Page 210 – Property118

Reading consults on wider HMO licensing scheme

14th June 2024

Reading Borough Council is seeking feedback from landlords on a new licensing scheme designed, it claims, to improve the quality of private rented housing for tenants. The consultation proposes extending the current house in multiple occupation (HMO) licensing scheme to include properties with three or four occupants. Currently, Reading only licenses HMOs with five or […]

How to get 100% funding for all your property deals

14th June 2024

One of the main challenges property investors face is running out of deposit money, which means they have to stop investing. But what if you could get all of your property deals funded without using your own money? I’m excited to share my proven 3-step process that will allow you to secure 100% funding for […]

plaid cymru manifesto

Plaid Cymru unveils plans for rent controls and affordable housing

13th June 2024

Plaid Cymru pledges to bring fairness to the private rented sector by introducing rent controls. The party’s manifesto plans to bring in the Right to Adequate Housing Bill which they claim will help provide safe and affordable homes. Other policies include an ambition to build more social homes and a crackdown on holiday lets. System […]

Will a New Government End Permitted Development?

13th June 2024

In this episode of Property Answers, we dive into the critical question: “Will a New Government Be the End of the Road for Permitted Development?” Join us as we explore the potential policy changes, political implications, and what property developers and homeowners need to know about the future of permitted development rights. Don’t miss out […]

Paragon launches refurb-to-let mortgage

13th June 2024

Landlords wanting to modernise a rented property can now take advantage of new, streamlined mortgage options from Paragon Bank. It has launched a refurb-to-let proposition which offers financing specifically designed for upgrades that don’t require structural changes or planning permission. This solution caters to landlords wanting to improve the overall condition of their properties, including […]

Green Party manifesto vows to end no-fault evictions

13th June 2024

The Green Party claims “renters are having their lives turned upside down by the whim of their landlords”. The Green Party manifesto dubbed “our fair deal for renters” says the party will abolish no-fault evictions to help “tenants stay in a secure home.” Other policies include building 150,000 new social homes every year and introducing […]

PRS is facing ‘a huge mismatch’ between supply and demand – RICS

13th June 2024

Confidence in the UK’s housing market is beginning to fall in the run-up to the General Election with one index highlighting the issues with ‘a huge mismatch’ in the private rented sector (PRS). The survey by RICS shows that tenant demand continues to outstrip supply, leaving them facing rising living costs and plummeting affordability levels. […]

Renters’ Reform Coalition logo representing tenants’ rights and housing reform

Renter groups call on the next government to ‘fix our broken rental system’

13th June 2024

Groups representing renters in England have sent every political party an open letter urging them to address the ‘unprecedented crisis’ facing tenants. They say that renters ‘face constant insecurity’ from the threat of Section 21 ‘no-fault’ evictions and that a quarter of tenants have lived in at least three rented homes in the last five […]

conservative manifesto 2024

Conservative manifesto sparks controversy over housing reforms

12th June 2024

The Conservatives promise to “deliver fairness in the rental market” by abolishing Section 21 and passing the Renters (Reform) Bill. The Conservative manifesto has a wide range of policies which the Tories claim will ensure fairness in the housing system. However, the NRLA have blasted the manifesto saying the policies will do nothing to help […]

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Facing council tax harassment despite tenant payments?

12th June 2024

Hi, as a landlord, I’ve had a flat rented out since October 2023, with the same tenants occupying it since then. The tenants are registered with the council and have set up a direct debit to pay their council tax. However, I’ve been receiving harassment from both Birmingham City Council and the Equita enforcement agency […]

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Overhanging trees higher than a house!

12th June 2024

Hello all. I’m looking for advice on this situation, please. The neighbor of my 3-bed semi, who has lived there for around 40 years, has not maintained the trees in her 120ft garden. In contrast, I invested in fully surrounding close-board fencing in 2007, which is barn-painted and re-done before the 10-year paint guarantee expires. […]

confused

Issue with letting agent?

12th June 2024

Hi, I am a landlord and have given my letting agent notice due to their numerous errors and lack of competence. The notice period is 6 months, but I requested a reduction due to their mistakes, which was denied. I asked the letting agent not to advise my tenant that I was giving my notice […]

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Fire alarm warning after landlord handed suspended prison sentence

12th June 2024

Landlords across the UK are being warned about the serious consequences of failing to meet fire safety regulations in their rental properties. The call comes after a recent court case in Sheffield that saw landlord Zahir Ahmed being handed a suspended prison sentence and community service for fire safety violations at a property he owned. […]

Portrait of a business leader in suit and tie

Edinburgh’s detached homes see huge price rise

12th June 2024

The price of detached homes in Edinburgh has rocketed, with the average rising by nearly £1,500 per week over the past year.  According to DJ Alexander, Scotland’s largest lettings and estate agency, the average price of a detached home in Edinburgh has jumped from £666,814 to £742,304 between April 2023 and March. This represents an […]

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Is my victorian warehouse unmortgageable without a lift?

12th June 2024

Hi, I have a converted Victorian warehouse in London which is six storeys high. The top flats are duplexes entered on the fourth floor (fifth storey). I have decided to retire and sell the block. The top flats are wonderful penthouses with a large terraces. I offered one to market (at a very competitive price […]

House price falls slow but North-South divide widens

12th June 2024

House prices in England and Wales continue to decline, although the pace of decline is slowing with the average house price falling by 0.2% in May to £356,014. According to the e.surv house price index, that’s still 3.3% lower than a year ago. The slowdown comes despite the Bank of England delaying a cut in […]

Landlords will be offered CGT exemption by Conservatives

11th June 2024

The Conservative Party’s manifesto will be published today with a pledge to eliminate capital gains tax (CGT) for landlords, the Daily Telegraph reports. However, the exemption will only be for those landlords who sell their property to a sitting tenant. The initiative will run for two years with the aim of boosting the housing market […]

General Election impact on mortgage rates and house prices

11th June 2024

With the upcoming General Election, questions from landlords and homeowners loom over its potential impact on mortgage rates and property prices. Now an analysis from Zoopla and Mojo Mortgages aims to shed light on the potential answers. While the government does not directly dictate mortgage rates, these are influenced by various factors, including the Bank […]

front page of liberal democrat manifesto

Liberal Democrats unveil housing policy: Abolish Section 21 and reinstate EPC targets

11th June 2024

The Liberal Democrats have promised “to deliver a fair deal for renters” by abolishing Section 21 immediately and reintroducing EPC C targets for rented properties. The party’s manifesto proposes making three-year tenancies the norm and creating a national register of licensed landlords. For social housing, the party promises to protect social housing renters with a […]