Page 178 – Property118
Chief executive commenting on falling rent prices in England’s private rental sector

Pace of rent rises is starting to slow – Goodlord

1st October 2024

Rents across England continued to hold steady in September, breaking the £1,400 barrier for the third consecutive month, according to the Goodlord Rental Index. However, there were signs that the rapid pace of rent increases might be starting to slow. The average price for a rental property was £1,417 – that’s marginally lower than August’s […]

Molo Finance and TML offer new competitive BTL deals

1st October 2024

Two leading buy to let mortgage lenders, Molo Finance and The Mortgage Lender (TML), have announced updates to their BTL mortgage ranges. These changes include lower interest rates and the introduction of new product fee tiers, offering landlords more competitive options. Molo has introduced a third product fee tier across its UK resident products, providing […]

Propertymark representative promoting landlord support in upcoming Welsh Budget

Welsh agents urged to share housing market insights

1st October 2024

Letting agents are being urged to contribute to an initiative exploring the impact of Welsh Government policies on the housing market that are popular with visitors. The Wales Tourism Alliance and Propertymark are inviting agents to share their firsthand observations and experiences over short-term, and holiday lets in Wales. One of the issues is second […]

Property expert outdoors discussing rising UK rent prices

Landlords face £21 billion bill to meet new EPC standards

1st October 2024

Landlords in the UK are facing a substantial financial burden to comply with the government’s proposed energy efficiency standards. According to research by Zero Deposit, the tenancy deposit alternative, it will cost the nation’s landlords £21.455 billion to bring their properties up to the required EPC C rating by 2030. Net Zero minister Ed Miliband […]

Note showing “Capital Gains Tax” beside calculator, highlighting concern over proposed tax changes

How much extra rent do you need to offset Labour’s proposed CGT grab?

1st October 2024

Hello, Many landlords in the past used to budget for a capital growth strategy with their investments guided by a 5% annual gross yield on rental income and 5% average annual return on capital growth. The rental yield just covered the running costs of maintenance, management and finance though recently higher rents were necessary to […]

Child sneezing indoors while a dog sits nearby, illustrating concerns about pet allergies for landlords

Pet allergies and the Renters’ Rights Bill?

1st October 2024

Hi, I own a Victorian house that I converted into four flats. I’ve sold one, rent out two, and live in one myself. I issue Landlord Tenancy Agreements (non-assured tenancies). I understand I would still need to go through the court process if a tenant refuses to leave under the Renters’ Rights Bill. I have […]

Hands exchanging a small house with a newspaper headline about legislative changes in the rental sector

Why the Standard Rent-to-Rent Model Will Struggle Under the New Renters’ Rights Bill

30th September 2024

Rent2Rent has taken the rental market by storm, offering landlords a handsfree option with guaranteed rent, but has time run out for the standard R2R model as we know it? The Renters’ Rights Bill represents a significant shift in the legal framework governing the relationship between landlords, tenants, and rent-to-rent (R2R) operators. These changes introduce […]

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

Propertymark responds to new Renters’ Rights Bill guidance

30th September 2024

Propertymark has expressed its views on the newly proposed Renters’ Rights Bill, emphasising the need for a fair and balanced approach to implementing the significant changes it will bring to the private rented sector (PRS). The organisation highlights concern about the potential impact of abolishing Section 21 ‘no-fault’ evictions on the court system, urging for […]

Business professional in formal suit at modern office building

Fastest UK house price growth in two years – Nationwide

30th September 2024

UK house prices recorded their fastest annual growth in two years in September, rising by 3.2% year-on-year, up from 2.4% in August, according to Nationwide. Northern Ireland led the way with an 8.6% increase in prices in the third quarter, while East Anglia was the weakest performer with a 0.8% decline. Nationwide’s data by property […]

EV charging point powering an electric car at a residential property

Landlords urged to install EV chargers to boost income

30th September 2024

Landlords are being advised to get ahead of the curve by installing electric vehicle (EV) charging points at their properties. This move could not only increase rental income but also make their properties more desirable to renters. The call is being made by home and car insurance platform Quotezone.co.uk who point out that adding an […]

Blue fire door safety sign reminding to keep the door shut.

