The latest RICS UK residential survey reveals a mixed picture for the UK housing market with the sales market showing tentative signs of recovery – while the lettings market is cooling down. It says that tenant demand is losing momentum, with respondents reporting a drop in new instructions from landlords. This lack of supply, coupled […]

Hi, I’m seeking advice on how to sell a house that currently has tenants. Last summer, I attempted to sell a property while it was still occupied by tenants on a rolling contract. Despite assuring them that we would provide plenty of notice and help them find alternative accommodation before finalising the sale, the tenant […]

A mortgage lender group is calling for a long-term housing minister to help provide stability to the housing market. The OSB group says affordability will remain a challenge for many prospective homes. In a new report, the lender group also reveals landlords plan to grow their portfolios. Merry-go-round of housing ministers Adrian Moloney, group intermediary […]

The UK’s renters are facing rents climbing at an alarming rate this year after they rose by 1.6% in just one month, marking the fourth consecutive rise, data reveals. The latest HomeLet rental index shows the average tenant is now paying an extra £21 per month compared to last month. However, the situation is even […]

Scotland’s rental market appears to be reaching a turning point as rent growth begins to slow down in major cities like Glasgow, which saw a record 3.5% annual increase. A report from Citylets highlights that the news coincides with the introduction of a new Housing (Scotland) Bill in the Scottish Parliament that proposes stricter rent […]

Hi, I’ve been really affected by s24 and mortgage rates and so need to replace income. I have an attached garage to my home and would like to turn it into Airbnb accommodation. I live near a major airport so the potential seems promising. I know it will need building regs but there are so […]

The good news for renters in the prime areas of London is that rocketing rent increases are finally easing up, one rental index reveals. According to Knight Frank, rent growth in prime London postcodes has narrowed to levels that haven’t been since seen the summer of 2021. However, the index also highlights that there are […]

Hi my ground floor flat recently experienced flooding due to a blockage in the main drainage pipe, causing wastewater to overflow into the kitchen area and sink without any appliance use. The management company sent a contractor who tested and said the main damage pipe is clear (simply by running dye through) and refuses to […]

Despite a big drop in inflation, fewer areas in the UK are experiencing house price growth that outpaces inflation, research reveals. An analysis by Octane Capital highlights that 56 local authorities saw inflation-busting house price growth over the past year, down from 75 the previous year. The UK’s inflation rate has fallen dramatically, going from […]

For landlords and tenants alike, a tenancy agreement is the cornerstone of a smooth and secure rental experience. It outlines the rights and responsibilities of both parties, ensuring everyone is on the same page from the get-go. Why is a Tenancy Agreement Important? Imagine this: you rent out your property, and the tenant stops paying […]

The Resenters Reform Bill and years of bureaucratic fiasco appear testament to the performance of failed government policy over decades resulting in too much demand for homes. Changing millions of existing tenancy contracts is a dumb and unfair solution to an obvious problem. According to Shelter, around 1 in 1000 tenancies result in a bailiff […]

Hi. I would like my tenant to leave at the end of their fixed term agreement due to a number of negative reasons like damage to the property and keeping a dog without permission. To save serving S21 can I ask my tenant if he is leaving and wait for his written notice. If they […]

UK house prices edged up slightly in April, following a period of volatility earlier this year, the latest figures from Halifax reveal. It says prices rose 0.1% after a 0.9% drop in March. However, annual house price growth remains subdued at 1.1%, although this is an improvement from 0.4% in March. Halifax says this is […]

Letting agents are woefully underprepared for the impending shift to periodic tenancies under the Renters (Reform) Bill, according to a new survey by Goodlord. Despite the significant changes the legislation will bring, just 2% of agencies have started to adapt their tenancy structures. The snap survey of 129 agents revealed a worrying lack of action, […]

Flat owners in England and Wales are facing a significant financial burden as service charges continue to climb, a report by Hamptons reveals. It says that the average annual service charge for flats has surged by 8.4% to £2,247, with the number of flats enjoying charges below £1,000 rapidly dwindling. This dramatic increase is attributed […]

Ongoing legislative uncertainty and high rents are causing demand to decrease, according to one industry body. Propertymark’s Housing Insight report reveals tenant demand decreased in March this year compared to last year. However, the demand and supply imbalance still remains, presenting challenges for landlords and tenants. Legislative uncertainty According to Propertymark’s Housing Insight report, tenant […]

Property firm Savills has revised its five-year UK house price forecast, predicting a 2.5% increase this year, up from the -3% predicted in November 2023. The firm says that by the end of 2028, house prices are expected to have grown by 21.6%, exceeding the previous forecast of 17.9%. The improved forecast comes despite short-term […]

Scottish landlords are throwing in the towel and leaving the sector due to the impact of rent controls – and the prospect of permanent rent rise restrictions, warns one industry body. In a video interview with Property118 which can be viewed below, the Scottish Association of Landlords (SAL) says Scotland is facing a housing crisis […]

I am delighted to be able to share a valuable gift with you this weekend. I am giving this gift to the clients on my database and wanted to also offer it to the subscribers of property 118. Last week I launched my new six-module online HMO 2.0 Home Study programme, for which enrolment closed […]

Landlords in England say they are worried about the potential impact of the Renters (Reform) Bill on allowing tenants to request permission to keep pets in their home. The findings from property services firm Leaders Romans Group (LRG) reveal that 56% of landlords anticipate negative consequences. While the Bill will see section 21 ‘no-fault’ evictions […]

As we enter into May, finally landlords have been met with some welcome news. It comes ahead of concerns in recent weeks that landlords could be facing “Armageddon” amidst a housing crisis, coupled with delays taking landlords up to two years to sell. But portfolio landlords have started to get clever about selling strategies and […]