As widely predicted, and not this time following the US Federal Reserve, the Bank of England’s Monetary Policy Committee (MPC) voted 5-4 to reduce the Bank Base Rate by 0.25% to a total rate of 4.25% its lowest level in around 2 years.
Sales and demand both dropped in April after the stamp duty thresholds reverted back to previous levels, the RICS UK Residential Survey has revealed.
Rents rose for the fourth month in a row during April, according to the latest Goodlord rental Index.
A newspaper claims that the government is to offer landlords five year ‘full rent’ deals to house migrants.
The latest government figures show that average UK monthly private rents increased by 7.7%, to £1,332, in the 12 months to March.
With the Renters’ Rights Bill entering the Committee stage in the House of Lords this month, it’s expected to become law by October or November. The Renters Rights’ Bill is currently in the Committee Stage in the House of Lords
A new funding scheme for energy-efficiency improvements has opened to landlords in England, but landlords will be forced not to raise rents during the EPC works.
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