Page 130 – Property118
Homeless man sitting on a London street holding a cup, highlighting homelessness crisis

Homelessness bill is pushing London’s councils ‘to the brink’

27th January 2025

London Councils is warning that rocketing homelessness in the capital is ‘pushing boroughs to the brink’, with unsustainable pressure on local services and budgets. The call comes as the cross-party group welcomes a new report from a Parliamentary committee highlighting the challenges for local authorities. The Public Accounts Committee found councils across England are at […]

Graph showing HMO yields analysis with Lendlord branding.

North East leads for the highest HMO yields

27th January 2025

There are big regional disparities for HMO landlords in the UK with Greater London boasting the highest average property value at £660,227. Though landlords in the North East enjoy the highest average yield of 15.4%. The property management and financial platform, Lendlord, says this inverse relationship between property values and yields presents investment opportunities. Its […]

View of Newcastle Quayside with Fleet Mortgages branding promoting first-time buy-to-let investment.

Northern England sees a surge in first-time landlords

27th January 2025

First-time landlords are increasingly investing in northern England, capitalising on lower property prices and higher rental yields. That’s according to Fleet Mortgages’ latest Buy-to-Let Barometer which reveals that 25% of mortgage applications in the North East came from first-time landlords. Yorkshire and Humberside came next at 13%. The news follows a survey by Simply Business […]

Senior couple relaxing at home, representing growth in UK senior rental housing market

Senior rental market set to boom

27th January 2025

The UK’s senior living rental sector is poised for a dramatic expansion, with private rental stock predicted to rocket by 150% over the next five years. That’s according to Knight Frank’s inaugural NextGen Living 2025 report. Researchers surveyed 56 leading institutional investors managing more than £60 billion in ‘living Sector assets. They found that the […]

Lady Justice statue with eviction notice and Lambeth Council logo, symbolizing legal dispute over tenant evictions

Labour council faces legal challenge after handing out hundreds of eviction notices

24th January 2025

Lambeth Council is facing a legal action after issuing eviction notices to hundreds of tenants living in properties rented on the private market. A resident of the Central Hill estate in south London has filed a claim for Judicial Review against the council. They argue that its decision to evict tenants from around 160 homes […]

Holiday rental home split between family enjoyment and rising VAT costs impact.

Holiday Let Crunch: Why VAT Could Lead to Fewer Choices and Higher Costs for Travellers

24th January 2025

If you’ve been enjoying affordable and flexible holiday lets in recent years, prepare for a potential shake-up. The recent HMRC v Sonder Europe Ltd ruling by the Upper Tribunal has sent shockwaves through the serviced accommodation industry. This decision redefines how VAT applies to businesses renting and subletting properties as holiday lets—and the fallout could […]

House with red cross symbol and Renters’ Rights Bill document, representing concerns over new tenancy clauses

Lettings body warns against Renters’ Rights Bill clauses

24th January 2025

Letting body safeagent is urging the government to withdraw two new clauses from the Renters’ Rights Bill, warning they could restrict access to the private rented sector for vulnerable tenants. In a letter to Housing Minister Matthew Pennycook, the organisation expressed concern that Clauses 13 and 14 would disproportionately impact those with poor credit histories, […]

Gold bar house symbolizing high housing costs with unaffordable sign

Housing affordability improves but remains a challenge

24th January 2025

Housing affordability has improved over the past year because earnings growth is exceeding house price growth, Nationwide reports. The report highlights that house prices remain high relative to average earnings, with the first-time buyer (FTB) house price to earnings ratio (HPER) was 5.0 at the end of 2024. That’s much higher than the long-term average […]

Wooden house model with EPC rating gauge and delay warning sign.

Landlords delay rental property EPC upgrades

24th January 2025

More than half of landlords with properties with an energy performance certificate (EPC) rating below C are delaying essential upgrades to meet the government’s 2030 deadline, a survey reveals. According to Landbay, 58% of landlords with below-C rated properties are waiting until closer to the deadline to carry out the necessary work. The survey reveals […]

Students in shared house discussing changes to HMO tenancy agreement

One of three tenants is leaving a student HMO?

