Page 185 – Property118
Signing housing agreement with model house on desk

Should I include tenant’s partner on the tenancy agreement?

9th August 2024

Hi, in need of some advice. I rent out a flat in a university town, very often to international students. I have an international student arriving in September who will be paying 6 months’ rent in advance (for the initial tenancy of six months which will be renewed all being well). My only concern is […]

To let sign outside a residential property reflecting changing BTL mortgage rates

Rightmove and OpenRent U-turn in partnership shock

9th August 2024

An announcement last night (8 August) has upended Tuesday’s announcement that Rightmove had severed ties with OpenRent. The property portal giant has confirmed that the online letting agent has signed a new membership agreement. Rightmove said: “Further to the announcement on 6th August, Rightmove announces that OpenRent has entered into a new membership agreement. Our […]

Neighbour Complaints During A Permitted Development Project: Do Their Opinions Matter?

9th August 2024

In this informative video, Ranjan Bhattacharya tackles a common concern for developers and homeowners: neighbour complaints during permitted development. Do these complaints hold any weight, and should you be worried? We break down the rules and regulations surrounding permitted development, the potential impact of neighbour objections, and how to navigate these challenges smoothly. Whether you’re […]

Eviction notice concept with house icon over money and calendar background.

Landlord possession cases surge as homeless figures rise

9th August 2024

Social and private landlord possession claims, orders, warrants and repossessions all increased dramatically between and April and June, government data reveals. When compared to the same quarter in 2023, landlord possession claims surged from 22,526 to 24,495 (9%), orders from 16,029 to 18,436 (15%), warrants from 9,957 to 11,172 (12%), and repossessions from 5,950 to […]

scotland

Scottish housing bill faces criticism as rent control warnings ignored

9th August 2024

An industry body is “disappointed” over a lack of changes to the Scottish Housing Bill. Propertymark has criticised the Scottish government for not taking on board amendments suggested by various industry groups including the impact rent controls could have on the private rented sector. The Bill contains a package of policy reforms including introducing rent […]

Landlord confidence plummets amid fears over Labour’s housing policies

9th August 2024

Confidence in the rental market dips as landlords fear Labour’s housing policies. According to a poll by SpareRoom, 79% of landlords think Labour’s proposals to improve the rental market won’t work. Labour has promised to abolish Section 21 and plans to introduce hardship tests which will make it impossible to evict tenants. Only 19% of […]

Frustrated woman with steam coming out of her ears, symbolizing anger and stress.

RTB denied for spurious reasons?

9th August 2024

Hi, almost a year after my sheltered building was decommissioned (by a council cabinet decision), I applied to buy my flat (Right to Buy). The council rejected saying the flat was still sheltered because the decommissioning had not been registered. When I objected, I was told that the property was still registered as ‘elderly property’ […]

underground car park, parking

Transfer of parking spaces to grandchildren?

9th August 2024

We own two parking spaces worth about £15,000. We use the income, £1,800, to fund pension plans for our four grandchildren. The rent is paid to us which, of course, we include in our tax return with other letting income. We are thinking about transferring/gifting the spaces to our grandchildren (all under the age of […]

What if I only want to let for 6 months?

9th August 2024

Hi everyone, I am in the process of selling my own home which I expect to take up to 6 months, but this could change either way in terms of time. I also own a flat around the corner that is let with the tenant coincidentally confirming they have purchased their own house and will […]

The Power of SSAS Pensions for Property Investors

8th August 2024

As a property professional, you’re always on the lookout for effective ways to maximise your returns while minimising costs and taxes. Enter the SSAS pension – a game-changer in the property investment world. A Small Self-Administered Scheme (SSAS) is a company pension designed for small to medium-sized businesses. It’s an incredibly flexible tool that offers […]

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

UK housing market: Rental crisis deepens, home sales improve – RICS

8th August 2024

The UK housing market exhibited mixed fortunes in July as the private rented sector (PRS) continued to grapple with a widening gap between supply and demand. However, according to the latest RICS residential property survey, the sales market is showing tentative signs of recovery. RICS says that demand for rental properties persisted at a robust […]

Accord cuts its buy to let rates again

8th August 2024

Accord Mortgages has announced further reductions to its buy to let product range, with cuts of up to 0.15% across all loan-to-value tiers up to 75%. The latest changes see two-year fixed rates decrease by 0.15%, with reductions of up to 0.10% for three and five-year fixes. Landlord clients favouring tracker options will also benefit […]

Rental yields soar to 10-year high

8th August 2024

Rental yields generated by landlords have hit the highest level since 2014, research from Paragon Bank reveals. The lender’s latest PRS trends report reveals that landlords saw an average of 6.3% in rental yields during the second quarter of the year. This figure marks a substantial rebound from the 15-year low of 5.2% recorded in […]

Housing law expert Phil Turtle discussing landlord enforcement and civil penalties

Call to replace selective license schemes with a Jersey-style model

8th August 2024

Landlord Licensing and Defence chief Phil Turtle is urging the National Residential Landlords Association (NRLA) to back his proposal for a Jersey-style property licensing model. He believes this could revolutionise the private rented sector (PRS), providing a more efficient and cost-effective way to regulate landlords while potentially eliminating the need for selective licensing schemes. Under […]

Landlords, You Can’t Sell Up! New Rules on Evicting Tenants Within 2 Years

7th August 2024

In this crucial episode of Property Breaking News, Ranjan Bhattacharya and Andrew Roberts discuss the latest legislative changes affecting landlords: a new rule that prohibits evicting tenants within the first two years of a tenancy if you wish to sell the property. What does this mean for landlords facing financial difficulties, especially with fluctuating interest […]

Woman smiling in professional portrait for property market news article

UK house prices rise despite market challenges

7th August 2024

House prices in the UK rose by 0.8% in July, halting a three-month plateau, Halifax reveals. The average property value now stands at £291,268, marking a £2,200 increase compared to June. Annual growth has also accelerated to 2.3%, the highest rate since January 2024. Despite this uptick, the lender cautions that affordability issues and limited […]

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

More BTL lenders announce rate cuts and new products

7th August 2024

Buy-to-Let by Foundation is among a slew of lenders to unveil new products and rate cuts designed to appeal to a wider range of landlords. The new offerings include: Limited Edition Products: Two new limited edition fixed-rate deals, one for borrowers with a strong credit history and another for properties with a high Energy Performance […]

Selective licensing schemes see landlord costs soar – Direct Line

7th August 2024

Landlords across England are facing an increasingly heavy financial burden as local councils ramp up selective licensing schemes, research reveals. English councils are charging landlords almost £700 on average to obtain mandatory selective licenses, with costs varying wildly across the country. According to the study by Direct Line, Leicester city council tops the list with […]

Students sitting around a coffee table

Just one in six university campus rooms are affordable for students

7th August 2024

Just 17% of on-campus university rooms in the UK are classed as affordable for students – that’s one in six available rooms, Generation Rent reveals. It says the research highlights a severe shortage of budget-friendly accommodation. And universities are accused of ‘raking it in’ as landlords despite claiming to care for their students’ ‘wellbeing’. The […]