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Scottish First Minister Nicola Sturgeon has announced a rent freeze, designed to help tenants stay on top of their finances, amid spiralling energy bills and rising prices. The SNP, part of a coalition government, has tabled emergency legislation, effective from September 6, which stops public and private landlords
Brokers report they have seen a growing number of tenants say they have been given first refusal to buy the property they are renting over the last two months. It is believed this is due to a combination of the new energy performance certificate (EPC) rules coming in 2025, an economic environment that is making it
Confirmation from Ofgem that the energy cap will be raised from £1,971 to £3,549 a year from October has been met with dismay by many in the mortgage industry. Outside of immediate concerns for staying warm this winter, brokers are concerned that affordability assessments with be significantly affected, making it
British households now face the shocking prospect of Ofgem price caps rising to £6,000 next year, economists have warned.
Average two year fixed mortgage rates are now two percentage points higher than at the start of the year, increasing typical monthly payments by an average of £159.