Page 169 – Property118
Black piggy bank under a red “Past Due” stamp symbolizing unpaid rent or arrears.

Why was my Universal Credit direct rent payment request denied?

19th November 2024

Hi, in short, my tenant is in significant arrears. They had a child in hospital for a while and I was sympathetic to their inability to sort out their payments during this time. Despite receiving Universal Credit (UC) they have not made up their missed payments. I applied to UC for direct to landlord rent […]

Multiple estate agent boards showing properties for sale, sold, and to let in a UK street.

The UK’s PRS diverges with London slumping and other areas soaring

19th November 2024

The UK’s rental market has a stark regional divide, with London experiencing significant declines in rent prices, while Wales and Yorkshire continue to see double-digit growth. According to the latest data from Home.co.uk, annualised national growth for asking rents is a modest 1.1% – largely dragged down by London’s falling prices. In contrast, Wales and […]

Person climbing ladder toward a glowing lightbulb symbolizing new property investment ideas

Climbing the Property Investment Ladder: Start Smart, Avoid Regrets

18th November 2024

Getting started in property investing is exciting. It’s a chance to build wealth, create financial freedom, and take control of your future. But for many beginners, the excitement can lead to rushing in too quickly and skipping essential steps. Unfortunately, this often results in regret, costly mistakes, and a tough start to what should be […]

Smiling couple meeting with an agent to discuss property and customer service

We Don’t Work in Property — We Work in Customer Service

18th November 2024

When someone asks “what you do?”, it might feel natural to say, “I work in property.” This phrase has a clear and straightforward meaning: your job revolves around selling, renting, developing or managing properties, be it long-term rentals, short-term accommodation, or holiday lets. However, while properties might be your product, they’re not the core of […]

Ombudsman Amerdeep Somal comments on Leicester City Council’s refusal to pay compensation in housing dispute

Council defies Ombudsman by refusing to pay over housing issues

18th November 2024

A council has sparked outrage after refusing to comply with a Local Government and Social Care Ombudsman’s order to pay compensation to a domestic abuse victim. The woman, who was forced to flee her home with her children, was left without adequate support from Leicester City Council. Despite repeated pleas for help, the council failed […]

Man trapped in a bear trap watching rising UK house prices and rent costs climb.

The Tenant Trap: Are Rising Rents Pushing the UK Toward a Renters’ Crisis?

18th November 2024

The Tenant Trap: Are Rising Rents Pushing the UK Toward a Renters’ Crisis? The UK’s private rented sector is in turmoil. As landlords exit the market in record numbers, tenants are finding themselves trapped in a vicious cycle of rising rents and shrinking housing options. What used to be a relatively stable rental market is […]

The Law Society logo representing its call for more funding to prevent tenant evictions.

Courts need more cash to help prevent tenant eviction – Law Society

18th November 2024

The Law Society of England and Wales has issued an urgent call for increased funding for legal aid to support renters at risk of eviction. The plea comes as new figures from the Ministry of Justice reveal a significant surge in possession orders. Mortgage possession orders have rocketed by 38%, from 2,923 to 4,038, compared […]

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

Is the NRLA still run for a common purpose?

18th November 2024

Hello, I posted below as a response to a topic last week but maybe this should be discussed more as many seem to questioning the actions of the NRLA in respect of the Renters’ (Reform) and the Renters’ Rights Bills. The NRLA is a company that saw a gap in the market to make money. […]

Property for sale and sold signs outside UK houses showing active housing market

House prices dip post-Budget but 2025 looks bright – Rightmove

18th November 2024

Average house prices have fallen by 1.4% this month, a larger drop than the usual seasonal decline, which is probably down to pre- and post-Budget jitters, Rightmove reveals. It says that despite the recent slowdown, the housing market remains more active than last year, with the number of agreed sales up 26% and new sellers […]

Businessperson tearing a contract in half, symbolizing termination of an agreement

Advice on my justification to terminate the agency agreement?

18th November 2024

Hello fellow landlords, I have a situation for which I am wondering if anyone has advice. In late 2022 I let my flat in London using a well know national (and international) estate agent and they arranged a 24 month Tenancy Agreement. This was a surprise as I had only expected 12 months and had […]

Person holding an energy bill while reviewing household energy costs.

