On Wednesday, 13th May, King Charles delivered his speech at the House of Lords, outlining the government’s plans for the upcoming year.
In his speech, the King said, “An increasingly dangerous and volatile world threatens the United Kingdom, with conflict in the Middle East only the most recent example”, followed by “my government will respond to this world with strength and aim to create a country that is fair for all.”
There were 37 bills announced, sharing the focus on the work of the government during the next parliamentary session.
Here is a summary of the housing and energy/environment points:
Housing
Energy and Environment
There will be new energy efficiency requirements for rented homes with the Energy Independence Bill
Tax will be increased on the excess profits made by electricity generation companies under the new Electricity Generator Levy Bill
The Clean Water Bill will mean there is a new regulator for the industry and a water ombudsman to provide more consumer protection.
From 18th May 2026, Lloyds Banking Group is launching a ‘£5k Deposit mortgage’ to help first-time buyers get onto the property ladder sooner.
Homeowners could be faced with paying over £3,000 more per year on their mortgage if the conflict in the Middle East continues, following new analysis from INTEREST from Moneyfacts.
8 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
16 days ago
The Renter’s Rights Bill became law at the end of October, which means it has been signed off by the King, and it is now the Renters’ Rights Act. Despite this becoming law, these changes are likely to start changing within the next six months, with the aim of being fully implemented throughout 2026 and into 2027.
16 days ago
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
20 days ago
Recent data from Rightmove shows the most expensive streets in Great Britain, with the majority being situated in the capital.
The Bank of England Governor, Andrew Bailey, has advised that, due to the “very big energy shock” the economy is facing, they won’t be in a rush to increase UK interest rates.
Many homeowners don’t realise that a simple act or oversight could invalidate their home insurance policy. Home insurance is essential in protecting your most valuable assets; however, it is important to understand what affects your cover to ensure you are fully protected.