Bank of England Considers Relaxing Mortgage Rules

It’s the December Market Update 

Rob & Rob are back with your monthly update, and it’s safe to say the market isn’t ready to wind down for Christmas just yet. 

From rents shooting up, to potentially devastating news for Welsh landlords. And a fall of 52% in property transactions... The Rob’s have got plenty to cover. 

All the links you need to get stuck in are just below: 

Sales 

• UK house sales fall 52% in month after stamp duty holiday deadline 

Rents 

• Has Covid finished off the rental market? 
• UK rents ‘rising at fastest pace in 13 years’ 
• Rents up sharply in prime areas of London as market bounces back 
• Savills - Rental revival 
• Landlords face punishing new costs under property wealth tax plan 

Mortgages 

• Bank of England considering easing mortgage rules in move that could boost house prices 
• Kensington launches long-term fixed rates up to 40 years 

Cladding 

• BoE concerned cladding crisis poses risk to UK financial stability 
• Cladding scandal: How plans to make flat leaseholders pay for repairs have been put on hold 

Other 

• Legal Warning — some buy to lets will never meet new EPC targets 
• Carbon Monoxide alarms must be fitted in private rentals with gas boilers 

And finally... 

• Research lays bare failure to tackle criminal landlords 

Hub Extra  

This week’s Hub Extra is coming straight from our producer, Dan. 

The Beatles: Get Back follows The Beatles along the making of the Let It Be album. 

Oscar winning film maker Peter Jackson, has compiled hours of unseen video and unheard audio to create a three-part documentary on this pivotal moment in music history. 

It’s definitely one to add to your must-watch list. 

Let’s get social 

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