All posts by Property118.com News Team
UK rent growth slows but tenant affordability is a ‘challenge’...
The average UK rent has risen by 7.8% to £1,223 in the past year, but the pace of growth is starting to slow, Zoopla reveals.
The property portal says this growth slowdown will continue this year –...
Survey uncovers landlords’ worries and preferences in the...
More than half of landlords are concerned about upcoming legislative changes, according to a survey.
A government survey reveals that 62% of landlords are worried about legislative changes in the private...
Council’s selective licensing scheme deadline is looming...
One of the country’s largest selective licensing schemes will go live in two weeks’ time and landlords are being urged to sign up.
Brent Council will have borough-wide licensing in place for...
BoE holds interest rate at 5.25%...
The Bank of England’s Monetary Policy Committee has decided to hold the base rate at 5.25% – for the fifth meeting in a row.
The current rate, which was set last August, is the highest for...
NRLA and Generation Rent welcome call to uprate LHA...
MPs on the Work and Pensions Select Committee say that Local Housing Allowance should be uprated every year by the Government so that it retains its value at the 30th percentile of rents in a rental market...
Half the council tax tenants pay should be saved for a home deposit...
In a bid to help tenants save for a deposit to buy a house, half of their council tax payment should paid into a dedicated savings account, one think tank says.
The novel solution by the Social Market...
Scotland’s rent cap backfires with big rent rises for tenants...
Tenants in Scotland are seeing big rent rises and the rent cap brought in by the SNP is being blamed – as rent rises elsewhere in the UK begin to fall.
According to the Daily Telegraph which used...
Call for rent cap in Wales to help key workers...
A rent cap is needed in Wales to help essential workers struggling to find affordable housing, Generation Rent says.
It warns that a one-bedroom flat in Cardiff accounts for 48% of a teaching assistant’s...
Annual rent rise is the highest ever recorded – ONS...
The cost of renting in the UK has hit a new high as average rents across the UK rose by 9% in the 12 months to February – the highest rise recorded by the Office for National Statistics (ONS).
The...
PRS supports more than 390,000 jobs and generates £45 billion...
The private rented sector (PRS) in England and Wales supports more than 390,000 jobs across its supply chain and the wider economy, underlining the crucial role that landlords play in society and the economy.
Report reveals rise in agent complaints and landlords feeling...
The Property Redress Scheme’s annual report paints a picture of a property sector facing challenges with agent complaint enquiries rocketing by 20% in 2023 compared to the previous year.
The scheme...
Social housing landlord slammed for mushrooms growing in a mouldy...
The Housing Ombudsman has severely criticised social landlord Guinness Partnership for failing to fix problems in tenants’ homes – including a child having to live in mould for three years.
City’s selective licensing scheme sees a surge in applications...
A council’s mandatory licensing scheme for private landlords has received a higher-than-expected response in its first year.
The scheme, launched in September 2022, requires all rented homes in...
Property investors turn to trade press amid economic uncertainty...
Property investors in the UK favour trade publications over advisors when making investment decisions, research reveals.
The study of 2,000 adults by Market Financial Solutions (MFS) reveals that 16% hold...
Propertymark calls for better landlord support in Wales...
Propertymark is urging the Welsh Government to learn from Scotland’s experience with legislative changes in the private rented sector (PRS) with increased support for landlords to understand and...
Council tenants awarded £40,000 for damp and mould issues...
Three council tenants have been awarded a total of £40,000 by the Housing Ombudsman after enduring unacceptable living conditions caused by damp and mould.
The Ombudsman identified ‘severe maladministration’...
Landlords see a huge rise in Right to Rent fines...
Landlords and letting agents in England have been hit with a significant rise in fines for failing to comply with Right to Rent regulations.
According to government figures, penalties jumped by a staggering...
Landlords will save £4,468 in CGT on each property sale...
The average landlord will benefit from a cut in Capital Gains Tax (CGT) but will still face a significant tax bill when exiting the buy to let sector, research reveals.
Zero Deposit, the tenancy deposit...
Rent growth slows as rented homes take longer to let...
The rate of rent increases is slowing down, but tenants are still facing significant rises, the latest data from Hamptons reveals.
According to its figures, the average rent on a newly let home in Great...
Landlord MPs set to ‘torpedo’ Renters (Reform) Bill...
Momentum is growing to torpedo the Renters (Reform) Bill that will abolish Section 21 ‘no-fault’ evictions and end fixed term tenancies, the Telegraph reports.
The news comes just days after...
Property market sees price surge fuelled by rising buyer demand...
The average property listing price in the UK surged by 1.5% to £368,118 to mark the UK property market’s ongoing revival from a subdued 2023, data from Rightmove reveals.
The price rise is down...