Page 278 – Property118

Home auction market sees more sellers but fewer buyers

26th October 2023

More homeowners are turning to auctions to sell their properties quickly in a slowing housing market, but they may face lower demand from buyers, research reveals. According to a report by House Buyer Bureau, 2.3% of all homes on the market are heading to auction, up from 1.7% a year ago. This means that almost […]

Lloyds predicts house prices will keep falling until 2025

26th October 2023

Lloyds has warned that the UK’s house prices will continue to fall until 2025 as the economy faces higher interest rates for longer. The UK’s biggest mortgage lender said it expects house prices to decline by 4.7% this year and by 2.4% in 2024, before recovering slightly by 2.3% in 2025. The banking group, which […]

How to prepare for bailiff eviction?

25th October 2023

Hello, I have a bailiff’s eviction coming up sometime soon, my first and last. Has anyone actually had the experience of being present on the day that their tenant was evicted? If so, what happened? Was the tenant prepared for this? Were they actually at home? Did the tenant go willingly? Did he/she leave loads […]

Houses of Parliament and Big Ben overlooking the River Thames during overcast weather, supporting article on UK housing standards

Property sector responds to the Renters (Reform) Bill latest

25th October 2023

The Renters (Reform) Bill’s second reading has been passed without a vote which has prompted various leading figures in the property sector to offer an opinion on what comes next. One of the big issues is that the government’s planned abolition of section 21 ‘no-fault’ evictions will not happen until the court system has been […]

Two dogs and cats pose for a picture

Landlords threat to hike rents amid pet policy changes

25th October 2023

Landlords are threatening to leave the market or hike rents if they lose the right to ban tenants from having pets, according to new research. In a poll of 1,400 UK landlords commissioned by the insurer Simply Business, 54% of landlords are concerned about the increased risk of property damage from pets. According to the […]

Renters (Reform) Bill could bankrupt landlords, warns expert

25th October 2023

A housing law expert has warned that the Renters (Reform) Bill, which aims to improve the private rented sector, will have dire consequences for landlords AND tenants. Des Taylor, a director of Landlord Licensing & Defence, said that the Bill will introduce new enforcement measures against landlords, which will result in massive fines and even […]

Propertymark policy head highlights concerns over the Renters’ Rights Bill’s impact on landlords and tenants

Housing crisis continues as demand surges past supply

25th October 2023

Demand continues to outpace supply in the lettings market, according to new data. The latest figures from Propertymark’s Housing Insight report reveal a stark gap between the supply of available rental properties and the surging number of new tenants eagerly signing up for a place to call home. According to the report, 52% of letting […]

Campaign to stop ‘unfair’ letting agent renewal fees is launched

25th October 2023

A property-tech lettings company says high street letting agents are charging landlords up to £1bn a year in unfair renewal fees and has launched a campaign to stop them. Hello Neighbour claims that landlords renting property through a letting agent are wasting money every time their tenant renews their contract, without getting any additional service […]

Is Dan Neidle Ideologically Opposed To Our Existence?

24th October 2023

The Venn diagram featured in this article offers valuable insights into the significant attention garnered by the trial of Property118 on Social Media, led by Dan Neidle. This attention has reached such heights that a prominent national newspaper has seemingly merged Neidle’s critique with HMRC’s Spotlight 63. However, it’s essential to acknowledge that Property118 had […]

Unlock the Secrets to Finding Profitable Property Deals

24th October 2023

How good are you at finding potential property deals? Are you ready to take your property investing skills to the next level? I’m excited to introduce a fantastic opportunity for you to discover just how skilled you are at finding those hidden gem deals in the property market. I would like to invite you to […]

Renters (Reform) Bill passes its second reading without a vote

24th October 2023

The Renters (Reform) Bill passed its second reading on Monday without a vote which means that the proposal to scrap Section 21 of the Housing Act 1988, which allows landlords to evict tenants without giving a reason, is a step nearer. However, this part of the Bill is likely to be delayed due to opposition […]

Angela Rayner in explosive showdown over Renters’ Reform Bill

24th October 2023

Labour has slammed Tory backbenchers for the delay of the Renters’ Reform Bill’s second reading. The Bill received its second reading yesterday evening where Shadow Housing Secretary Angela Rayner criticised the government for “betraying renters” with a “grubby deal” to avoid confrontation with Tory MPs opposed to the Bill. Labour argued that the reforms could […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

Renters (Reform) Bill: The countdown to a PRS disaster has started

24th October 2023

I thought it was too good to be true that the Renters (Reform) Bill would not make it through this Parliament. And, sure enough, Dishy Rishi didn’t let me down. At the last minute, as he was no doubt deciding which laws would make it into the King’s Speech, he added the Renters (Reform) Bill. […]

Man and woman arguing over a bill property118.com

Chased by a utility company?

24th October 2023

Hello, cutting a long story short. Out of the blue, I received an unexpected electricity bill from Scottish Power for £1233 (interest and debt costs added) going back over 4 years in relation to a commercial property I rented out. It would appear that the tenant may not have paid for his electricity. Bearing in […]

Think tank demands changes in the PRS

24th October 2023

A think tank is demanding the government reform the private rented sector with a list of recommendations. The Centre for Social Justice (CSJ) welcomes the news of the Renters’ Reform Bill and is strongly encouraging MPs to back its key measures including scrapping Section 21. In its ‘Raising the Roof Report’ the think tank urges […]

Landlord Tory MPs set to rebel against ‘no-fault’ eviction ban

23rd October 2023

Some Conservative MPs who are landlords have threatened to vote against the Government’s Renters (Reform) Bill, which would ban Section 21 ‘no-fault’ evictions of tenants, the Telegraph has revealed. The rebels claim that the policy is ‘unconservative’ and will drive landlords out of the market, reducing the supply of private rented accommodation. The Bill, drafted […]

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

Government promises court reform before scrapping Section 21

23rd October 2023

The Government has confirmed that it will not abolish Section 21 ‘no-fault’ repossessions until it improves the court system for handling legitimate possession cases by landlords. And student landlords will be pleased to hear that there will be a new ground to repossess properties annually to protect the student housing market. The Renters (Reform) Bill, […]

Cladding: Deed of Certificate – Five Day Rule?

23rd October 2023

Hello, I’m a landlord and I have 5 buy-to-let properties in England. I don’t live in any of these. Some of the BTLs are affected by cladding in the same building. The properties were purchased over 6 years ago. Correct me, but ordinarily, I don’t think that I qualify for Leasehold Protections although I don’t […]

Pic of leaking pipe landlord leasehold issues insurance property118

Downstairs neighbour – alleging a leak?

23rd October 2023

Hi, I rent out my flat a downstairs neighbour says there’s a leak from my en suite into his en suite. My en suite was installed by a major chain 1 year ago so it’s under warranty. They sent someone round and said there’s no evidence of a leak and it was just mould from […]

Estate agent executive commenting on government housing policies

Gazundering on the rise as homebuyers gain power in a cooling market

23rd October 2023

Homebuyers are increasingly using a tactic called gazundering to secure a lower price for their property purchase, according to Google search data. Gazundering is when a buyer reduces their offer at a late stage of negotiations, hoping to pressure the seller into accepting less money. It is more common when buyer demand is low, and […]