With the Renters (Reform) Bill receiving its Second Reading in the House of Commons today, 23 October 2023, the UK Government has responded to recommendations made by the Levelling Up, Housing and Communities Committee (LUHCC), promising to align the removal of Section 21 with court improvements, protect the right of landlords to set rents in line with the market, and ensure the student market is protected with a new ground to guarantee landlords can gain possession each year.
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There are number of steps you can take that could help to reduce your energy bills, all year round. Rightmove look at both low and no-cost changes you can make right now, through to large-scale modifications that can help make your home more energy efficient. Take a look at some of their suggested changes which you can make to reduce your home’s energy usage: Changes you can make in your home for no cost Reduce the water temperature when washing clothes Use tumble dryers less Switch off appliances at the socket Closing your curtains and blinds Turning your combi boiler flow temperature down Turn down radiators Apply for a smart meter More energy-saving tips and home improvements to consider Look into getting a smart thermostat Check and compare energy-efficiency ratings when buying new appliances Get your boiler serviced in summer Finding and fixing draughts Insulating hot water tanks, pipes and radiators Choosing energy-efficient lighting Double and triple glazing Wall, floor and loft insulation Solar panels For tips and further steps to take, read the rest of this article from Rightmove HERE.
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Ever since restrictions on tax relief on buy-to-lets were introduced in 2015, private landlords have been selling properties more than investing in them. A harsher tax and regulatory regime, until recently combined with soaring house prices, had pushed down yields. As mortgage rates start to fall, rents are set to increase further, so financial pressure on landlords will ease, leading to higher yields. Spikes in renovation and repair costs, due to material shortages caused by the pandemic, are finally stabilising too. News source: The Times and The Sunday Times