The Local Government Association (LGA) has warned that homelessness has reached record levels, with 104,000 households living in temporary accommodation at the end of March 2023. This is an 89% increase over the past decade and the highest figure since records began in 1998. The LGA, which represents councils across England, said that the severe […]

Idyllic towns in England are being overrun by second homeowners and holiday lets with some towns declaring a housing crisis because local people have nowhere to live. Frome in Somerset is just one of several towns to declare a crisis because locals are being priced out of the market due to soaring rents. This Property118 […]

A proposal to abolish section 21 ‘no-fault’ evictions to protect tenants from being unfairly evicted could have the opposite effect, according to a leading industry figure. The Renters (Reform) Bill proposes to scrap Section 21 notices, which allow landlords to evict tenants without giving a reason. However, Neil Cobbold, the managing director of PayProp UK, […]

Private rents have soared in England and Wales over the past year, according to a new report from the Office for National Statistics (ONS). The report, based on data collected from February 2022 to September 2023 as ONS researchers revisit privately rented properties, They do so, on average, every 12 months in England or nine […]

The founder of Property118, Mark Alexander, recently appeared on The HMO Podcast to share his 36 years of experience in property, finance tax and law. The podcast is entitled: ‘Building A 7-Figure Property Business, Tax Planning, And The Future Of The PRS’ and was recorded on 5th September 2023. It was released by the interviewer […]

Will there be a crash in UK house prices in 2024 or will the property market just see a ‘correction’ in house prices? Ranjan is back with another video sharing his property price predictions for 2024 as well as tips on how property investors can benefit from a market crash. Check out the video below:

The Renters’ Reform Coalition (RRC) is a group of organisations that claim to fight for tenants’ rights, but in reality, they are harming both landlords and tenants in the private rented sector (PRS). They are pushing for radical changes that would make renting more expensive, less secure, and less available for millions of people who […]

The Government’s inaction and the rising interest rates are driving landlords out of the rental market, according to a new report. The study by Yorkshire Building Society (YBS) revealed that more than half of landlords feel they are being ‘squeezed out’ of the sector and most of them think it is becoming ‘less appealing’. The […]

Angela Rayner has promised to abolish Section 21 straight away if Labour wins the next general election. In an interview with LBC, the Shadow Housing Secretary answered questions from worried landlords about the removal of Section 21. Ms Rayner argued that “no-fault evictions are causing misery for people”. What happens if Section 21 is abolished? […]

A senior judge has rejected landlords’ pleas and found the Scottish government’s rent freeze and eviction ban was not unlawful. Landlords expressed “disappointment and frustration” but vowed urgent action must be taken by the Scottish government to address fundamental problems in the housing sector. A coalition of members including the Scottish Association of Landlords (SAL), […]

A frustrated landlord has criticised Nottingham’s selective licensing scheme and called it a “stealth tax on landlords”. Nottingham City Council introduced the controversial scheme in 2018 to, it claimed, improve the quality of housing in the Private Rental Sector (PRS). Since then, landlords across the city have grappled with the scheme’s implications. No property inspections […]

The average rent price in the UK has risen by almost 10% in a year, according to the latest HomeLet rental index. The report shows that every region in the country has seen an annual increase in rent prices, with Scotland leading the surge. The index is based on data from more than 500,000 tenancies […]

The recent Parliamentary debate by MPs of the Renters (Reform) Bill has highlighted the plight of student renters and private landlords, one rent guarantor service says. Paul Blomfield, the MP for Sheffield Central, told MPs that 45% of students live in the private rented sector (PRS), which amounts to 600,000 young people across England and […]

Edinburgh has become the first city council in Scotland to declare a housing emergency, as it faces a ‘crisis’ in both the public and private renting sectors. The declaration was made after a motion by the council’s housing convener, Jane Meagher, who highlighted the ‘severe challenges’ of providing affordable and adequate accommodation for the city’s […]

The Bank of England’s Monetary Policy Committee (MPC) voted 6 to 3 to maintain the Bank Base Rate at 5.25%. Despite the Fed freezing the US rate yesterday, three MPC members still voted to increase the Base Rate by 0.25%. The latest MPC forecast market-implied path for rates was adjusted down to maintain at around […]

UK interest rates have been left unchanged at 5.25% by the Bank of England in a move economists had expected. The Bank had previously raised rates 14 times in a row to tame inflation, leading to increases in mortgage payments but also higher savings rates. Its Monetary Policy Committee, which decides the rates, voted by […]

London is facing a rough sleeping crisis as new data shows that the number of people sleeping on the streets has reached a record high. According to the latest figures from the Combined Homelessness and Information Network (CHAIN), 4,068 people were counted sleeping rough in London between July and September 2023. This is a 12% […]

If you are a landlord or investor looking for a high-yield property investment in London, you may want to consider buying a house in multiple occupation (HMO). However, you may also face some difficulties in finding one, as a new study shows that London HMOs are rarely put up for sale. According to Octane Capital, […]

Last week Housing Secretary Michael Gove stated that he had been in discussions with HM Treasury to investigate the possibility of providing additional tax incentives for landlords. Mr Gove was asked at the NRLA conference whether the mortgage interest relief removed by George Osborne in 2015 would be reinstated. Mr Gove said: “I do recognise […]

Not sure what’s in the Renters’ Reform Bill? We’ve rounded up everything you need to know about the long-awaited bill below and will continue to keep updating the guide as we get more clarification. The government claim the reforms will help 11 million tenants across England benefit from “safer, fairer and higher quality homes thanks […]

The number of unincorporated landlords in the UK’s private rented sector (PRS) has increased to 2.82 million in 2021 to 2022, according to new data from HM Revenue and Customs (HMRC). The data, based on Income Tax Self-Assessment (ITSA) returns, shows that unincorporated landlords declared a total of £48.87 billion in property income from 2021 […]