Page 166 – Property118
Neil Cobbold discusses impact of Renters’ Rights Bill on letting agents

Renters’ Rights Bill will cost letting agents £400m

29th November 2024

Letting agents in the UK are facing a huge financial blow, with government figures revealing potential losses of nearly £400 million over the next decade due to the Renters’ Rights Bill. The Impact Assessment, published by the Ministry of Housing, Communities and Local Government, estimates that the Bill will lead to a 41% increase in […]

Rising UK house prices linked to stamp duty increase in 2025, Zoopla data shows

House prices to rise ahead of stamp duty hike

29th November 2024

House prices are set to rise next year as buyers rush to beat stamp duty changes. According to Zoopla’s House Price Index, house prices will rise by 2.5% in 2025, and by 7.5% over the next three years. Currently, about half of owner-movers pay stamp duty, but according to Zoopla, this will increase to 83% […]

Money bag labeled "Advance Rent" above a house model symbolizing upfront rental payments

Renters’ Rights Bill could prohibit advance rent payments

29th November 2024

The Labour government is considering banning landlords from accepting advance rent payments from tenants. During a question to Housing Minister Matthew Pennycook, Dr Simon Opher, Labour MP for Stroud, asked whether the Renters’ Rights Bill would prohibit landlords from accepting one month’s rent in advance. Many landlords and letting agents request tenants to pay the […]

Hands typing on laptop with digital landlord database concept graphics

NRLA warns landlord database will fail tenants

29th November 2024

The NRLA has criticised the government’s plan for a landlord database as “bureaucratic”. Under the Renters’ Rights Bill, a private rented sector database is set to be established, which the government claims will “give assurances to tenants”. However, the NRLA has slammed the government for the lack of information on what will be included in […]

Child overlooking Blackpool beach with tower and pier in view

Blackpool approves selective licensing scheme

28th November 2024

Blackpool Council has approved a new selective licensing scheme which will come into effect on 1 April 2025. It says the scheme will address poor management practices by some private landlords and ensure higher standards for tenants. The designated area covers 11,000 privately rented properties in eight wards. All landlords within this area must obtain […]

Housing law expert Phil Turtle discussing landlord enforcement and civil penalties

Housing enforcement experts slam ‘misleading’ prosecutions report

28th November 2024

A leading firm of landlord and housing law experts has slammed a recent report suggesting councils in England and Wales are failing to adequately address landlord misconduct as ‘misleading and inaccurate’. The report, published by Public Interest Lawyers, claimed nearly half a million complaints were made about landlord misconduct in five years, yet councils took […]

Business professional in suit representing Aldermore mortgage update

Aldermore eases its buy to let remortgage criteria

28th November 2024

Aldermore has announced a relaxation of its buy to let remortgage criteria for properties purchased within the last six months. The move is designed to provide landlords with greater flexibility and potentially unlock funds for further property investments. Previously, the maximum loan for an early remortgage was based on the recent purchase price, plus any […]

Swirling smoke against a dark background, symbolizing fire safety concerns in housing.

Wired Smoke Alarm on standard 2 bed 1900s terraced property?

28th November 2024

The Local Authority is insisting I have a wired smoke alarm fitted (England) and a new EICR once completed (just got a new one !). It currently has interlinked wireless alarms and threatening enforcement notice My question is – I believe this is not the Law as Gov.UK legislation states The regulations do not stipulate […]

Gemma Young, CEO of Moverly, commenting on Land Registry fee increases

Land Registry fee hike to net £27m more annually

28th November 2024

HM Land Registry is set to pocket an extra £27 million a year following a fee hike that will come into effect on December 9, one organisation has calculated. The increase will affect a range of services, including a £4 rise for electronically inspecting an individual register or plan. Moverly, a provider of property information, […]

Handing over keys symbolising Airbnb sub-letting scheme for rental properties.

