Page 159 – Property118
Business leader highlighting landlord survey on broker expertise in tax and regulation

BTL landlords remain optimistic despite challenges

16th October 2024

The majority of buy to let landlords remain optimistic about the future performance of their property investments, despite recent challenges, a survey reveals. The research from Butterfield Mortgages shows that 60% of UK landlords are optimistic about both capital growth and rental returns. More than half (57%) of the 501 respondents said that the interest […]

Multiple “To Let” signs outside a property, illustrating the competitive UK rental market

Rents reach new highs as landlords prepare for Budget impact

16th October 2024

The UK’s private rented sector continues to face upward pressure, with average advertised rents outside London reaching a new quarterly record of £1,344, Rightmove reveals. The property platform’s rent index shows this a 5.2% increase from last year, although it is the slowest rate of growth since 2021. In London, rents have also hit a […]

Wooden house models with red prohibition symbol representing rent control concerns in Scotland

Scottish Property Federation warns rent controls could harm housing supply

16th October 2024

A leading industry body warns Scotland faces “a lack of supply” if rent controls are not implemented properly. Speaking at the Scottish Property Federation dinner, chair of the organisation, Stuart Oag, says the upcoming Scottish Housing Bill could hamper investment in the private rented sector. The Bill contains a package of policy reforms including introducing […]

Judge’s gavel and legal scales symbolising landlord possession court actions.

Landlord discrimination – the last straw?

16th October 2024

As we watch the supply of rental property dwindle and rents head North, I thought I’d add my latest experience of open discrimination against landlords by my local council. So the situation is the tenant has done a runner, they are in serious rental debt and have faced legal action both section 21 and Section […]

Landlord stressed over property costs and EPC ratings while money flows from laptop.

Should landlords get an EPC now or wait for new regulations?

15th October 2024

Hello all, like everyone I dreaded telling my tenants that their “forever home” might not be forever due to the antics of Ed Miliband and co. I even had a comment to that effect read out by Nigel Farage on GB News last week. Bravely I decided to get my EPC’s redone sooner rather than […]

Angela Rayner with housing models and coins illustrating debate over rent caps and affordability crisis

Tenant groups demand rent caps as Labour faces pressure to tackle affordability crisis

15th October 2024

Tenant activist groups and trade unions are demanding the Labour government “devolve power to Metro Mayors and regional authorities to introduce rent caps”. In a letter to Angela Rayner, groups including Generation Rent and the London Renters Union claim “landlords and letting agents have used the cost-of-living crisis to push up rents”. The group says […]

Landlord overwhelmed by paperwork and financial documents while managing rental property changes.

UK landlords worry about their future under Labour

15th October 2024

The future of the private rented sector (PRS) is a major worry for 75% of landlords, research reveals. The findings from the Simply Business’s Landlord Report highlight that the year so far has been challenging for landlords. They’ve seen increasing costs, evolving legislation and a new Labour government. However, it is Labour’s victory in the […]

Stressed renter sitting with hands over face, reflecting anxiety over housing insecurity

Generation Rent claims renting harms a tenant’s mental health

15th October 2024

Renting privately in England is apparently so traumatic that it’s having a devastating impact on tenants’ mental health, Generation Rent reports. The tenant campaign group has carried out a survey and found that almost nine in 10 renters report that their mental health has been negatively affected by their housing situation. Nearly two in five […]

3D figure sitting on a red question mark, representing uncertainty or doubt.

Is NHS family relocations offer a suspiciously good deal?

15th October 2024

I am currently advertising my property for rent in London and was recently contacted by HPL Estates. They claim to have been in operation for 55 years, with their main office in Maidenhead and four branches around London. During a phone conversation, a representative emphasised their contractual agreement with the NHS to support family relocations. […]

Green sticky note highlighting Stamp Duty Land Tax reforms linked to EPC upgrade costs for landlords.

