Page 225 – Property118

Council leaders call for longer eviction notice periods to prevent homelessness

1st March 2024

Council leaders from across the political spectrum have asked the housing secretary, Michael Gove, to support an amendment to the Renters (Reform) Bill that would give tenants more time to find a new home if they are evicted. Sky News says it has obtained a letter, signed by 103 local authority leaders, including the leader […]

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Angela Rayner: The hypocrite who needs to come clean

1st March 2024

Well, well, well, if it isn’t my old friend, the Ashton-under-Lyne foghorn Angela Rayner making headlines this week and turning uncharacteristically shy about her antics. Angela is the deputy leader of the Labour Party and the shadow housing secretary. She is also a former council house tenant who bought her home under the right-to-buy scheme […]

Lack of building control sign-off for attic used as holiday let?

1st March 2024

Hi, I am meant to have exchanged this week on a property which has had the attic converted to a holiday let (1 bedroom, Kitchen, Bathroom and Sitting Room) in either 1999 or 2000. It has been rented ever since and has separate council tax, a separate entrance and separate utilities so would count as […]

Professional portrait of a business executive representing Foundation Home Loans’ Buy to Let relaunch.

Foundation Home Loans launches new HMO products

1st March 2024

Foundation Home Loans, the specialist lender for intermediaries, has unveiled two new products for HMO landlords with fee assistance. The products are part of its buy to let brand, Buy to Let by Foundation. They have a 1.25% fee, no application fee and a free standard valuation and offer up to 75% LTV, with a […]

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Housing market rebounds in February as prices rise by 1.2%

1st March 2024

The UK’s housing market showed further signs of recovery in February, as house prices increased by 1.2% year-on-year, according to Nationwide. This was the first positive annual change since January 2023, when prices fell by 0.2%. On a monthly basis, prices rose by 0.7% last month, after adjusting for seasonal factors. House price rise is […]

Council buys and renovates homes for homeless families

1st March 2024

Homeless families in one Welsh area will benefit from a new housing scheme launched by the local council, which has bought and renovated 17 properties with the help of Welsh Government funding. Caerphilly County Borough Council has used the Transitional Accommodation Capital Programme, an initiative to address and prevent homelessness, to buy and refurbish 17 […]

Business leader discussing UK property market outlook amid Budget uncertainty

Landlord mortgage arrears soar by 93% in a year

1st March 2024

More landlords are struggling to pay their mortgages than ever before, new data reveals. Octane Capital, a specialist property lender, has analysed data from UK Finance which shows that 13,570 landlords fell behind on their mortgage payments in the last quarter of 2023. That’s a shocking 93% rise from the first quarter of the same […]

New standards for social housing landlords unveiled

1st March 2024

Social housing landlords will have to follow new standards from April, the Regulator of Social Housing (RSH) has announced. The new standards are part of the Social Housing Regulation Act, a landmark law that aims to improve the lives of social housing tenants. The standards will cover tenant safety, complaint handling, accountability, fairness, respect, home […]

Shelter warns of worsening crisis as rough sleeping figures reach alarming levels

1st March 2024

The number of people sleeping rough in England has more than doubled since 2010, according to new research. Data from the government reveals the number of rough sleepers has increased by more than 120% since 2010. In 2023, 3,898 people were recorded sleeping rough on a given night, a 27% increase in one year. Spiralling […]

property prices, rents,

Rightmove demands government action on landlord incentives and stamp duty reform

1st March 2024

Rightmove is calling for a range of policy measures to be introduced ahead of the Spring Budget. The website says more green target incentives to help landlords improve their properties is a key issue that needs to be addressed. Rightmove is also urging the government to support people moving home by reforming stamp duty. More […]

Starmer backs ‘landlady’ Angela Rayner over council house row

29th February 2024

Labour leader Sir Keir Starmer has publicly backed his deputy Angela Rayner, who is facing scrutiny over the sale of her former council house and the tax implications. Ms Rayner, who bought the property under Margaret Thatcher’s right to buy scheme, sold it in 2015 and has been accused of not paying the appropriate capital […]

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UK’s housing market shows resilience as sales surge

29th February 2024

The UK’s housing market has demonstrated remarkable resilience, defying price trends and continuing its upward trajectory, one house price index reveals. Property website Zoopla says it is forecasting a substantial 10% surge in total home sales this year, reaching 1.1 million transactions compared to the 1 million recorded in 2023. Its latest House Price Index […]

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Expert warns of landlord exodus amid Section 21 ban

29th February 2024

The government’s lack of solutions to resolve the rental crisis has led to a landlord exodus, according to one expert. Gina Peters, head of landlord and tenant at Dutton Gregory Solicitors, says Michael Gove’s commitment to ban Section 21 ‘no-fault’ evictions before the next election has intensified landlord concerns. Ms Peters emphasises the upcoming budget […]

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Government bows to MPs and ‘waters down’ the Renters (Reform) Bill

29th February 2024

The government is proposing changes to the Renters (Reform) Bill in a bid to head off a backbench rebellion of its MPS, the BBC reports. The Bill, which will see Section 21 ‘no-fault’ evictions abolished, could see a major makeover. According to the BBC, ministers have been consulting with Conservative MPs who are critical of […]

England sees £141bn drop in home sales value

29th February 2024

The total value of homes sold in England plunged by 48% in 2023, from £295.7bn in 2022 to £154.7bn in 2023, a new report reveals. The research from eXp UK, the platform for personal estate agents, found a £141bn difference in the amount of money being spent on property. The findings, based on the latest […]

Building 90,000 social homes could add £51.2bn to the economy – report

29th February 2024

New research suggests that building 90,000 social homes every year could significantly benefit the UK economy – by up to £51.2bn. A report by the Centre for Economics and Business Research (CEBR) that was commissioned by Shelter and the National Housing Federation (NHF), argues the investment would not only address the housing crisis but also […]

Scottish government under fire as housing crisis deepens

29th February 2024

A housing charity has accused the Scottish government of “gaslighting” the Scottish public on social housing. Shelter Scotland has claimed the “gaslighting” refers to the Scottish government breaking rules relating to duties towards homeless households and misleading the public on figures related to social housing. The row comes after a vote was passed on the […]

landlord question water leak property118.com

Shower leak from flat above?

29th February 2024

Hi, there is water coming from the ceiling of the shower in our flat, which we believe is from the flat above as the showers are aligned. We have been in contact with our agents who are also agents for the flat above. They were told that said tenant/owner had it inspected by their own […]

Council threatens hefty fines as landlords struggle with faulty licensing system

28th February 2024

Nottingham City Council has produced a video to help landlords learn how to complete its selective licensing application process – despite the website being faulty. The council is now threatening landlords who fail to complete their licence application on time with a whopping £1,233 fine. One landlord previously told Property118 that applying for a selective […]

‘Landlady’ Angela Rayner’s former council house mystery deepens

28th February 2024

Neighbours at Angela Rayner’s former council house have claimed that the Labour shadow housing secretary was its ‘landlady’ – and they only remember seeing her once, the Daily Mail reports. That was during a heated dispute involving a football and a broken window. Neighbours say they only saw Ms Rayner’s brother at the property as […]