Page 141 – Property118
Property for sale and sold signs outside UK houses showing active housing market

The UK’s house prices climb for third consecutive quarter

4th December 2024

The UK’s house prices have continued their upward trajectory, marking the third consecutive quarter of growth in 2024, one property market index reveals. The research from Benham and Reeves reveals a 0.9% increase in house prices during Q3 of this year. The index, which combines data from Halifax, Nationwide, Rightmove and the UK House Price […]

Students and pets outside the Scottish Parliament with focus on the Scottish Housing Bill.

Students criticise landlord lobby over Scottish Housing Bill

4th December 2024

Student campaigners have slammed “the landlord lobby” for putting “people over profit” in the Scottish Housing Bill. The Scottish Housing Bill has passed the first stage but the National Union of Students Scotland claims MSPs “must close loopholes in the Bill which disadvantages students”. The Bill will allow renters to request permission to keep a […]

Business professional in light blue blazer smiling against grey background

Landlords take a long-term view after the ‘disappointing’ Budget

4th December 2024

Landlords across the UK have expressed disappointment with the recent Budget and are now taking a longer view of the private rented sector (PRS), one survey reveals. Landlords say they are disappointed with the increased stamp duty on second homes and investment properties. The research from buy to let lender Landbay reveals that 72% of […]

Landlord overseeing installation of a smoke alarm in a rental property

New smoke, heat and carbon monoxide alarm laws for NI landlords

4th December 2024

All private rental properties in Northern Ireland must now comply with stricter fire safety regulations. These new rules, implemented on December 1, aim to reduce the risk of fire-related injuries, deaths and property damage in rental properties. The law affecting all new tenancies came into effect on 1 September, but it now covers all existing […]

Illustration of houses with Landlord Sales Agency branding promoting property investment opportunities

What Serious Property Buyers Are Most Interested In Right Now

3rd December 2024

The property market is shifting, and it’s becoming clearer every day what serious buyers are really looking for: property companies and blocks of six or more properties. These investment opportunities aren’t just a trend — they’re the most efficient way for buyers to expand their portfolios while keeping costs down. For landlords considering selling, this […]

Construction inspector assessing cladding on a high-rise residential building

Government sets targets to fix unsafe cladding by 2029

3rd December 2024

The government have announced “tough targets” to fix all unsafe buildings with cladding by 2029. The government says its Remediation Acceleration Plan will “ensure rogue freeholders are held to account” and could face severe financial penalties if they fail to act. The news comes after the debate of the Grenfell Phase two report in Parliament […]

Business professional in suit representing new BTL mortgage product launches

Paragon and Fleet unveil new BTL mortgage rates

3rd December 2024

Paragon Bank has announced a range of limited-edition buy to let mortgages with attractive rates and flexible options. The new mortgages offer fixed interest rates for five years, with options to suit different financial needs. Rates start from 4.74% for single self-contained properties with an EPC rating of A-C and a loan-to-value (LTV) of up […]

Wooden houses with rising rent chart and Labour Party logo.

Government admits Renters’ Rights Bill could drive rent increases

3rd December 2024

The government finally admits the Renters’ Rights Bill could force landlords to raise rents to cover costs of additional regulation. However, the government claims, landlords with long-term tenants are less likely to raise rents. The Renters’ Rights Bill will abolish Section 21 immediately, rather than waiting for the court backlog to clear, and will also […]

Smoke alarm with smoke and a house symbol highlighting fire safety concerns.

Council faces criticism for lack of smoke alarms

3rd December 2024

Ben Beadle, CEO of the NRLA, has slammed Southwark Council for failing to manage their properties after the Regulator of Social Housing found that more than half of the properties lacked smoke alarms. The council, which owns 36,800 homes, received a C3 grading from the Regulator of Social Housing for “serious failings”. The news comes […]

Chief executive commenting on falling rent prices in England’s private rental sector

Rents continue to fall as market cools down

3rd December 2024

England’s private rented sector (PRS) saw rents continuing to soften in November, with average prices dipping nearly 3% month-on-month, Goodlord reveals. Its rental index reveals that the average monthly rent in England fell to £1,205 last month, a £33 drop from October’s £1,238. All regions saw a second consecutive month of rent falls last month. […]