Chancellor urged to consider stamp duty reforms amid EPC costs for landlords

15th October 2024

Lenders and mortgage brokers are urging the Chancellor to “carefully consider” landlords in light of upcoming EPC regulations. In a letter to Chancellor Rachel Reeves, the Mortgage Advice Bureau along with other lenders Leeds Building Society propose a Stamp Duty refund for homebuyers who retrofit their property to achieve an EPC rating of C or higher. Ed […]

Mature woman reviewing property bills with calculator at home office

New service launched to simplify landlords’ void management

15th October 2024

A new service designed to streamline the handling of bills during void periods for landlords and agents and tenants has been unveiled. The Void Management service from the rent tech platform Vouch automates the process of switching bills to the correct name. Once a tenant moves out of a property, the service will alert utilities […]

Modern electric radiator mounted on wall beside sofa

How do I replace storage heaters to retain EPC C rating?

15th October 2024

Hi, I have a 2-bed flat with 20-year-old storage heaters still in working order. The electrician who reset one recently commented that I should be looking at replacing these shortly and recommended “eco electric rads” and replace the Economy 7 meter (with the cheaper night tariff), with a standard meter. This would require major disruption […]

Person completing property inspection paperwork for HMO licensing compliance

Navigating a dispute with council over HMO Licensing?

15th October 2024

Hi, recently, I found myself in a frustrating situation with Brent Council regarding the licensing of a property I rent out. After applying for and paying for a Selective Licence for my property, which is rented to a family, the council conducted an inspection. During the inspection, they spoke with one of the residents who, […]

39% capital gains tax concept with calculator, upward arrow, and businesswoman on blue background

Chancellor Rachel Reeves eyes capital gains tax hike to 39%

14th October 2024

Chancellor Rachel Reeves could hike capital gains tax to a whopping 39%, according to The Guardian. The newspaper reports the Treasury is testing a range of 33%-39% for capital gains tax to fill in the so-called £22 billion black hole in Britain’s finances. Propertymark warns raising capital gains tax could jeopardise growth in the housing […]

Tenant in prison behind bars with rent arrears note highlighting unpaid rent issue

Tenant In Prison – How I Helped To Solve The Rent Arrears Problem

14th October 2024

A professional landlord with a large portfolio faced a challenging situation when their tenant stopped paying rent and failed to communicate. Upon visiting the property, the landlord was met by an unfamiliar young woman, later identified as the tenant’s partner. She explained that her boyfriend, the named tenant on the tenancy agreement, had been sent […]

Propertymark policy head highlights concerns over the Renters’ Rights Bill’s impact on landlords and tenants

Renters’ Rights Bill could worsen housing crisis – Propertymark

14th October 2024

The unintended consequences of the Renters’ Rights Bill for the private rented sector (PRS) could make the housing crisis worse, Propertymark warns. It says that while the Bill is designed to protect tenants, landlords who cannot gain possession will leave the PRS – pushing up rents. Over the past decade, the PRS has faced legislative […]

Wooden house model with EPC rating chart and red arrow beside stacked coins and calculator

EPC improvements – True or False?

14th October 2024

1. I propose to replace a gas boiler, in a rented property I own, by an Air Source Heat Pump (ASHP) in order to improve the EPC rating from D to C. My provider tells me that installing an ASHP may in fact worsen the EPC rating, rather than improving it. Is that likely? 2. […]

Smiling professional in glasses representing expert commentary on London landlord licensing fines

London landlords see licensing fines reach £900,000 THIS YEAR

14th October 2024

Licensing enforcement in London has reached a new level of intensity, one firm reports, as fines for non-compliance with licensing schemes head towards £900,000 this year. This surge, according to PropTech firm Kamma, comes as councils adopt more sophisticated strategies to crack down on landlords. London’s landlords have forked out £10 million in licensing fines […]

Aerial view of Milton Keynes housing estates surrounded by greenery at sunset

Council offers to ‘top-up’ rent to bring homeless numbers down

14th October 2024

A council is trying to address its housing crisis by offering cash incentives to landlords to make private renting more affordable for families currently living in temporary accommodation. The city council has been struggling to meet the increasing demand for council housing, with more than 1,000 households currently relying on temporary accommodation. Many of these […]

Stack of housing regulation documents and reports with NRLA logo

NRLA calls for urgent action on housing regulations after years of delay

14th October 2024

The NRLA is urging the government to introduce the UK’s housing, health and safety rating system (HHSRS) after years of delay. RHE Global was commissioned by the previous government to review the UK’s Housing, Health and Safety Rating System (HHSRS) and finished the two-year review in 2022. This came after the Conservative government released a […]