‘Serious’ housing problems hit highest rate in five years

New research from the Homeowners Survey 2018 has shown that a massive 83% of people believe house prices are a ‘serious’ problem, up from 77% five years ago. 77% of respondents cited availability of housing as a major concern, up from 69% in 2014. The YouGov survey, polling over 2000 UK adults, is conducted on behalf of HomeOwners Alliance and BLP Insurance and has been trending housing concerns for five years. In further evidence of the worsening crisis, the survey found the quality…

Could ‘Generation Rent’ be effectively tackled by new policy changes?

The latest Resolution Foundation Home Improvements report came out yesterday and proposed a number of new policies to address the “decades of neglect” that have left young people a short changed when it comes to housing. According to the report, 40% of millennials live in privately rented accommodation at the age of 30, which is double the level of the previous generation, and a third could still be renting when they claim their pensions. The number of households with children living in privately…

Salvation outside the church? The ECJ rules on religious discrimination in employment

Background The Court of Justice has issued its first major ruling on the reconciliation of the autonomy rights of religious organisations with the right of employees (or potential employees) of such organisations to be free of discrimination. In 2012 Vera Egenberger applied for a fixed term post advertised by the Evangelisches Werk für Diakonie und Entwicklung, which is a body associated with the Evangelische Kirche in Deutschland (a German Protestant church). The post advertised sought a person who could prepare a report on Germany’s compliance with the United Nations International Convention…

Rent being recognised in credit scores can’t come soon enough

A PropTech startup has restated its support for the government’s Creditworthiness Assessment Bill and the movement towards mandatory inclusion of tenants’ rental payment histories in credit scores. RentalStep, which already provides a solution to this problem, says that the day when all credit scores include rental payment histories can’t come soon enough. Launched last year, the Creditworthiness Assessment Bill aims to make this measure a legal requirement. The Bill, which was put forward by Big Issue founder Lord John Bird, is currently awaiting…

What are a UK renter’s greatest financial concerns?

The UK has seen a sky rocket in rental prices over the last 10 years. Rents, in some places, have risen by a staggering 63% over the last decade, and for most, the cost of renting will take up to a quarter of their income (it is estimated this could be up to two-thirds for Londoners).. With such astronomical costs, it’s hardly surprising that 86% of the UK renting population is concerned by the rising cost of living. To better understand the motivations…

The South East remains top BTL investor location for over 50s

Research from Commercial Trust has shown that despite the recent negative press surrounding the curent state of the housing market in the South, the number of over 50s buy-to-let investors in the area is growing. According to their figures, between 2015 and 2017, 38% of all completed buy-to-let purchases from those aged 50 and over were in the capital and neighbouring South East. Averaged over the three years, the South East (19.14%) was marginally ahead of London (18.95%) for overall market share for…

Have regulation changes in the PRS gone too far?

Well, perhaps for some as new research from Property Partner reveals that as many as 54% of BTL landlords are considering either reducing the size of their portfolio or selling all their buy-to-let properties due to the raft of changes in regulation over the past year. According to the survey, over two thirds have had their finances negatively impacted by mortgage interest relief changes, 59% have been impacted by increased stamp duty on second homes, and 44% have been financially impacted by harsher mortgage…

House price growth slows for second consecutive month

The latest data and analysis on UK house prices by ONS has revealed a slowdown in house price growth for a second consecutive month. Compounded by supply issues, the annual growth rate has remained under 5% throughout 2017 and into 2018. According to ONS, the fall in house price growth accros the UK is driven mainly by a fall in the capital. There, average house prices decreased by 1.0% in the year to February 2018 – down from a 1.3% increase in January 2018.…