Young couple unpacking boxes in new home with stamp duty deadline reminder

Stamp duty changes drive increased demand from first-time buyers

3rd December 2024

First-time buyers are racing to beat upcoming stamp duty changes, according to Rightmove. The property portal says buyers in higher-priced areas of England, such as London, are set to be most affected by the changes. The Budget confirmed that, from April next year, stamp duty thresholds in England will be lowered. For first-time buyers, the […]

Business professional in formal suit at modern office building

House prices rebound as annual growth hits 3.7%

3rd December 2024

UK house prices saw a surprising rebound in November, with annual growth accelerating to 3.7%, Nationwide reports. This marks the fastest pace of annual growth in two years, surpassing the previous month’s 2.4%. Month-on-month, prices increased by 1.2%, the largest monthly gain since March 2022. The average house price is now £268,144 – just 1% […]

Property experts discuss buy-to-let portfolio management strategies

Prune Your Portfolio: What to Sell and Keep

2nd December 2024

Unlock the secrets of successful property investment with our latest episode: “Prune Your Portfolio: What to Sell and Keep.” Dive into expert insights as we explore investment strategies that help property investors navigate the ever-evolving property market. Discover why some landlords are re-evaluating their portfolios amidst new regulations and market dynamics. Understand the key factors […]

Green illuminated exit sign symbolizing planning an exit strategy in property investment.

Why Every Property Investor Needs an Exit Strategy

2nd December 2024

When most people start out in property investing, their focus is usually on one thing: buying properties. While this is an exciting and essential part of the journey, many overlook a crucial aspect of long-term success, having a clear exit strategy. An exit strategy is more than just a plan for when you’re ready to […]

Black mould growth on a damp window corner after tenant eviction.

How should we handle tenants’ belongings and mould after eviction?

2nd December 2024

After months of struggle (9 months), including a breathing space moratorium, we have finally managed to evict our tenants for non-payment of rent (Section 8). However, the flat is still full of their belongings as they didn’t expect to leave, and now they’re threatening to sue us. They claim to be afraid that someone will […]

Legal aid funding symbolized with gavel, handshake, and savings jar with plant growth

Government announces legal aid funding to help tenants facing eviction

2nd December 2024

Tenants will receive increased funding for legal aid for the first time in nearly 30 years. The Ministry of Justice has announced a consultation on a £20 million investment in the legal aid sector, which the government claims will help tenants facing unfair eviction or the threat of homelessness access legal advice. The Law Society […]

Portrait of a business leader in suit and tie

Scottish Government urged to act over housing crisis

2nd December 2024

Scotland’s housing crisis is reaching a critical point, and the upcoming Scottish Budget must address the issue with immediate and substantial action, one property expert says. David Alexander, the chief executive of DJ Alexander Scotland, says that with 13 councils now declaring a housing emergency, the need for urgent support is clear. Scotland is facing […]

Woman smiling in professional portrait for property market news article

Homebuying becomes more affordable as wage growth outpaces house price rises

2nd December 2024

Buying a home has become slightly more affordable relative to income, according to research from Halifax. It says the average house price to earnings ratio has eased to 6.55, down from 6.62 last year. Wage growth has outpaced house price inflation, with pay increasing by 5%, compared to a 3.8% rise in house prices over […]

Cash buyers score big discounts as sellers want quicker sales

2nd December 2024

Cash buyers are enjoying big discounts on property purchases across England – of up to £86,000 – as sellers move to sell up quickly as the mortgage market stabilises. A study by Lomond reveals that thousands of homes in England are listed for sale with sellers specifically targeting cash buyers. These properties, on average, are […]

Modern bedroom with wooden bed frame and soft blue bedding representing spare room rental potential

Rent prices could drop if 1% of spare rooms were rented out

2nd December 2024

If just 1% of the UK’s 26 million spare rooms were let out, rent prices would drop back to 2017 levels, according to new research. SpareRoom reveals that rent prices have surged, with the Office for National Statistics (ONS) reporting an 8.8% increase to £1,348 in 2024, up from £456 in Q3 2017. The flat-sharing […]