Page 222 – Property118
Business professional in suit representing Aldermore mortgage update

Bristol tops the list of best cities for buy to let investors

27th February 2024

Bristol has emerged as the most desirable city for landlords to invest in for 2024, according to Aldermore’s Buy to Let City Tracker. The tracker ranks 50 UK cities based on five key factors that affect the attractiveness of buy to let properties. The factors are average total rent, short-term yield, long-term house price growth, […]

tenancy agreement

What to do if tenant has forged tenancy agreement?

27th February 2024

Hello, I have a big issue as I recently discovered the tenant at my address has forged a tenancy agreement. I’m looking at various options and wondering if I can evict using a Section 8 notice, if so what ground can I use? I’d like to add that the tenant is in arrears too but […]

Finance expert warns Budget tax raid could drive landlords from the private rented sector

Buy to let fixed rates lowest since September 2022

27th February 2024

Landlords can benefit from the lowest buy to let fixed rates in 18 months, according to the latest research by Moneyfactscompare.co.uk. The online comparison site found that the average two- and five-year fixed rates for BTL mortgages have dropped month-on-month, reaching their lowest levels since September 2022. Six months ago, these rates were the highest […]

Counter offer sent to tenants but no reply!

27th February 2024

Hi, I rented out my Edwardian flat from 2017 to 2023 with as described in the inventory as ‘heavily aged ‘ windows and one window was ‘‘rotten top right-hand side”) Tenants took on property happily renewed in 2019 and in 2020 complained of a broken window frame to me via WhatsApp as they communicated problems […]

Rayner hits back at ‘hypocrisy’ claims over Right-to-Buy

26th February 2024

Labour deputy leader Angela Rayner has dismissed Tory accusations of hypocrisy over her use of the Right-to-Buy scheme, saying she is proud of owning her former council house. Ms Rayner said she bought her home in Stockport, Greater Manchester, with a 25% discount in 2007, under the policy introduced by Margaret Thatcher in 1980. She […]

mental health renters

Tenant with mental health issues?

26th February 2024

Hello, I have a tenant that has been hospitalised then released and put under a mental health officer for almost 30 months. In that time all rents have not been paid and I’ve taken it to court and won possession of my property back it has cost me in solicitors and losses so far 16k. […]

Clarification on AST with our own son and his friend ?

26th February 2024

Dear landlords, We have a buy-to-let property with two decent-sized bedrooms in London where our son goes to University. He is currently living in the university’s hall of residence but would like to live and share with his friend in our own buy-to-let property from the next academic year onwards. Can we ask the two […]

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

UK house prices defied crash predictions in 2023, new data shows

26th February 2024

Despite predictions of a UK house price crash in 2023, new data shows that prices were resilient. The UK house price index from the estate agents Yopa reveals how the property market fared despite the cost-of-living crisis and higher interest rates. The data shows that the average national price was largely unchanged, with a minor […]

Molo launches expat BTL mortgages for Brits abroad

26th February 2024

Molo Finance has announced the launch of new expat buy to let mortgages for British nationals living overseas. The new products are designed to provide financing for those who live and work in Hong Kong, Singapore, UAE, the European Union and a wide range of other countries and want to invest in the UK property […]

Property expert outdoors discussing rising UK rent prices

Rents could soar by up to 41% by 2030, new study warns

26th February 2024

Renters in England could see rents rising by up to 41% per month by 2030, a new study reveals. Zero Deposit analysed historic rental market data from the Office for National Statistics (ONS) to forecast what the average cost of renting could look like. It found that the average tenant across England is currently paying […]

elderly people, shuttterstock

Rising rental insecurity threatens London’s elderly renters

26th February 2024

London’s ageing population faces eviction risk, warns the Deputy Mayor of London. According to the think-tank Centre for London, by 2030, there are projected to be over 1.4 million people aged over 65 living in London. Speaking at the ARCO (Associated Retirement Community Operators) event Mr Copley said City Hall is looking to support the […]

Matt Hutchinson discussing the government’s second homes policy and housing shortage

Spareroom calls for tax equality for private landlords

26th February 2024

Spareroom is criticising the government for failing to address the underlying issues driving landlords to short-term lets. The government recently announced a crackdown on short-term lets with plans to introduce a national register. However, the flatshare website says many landlords are concerned about the discrepancy in tax incentives between short-term let landlords and residential landlords. […]

UK’s housing crisis made worse by migration – MP

23rd February 2024

A Tory MP has claimed that the UK’s housing crisis is being aggravated by the post-Brexit migration system which sees tenants now paying 40% of their disposable income on rent, The Times reports. Neil O’Brien, who was the levelling-up minister until last year, conducted an analysis that showed Britain had one of the lowest homeownership […]

Woman in red dress smiling while seated in an office chair.

Housing market rebounds as buyers return

23rd February 2024

The UK’s housing market showed signs of recovery in January as lower mortgage rates encouraged more buyers to resume their property search. That’s according to Hamptons, who say that the search is being led by first-time buyers and second-steppers who rely on mortgage finance. Aneisha Beveridge, the firm’s head of research, said: “The early signs […]

Property expert outdoors discussing rising UK rent prices

Renters face financial hardship and food insecurity, survey reveals

23rd February 2024

Only 9% of tenants in the UK say they are financially comfortable, while 59% said they had trouble paying their bills and expenses due to the high cost of living, a survey reveals. The findings from Zero Deposit also found that nearly half (46%) of renters said they had little, or no money left after […]

Section 21 ‘no-fault’ evictions ban sparks landlord ‘uncertainty’, says law firm

23rd February 2024

While Housing Secretary Michael Gove has vowed to end Section 21 ‘no-fault’ evictions before the next General Election, legal experts are warning that his pledge may cause confusion and uncertainty in the housing market. The government plans to ban Section 21 evictions under the Renters (Reform) Bill and require landlords to rely on statutory grounds […]

A park in London

London property beats most investments in 10-year returns, Foxtons says

23rd February 2024

Foxtons has revealed that the capital’s residential property market has delivered one of the best returns over the last 10 years, second only to Bitcoin and gold. The lettings and estate agents compared the performance of London property with nine other common investment choices, ranging from wheat to crude oil, and natural gas to the […]