Category: Property Law

Landlords urged to take note of new HMO rules ahead of 1 October deadline

New licensing rules due to take effect on Monday 1 October 2018 will require some 177,000 UK landlords to apply for House in Multiple Occupation (HMO) licences, it has been warned.

Network Rail to ‘sell-off’ £1.46 billion worth of commercial property

In recent days, Network Rail has unveiled plans to downsize its substantial commercial property portfolio by ‘selling off’ as many as 5,200 commercial units.

Mortgage approvals up 2.7 per cent in August

Approximately 66,543 mortgages were approved last month – a 2.7 per cent rise on the number of new loans approved in July, new research reveals.

Commercial property popular among domestic investors

UK-based investors have pumped some £18.8 billion into Britain’s commercial property market over the last 12 months, new research from Savills reveals.

HMO landlords could be entitled to licensing fee refunds in light of recent case

Landlords and investors who let out a House in Multiple Occupation (HMO) could be entitled to partial licencing fee refunds if their local council has charged them more than is legally allowed under EU law, it has emerged.

Re-mortgage approvals up sharply year-on-year

Re-mortgage approvals increased by 37,400 in June, as homeowners moved to secure attractive fixed-rate deals ahead of the Bank of England’s (BoE) much-anticipated interest rate increase.

Strong performance for UK commercial property in first half of 2018

A new study suggests that Britain’s commercial property market welcomed widespread investment during the first half (H1) of 2018.

Homebuyers likely to consider long-term fixed mortgages following interest rate increase

On Thursday 2 August 2018, the Bank of England (BoE) increased interest rates for only the second time in a decade.

Mortgage approvals soar to highest since September

New figures published by UK Finance in recent days reveal that mortgage approvals hit a nine-month high in June.

“Pre-summer boost” for first-time buyer mortgages

The number of new homeowners who successfully secured a mortgage on their first property was up by 8.1 per cent month-on-month in May, a new study reveals.