Landlords warned over risks of new Airbnb sub-letting scheme

28th November 2024

An estate agent is warning landlords of a new Airbnb scheme that allows tenants to sub-let their rental properties. Knight Frank says the scheme could be open to abuse by tenants, allowing them to list properties without the landlord’s permission. Airbnb says the scheme is meant to make it easier for tenants to host on […]

Property & Homemover Report Q3 2024 cover highlighting UK rental market trends

UK tenants face affordability crisis as rents soar

28th November 2024

Monthly rents across the UK have surged to unaffordable levels in every region except the North East, research reveals. Analytics firm TwentyCi has published its latest Property and Homemover Report which compares average full-time employee incomes from the ONS, with median rents. The Office for National Statistics defines affordable rent as 30% or less of […]

Document on Renters’ Rights Bill impact assessment labeled unreliable with UK Parliament in background

Lawyer criticises Renters’ Rights Bill impact assessment for underestimating costs

27th November 2024

A lawyer has slammed the Renters’ Rights Bill impact assessment, calling it “unreliable.” David Smith, head of dispute resolution at JMW Solicitors, says the government’s assessment doesn’t “paint a true picture” of the financial impact on landlords. The Renters’ Rights Bill is expected to cost £33 million a year, but the government insists it will […]

Model house with energy rating chart beside stacked coins, representing local grant for home energy efficiency.

Propertymark calls for more landlord support in Warm Homes Plan

27th November 2024

Propertymark has welcomed the government’s Warm Homes Plan, which aims to help homeowners save money on energy bills and improve home energy efficiency. The plan includes grants for heat pumps, support for renters and low-income households, and a relaxation of planning permission rules for heat pumps in England. However, Propertymark says it is concerned that […]

Row of Victorian terraced houses in London symbolising strong buy-to-let investment potential

Terraced houses offer the best London BTL investment

27th November 2024

London’s terraced houses are the most lucrative property type for buy to let investors, research reveals. With average property prices of £579,743 and rent of £2,594, terraced houses in the capital offer BTL investors yields of 5.37% – that’s higher than the average of 4.81%. The second most lucrative BTL property type are flats which […]

Property expert outdoors discussing rising UK rent prices

Rents rise by 8.7% – but one area sees a 30% increase

27th November 2024

Rents across Britain have surged over the past year by 8.7%, with some areas experiencing staggering increases – including one area that saw a jaw-dropping 30.1% rent hike. The research from Zero Deposit, the tenancy deposit alternative, reveals that London saw the most significant jump at 10.4%. Yorkshire and the Humber recorded the smallest increase […]

Pink storage box labeled "Personal Belongings" used for organizing tenant items after eviction.

Joint tenancy – can either evicted tenant collect all items?

27th November 2024

My evicted tenants were on a joint tenancy. Apparently, one tenant had moved out and the remaining tenant had to be evicted, leaving a house full of items and some unpacked. Recently, he had asked to collect, in particular, his child’s item (as he has received a Court order) Now the other tenant (the mother […]

Smiling professional woman representing leadership in social housing regulation

Most social housing tenants are happy – but there’s room for improvement

27th November 2024

The first survey of social housing tenants has found that while many of them are happy with their homes, there’s still room for improvement. It found that just one in three tenants are happy with how complaints are handled, and one in five say they aren’t happy with their landlord’s service. For shared owners, just […]

UK Parliament with Union Jack flag promoting £33 million Renters’ Rights Bill impact

Landlords and agents set to bear brunt of £33M cost of Renters’ Rights Bill

26th November 2024

The impact of the Renters’ Rights Bill is expected to cost £33 million a year, but the government insists it will not trigger a mass exodus of landlords. According to the government’s impact assessment, the estimated cost for landlords is £12 per rented property annually, while agents are expected to face an average cost of […]

Dairy cows feeding in a barn, symbolizing farmers’ work and property management

Treat Landlords more like Farmers?

26th November 2024

With all the recent fuss about farmers and the changes in inheritance tax rules for them, something struck me and I wonder what thoughts other members have. I raise this partly in jest as IN NO WAY would these thoughts be entertained owing to the low opinion had of landlords. So, what other business has […]