Page 148 – Property118
Welsh flag with house and “Council Tax” text symbolizing reforms for HMO council tax in Wales

Propertymark supports Welsh government’s proposal to simplify council tax for HMOs

11th November 2024

An industry body has welcomed the Welsh government’s proposal to reform the “unfair” way HMOs (Houses in Multiple in Occupation) are charged for council tax. Propertymark has praised the Welsh government’s proposal to only charge HMO’s council tax as a single property rather than per occupant which they say will help make the system less […]

Hourglass beside a calendar symbolising urgency to sell before Stamp Duty deadline

Landlords rush to sell before Christmas ahead of the Stamp Duty Land Tax increase

8th November 2024

It seems it’s one step forward, two steps back for landlords with the recent Budget introducing significant changes to Stamp Duty Land Tax (SDLT) that will impact property transactions from April 2025. The changes have caused panic amongst landlords, with a spike in numbers looking to sell before Christmas. Currently, the SDLT threshold is £250,000 […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

CRUSADER: Why must landlords put up with vile online trolls?

8th November 2024

Landlords in the UK know they aren’t popular with politicians, councils, tenant activist organisations and lots of tenants – but do we really deserve the vile online landlord harassment that takes place? I ask because this week sees another activist urging followers to channel their frustration ‘into hating your landlord more’. I wasn’t going to […]

Keir Starmer at a Labour campaign event with supporters holding red signs and Union Jack flags

Prime Minister and Chancellor cash in while claiming to support renters

8th November 2024

The Prime Minister is raking in thousands as a landlord, despite avoiding commenting on whether landlords are considered ‘working people.’ According to reports in the Telegraph and the Daily Mail, new ministerial declarations reveal Sir Keir Starmer is the ‘owner of [a] let family home’ in London. The Prime Minister is not the only landlord […]

Donald Trump victory discussed by property experts on its impact on the UK housing market

What Impact Donald Trump Could Have On The UK Property Market?

8th November 2024

Donald Trump has won the US election. What impact will his policies have on the UK property market? In this engaging discussion with Ranjan Bhattacharya and John Howard:  Explore how Trump’s policies could influence the UK property market and interest rates. Gain valuable investment strategies tailored for property investors like you. Understand the broader economic […]

Together’s director of intermediaries promoting flexible commercial finance options

Together offers flexible commercial finance with adjustable fees

8th November 2024

Specialist lender Together has introduced a new level of flexibility to its commercial finance products. Customers can now choose from a range of lender arrangement fees across its buy to let mortgages and commercial term loans. By adjusting arrangement fees, borrowers can opt for a lower interest rate. The lender says that an unregulated BTL […]

Property expert commenting on Labour’s Budget impact on landlord

Landlords will bear the brunt of Labour’s Budget

8th November 2024

Landlords are facing the prospect of picking up the bill for Chancellor Rachel Reeves’ recent Budget, says Nick Lyons. The chief executive of property inventory firm NoLettingGo says the increased tax burden on businesses, including letting agents, will inevitably lead to higher costs being passed on to tenants. He says: “The additional cost to employers […]

Property auctioneer in business attire standing against a brick wall

Property auctioneers fear stamp duty hike will squeeze PRS

8th November 2024

Auctioneers believe that last week’s Budget move to increase the higher rate for Additional Dwellings from 3% to 5% will discourage investment in the private rented sector (PRS). NAVA Propertymark, Propertymark’s auctioneering arm, says the increase will reduce supply and potentially lead to higher rents for tenants. The organisation is calling for a review of […]

Housing Minister stands beside house key in door discussing Renters’ Rights Bill and landlord sector stability

Housing Minister dismisses landlord exodus amid concerns of shift to holiday lets

8th November 2024

The Renters’ Rights Bill will push landlords out of the sector and into short-term holiday lets, warn MPs. During a Renters’ Rights Bill Committee meeting, some MPs expressed concerns about the bill’s potential impact on the private rented sector. However, Matthew Pennycook, the Housing Minister, claimed, “there is no evidence of a landlord exodus.” The […]

Property experts discussing strategies to avoid the new 5% stamp duty surcharge amid market changes

Don’t Pay the 5% Stamp Duty Surcharge – Discover Two Legal Loopholes

8th November 2024

With the recent budget announcement from the Labour government, many property investors are taking a step back to reassess their strategies. The new stamp duty hike from 3% to 5% on second homes and investment properties, represents a substantial 66% increase. This change has left some investors cautious, but where others see hurdles, savvy investors […]

