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UK rents reach the highest level on record – ONS

17th April 2024

Renting costs in the UK continue to grow with average rents jumping by 9.2% in the year to March – the steepest annual rise since data collection began in 2015. The figures from the Office for National Statistics (ONS) follow previous rent rises, with February’s data showing an annual rise of 9%. It adds that […]

Illustration of houses with the word eviction, symbolising Section 21 rental evictions

Section 21 with no lease – Help!

17th April 2024

Hi, I bought my first buy to let house in 2012 with a tenant in situ, and being naive and inexperienced, I never thought to issue a lease as my solicitor at the time arranged with the selling agent to have the rent payments paid directly into my bank account. Now, all these years later, […]

Landlords press on with EPC upgrades despite shelved regulations

17th April 2024

Despite the government abandoning proposals for minimum energy efficiency standards (MEES), a significant number of landlords are still investing in making their properties greener. Paragon Bank’s research found that 37% of portfolio landlords are actively upgrading their properties to achieve an Energy Performance Certificate (EPC) rating of C or above. This comes after the government […]

Breaking Barriers: Rising Female Voices In The Property Sector

17th April 2024

A lawyer turned landlord to a successful blogger and podcaster Suzanne Smith, isn’t afraid of voicing her opinions. Suzanne became a landlord later in life but has since become a leading voice in the industry. She talks to Property118 about her journey as a landlord, women in the property sector, and EPC’s. Property is in […]

Welsh flag featuring the red dragon symbol of national identity

Welsh Government considers abolishing LTT Multiple Dwellings Relief

17th April 2024

Landlords in Wales need to know about a Welsh Government consultation for the public to give its views on changes to the Land Transaction Tax (LTT). The consultation focuses on two main proposals: abolishing relief for purchases of multiple dwellings and extending existing relief to local authorities when buying property for social housing. The government […]

Property expert discussing rising UK rent arrears and landlord challenges

Rent arrears up amid cost-of-living crisis for tenants

17th April 2024

Average rent arrears claims have reached a record high, placing a growing strain on both tenants and landlords, data reveals. Alternative deposit provider Reposit analysed the figures between January 2021 and March this year and found that the average arrears claim was £1,816 in the first quarter. That’s a 27% increase on the same period […]

Pic of Robin Hood auditor nottingham selective licensing property118

Council unveils its first housing check in EIGHT years – despite demanding private landlords do them every four months

17th April 2024

Despite hammering landlords with punitive fines for minor transgressions of selective licensing rules, one council has admitted that its own housing stock hasn’t been inspected for EIGHT years. Private landlords must under the city’s selective licensing rules adhere to strict standards and inspect properties every four months – under 2018 rules. The Nottingham Post says […]

Spring sees surge in London renters – but rents predicted to rise again

17th April 2024

London’s rental market is showing signs of a busy spring with a 10% rise in tenants signing agreements in March compared to February, according to estate agent Chestertons. This surge comes after February saw a rise in rent reductions by landlords, which seems to have attracted new tenants and encouraged existing ones to renew their […]

Home with energy rating label illustrating need for efficiency upgrades in PRS properties

Encourage landlords to offer energy-efficient homes with tax breaks – MPs

17th April 2024

The government is being urged to provide tax relief to private landlords who improve their rented property’s energy efficiency to reduce energy bills. The call is being made by MPs of the Conservative Environment Network (CEN) who say the move will also reduce the UK’s reliance on imported gas, the Daily Mail reports. This comes […]

Exclusive event: Landlords – How to survive and thrive in 2024

17th April 2024

Stay ahead of the game in 2024 with the ultimate training day for landlords! Join industry expert Paul Shamplina and the National Landlord Investment Show for an immersive event designed to equip landlords with the tools to survive and thrive on the 5th of June 2024. Featuring a lineup of guests with more than 20 […]

Protestors gather outside Michael Gove’s home to demand an end to Section 21

16th April 2024

The London Renters Union has been slammed as a ‘rabble rousing group’ by the NRLA’s chief executive Ben Beadle after it protested outside the home of housing secretary Michael Gove. On X/Twitter, the Union said: “We’re outside of Gove’s front door serving him a GIANT EVICTION NOTICE! “Gove has shown more interest in protecting landlord […]

Pic of tenant eviction notice from landlord property118

Section 21 notice – Correct documentation to use?

