and one that is unlikely to be hit. The ‘urgent’ review of the gap in planning permission and the actual building of houses is also far too little too late and should have been implemented many budgets ago.
A cut in stamp duty for first-time buyers is the only real sign of good intent by Chancellor Hammond and one that may help reignite the property market momentarily, but some may say acts as yet another diversion from the elephant in the room of a continued failure to build a meaningful number of affordable homes. Indeed a cynical electoral bribe.”
Tim Walford-Fitzgerald, private client tax partner at the chartered accountants HW Fisher & Company, comments: “Buy-to-let landlords could be forgiven for pinching themselves. For once they’ve not been the whipping boys of a Budget. After years of being portrayed as the villains of the property market, they’ve escaped further unwanted attention from a Chancellor who has instead chosen to focus on the housing market’s fundamentals rather than seeking scapegoats.
Andrew Turner, chief executive at Commercial Trust Limited comments "The Government’s ambitions for an improved Universal credit process and a consultation into longer-term tenancy agreements and in so-doing has delivered positive affirmation of the importance of buy-to-let for the long-term."
Budget is jam tomorrow for the PRS https://t.co/NWuRRHRUAT— RLA Landlord News (@RLA_News) November 22, 2017
eMoov founder cynical about Hammond’s Budget https://t.co/EcnTjLydLo pic.twitter.com/9VwHFCGSi6— Mortgage Introducer (@MortgageChat) November 22, 2017
Here is all our Budget coverage so far https://t.co/cRDjrmltnt #ukhousing #Budget2017 pic.twitter.com/uqQuWeNSMM— Inside Housing (@insidehousing) November 22, 2017
What does #Budget2017 mean for landlords? We break it down https://t.co/RgD2HpryOR pic.twitter.com/iASQzAWPFs— NLA (@nationalandlord) November 22, 2017
What's in it for me? Landlords were left disappointed by today's budget - being largely ignored by the chancellor. So what is actually changing? https://t.co/C1cqLJo6qJ #Budget2017— RLA Landlord News (@RLA_News) November 22, 2017
Read our analysis of the #Budget2017 implications for the planning and development sectors here:https://t.co/jBf2F7uMiK pic.twitter.com/CdWMGu54qI— Lichfields ThinkTank (@LichfieldsTT) November 22, 2017
#Budget2017: Savills researchers comment on #StampDuty changes and what it means for UK housing delivery: https://t.co/PaYBJoMqLT pic.twitter.com/QxBUkFSV0U— Savills (@Savills) November 22, 2017
Figures from around the #UKhousing sector have started to respond to #Budget2017 - https://t.co/e8Ri89snng pic.twitter.com/nNAdTr93Sj— 24housing Magazine (@24housing) November 22, 2017
In the wake of today's news that #stampduty is to be abolished for all first-time buyers up to £300,000 - Rightmove Director Miles Shipside offers his advice. >> https://t.co/JTsMYE0VEj #Budget2017 #TheChancellor pic.twitter.com/C8HD23ilfs— Rightmove (@rightmove) November 22, 2017
Budget 2017: £125m support for renters on benefits - https://t.co/JMGjzylsfS— Mortgage Solutions (@mortgagesols) November 22, 2017
Stamp Duty cut for FTBs
Stamp duty cut for first-time buyers hopes to fix housing market https://t.co/pzmq2w6n5Q— Guardian Money (@guardianmoney) November 22, 2017
Stamp duty scrapped for most first-time buyers https://t.co/7BfFYs6ALx
— FTAdviser (@FTAdviser) November 22, 2017
Take advantage of our discounted landlord insurance ratesDefinition of a first time buyer is fairly straight forward - someone who's never owned a residential property and intends to live in the place they're buying - no first time buyer landlords!https://t.co/r8M5GL7scS pic.twitter.com/NZALiIjEAA
— Johnny Morris (@AskJohnnyMorris) November 22, 2017
Budget's key points - at a glance
Key points from budget 2017 – at a glance https://t.co/yMOyxUZfPt
— Guardian Money (@guardianmoney) November 22, 2017
Budget 2017 summary: Key points at-a-glance https://t.co/cpw2ZvVFji
— BBC Business (@BBCBusiness) November 22, 2017
