Foundations & Futures

The property market continues to evolve with key legislative updates, policy shifts and economic changes shaping the landscape. From government reforms attempting to simplify property transactions, to positive market trends and interest rate cuts – there is much to consider. Stay informed on the latest developments to navigate opportunities and challenges with confidence.

Government Proposes Overhaul to Simplify Property Transactions. Ok, this could be huge for the property market – IF it happens. The government has unveiled plans to streamline the property buying and selling process – aiming to reduce delays and increase transparency. Proposed measures include digitising documentation and enhancing communication between parties. These reforms are intended to make property transactions more efficient, benefiting buyers, sellers and investors alike.

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Renters’ Rights Bill Advances in Legislative Process. The Renters’ Rights Bill has passed its second reading in the House of Lords, moving closer to becoming law. The bill seeks to enhance tenant protections – including measures for fair rent practices and improved living conditions. Landlords would be well-advised to stay informed about these developments.

UTILITY OF THE WEEK: Check Local Labour Market Data. Want insights on jobs, wages or population trends in your area? Nomis provides free UK labour market statistics – including employment rates, average earnings and census data. Just enter a postcode or select a region to access detailed reports.

HMRC Data Indicates “Positive Trends” in Housing Market. What’s positive is all in the eye of the beholder of course, but recent data from HM Revenue and Customs suggests signs of recovery in the housing market after the “silent crash” of recent times. Increased transaction volumes and stable property prices point towards renewed confidence among buyers and investors. This upward trend reflects resilience in the market – offering potentially some optimism for all stakeholders in the property sector.

Who are M2P? Married2Property are a family-run property company that aims to build social good through property.

Leaseholders Benefit from Removal of Two-Year Rule. Leaseholders will benefit from the government’s decision to abolish the two-year rule – which previously required them to wait before initiating lease extensions or “enfranchisement”. This change should empower leaseholders to take control of their property interests more promptly.

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Bank of England Reduces Interest Rates to 4.5%. The Bank of England has announced a 0.25% cut in the base interest rate, bringing it down to 4.5%. This move is anticipated to lower borrowing costs, potentially stimulating investment in the property market. Investors and homeowners may find this an opportune moment to consider financing options, given the more favourable lending environment. Swap rates aside, this BOE base rate reduction will likely prompt a (small) sigh of relief for many of the millions who are facing coming off of their fixed rate mortgages this year. Further reductions are anticipated in 2025.

💘💘💘 Happy Valentine’s Weekend 💘💘💘

Who says you can’t do romance on a budget?

😍 Lunchtime Lover – Brett Domino 😍

And Finally… When your EPC rating is G, you convince yourself that the government target of having all rental properties at EPC C by 2030 will slip, and your property IS able to be properly heated – if only by the flames of denial…

What do M2P do? Married2Property aims to create social good through by property – by housing more vulnerable groups of people – giving them a stable platform from which to try and improve their lot in life. We also offer Landlords competitive and hassle-free solutions for their property problems.