Page 144 – Property118
Rising rent and interest rate concept with house and percentage symbols at sunset

Generation Rent says rent hikes to market levels aren’t justified

25th November 2024

Generation Rent claims that “landlords raising rent to market levels is not a valid reason for a rent hike”, despite it being legal under current government policies. A survey by the tenant group reveals that 20% of renters have experienced rent increases driven by landlords adjusting rents to match market levels. However, Generation Rent does […]

Foxtons lettings director in business suit discussing London rental market trends

Record rental stock levels and flat rent rises in London

25th November 2024

London’s private rented sector (PRS) saw a big shift in October, with Foxtons’ latest lettings market index revealing record-high stock levels. This marks an 8% increase compared to the same period last year, making it the highest level of new stock in four years. Despite the increase in supply, tenant demand remained relatively strong, though […]

Red question mark standing out among a pile of grey question marks, symbolizing clarity of purpose.

Why Do You Really Want to Invest in Property?

22nd November 2024

When people think about getting started in property investing, the reasons they give often sound impressive: “to increase monthly income,” “achieve financial freedom,” “secure my future,” or “build generational wealth.” Maybe you’ve even thought, I’ve always wanted to. These reasons why sound ok but they’re way too vague. Here’s the uncomfortable truth: property investing isn’t […]

Air source heat pump outside a building symbolizing reduced energy costs for landlords

Why isn’t the government supporting landlords investing in heat pumps?

22nd November 2024

Due to the skyrocketing costs of energy, two years ago we started replacing existing gas-fired boilers with air source heat pumps, solar panels to generate electricity, and battery storage. It cost a lot, and with only a £5,000 grant (now £7,500), it was a big investment. The first house we did was a large Victorian […]

Allison Thompson of LRG discussing rising demand for accessible rental housing

Demand for accessible rental homes surges – LRG

22nd November 2024

Demand for accessible features in rental properties is on the rise with nearly 40% of tenants expressing a preference for features like lateral living layouts and step-free access. That’s according to a new report from Leaders Romans Group (LRG) which also says tenants would like to see non-slip flooring and wider doors. This growing demand […]

Business person pointing at a glowing question mark, symbolising uncertainty about leaseholder rights

Free landlord seminar will help avoid council enforcement fines

22nd November 2024

A free seminar for private landlords will help educate them about how they can protect themselves from potential fines and property bans. It’s being held in Leeds on Monday after the city council’s housing enforcement team began issuing enforcement actions daily. The team’s officers are conducting vigorous inspections, and the penalties include landlords facing orders […]

Operations director sharing insights on landlords expanding portfolios amid market pressures

Portfolio landlords buck the trend by expanding their portfolios

22nd November 2024

The UK’s private rented sector (PRS) landlords are defying growing economic pressures by expanding their property portfolios, according to a new analysis. The research from Inventory Base reveals that instead of downsizing, landlords are opting to acquire more, lower-value properties to boost their rental income. The analysis reveals that the average landlord’s portfolio size increased […]

EPC upgrade graphic showing energy efficiency ratings with 2030 deadline focus.

Landlords face potential £20bn bill to meet EPC C standards

22nd November 2024

Landlords in England could face a £20bn bill to upgrade their properties to meet EPC C standards by 2030. Although, there will be a general election between now and then. The claim by energy-efficiency platform epIMS, says currently more than half of properties in the private rented sector (50.1%) have an EPC rating below C. […]

Older couple viewing rental apartment with “For Rent” sign, reflecting retirement housing challenges

Renters expect to rent in retirement amid rising costs

22nd November 2024

Nearly 40% of renters believe they will still be renting in retirement, according to new data. The study by the Equity Release Council reveals that only a quarter (25%) of renters think they will be able to buy a home before they retire. The news follows figures from the Office for National Statistics showing rents […]

Black Friday sale promotion for property investing training with up to 95% off and bonus content.

Get Ready: My Black Friday Offer Is Coming Soon!

