Property118 | Author: Property118.com News Team - Page 4

Rent arrears soar by 22%...

Landlords in the UK have seen rent arrears soar with the average claim reaching £2,064 in the third quarter – a 22% year-on-year increase. According to data from deposit alternative provider Reposit,

0:01 AM, 12th November 2024, About 2 weeks ago | 2

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Andy Burnham claims the Good Landlord Charter will raise standards...

The Mayor of Greater Manchester, Andy Burnham, says he “does not want landlords to leave the market”. Mr Burnham claims the Good Landlord Charter will help push out rogue landlords and provide recognition...

9:45 AM, 11th November 2024, About 2 weeks ago | 15

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London council to expand its selective licensing scheme...

A London council is looking at a significant expansion of its selective licensing scheme which will cost landlords £923. After being launched in four wards, the scheme will now cover most of the borough,

Rent growth will slow down – but remain higher than inflation...

Rent price growth is set to slow down but will still outpace inflation, Hamptons reveals. The estate agency is predicting that rents will rise by 4.5% in the final quarter of 2024 – and by the same...

Rent and mortgage spending reaches record highs amid growing...

Spending on rent and mortgages has hit its highest levels this year, according to Barclays Property Insights report. The report reveals rent and mortgage spending grew by 6.4% in October, the highest rate...

0:02 AM, 11th November 2024, About 2 weeks ago | 0

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Propertymark supports Welsh government’s proposal to simplify...

An industry body has welcomed the Welsh government’s proposal to reform the “unfair” way HMOs (Houses in Multiple in Occupation) are charged for council tax. Propertymark has praised the Welsh government’s...

Prime Minister and Chancellor cash in while claiming to support...

The Prime Minister is raking in thousands as a landlord, despite avoiding commenting on whether landlords are considered ‘working people.’ According to reports in the Telegraph and the Daily Mail,

10:09 AM, 8th November 2024, About 3 weeks ago | 6

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Together offers flexible commercial finance with adjustable fees...

Specialist lender Together has introduced a new level of flexibility to its commercial finance products. Customers can now choose from a range of lender arrangement fees across its buy to let mortgages...

Landlords will bear the brunt of Labour’s Budget...

Landlords are facing the prospect of picking up the bill for Chancellor Rachel Reeves’ recent Budget, says Nick Lyons. The chief executive of property inventory firm NoLettingGo says the increased...

0:05 AM, 8th November 2024, About 3 weeks ago | 1

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Property auctioneers fear stamp duty hike will squeeze PRS...

Auctioneers believe that last week’s Budget move to increase the higher rate for Additional Dwellings from 3% to 5% will discourage investment in the private rented sector (PRS). NAVA Propertymark,

0:04 AM, 8th November 2024, About 3 weeks ago | 0

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Housing Minister dismisses landlord exodus amid concerns of shift...

The Renters’ Rights Bill will push landlords out of the sector and into short-term holiday lets, warn MPs. During a Renters’ Rights Bill Committee meeting, some MPs expressed concerns about the bill’s...

Chain-free homes surge as landlords rush to beat tax increases...

One week after the Budget, landlords and second homeowners are selling up, bracing for higher taxes and council tax premiums. According to Zoopla, a third of homes for sale on the property website are...

Bank of England reduce Bank Base Rate by 0.25% despite inflationary...

The Bank of England’s Monetary Policy Committee (MPC) Hawks won out today voting by 8 – 1 to reduce the Bank Base rate by 0.25% from 5% to 4.75%. This was despite a recent Labour Budget widely...

12:22 PM, 7th November 2024, About 3 weeks ago | 3

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UK house prices hit new record high...

The average UK house price edged up 0.2% in October despite the economic uncertainty, marking the fourth consecutive monthly increase, Halifax reveals. It means a typical property price has reached a new...

9:46 AM, 7th November 2024, About 3 weeks ago | 0

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Shawbrook expands commercial loan offerings for landlords...

Shawbrook Bank has unveiled a series of enhancements to its commercial investment products, designed to bolster support for property investors aiming to diversify and grow their portfolios with commercial...

Record numbers of Londoners leaving capital as housing costs...

Londoners are increasingly choosing to leave the capital amid post-election uncertainty and high house prices. Data from Compare My Move shows fewer Londoners staying local, with 37% of residents now choosing...

New platform helps landlords navigate the Renters’ Rights...

Letting technology platform Goodlord is helping letting agents and landlords prepare for the upcoming Renters’ Rights Bill with a series of new product offerings and partnerships. This move comes...

0:02 AM, 7th November 2024, About 3 weeks ago | 0

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