Page 143 – Property118
Document on Renters’ Rights Bill impact assessment labeled unreliable with UK Parliament in background

Lawyer criticises Renters’ Rights Bill impact assessment for underestimating costs

27th November 2024

A lawyer has slammed the Renters’ Rights Bill impact assessment, calling it “unreliable.” David Smith, head of dispute resolution at JMW Solicitors, says the government’s assessment doesn’t “paint a true picture” of the financial impact on landlords. The Renters’ Rights Bill is expected to cost £33 million a year, but the government insists it will […]

Model house with energy rating chart beside stacked coins, representing local grant for home energy efficiency.

Propertymark calls for more landlord support in Warm Homes Plan

27th November 2024

Propertymark has welcomed the government’s Warm Homes Plan, which aims to help homeowners save money on energy bills and improve home energy efficiency. The plan includes grants for heat pumps, support for renters and low-income households, and a relaxation of planning permission rules for heat pumps in England. However, Propertymark says it is concerned that […]

Row of Victorian terraced houses in London symbolising strong buy-to-let investment potential

Terraced houses offer the best London BTL investment

27th November 2024

London’s terraced houses are the most lucrative property type for buy to let investors, research reveals. With average property prices of £579,743 and rent of £2,594, terraced houses in the capital offer BTL investors yields of 5.37% – that’s higher than the average of 4.81%. The second most lucrative BTL property type are flats which […]

Property expert outdoors discussing rising UK rent prices

Rents rise by 8.7% – but one area sees a 30% increase

27th November 2024

Rents across Britain have surged over the past year by 8.7%, with some areas experiencing staggering increases – including one area that saw a jaw-dropping 30.1% rent hike. The research from Zero Deposit, the tenancy deposit alternative, reveals that London saw the most significant jump at 10.4%. Yorkshire and the Humber recorded the smallest increase […]

Pink storage box labeled "Personal Belongings" used for organizing tenant items after eviction.

Joint tenancy – can either evicted tenant collect all items?

27th November 2024

My evicted tenants were on a joint tenancy. Apparently, one tenant had moved out and the remaining tenant had to be evicted, leaving a house full of items and some unpacked. Recently, he had asked to collect, in particular, his child’s item (as he has received a Court order) Now the other tenant (the mother […]

Smiling professional woman representing leadership in social housing regulation

Most social housing tenants are happy – but there’s room for improvement

27th November 2024

The first survey of social housing tenants has found that while many of them are happy with their homes, there’s still room for improvement. It found that just one in three tenants are happy with how complaints are handled, and one in five say they aren’t happy with their landlord’s service. For shared owners, just […]

UK Parliament with Union Jack flag promoting £33 million Renters’ Rights Bill impact

Landlords and agents set to bear brunt of £33M cost of Renters’ Rights Bill

26th November 2024

The impact of the Renters’ Rights Bill is expected to cost £33 million a year, but the government insists it will not trigger a mass exodus of landlords. According to the government’s impact assessment, the estimated cost for landlords is £12 per rented property annually, while agents are expected to face an average cost of […]

Dairy cows feeding in a barn, symbolizing farmers’ work and property management

Treat Landlords more like Farmers?

26th November 2024

With all the recent fuss about farmers and the changes in inheritance tax rules for them, something struck me and I wonder what thoughts other members have. I raise this partly in jest as IN NO WAY would these thoughts be entertained owing to the low opinion had of landlords. So, what other business has […]

Ceiling-mounted positive input ventilation outlet releasing filtered air

Positive input Ventilation units – What is your experience?

26th November 2024

Positive input Ventilation units (PIVs) to clear dampness around the window reveals. We have had new double-glazed plastic windows fitted just before the legal requirement of ventilation top vents. We have super tenants who wipe the windows down daily and understand the need for ventilation and general dampness avoidance. The plaster around the window reveals […]

Wooden house-shaped block with pound symbol and the word RENT beside Knight Frank logo.