22nd November 2024

As Black Friday approaches, you’re probably already seeing a flood of emails about deals and offers. But this year, I have something truly special lined up for you – an exclusive Black Friday offer that I guarantee you won’t want to miss. Each year, my team and I at property investors network (pin) work hard […]

Chris Daniel discusses Section 21 delay and its impact on social housing versus private landlords.

Exclusive: Will the government delay Section 21 to social housing providers and not private landlords?

21st November 2024

Rumours are circulating that the Labour government could delay the abolition of Section 21 for social housing providers but NOT for private landlords. In an exclusive interview, Chris Daniel, a Private Sector Housing Consultant, eviction expert, and founder of Possession Friend, tells Property118 that the government is considering delaying the abolition of Section 21 for […]

Sold estate agent signs highlighting the UK property market squeeze amid landlord sell-offs.

The landlord exodus is fuelling a rental crisis

21st November 2024

The UK’s private rented sector (PRS) is teetering on the brink of a full-blown crisis, with a surge in tenant demand and a dwindling supply of rental properties, one leading landlord says. The Mistoria Group points to a recent survey involving more than 1,500 landlords, tenants and letting agents, which revealed that nearly half of […]

Propertymark representative promoting landlord support in upcoming Welsh Budget

Propertymark urges the Welsh government to help landlords

21st November 2024

Propertymark is calling on the Welsh Government to implement a ‘pro-growth’ 2025-26 Budget, focusing on stimulating the private rented sector (PRS), boosting homeownership and addressing the issue of empty commercial properties. The professional body welcomed the increased funding of £21 billion for the Housing Support Grant but urged the government and local authorities to use […]

Worker spraying foam insulation in attic with red prohibition symbol

Homes left unmortgageable due to spray foam insulation

21st November 2024

Spray foam insulation has made many houses unsellable and unmortgageable, despite a government eco scheme encouraging homeowners and private landlords to install insulation to improve energy efficiency in their properties. According to the BBC, a quarter of the UK’s largest mortgage providers refuse to lend against homes with spray foam insulation in the roof. This […]

Property for sale and rent signs outside UK homes highlighting active rental market

Landlords enjoy booming yields – Paragon

21st November 2024

Landlords across the UK are reaping the rewards of a buoyant rental market, with average buy to let yields reaching a peak of 6.72% in September, Paragon Bank reports. Its data shows this is a big rise from the previous quarter’s 6.69%, and the 6.48% seen last October. The uptick is attributed to a combination […]

Estate agent boards outside rental properties in London highlighting demand in the private rental sector

UK rents grow by 8.7% and houses by 2.9% – ONS

21st November 2024

Private rent prices in the UK have grown by 8.7% in the 12 months to October, the Office for National Statistics (ONS) reports. This marks a slight rise from the 8.4% annual growth rate seen in September but remains below the peak of 9.2% reached in March. England saw the largest increase in average rents, […]

Student surrounded by moving boxes representing housing struggles highlighted by NUS survey.

Student campaigners demand ban on guarantor requirements for tenants

20th November 2024

The National Union of Students (NUS) is calling on the government to make it illegal for landlords to require tenants to have a UK-based guarantor. Student campaigners argue that the current housing system is “predicated on exploitation and profit extraction,” leaving many student renters vulnerable. This demand follows an NUS survey revealing that one-third of […]

First-time buyers face years of delay due to rising costs

20th November 2024

Nearly half of prospective first-time buyers in the UK are being forced to delay their homeownership dreams due to the rising cost of living and economic uncertainty. That’s according to a report by Aldermore which reveals that 44% of aspiring homeowners have had to push back their plans. The lender’s first-time buyer index shows that […]

Scottish housing minister discusses landlords’ role and investment rights

Scottish landlords warn that rent controls will ‘backfire’

20th November 2024

Landlords in Scotland are warning that proposed rent controls will backfire, leading to a reduction in rental supply and higher rents for tenants. The warning comes from the Scottish Association of Landlords (SAL) which met for its annual conference yesterday (19 Nov). The landlords say they are bracing for the potential negative consequences of proposed […]