Page 339 – Property118

Neighbour wants basement extension – Property at risk?

25th November 2022

It’s actually a friend whose neighbour wants to build the basement. Not only does my friend really not want the months of noise, and disruption of spoil/materials coming in and out of the tiny cul-de-sac; she’s concerned about the risk of damage to her own property, especially cracks. First, can anyone suggest great ideas to […]

building site numbers of new houses rises property118.com

Housing supply rises by 10% in England

25th November 2022

Housing supply in England for 2021 to 2022 has risen by 10% when compared with the year before, or by 232,820 dwellings, the latest government figures show. According to the Department for Levelling Up, Housing and Communities, the number of net additional dwellings for 2021 to 2022 are currently 4% below their pre-pandemic peak in […]

Rented home demand to remain strong as FTBs put off buying

25th November 2022

More than a million Brits under the age of 45 could rule themselves out of the first-time buyer market due to financial pressures caused by the cost-of-living crisis, a survey reveals. The findings from Aviva focused on under 45s who have never owned a property and found that just under half (46%) of them are […]

Lender offers landlords £50m to help enhance energy efficiency

25th November 2022

Buy-to-let landlords who want to improve the sustainability of their investment properties can access a lending fund with lower mortgage rates worth £50m to help. Leading specialist lender OSB Group has unveiled a package of targeted measures to support landlords after a report they commissioned revealed that 44% of brokers believe the biggest challenge facing […]

Companies House paperwork highlighter landlord property118.com

Non-Companies House director?

24th November 2022

Hello, We have a person who works very hard for our freehold company looking after the block in which we all live. His professional job prevents him registering as a director at Companies House. At the moment, he can’t vote when we make decisions. I read somewhere (but now can’t find where) that as he […]

Government to fund rogue landlord crackdown

24th November 2022

The government has today revealed that it will fund councils with high numbers of ‘poor privately rented homes’ in a bid to crack down on rogue landlords and drive-up standards in the private rented sector (PRS). The announcement by the Department for Levelling Up, Housing and Communities (DLUHC) will fund: £2.3 million for Greater Manchester […]

Property transactions will plummet by 17% as seasonal slowdown approaches

24th November 2022

The UK’s property market could see transactions slide by as much as 17% come spring of next year – and the downward trend could start next month as the market winds down for the Christmas period, one property purchasing specialist says. According to House Buyer Bureau, it found that the level of transactions seen over […]

Commercial agents and landlords warned of energy efficiency regulation changes

24th November 2022

Propertymark is warning commercial letting agents and landlords about a change in energy efficiency regulations for business buildings. They say that from 1 April 2023, the Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 will apply to all tenancies, including those that are currently existing and ongoing tenancies. The rule change will mean […]

Uk money for rent protection property118.com

Record spike in rent protection uptake from landlords

24th November 2022

Over the last six months there has been a 57% increase in the uptake of rent protection as an optional extra alongside standard landlord’s insurance, one provider reveals. General insurance platform provider Paymentshield revealed its data from the last two quarters and, to underline the startling increase, it says that in those months, the number […]

New HMO training

23rd November 2022

If you want to maximise the cash flow from your property investing so that you can replace your income faster, we think you might be interested in some new online training created all about MEGA deals, and how to replace your income in just one deal. Imagine if you could replace all of your income […]

sign warning of potential asbestos landlords property118.com

Potential asbestos risk?

23rd November 2022

Hello, I’m selling a flat and the buyers’ survey has come back saying there is a potential risk of asbestos in the airing cupboard where the immersion tank is. The flats were gutted and redeveloped in the eighties. The management company have conducted an asbestos survey on the outside fabric of the building and common […]

Landbay reduces rates across all five-year fixes

23rd November 2022

The specialist buy-to-let lender Landbay has revealed that it has reduced the rates on all of its five-year fixed rate mortgages by up to 0.30% and added two new products to its variable fee range. Paul Brett, Landbay’s managing director, intermediaries, said: “For the second time in two weeks, we have been able to reduce […]

Sadiq Khan calls for a national rogue landlord database

23rd November 2022

The Mayor of London, Sadiq Khan, is calling for a national rogue landlord database – after revealing that half a million tenants in the capital have accessed the Rogue Landlord and Agent Checker and Property Licence Checker. According to the mayor, new figures show the Rogue Landlord and Agent Checker has been used 388,000 times […]

Propertymark representative discusses rent control concerns in Scotland

Funding help is needed to make homes more energy efficient

23rd November 2022

Only cash help to make homes and businesses energy efficient will enable the government to meet a pledge set out by the Chancellor of the Exchequer, Jeremy Hunt, in his Autumn Statement last week, Propertymark says. Mr Hunt says he wants to focus on boosting energy efficiencies because this will be crucial to hitting the […]

Demand for rent protection insurance grows

23rd November 2022

Growing economic uncertainties has seen a rise in the number of letting agents supporting their landlords against rental arrears or income disruption. According to the latest data from Goodlord and Vouch, a comparison shows that 17% more letting agents are purchasing rent protection insurance compared to this time last year. Goodlord says that this jump […]

UK sees house transactions rise by 2% in October

23rd November 2022

The number of UK house transactions increased by 2% in October to reach a seasonally adjusted total of 108,480, HMRC reports, though these figures do not reflect the market chaos seen after the Government’s mini-Budget. That rise is compared with September’s figure, and the annual increase is 38%. HMRC says its provisional seasonally adjusted estimate […]

Will the Housing Market Crash in 2023?

22nd November 2022

Everyone is saying there will be a UK housing Market Crash in 2023, predicting that property prices will plummet. I’m going out on a limb, I predict property prices won’t plummet at all in 2023! In this video, I’ll explain why Property Investors shouldn’t expect a crash, what the smart money is doing in property […]

What have duck eggs got to do with selling our property portfolios?

22nd November 2022

It’s the headline we thought we’d never see: Tesco is joining Asda and Lidl in rationing duck and chicken eggs oversupply issues. It might seem like news out of your grandparent’s era, but it’s just another reflection of the effect rising costs and the economy is having on both our business and domestic lives. It’s […]

Electrician rewiring a rented flat property118.com

Management agents to block of flats reneged on responsibility?

22nd November 2022

Hello, I have a one bed rental flat in a small block of flats in Reading. My tenant experienced total loss of electrical power (there is no gas) and after prolonged and in-depth diagnosis by three electricians and the utility companies, it transpired that the fault (metal cutting into cable and rat infestation) came from […]

UK house prices set to fall for the next two years

22nd November 2022

House prices in the UK are predicted to fall for the next two years before they will increase again, the government’s official forecaster says. According to the Office for Budget Responsibility (OBR), it says that between now and autumn 2024, house prices will drop by 9%, the body’s Economic and Fiscal Outlook report shows. The […]

Londoners can't sell become accidental landlords property118.com

Wealthy Londoners who can’t sell become ‘accidental landlords’

22nd November 2022

A growing number of wealthy Londoners who can’t sell their homes are becoming accidental landlords instead, a report has found. That’s because the housing market in the capital has slowed down to the point where one real estate firm says there has been a big rise in the number of premium London rental homes being […]