Tenants are faced with rents hitting a new record high with renters outside of London now spending an average of £1,190, Rightmove reveals. The platform says that rents have risen for 13 consecutive months, but the pace of growth is now slowing down. However, average rents in London have hit a new record by soaring […]

Hello – I was hoping someone could help me and stumbled upon this site. We have a share of freehold of a small Victorian house – there are 4 flats and we own 2 – 50% of the freehold. We have the obligation to repair/redo the house every 7 years – and we’ve passed that […]

Average monthly room rents in London now cost a staggering £952, according to a flatshare website. Spareroom reveals that nearly a quarter (23%) of UK renters have been priced out of the area they were living in in the last six months. Nearly half (48%) of these have had to move in with flatmates in […]

There has never been a better time for Estate Agents to have a fundamental re-think about how to grow their business, because the market has undeniably changed direction. How can agents prevent their lettings business from shrinking? How can estate agents help their potential clients to make better-informed decisions and break the ‘analysis paralysis’ cycle? […]

The National Residential Landlords’ Association (NRLA) has hit out after the Welsh government unveiled draft legislation to clarify parts of its Renting Homes Wales Act. The move will see the terms of converted contracts and any renewals that replace them being changed. This will see several regulatory grey areas being resolved that could, potentially, cause […]

If interest rates rise to 4.5% next month, 45% of landlords say they will sell up, a survey reveals. The findings from Finbri highlight that landlords are gearing up to bail out if the base rate increases in May. But financial experts are predicting that rates will go up and inflation remains stubbornly above 10%. […]

Hello, Tenants have moved out and destroyed most of the furniture, doors, and white goods. I have sent them an invoice for the replacement of the damaged items. But they are refusing to pay. They are also refusing to pay 3 months rent. Any suggestions on what I can do next? Thank you, Ravel

One of the worst nightmares for landlords is finding their property damaged by cannabis cultivation, which is becoming all too common. The threat of cannabis farms has long been an issue for landlords up and down the country with £2.4 billion worth of the drug consumed in England and Wales a year (2021 figures). Cannabis […]

Tenants look set to continue feeling the financial pressure with low stock levels helping to boost rent price growth, one agency says. Fine & Country also says that as summer approaches, demand will increase and prices will rise even further. And one of the big issues facing renters, the premium estate agency says, is that […]

Hi – I have seven properties which I run as BTL and one holiday let. They are all in my name and I have buildings insurance specific to BTL and FHL for all of them in my name. On my main residence, I have not made any claim for over 10 years, however I have […]

The latest list of expelled agents has been published by the Property Redress Scheme after a lengthy disciplinary process has been carried out. Once expelled, the agents cannot join another redress scheme until the terms of the PRS’ decision have been settled. That means that property agents who continue to trade, without redress, are doing […]

Hello, I’m new to the forum and I’ve been looking through posts and I can see there is a wealth of experience here so excuse the probably basic questions. I am looking to move in with a relative, and thinking of letting my house out long term. (I have issues with stairs and not getting […]

House prices this year have plummeted by up to £21,000 in just one month in some areas of the property market – while other areas saw prices leap by £20,000, research reveals. The findings from estate agents Barrows and Forrester show that government data on the latest house prices across the British market between January […]

Home repossessions have remained flat since interest rates started to climb last autumn, but in one region they have rocketed by 30% since December 2021, research reveals. The findings from House Buyer Bureau show that in the England and Wales property market, most regions have seen repossessions fall since interest rates increased. The property purchasing […]

At the Property Investor Show at Excel last Friday, I was delighted to be presented with an award for being one of the longest-standing exhibitors at the show since 2003 and having provided support to other property investors for 20 years through our property investors network (pin) monthly networking meetings all over the UK. Back […]

All regions have seen an annual and quarterly rise in rental yields – up from 6% a year ago, and 6.4% in the last quarter of 2022 to 6.5% now, research reveals. According to Fleet Mortgages, the growth in yields is down to a shortage of rental stock and high tenant demand. Also, the easing […]

Hello, I would like some advice from Property118 readers. My previous tenants caused considerable damage and carried out unauthorised electric work on my property. How can I sue for costs I have incurred? I accept wear and tear, but the level of damage to new items is wholly unacceptable. To date, I have spent over £5,000 […]

Hello, I have received a court order that says: The claimant has leave to entry without further order if the defendant defaults. I have a property in Brighton and the tenant has not paid rent for 11 months. Since I started the possession proceedings, the tenant has used tactical allegations every time he attended the hearings. […]

Hello, I’ve been forced to work till 67 or retire with no pension, so I’ve been forced to sell my rented-out property to have some income in my older age. The government has added seven years onto both my pensions when I’d planned all my life that I would be retired at 60. I feel this […]

Hello, On the face of it, it’s very puzzling. Surely the government are well aware of the housing crisis? Yet, aided and abetted by Shelter they cause the private rental sector to shrink. Maybe this is about getting the national cost of Housing Benefit down. By shrinking supply, would-be renters are squeezed into becoming first-time […]

Landlords who are concerned over upcoming regulations should consider using letting agents, one firm says. The automated rental payment service Payprop says using letting agents is an ‘obvious solution’ for landlords. The organisation also warns that legislative changes will cause a big shake-up in the private rented sector – and landlords may need a helping […]