Page 124 – Property118
City of London with a pig and an arrow pointing down, London Councils text.

London boroughs face £264m council housing budget crisis

21st May 2025

London’s local authorities say they are facing a severe financial challenge, with a new report projecting a £264 million reduction in council housing budgets over the next three years. London Councils says there is growing pressure on boroughs as management costs for social housing soar while revenue lags. It has published a report, ‘Crunch Point […]

Wooden houses around a percentage sign and text saying What's New

BTL lenders offer new mortgage options and rate cuts

21st May 2025

Foundation Home Loans, MT Finance and Molo have announced enhancements designed to meet the evolving demands of landlords and intermediaries, by introducing new products, flexible criteria and competitive rate reductions. Foundation has expanded its Property Plus range to include short-term lets (STL), such as properties listed on Airbnb or used by contractors and remote workers. […]

Sold sign with houses in the background

Right-to-Buy sales set to reach highest level in 20 years

21st May 2025

The number of council homes being sold under the Right-to-Buy scheme is set to hit its highest level in two decades. More than 18,500 homes are expected to be sold off in 2025/26, the highest figure since 2005, according to analysis by the i newspaper. The Local Government Association has warned that this “mass sell-off […]

Elizabeth Line train and green arrow pointing updates from smoke

Elizabeth Line sparks soaring rents across London and beyond

21st May 2025

Since the Elizabeth Line opened in May 2022, the cost of renting homes near its stations has rocketed, with an average increase of 31% over three years, Goodlord says. Its analysis of more than 80,000 tenancies across 32 stations highlights how the new rail link has transformed the rental landscape in London and surrounding areas, […]

3 small Model houses sitting on a calculator, an arrow pointing right and left

House prices stagnate as landlords selling fuels surging property supply

21st May 2025

The UK housing market is experiencing a slowdown in price growth despite a brighter interest rate outlook, as a surge in available properties gives buyers the upper hand. That’s according to property consultancy Knight Frank, which says part of the supply imbalance is due to landlords selling to avoid the Renters’ Rights Bill. It has […]

A commercial high-rise property sitting on a clipboard with a person pointing towards it and a blue question mark sign

Should we reinvest in commercial property?

21st May 2025

Hello, we need some advice on commercial investment, please. We are in the process of selling a long-held residential property and would appreciate the guidance of someone who knows the ins and outs of commercial property. We are based in North Hampshire and we have seen advertised industrial units on an established local industrial estate […]

Courtroom justice hammer, on court papers and a green tick inside a box

Landlord thwarts £17,000 tenant rent repayment claim

20th May 2025

A £17,000 rent repayment claim against a private landlord has been overturned, thanks to the intervention of Landlord Licensing & Defence. The case, initiated by Justice for Tenants, alleged that the landlord failed to secure a necessary selective licence for the property. However, the claim unravelled before it could proceed to a Tribunal, marking a […]

A man sitting at a laptop, looking confused and a green question mark

What are the MCOL pre-action protocols for rent arrears?

20th May 2025

S21 accelerated proceedings are in hand, and the tenant is refusing to move. The council have offered him alternative accommodation options both of which he has refused. Council have told him the financial/legal implications if he stays until the bailiffs arrive. I am now considering Moneyclaim online service (MCOL) as I know his current address […]

Gold percentage and scissors

Landbay and Aldermore cut BTL mortgage rates for landlords

20th May 2025

Specialist lenders Landbay and Aldermore have announced reductions in their buy to let mortgage rates, boosting affordability for both new and existing investors. The moves come amid favourable market conditions, including lower swap rates and the recent Bank of England base rate cut. Landbay has lowered rates across its entire BTL range, with reductions of […]

Man scratching his head while holding a laptop with a turquoise background

Tenants need a new source for housing advice to tackle landlords

20th May 2025

There’s a big gap in tenants’ understanding of their legal protections when facing poor housing conditions, research reveals. According to the TDS Charitable Foundation, many renters across England are unaware of how to address issues with landlords or letting agents. And, it claims, the Renters’ Rights Bill will be ineffective if tenants don’t know where […]

Fairies, a mystical night sky with the moon in the background

Some people believe in fairies but can we afford fantasy in government?

