February Market Update

It’s the February Market Update  

Rob & Rob are back with your monthly update and this one is a must-listen! 

With HUGE numbers across the board the guys have never reported on stats like this, in fact, we might start calling this update the record high edition.  

From soaring property prices and rents to surging mortgage products and Welsh news, Rob & Rob have a lot to cover. 

All the links you need are right below: 

Property Prices 

• Government releases latest data for average UK house prices 
• New Year demand for property hits record levels, up 50% 
• Fears of pandemic exodus from England’s cities prove unfounded 

Rents 

• Rents rise at fastest rate ever 
• Latest figures show UK rents continue their inexorable rise 
• Private rents in Britain rise at fastest rate on record 
• UK property rents rise at fastest ever rate 

Cladding Issue

• Government sets out new plan to protect leaseholders and make industry pay for the cladding crisis 
• Government slams insurance firms over premiums on blocks 
• Don’t exclude landlords from cladding help, politicians will be told 

Mortgages 

• Mortgage lenders battle to win growing holiday let landlord market 
• Landlord product choice approaching record levels: Moneyfacts 

Leasehold 

• Restrictions on ground rent for new leases set to become law 

Wales 

• Renting Homes (Wales) Act Starts July 2022 

And finally… 

• Call for action ahead of new Carbon Monoxide alarm laws 

Hub Extra 

We spend so much time on our phones, so this week’s Hub Extra is trying to improve that experience. 

We’re sure it’s no news to you that you can organise the apps on your phones into little folders and you can name these things to help you keep things organised. 

But have you ever considered naming them something a little more motivational? 

Instead of popping all your banking/investing apps into a folder called ‘finance’, switch it out for ‘Make X amount of money this year’. 

Whilst this might seem a little silly, when you’re picking up your phone 100+ times a day this little mental nudge might help keep you on track. 

A further little tip straight from Rob B, is if you have an iPad as well as your iPhone, move any of those apps that you find distracting off your phone and onto your iPad. 

And if you’d like to find out more about Portfolio you can do that here. 

Let’s get social 

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future – if so, pop us a message on social and we’ll see what we can do. 

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.