Page 160 – Property118
Row of colorful houses with a “To Let” sign highlighting rental property demand

Rents to rise by 3% as tenant demand exceeds pre-pandemic levels

20th December 2024

The UK’s private rented sector remains competitive, with demand for rental properties outpacing supply, Rightmove says. Its research reveals that the average number of enquiries per available property is nearly double pre-pandemic levels. That’s despite a 7% rise in available properties and a 19% drop in prospective tenants compared to last year. Each available property […]

Woman on seesaw with briefcase marked 2.6% balancing against 4.75% rate block, Bank of England logo at center

Reeves inflationary budget puts mockers on Bank Base Rate reduction

19th December 2024

With inflation now running above the 2% target rate at 2.6%, the Bank of England Monetary Policy Committee (MPC), voted by a surprisingly large split of 6 – 3 to hold the Base Rate at 4.75%. This is counter to the Federal Reserve yesterday announcing a third reduction this year of 0.25% with a range […]

Businessman highlighting ways to avoid 5% SDLT increase in 2025

How to Avoid SDLT Hikes In 2025

19th December 2024

Avoid £10,000+ in stamp duty hikes on investment properties in 2025! Discover three expert strategies to navigate the upcoming changes in UK property taxes. Learn how to leverage commercial and mixed-use properties, identify uninhabitable properties, and explore property trader relief to minimise your stamp duty costs. This video breaks down:  The new 5% additional stamp […]

Cardboard house model with blurred homeless person in background, highlighting housing crisis in Edinburgh

Shelter Scotland slams council for stripping homeless households of ‘human rights’

19th December 2024

In an unprecedented move, Shelter Scotland has urged Scottish Ministers and the Scottish Housing Regulator to intervene and remove the leadership of Edinburgh City Council, accusing them of “stripping homeless households of their basic rights.” The row centres on a council meeting in December, where Shelter Scotland claims councillors voted six to five in favour […]

Families in a shelter eating food while facing homelessness funding cuts.

Homeless sector faces £60m hit from Budget’s national insurance changes

19th December 2024

Homeless charities are warning of the “final nail in the coffin” due to the Chancellor’s national insurance hike in the Budget. Homeless Link, along with more than 100 other charities, has written to Chancellor Rachel Reeves, warning that changes to National Insurance could cost homelessness services between £50m and £60m per year. In the Budget, […]

Shopping cart filled with model houses symbolising growing property portfolios.

Portfolio landlords are eyeing expansion not exit – Claim UTB

19th December 2024

Portfolio landlords are increasingly looking to expand their properties rather than sell, according to research from United Trust Bank Mortgages. The findings of more than 130 BTL mortgage brokers, found that 58% of respondents had more landlord clients seeking to grow their holdings than those looking to offload properties. This suggests a level of resilience […]

Business meeting discussing Renters’ Rights Bill and landlord compliance support

Letting agents will help landlords stay on top of new regulations in 2025

19th December 2024

Letting agents will offer more services to landlords in the New Year as the Renters’ Rights Bill looks set to become law, says Goodlord. The lettings technology platform explains that agents will play a key role in helping landlords stay on top of new rules and regulations in 2025. Goodlord adds that many landlords are […]

Rising stacks of coins topped with houses showing UK rent increase of 9.1% according to ONS.

Rents surge by 9.1% despite slowdown – ONS

19th December 2024

Private rents in the UK have risen by 9.1% in the 12 months to November – that’s up from 8.7% in October but lower than March’s record figure of 9.2%. According to the latest figures from the Office for National Statistics (ONS), rent rises were seen across all regions of the UK, with England seeing […]

Council officer inspecting empty property with 'To Let' sign

Labour cracks down on landlords forcing them to rent out empty properties

18th December 2024

Landlords could be forced to rent out empty properties under new powers announced by the Labour government. The English Devolution White Paper reveals councils will be given powers to take over vacant rental properties. The plans lack detail about the specific new powers but are expected to resemble Labour’s recently introduced High Street Rental Auctions […]

New homes under construction in Northern Ireland housing development

Propertymark says NI housing supply strategy lacks ‘ambition’

18th December 2024

Propertymark has welcomed the Department for Communities’ housing supply strategy for Northern Ireland but has criticised its lack of ambition. The strategy for 2024-2039 was approved by the Northern Ireland Executive on 5 December and outlines a 15-year framework to boost new home construction. The strategy aims to deliver 100,000 new homes by 2039, focusing […]

London council cracks down on unsafe HMOs

18th December 2024

A London council has launched a rigorous inspection programme to crack down on unlawful and unsafe Houses of Multiple Occupation (HMOs). It says the initiative aims to protect tenants and ensure landlords comply with its selective licensing regulations. Since August, more than 130 HMOs have been inspected, with plans to inspect at least 100 larger […]

Two worried tenants cling to pillows as another angrily shouts, symbolizing conflict in shared student housing.

