Page 116 – Property118
A hand pressing a complaints screen, PRS logo

Redress scheme sees surge in complaints and member expulsions

11th March 2025

The Property Redress Scheme (PRS) says that the top three complaints about agents last year are the same as in 2023. They are issues with holding deposits, substandard service and oversight, and difficulties with tenancy fees and rent gathering. Its annual report reveals that complaint enquiries rose to 2,861, a rise of 20% compared to […]

Coins stacked with a house, red downward arrow, and “Price Reduced” tag showing UK property market cuts.

Home sellers cut prices before the stamp duty deadline

11th March 2025

Homeowners are reducing asking prices ahead of the forthcoming stamp duty change, particularly for properties under £250,000, research reveals. An analysis by GetAgent.co.uk reveals a surge in price drops as sellers attempt to offset the rising tax burden and attract buyers. The study examined property listings to find how many sellers have lowered their expectations […]

Property Investors Award and property118

Property Investors Awards – New Property Investor of the Year

10th March 2025

With a property business inspired by her last name, Olivia Hornby is certainly on track for success. Winning New Property Investor of the Year at the Property Investors Awards was an unexpected surprise, but it has given her a huge confidence boost and opened doors to exciting new opportunities in the industry with her OOO […]

Lady Justice with UK flag and £20 notes symbolising court funding

Civil courts and property tribunals need more investment to handle Renters’ Rights Bill

10th March 2025

A firm warns without investment in the civil courts and property tribunals, landlords could be left in limbo in trying to regain possession of their properties. Proptech firm Reapit says, despite the government’s funding boost for criminal courts, more funding is needed for civil courts to tackle the growing backlog. The Ministry of Justice have […]

Two workers repainting an empty flat with a large golden question mark added.

Widowed tenant in care home permanently?

10th March 2025

Hi, I have a long term widowed tenant who went into a care home with dementia in August, for assessment. She has no children, and only a brother who is not our tenant. Her social worker has told me that she will be staying at the care home and not returning. They will be arranging […]

Woman considering buy versus rent with Zoopla graphic showing arrows and sign “Buy Cheaper Today”

It’s now cheaper for first-time buyers to buy than rent

10th March 2025

First-time buyers can save 20% when they buy their first home rather than renting, research reveals. Zoopla says that first-time buyers in Great Britain face average monthly mortgage payments of £1,038 – which is 20% less than the typical rent of £1,248. The calculation assumes a 20% deposit, amounting to £50,740, on a standard starter […]

Calendar with calculator, house symbol crossed out, and question mark about tenancy dates.

New tenant decided to not proceed with tenancy on start date?

10th March 2025

Hello, I would welcome any thoughts on this situation. An agreement was reached with a tenant applicant after he had viewed the flat. The applicant signed an AST agreement to commence a 6 month rental on 9th March. He had paid one weeks holding deposit and also paid a deposit of 5 weeks rent, which […]

Person pointing at lease extension search with modern apartment building.

Lease extension – tax implication?

10th March 2025

Dear All, I own a leasehold flat (56yrs remaining, owned in my personal name) in a converted house with 2 other flats in the building. Both of the other flats have long leases (>900yrs at peppercorn). The freeholder wants to sell his interest and issued a Section 5 notice last December. This has now expired […]

Scales balancing rental reforms against rising rents with money on one side

Industry body warns rental reforms could drive up rents and reduce supply

10th March 2025

Propertymark letting agents argue “overly restrictive regulations” will hurt supply and drive up rent prices. Propertymark members are warning members of the House of Lords that the Renters’ Rights Bill could make it difficult for people to find affordable housing and are urging Lords members to make sure the Bill “is fair and balanced for […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

Renters’ Rights Bill sparks more chaos: Are landlords and letting agents doomed?

7th March 2025

It’s not even law yet but the dreaded Renters’ Rights Bill has spread its tentacles from landlords and tenants to letting agents. That might come as a surprise to lots of readers, but it appears that smaller agencies are taking their cue to leave the PRS now. According to Spicerhaart, small letting firms are scrambling […]

Model house on a calculator with Halifax logo, symbolising UK house price changes.

