Page 183 – Property118
Propertymark representative discusses rent control concerns in Scotland

Renters’ Rights Bill must not disadvantage landlords – Propertymark

8th October 2024

With the Second Reading of the Renters’ Rights Bill taking place tomorrow (Wednesday 9 October), Propertymark is calling on MPs to consider the vital role landlords and letting agents play in the private rented sector (PRS). The organisation is urging MPs to strengthen the Bill to ensure it maintains choice, flexibility and keeps costs down […]

House resting on a life ring to illustrate flood-damaged rental property risk

How landlords can respond to extensive flooding of rental properties

7th October 2024

With the severe flooding that has hit the UK in recent weeks many people have experienced damage to their homes as well as in some extreme cases having to evacuate, but what does this mean for landlords? Severe weather events, like storms and flooding, are becoming increasingly frequent in the UK. According to UK Health […]

Labrador resting on a bed while holding a plush toy, illustrating the need for pet-friendly renting policies

Pet charity urges public to support the Renters’ Rights Bill

7th October 2024

A pet charity is calling on the public to support the Renters’ Rights Bill which will bring in the right for tenants to keep pets – which landlords cannot ‘unreasonably’ refuse. The Battersea Dogs and Cats Home believes the bill is a crucial step in ensuring that pets remain with their families, especially as the […]

Woman smiling in professional portrait for property market news article

UK house prices grow for the third month in a row

7th October 2024

House prices in the UK continued their upward trajectory in September, rising by 0.3% compared to the previous month, Halifax reports. This marks the third consecutive month of increases, bringing the annual growth rate to 4.7%, the highest level since November 2022. Despite the recent gains, the overall trend in house price growth remains relatively […]

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

Consultation on proposed property licensing schemes closes next week

7th October 2024

A London council is urging residents, landlords and tenants to have their say on proposed new licensing schemes for private rented properties in its borough. The consultation, which closes on Monday 14 October, aims to gather feedback on additional houses in multiple occupation (HMO) licensing and selective licensing schemes designed to improve housing standards. Currently, […]

Worried man in front of a house for sale amid debate over Labour’s landlord tax plans

Industry boss warns Labour’s anti-landlord stance will harm tenants

7th October 2024

Labour’s anti-landlord stance will hurt tenants, claims an industry boss. Purplebricks’ chief executive, Sam Mitchell, told The Telegraph that Labour’s proposed tax hike rumours have fuelled anxiety in the property market. Chancellor Rachel Reeves has refused to rule out an increase in capital gains tax (CGT) in the October budget. CGT rates could be brought […]

Terraced Rugby homes with an HMO to-let sign illustrating Article 4 Directions

Rugby Borough Council implements powers to control HMOs

7th October 2024

A council will use new powers to curb the spread of Houses in Multiple Occupation (HMOs) in designated areas. Rugby Borough Council has announced the introduction of these powers, known as Article 4 Directions, under the Town and Country Planning (General Permitted Development) (England) Order 2015. The direction is set to come into force in […]

Smart home energy dashboard displaying EPC efficiency ratings for property upgrades

Landlords face a £23.4 billion bill to upgrade PRS homes to meet EPC standards

7th October 2024

The scale of the challenge to improve the energy efficiency of private rented sector (PRS) homes is laid bare as landlords face a £23.4 billion bill, Rightmove reveals. It estimates that 2.9 million landlord properties need to be upgraded to reach an EPC C rating by 2030. The research follows last week’s revelation by Zero […]

Property118 Action Group founder member badge supporting the campaign defending landlords from unfair HMRC actions

Defending Landlords from Unfair HMRC Attacks

5th October 2024

Property118 has long been a champion for landlords, offering innovative and essential solutions to help property investors restructure their businesses into companies, without being hit by large, unnecessary costs. One of the biggest hurdles in this process is the significant financing costs associated with restructuring. At Property118, we developed legal strategies that allow landlords to […]

Golden eggs in a nest with cash representing releasing equity from property investments

Rescue your Investment and move on: We’ll sell your properties in under 28 Days

4th October 2024

We’re two months away from December. New legislations, tax, and changes for tenants are around the corner, and understandably the race to sell before the end of the year is well and truly on. Last week a whopping 71 landlords contacted us looking to sell. Their biggest worry? They didn’t want to just get rid […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

The exodus of landlords: How bad does it have to get?

