Page 149 – Property118
Rent price increases easing

JLL forecasts a 17% rent rise over the next five years

6th November 2024

Despite a rapid rise in rents over the past three years, real estate firm JLL is forecasting that rents will increase by 17% over the next five years. Its latest ‘Residential Forecast 2025-2029’ shows that while UK rents surged by 27% in the five years to September 2024, the current supply-demand imbalance is gradually easing. […]

House prices to rise by 23% over the next five years – Savills

6th November 2024

House prices in the UK are forecast to increase by £84,000 over the next five years, according to a new report from property firm Savills. With inflation returning to target and interest rates expected to decline, the housing market is poised for consistent year-on-year growth. Savills is predicting a 4% increase in house prices in […]

Smiling professional representing Paragon Bank discussing rising landlord profitability

Landlord profitability surges to a two-year high

6th November 2024

Landlord profitability has reached its highest point since the first quarter of 2022, according to research by Paragon Bank. A survey of more than 700 landlords, revealed that nearly nine in 10 (87%) reported making a profit in the third quarter of 2024, a significant rise from the same period in 2023. The data suggests […]

Raised hands in a discussion symbolizing participation and questioning leadership purpose.

Council seeks public input on landlord licensing

6th November 2024

Carmarthenshire County Council is inviting feedback on proposed regulations for Houses in Multiple Occupation (HMOs) within the Tyisha and Glanymor districts of Llanelli. Residents, landlords, tenants, and those with ties to the two wards are now being encouraged to share their opinions on a potential additional licensing scheme for HMOs. The consultation wants views on […]

Kevin Hollinrake appointed Shadow Housing Secretary in the new Conservative cabinet.

Kevin Hollinrake appointed Shadow Housing Secretary in Conservative cabinet

6th November 2024

Former estate agent Kevin Hollinrake has been appointed as the new Shadow Housing Secretary. Kemi Badenoch, the newly elected leader of the Conservative Party, has been assembling her Shadow cabinet. Mr Hollinrake previously served as the Shadow Secretary of State for Business and Trade. Tough time to start Mr Hollinrake, the MP for Thirsk and […]

Landlord standing at a crossroads deciding between keeping or selling a rental property

Should I sell my flat despite my loyal tenant?

6th November 2024

Hi, I have an ex-local authority one bed flat in Norwich which I have owned for 9 years. I bought it with the tenant in situ and she has been a model tenant, always paying the rent on time. I have increased the rent only once in this time by £20, the monthly rent is […]

Fleet Mortgages executive discusses new rate cuts and market trends.

Fleet unveils new five-year fixed rate BTL mortgages

5th November 2024

Fleet Mortgages has launched a new range of five-year fixed-rate products for landlords across the UK. The buy to let mortgage lender’s fixed-rate mortgages are available for standard buy to let properties, limited company purchases and HMO/Multi-Unit Blocks (MUBs). Available up to 75% LTV, standard and limited company mortgages start at 5.29%, while HMO/MUB options […]

Smiling young man representing launch of student referencing tool for landlords

New student referencing tool for landlords launched

5th November 2024

A new referencing tool specifically designed for student landlords aims to simplify the tenancy process for both agents and students. Vouch’s student reference package includes essential checks like ID verification, eliminating unnecessary procedures like credit checks and salary verification that are typically required for salaried tenants. The company says this reduction in checks not only […]

Landlord reviewing a property management contract before signing termination terms.

Tenant find service charges by managing agents?

5th November 2024

Hello, I signed a contract with a 12% fee three years ago with a managing agent to handle my HMO in London. I am now looking to switch to another agency as I am unhappy with their service. When the agency took over, the property was fully let, so they started collecting their management fees […]

Property expert discussing landlord sentiment after stamp duty increase

Most landlords not deterred from investing after SDLT rise

5th November 2024

While the looming threat of a capital gains tax (CGT) hike had landlords worried in the lead-up to last week’s Autumn Budget, the increase in stamp duty on second homes seems to be a lesser concern. A survey from estate and letting agents Benham and Reeves found that nearly one-fifth (19%) of landlords had paused […]

Tenant activist group calls for a ‘stronger’ Renters’ Rights Bill

5th November 2024

Acorn, the tenant activist organisation, is urging renters to contact their MP calling for a stronger Renters’ Rights Bill. Its new campaign declares: ‘The Renters’ Rights Bill in its current form is a great start, but if it’s going to deliver the change we really need, it must be made stronger! Email your MP to […]

Chancellor delivering a speech on Britain’s economic future

Chancellor Rachel Reeves earns £74,000 in rent as a landlord

5th November 2024

Rachel Reeves, the Chancellor of the Exchequer, and her husband are earning £74,000 annually from rental income, The Telegraph reveals. The revelation comes shortly after Ms Reeves introduced a Budget that significantly impacts landlords and second home buyers with increased stamp duty costs. The newspaper reveals that the Chancellor is believed to receive more than […]

High-rise building with chains and the word “Scandal” symbolizing the cladding safety crisis.

Government must publish a target date for cladding remediation – NAO

5th November 2024

The government’s progress in remediating dangerous cladding to make buildings safe is too slow, the National Audit Office (NAO) warns. It says that despite significant changes to remediation programmes, up to 60% of buildings with dangerous cladding have yet to be identified. The NAO’s report highlights the lack of a clear target date for completing […]

Contrast between traditional terraced houses and a large modern social housing block in an English city

Private providers lead social housing growth but challenges remain

5th November 2024

Despite an increase in affordable housing, only 700 social homes were built in England last year, according to the Regulator of Social Housing (RSH). According to the RSH, private registered providers added about 5,200 social rent homes in England. However, this gain was offset by a loss of around 4,500 social rent homes for local […]

Colourful fishing boats moored in a Cornish harbour surrounded by stone cottages and green hills.

Holiday let to private rental?

5th November 2024

Hello, I bought a new build property in Cornwall 2 years ago and its now a successful Airbnb. However, I’m thinking of using it as a Buy To Let instead. This is largely because I want to move house myself but my trusted mortgage advisor tells me that, although the outgoings on the holiday let […]

Man reviewing tenant issue at desk with documents and laptop

Tenant always pays on time. Should I issue a warning?

4th November 2024

Hello, I have a tenant who always pays on time and respects the property. One of his neighbours has been known to be a little standoffish on occasion, but my tenant has now twice responded to the neighbour by shouting back when she argues with him. Last time he told her that if she doesn’t […]

House caught in a financial noose symbolising landlords’ tax and regulatory pressures in the UK rental market

Is the Government Destroying the UK’s Rental Market?

4th November 2024

Landlords across the UK are facing mounting challenges, from skyrocketing taxes to endless regulations, making it harder and harder to stay in the rental market. It feels as if the government has declared a war on landlords, and it’s not just landlords who are feeling the heat—tenants are being dragged into this crisis too. So, […]

Smiling professional in light blue shirt representing property and insurance industry.

Nearly half of renters struggle with mould – survey

4th November 2024

The wet UK weather is exacerbating a growing problem – mould and damp in rental properties and a survey has found that 43% of renters have battled these issues. The findings from Quotezone.co.uk also show that more than 65% of renters have encountered hazards in their homes – with 20% reporting unresolved complaints to their […]