Renters Reform Step Taken: What the New Bill Means for Landlords & Tenants
On Wednesday 22 October 2025, the landmark Renters’ Rights Bill successfully passed through the House of Commons — entering its final stage before becoming law via Royal Assent. This landmark legislation is set to deliver the most significant change to the private rented sector in decades. Some of the core reforms include: What this means […]
Housing market is in ‘holding mode’ until Autumn Budget
Speculation around wide-ranging property tax reforms is already having a cooling effect on the UK housing market, according to new research. Chancellor Rachel Reeves is reportedly considering major changes, including replacing Stamp Duty with a national property tax on sellers, applied to transactions above £500,000. The Treasury is also said to be exploring a wealth […]
Renters’ Rights Bill Nears Final Stage
The Renters’ Rights Bill is set to return to the House of Lords on 14 October, marking its final stage before becoming law. As expected, progress on the Bill was delayed until after party conference season. It now enters the “ping pong” phase, where the Commons and Lords exchange the Bill until all outstanding disagreements […]
Renters’ Rights Bill Moves Closer to Becoming Law
The Government’s Renters’ Rights Bill – a major overhaul of the private rented sector – has passed what is expected to be its final debate in the House of Commons. Housing Minister Matthew Pennycook, supported by new Housing Secretary Steve Reed, rejected all 20 non-Government amendments proposed by the House of Lords. He argued that […]
Could Stamp Duty Be Replaced by a New Property Tax?
According to a recent report in The Guardian, the government may be preparing to scrap Stamp Duty and introduce a new form of property tax. Senior ministers are said to have asked officials to explore alternatives, including a “proportional” national property tax on owner-occupied homes. This could eventually replace Stamp Duty, while a separate local […]
Base interest rate cut as economy stalls
The base interest rate used to calculate mortgage premiums has been cut by 0.25% following a meeting of the Bank of England’s Monetary Policy Committee (pictured, below). It has decided to take the ‘breaks off the economy’ following a month that has seen the UK battered by internal and external financial and economic events. Members […]
Renters’ Rights Bill enters Lords report stage today
The Renters’ Rights Bill returns to the House of Lords today for the first of three Report Stage debates. Further sittings are scheduled for 7 and 15 July following the recent completion of the Committee Stage. However, it now appears unlikely that the Bill will receive Royal Assent before the summer recess, which runs from […]
Rightmove chief’s pay jumps to £1.6m as agents face fee hikes
Rightmove’s CEO earned almost £1.6 million last year, the portal’s latest accounts reveal. Johan Svanstrom’s salary with bonuses increased by some £330,000 from £1.26 million in 2023. His basic salary in 2024 was £663,000, but with a bonus of £929,000, his total pay was £1.59 million. Controversial News of his salary rise comes at a […]
Bank of England Interest Rate Decision – What It Could Mean for the Property Market
The next Bank of England (BoE) interest rate decision is set for Thursday 19th June, and it’s a date that buyers, sellers, and investors across the UK will be watching closely. The current Bank of England (BoE) base rate is 4.25%. This rate was last set on May 8, 2025, and is the rate at which […]
🏡 UK Property Market Update – May 31, 2025
The UK property market continues to show resilience and adaptability amidst evolving economic conditions. As of May 2025, several key trends have emerged: 📈 National Overview: House Prices and Rental Trends 🏘️ Cirencester Property Market Snapshot Cirencester, often referred to as the “Capital of the Cotswolds,” has seen notable activity in its property market: Adkins […]