Page 256 – Property118
professional headshot of a man representing commentary on UK tenants facing upfront rent pressures

Landlords raise rents to cope with rising costs, survey shows

31st October 2023

Many landlords in the UK are hiking rents to deal with increasing costs, especially higher interest rates and legislation changes, a survey reveals. The findings from The Deposit Protection Service (The DPS) show that three-quarters (75%) of landlords have either increased rents in the past year (40%) or intend to do so soon (35%). The […]

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Rental flat with water ingress, how can I speed up section 20?

31st October 2023

Hello all, I’m hoping that someone can help with this matter. Our grand floor flat in a building of 7 flats has an issue with water ingress that has spread from the front corner of the property along a wall that is now making the bedroom uninhabitable. The building’s property management company is siting section […]

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

Renters take on extra jobs to cope with rising rents

31st October 2023

Growing numbers of renters are having to work more than one job to make ends meet amid soaring inflation and spiking rents, according to a new report. The findings from SpareRoom, a flat-sharing site, questioned more than 2,000 renters and found that 17% of tenants have more than one job – which increases to 20% […]

Middlesbrough landlords slam selective licensing fee property118

Landlords slam ‘unfair’ selective licensing fee as council reviews policy

31st October 2023

Landlords in Middlesbrough have criticised a selective licensing scheme that charges them £800 for a five-year licence – but it only has months to run. Teesside Live reports that the scheme, which covers part of the Newport ward, has been criticised by landlords who say it is a ‘private tax’ that is forcing them to […]

Britain’s housing market, the PRS – and Shelter’s contribution?

31st October 2023

Hi, I’m sure a lot of us landlords watched the BBC programme about the housing market, which disappointingly stopped short of looking at the directly associated PRS problems in detail and the reasons behind the quagmire successive governments which have progressively got the country further and further into. I for one was unaware that a […]

house price and inlation growth landlords property118.com

House Prices Are Cheaper in 2023 Than They Were in 2007 (in REAL TERMS)

30th October 2023

According to HM Land Registry, the average sold house price at the peak in September 2007 was £190,032. However, as of August 2023 that figure is £291,044. But surely that’s a gain of £101,032 I hear you say! Well, from a tax perspective, it is, and if you had purchased an average property in September […]

Business professional in blue suit representing NRLA leadership on housing crisis.

Government to end council tax on HMO rooms

30th October 2023

Renters in shared housing could save up to £1,000 a year thanks to a campaign by the National Residential Landlords Association (NRLA). The Government has announced it will reform the way council tax is applied to houses of multiple occupation (HMOs). Currently, some local authorities assess each room in an HMO as a separate unit […]

Bristol Council wants more PRS licensing?

30th October 2023

On Wednesday, October 25, 2023, 4:29 AM, Consultation Team wrote: Consultation on new schemes to improve the quality and management of private rented properties across the city Dear Resident Bristol City Council is seeking your views on a proposal to introduce two new property licensing schemes in Bristol. Scheme 1 A citywide additional licensing scheme […]

TMW slashes buy to let rates for new and existing customers

30th October 2023

The Mortgage Works (TMW) has announced a series of rate reductions across its buy to let products, effective from last Saturday (28 October). The lender is offering some of the most competitive deals in the sector, with rates starting from 4.49%. The rate cuts apply to both new business and switcher products and cover a […]

Property expert outdoors discussing rising UK rent prices

Affordable homes to rent are ‘scarce and in high demand’

30th October 2023

Finding a cheap rental home in the UK is a daunting challenge with only 1.9% of the current rental market stock costing less than £500 per month, research reveals. The analysis by Zero Deposit highlights that this is the lowest level of stock of all the rental market price bands they looked at. However, the […]

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House price falls spread across UK as mortgage rates bite – Zoopla

30th October 2023

Higher mortgage rates and cost of living pressures have caused house prices to fall in four out of five local markets in the UK, Zoopla reports. According to its latest House Price Index, annual house price growth has slowed from +9.2% a year ago to -1.1% today, the most dramatic slowdown since 2009. House price […]

HMOs offer higher rental yields than other properties, research shows

27th October 2023

Investing in houses in multiple occupation (HMOs) can be more profitable than non-HMO’s with landlords enjoying nearly DOUBLE the average yield, research reveals. Octane Capital, a specialist property lending company, analysed the cost and return of converting a four-bedroom property into an HMO across England. The research found that the average house price in England […]

The Renters (Reform) Bill is ‘like a half-baked cake’

27th October 2023

The Government’s plans for the private rented sector (PRS) have been criticised by a leading industry figure as confusing and chaotic. Daniel Evans, the chair of the Association of Independent Inventory Clerks (AIIC), said the Renters (Reform) Bill, which aims to overhaul the PRS, was ‘like a half-baked cake’. The Bill will scrap Section 21 […]

Social housing trust overcharges tenants by £479k

27th October 2023

More than 180 tenants of a social housing trust have been overcharged by nearly £500,000, the Regulator of Social Housing (RSH) says. Joseph Rowntree Housing Trust (JRHT) has admitted its failure to set rents correctly and vowed to reimburse the affected residents. The trust, which owns around 2,600 homes in York, Leeds, Scarborough and Hartlepool, […]

Demand for legal aid for tenants dealing with eviction

27th October 2023

An association is demanding the government give more legal aid to tenants facing eviction. The Law Society warns tenants on low incomes will be unable to afford legal advice if they face eviction. The association is urging the government to invest in the legal aid system and the courts. Access to housing legal aid becomes […]

Landbay's sales and distribution director, Rob Stanton wearing a light blue suit and white shirt

Landlords still keen to buy despite challenges, survey shows

27th October 2023

Nearly a third (32%) of buy to let landlords are planning to buy more property in the next 12 months, despite the challenges posed by higher interest rates, a survey reveals. The research from Landbay also reveals that 43% of landlords are not intending to buy any more property soon. The main reasons for this […]

Rising rents pushing students to the limit

27th October 2023

Students are struggling as soaring rents outpace average maintenance loan, according to new research. A survey by student housing charity Unipol and Higher Education Policy Institute reveals rents for student accommodation have increased by nearly 15% over the past two years. Bristol has the UK’s highest average annual rent at £9,200 per year outside of […]

Pic of eviction letter to tenant s21 landlord won't leave

Email from council about my notice to tenant?

27th October 2023

Hello, S21 has been issued and now in accelerated stage. Awaiting a date from judge. Council has just contacted me about tenant asking the following… When did tenant move into the above address? How much is the rent at the above address? Why has tenant been served with notice to leave his/her accommodation? Did tenant […]

Minimum notice required to leave?

27th October 2023

Hello, I have a tenant who on the 25th Oct informed me she would be leaving on the 31st Oct 2023. She is on an AST that started on the 1st May 2023 and would be due to roll over on the 1st Nov 2023. The tenant pays their rent per month and is up […]