4th October 2024

Some critics, landlords and commentators say there isn’t a landlord exodus, but landlords are leaving – there is no doubt. So, while the term exodus makes people feel squeamish it’s like the look-out on the Titanic calling that massive iceberg ‘a chunk of ice’. We can play with words all we want but the truth […]

Person sitting on the street beside a cup as Section 21 eviction concept is highlighted

Charities claim Section 21 ‘No-Fault’ evictions fuel rising homelessness

4th October 2024

Charities slam new figures from the government which claim Section 21 is one of the leading causes of homelessness. New figures from the Ministry of Housing, Communities and Local Government reveal that the end of a private tenancy remains a leading cause of homelessness, with 79,500 people seeking council help after their assured short-hold tenancy […]

Renters’ Reform Coalition logo representing tenants’ rights and housing reform

Renters’ Reform Coalition demands compensation for ‘no-fault’ evictions

4th October 2024

The Renters’ Reform Coalition is calling for the government to introduce compensation for tenants who are evicted under the new Renters’ Rights Bill. In a report, the coalition argues that the legislation falls short in protecting tenants from the financial hardship from Section 21 ‘no-fault’ evictions. The coalition proposes that evicted tenants be given ‘an […]

Cover of the 2024 State of the Lettings Industry Report featuring a cityscape and branding from Goodlord and Vouch

Landlords fleeing the PRS as tenant struggles intensify

4th October 2024

Landlords are increasingly exiting the private rented sector (PRS), and tenants are facing rising rents, a new report reveals. The 7th annual Goodlord & Vouch State of the Lettings Industry Report paints a grim picture of the UK’s rental market. Around 1,500 respondents took part, and it was found that many landlords are selling their […]

Landlord stressed over paperwork and new rental legislation at his desk

Renters’ Rights Bill sparks landlords’ worries over Section 21

4th October 2024

Most landlords (75%) are expressing huge concerns about the government’s plans to abolish Section 21 ‘no-fault’ evictions as part of the Renters’ Rights Bill. A survey conducted by buy to let lender Landbay revealed that landlords’ primary concern is a loss of control over their properties and their ability to remove problem tenants. They argue […]

Fleet Mortgages executive discusses new rate cuts and market trends.

Rental yields continue to rise – but the pace slows

4th October 2024

Rental yields across England and Wales have continued to increase, according to the latest Fleet Mortgages’ rental barometer. However, the pace of growth has slowed, suggesting that the rent rises seen in recent years may be coming to an end. The overall average rental yield for England and Wales now stands at 7.2%, up from […]

Woman looking up at a question mark sticky note on her forehead, symbolising uncertainty about renting through a Ltd company

Accountant advising tenant to rent through Ltd company?

4th October 2024

Hi, my partner’s tenant is currently paying mates rates [£500 below market] on a personal AST. The tenant is a friend and is 12 months into her second 12 months AST. She is paying some £500 below the local market rent as a favour. Recently, her accountant advised her to start paying the rent through […]

High-rise building with chains and the word “Scandal” symbolizing the cladding safety crisis.

Join the Fight for Justice: Support the Cladding Scandal Campaign

3rd October 2024

Parliament will debate the Grenfell Tower Inquiry Phase 2 Report today, which found the 72 deaths in the Grenfell fire were avoidable due to widespread failings. MPs will push the government on plans to act on the report’s recommendations. Prime Minister Keir Starmer has pledged to “speed up fixing unsafe cladding,” and will set targets […]

Landlords and second homeowners rush to sell – Zoopla

3rd October 2024

The UK property market is witnessing a surge in landlord and second-homeowner properties for sale as they race to offload their homes ahead of anticipated tax changes, Zoopla reveals. Its latest house price index highlights the looming threat of higher taxes that might be announced in this month’s Budget. The prospect has prompted a wave […]

picture of polly neate stepping down as chief executive of Shelter after seven years

Polly Neate steps down as chief executive of Shelter

3rd October 2024

Polly Neate has announced her decision to step down as chief executive of housing charity Shelter after more than seven years in the role. Ms Neate will leave the position at the end of March 2025, with the recruitment process for her successor already underway. During her time at Shelter, Ms Neate has been a […]