Take advantage of our discounted landlord insurance ratesFirst-time buyer stamp duty cut gets mixed reception https://t.co/LsDJcKApWk pic.twitter.com/kklxRUxCjY
— Mortgage Introducer (@MortgageChat) November 22, 2017
ONS - private rental prices rising slowly
Take advantage of our discounted landlord insurance ratesIn England, private rental prices in North East rising at slowest pace (0.2%) in the year to Sept 17, South East sees fastest growth (2.4%) https://t.co/i4IOkvF8uD #Budget2017
— Chris Jenkins (@stats_chrisj) November 22, 2017
Scotland's new 'Rent Pressure Zones'
Take advantage of our discounted landlord insurance ratesRent Pressure Zones: A positive move for #Edinburgh tenants? We take a look at what rent pressure zones could mean for the Edinburgh lettings market #blog https://t.co/Fp34ZHkXLj pic.twitter.com/6yYyZg9XjI
— Clan Gordon Limited (@ClanGordonLtd) November 22, 2017
Resi planning apps down by a third
Take advantage of our discounted landlord insurance ratesResidential planning applications crash by a third. Further confirmation of a slow down in the market, if you needed it. https://t.co/UmPMyqY4bW pic.twitter.com/dY7OQRIWVA
— Paul Wellman (@PaulWellman_EG) November 22, 2017
Relaxing The Green Belt Could Halt The Housing Crisis
Higher interest rates will exacerbate the housing crisis if the government fails to act
With the announcement of the first rise in interest rates in 10 years earlier this month, came speculation about how the news would affect housing markets, homeowners, housebuilders and the wider economy. Uncertainty is endemic. Beyond this, it is predicted that interest rates will continue to rise throughout 2018, making those in the planning and property industry edgy.
Instinctively, with the rise of interest rates, we expect to see house prices fall and mortgage rates rise. This provides those who build property with an incentive to hold off on building. For a nation in the midst of an acute housing crisis, this could spell disaster.
Councils are already failing to meet social housing targets and have large waiting lists for social housing – reluctant house-builders will only promote the dithering of local councils torn between appeasing residents, developers and government policy.
In reality, the only thing we can expect with any certainty is uncertainty, particularly with the ever-present figure of Brexit looming on the horizon. Uncertainty makes buyers nervous, which in turn will make developers nervous. This will slow down the rate at which housing is being built. Regardless of interest rates, if there isn’t enough property, housing and rent prices will remain high. Those looking to become homeowners or tenants will be faced with even fewer options and this is surely the last outcome the Government wants to achieve.
As it stands now, housing and planning policies benefit the asset rich and penalise the cash poor. The current restrictions allow developers and councils to avoid providing sufficient social housing. They restrict progress and growth – the repercussions will have knock-on effects for issues such as social mobility and homelessness.
The limiting nature of the policies has been noted, with housing associations imploring the Chancellor and indeed the planning minister to relax planning laws regarding the height of properties; allowing developers to build ‘up not out’. The implication is clear – developers urgently need more space. But it is not as though this space doesn’t exist in the UK; these demands beg the question: why not re-think the principles of the green-belt and at least consider the prospect of building sensibly on greenfield sites?
The rise in interest rates has the potential to bring the housing crisis to head, but the Government are yet to exhaust their options when it comes to changing planning policy – they are yet to come even close. If developers have reason to become more reluctant to build, they don’t need to be faced with policy that allows them to limit the amount of housing – particularly social housing – they need to be encouraged to build.
