Page 238 – Property118
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Section 21 issue with a tenant in situ?

10th January 2024

Hello, My tenant has been in the property for a very long time, even before I purchased it in 2006. I have tried to sell the property with them in situ but no takers which I tried for around 6 months. I gave them four months notice to vacate but the council pays most of […]

Property expert outdoors discussing rising UK rent prices

England’s tenant demand hotspots revealed

10th January 2024

Somerset is the most sought-after county for renters in England, according to a new report by Zero Deposit. The firm’s research is based on data from the final quarter of 2023 which shows that 50% of all rental properties in Somerset have already been taken by tenants. That figure makes it the hottest spot in […]

Portrait of a business leader in suit and tie

Scotland’s rent control plans slammed by property expert

10th January 2024

A leading property firm has blasted the Scottish Government’s new rent control plan as costly and ineffective. David Alexander, the chief executive of DJ Alexander, Scotland’s largest lettings and estate agency, said the plan would not help tenants or landlords. The plan will see rent increases being limited when the Cost of Living (Tenant protection) […]

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

Flatshare rents begin to fall as market stabilises

10th January 2024

Flatsharing Londoners have seen their rents drop for the second month in a row, after reaching an all-time high in October, new figures from SpareRoom reveal. The flatshare site’s data shows that the average monthly room rent in the capital was £1,030 in October, the highest ever recorded. It then fell to £1,026 in November […]

Pic of dirty washing up tenant landlord repairs property118.com

Landlords urged to undertake regular inspections as tenants break rules

9th January 2024

A survey has revealed that 83% of landlords in the UK have experienced breaches of their tenancy agreements by their tenants. The research is from Direct Line and the insurance company is now urging landlords to inspect their properties more frequently to avoid potential issues. According to the survey, the most frequent breaches are related […]

Awaab’s Law: Government announces crackdown on unsafe social housing

9th January 2024

The Government has unveiled new plans to crack down on unsafe social housing to protect tenants in support of its pledge to deliver Awaab’s Law. Named after Awaab, a two-year-old boy from Rochdale who died from a respiratory condition caused by extensive mould in the flat where he lived. His death sparked a campaign for […]

The UK’s first Good Landlord Charter unveiled in Greater Manchester

9th January 2024

A consultation on a new scheme to raise the quality of rented homes in Greater Manchester has been unveiled by the Mayor Andy Burnham. The Good Landlord Charter is the UK’s first initiative of its kind, bringing together landlords and tenants to agree on a set of standards for social housing and the private rented […]

Paragon cuts its BTL mortgage rates and relaxes lending criteria

9th January 2024

Paragon Bank has announced a series of changes to its buy to let mortgage products, including rate reductions, term extensions and criteria adjustments. The bank has lowered its five-year fixed-rate buy to let mortgages by up to 0.70%, depending on the property type and energy efficiency rating. Landlords can now secure a five-year fix at […]

heating complaints, property 118

Managing heating allowances and noise disturbances in a lodger agreement?

9th January 2024

Hi folks, on the lodger’s agreement, our lodger’s heating allowance states 5 hours a day. However, our lodger contracted pneumonia a month ago. She is back to work but probably is still on the mend. When she was really ill, we told her to feel free to turn the heating on if she feels unwell. […]

property prices, rents,

Renters face higher rents and fewer choices in 2024, Rightmove warns

9th January 2024

Tenants face the prospect of rents rising even higher this year and the number of homes to rent will continue shrinking, Rightmove says. The UK’s largest property website is predicting that rents will increase by 5% outside London and 3% in the capital by the end of 2024, following a 10% and 6% rise respectively […]

landlords tenants 'no fault' evictions property118.com

Industry body seeks input from landlords over eviction guidance from councils

8th January 2024

It’s an all too common practice for local authorities to tell tenants to stay put when facing eviction. This causes not only complications for the tenant but also the landlord as they deal with the legal costs and uncertainty. Here at Property118, we have done various investigations on this issue and now the NRLA wants […]

Landlord working out service charge demands property118

Management company demanding previous owner’s service charge?

8th January 2024

Hello all, happy new year and I hope you can advise how we should proceed. My son bought his flat and moved in May 2023. As part of the conveyancing process, he paid an apportioned service charge for the period to 31 October 2023. In November, he received his first invoice/service charge demand from the […]

Four property investing strategies for 2024

8th January 2024

Are you ready to kickstart your journey in UK property investment? If so, then Ranjan Bhattacharya’s latest video is for you. Here, he reveals his top four investing strategies tailored specifically for beginner investors in 2024. Whether you’re a first-time buyer or looking to expand your portfolio, these tried-and-tested approaches will set you on the […]

New BTL mortgage options unveiled by Foundation Home Loans and Shawbrook

8th January 2024

Foundation Home Loans has unveiled a new five-year fixed rate buy to let mortgage for both acquisition and refinancing needs. The BTL mortgage has a rate of 5.64% for loans up to a 75% LTV ratio, accompanied by a 1.50% product fee. The mortgage follows December’s repricing which saw rates being reduced by up to […]

Pic of wooden house insurance tenant letting agent landlord property118.com

Subletting insurance wake-up call for landlords

8th January 2024

One of the biggest challenges facing landlords is they simply don’t realise they need subletting insurance. Subletting poses a real threat to landlords, especially if a tenant is subletting without permission. Landlords need to be aware that standard landlord insurance will not cover subletting. At Property118, we’ve teamed up with The Home Insurer who can […]

Modern Scottish Parliament building in Edinburgh with Calton Hill in the background

Scotland unveils transition plan from its rent cap – but will still suppress rents

8th January 2024

The Scottish Government has unveiled a scheme for rent arbitration procedures to help restrict big rent rises when the country’s rent cap ends in March. Propertymark says that Patrick Harvie, the minister for zero carbon buildings, active travel and tenants’ rights, has been in touch about what happens when the government transitions from the Cost […]

NatWest chairman sparks controversy over comments on property market

8th January 2024

Generation Rent slams Natwest chairman for his comments about the property market. Sir Howard Davies told the Radio 4 Today Programme, he “did not think it was difficult to buy a house at the moment”. His comments have raised eyebrows in the industry with Generation Rent asking “what planet does Sir Howard Davies live on”. […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

Will the abolition of Section 21 solve the housing crisis?

5th January 2024

One of the big issues for the ‘housing crisis’ is that so many groups, commentators and tenants welcome the abolition of Section 21 as a panacea. But I have yet to meet a landlord who actually believes that removing section 21 would make things better. I mentioned in a recent column that s21 isn’t a […]

UK house prices rise in 2023 – but are set to fall in 2024

5th January 2024

The UK’s house prices rose by 1.1% in December – the third month of consecutive growth – and showed a surprise annual rise of 1.7%, Halifax reveals. The current average cost of a house is £287,105, which is an increase of £4,800 compared to the previous year, and the highest since last March. According to […]

Landlords see rents soar and voids drop in 2023, index reveals

5th January 2024

Landlords in England saw rents rocket by nearly 9% last year, and several rent records were broken in the summer, one leading rent index reveals. According to Goodlord, rents rose by 8.8% to an average of £1,182 – in 2022, the average rent was £1,086. However, the highest rents were seen from July to September, […]

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

City landlords urged to apply for discounted green home upgrades

5th January 2024

Landlords, renters and homeowners in Leeds living in a property without gas central heating are being urged to apply for free or discounted home improvement upgrades. Leeds City Council’s Home Energy Help team is working with energy services provider Everwarm to help residents benefit from £15.5 million of government funding. The money must be spent […]