What to expect from the latest UK housing market report

How will you get your money back if you lose your house? 

If you lost your house and are now renting out a room to someone else, how much will you have to pay? 

That’s the question that will be posed to you if the British government decides to launch a new house rent cap. 

In the latest House Rent Cap report published by the House of Commons Select Committee, it says that by the end of 2019, the average monthly rent for a two-bedroom flat in London would increase by almost 30%. 

That is because the cap will apply to all properties, regardless of the size of the property. 

If it does, it will mean that there will be more than double the number of properties with rent increases of more than 10%. 

According to the committee, the cap should also have a knock-on effect on rents in London. 

It has suggested that the increase in average rents will mean some people in London are being forced to sell their houses. 

A lot of the buyers will be able to afford to sell, but the other part of the market, the renters, are going to have to make up the shortfall. 

There are a lot of questions that are being asked about the impact of the cap.

Is it fair to cap the number and size of homes in London? 

What happens if I move to another part of England or a different country?

Will rents in areas where the cap applies be higher than those in areas that do not? 

How will it affect landlords who sell properties to foreigners? 

Is it fair for people in these areas to be able get a loan from the government to buy their home? 

Should there be a cap on rent increases in England? 

There have been other debates about the cap before. 

For instance, a group of MPs in the House have suggested that landlords should be required to get their own stamp of approval before they are allowed to increase their rents in certain areas. 

That would mean that it would be unfair for landlords to raise rents in places that don’t require the stamp of the government. 

The government has said that it wants to have the new cap implemented before the end (September) of 2019. 

How does it affect renters? 

The cap will affect renters of all ages. 

People over the age of 65 will be subject to a cap of up to £20,000 per year on their rent. 

This is compared to the £6,500 cap that applies to people aged under 25. 

Currently, the cost of renting a two bedroom flat is £1,850 per month. 

On top of that, there is a limit of 10% for the cost that you pay on utilities. 

However, the government is considering extending the caps to cover other costs that people pay on a daily basis. 

Are there any changes to the way rents are calculated? 

Since the cap is applied to properties owned by people, it has not been possible to set a rate that is higher than the average cost of living in London for all properties. 

Instead, the House of Commons Committee has suggested a range of possible rent increases. 

One of the suggestions in the report is that the number could be reduced to two or three bedrooms. 

Another is that rents should be capped at a rate of £5,000 a year. 

An interesting proposal is that landlords can raise their rent up to the cap in certain circumstances. 

Under that proposal, landlords would have to provide evidence that they could increase rents without increasing their property’s value. 

They would also have to report the increase on their income tax return. 

Would it be fair to raise rent if it meant that the price of your home would go up? 

In 2019, landlords in London could raise their rents by a maximum of 10%, which would be based on the average of the median rents in their area. 

Therefore, if the average rent in London was £1.50 per week, then the average rents for two and three bedrooms would be £1.,350 a year for a one-bedroom and £2,200 a year, respectively. 

Should it be possible to buy a property with the government? 

A recent report by the National Institute of Economic and Social Research suggested that it might be possible. 

According the report, it was argued that if the government decided to cap rents at 10%, it would increase the value of the properties that were already on the market. 

“There is evidence that if landlords can buy properties that are below their value, they can make a significant difference to the price they pay for their property,” the report states. 

What will it cost to buy in London from 2019? 

At the moment, the cheapest way to buy property in London is through the National Lottery, which will continue to offer £25,000 up to 2019.

The lottery is open from October