We are faced with uncertainty in vast quantities. The Government has actions it can take and it is time that it took them. The Government need to fully addresses the flaws in its current planning and housing policies urgently, before its starts borrowing yet more money to address the issue.
We owe it to the future generations to sort this chaotic mess out.
By Monika Juneja, Director of Fortitude Dynamics.
With the announcement of the first rise in interest rates in 10 years earlier this month, came speculation about how the news would affect housing markets, homeowners, housebuilders and the wider economy. Uncertainty is endemic. Beyond this, it is predicted that interest rates will continue to rise throughout 2018, making those in the planning and property industry edgy.
Instinctively, with the rise of interest rates, we expect to see house prices fall and mortgage rates rise. This provides those who build property with an incentive to hold off on building. For a nation in the midst of an acute housing crisis, this could spell disaster.
Councils are already failing to meet social housing targets and have large waiting lists for social housing – reluctant house-builders will only promote the dithering of local councils torn between appeasing residents, developers and government policy.
In reality, the only thing we can expect with any certainty is uncertainty, particularly with the ever-present figure of Brexit looming on the horizon. Uncertainty makes buyers nervous, which in turn will make developers nervous. This will slow down the rate at which housing is being built. Regardless of interest rates, if there isn’t enough property, housing and rent prices will remain high. Those looking to become homeowners or tenants will be faced with even fewer options and this is surely the last outcome the Government wants to achieve.
What can be done?
Those in power still have the ability to prevent the rate of building slowing down. The answer isn’t more borrowing – it’s a serious investigation and emendation of current planning and housing policies.As it stands now, housing and planning policies benefit the asset rich and penalise the cash poor. The current restrictions allow developers and councils to avoid providing sufficient social housing. They restrict progress and growth – the repercussions will have knock-on effects for issues such as social mobility and homelessness.
The limiting nature of the policies has been noted, with housing associations imploring the Chancellor and indeed the planning minister to relax planning laws regarding the height of properties; allowing developers to build ‘up not out’. The implication is clear – developers urgently need more space. But it is not as though this space doesn’t exist in the UK; these demands beg the question: why not re-think the principles of the green-belt and at least consider the prospect of building sensibly on greenfield sites?
The rise in interest rates has the potential to bring the housing crisis to head, but the Government are yet to exhaust their options when it comes to changing planning policy – they are yet to come even close. If developers have reason to become more reluctant to build, they don’t need to be faced with policy that allows them to limit the amount of housing – particularly social housing – they need to be encouraged to build.
We are faced with uncertainty in vast quantities. The Government has actions it can take and it is time that it took them. The Government need to fully addresses the flaws in its current planning and housing policies urgently, before its starts borrowing yet more money to address the issue.
We owe it to the future generations to sort this chaotic mess out.
By Monika Juneja, Director of Fortitude Dynamics.
HMO planning restrictions in Wales
Take advantage of our discounted landlord insurance ratesRead the second installment of our brand new series 'Student Spotlight'. Just in time for our Future Renting Wales Conference next week! https://t.co/RcmwqjRnFl
— RLA Landlord News (@RLA_News) November 21, 2017
What will the budget hold for landlords?
