Page 168 – Property118
Handshake between contractor and landlord symbolising partnership for UK grant-funded property improvements

How to Find Contractors for Landlord Grants in the UK

19th September 2024

Navigating the process of applying for government grants for property improvements as a landlord can be challenging. One of the biggest obstacles is finding contractors who not only perform the necessary work but also have the expertise to guide you through the grant application process. With various grants now available, particularly for energy efficiency and […]

Graphic illustrating declining buy-to-let income with HMRC branding and concerned property investors

£2 Billion Tax Drop: What Landlords Are REALLY Doing

19th September 2024

Discover the real impact of a £2 Billion Tax Drop on landlords and what it means for you as a savvy property investor! In this engaging episode, Ranjan Bhattacharya and Andrew Roberts deep dive into the latest property news, revealing key shifts in the property market that are shaping the future of investments. Key insights […]

RICS logo representing the organisation behind the latest UK housing market survey

UK housing market picks up, but rents continue to soar

19th September 2024

The UK’s housing market is showing signs of recovery, according to the latest RICS residential survey for August – but renters are seeing costs rise. The organisation says that a decline in mortgage interest rates has boosted buyer demand and sales activity, with industry professionals expecting further growth in the coming months. The survey found […]

Wooden tiles spelling “legal advice” on a white textured surface, illustrating guidance on landlord–management company disputes.

Should the management company follow pre-action protocol?

19th September 2024

Hi everyone, I provided a properly worded legal letter to my management company agent, authorising them to contact my lender for payment. The agent chose to hold onto this letter and is now threatening to pass the case to their solicitors for recovery after six months. Shouldn’t they follow the Pre-Action Protocol before taking legal […]

Woman sitting at a table on a phone call, looking concerned about a housing issue

How to deal with an unresponsive tenant?

19th September 2024

Hi all, please can you offer some suggestions. My tenant does not respond to emails or telephone calls very often and when he does it’s always difficult to arrange a convenient day/time, even for external work. There are numerous issues at the property including holes in the wall, dog without permission and other property changes. […]

Racing cars illustrating rent prices accelerating faster than wage growth

Generation Rent blames landlords for soaring rent prices outpacing wages

19th September 2024

Generation Rent claims “landlords are snatching away more of renters wages” as rent prices continue to outpace wages. According to the Office of National Statistics (ONS) Rental Price Index, private rents rose by 8.4% in the year to August 2024, outpacing the 5.1% increase in wage growth. Over the same period, rents in England increased […]

Key resting on tenancy agreement paperwork relating to a rental arrangement for multiple occupants

What sort of tenancy agreement for this odd situation?

19th September 2024

We have potential tenants for our 3 bedroom house in Croydon. It’s the director of a company and two of his staff who want a 12 month agreement where they will use the house as their base for their upcoming work in South London. One of the three will live there permanently but the other […]

Smiling man standing in a bright hallway related to rising rental market demand

Rents skyrocket outside London as demand shifts to affordable regions

19th September 2024

Rents outside of London are skyrocketing as demand soars in regions that have traditionally been more affordable, says  agency. The latest HomeLet rental index reveals while Greater London remains the most expensive region, with an average rent of £2,148 in August 2024, its annual growth has slowed to just 0.1%. However, regions like the East […]

Piggy bank and coins highlighting rising tenant deposit pressures

Tenants tied up in rising deposit costs

19th September 2024

Tenants moving between rental properties could have thousands of pounds tied up in deposits, according to new research. A study by deposit alternative supplier Reposit reveals that the average cash deposit has risen to £1,345 in August 2024, up from £1,307 in August 2023. When moving, tenants often need to pay a deposit for their […]

St Albans skyline with property market graphics highlighting rising rental costs

Rental price divide laid bare as costs surge

19th September 2024

As university students prepare to start the next academic year, some students will have to spend a record amount on rent. According to Rightmove, St Albans has been named Great Britain’s most expensive city to rent outside London, with costs 71% above the UK average, at £2,307 per calendar month (pcm). The national average rent […]

Cleaning team performing housekeeping tasks in a furnished home during tenant changeover

Agent charged me for for repairs without my approval?

19th September 2024

Hi, my letting agent has instructed and charged me for cleaning and repairs without prior agreement and my authorisation, when finding a new tenant. They just sent me the statement with a deduction of the costs. I’m not even sure all the work was actually carried out. I asked them to get my authorisation prior […]

Handshake over property sale documents with keys as a local authority finalises the purchase of a tenanted home

Local Authorities Buying Tenanted Rental Properties from Private Landlords: A Growing Trend in the UK

19th September 2024

As more private landlords decide to exit the rental market, local authorities across the UK are stepping in with initiatives to purchase tenanted properties. These moves are aimed at both preventing homelessness and increasing the availability of social housing in an increasingly challenging market for tenants. Here’s an overview of some key local authority initiatives […]

Damp and mould on interior wall with warning sign highlighting housing hazard

Letting agents blame tenants for damp and mould in rental homes

18th September 2024

Damp and mould in rental properties is usually caused by tenants, say letting agents. A survey by the Property Ombudsman shows that most letting agents believe condensation caused by actions like drying clothes on radiators and cooking without using extractor fans are the main cause for damp and mould. The study reveals the Property Ombudsman […]

Hand completing a property inventory checklist on a clipboard to support accurate rental inspections

Landlords urged to prioritise inventories to avoid costly disputes

18th September 2024

Landlords and letting agents are being urged to carry out property inspections to avoid problems with damage or deposit disputes. A poll by Inventory Base found that 30% of tenants didn’t get an inventory done before moving into their current rental property, and of those, less than 9% arranged one themselves. For the 70% who […]

finger pressing red keyboard key with piggy-bank icon to represent holding deposit dispute

Agent kept one week Holding Deposit when new tenant called off?

18th September 2024

Hello everyone, My letting agent found a tenant for me and they took a one-week Holding deposit from the new tenant. The tenant then pulled out at the last minute, which created a rental void for me. When I asked the letting agent about the one-week Holding deposit they received to cover my void period, […]

House and percentage symbol balanced on wooden seesaw representing mortgage rates.

BTL lenders slash rates as mortgage market heats up

18th September 2024

BTL lenders have announced rate cuts as the market shows signs of improvement. Aldermore and CHL mortgages are among a slew of lenders that have cut rates in their buy-to-let mortgage products. These rate cuts come as lenders aim to boost activity in the buy-to-let market. Lively mortgage market Aldermore has introduced a range of […]

House model on stacks of cash highlighting rising housing costs

Cost-of-living crisis pushes renters further from homeownership

18th September 2024

The impact of the cost-of-living crisis has reduced renters’ aspirations to own their home, according to a new report. A survey by firm MRI Software reveals a staggering 80% of renters feel priced out of the housing market. Nearly half of younger renters aged 18-24 (48%), say they are still continuing to live with their […]

CCTV warning sign with anti-social behaviour symbol crossed out to highlight calls for stronger PRS support

Industry body calls for more support to tackle anti-social behaviour in PRS

18th September 2024

A leading industry body is demanding that the Scottish government offer more support to landlords dealing with anti-social behaviour. Propertymark points out that the rise in anti-social behaviour (ASB) is linked to the ongoing shortage of social housing, which is pushing more vulnerable people with complex needs into the private rented sector (PRS). Propertymark’s policy […]