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English Private Landlord Survey sheds light on PRS challenges
The English Private Landlord Survey 2024, published by the Ministry for Housing, Communities and Local Government (MHCLG), provides a detailed picture of the private rented sector (PRS) in England, capturing the state of play for landlords and tenants alike. This vital report sheds light on the evolving dynamics of a sector that houses nearly one in five households across England with new costs squeezing landlords and increases in diversity noted across age, gender and ethnicity since 2021.
Proposed overhaul of Energy Performance Certificates will impact the entire property sector
The UK Government has unveiled plans to reform the Energy Performance of Buildings (EPB) framework in England and Wales, with sweeping changes to the way Energy Performance Certificates (EPCs) are structured, used, and valued. Both commercial and residential agents, landlords, and property owners will need to renew their EPCs more often, and some exemptions, for example for heritage properties, may no longer apply.
Auctions are a buyer's friend in the dash to avoid Stamp Duty increases
Choosing to sell properties by chain-free auction can avoid lengthy and uncertain buying procedures and save buyers time and money ahead of the Stamp Duty Land Tax increases in April 2025.
Making identity proofing easier, cheaper and more secure
The Data (Use and Access) Bill was introduced to Parliament on 23 October 2024. It lays out the legal framework for Digital Verification Services (DVS) in the UK, which are long-awaited tools to speed up property purchases, reduce fraud and improve the experience of home buying and selling.