Page 238 – Property118
Property expert discussing landlord sentiment after stamp duty increase

Londoners shoulder most of the UK’s £3.6 billion stamp duty burden

19th April 2024

Londoners are feeling the squeeze of Stamp Duty Land Tax the most as they fork out 40.7% of the national total, research reveals. According to a study by Benham and Reeves, over the past year, an estimated £3.657 billion has been paid in stamp duty across England. And a whopping £1.49 billion of that coming […]

More than half of landlords view buy-to-let properties as a 'pension' property118.com

What’s best for your retirement, BTL or pension?

19th April 2024

Hello, buy to let was seen as the ideal ‘pension’ investment for those who didn’t have the luxury of a gold-plated public sector or final salary pension. But with landlords now struggling to make a profit, and actually losing money on their BTL investments [despite record rents], many thousands have already exited the PRS, and […]

One million renters handed section 21 notices since 2019 – Shelter

18th April 2024

Homelessness charity Shelter claims that since the government unveiled plans in 2019 to abolish Section 21 ‘no-fault’ evictions, nearly one million tenants have been evicted under the process. It also warns that any further delay in banning Section 21 will see more renters being ‘tipped into homelessness’. The charity’s survey also found that the moving […]

Hand signing an eviction notice related to Section 21 concerns

Could adding a reason for eviction change landlords’ image?

18th April 2024

Whilst reading about how long it’s taken to reform Section 21 evictions, it occurred to me that if five years ago a “Reason for Eviction” field had been added to the application, we might actually have been able to demonstrate that there were legitimate business reasons why landlords took that route, rather than being perceived […]

New ‘Good Landlording’ podcast – out now

18th April 2024

A new podcast has been launched to help landlords stay up to date with what’s happening in our industry. It’s different from other property podcasts in that it is more focused on practical tips to help landlords start, grow and thrive as property investors. This includes legal advice, first hand experiences and where to go […]

Debunking the ‘Abolish Landlords’ Narrative: A Landlord’s Perspective

18th April 2024

In this video, Ranjan Bhattacharya delves into the controversial topic of abolishing landlords from the perspective of someone who owns rental properties. As discussions around housing inequality and tenant rights continue to evolve, the call to abolish landlords altogether has gained traction. However, as landlords, we believe there are important nuances and misconceptions that need […]

Sam Carter SJC

Property Investors Awards – Commercial Development of the Year

18th April 2024

A grade II listed church transformed into two modern apartments by SJC Property Developments highlights their approach to property that can seamlessly blend historical preservation with contemporary living. With more than 40 years of experience, SJC has established itself as one of the leading players in the industry. The firm is now the winner of […]

professional headshot of a man representing commentary on UK tenants facing upfront rent pressures

Tenants in England and Wales are staying put for longer – DPS

18th April 2024

The last four years have seen a big jump in tenancy lengths in England and Wales as tenants are staying for 218 days longer. That’s according to research from the Deposit Protection Service (DPS) which says renters are now staying in their properties for an average of 924 days – or more than two and […]

Struggling landlords are selling up to avoid insolvency

18th April 2024

A surge in buy to let landlords exiting the private rented sector (PRS) is being fuelled by an increase in receiver appointments, one leading auctioneer says. Landwood Group says it has seen a 150% increase in receiver appointments for BTL portfolios in the past six months. And there’s an increase in BTL landlords heading to […]

Property expert outdoors discussing rising UK rent prices

Rent rises outpace earnings to hit tenant affordability

18th April 2024

Over the past 10 years, the cost of rent has significantly outpaced wage growth, leaving many tenants struggling to afford their homes, research reveals. Zero Deposit has analysed rent prices and average salaries in England between 2014 and 2023. It found that rents have rocketed by 34%, while salaries have only increased by 28.8%. This, […]

Section 21 date error?

18th April 2024

Hi, on my behalf my management agent issued a section 21 notice. The notice was dated 01/11/2023 with a date to vacate the property of 05/01/2023, this of course should have been 05/01/2024. The notice was sent by email 01/11/2023 and also posted. The tenant acknowledged the receipt of the section 21 notice by email […]

landlord news uk rents rise property118.com

UK rents reach the highest level on record – ONS

17th April 2024

Renting costs in the UK continue to grow with average rents jumping by 9.2% in the year to March – the steepest annual rise since data collection began in 2015. The figures from the Office for National Statistics (ONS) follow previous rent rises, with February’s data showing an annual rise of 9%. It adds that […]

Illustration of houses with the word eviction, symbolising Section 21 rental evictions

Section 21 with no lease – Help!

17th April 2024

Hi, I bought my first buy to let house in 2012 with a tenant in situ, and being naive and inexperienced, I never thought to issue a lease as my solicitor at the time arranged with the selling agent to have the rent payments paid directly into my bank account. Now, all these years later, […]

Landlords press on with EPC upgrades despite shelved regulations

17th April 2024

Despite the government abandoning proposals for minimum energy efficiency standards (MEES), a significant number of landlords are still investing in making their properties greener. Paragon Bank’s research found that 37% of portfolio landlords are actively upgrading their properties to achieve an Energy Performance Certificate (EPC) rating of C or above. This comes after the government […]

Breaking Barriers: Rising Female Voices In The Property Sector

17th April 2024

A lawyer turned landlord to a successful blogger and podcaster Suzanne Smith, isn’t afraid of voicing her opinions. Suzanne became a landlord later in life but has since become a leading voice in the industry. She talks to Property118 about her journey as a landlord, women in the property sector, and EPC’s. Property is in […]

Welsh flag featuring the red dragon symbol of national identity

Welsh Government considers abolishing LTT Multiple Dwellings Relief

17th April 2024

Landlords in Wales need to know about a Welsh Government consultation for the public to give its views on changes to the Land Transaction Tax (LTT). The consultation focuses on two main proposals: abolishing relief for purchases of multiple dwellings and extending existing relief to local authorities when buying property for social housing. The government […]

Property expert discussing rising UK rent arrears and landlord challenges

Rent arrears up amid cost-of-living crisis for tenants

17th April 2024

Average rent arrears claims have reached a record high, placing a growing strain on both tenants and landlords, data reveals. Alternative deposit provider Reposit analysed the figures between January 2021 and March this year and found that the average arrears claim was £1,816 in the first quarter. That’s a 27% increase on the same period […]

Pic of Robin Hood auditor nottingham selective licensing property118

Council unveils its first housing check in EIGHT years – despite demanding private landlords do them every four months

17th April 2024

Despite hammering landlords with punitive fines for minor transgressions of selective licensing rules, one council has admitted that its own housing stock hasn’t been inspected for EIGHT years. Private landlords must under the city’s selective licensing rules adhere to strict standards and inspect properties every four months – under 2018 rules. The Nottingham Post says […]

Spring sees surge in London renters – but rents predicted to rise again

17th April 2024

London’s rental market is showing signs of a busy spring with a 10% rise in tenants signing agreements in March compared to February, according to estate agent Chestertons. This surge comes after February saw a rise in rent reductions by landlords, which seems to have attracted new tenants and encouraged existing ones to renew their […]

Home with energy rating label illustrating need for efficiency upgrades in PRS properties

Encourage landlords to offer energy-efficient homes with tax breaks – MPs

17th April 2024

The government is being urged to provide tax relief to private landlords who improve their rented property’s energy efficiency to reduce energy bills. The call is being made by MPs of the Conservative Environment Network (CEN) who say the move will also reduce the UK’s reliance on imported gas, the Daily Mail reports. This comes […]