Property118 News

Holiday let loophole costing councils millions

Author: Property118.com Landlord News Team

1st August 2024, 2 years ago | 2

Local authorities are missing out on millions of pounds in tax revenue due to a loophole allowing holiday homeowners to...

Average UK rent tops £1,400 for the first time

Author: Property118.com Landlord News Team

31st July 2024, 2 years ago | 1

A perfect storm of soaring demand and limited supply of homes has pushed rents to unprecedented levels, according to the...

Paragon and Molo are the latest lenders to reduce BTL rates

Author: Property118.com Landlord News Team

31st July 2024, 2 years ago | 0

Paragon Bank has refreshed its product range, offering landlords more competitive buy to let mortgage options. Rates for single self-contained...

London’s PRS boosts the UK’s economy by £14.6bn

Author: Property118.com Landlord News Team

31st July 2024, 2 years ago | 0

London’s private rented sector (PRS) is a key driver of the UK economy, contributing a substantial £14.6bn to the nation’s...

Angela Rayner unveils new mandatory housing targets

Author: Property118.com Landlord News Team

31st July 2024, 2 years ago | 7

Angela Rayner has warned that councils will be stripped of planning powers if they fail to meet housing targets. Under...

Zoopla’s boss predicts a shift to corporate landlords for the PRS

Author: Property118.com Landlord News Team

31st July 2024, 2 years ago | 36

The boss of property listings website Zoopla, Charlie Bryant, says that being a private landlord is no longer financially viable...

Landlords face £34,000 repair bill nightmare

Author: Property118.com Landlord News Team

30th July 2024, 2 years ago | 5

Landlords across the UK are potentially facing staggering repair costs, with new research revealing an astonishing 72 maintenance jobs per...

John Lewis gets green light for its BTR scheme

Author: Property118.com Landlord News Team

30th July 2024, 2 years ago | 2

John Lewis Partnership has secured planning permission to transform its Bromley Waitrose site into a new community of 353 rental...

UK house prices set for 2% rise as market rebounds

Author: Property118.com Landlord News Team

30th July 2024, 2 years ago | 0

After a chilly 2023, the UK’s housing market is showing clear signs of warming up in 2024, with increased buyer...

Property investors eye interest rate cuts

Author: Property118.com Landlord News Team

30th July 2024, 2 years ago | 0

Property investors are betting on interest rate cuts to fuel market optimism rather than worrying about political change or global...

Foundation Home Loans and The Mortgage Lender reduce BTL rates

Author: Property118.com Landlord News Team

29th July 2024, 2 years ago | 0

Foundation Home Loans has unveiled a new limited-edition HMO product and reduced rates across its ‘Buy to Let’ and ‘Solutions...

Stamp duty relief blow for first-time buyers

Author: Property118.com Landlord News Team

29th July 2024, 2 years ago | 3

Only 37% of homes for sale will qualify for stamp duty relief when the current threshold of £425,000 reverts to...

Propertymark pushes for letting agents’ inclusion in Good Landlord Charter

Author: Property118.com Landlord News Team

29th July 2024, 2 years ago | 1

An industry body wants letting agents to be included in Andy Burnham’s Good Landlord Charter. The charter aims to “empower...

Landlord blames selective licensing for city’s surge in temporary accommodation

Author: Property118.com Landlord News Team

29th July 2024, 2 years ago | 12

A council admits more households than ever are being put in temporary accommodation, with a landlord blaming selective licensing for...

Ed Miliband: Landlords must meet EPC C targets by 2030

Author: Property118.com Landlord News Team

26th July 2024, 2 years ago | 61

Landlords could face bans on renting out their property if they do not meet EPC C targets by 2030, claims...

Survey reveals landlords’ divided views on Labour’s election victory

Author: Property118.com Landlord News Team

26th July 2024, 2 years ago | 1

A survey has found that 43% of the UK’s landlords are optimistic that Labour’s General Election victory will benefit them....

Industry expert urges letting agents to champion the Renters’ Rights Bill

Author: Property118.com Landlord News Team

26th July 2024, 2 years ago | 8

Since letting agents have crucial knowledge about the private rented sector (PRS), they must push for its improvement and support...

Homeownership dream fades as affordability crisis deepens – Skipton

Author: Property118.com Landlord News Team

26th July 2024, 2 years ago | 1

Just one in eight potential first-time buyers can afford the average property in their area, with the situation even more...