What is the current Bank of England base rate?
4.0%
The next review is scheduled for 18th September 2025.
What was the rate of inflation in July 2025 according to the Office of National Statistics?
3.8%
This data is relevant for understanding economic conditions.
What is the Renters’ Rights Bill 2024 aimed at?
Reforming the private rented sector (PRS) for a fairer rental market and improved housing quality.
What happens to all fixed-term ASTs under the Renters’ Rights Bill 2024?
They will automatically become periodic (rolling) tenancies with no set end date.
What significant eviction notice is eliminated by the Renters’ Rights Bill 2024?
No-fault Section 21 notice.
What are the new requirements for landlords to repossess properties in cases of anti-social behaviour?
Three months of rent arrears is required before repossession grounds can be used.
What is the tenant notice period to end tenancy as per the Renters’ Rights Bill 2024?
Two months’ notice.
How often can rent increases occur under the Renters’ Rights Bill 2024?
Once per year.
What is Awaab’s Law related to?
Damp and mold issues.
What standard will apply to private rentals as per the Renters’ Rights Bill?
Decent Homes Standard.
What new service will be established for landlords under the Renters’ Rights Bill?
PRS ombudsman service.
What must landlords do regarding tenant requests for pets?
Consider tenant requests and cannot unreasonably refuse them.
What does the Planning and Infrastructure Bill 2025 aim to achieve?
Speed up and streamline the delivery of new homes and critical infrastructure.
What is the target number of new homes to be built under the Planning and Infrastructure Bill 2025?
1.5 million new homes.
What was introduced by the Digital Markets, Competition and Consumers Act 2024?
Replaced the Consumer Protection from Unfair Trading Regulations 2008.
What are the new enforcement powers given to the CMA under the DMCC Act?
Direct enforcement of consumer protection laws and ability to impose fines.
What is the maximum fine for consumer law breaches under the DMCC Act?
Up to 10% of a company’s global annual turnover or £300,000 for individuals.
What does the Arbitration Act 2025 aim to ensure?
That England and Wales remain competitive in international arbitration.
What significant changes does the Data (Use and Access) Act 2024 introduce?
Reforms data management and promotes secure data sharing.
What new guidance is expected from RICS regarding property measurement?
Updated 7th edition of the Code of Measuring Practice.
What does IPMS stand for?
International Property Measurement Standards.
What is the status of mandatory adoption of IPMS for RICS members?
It is no longer mandatory.
What is the maximum acceptable percentage range for a valuer’s valuation as established in the Bratt v Jones case?
15%.
What does the RICS Professional Standard: Service Charges in Commercial Property emphasize?
Transparency and financial accountability.
