Page 408 – Property118

UK property prices continue to rise at the end of the Stamp Duty Holiday

2nd September 2021

As predicted, UK Property Prices are continuing to rise despite the end of the Stamp Duty Holiday, but why is property still booming? Join me in today’s Property Breaking News as I, Ranjan Bhattacharya and Andrew Roberts discuss this and more pressing articles from the last week to help you invest as a savvy entrepreneur […]

New Tenants’ Rights Minister appoint by the SNP

1st September 2021

First Minister for Scotland, Nicola Sturgeon, has appointed the Green  MSP for Glasgow. Patrick Harvie, as the Zero Carbon Buildings, Active Travel and Tenants’ Rights Minister. Harvie will lead on delivering a new deal for tenants, and ensuring building standards are fit for purpose. This appointment comes after the announcement of a coalition between the SNP […]

Generation Rent want open ended tenancies and Landlords to cover moving costs

1st September 2021

Generation Rent wants landlords to cover the moving costs of tenants if they are looking to gain possession to sell or return back to the property as their main residence. They claim these types of unwanted moves cost private renters in England £229m per year and are also calling on the government to introduce open-ended […]

288,539 empty houses in the UK

1st September 2021

As it stands, there are currently 288,539 empty houses in the UK and 68% of Brits believe they should be used to help target the nation’s homelessness crisis1; new research reveals. The research, conducted by  GoodMove using data from Gov.UK 2, reveals how many empty houses there really are in the UK, as well as […]

August House Prices up 2.1% month-on-month

1st September 2021

The latest Nationwide House Price Index report for August shows market inflation month-on-month at 2.1% and year-on-year inflation recovering to 11%, up from 10.5% in July. The average UK house price as reported by the Building Society now stands at £248,857. Robert Gardner, Nationwide’s Chief Economist, said: “House prices are now around 13% higher than […]

GOV.UK crown logo representing UK government consultation on EPC reforms

Changes requiring face to face Right to Rent checks deferred to 05/04/2022

27th August 2021

The end date for the temporary adjusted checks has now been deferred to 5 April 2022 (inclusive). We have made the decision to defer the date following the positive feedback we received about the ability to conduct checks remotely. We initiated a review of the availability of specialist technology to support a system of digital […]

Demand for pets in lets up 120% post lockdown

27th August 2021

New statistics based on Rightmove searches shows that interest in rental properties that allow pets has increased year-on-year this July by 120%. This would correspond with anecdotal evidence that many people bought pets while they were locked down in the pandemic. Increases in overall tenant enquiries were up by 13% showing the shift in demand […]

Rent increase holiday?

27th August 2021

Hi everyone, We are managing our rental property ourselves and are lucky enough to have a good couple as our tenants for nearly 5 years. In the tenancy agreement, there is a clause for rent increase which is CPI linked or 3% minimum whichever is higher. We have been increasing our rent at 3% per […]

Investor figure with gold percentage symbol representing mortgage interest rates

Interest rates reduced on 80% LTV specialist Buy to Let mortgages

27th August 2021

Interest rates have recently been reduced on 80% LTV Buy to Let mortgages. Below is a small selection of specialist BTL deals: EPC Specials: if you have a property that is rated EPC A-C, benefit from reduced rates. Stress Free BTL: No Stress Test on background portfolio & favourable rental calculations Landlords with Non-Property Income: […]

New Article 4’s are coming – What you need to know

27th August 2021

New article 4’s are coming! Act fast to seize opportunities before the door closes on you. Linda and I break down everything you need to know following a review of statements from over 30 councils! We talk about the new regulations being put in place and how we feel the councils do not understand the […]

#EndOurCladdingScandal

26th August 2021

I wondered if Property118 readers would be able to add some support to the campaign to protect leaseholders in the current cladding scandal. You could use the below link to send a template email to your MP – the site does the clever bit of finding your MP, but the template needs a little customisation […]

New-build market grinds to a halt as EWS1 argument continues to rage

26th August 2021

The latest research by StripeHomes, has revealed that new-build house prices boomed by as much as 20% across parts of England during the first half of this year, but transaction levels have ground to a halt as EWS1 requirements continue to prove problematic. StripeHomes analysed the Land Registry sold price records for new-build homes sold […]

Chronic failure to tackle criminal landlords puts tenants at risk

25th August 2021

The Government needs to address a chronic failure to tackle rogue landlords who put tenants at risk, says the national body representing landlords. With the Government pledged to publish a White Paper setting out proposed reforms for the private rented sector (PRS) in England, the National Residential Landlords Association (NRLA) is warning that every measure […]

Dropped a pole on the neighbour’s roof?

24th August 2021

I am currently carrying out renovations to our property and took on a contractor who in turn subcontracted scaffold to a scaffolder. As the scaffolder was dismantling the scaffold, he accidentally dropped a pole on the neighbour’s roof. The roof being 100 years old, the tiles were brittle and some broke. The Neighbour wants me […]

Boiler certificate held up but looking to sell?

24th August 2021

Hi Everyone, I recently had a new boiler fitted in a one-bed flat currently let on a rolling periodic AST. The job was done on 20th July and I am still waiting for the benchmark certificate from the plumber. He has blamed Glow Worm for messing things up? I want to move forward with the […]

New Class M Prior Approval Planning Permission Changes

24th August 2021

Yes on 31st July 2021 Class M EXPIRED for the conversion of 150 sqm of certain commercial properties. The Government in their infinite wisdom launched a NEW Permitted Development Right, actually a prior approval, and decided to call it class M too! In this video Linda Wright provides a detailed analysis of the 4 use […]

TPO dealt with 2,737 complaints relating to lettings in 2020

24th August 2021

Despite understandably lower enquiry levels in the first half of the year due to the pandemic, The Property Ombudsman’s (TPO) 2020 annual report reveals a significant uplift in the last two quarters as everyone seemingly settled into a ‘new normal’. Even though the sector experienced variability throughout 2020, enquiries increased year-on-year with a record 39,285 […]

Government looking to make Self Build a more mainstream option

23rd August 2021

Richard Bacon MP’s review of Custom and Self Build, commissioned by the Prime Minister, finds huge potential in the Self Build sector which could deliver 30-40,000 more homes every year, and recommends a major-scaling up of self-built homes to boost the overall housing supply. This will see homes that can be built in weeks that […]