Over recent years, as successive governments have tightened lettings legislation and increased the tax burden on landlords, some with investment properties have reduced their profits.

British lenders approved more mortgages than expected in June and net unsecured lending to consumers shot up by the most in over five years, despite rising interest rates, Bank of England data showed.

The Bank of England (BoE) raised interest rates by 0.25%, increasing the current bank base rate from 5% to 5.25%.

Only the top 10% of income earners can afford an average house with less than five years of income in England, new research shows.

One in five tenants are putting plans to buy a property on hold amid the current housing crisis, new figures have revealed.

The Bank of England looks likely to raise rates by a quarter-point to 5.25% on Aug. 3, though economists and markets see a risk of a repeat of June's surprise half-point hike as inflation remains hotter than in other big economies.

LONDON (Reuters) - British Prime Minister Rishi Sunak will commit to a promise to build 1 million homes by the next national election, tackling a lack of housing stock that has alienated some younger voters who are often forced to pay high rents and are unable to buy.

Rent prices will continue to rise as landlords quit the property market in record numbers, one of the country’s leading property associations claims.