Landlords and residents are being invited to participate in a public consultation on the potential introduction of a new selective licensing scheme for homes in the private rented sector (PRS). Leeds City Council says it wants to expand licensing to Armley, Beeston & Holbeck, Burmantofts and Richmond Hill, Gipton and Harehills, along with the Hunslet […]

Rents in London’s prime rental market have been rising, with an annual growth of 2.6% in August. According to LonRes, average rents in prime London areas, including Westminster, are now 31.6% higher than they were between 2017 and 2019. However, the number of new lettings agreed has dropped by 14.5%, while new instructions have decreased […]

Hi, I have read a post regarding parents who are landlords and are supporting students. I applied for a current year income assessment and in box 8.3 included the relief for finance costs. After researching it appears Student Finance do not take S24 relief into consideration. So, even if my actual household income after deductions […]

House prices in Scotland are experiencing a boom, with West Lothian achieving record prices for the third time this year. According to Walker Fraser Steele, average house prices in Scotland in July are 1.9% up from a year ago. The average house price in Scotland is now £225,113. Almost all of Scotland is outperforming England […]

Damp and mould issues have long been one of the biggest problems for tenants in rented properties. Up until recently, tenants could only force landlords to take action if the damp was caused by some kind of ‘disrepair’ in the property – for example, a hole in the roof or crack in the wall that […]

A proposed ban on Section 21 ‘no-fault’ evictions under the Renters’ Rights Bill could lead to a ‘spate’ of evictions, one expert warns. The assistant director of housing at Manchester City Council, Rob McCartney, told the Local Government Chronicle that the situation for housing evicted tenants was going to get worse. He said that landlords […]

Wrexham has solidified its position as the UK’s busiest rental market, with letting agents receiving an average of 54 enquiries per available property, according to Rightmove. Its ‘Demand Tracker’ reveals that this figure far exceeds the national average of 19 enquiries per rental home. Glasgow and Bristol closely follow Wrexham, with 52 and 51 enquiries […]

Thousands of people including children are trapped in temporary accommodation in Scotland, according to new figures. The Scottish government’s latest figures show that as of March, 16,300 households were in temporary accommodation — the highest number since records began in 2002. The data shows local homelessness services are breaking the law more often, with councils […]

Subletting has become a common practice in recent years but can be dangerous especially if a tenant is subletting without the landlord’s permission. But did you know standard landlord insurance doesn’t cover subletting? Here at Property118, we’ve teamed up with The Home Insurer who can help with subletting and landlord insurance. What is subletting? Subletting […]

Hi, my tenant’s main home is abroad in Lithuania. They own other properties in their own country and have others in Spain. They use my property when in the UK as a base. They are currently abroad in Greece until November. I did a AST which is now a rolling contract. However, I need to […]

One in five rental properties in Britain has a monthly rent equal to the average income, while some cost a full year’s salary just for a single month, according to Benham and Reeves. The average person in Britain takes home £35,481 per year – equating to £2,957 per month. According to estate agents Benham and […]

This story started with a £6,000 rent arrears crisis and ended with a win-win solution for everyone involved. Late in the day, I received a call from Barry, a landlord who had recently contacted me through Property118. He had submitted an online enquiry about an issue with his tenants, and I had reached out earlier. […]

Is Angela Rayner’s plan to scrap the Right to Buy scheme a bold investment strategy or a market distortion? Dive into this video for an expert analysis on the implications for the housing market and property investors like you. Uncover the history behind Margaret Thatcher’s policy and explore the potential impacts of new government regulations. […]

Recently, I had a conversation with a fellow landlord who found himself in a difficult situation that many of us can relate to. His tenant’s boiler had broken down completely, leaving the property without heating or hot water just as winter was approaching. Unfortunately, like many landlords, he was struggling financially and simply didn’t have […]

Specialist lender Foundation Home Loans has made rate cuts across its special and limited edition buy to let products. The move comes as part of a broader trend among lenders to offer more competitive rates to landlords. The reductions include cuts of up to 0.35% on two-year fixed rates and up to 0.25% on five-year […]

The government has unveiled a series of new measures aimed at ensuring decent homes for all private rented sector (PRS) tenants in the UK. These measures include a new Decent Homes Standard for the rented sector, the introduction of Awaab’s Law legislation, and enhanced access to information for tenants. The consultation, which will launch as […]

The housing market has experienced a summer lull, with house prices declining. According to e.surv’s house price index, average house prices are now 2.6% lower than they were a year ago. As the Bank of England eyes an interest rate cut in November, many hope it will revive buyer confidence in the housing market. Affordability […]

A representative of the Renter’s Reform Coalition who was privy to government conversations involving tenant and landlord groups says landlords made a ‘veiled threat’ to evict renters. The head of the organisation, Tom Darling, says that in one meeting, landlords said they would act before the Renters’ Rights Bill came into force to use Section […]

Hi, supposing I am the Trustee of a family Trust which lets houses and I wish to evict a Tenant in favour of one of the beneficiaries of the Trust who wishes to live there, am I allowed to serve an eviction notice under the Renters’ Rights Bill? Also, if the cost of maintaining the […]

It’s not only homeowners and sellers feeling a sense of relief following the recent interest rate cut, but tenants have also benefited from a big jump in rental property availability. That’s according to an analysis from Zero Deposit of 15 major UK cities, focusing on the total number of homes available and those newly listed […]

Recent developments have led HMRC to name Property118’s Substantial Incorporation Structure (SIS) and Capital Account Restructure (CAR) as tax avoidance schemes. We strongly disagree with this classification and believe that both structures are fully compliant with UK tax law. However, given the ongoing dispute and the issuance of a Stop Notice for CAR by HMRC, […]