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Mind the gap - house prices gap in England and Wales increases

Property market gap in England and Wales reaches 183,900%

20th October 2023

The difference between the most and least expensive homes sold in England and Wales so far this year is more than £38.6m – or 183,900%, research reveals. The findings from the platform for personal estate agents, eXp UK, which looked at sold price data for transactions that were completed from January to August. And looked […]

Have I been conned by letting agent?

20th October 2023

Dear all, I need some help and advice desperately and urgently as I feel as if I am being exploited by an letting agent. My property in Dover was not selling so I placed it with a letting agent as I do not live locally. The agency offers a scheme where they pay contractors upfront […]

A view of the town Salcombe in Devon

Holiday homeowners trash talk new “bin tax” rules

20th October 2023

Owners of holiday lets and second homes in Britain’s most priciest coastal town face new bin and litter rules. Holiday let owners in Salcombe, Devon have been banned from using litter bins and bottle banks – unless they pay a £350-a-year ‘bin tax’ or hire private rubbish collectors. A letter sent by South Hams District […]

Number of sellers dropping house asking prices rockets by 26%

20th October 2023

Property price reductions have increased by 26% in the last three months, compared to the five-year average, it has been revealed. However, the latest Street.co.uk Market Report shows a big improvement from the 50% increase seen in the second quarter of 2023. The trend also highlights that sellers are heeding the advice from estate agents […]

Murky Motives Behind Dan Neidle’s Attacks On Property118?

19th October 2023

UPDATE 31/10/2023 Neither Dan Neidle nor any of his so-called “Associates” have responded to any of the technical points I raised in this article, where HMRC manuals clearly contradict his(their) understanding of what is “normally” expected when dealing with liabilities at incorporation. Recent history in the landlord tax planning sector has imparted a vital lesson: […]

Tax Avoidance, DOTAS, and the Substantial Incorporation Structure (SIS)

19th October 2023

The integrity of landlord business incorporation has been massively damaged by the attack on Property 118 and Cotswold Barristers by Dan Neidle (DN) and his largely anonymous Tax Policy Associates. In an effort to bring some stability to the situation we are left with no choice but publicly to explain in detail the history and […]

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

Landbay cuts rates and launches new 55% LTV range for BTL landlords

19th October 2023

Specialist buy to let lender Landbay has announced a 0.10% reduction across its standard five-year fixed rate products, as well as the launch of a new 55% loan-to-value (LTV) range. The lender said the rate cuts and the new range were designed to support brokers in meeting the diverse needs of their landlord clients. The […]

Armageddon out of the PRS!

19th October 2023

Hello, Landlords are beset with so many problems now that the question must be asked – is it worth it? Consider the looming Renters (Reform) Bill, which effectively removes control of a property from the landlord and presents it to the sitting tenant. The huge rise in costs – repairs, insurance and licensing – has […]

Pic of frustrated landlord because a tenant will not leave.

Local authority house making neighbours lives a misery!

19th October 2023

Hello, I manage a flat in a small, pleasant residential block where a neighbouring flat has been bought by the Local Authority and used to house their most problematic tenants. The first tenancy was to a single man who had a prohibition order for him to keep away from the neighbouring town so the council […]

Rental yields rise across England and Wales for third consecutive quarter

19th October 2023

Rental yields in the buy to let sector have continued to grow across England and Wales, according to the latest Fleet Mortgages Barometer. The report, which covers the third quarter of 2023, shows that the average yield for both countries has risen by 1% to 6.9% compared to the same period in 2022. This is […]

landlord news epc costs property118.com

Heated debate in Commons over scrapping EPC targets for landlords

19th October 2023

MPs clashed in a Commons debate on reaching net zero by 2050, with one MP calling the scrapping of EPC targets for landlords “unforgivable” Energy Security and Net Zero Secretary Claire Coutinho told MPs the decision to do away with energy efficiency targets was driven by the financial burden it would have placed on landlords. […]

Cross-party open letter urges Renters (Reform) Bill action

19th October 2023

The government has been urged to end delays on the Renters (Reform) Bill that would ban ‘no-fault’ evictions and introduce other protections for tenants in England. In an open letter shared with the Guardian newspaper, 60 cross-party Parliamentarians and the mayors of London and Manchester said the legislation was a manifesto commitment and the government […]

Property Investors Awards Finalists revealed

18th October 2023

The Property Investors Awards has announced the Finalists for 2023. This year saw “fierce competition” with property investors from all over the UK applying for the awards. The winners will be announced on the 2nd of December at the InterContinental, Park Lane hotel in London. Exemplary leaders and innovators A panel of esteemed judges went […]

Rishi Sunak to push through Renters (Reform) Bill despite Tory opposition

18th October 2023

The government will proceed with the Renters (Reform) Bill with a second reading scheduled for Monday, the Financial Times reveals. The Bill, which aims to end no-fault evictions and make renting safer and fairer for millions of people in England, was first promised in 2019. But it has been delayed due to opposition from some […]

Glasgow - Buy to Let Property Hotspot

Glasgow braces for “humanitarian catastrophe” as asylum seeker housing crisis looms

18th October 2023

City leaders in Glasgow are warning of a “humanitarian catastrophe” over plans to find housing for asylum seekers. At an emergency meeting last week, councillors were told that 2,500 asylum claims would be fast-tracked, on Home Office orders, by the end of the year. Glasgow City Council raised fears of an ‘unprecedented’ strain on housing […]

Council repurchases homes sold under Right to Buy scheme for housing expansion

18th October 2023

A London council is set to spend millions of pounds repurchasing 310 council homes that were sold off under the Right to Buy scheme. Islington council reveals the programme is part of the council’s commitment to increasing the number of council-owned homes in the borough. The council homes will be a mix of one, two, […]

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Sharp decline in house prices grips England and Wales

18th October 2023

House prices in England and Wales have fallen at their fastest pace since 2009, according to new research. The e.surv house price index reveals that house prices have fallen by more than £1,100, the fourth largest monthly fall of 2023. The chartered surveyor company says the house price falls are down to higher mortgage costs. […]

Landlords and tenants urged to work together to tackle growing bed bug epidemic

17th October 2023

Landlords need to work “proactively” with tenants to tackle the bed bug crisis, a leading property association has warned. The National Association of Property Buyers warning comes after reports of some landlords telling tenants to put their duvets in the freezer to deal with the problem. Data from pest control company Rentokil reveals a 65% […]

Houses of Parliament in London viewed from across the River Thames

Charities urge PM to deliver Renters (Reform) Bill

17th October 2023

A coalition of 30 charities and non-profit organisations has called on Prime Minister Rishi Sunak to deliver the Renters (Reform) Bill and end Section 21 ‘no-fault’ evictions. The group, led by homeless charity Shelter, say that the current system of Section 21 evictions is causing hardship and suffering for millions of tenants in England. Section […]