Council flat front fire door installation?

30th September 2024

Hi, I am a leaseholder of council flat and recently got letter from the council that I need to upgrade my front fire door as they saying that my current old front (internal) door is not compiled with 2005 fire regulations. They gave me chance to do the job with their contractor who will start […]

Black mould growth on a damp window corner after tenant eviction.

Should tenants be educated on preventing mould in properties?

30th September 2024

Isn’t it essential for tenants and the government to be educated about the causes of mould in properties, rather than blaming landlords for mould issues? If we hermetically seal every property, condensation can still occur, at about 1 pint per adult per night. Even if clothes aren’t being dried on indoor washing lines, clothes horses, […]

Eviction notice with keys and scattered coins highlighting rent arrears

Eviction process for a zero deposit tenant?

30th September 2024

Hi, I am desperately in need of some advice for my mother in law, she is trying to evict a tenant using a section 21 notice. Originally when the property was let, a deposit was paid to the letting agent, but after a few years my mother in law ended her association with the letting […]

Students reacting to housing challenges in Scotland amid accommodation shortages

Students struggle as Scottish housing crisis worsens

30th September 2024

Thousands of students “are being overlooked” as housing crisis in Scotland reaches breaking point. A report by the Chartered Institute of Housing, in collaboration with several universities including Glasgow, warns of a “severe student housing crisis” due to a shortage of more than 26,000 student bed spaces in the country’s biggest cities. The news comes […]

Keys and a house keyring placed on a tenancy agreement for a leasehold property

Impact of the Renter’s Rights Bill on superior landlords?

30th September 2024

Hi, for any leasehold property surely the superior landlord is the Freeholder(s)? Many Leaseholders have to obtain written permission (and even pay a fee for the privilege) of renting out a leasehold property. If the superior landlord is the freeholder(s), and thus under the proposed Renter’s Rights Bill responsible for rent repayment orders and the […]

Promotional graphic featuring two individuals alongside text about working with Landlord Sales Agency

End of an Era: Landlord sells entire Property Portfolio in record time

27th September 2024

Landlords who’ve been in the business a while are downsizing. If you haven’t thought about doing it before, or if you’re on the fence, you might want to think about it now, before we get too close to December. For Shirley McLean, a landlord who has been a longstanding member of Property118, it was time […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

EPC rules and the Renters’ Rights Bill will damage the PRS beyond recognition

27th September 2024

While landlords are distracted by the nonsense that is the Renters’ Rights Bill, the biggest elephant in the room is a pledge for PRS homes to meet an EPC minimum rating of C. Ed Miliband, the so-called (big fat) net zero minister, claims that rented homes that don’t meet this criteria will be banned from […]

Renters’ Rights Bill – Government reveals full details

27th September 2024

The UK government has revealed more details about the Renters’ Rights Bill which will see Section 21 ‘no-fault’ evictions being banned. Section 21 is described in the update as a ‘scourge’ and the law is set to come into force next summer. Landlords might also be alarmed at the prospect of £7,000 civil penalties for […]

Investor pushing credit score gauge from poor to excellent for property investment

Why your Credit Score matters If you’re getting into property investing

27th September 2024

If you’re thinking about getting into property investing, one of the first things you’ll want to understand is your credit score. If you’re looking to secure a buy-to-let mortgage credit score is going to play a major role. But what exactly is it, and how can you make sure it’s working for you rather than […]

Energy efficiency rating chart shaped like a house with 2030 target for EPC C goal.

EPC C rating or letting ban?

27th September 2024

Hi, I read that Ed Miliband announced that if a C energy rating is not achieved by 2030 then the landlord will be banned from letting it out. Does anyone else see an opportunity to buy a D or below rated BTL with long standing tenants and then wait until the government kicks them out? […]

Person with head on desk at a workspace reflecting stress over PRS challenges

Landlords and agents increasingly pessimistic about the PRS

27th September 2024

New findings from the Goodlord and Vouch ‘State of the Lettings Industry Report 2024’ paint a grim picture for the private rented sector (PRS). It reveals that more than half of landlords and agents surveyed expressed pessimism about the future of the market. They point to upcoming legislative changes, economic uncertainty and a growing sense […]