Rising rents and slow house price growth amid economic uncertainty

26th November 2024

Growing uncertainty around the Renters’ Rights Bill has led to more landlords leaving the market and rents to rise, according to Knight Frank. According to the estate agent, rents could jump by 17.6% over the next five years, between 2025 and 2029. However, Knight Frank’s housing market forecast suggests that house prices are expected to […]

L&Q chief executive discussing sale of PRS portfolio

Major landlord to bail out of the PRS

26th November 2024

A major landlord has unveiled plans to sell its private rented sector (PRS) business portfolio of 3,147 homes across 53 schemes in Greater London. London & Quadrant Housing Trust (L&Q) is looking for buyers to take on its Metra Living arm. The move is part of L&Q’s strategy to focus on its core business of […]

Marijuana plants and irrigation system discovered in damaged rental property used for illegal cultivation

Tenant’s lies cause £10,000 damage after marijuana farm found in rental property

26th November 2024

A landlord uncovered £10,000 in damages to his rental property after discovering it had been used as a marijuana farm. Nick Lyons, CEO of inventory management service No Letting Go, said everything seemed normal until neighbours noticed the property’s windows were covered with blacked-out paper. Mr Lyons is urging landlords and letting agents to carry […]

Scottish housing minister discusses landlords’ role and investment rights

Landlords are working people, Scottish housing minister confirms

26th November 2024

Scotland’s landlords are ‘working people’ with the right to a ‘return’ on their investments, housing minister Paul McLennan has confirmed. The Minister made the comments during a question-and-answer session at the recent Scottish Association of Landlords’ (SAL) annual conference. Mr McLennan’s statement contrasts with that of Prime Minister Keir Starmer, who recently said his government […]

Lady Justice statue with scales symbolizing law and fairness in eviction debate

Councils fail to prosecute criminal landlords

26th November 2024

Councils across England and Wales received nearly half a million complaints about landlord misconduct in five years, but they took fewer than 1,300 landlords to court. More than 100 councils admitted to not prosecuting a single landlord during this period. Data from Public Interest Lawyers shows that the average council now prosecutes just one landlord […]

Confused man surrounded by scattered papers, symbolizing misunderstanding of the letting industry

Why Southwark Council’s Attack on Letting Agents Is Misguided

25th November 2024

Southwark Council’s recent declaration that letting agents are “predatory and exploitative” is both misleading and counterproductive. While their concerns about affordability are valid, attributing the housing crisis solely to letting agents ignores the complexities of the rental market and the critical role these professionals play in ensuring its functionality. Let’s unpack the realities of the […]

Housing Minister criticised by NRLA over court system reform comments

NRLA blast Housing Minister’s court system remarks

25th November 2024

The NRLA and other industry bodies have slammed Housing Minister Matthew Pennycook, for claiming that “alarmist statements about the county court system” stem from opposition to abolishing Section 21. In a letter to Mr Pennycook, Propertymark, Leaders Roman Group and Goodlord, argue that the Minister is dismissing concerns about possession proceedings, which, for some landlords, […]

Wooden figure with sad face symbolising struggling landlords in the UK housing market.

Landlords feel unfairly treated as industry body warns of housing crisis

25th November 2024

Landlords feel they are being “unfairly penalised,” while tenants are being granted too many rights, according to the latest Propertymark Housing Insight Report. The report reveals the ongoing issue of demand outstripping supply, with many renters struggling with affordability. Propertymark is urging the government to introduce measures to attract investment in the private rented sector. […]

Scissors cutting percentage symbol beside energy efficiency chart, symbolizing lender rate adjustments for EPC targets

Lenders adjust rates in response to EPC C targets and market changes

25th November 2024

A lender has announced rate cuts on their products, with Fleet Mortgages relaunching five-year fixed-rate options for landlords buying or remortgaging properties with an EPC rating of A-C. Fleet Mortgages has also reduced rates on its two-year product transfer options for existing customers across standard, limited company, and HMO ranges. Meanwhile, the lender Together has […]