24th January 2025

Hi Everyone, My daughter is at university and sharing a 3-bedroom HMO with two other tenants, and one is moving out. The remaining two tenants are happy to take over the tenancy and replace the leaving tenant’s share of the deposit. However, they have been told there are rules around HMOs if fewer than three […]

Wooden gavel on a courtroom desk with the word "WIN" symbolizing landlord’s legal victory.

Landlord wins Appeal Court case on service of tenancy documents

23rd January 2025

The Court of Appeal has ruled in favour of a landlord, confirming they can serve essential tenancy documents by post. The National Residential Landlords Association (NRLA) intervened in the case, which had the potential to impact landlords and letting agents. The D’Aubigny v Khan case centred on whether notices and other documents could be valid […]

Guidance for landlords on guaranteed rent risks after VAT ruling

Practical Guidance for Property Owners with “Guaranteed Rent” Agreements

23rd January 2025

If you’ve let your property to a serviced accommodation provider who promised “guaranteed rent,” the recent VAT ruling in HMRC v Sonder Europe Ltd could significantly impact your arrangement. Here’s how you can protect yourself and navigate this changing landscape: 1. Understand the Potential Impact Serviced accommodation providers using the Rent to Serviced Accommodation (R2SA) […]

London skyline with Tower Bridge and Buy to Let crown graphic highlighting landlord market trends

London reclaims BTL crown as Northern hotspots surge

23rd January 2025

London has emerged as the dominant force in the UK’s buy to let market in 2024, experiencing a 13% increase in new landlords, data reveals. The findings from Simply Business show this follows a period of slower growth in 2023, with the capital’s strong tenant demand and diverse property options now driving the resurgence. Its […]

Person calculating mortgage costs with house model on desk.

Buy to let mortgage possessions rocket by 73%

23rd January 2025

The latest quarterly update from UK Finance reveals there were 710 buy to let mortgage possessions in the third quarter of last year. It says the figure remains unchanged from the previous quarter but marks a huge 73.2% increase compared to the same quarter in 2023. The data shows that at the close of Q3 […]

Wooden house on stacked coins with family figures and question mark about local housing allowance.

Local Authority want to put the local housing allowance rate on the AST?

23rd January 2025

Hello Everyone, I am in the process of letting my property through a council. The rent is higher than the local housing allowance rate so the Local Authority (LA) said they will be covering the shortfall. However, the LA want to put the local housing allowance rate on the AST as the rent rather than […]

Houses at sunset symbolising shifting trends in the UK housing market

Housing market shows mixed signals

23rd January 2025

House prices in England and Wales are on the rise again with an annualised growth of 1.9% – which is below the rate of inflation. A report from Home.co.uk, also reveals that rents in London have fallen sharply in recent months, with the City of London and Hackney seeing the biggest falls. However, rents in […]

Model house under glass dome with tenancy agreement and question mark symbolizing protected tenancy concerns

Is my tenant still protected by the ‘Protected Tenancy’?

23rd January 2025

Hello, I bought a property in 2003 which had tenants in situ with a protected tenancy. They had been moved in very recently by a property company which had bought their previous rented property. A tenancy agreement was set up by the property company describing the tenancy of the new property as ‘Protected’, but with […]

Concerned landlord reviewing Renters’ Rights Bill changes affecting rent payments.

Landlords could see tenants moving in without paying rent

22nd January 2025

Real estate firm Knight Frank has issued a stark warning that tenants could move into properties without paying any rent once the Renters’ Rights Bill becomes law. The government’s bill will prohibit any rent payment before a tenancy agreement is signed, with landlords facing fines for accepting such payments. The firm’s head of lettings, Gary […]

House for sale sign highlighting end of stamp duty relief in England.

Fewer than 10% of homes will be SDLT free from April

22nd January 2025

There will be a big drop in the availability of stamp duty-free homes from April 1st when the current stamp duty relief reverts to previous thresholds, research reveals. Yopa says that currently, a third of properties for sale in England offer the possibility of a stamp duty-free purchase for existing homeowners. However, this figure is […]