Property industry news
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The Future of Homes report published by Nationwide Building Society has shone a light on four distinct areas to help promote affordability, accessibility, and sustainability of UK homes.
The Building Safety Bill, published on 5 July and due to enter the Committee Stage on 9 September 2021, is to be supported by an independent and industry-led not-for-profit organisation, the Building Safety Alliance.
The Secretary of State for Housing, Communities and Local Government announced, in February 2021, a levy on developers seeking permission to construct certain high-rise buildings.
Estate agents, letting agents and auctioneers are among those being called upon to help improve the overall effectiveness of the UK’s anti-money laundering (AML) regulatory and supervisory regime.
PRS REPORT: The continued success of the private rented sector shows tenants successfully negotiating rent has dropped over the past month, from 0.9 per cent to 0.7 per cent, the lowest recorded for the month of June since records began.
HOUSING REPORT: 40 per cent of properties sold more than the original asking price during June, which is a jump from May’s 33 per cent and the highest ever figure recorded.
Arguably the most controversial aspect drawn from the second reading of the Bill remains the question of who should pay for measures to remediate the failings made by the building industry in the past.
Following the move to Step 4 in the COVID-19 roadmap in England, the UK Government has updated its guidance for those working within the home buying and selling process and those moving home.
As the UK transitions into the fourth step of the COVID-19 roadmap, the UK Government has updated its guidance for landlords, tenants, and local authorities.
The UK Government has said that they see no reason why an EWS1 form, or equivalent, should be requested on buildings below 18 metres following recommendations from a small group of experts on fire safety set up to look at the issue.
The Department for Communities has issued a Call for Evidence on its Housing Supply Strategy, which sets out its intentions to increase the amount of housing across all tenures so that every household can access a good quality, affordable and sustainable home.
The announcement by the Minister of Climate Change Julie James MS, who also has a responsibility over housing, also marks the closure of the Tenancy Saver Loan scheme.