Prime Minister Rishi Sunak has thrown his weight behind Housing Secretary Michael Gove’s proposals to delay deadlines for EPC improvements in the private rental sector.

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.

July was a record breaking month for the rental market, claims a PropTech company.

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

The average UK house price fell at the fastest annual rate in 14 years in July, Nationwide Building Society has reported.

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

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.

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