Take advantage of our discounted landlord insurance ratesWhat will tomorrow’s budget hold for residential landlords? https://t.co/PX8iozv8dN #Budget2017 #PRS #landlords
— RLA Landlord News (@RLA_News) November 21, 2017
Tuesday, November 21, 2017
Tenants expect to move in quickly
Take advantage of our discounted landlord insurance ratesTenants expect to move in quickly https://t.co/3vJl2IYNI9 pic.twitter.com/VASEG35dBE
— Mortgage Introducer (@MortgageChat) November 21, 2017
Broker BTL deals defy gloom
Take advantage of our discounted landlord insurance ratesBroker buy-to-let deals defy gloom to surge ahead https://t.co/9vp2b1NLxo
— FTAdviser (@FTAdviser) November 21, 2017
Only 3 in 100 towns building enough
Take advantage of our discounted landlord insurance ratesOnly three in 100 UK towns are building enough houses to keep up with rapid rising rate of British population https://t.co/Kkxa9VmsWv #property
— The PM People (@TpmpHello) November 21, 2017
A BTL tax break could help housing crisis
Take advantage of our discounted landlord insurance ratesA Buy to Let tax break could be the ‘silver bullet’ for the housing crisis, a sector commentator says - https://t.co/09Km8skbrR #ukhousing pic.twitter.com/DnUMBs97EC
— 24housing Magazine (@24housing) November 21, 2017
Stamp Duty levy hurting but not working
Take advantage of our discounted landlord insurance ratesStamp duty levy hurting but not working for anyone https://t.co/uT0zlK5X6x
— RLA Landlord News (@RLA_News) November 21, 2017
Resilient market sees house sales climb
Take advantage of our discounted landlord insurance ratesHouse sales climb in signs of resilient market https://t.co/FNyJEu82xK
— FTAdviser (@FTAdviser) November 21, 2017
Newcastle slashes BTL mortgage rates
Newcastle slashes buy-to-let and self-employed rates https://t.co/4QIBSVFh6r pic.twitter.com/9GFPuOetzg— Mortgage Introducer (@MortgageChat) November 21, 2017
Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446
Does England need 300k new homes?
Take advantage of our discounted landlord insurance ratesBudget 2017: Does England need 300,000 new homes a year? Another interesting @BBCRealityCheck https://t.co/2ijHj169lD
— ResolutionFoundation (@resfoundation) November 21, 2017
Call to scrap Stamp Duty levy form RLA
Take advantage of our discounted landlord insurance ratesRLA: Time to scrap stamp duty levy https://t.co/JoYDnOXjZn pic.twitter.com/UWrRHjj2zN
— Mortgage Introducer (@MortgageChat) November 21, 2017
Do we really have a shortage of homes?
Take advantage of our discounted landlord insurance ratesBrilliant #ukhousing article by @geographyjim.
— Joe Sarling (@joesarling) November 21, 2017
Do we have a shortage of homes? Let's compare housing stock to: 1. households; and 2. 'family units' https://t.co/kIwIYwyGx8 pic.twitter.com/qSXH7q8Juw
Is the Brexit effect finally over?
Take advantage of our discounted landlord insurance ratesIs the Brexit effect finally over? Conveyancers and lenders report improving property market https://t.co/VXECPr7kT4 via @https://twitter.com/TheNeg
— The Negotiator (@TheNeg) November 21, 2017
Monday, November 20, 2017
Where should I buy a property in London?
Take advantage of our discounted landlord insurance ratesThinking of buying a property next year? Here we've shortlisted our top five areas you should consider for 2018! https://t.co/33N5U27ENv
— Foxtons (@foxtons) November 20, 2017
1 in 7 councillors are landlords
Take advantage of our discounted landlord insurance ratesOne in seven councillors in English rental hotspots are landlords https://t.co/w5EiSt94JS
— Guardian Money (@guardianmoney) November 20, 2017
Will new builds continue to rise?