How to cut energy bills in a Victorian HMO?

18th November 2024

Hi, could I please get some advice on reducing energy bills in my rental property. The property is an old Victorian 3 storey house currently rented out to four individual tenants with a potential 5th in the future. Currently locked in a contract with British Gas for another 13 months so unable to switch to […]

Hands holding colorful miniature houses symbolizing property sales and investment opportunities.

Why My Pool of 30,000 Investors Are Looking for Blocks of Six or More Properties – and How You Could Benefit

17th November 2024

I’ve been working with landlords for years, and if there’s one thing I’ve noticed recently, it’s this: demand for blocks of six or more properties has skyrocketed. We’ve seen a spike in enquiries of buyers wanting to buy several properties at once to kick-start their portfolios. These aren’t old landlords, they’re new landlords with fresh investment […]

Property expert warns landlords rushing Section 21 evictions before ban

Bailiff crisis pushes eviction delays into mid-2025

15th November 2024

Landlord Action is sounding the alarm on severe delays in bailiff appointments at London County Courts and warns that some courts, like those managed by the Stratford Housing Centre, are scheduling bailiff appointments as late as mid-2025. The leading UK eviction specialist warns that this delay is down to a significant shortage of County Court […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

Welcome to the Landlord Club, Keir Starmer and Rachel Reeves!

15th November 2024

As the Prime Minister and Chancellor step into the world of landlording, they are joining a diverse and dynamic sector that plays a crucial role in the UK housing market. With their new roles as landlords, they’ll need to navigate the complexities of property ownership, tenant relations and the ever-evolving legislative landscape. Here’s a warm […]

Business professional in blue suit representing NRLA leadership on housing crisis.

Housing crisis deepens as landlords sell up – NRLA

15th November 2024

Tenants across the UK are facing a worsening housing crisis as landlords continue to sell properties, exacerbating the already severe shortage of rental homes, the National Residential Landlords Association (NRLA) warns. It points to data from Pegasus Insight which reveals that demand for private rented housing remains strong, particularly in the South East. However, 19% […]

Business professional in light blue blazer smiling against grey background

Landbay cuts BTL rates as Aldermore reintroduces 5-year fixed deals

15th November 2024

Landbay has announced rate reductions across its fixed-rate product range which are up to 0.20%. Both two-year and five-year fixed-rate products, available at up to 70% and 75% loan-to-value (LTV), have seen the full reduction. This includes Landbay’s AVM-supported range of standard and non-portfolio products. In addition, Landbay has reduced rates on its 55% LTV, […]

Hands holding paper house labeled “Not For Sale” beside a “To Let” sign, symbolizing landlords retaining rental properties.

Landlords defy expectations of an ‘exodus’ – claims Lomond

15th November 2024

Two weeks after the Autumn Budget, fears of a mass exodus of landlords from the private rented sector (PRS) are claimed to have been unfounded. ‘Research’ from Lomond indicates that the number of tenanted properties listed for sale has fallen by up to 3% in some areas. Prior to the Budget, there had been widespread […]

Verona Frankish, Yopa chief executive, smiling during a professional portrait.

Property market sees an upturn after the Autumn Budget

15th November 2024

The UK’s property market has seen a significant uptick in activity following the Autumn Budget, with thousands of new homes hitting the market. Estate agency Yopa reports an 11.4% increase in property listings in the two weeks after the Budget, with 84,000 more homes coming up for sale. This brings the total number of properties […]

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

Landlord possession actions surge – MoJ

15th November 2024

Landlord possession actions in England and Wales have surged in the third quarter, with private landlords leading the way, the Ministry of Justice (MoJ) reveals. Its data shows that when compared to the same period last year, there have been rises in claims, orders, warrants and repossessions. The number of landlord possession claims increased by […]

White chalk question mark on blackboard representing uncertainty about legal obligations.

New Freeholder failed to issue Section 3 notice?

15th November 2024

Hi, a new freeholder failed to issue a Section 3 notice to 37 long leaseholders (whole block) when he bought the freehold a year ago. This could be a criminal offence liable to a £2,500 fine. Does anyone know if it’s better to bring an action against him (and how to go about it) or […]