Page 240 – Property118

Mechanical heat recovery ventilation damp problem?

2nd January 2024

Does anyone have experience with mechanical heat recovery ventilation units? I have a top floor flat with 2 bedrooms facing north, and a kitchen and sitting room facing south. The outside walls of the bedrooms mainly the north-facing walls suffer from condensation and the humidity level at the moment is reading about 67 which is […]

landlord news uk rents rise property118.com

City’s rents soar as council licensing schemes backfire, landlord claims

2nd January 2024

A landlord who provides homes to hundreds of homeless benefit tenants says council licensing schemes are making rents rocket and forcing people onto the streets. Mick Roberts, Nottingham’s biggest private provider for this group, told the Nottingham Post that he has decades of experience in the sector but blames Nottingham City Council’s licensing schemes for […]

Neil Cobbold discusses impact of Renters’ Rights Bill on letting agents

Industry expert says the Renters (Reform) Bill faces uncertain future

2nd January 2024

The government’s flagship legislation for the private rented sector (PRS), the Renters (Reform) Bill, is still in limbo, with many amendments and challenges ahead, says one industry expert. Neil Cobbold, the managing director of PayProp UK, says the Bill, has faced delays and opposition from various parties and is unlikely to become law before the […]

The places with the highest and lowest house price growth in 2023

2nd January 2024

Huddersfield has emerged as the UK’s house price hotspot in 2023, with an average increase of 8.7%, according to Halifax. The West Yorkshire town saw its average property value rise by £22,137 to £253,301 over the year, defying the national trend of slowing growth. Halifax, which based its findings on its mortgage approval data, said […]

House prices down 1.8% over 2023

29th December 2023

The last Nationwide House Price index for 2023 shows a fall in the market of 1.8% over the last year with the average Uk house price for December at £257,443 However, outperforming the rest of the UK, Northern Ireland was up 4.5% and Scotland up 0.5% last year. Nationwide’s Chief Economist, Robert Gardner, commented: “UK […]

Confidence returns to the UK’s prime housing markets after a turbulent year

29th December 2023

Nearly all prime housing markets in the UK have experienced an easing in price falls over the final quarter of 2023, Savills reveals. This comes after a turbulent year when prime regional house prices fell by just -0.8% in the quarter, an improvement on the -1.5% seen in both Q2 and Q3 2023. This leaves […]

Call to unfreeze LHA immediately to reduce homelessness in London

29th December 2023

A homeless charity is urging the Government to unfreeze the Local Housing Allowance (LHA) rates immediately in a bid to reduce the rising number of homeless people on London’s streets. The Single Homeless Project, the largest charity dedicated to helping Londoners in crisis, wants action to prevent homelessness for up to 17,500 Londoners it says […]

Doormat with “First Time Buyer” beside moving boxes and two people’s feet

TSB targets renters with first-time buyer mortgages

29th December 2023

With many renters in the UK struggling to become homeowners, the TSB has unveiled first-time buyer mortgages to help. The lender has carried out research and found that 35% of non-homeowners had no plans to purchase a property ever, and only 29% hoped to do so within five years. The main barriers for renters buying […]

Brighton and Hove council crackdown on landlords

29th December 2023

Landlords in Brighton and Hove face a £500 fine if they fail to carry out work to improve their properties. Brighton and Hove council will issue ‘improvement notices’ to any landlord in the area whose property does not meet the required standards. The council say the measure is being taken as part of their work […]

2023 Market Update and 2024 Prediction

29th December 2023

2023 was a difficult year for many people, with rising interest rates and falling property prices. Many people expected a property crash which did not happen in fact, prices went up in the last few months of 2023, but what will happen in 2024? In this brand new video, I look at what happened this […]

Property for sale and rent signs outside UK homes highlighting active rental market

Landlords optimistic about PRS performance in 2024

29th December 2023

Three-quarters (74%) of residential buy to let landlords say they are confident about the performance of the private rented sector (PRS) over the next 12 months, a survey reveals. The findings from The Mortgage Lender (TML) also found that 27% of landlords felt very confident about the sector’s future. The survey reveals that landlords who […]

Give yourself a great start to 2024

28th December 2023

As we are about to start 2024, we would like to invite you to a high-value, but no-cost, online Master Class, all about the fastest way to make money from property in 2024. If you already own investment property you really need to watch this training today, to learn how you can significantly increase your […]

Estate agent executive commenting on government housing policies

UK mortgage approvals look set to slump by 24% in 2023

28th December 2023

UK mortgage approvals are expected to decline by 24% in 2023 compared to the previous year, research reveals. According to a study by GetAgent.co.uk, the research analysed monthly mortgage approvals over the past five years and found that between January and October 2023, an average of 47,602 mortgages were approved per month. The annual total […]

pic of bailiff gaining entrance to a rented home to evict property118

Help needed with my unauthorised tenant?

28th December 2023

Hello, I have a situation where I was preparing a property for rent and the builder passed a copy of the keys to the neighbour who was their friend, to allow carpet fitters to attend the property. The neighbour then indicated that their daughter would like to rent the property. I agreed in principal, subject […]

pic of Manchester and its selective landlord licensing scheme property118

City issues more than 1,000 enforcement notices to landlords

28th December 2023

More than 1,000 enforcement notices were handed to landlords under one city’s selective licensing schemes. In three areas where 1,515 private rented properties are licensed, 500 compliance inspections were carried out. In a report to help support an application to expand the number of selective licensing schemes, officers from Manchester City Council carried out compliance […]

Property expert outdoors discussing rising UK rent prices

Abolition of section 21 is the biggest concern of landlords in 2024

28th December 2023

A new survey reveals that landlords in England and Wales are worried about the upcoming changes in the rental market – and the abolition of Section 21 evictions is their biggest fear for 2024. That’s according to Zero Deposit after 1,042 landlords were questioned and most of them (89%) have between one and three properties […]

Right to Buy London landlords councils agents tenants property118.com

Charity claims illegal evictions in England hit record high

28th December 2023

A housing charity claims that the number of illegal evictions in England has hit a record high but less than 1% of landlords are convicted, the Observer reports. The article says that landlords are increasingly evicting tenants illegally and with little fear of punishment. In 2022, the housing charity Safer Renting says there was a […]

Agent’s Cancellation Charge even though contract has expired?

27th December 2023

Hi all, My contract with both Agent and tenant has expired and has been running on a monthly rolling basis for several years now. However, the Agent still trying to charge me £1000 due to the existing tenant still living in it if I try to leave the current Agent. I don’t think this is […]

The fastest way to make extra income from your Property

27th December 2023

We hope you had a wonderful Christmas break, and by now you are probably starting to turn your thoughts to 2024, and how you can make it better than 2023. We have a simple question for you. Would you like to make more income in 2024, than you did in 2023? Did you know you […]