20th May 2025

If you are not competent, or perhaps if you are dishonest or delusional, then you may not realise that you have to face the consequences of your actions. That in the end, you must face the facts of life, but if you are in a ministerial position, other people really do have to face the […]

A homeless person sitting down holding a piece of cardboard with a Scottish flag

Propertymark warns against rent caps as Scotland’s housing crisis worsens

20th May 2025

An industry body is calling for action to tackle Scotland’s housing crisis. Propertymark is warning the Scottish government not to rely on rent controls and instead focus on investment in the private rented sector. The news comes after Shelter Scotland reveal Scotland’s housing emergency is impacting 2.3 million adults. More than four in ten adults […]

A person with a safety vest on with a safety orange helmet working on a smart meter and the word cancelled

Edinburgh landlord struggles with RTS switch off delays

20th May 2025

A retired Edinburgh schoolteacher is grappling with repeated setbacks in upgrading a soon-to-be obsolete meter at his rental property, raising concerns that his tenants may lose access to heating and hot water. The Daily Record says that David Bateman, an 80-year-old landlord from Leith, has faced five failed attempts to install a smart meter to […]

Chancellor delivering a speech on Britain’s economic future

Labour is gearing up for a tax raid on landlords – claim

19th May 2025

Chancellor Rachel Reeves is facing mounting calls from Labour MPs to impose new taxes on landlords, aiming to address a looming budget deficit without breaking the party’s promise to avoid tax hikes on ‘working people’. The news comes as a survey carried out by the National Residential Landlords Association found that 83% of landlords are […]

Tessa Shepperson is advertising a free webinar, Achiving Complaince with the Renters' Rights Billl in a circle

Free webinar on Renters’ Rights Bill Compliance

19th May 2025

If you are worried about the Renters Rights Bill, fear not.  Landlord and tenant specialist Solicitor Tessa Shepperson will be delivering a free webinar ‘Achieving Compliance with the Renters Rights Bill’. “Normally”, said Tessa, “these webinars are only available to my Landlord Law members.  I decided to open this webinar up to non-members as I […]

A person writing on a form with a Red cross and question mark

Section 21 struck out?

19th May 2025

I have had a Section 21 claim struck out because “The Notice Seeking Possession” is not in the prescribed form. It seems that the N5B form, which I downloaded from a popular landlord forum, is outdated as it does not mention updated advice on the possibility of receiving a “Breathing Space” and specific provisions regarding […]

Students sitting round a table with a question mark

End of student tenancies as we know them?

19th May 2025

Hello, Reading about the Renters’ Right Bill, it appears to me that if you have let a property to a group of students on a new periodic tenancy then one student can terminate the whole tenancy on two months notice. Does it mean that that student can walk away and leave the other students without […]

Buy to let mortgage arrears fall

19th May 2025

The number of buy to let mortgages in arrears has fallen by 6% from the previous quarter, reaching 11,830, or 0.61% of all BTL loans, data from UK Finance reveals. It also reveals that there has been a big decline in mortgage arrears for the first quarter of 2025, marking the lowest level since the […]

A person holding a calender saying tenancy agreement, a alarm clock, an arrow pointing upwards, and a question mark

Tenants prefer long-term rentals over short-term lets

19th May 2025

There appears to be a strong preference among tenants for long-term rental agreements, casting doubt on the impact of the proposed Renters’ Rights Bill (RRB), which aims to eliminate fixed-term tenancies. The research by FCC Paragon reveals that only 10.4% of short-term rental properties across Great Britain, excluding holiday lets, have secured a tenant, compared […]

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Courts face possession crisis as Renters’ Rights Bill looms – NRLA

19th May 2025

The National Residential Landlords Association (NRLA) has raised concerns about the preparedness of the courts to manage possession cases following the abolition of Section 21 ‘no-fault’ evictions under the Renters’ Rights Bill. New data from the Ministry of Justice reveals a worsening situation, with landlords now waiting an average of more than seven months (32.5 […]

Rightmove logo, a house and stacks of coins increasing in size

House prices hit record high despite subdued market

19th May 2025

Despite a quieter than usual late spring, the average price of properties entering the UK’s property market has climbed to £379,517, marking a 0.6% (£2,335) increase this month, Rightmove says. This milestone represents the fifth consecutive year of record-breaking May prices, though the growth is the smallest for this period since 2016, reflecting a tempered […]