UK house prices dipped slightly in February – Halifax

7th March 2025

The average UK house price dipped in February by 0.1% to £298,602, though year-on-year prices rose by 2.9% – unchanged from January. Northern Ireland saw the highest yearly growth of 5.9% growth, with average prices at £205,784, and Scotland’s prices grew by 3.8%. Welsh properties saw a 2.8% increase, averaging £226,811, while Yorkshire and Humberside […]

Smiling landlord holding model house with thumbs up, Leaders Romans Group logo, and tenant communication symbols.

Tenants praise landlords but call for better communication – survey

7th March 2025

A tenant survey is overturning gloomy clichés about landlords to reveal a largely upbeat relationship with 55% of renters commending their landlords for delivering decent homes. The survey by Leaders Romans Group (LRG) shows that just 12% of tenants have an unfavourable opinion about their landlord. The figures in the January 2025 Lettings Report chimes […]

Shawbrook Bank BTL bridging loan concept with house model and coins.

Bridging helps to boost landlord purchases – Shawbrook

7th March 2025

Landlords are increasingly utilising bridging finance to invest in buy to let properties and Shawbrook says that 63% of their residential bridging loan transactions were for purchases. Its internal statistics also a pattern which appears to have continued into this year. The lender says it is the adaptability of bridging loans which is enabling property […]

Confused man scratching head with question marks above.

Bizarre Housing Benefit scenario – is this legal?

7th March 2025

Some parents I know recently purchased a 3 bed detached bungalow for their severely disabled daughter to live in, and due to the need for 24hr care, she qualifies for the “2-bed HB rate” (one bedroom for her, and one for her carer). Her father charged her rent equal to the HB rate she is […]

Property Investors Network promotional banner with man in suit and text “Transform Your Future & Unlock Financial Freedom”.

Want to Replace Your Income with High Cash-Flowing Property?

7th March 2025

If you’re a property investor looking to replace your income, then focusing on high cash-flow properties is essential. But how do you do it in a way that accelerates your results and maximises your profits? You might be wondering—is that even possible? Yes, it absolutely is! But only if you follow a proven strategy. The […]

Glass house with percentage symbol and downward arrow showing mortgage rate cuts by CHL and Kent Reliance.

KRFI and CHL are the latest to lower BTL rates

7th March 2025

More buy to let mortgage providers have announced reductions in their buy to let rates. Kent Reliance for Intermediaries (KRFI), part of the OSB Group, has revealed lower rates across its range, including limited edition and standard products. Two-year fixed deals now begin at 3.69%, while five-year fixed options start at 4.39%. The reductions extend […]

Close-up of a Rent Guarantee contract with pen and calculator.

Welsh council initiative to attract private landlords

7th March 2025

A Welsh council has launched a programme to lease properties from PRS landlords so they can offer affordable homes to local people. Newport City Council says that landlords are leaving the sector ‘for different reasons’ and wants them to remain. To do that, it is offering landlords a range of initiatives through the Leasing Scheme […]

House with question mark surrounded by tools and complaint signs.

Tenant’s Disrepair Claims After 11 Years – A Landlord’s Nightmare?

6th March 2025

I have been renting a flat to a tenant who has occupied my property for 11 years. Over this period, I have only increased the rent twice, and each time I have done so, the tenant has responded with a series of disrepair complaints. The latest rent increase took effect in June 2024. In July […]

Air source heat pump outside a home with large pound symbol highlighting high installation costs.

Experts warn heat pumps are too expensive for many homes to meet net zero targets

6th March 2025

Despite the UK Climate Change Committee saying half of homes will need a heat pump by 2040 to meet net zero targets, an industry expert warns heat pumps are still “too expensive and not viable for many households.” According to epIMS, an energy-efficiency platform for landlords, 17.1 million heat pumps need to be installed in […]

NRLA logo with housing shortage symbol and Treasury Minister highlighting rental crisis.

NRLA welcomes MP’s admission that housing supply affects rents

6th March 2025

In answer to a written question, Labour’s Treasury Minister Emma Reynolds has highlighted the pressures driving up rents – a lack of housing. Addressing a query from Bell Ribeiro-Addy who asked if the Chancellor of the Exchequer had assessed the potential impact on economic growth of rising rents. Ms Reynolds stated: “Rental prices are ultimately determined […]