Take advantage of our discounted landlord insurance ratesWill the number of new homes being built in England continue to rise? Emily Williams of Savills reviews today's official numbers on our blog: https://t.co/cy0C09TTQQ pic.twitter.com/x5EHPghM4q
— Savills (@Savills) November 16, 2017
Gov confirms changes to EPC methodology
Take advantage of our discounted landlord insurance ratesStick or Twist? Government Confirms Changes to EPC Methodology on Solid Walls https://t.co/R3jlHbIIKK pic.twitter.com/JMR2EbCLng
— NLA (@nationalandlord) November 17, 2017
Housing to be at heart of Budget
Take advantage of our discounted landlord insurance ratesHammond: Housing to be at heart of Budget https://t.co/qm3YzYndlv pic.twitter.com/JjVmkMjd2x
— Mortgage Introducer (@MortgageChat) November 20, 2017
Milford Haven letting agent fined £4,500
Take advantage of our discounted landlord insurance ratesLetting agent R Miles Scurlock fined £4,500 for failing to get a Rent Smart Wales licence https://t.co/k4oh5eKtEf
— ARLA Propertymark (@arla_uk) November 19, 2017
Malicious / accidental damage - tenancy deposits
Take advantage of our discounted landlord insurance ratesIt's important as a landlord to know the difference between malicious & accidental damage or you could face a nasty bill - https://t.co/sgG8PQZvCP pic.twitter.com/mtglzhVzyH
— mydeposits (@mydeposits) November 18, 2017
Hammond pledge - 300,000 homes a year
Take advantage of our discounted landlord insurance ratesBudget 2017: Plans to build 300,000 homes a year https://t.co/pMc8HbbZDn
— BBC Business (@BBCBusiness) November 19, 2017
Sajid Javid's speech on the Housing Market
Take advantage of our discounted landlord insurance rates.@sajidjavid has set out plans to boost housebuilding and deliver homes across the country. Read the full speech here https://t.co/B6WN8RWGXX #housing pic.twitter.com/duihUi34vA
— DCLG (@CommunitiesUK) November 16, 2017
Net additional housing stock in England
Take advantage of our discounted landlord insurance ratesHousing stock in England grew by 217,350 dwellings in 2016/17, latest DCLG figures show.
— Lichfields ThinkTank (@LichfieldsTT) November 16, 2017
The number of net additional dwellings increased by 15% from the previous year and is now at the highest level since 2007-08.#ukhousing pic.twitter.com/pmEOJInokK
Saturday, November 18, 2017
LendInvest launches into buy-to-let
LendInvest launches into buy to let - https://t.co/MVExAiKSEM— Mortgage Solutions (@mortgagesols) November 16, 2017
Email:info@propertyhawkbtlmortgages.co.uk
Tel: 029 2069 5446
Thursday, November 16, 2017
Brokers warned over Ltd Co mortgages
Take advantage of our discounted landlord insurance ratesBrokers warned over limited company mortgage pitfalls https://t.co/CMm9NBRKGX
— FTAdviser (@FTAdviser) November 15, 2017
Landlords offloading property
Take advantage of our discounted landlord insurance ratesWhile HMRC reports 245,000 purchases bearing the additional 3% SDLT, mortgaged buy to let lending is subdued. Very low growth in outstanding loans indicates of some BTL landlords are offloading stock pic.twitter.com/5RAjBgU2cH
— Lucian Cook (@LucianCook) November 16, 2017
What will this Budget bring landlords?
Take advantage of our discounted landlord insurance ratesWhat does the Autumn Budget have in store for buy-to-let landlords? https://t.co/6DWhTbjHA3 pic.twitter.com/DrtBmh6Hvy
— Mortgage Introducer (@MortgageChat) November 16, 2017
Brexit won't mean lower interest rates
Take advantage of our discounted landlord insurance ratesBrexit doesn’t mean lower interest rates, Bank of England deputy warns - https://t.co/E5c4jaeQuj
— Mortgage Solutions (@mortgagesols) November 15, 2017
Tories failing to agree a housing strategy
Take advantage of our discounted landlord insurance ratesRemember ‘we are the builders’ ? Why the Tories still struggle to agree what that means https://t.co/EymUo2NFaa
— Laura Kuenssberg (@bbclaurak) November 16, 2017
England's housing supply 217,350 up
Take advantage of our discounted landlord insurance ratesAnnual housing supply in England amounted to 217,350 net additional dwellings in 2016-17, up 15% on 2015-16, according to @CommunitiesUK first time it's been>200k since 2007-08 pic.twitter.com/SxY0K8hLEf
— Oliver Knight (@oliverknightkf) November 16, 2017
Change to electricity supply charges
Take advantage of our discounted landlord insurance ratesA major change is coming to UK electricity supply charges from 1 April 2018 - could it affect your business? Find out on the Savills blog: https://t.co/0oV6IPD8Vl pic.twitter.com/LTtqJfKxUS
— Savills (@Savills) November 15, 2017
Landlord threatens mass evictions ahead of UC rollout
Take advantage of our discounted landlord insurance ratesLandlord threatens mass evictions ahead of universal credit rollout https://t.co/6Rwi16tr31
— The Guardian (@guardian) November 15, 2017
Should my tenant clear the gutters?
Take advantage of our discounted landlord insurance ratesCall of the Week: Responsibility for clearing out guttering https://t.co/SnILUtb64R pic.twitter.com/5gRpLcK9km
— RLA Landlord News (@RLA_News) November 15, 2017
Wednesday, November 15, 2017
An age breakdown of UK property
Take advantage of our discounted landlord insurance ratesNew data published by DCLG on the English Housing Survey. One of which is age and type of English homes.
— Mohammad Jamei (@mjjamei) November 14, 2017
Most terraced homes built in the period 1850-1918, and
most semis built in the period 1945-1980 #ukhousing pic.twitter.com/H1xWpUUNIT
Remortgaging fuels landlords cash buying
Take advantage of our discounted landlord insurance ratesRemortgaging fuels record amount of landlord cash buyers - https://t.co/Yew2RjAFrH
— Mortgage Solutions (@mortgagesols) November 13, 2017
New rent index from the DPS
Take advantage of our discounted landlord insurance ratesAverage monthly rent in the UK has increased by 21.55% over the last 10 years according to the #DPSRentIndex #rent #housing #UK. Read more here https://t.co/u3RT8k1HWH
— The DPS (@The_DPS) November 15, 2017
St Ives second home ban upheld
Take advantage of our discounted landlord insurance ratesSt. Ives has won a high court battle to stop ‘outsiders’ buying a second home - https://t.co/7KR5u09AiZ #ukhousing pic.twitter.com/X28OAfAAqS
— 24housing Magazine (@24housing) November 15, 2017
RLA call for tax incentives on longer tenancies
Take advantage of our discounted landlord insurance ratesThe budget is just a week away, have a read about one of our key asks, #tax incentives for longer tenancies #Budget https://t.co/VpzUcZ90ss
— RLA Landlord News (@RLA_News) November 15, 2017
Welsh letting agent fined over licence
Take advantage of our discounted landlord insurance ratesMilford Haven letting agent R Miles Scurlock fined £4,500 after failing to obtain Rent Smart Wales licence https://t.co/OQXJO3RTlp
— ARLA Propertymark (@arla_uk) November 15, 2017
PRS data analysis: rents / price growth,
Take advantage of our discounted landlord insurance ratesOur #PRSEvidenceDashboard has been updated with the latest statistics for the sector, including the latest rental price growth, house price growth and buy-to-let mortgage activity. See the full dashboard here: https://t.co/jGp6GWHTZo
— RLA PEARL (@RLA_PEARL) November 14, 2017
North/south price divide narrows
Take advantage of our discounted landlord insurance ratesHouse price 'north-south divide' narrows https://t.co/13COLEoucV
— FTAdviser (@FTAdviser) November 14, 2017
Will longer tenancies restrict rent rises?
