Property News In Reading

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Chancellor Targets Housing and Rent Issues in Spending Review 13 June 2025

Chancellor Rachel Reeves has used her Spending Review statement in the House of Commons to announce a near-doubling of government investment in affordable housing.

As part of the plan, social housing landlords will be permitted to increase rents above inflation for the next decade.... Read More

New EPC Changes Introduced This Month 05 June 2025

Landlords, be aware: major changes to how Energy Performance Certificates (EPCs) are assessed come into effect this month and they could impact your property"s rating.

What"s Changing?

The new rules are part of an overhaul to the Reduced Data Standard Assessment Procedure (RdSAP) which is defined as the method behind EPCs.... Read More

Renters` Rights Bill Expected to Become Law by Late Summer 30 May 2025

The Renters" Rights Bill is moving closer to becoming law, with the next stage of its passage through Parliament expected to begin next week, following the House of Lords" return from the Whitsun recess on June 2.

During the Committee Stage, which took place between April 22 and May 15, the House of Lords spent around 30 hours scrutinizing the Bill and considering over 300 proposed amendments.... Read More

Act Now: Landlords Urged to Get Ready for Making Tax Digital 23 May 2025

Landlords are being advised to start preparing for Making Tax Digital (MTD) for Income Tax, despite the new rules not coming into force until April 2026. The changes will significantly impact how landlords report rental income and manage their tax obligations.... Read More

Lettings: Landlords To Face Additional Screening by Agents from This Week Onwards 16 May 2025

All UK letting agents are legally obligated to screen landlords, tenants, and other clients against the UK government"s official sanctions list, in accordance with newly enforced financial sanctions regulations which have come into effect as of 14th May.... Read More

Caution Arising as Housing Market Showcasing Signs of Strain 09 May 2025

The latest market snapshot from the Royal Institution of Chartered Surveyors (RICS) highlights increasing strain in the UK housing market. In April, both buyer enquiries and agreed sales declined further, largely due to ongoing economic uncertainty, affordability challenges, and tight borrowing conditions.... Read More

Incoming Anti-Money Laundering Changes 02 May 2025

Starting May 14, 2025, letting agents must follow new Anti-Money Laundering (AML) and Financial Sanctions Regulations (FSR). These rules are meant to improve oversight and reduce financial crime. Garrett Foxon, CEO of automated client accounting platform Lettspay, explains the key points:

New Reporting Duties

Letting agents will need to:

• Report to the Office of Financial Sanctions Implementation (OFSI) if they know or suspect someone is under financial sanctions.... Read More

Changes To Renters` Rights Bill Proposed by NRLA 28 March 2025

The National Residential Landlords Association (NRLA) has provided details of its support for certain adjustments demonstrated by Lords and organisations within the last couple weeks to the Renters" Rights Bill. The Bill is set to return to the House of Lords on April 22nd 2025 for the first part of at least two days of detailed examination.... Read More

Important Update: New Landlord Licensing Rules Due to Be Implemented in Reading 21 March 2025

Following on from our newsletter last year on the 29th of November regarding new HMO regulations being set for the Reading Berkshire area, we now have an important update in order to help prepare our buy-to-let landlords relating to the new tough licensing regulations set to be employed throughout the town.... Read More

Small Share of Rental Properties Marketed Are Pet Friendly Despite Incoming Bill 14 March 2025

Only 8% of rental properties advertised on the current market are pet-friendly, months ahead of the upcoming Renters" Rights Bill which is due to become law this spring/ summer. Just within the UK alone, it is projected that around 51% of adults own a pet therefore the incoming Bill is the latest effort by the government to upsurge pet-friendly properties throughout the rental sector.... Read More

Positive Update for Landlords: Potential Renters` Rights Bill Amendments Explained 07 March 2025

The House of Lords is currently considering a series of adjustments to the controversial Renters" Rights Bill due to soon come into effect.

Fixed-Term Tenancies and Eviction Provisions: The Lords have proposed retaining fixed-term tenancies of up to 12 months, with potential extensions after four months of occupancy.... Read More

Landlords At Risk Of £4,000 Penalty If Not Registered with Data Regulator 28 February 2025

The National Residential Landlords Association (NRLA) is prompting landlords who electronically handle personal information to pay their annual fee to the Information Commissioner"s Office (ICO). The ICO serve as the regulator for data protection and landlords are expected to pay a set fee if they store any personal information regarding applicants on a computer or phone; this also includes the use of CCTV.... Read More