Page 205 – Property118
pic of tenements in Glasgow landlords tenants Scottish government property118

Scotland’s housing market rebounds with price rises

15th May 2024

House prices in Scotland have bounced back to record their strongest growth in over a year, one index reveals. The data from chartered surveyors Walker Fraser Steele found that after a five-month decline, prices rose 1.4% in March. That beat expectations and was higher than the price trends seen in England and Wales. The average […]

Property expert discussing landlord sentiment after stamp duty increase

London’s rents soar – Scotland is close behind

15th May 2024

London is leading the UK in rent price growth, with rents surging by an average of 11.2% over the past year, one analysis reveals. The figures from lettings agent, Benham and Reeves, which looked at data from the Office for National Statistics (ONS), found that rents across Britain have risen by 9.1% on average. In […]

Experts warn of Renters (Reform) Bill eviction loophole

14th May 2024

Private rented sector experts have identified a loophole in the Renters (Reform) Bill that could lead to a confusing patchwork system for landlords and tenants over evictions. The Bill, which aims to abolish Section 21 ‘no-fault’ evictions might not deliver on this promise. That’s according to Oli Sherlock, the managing director of insurance at Goodlord, […]

eviction notice opened envelope landlords property118.com

This Section 21 court case appeal could impact ALL landlords

14th May 2024

A landmark court case could throw a spanner into how landlords handle tenant communication after the Court of Appeal agreed to hear a second appeal in the case of D’Aubigny v Khan. The case hinges on whether crucial documents can be legally served by post. The tenant argues they never received essential paperwork, including an […]

Custom Clauses For Assured Shorthold Tenancy?

14th May 2024

I’m about to renew an AST and wanted to know if any landlords on this wonderful forum have added any custom clauses to their AST’s that is not obvious/standard? Out of interest, I normally add the following to my AST’s: Custom Clause 1. No dogs are permitted at the property. One (1) cat may be […]

AI Reveals Surprising Upsides Amidst Market Shifts! ?

14th May 2024

1) Supply squeeze pushing up rents, 2) predicted interest rate drops to provide landlords with a double boost, 3) how landlords are benefitting from PropTech and open banking, 4) more reasons for landlord optimism. You’ve probably noticed the eye-catching image that kicks off this article—a cheeky scene of a businessman riding a flying pig high […]

Stressed landlord reviewing bills and finances with calculator on desk

Landlords blame tax burden and costs for rising rents – Propertymark

14th May 2024

Landlords are pointing to tax changes, rising costs and a challenging economic environment for the continuing rise in rents, Propertymark says. It has spoken to landlords after the Office for National Statistics revealed that rents grew by 6.1% in England, 7% in Wales and 6.8% in Scotland in the year to January. Now Propertymark is […]

Landbay's sales and distribution director, Rob Stanton wearing a light blue suit and white shirt

Landbay reduces stress test requirements for BTL remortgages

14th May 2024

Landbay has streamlined its like-for-like remortgage products for buy to let landlords by simplifying its affordability checks and offering lower interest rates. Landlords looking to remortgage without increasing their borrowing amount can benefit from the lender’s revised stress test criteria. Instead of the usual calculation that factors in a 2% interest rate hike on top […]

House price falls slowing in England and Wales – e.surv

14th May 2024

House prices in England and Wales are continuing to fall, but the rate of decline is slowing, according to the latest e.surv house price index. The average sale price of completed home transactions using cash and/or mortgages in England and Wales rose by a small amount (£127) to £359,154 in April. This is still 2.9% […]

London is home to the weakest housing market ‘ripple effect’

14th May 2024

While it may have been known for its strong commuter belt effect on house prices, London now has the weakest ‘ripple effect’, research reveals. Estate agents Yopa have analysed house price growth over the past five years in 12 major British cities. It then compared this growth to the average increase in local authorities bordering […]

pic of bailiff gaining entrance to a rented home to evict property118

Waiting time for a bailiff in Ilford?

14th May 2024

Hello, I got possession order at the end of October. We applied for a bailiff in December 23 and now have a bailiff date for October 24. Is that the experience of everyone else? Nine months after getting a possession order to wait for a bailiff in the Ilford area? We are really struggling to […]

Estate agent boards outside rental properties in London highlighting demand in the private rental sector

41% of Right to Buy homes are now private rentals

13th May 2024

Research reveals that 41% of properties sold under Right to Buy are now privately rented – that’s around 820,000 homes. And since 2015, another 109,000 former council homes are now in the private rented sector (PRS), the New Economics Foundation (NEF) says. It warns that the sales are a key factor behind the dwindling availability […]

Do we legally have to pay for our tenants’ tree to be felled?

13th May 2024

Hello, I have a question. Our tenants have large and well matured front and back gardens. There is a well established, large tree in their front garden (over 50 years old) which is affecting the neighbour’s garden in as much as because it blossoms throughout the Spring and Summer months they are unable to sit out […]

Justice scales and person writing at a desk

Is there anywhere I can go to seek compensation for court errors?

13th May 2024

Hello, I am currently going through Section 21 route to evict my tenants who haven’t been paying rent since November 2023. Instead of issuing a possession order, a judge has set a hearing date in July this year stating since October 2015 , a valid EPC certificate is needed to use Sec 21. While my […]

To Let sign outside rental flats illustrating high demand in Wrexham’s rental market

Lewisham’s selective licence scheme?

13th May 2024

Hello, I understand why Lewisham want to clamp down on rogue landlords – but it is so unfair on those of us who aren’t. This is a sledgehammer/nut scenario. And those of us who use a reputable agent, will have to pay twice to have our documentation checked, as the agent will want to do […]

Unraveling the Role of Property118: Empowering UK Landlords

13th May 2024

This weekend I asked Chat GPT to “draft a blog to explain the role of Property118 for UK landlords”. The following is what it came up with (unedited) … In the dynamic landscape of property investment in the United Kingdom, landlords often find themselves navigating through an array of challenges, from regulatory compliance to financial […]

Renters Reform Bill – Podcast update

13th May 2024

This podcast is the second in a series about the Renters Reform Bill. This episode predicts when the bill will take effect and brings more clarity around some specific parts of the changes with real-life examples, like how this could impact student landlords. Good Landlording is a new podcast hosted by Richard Jackson of Alphaletz […]

A park in London

London’s rents are cheaper than mortgages

13th May 2024

The financial challenges being faced by aspiring homeowners in the capital have been revealed by a study which shows a significant gap between mortgage payments and average rents. The research by SBA Property Management shows that the difference makes buying a property in London a less attractive option compared to other UK cities. Across London, […]

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

NRLA slams councils’ handling of criminal landlords

13th May 2024

The National Residential Landlords Association (NRLA) has hit out after research reveals that councils have collected less than half of fines levied against criminal landlords in England. According to the NRLA, just £6 million out of £13 million in civil penalties imposed on landlords between 2021 and 2023 have been collected by councils. This means […]

Jersey landlords ‘disappointed’ by new rented dwelling licensing scheme

13th May 2024

The Jersey Landlords Association (JLA) says it is disappointed with the implementation of the island’s new rented dwelling licensing scheme. It believes the rushed rollout has created confusion for landlords, tenants and letting agents. The JLA is criticising the 124-page technical code of practice, arguing it isn’t user-friendly and lacks clear guidance for landlords to […]

Indemnity insurance claim on contractor, surveyor or managing agent?

13th May 2024

Hi everyone, I own a leasehold flat in a building (total 5 flats) and I also own a share of the freehold. We appointed a contractor via our managing agent to carry out major external works in the building including to the roof, electric writing, water pipes etc. This work was being overseen by a […]