How should a landlord handle a troubling student tenant?

18th December 2024

Hi, we have a 3 bedroom student HMO where one of the students has been continually aggressive towards her fellow tenants. She has cut all communication with myself and I am now only able to contact her via her parents, who are aware that she has mental health issues even to the point where she […]

For sale sign outside a house as landlords exit rental market amid tax concerns

Landlords sell unprofitable properties amid tax fears

18th December 2024

Landlords across the UK are continuing to sell off their least profitable properties, boosting the sales market but reducing the supply of rental homes. According to Home.co.uk’s asking price index, landlords are increasingly worried about the prospect of increased taxation and restrictive legislation. Regionally, the North continues to offer better yields compared to London and […]

Model house on stacked gold coins symbolizing rising property prices and rents in 2025.

Rents and house prices will rise in 2025 – Jackson-Stops

18th December 2024

The estate agency Jackson-Stops is predicting a 2-3% rise in rents across its network in the next 12 months. However, its 2025 property market prediction warns that inflationary pressures and affordability constraints will limit further increases. Also, the potential exit of smaller landlords due to the Renters’ Rights Bill could boost sales supply for first-time […]

Hand stamping approval on landlord licensing documents with NRLA logo

Easier landlord licensing schemes ‘Makes no sense’

17th December 2024

Local authorities in England and Northern Ireland are to get powers to implement selective licensing schemes without seeking approval from the Secretary of State. The new rules take effect from 23 December with councils still needing to consult with the public for at least 10 weeks before implementing a scheme. Local mayors will play a […]

Fewer PRS homes in 2025 as BTL lending set to fall

17th December 2024

A predicted decline in BTL lending to private sector landlords may reduce the number of homes to rent in 2025, UK Finance says. The trade association for mortgage lenders has published an outlook for the buy to let market in 2025 which it describes as ‘challenging’. The main reason given is because of the extra […]

Castle Point Borough Council has been slammed by the Regulator of Social Housing

Council slammed over tenant safety risks

17th December 2024

A council has been slammed by the Regulator of Social Housing (RSH) for “serious failings”. Castle Point Borough Council in Essex has issued an apology to tenants after receiving a C4 grading, making it just the second social housing landlord to be given a non-compliant ‘C4’ rating. This marks a downgrade from the C3 rating […]

Homebuyers rush to beat stamp duty deadline over Christmas

Homebuying rush might lead to price deflation

17th December 2024

The majority of homebuyers plan to continue their property search over the Christmas period to meet the upcoming Stamp Duty Land Tax (SDLT) relief deadline, research reveals. According to Lomond which carried out a survey of current homebuyers, 93% are aiming to complete their property purchase by March 31 2025. That’s when the current SDLT […]

Expat refugee commercial lease remortgage?

17th December 2024

I live in Australia and have a residential BTL changed from a HMO about 5 years ago. The new tenant is a commercial lease with a company that houses refugees. The property is kept immaculately and I have visited it myself to see this in Dec 2023. The mortgage term expires in 2025 and it […]

UK house prices to grow 2-4% in 2025 - Nationwide

UK house prices to grow 2-4% in 2025 – Nationwide

17th December 2024

The UK’s housing market has exhibited surprising resilience in 2024, despite affordability challenges, mortgage market activity as house prices demonstrated positive momentum. That’s according to Nationwide’s chief economist, Robert Gardner, who also highlights the deposit hurdle facing first-time buyers. He also points to the high rent costs, and the strain of higher mortgage rates is […]

Renters Rights Bill 2025 with house, gavel, and legal papers symbolizing new tenant protections

Renters’ Rights Bill will reshape the rental market next year

17th December 2024

2025 looks set to be a seismic year for the private rented sector, with the Renters’ Rights Bill expected to become law by summer, one firm says. Other policy changes include more clarity on energy-efficiency targets. While Ed Miliband has announced that all private rented sector properties must meet EPC C targets by 2030, the […]