March Highlights
Renters Rights Bill 🏠 | Edward running the London Marathon for Jewish Care - donate here ❤️ 💷 🏃🏻♂️👟 | Leasehold Reform | Exclusive Listings ❤️🏠 | Market update ⬆️
Renters Rights Bill
The Renters' Rights Bill is progressing through the UK Parliament. Introduced on September 11, 2024, the bill completed its third reading in the House of Commons on January 14, 2025, and began its passage through the House of Lords on January 15. The second reading in the Lords took place on February 4. The government aims for the bill to become law and take effect over the summer of 2025. Key provisions include abolishing 'no-fault' evictions under Section 21, ending fixed-term tenancies in favour of periodic tenancies, and introducing a national landlord register. Additionally, the bill seeks to limit rent increases to once per year and prohibit landlords from demanding large amounts of rent in advance.
London Marathon for Jewish Care
Edward is gearing up to take on the incredible challenge of running the London Marathon to support Jewish Care, a charity dedicated to improving the lives of the Jewish community through care, support, and connection. With determination and heart, Edward is not only testing his limits but also raising vital funds to help ensure essential services continue to thrive. Every step he takes is a step toward making a meaningful difference. You can support Edward’s journey and this remarkable cause by donating through his GoFundMe page: https://gofund.me/5c0c78a9
Leasehold and Freehold Reform Act 2024
The Leasehold and Freehold Reform Act 2024, which received Royal Assent on May 24, 2024, is in the process of being implemented. The Act introduces significant changes, including the abolition of the two-year ownership requirement before leaseholders can extend or purchase their leases, effective from January 31, 2025. Additionally, the government plans to revitalise the commonhold system as an alternative to leasehold, aiming to grant flat owners outright ownership and collective management of shared areas. However, concerns have been raised about the potential emergence of a two-tier housing market, with newer commonhold properties and older leasehold flats, potentially disadvantaging existing leaseholders. Further consultations and legislative efforts are ongoing to address these issues and ensure comprehensive reform of the leasehold system.
Market Update
2024 turned into a much stronger year for the housing market than many anticipated, with a return to house price growth. This year looks set to continue in a very similar way with continued stronger levels of market activity and solid price growth.
Looking to move in 2025?
Booking a valuation with Moreland is a smart choice for anyone looking to sell or let their property. With years of experience in the local market, Moreland provides accurate, professional property valuations tailored to your area. Our team of experts combines market insights with a personalised approach, ensuring you understand the true potential of your property. By choosing Moreland, you’ll also gain access to our extensive network of buyers and renters, helping you achieve the best possible results. Start your journey today by booking a valuation below:
Exclusive listings
In January 2025, we recently made a bold decision that redefines how we approach property listings: going forward, we will no longer take on new multi-agency listings. Instead, we will exclusively work with sole or joint sole agency agreements. Check out our listings here:
