Latest News

TDS – How to reduce pet-related tenancy deposit disputes

27 November 2020

Sandy Bastin, Head of Adjudication Services at Tenancy Deposit Scheme (TDS), discusses the debate on whether owners and agents should allow tenants to keep pets in private rented properties given the spike in pet ownership since the Coronavirus pandemic began. Read More...

Consultation on Smoke and Carbon Monoxide Detectors

26 November 2020

The Government has opened a consultation on mandatory installation of smoke and carbon monoxide detectors in England. While the consultation, which closes on 11 January 2021, primarily focuses on social housing it also covers aspects of the private rented sector and is an opportunity to make the case for reform of existing regulations, where they could be improved. Read More...

More work needed on Building Safety Bill in order to protect leaseholders

25 November 2020

The Housing, Communities and Local Government Committee released their report on the draft Building Safety Bill this week outlining their concerns that the draft does not do enough to protect leaseholders. Read More...

Furlough scheme extended until 31 March 2021

Thursday 05 November 2020

The Chancellor of the Exchequer, Rishi Sunak, has announced today, 5 November, that the Job Retention Scheme will be extended, acknowledging the need for further financial support to protect jobs following the national lockdown in England, the firebreak in Wales and the local restrictions in Northern Ireland and Scotland.

This will be more good news for the property industry after the confirmation that the housing market will be able to continue through the new national lockdown in England.

The Scheme, often referred to as the Furlough Scheme, would continue to contribute 80 per cent of employees wages up to £2,500 per month for the duration of the extension. However, the Job Retention Bonus, which included a £1,000 payment for businesses that brought back furloughed staff for a minimum period, will now be cancelled.

Other positive news announced by the Chancellor is that the Self-Employment Income Support Scheme Grant will also be extended and will now cover 80 per cent of expected trading profits between November to January.

Turning to the question of schemes in Wales and Scotland Sunak confirmed there will be more funding for the devolved Administrations, increasing from £14bn to £16bn.

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Extending furlough and increasing our support for the self-employed will protect millions of jobs and give people and businesses the certainty they need over what will be a difficult winter.

Rt Hon Rishi Sunak MP, Chancellor of the Exchequer

Read the full announcement

More financial support

For more information on financial support during the Coronavirus pandemic, our news story from Tuesday 3 November provides a summary of what is currently available.