Social housing FAILURES will lead to Private rental demand to soar long-term
Government figures show a net loss of a whopping 16,000 social homes in England last year, as sales and demolitions continue to surpass the number of homes built. Figures indicate 25,749 social homes were either sold or demolished last year in England, including Sheffield and Manchester, yet just 9,500 social homes were built – a …
What makes the UK rental market tick?
A mismatch between supply and demand has been the defining feature of the private rental market for the last three years. UK rents for new lets have risen by a third – or £3,360 a year – in this time. Rental growth has now peaked and Zoopla expects a major slowdown in 2024. Demand will …
Is 2024 a Good Year to Invest in Property?
… 2023 has proved a tricky year but it’s also provided opportunities that haven’t been available for the last few years. On the one hand, the rises in base rates have meant that investors have needed to work out whether deals stack up. And for HMO landlords things have been particularly tough, with the increased …
Protect Your Property During Storm Isha: Essential Tips for Homeowners 19/01/2024
As storm Isha approaches, safeguarding your property is a high priority for homeowners throughout the UK, especially here in Sheffield. From heavy rain to strong winds, storms can wreak havoc on our homes! Here are crucial steps to protect your property: 1. Secure Doors and Windows: Ensure all doors and windows are securely locked to …
Buy-to-let companies boom as mortgage rates bite 15/01/2024
Landlords are often opting to set up a limited company to benefit from more favourable tax rules A record 50,000 limited buy-to-let companies were set up across the UK last year, despite a sharp fall in the number of homes bought by landlords. The figure surpasses by 3% the previous record of 48,540 in 2022 …
UK’s largest rent reporting platform reveals big distribution deal 12/01/2024
The UK’s largest digital identity verification app has begun offering tens of thousands of people who sign up to its service every month the opportunity to report their rent payments to the big four credit reference agencies. Digital ID Connect is a joint venture between Yoti, the Post Office and Lloyds Bank and is the …
Flipping Returns as Investment Prospect for 2024 06/01/2024
Flipping a property is something that so many people have a desire to do, in fact, data shows that searches for ‘property flipping’ in 2023 were up 29 per cent compared to 2022. But when it’s such a BIG investment, knowing where to start and how to go about it can often be a daunting …
Sheffield Landlords need to be warned over looming EICR Electrical Checks ‘bottleneck’
4th Jan 2024 Millions of rented properties throughout Sheffield and surrounding areas will be coming up for EICR (or Electrical Inspection Condition Report) renewals in 2025 and 2026 and Landlords need to get ahead of the bottleneck that is due to happen by booking in the works early Landlords are being advised to complete Electrical …
Buy to Let Market Update December 2023
Gas Boiler Prices Could Rise by £300 Plus VAT in Heat Pump Rush
The UK’s biggest boiler manufacturer has said that it will need to increase the price of gas boilers by as much as £300 due to a government scheme to aimed at spurring on the amount of heat pumps installed into UK homes … Tax Levy on replacement boilers for UK Homes Worcester Bosch, the UK’s leading supplier of domestic …
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