16th April 2024

Hello, I am a landlord with two AST’s, one that started in 2011 and another in 2013. Although these were let via a commercial letting agent, I do not appear to have the relevant documentation to issue a section 21. Many of the requirements came into force after these dates. However they were not issued […]

Tenants false cash rent payment claim?

16th April 2024

Hello, I am currently going through the tenant eviction process and have received the court order for tenants to vacant the property. The tenants have now appealed against the eviction order falsely claiming all the rents are paid, up to date and there is nothing outstanding. Essentially they are falsely claiming the they have paid […]

Landlord stressed over paperwork and new rental legislation at his desk

Letting agent and credits checks?

16th April 2024

Hi all, has anyone ever found themselves in a situtation where a letting agent assured you that everything was in order with a tenant’s credit check, only to discover later that it wasn’t accurate? I recently came across this situation where an agent carried out a check and said all was fine with the tenant’s […]

How to find a property deal?

16th April 2024

Welcome to Property Answers, your go-to source for staying on top of your property game! In this episode, Liana Wall is joined by industry experts Ranjan Bhattacharya and John Howard to uncover tried-and-tested strategies, insider tips, and expert advice on navigating the competitive world of property. This video is packed with invaluable insights that will […]

Scotland’s housing crisis: ‘Anti-landlord legislation’ deters developers

16th April 2024

Scotland’s housing sector is in crisis as developers are being deterred by what they term as ‘anti-landlord legislation’ and are opting to build in England instead, The Times reports. The shift could result in Scotland missing out on the construction of thousands of new homes. Jonathon Ivory, the chief investment officer at Packaged Living, told […]

Colourful fishing boats moored in a Cornish harbour surrounded by stone cottages and green hills.

Cornwall tops UK holiday lets profit chart

16th April 2024

Cornwall has emerged as the undisputed champion of UK holiday rentals, according to a study. The findings from Wealth of Geeks found that a Cornish seaside haven raked in a staggering £40 million during last year’s summer season to be crowned as the most lucrative holiday rental market. The study analysed booking data from Airbnb, […]

landlords warned about the growing of cannabis in their rented properties

Cannabis growing turns rented house into a fire hazard

16th April 2024

Landlords are being urged to increase vigilance after police in one county discovered a cannabis growing operation in a rented property, causing significant damage. Officers raided the house in Sutton-in-Ashfield, Nottinghamshire, following a tip-off and found 143 cannabis plants crammed into several rooms. The property had been converted into a makeshift drug factory within a […]

Campaigners criticise five-year wait for Section 21 ‘no-fault’ evictions ban

15th April 2024

Five years after the government vowed to abolish Section 21 ‘no-fault’ evictions, campaigners say that ‘tens of thousands’ of households continue to face the threat of homelessness due to the policy. The Conservative government first announced plans to outlaw Section 21 evictions in 2019. However, a new analysis by homeless charity Homeless Link reveals that […]

Pic of old houses for HMO property118.com

HMO demand and the future?

15th April 2024

Hi, it seems so many investors are moving towards HMO investment. What is the future of the HMOs? Will these properties still be in demand or is it too much of a risky market now? The evaluation of HMOs are very difficult and even the local agents do not help. When I was buying my […]

RTM company that did not take over?

15th April 2024

Hi, my apartment block has a right to manage company set up with dormant accounts filed each year but we have never taken over. The company is ‘live’ and we are all shareholders. I’m at my wits end with the management – ‘he’ works for the freeholder (who happens to be a billionaire and on […]