Right to Rent Update

Significant Increase in Fines for Non-compliance with Right to Rent Checks: A Comprehensive Guide for Letting Agents and Landlords Introduction The penalties for repeated non-compliance with the Right to Rent check rules have seen a substantial increase, with new fines reaching up to £20,000. Consequently, it is imperative for landlords and letting agents to exercise

Will interest rates rise again?

The prospects of further interest rate rises in the UK are high. The Bank of England has already raised interest rates five times since December 2021, and it is widely expected to raise them again in the coming months. This is because inflation in the UK is currently at a 30-year high, and the Bank

State of the Market

Property prices in the UK have been falling for several months, as the cost of living crisis and rising interest rates have squeezed buyers. The average price of a home in the UK fell by 0.5% in February, according to Nationwide Building Society, taking the annual rate of decline to 1.1%. This is the largest

Furlough Extended

Sky News has reported that Rishi Sunak is to extend Furlough until the end of March 2021. Payments will remain at 80% up to £2,500 per month. Sunak told Parliament “Our highest priority remains the same: to protect jobs and livelihoods”.