Future legislation and the recent Budget have stirred considerable anxiety among landlords. The Chancellor’s decision to increase the additional Stamp Duty Land Tax (SDLT) from 3% to 5% for landlords purchasing additional properties initially suggested a grim outlook for the buy-to-let sector. This move, coupled with the introduction of the…
The rental property market is on the brink of a significant shift, one that will undoubtedly cause concern among landlords across the UK. The new Labour government has made clear its intention to raise the minimum energy performance standards for rental properties, a move that could have far-reaching implications for…
Lincoln has become an attractive destination for both families to buy and rent and is known for its rich heritage and strategic location. In this article, I will delve into the current housing situation of family homes in Lincoln, compare them with national averages, and then explore opportunities for home…
Roll the clock back to 1979, a year marked by a seismic shift in the UK government with Margaret Thatcher coming to power. This was a momentous time for the country, symbolising a new direction. Fast forward to 2024, and we could be about to experience another significant change with Sir…
Now we know Labour will be taking the reins of government and ushering in a new era of policies and promises, particularly in housing and property markets. Their manifesto outlines ambitious plans to address the chronic issues of housing affordability, renters’ rights, and homelessness. However, the practical implementation of these…
Many Lincoln people I talk to in their late 30s to late 40s are relying on the inheritance from their baby boomer generation parents to help them in their home buying and retirement future. It is true there is £2 trillion (£2,040,861,524,790 to be exact give or take a few…
As an experienced estate and letting agent based in Lincoln, I have been closely monitoring the trends in the UK property market. As of January 11th, 2024, the market has shown a solid start, a trend worth exploring, especially in how it might mirror or differ from the local market…
As Lincoln strides into the future, the burgeoning private rented sector has continued to house many of its residents. The decade-spanning 2011 to 2021 saw a significant surge in the private rented sector, a testament to the enduring appeal and viability of the Lincoln property market. This growth has unfolded…
The UK rental market has once again demonstrated its resilience and dynamic nature. Recent figures state that the average advertised rent for newly listed properties in the UK last month was £1,787 per calendar month. The average for the UK excluding Greater London is £1,211 per calendar month (and Greater London…
The city of Lincoln has witnessed a profound transformation in its housing landscape over the last few years and the surge in private renting has led to significant debates about the morality of the buy-to-let market. Let us look at the current statistics compared to 40 years ago to show…
For decades, baby boomers in the UK have been the quiet beneficiaries of a housing market that has worked in their favour. Rising property prices and a growing housing shortage have pushed home values sky-high, giving this generation substantial equity in their homes. However, as more and more boomers enter…
The number of agreed UK property sales until Saturday, 22nd November 2024, is 18% higher than a year ago. Breaking those stats down even further, as of 22nd November 2024, 1,009,340 UK homes had been sold subject to contract (STC), an 18% increase from the 855,083 homes sold STC in…
Recent figures from the Office for National Statistics reveal that across the UK, 486,795 households are occupied by individuals aged 65 (and over) who live in a private rental sector home. This represents that 6.71% of all OAP’s now renting privately. Ten years ago, only 267,704 households were occupied by…