Page 294 – Property118
Smiling business professional sitting confidently in a modern office setting

UK house prices fall 0.5% but are 17% higher than before pandemic

27th September 2023

House prices in the UK have fallen by 0.5% over the last 12 months and are on track to be 2-3% lower by the year-end, according to the latest house price index from Zoopla. However, the average house is still 17% more expensive than before the start of the pandemic, but buyers are returning to […]

Short-term lets are causing misery warns council

27th September 2023

A council in London is warning Airbnbs are creating an ‘enforcement nightmare’ Westminster council is calling for new powers to clamp down on short-term lets and is calling for calling for the introduction of a compulsory registration scheme for short-term let properties. The council says they have more properties listed on Airbnb than any other […]

Modern Scottish Parliament building in Edinburgh with Calton Hill in the background

Rise in demand for guidance on illegal evictions in Scotland

27th September 2023

Demand for advice around illegal eviction in the PRS soars by 42% in a year, according to new data. Citizens Advice Scotland reveals that overall demand for advice in private sector rents has increased by 15%. Last week the Scottish Parliament passed a final extension to the Cost of Living (Tenant Protection) Act, meaning a […]

RICS logo representing the organisation behind the latest UK housing market survey

Rishi’s EPC U-turn slammed by RICS

27th September 2023

It’s taken nearly a week, but the Royal Institution of Chartered Surveyors (RICS) has hit out at Prime Minister Rishi Sunnak’s U-turn on energy performance certificate (EPC) requirements for rented homes. It says that an alternative system needs to be put in place to tackle climate change – and that the methodology used needs to […]

Tenants urged to report criminal landlords and agents in London

27th September 2023

Private renters in London who have been charged illegal fees by landlords and letting agents are being urged to report them online so London Trading Standards (LTS) can help get their money back. A new project launched by (LTS) and the Mayor of London’s Private Rented Sector (PRS) team aims to help London’s 2.7 million […]

Property expert outdoors discussing rising UK rent prices

The Bank of Mum and Dad help tenants with deposit costs

27th September 2023

Nearly half of tenants (49%) consider the cost of the deposit when renting as being the biggest obstacle when searching for their most recent rental property, a survey reveals. The Zero Deposit study points to Zoopla research highlighting that rental affordability is now at its worst in a decade, driven by the increasing cost of […]

pic of couple moving into a london flat crowded landlord property118

Taking back a property to refurbish under proposed new rent reform act?

26th September 2023

Hello, our business model is purchasing unbroken blocks of apartments and then splitting the title, refurbishing the units and re-letting. In most cases, the tenancies are all on rolling contracts. For those that aren’t, we let them run and then refurbish. My query is: Assuming the Rent Reform Act does come into play next year, […]

Rents rise as landlords exit the market, survey shows

26th September 2023

The UK’s private rented sector is facing a supply-demand imbalance that is pushing up rents as landlords exit the market, a survey reveals. The findings from e.surv, which collected data from more than 500 valuers and surveyors, found that rental demand is outstripping supply in most regions – especially in London and the South East. […]

Precise Mortgages boosts its buy to let affordability options

26th September 2023

Precise Mortgages has announced changes to its buy to let affordability criteria that could benefit personal ownership and limited company clients. The lender, which is part of OSB Group, says it has simplified the minimum interest cover ratio (ICR) for personal ownership applications. It has also improved how they assess buy to let affordability on […]

UK house prices to hit £300,000 by 2025

26th September 2023

The average UK house price is expected to reach £300,000 by August 2025, according to a new report by easyMoney. The online investment platform has analysed the historic data of the UK’s property market since the 1970s to find how quickly it has surpassed each £50,000 house price threshold. It reveals that the average house […]

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

Mismatch between supply and demand continues to dominate the lettings market

26th September 2023

Demand continues to outstrip supply as rents continue to rocket, one industry body warns. Propertymark’s Housing Insight report reveals August 2023 had an average of 197 prospective tenants registering compared to 149 in July 2022. Figures in August 2023 were up almost 32% year on year and demonstrate a trend that continues to spiral. Very […]

Selective Licensing Inspections – Council Fines?

26th September 2023

Hello, can I please canvas opinions amongst members? I own two leasehold flats in the same building, within one of the designated selective licensing areas of the local authority. Licences in respect of both flats have been paid for and the licences have been issued. The local authority served Notices on me to gain access […]

Portrait of a confused young casual girl shrugging shoulders isolated over pink background

Tenant got planning permission for C2 usage without my knowledge?

26th September 2023

Hello, I have been renting out my residential property to a charity. It appears they have recently been granted a planning permission change from C3 (dwelling house) to C2 (residential institution). I was not informed about this and the council approved without querying my consent. I wonder what the implications of this will be when […]

Tenant demand surges in South East regions

26th September 2023

The rental market in England has seen a strong recovery in the third quarter of 2023, with some regions in the South East leading the way. That’s according to the latest rental demand index from estate and lettings agent, Barrows and Forrester. The index, which tracks the proportion of rental listings that have been let, […]

BEST Property Strategy in the Falling Property Market

25th September 2023

Would you like to know how you can increase your monthly cash flow, before the end of the year, without having the hassle of having to obtain any mortgages? If you would like to increase your monthly cash flow, then I have some perfect training for you in the form of a live online Masterclass […]

Dear Polly Neate of Shelter – I agree with you!

25th September 2023

Dear Polly Neate, It’s not possible to contact you directly as you, (Shelter), don’t allow contact through your website unless it’s to complain about a nasty landlord. (For clarity, I’m a landlord with a small portfolio and I look after my tenants – indeed, they are happy to rent from me) I would also point […]

pic of bailiff gaining entrance to a rented home to evict property118

How long will this eviction process take?

25th September 2023

Hi All. Two days ago I got an Order for Possession through the county court giving the tenant 28 days to leave. Despite this, I have a feeling that the tenant still will not go on 18th October. So my question is, does anyone know or have any idea how long this process will take? […]

Pic of landlord looking at buildings insurance bill from managing agents property118

Section 21 issued, now council have issued a substantial improvement order?

25th September 2023

Hello, I have a tenant since 1996, but the recent interest rate increases have left me with more costs than income. I live far away and he has always been impossible to contact, ignoring texts and phone calls and returning recorded letters. I issued a section 21 through Landlord Action and was just getting ready […]

Shawbrook’s Emma Cox discusses landlords’ challenges meeting 2030 EPC targets

UK landlords were ready for scrapped EPC rules, study shows

25th September 2023

Most UK landlords had already prepared for the government’s planned energy performance certificate (EPC) legislation, which was scrapped last week by the Prime Minister Rishi Sunak. The legislation would have required landlords to ensure their rental properties had a minimum EPC rating of C. The mooted deadline was 2025 for new tenancies, and by 2028 […]