Page 261 – Property118

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 […]

Buy-to-let turmoil as interest-only mortgage payments skyrocket

27th December 2023

Landlords using interest-only mortgages have experienced a soaring 283% increase in their monthly interest costs since 2021. The research by Octane Capital reveals the damage high interest rates have caused for landlords. According to the report, those landlords who make a full monthly repayment have seen the monthly cost of their mortgage climb by 71%. […]

Woman in red dress smiling while seated in an office chair.

Londoners leave capital as affordability challenges impact home purchases

27th December 2023

The number of homes bought by Londoners outside the capital fell to their lowest levels in nine years. According to research by Hamptons, Londoners spent £28.7bn on homes outside the capital this year, 29% or £11.7bn less than in 2022 and £20.1bn down on 2021 when outmigration peaked. The number of Londoners leaving the capital […]

Boost your rental income in 2024

27th December 2023

With rising interest rates in 2023, many landlords are not making as much as they would like from their rental properties. One way to boost your rental income is by repurposing property to use for Short Term Rentals and Serviced Accommodation. By converting some of your existing properties you could be making more money in […]

Scottish housing minister discusses landlords’ role and investment rights

How to evict a tenant in Scotland

22nd December 2023

In Scotland, the rules differ from England and Wales when trying to evict a tenant, with the rent eviction ban still in place until March 2024 some landlords may be puzzled about the regulations. Evicting a tenant is never easy but we have created a guide for landlords with properties in Scotland on how to […]

Christmas pets

Christmas struggles for renters seeking pet-friendly rental properties

22nd December 2023

Finding a pet-friendly rental property during the festive season is proving to be a tough challenge for renters. According to research by Zero Deposit, only 9% of rental properties in England are listed as pet-friendly – that’s just over 8,000 out of 94,000 rental properties. However, the Renters’ (Reform) Bill will soon force landlords to […]

Property market ends on a high note with surge in sales – Zoopla

22nd December 2023

In a mixed year the property market ends on a high note, Zoopla reports. According to its latest House Price Index, the final weeks of 2023 have recorded above-average levels of new sales with a 17% increase compared to the same time last year. Demand still remains high at 19% but Zoopla says an increase […]