Hands breaking chains with Zoopla logo and house-shaped cloud symbolizing freedom in the property market

Chain-free homes surge as landlords rush to beat tax increases

8th November 2024

One week after the Budget, landlords and second homeowners are selling up, bracing for higher taxes and council tax premiums. According to Zoopla, a third of homes for sale on the property website are currently chain-free. A chain-free home is one where the sale is not dependent on the buyer or seller needing to complete […]

Close-up detail of engraved eye from British currency representing financial focus and interest rate changes

Bank of England reduce Bank Base Rate by 0.25% despite inflationary Budget

7th November 2024

The Bank of England’s Monetary Policy Committee (MPC) Hawks won out today voting by 8 – 1 to reduce the Bank Base rate by 0.25% from 5% to 4.75%. This was despite a recent Labour Budget widely perceived as inflationary as the Bank of England projects the measures announced by Chancellor Rachel Reeves to add […]

Woman smiling in professional portrait for property market news article

UK house prices hit new record high

7th November 2024

The average UK house price edged up 0.2% in October despite the economic uncertainty, marking the fourth consecutive monthly increase, Halifax reveals. It means a typical property price has reached a new record high of £293,999. The previous peak of £293,507 was set in June 2022. While year-on-year prices rose 3.9%, this represents a slight […]

Business professional smiling in formal attire during interview about landlord portfolio diversification

Shawbrook expands commercial loan offerings for landlords

7th November 2024

Shawbrook Bank has unveiled a series of enhancements to its commercial investment products, designed to bolster support for property investors aiming to diversify and grow their portfolios with commercial assets. These changes underscore the lender’s aim to deliver tailored financial solutions across various property types, featuring increased maximum loan-to-value (LTV) ratios for key asset classes. […]

Traveller with suitcase overlooking Tower Bridge and London skyline at sunset

Record numbers of Londoners leaving capital as housing costs soar

7th November 2024

Londoners are increasingly choosing to leave the capital amid post-election uncertainty and high house prices. Data from Compare My Move shows fewer Londoners staying local, with 37% of residents now choosing to live outside of London, up from 29% less than two years ago. This shift coincides with a dramatic rise in London landlords selling […]

Landlord stressed over paperwork and new rental legislation at his desk

New platform helps landlords navigate the Renters’ Rights Bill

7th November 2024

Letting technology platform Goodlord is helping letting agents and landlords prepare for the upcoming Renters’ Rights Bill with a series of new product offerings and partnerships. This move comes amid concerns from landlords, with nearly half (47%) having sold properties in the past year or planning to do so due to incoming legislation. Goodlord’s Aspen […]

Tenant inspecting severe damp and mould on a wall, urging residents to report housing issues.

Councils and letting agents join forces to tackle damp and mould in the PRS

7th November 2024

Letting agents and councils are teaming up to tackle damp and mould in the private rented sector with a new campaign. East Riding of Yorkshire Council, alongside Hull City Council, has launched the Healthy Homes campaign to raise awareness of the risks of untreated damp and mould. Backed by the Ministry of Housing, Communities and […]

“Value” text representing property investment and renovation worth

Estimating Post-Renovation Value of Property

6th November 2024

When planning a renovation to boost a property’s value, it’s crucial to understand how to estimate its end value while considering the time, effort, and cost involved. The numbers need to work in your favour for the project to be worthwhile. Step 1: Research Comparable Properties Start by researching comparables—properties similar to your planned finish, […]

Magnifying glass focusing on a blue house among white houses, symbolising housing inspections and licensing reform

Professional body pushes for licensing schemes to be doubled to improve housing conditions

6th November 2024

Selective licensing schemes should DOUBLE from five to ten years, says professional body. The Chartered Institute of Environmental Health (CIEH) supports an amendment by Carla Denyer, co-leader of the Green Party, in the Renters’ Rights Bill to double the duration of licensing schemes, which she claims “will help local authorities improve housing conditions”. This is […]

Green house among red houses symbolizing social housing complaints spike reported by Housing Ombudsman.

Housing Ombudsman reports spike in social housing complaints

6th November 2024

The Housing Ombudsman has slammed social housing providers for failing to meet legal requirements and safety hazards. In a new report, the Ombudsman reveals a 329% increase in the number of interventions it has had to make to resolve issues for social housing residents. Failings include social housing providers not addressing damp and mould issues, […]