Page 215 – Property118
Multiple estate agent boards showing rental properties let in the UK housing market.

Rent rises start to ease – but renters still worry

10th April 2024

Tenants are experiencing some relief as the rate of rent rises slows down significantly, new data from Barclays reveals. The bank says that renters spent just 1.8% more on rent last month than in March last year. It has analysed millions of its customers’ current accounts and found the 1.8% extra being spent on mortgages […]

London’s councils hit landlords with record fines

10th April 2024

Councils in London are tightening their grip on landlords and letting agents who fail to comply with selective licensing rules as fines have already broken through the £10 million barrier this year, research reveals. This surge comes alongside a predicted record number of new licensing schemes aimed at improving tenant rights and housing standards. A […]

Professional woman in office representing landlord compliance and referencing services

Tenant application fraud rockets by 140%

10th April 2024

A sharp rise in rental market competition is fuelling a surge in tenancy application fraud, according to new data.  An analysis by tenant referencing firm Goodlord found a staggering 140% increase in fraudulent applications between 2022 and 2023. The most common tactic involves manipulating payslips, with applicants either inflating their income or altering the source […]

pic of man adding loft insulation as private renters need protecting from eviction if the work is carried out property118

Organisation warns of surge in heating costs for poorly insulated homes

10th April 2024

Poorly insulated homes will cost £340 more to heat from April, according to new research. Data by the Energy and Climate Change Intelligence Unit (ECIU) reveals homes with an EPC rating of F will face the biggest increase with a 50% rise in gas bills. Even homes rated as D will face a 15% hike […]

Real estate Sales manager giving keys to customer after signing rental lease contract of sale purchase agreement, concerning mortgage loan offer for and house insurance.

Renting my property to insurance companies?

10th April 2024

Hi, 18 years ago, we managed to rent our three bedroom, end of terrace property to the council but it left us with a financial burden. The council did the original contract and over the years the price of bills, and market rates all increased except our rental income. We ended up with a huge […]

‘Media frenzy’ fuels distrust between landlords and tenants

10th April 2024

A leading firm of property solicitors is reporting a rise in disputes between landlords and tenants – and points to a ‘media frenzy’ as being partly responsible. Dutton Gregory Solicitors says that media focus on disrepair complaints – particularly over damp and mould – and a lack of government support for the buy to let […]

Green Party MSP speaking at press conference on rent control policies in Scotland

Patrick Harvie defends Scotland’s rent cap against critics

9th April 2024

Scottish Greens co-leader Patrick Harvie has defended Scotland’s rent cap saying that ‘many thousands’ of tenants have been helped and that predictions that landlords would leave the sector were ‘false’. The tenants’ rights minister was speaking at the Scottish Greens conference, and he offered a robust defence of the rent cap. Mr Harvie said his […]

The top 10 BTL hotspots for portfolio landlords revealed

9th April 2024

Manchester’s M14 postcode, which includes Fallowfield, Rusholme, Old Moat and Ladybarn, is the UK’s most popular location for buy to let investors with four or more properties, research reveals. The findings from Paragon show that the area’s proximity to both Manchester and Manchester Metropolitan Universities makes it a prime location for student housing. The lender […]

Declaration of Trust issue?

9th April 2024

Hello, We would like to revoke a Declaration of Trust currently in my husband’s name to reflect the usual 50:50 split as tenant’s in common. The tenants in one of our properties have told us they are going to move away – probably in the summer. With the Renters Reform Bill looming etc we have […]

Verona Frankish, Yopa chief executive, smiling during a professional portrait.

Even with family help, first-time buyers need a £36,000 deposit

9th April 2024

First-time buyers in Britain still face a significant financial hurdle despite receiving help from family when it comes to saving for a deposit, research reveals. The findings from estate agents Yopa found that deposit contributions from the ‘Bank of Mum and Dad and substantial, but still leave buyers needing to save a considerable amount themselves. […]

Property expert outdoors discussing rising UK rent prices

UK rental market heats up after winter lull

9th April 2024

The UK’s private rented sector (PRS) is seeing a surge in tenant demand, with a new report revealing a significant increase across most counties in England.  Zero Deposit analysed rental data and found tenant demand rose by 1.5% in the first quarter of 2024 compared to the previous quarter. This means nearly a third (31.8%) […]

Rent rises to outpace wage growth despite cooling prices

8th April 2024

Despite a recent cooling down in rent price growth, renters are likely to see their housing costs rise faster than their earnings in the coming years, a new report reveals. The think tank Resolution Foundation says average rents could rise by 13% over the next three years, as today’s high market rates work their way […]

Making Tax Digital – Maximum efficiency option?

8th April 2024

As landlords, we are forever accommodating new changes, a major procedural one will be the switch to (Make Tax Digital) MTD – April 2026 for some and April 2027 for the rest. This is widely understood to increase workload? As someone with many years experience of being an IT programmer and systems architect I do […]

Who pays for damaged door after police welfare call?

8th April 2024

Hi, I am a new landlord and the police carried out a welfare call at the property. The police would not share any details with myself. When they forced entry the tenant was inside the property and the case was closed. There is now a damaged door which needs replacing. Do I pay for this […]

Substantial water damage not reported to me by tenant or agent!

8th April 2024

Hi, a recent inspection received from my managing agent revealed substantial water damage to the upstairs bathroom walls and flooring and also damage to the walls and ceiling of the downstairs cloakroom underneath. My builder believes the damage was caused over many months if not years by the tenants being careless when bathing/showering and some […]

landlord news epc costs property118.com

EPC’s are changing – apparently?

8th April 2024

Hi, just read a new article on the NRLA website. This one seems to come out of the blue to me. Never heard of it until now. Is anyone else none the wiser? Not heard about any consultation or anything yet this looks a done deal! Thoughts everyone? EPCs are changing: what does this mean […]

Secrets to Success in Property Development with Immanuel Ezekiel

8th April 2024

Join Ranjan Bhattacharya for a podcast with Immanuel Ezekiel, a seasoned veteran in the world of property development. In this exclusive episode, Immanuel shares his wealth of wisdom and insights on how to thrive as a property developer. From identifying lucrative opportunities to overcoming challenges, Immanuel’s expertise will inspire and empower aspiring developers. Whether you’re […]

Contrast between traditional terraced houses and a large modern social housing block in an English city

Labour’s PRS review nears completion – ‘bold’ solutions promised

8th April 2024

A comprehensive review of the private rented sector (PRS) which was commissioned by Labour, is nearing its conclusion, the website LabourList reveals. The review is expected to be published soon after the local elections on 2 May. In early 2023, Lisa Nandy, the former Shadow Levelling Up and Housing Secretary, entrusted the review to Stephen […]

Red F1 help button on Keyboard

Help – Dwelling Count for Deed of certificate?

8th April 2024

Hello Folks, I am in the process of completing the Leaseholder deed of certificate and I need some help. On question 1 of the qualifying lease criteria, I am confused, about whether additional properties purchased in Limited company should be considered. Here is my situation – 1 Leasehold BTL purchased from builder in 2017 1 […]