Take advantage of our discounted landlord insurance ratesWill the concept of longer tenancies restrict rental rises? https://t.co/qGIh978uQl pic.twitter.com/okpuGgl35O
— Mortgage Introducer (@MortgageChat) November 14, 2017
Stamp Duty blocking 45k purchases
Take advantage of our discounted landlord insurance ratesStamp duty blocking 45,000 property purchases a year https://t.co/BwbMOY3Msi
— Telegraph News (@TelegraphNews) November 15, 2017
Developing London's roofs - 41,000 new homes
As many as 41,000 homes could be built on London's roofs, Knight Frank research finds https://t.co/rDw2vFQGa5 via @telebusiness
— Tom Bill (@TomBill_KF) November 14, 2017
Take advantage of our discounted landlord insurance ratesA company that specializes in building atop existing roofs estimates there are 60,000 sites in London where it could extend the height of 2-3 story buildings and solve the city's housing crisis https://t.co/Mruf6IyurV
— Urbanphoto (@urbanphoto_blog) November 15, 2017
Tuesday, November 14, 2017
Gov to extend proposed deposit cap to 6 weeks rent
Take advantage of our discounted landlord insurance ratesGovernment to extend proposed cap on security deposits to six weeks’ rent. Find out more about what this means here - https://t.co/V8tzExMwGD pic.twitter.com/oHQ0CgLUfe
— mydeposits (@mydeposits) November 14, 2017
BTL mortgage cost remain stable
Take advantage of our discounted landlord insurance ratesBTL mortgage costs remain stable despite uncertainty https://t.co/iDWJwK7U8y pic.twitter.com/ZNve1NlDNo
— Mortgage Introducer (@MortgageChat) November 14, 2017
Latest rental data from ONS
Take advantage of our discounted landlord insurance rates1.5% rise in private rental prices in GB in the year to October, down from 1.6% in September https://t.co/gpyUlky034 #inflation
— ONS (@ONS) November 14, 2017
New ONS House Price Index
The average UK house price was £226,000 in September 2017 https://t.co/18UlUvcpCf #houseprices
— ONS (@ONS) November 14, 2017
Take advantage of our discounted landlord insurance ratesHouse prices accelerate but leave London in the cold https://t.co/nKSy9Bu0no
— Telegraph Property (@TeleProperty) November 14, 2017
BTL lending falls
Remortgage activity up, but BTL lending falls: UK Financehttps://t.co/IY3qwXziqP
— Mortgage Strategy (@MortgageStrat) November 14, 2017
Take advantage of our discounted landlord insurance ratesUK Finance monthly mortgage lending trends data for September out today. https://t.co/BzDbvoGR8w pic.twitter.com/NjChAsHaCu
— UK Finance (@UKFtweets) November 14, 2017
With BTL on its last legs - what now?
Take advantage of our discounted landlord insurance ratesIs this bye-bye for buy-to-let? https://t.co/TuyCj0Ngzx
— John Stepek (@John_Stepek) November 14, 2017
Pros and cons of BTL in 2017
Take advantage of our discounted landlord insurance ratesUpdated: pros and cons of buy-to-let in 2017 https://t.co/uikdslH913 #buytolet #property #homes pic.twitter.com/LhZTStRYTf
— Zoopla (@Zoopla) November 14, 2017
Most landlords undeterred by Brexit
Take advantage of our discounted landlord insurance ratesMost landlords undeterred by Brexit uncertainty https://t.co/uEE1CRIu86 pic.twitter.com/l2WUIlpPIE
— Mortgage Introducer (@MortgageChat) November 13, 2017
1 in 4 battery powered smoke alarms fail
Take advantage of our discounted landlord insurance ratesOne in four battery powered smoke alarms fail to activate experts warn https://t.co/XJI7Aq9ezU via @localgoveditors
— Keith Williams (@KeithWilliamsEX) November 13, 2017
Monday, November 13, 2017
Pensioners renting homes may treble by 2035
1m retired households will be renting from a private landlord by 2035 - our report finds the pressure to reform renting will only keep growing https://t.co/yyBXJYNkih pic.twitter.com/x6ciaXcUdR
— Generation Rent (@genrentuk) November 12, 2017
Take advantage of our discounted landlord insurance ratesNumber of UK pensioners renting homes may treble by 2035 https://t.co/ESotHbtPRY
— Guardian Money (@guardianmoney) November 11, 2017