In 2022 the rules regarding carbon monoxide alarms are changing. The government have recently
passed new legislation on CO alarms, meaning that all rental properties with fixed appliances such as
gas boilers or fires will require one to be fitted.
The new regulations will also mean that carbon monoxide alarms must be fitted if any new
appliances such as gas boilers or fires are installed in any home.
Any landlords or agents acting on their behalf must repair or replace smoke and carbon monoxide
alarms once they are notified that they are faulty. Regular testing of the alarms however, will be the
The reforms follow a three month consultation and changes will be brought forward through the
Smoke and Carbon Monoxide Alarm (England) Regulations 2015 and the statutory guidance
(Approved Document J) supporting Part J of the Building Regulations.
In a recent rental price tracker report for the first quarter of 2022, statistics show the average asking rent outside of London has risen 10.8% compared to what is was 12 months ago. Compared with the same period two years ago, the average rent is now 15% higher. The report also shows that available property to let has declined and is down 50%, whilst...
House prices have risen considerably in the last couple of years. This is due to the pandemic and previous stamp duty holiday causing a more volatile market.The land registry's UK House Price index is by far the most reliable source of what is happening to house prices, as it's based on actual sold prcies rather than asking prices. The latest figures (S...
The Bank of England has raised interest rates for a 13th consecutive time as it tries to stop prices rising so quickly. The Bank rate, set by the Monetary Policy Committee, has gone up to 5% from 4.5%.The rise means further pain for some homeowners, however could benefit savers. The Bank of England have been consistently raising interest rates in an attempt...
The Bank of England have raised interest rates by half a percent point to 2.25% - the highest level since November 2008. Raising interest rates are one of the main tools the Bank of England has to bring down inflation, with the rationale being that higher borrowing costs will mean people are less likely to spend and more inclined to save.In a statement, Chan...