Page 208 – Property118

How to Spot Hidden Value in Commercial Properties

2nd May 2024

The art of recognising untapped potential in commercial Property! In this video, Ranjan Bhattacharya offers invaluable insights into identifying overlooked opportunities within commercial properties, showcasing a comprehensive site tour of our latest project— a transformative conversion from commercial space to residential living. With a keen eye for detail and years of industry experience, Ranjan unveils […]

Propertymark unveils its housing plan for the next London mayor

2nd May 2024

London’s next mayor will face huge pressure to address the capital’s housing crisis, according to Propertymark. Today, voters will cast their votes for the next mayor and 25 Assembly members in a city with a population of more than nine million, and the highest house prices and rents in the country. The organisation says the […]

TMW expands BTL options for limited company landlords

2nd May 2024

The Mortgage Works (TMW) has announced changes to its buy to let mortgage criteria for limited company landlords. The move allows limited companies to purchase a property currently owned and lived in by one of its directors, with the intention of using it as a BTL investment. This process mirrors the let to buy transactions […]

Property Investors Awards – Property Trader of the Year

2nd May 2024

Pioneers in fast property buying, Property Solvers has emerged as a trailblazer in the property world. Led by Ruban Selvanayagam and James Durr, Property Solvers has secured the title of 2023 Property Trader of the Year at the Property Investors Awards. Starting out as buy-to-let investors James and Ruban moved into trading and build-to-sell developments […]

UK house price growth slows down – Nationwide

1st May 2024

UK house prices saw a slowdown in annual growth in April of just 0.6%, down from 1.6% in March, Nationwide reveals. It also says that the month-on-month price fell 0.4% from March to April. The slowdown in house prices is down to affordability issues, including long-term interest rates rising in recent months. House prices are […]

Picture of William Reeves from Goodlord

Year-on-year rents rise by 5.7% – voids remain stable

1st May 2024

Rents continued their upward trajectory in April, with the latest figures from Goodlord showing a year-on-year increase of nearly 6% in England. The average monthly rent now stands at £1,166, marking a £63 rise compared to April 2023. Renters in the South West saw the most significant year-on-year change, with rents jumping by 11%, while […]

Property expert outdoors discussing rising UK rent prices

Nearly half of all advertised rental homes are unavailable for immediate occupation

1st May 2024

There’s a critical shortage of homes to rent across England, with less than half of those advertised being ready for tenants to move into, research reveals. The findings from Zero Deposit highlight the imbalance between supply and demand and the urgent need for more landlords in the private rented sector (PRS). The firm analysed nearly […]

professional portrait of a young man in a suit representing tenant advocacy in the Renters’ Rights Bill debate

Generation Rent urges Lords to deliver stronger tenant protection from eviction

1st May 2024

Last year saw the highest number of households being evicted due to Section 21 ‘no-fault’ evictions since data collection began in 2018, Generation Rent says. It is pointing at new government figures for England and says that when the House of Lords debate the Renters (Reform) Bill, protection for tenants from eviction must be strengthened. […]

Property expert discussing landlord sentiment after stamp duty increase

London leads rental market growth as availability rises across England

1st May 2024

There has been a significant rise in rental property availability across England, with a 12.1% year-on-year increase compared to the first quarter of 2023, research reveals. The data from letting agents Benham and Reeves show that London witnessed the most significant boost, with Greater London experiencing a 34.7% jump in rental property availability. The firm […]

North vs South: Where can investors get more bedrooms for the money?

1st May 2024

New research has revealed huge differences in property sizes across major UK cities for the average house price, offering valuable insights for investors. Analysing more than 3,200 properties, Mojo Mortgages found the most common property for the national average price (£261,142) is a 2.18-bedroom semi-detached house with 1.26 bathrooms. However, there are stark regional variations […]

Permitted Development vs. Planning Permission: Which is right for you?

30th April 2024

Join Ranjan Bhattacharya, John Howard and Liana Wall as they delve into the pros and cons of both approaches, exploring the intricacies of permitted development rights and the traditional planning permission process. From speed and cost considerations to limitations and potential pitfalls, the team provide you with a comprehensive analysis to help you determine the […]

Southern England loses BTL dominance as Stamp Duty takes its toll

30th April 2024

The buy to let market in Southern England has hit a significant milestone, with the proportion of investment properties purchased in the region reaching a record low in 2023, Paragon Bank reveals. It says the trend is down to the Stamp Duty surcharge being introduced for additional properties in 2016. Paragon’s research reveals that only […]

50,000 rented homes needed to help ease shortage

30th April 2024

The UK’s rental market continues to face a significant supply shortage, and despite recent signs of improvement 50,000 homes are needed to bring supply back to pre-pandemic levels, Rightmove says. While average advertised rents have hit record highs, the pace of rent growth is slowing down, offering some relief to affordability-strained tenants. According to the […]

Half of tenants don’t know their rights when facing problems – survey

30th April 2024

Nearly half of all private renters in the UK would be lost if they faced problems with their landlord or letting agent, according to a survey. The findings from the TDS Charitable Foundation, which polled more than 2,000 renters, found that 50% were unsure where to turn for assistance if their landlord or agent failed […]

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How Property Management Software Brings Zen to Tenants Management

29th April 2024

For landlords and property managers, juggling tenant communication, rent collection, and property maintenance can feel like a constant juggling act. Lendlord software steps in as a comprehensive solution, offering a suite of tools designed to streamline every aspect of property management. This article explores how Lendlord empowers users to efficiently manage their tenancies, track finances […]

Jacob Young MP addresses NRLA members on Renters (Reform) Bill

29th April 2024

The Housing Minister tells NRLA that ‘stay put’ instructions by local authorities until bailiffs arrive, is completely unacceptable. Jacob Young MP addressed NRLA members in a webinar after the Renters (Reform) Bill passed its final stage in the House of Commons. Mr Young also covered licensing and the abolition of Section 21 in the 45-minute […]

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UK’s housing market booms as prices stabilise

29th April 2024

The UK’s housing market is experiencing a sales boom with a 12% increase in agreed sales compared to last year, according to Zoopla’s research. The property platform says this surge is down to more homes being available for sale and renewed buyer confidence. While house price growth remains flat (they are down slightly at -0.2%), […]

How to remove tenant who is subletting the property?

29th April 2024

Hi, I have a tenant who has sublet my property without my knowledge or consent. Although I have not visited the property, I have a good relationship with them and speak to them regularly as they have been a tenant for 5 years. I have given them three opportunities to ‘come clean’ but to date […]

Shelter: Convert empty homes to social rent housing

29th April 2024

Shelter is calling for empty homes to be converted into social rent homes to help solve the housing crisis. According to the housing charity, there are 261,000 empty homes in England. The charity is urging the government to build 90,000 new social rent homes per year across England. Turning empty homes into social rent spaces […]

Property expert discussing landlord sentiment after stamp duty increase

London has few tenanted properties for buy to let investors

29th April 2024

Finding a buy to let property with a tenant already in place can be a challenge for investors in London, according to new research. Lettings and estate agents Benham and Reeves reveal that just 2% of currently listed rental properties in the capital boast of having a tenant in situ. While rental yield is a […]

Flats lead growth in UK property prices

29th April 2024

UK property prices have increased by 1.9% over the last year, according to new research by Halifax. The findings reveal demand among buyers for smaller homes helped to drive growth in UK property prices. According to Halifax, the average price for flats rose by +2.7%, while terraced houses rose by 2.6%. Scotland saw the strongest […]