Property118.com News Team

Tenant demand in central London bounces back

Tenant demand in central London bounces back...

Landlords with properties in central London have reported the highest levels of tenant demand across England and Wales, research from Paragon Bank reveals. It found that more than nine in 10 landlords...

Most landlords will put up rent to meet rising mortgage costs

Most landlords will put up rent to meet rising mortgage costs...

With the Bank of England set to put up its base rate this week, one firm is warning that landlords will put up rents if the base rate reaches 4.5%. The bridging finance broker Finbri says that with the...

How long will the housing market slump last?

How long will the housing market slump last?

Falling house prices will only last a couple of months, according to a new report. The findings from GetAgent reveal that while 155,000 home sellers could be hit by a price drop, the organisation says...

Cleaner has cost me over £1,000 on energy bill?

Cleaner has cost me over £1,000 on energy bill?

Hello, I wanted to share a bad experience I had this week whereby a cleaner has cost me over £1,000 in electricity. I share this as a warning to others but also I would like to know if anybody else has...

The Property Ombudsman scheme excludes six agents

The Property Ombudsman scheme excludes six agents...

In its latest report, The Property Ombudsman (TPO) reveals that it has excluded six agents from its scheme in the last quarter of 2022 for failing to pay a compensatory award. All six agents were referred...

Who is responsible for being present during repairs/maintenance – landlord or tenant?

Who is responsible for being present during repairs/maintenance...

Hello, I have a dishwasher in a rented property that has gone wrong and needs to be repaired. I understand that I am responsible for this as it was part of the tenancy. The tenant does not have time to...

PRS is vital for the economy – report

PRS is vital for the economy – report...

The private rented sector (PRS) plays a crucial social and economic role in the country, a report reveals. According to a survey carried out by the National Residential Landlords Association (NRLA), most...

Leak from upstairs flat – liability?

Leak from upstairs flat – liability?

Dear Community, I am facing a situation and your opinions will be greatly appreciated. I am a leaseholder of one flat that is my only property. I have lovely tenants living in this flat. There has been...

Buying tenanted property – can you ‘reset’ the tenancy to ensure it is valid?

Buying tenanted property – can you ‘reset’...

Hello, We are considering buying a block of 5 flats, all tenanted. Some have been on-boarded through an agent and others have not. Our concern is that at least some are not valid tenancies in which prescribed...

House builders given six weeks to sign contract for fixing unsafe buildings

House builders given six weeks to sign contract for fixing unsafe...

The government has imposed a six-week deadline for housing developers to sign legally binding contracts that will commit them to pay to repair unsafe buildings. And the government warns that companies...

Sellers will have to cut prices as buyers ‘wait-and-see’

Sellers will have to cut prices as buyers ‘wait-and-see’...

Home buyers are holding off from entering the market and are now waiting to see if house prices and mortgage rates start to fall, Zoopla’s latest House Price Index reveals. The platform says that...

Capital cost vs allowable expense?

Capital cost vs allowable expense?

Hello, Would reinstatement (like for like) following an accident to a property be considered a capital cost or allowable expense vs income? My instinct is to view it all as maintenance/repair because there...

Nearly half of tenants live with unaddressed maintenance issues

Nearly half of tenants live with unaddressed maintenance issues...

Nearly half of the UK’s ‘non-freehold tenants’ (meaning tenants or leaseholders living in flats/apartments) are living with outstanding maintenance issues in their homes, according to...

Rents hit new record highs across the country

Rents hit new record highs across the country...

Average asking rents in inner London have soared past £3,000 per month for the first time, according to Rightmove. The property portal has published data for the fourth quarter of 2022 and it also reveals...

75% of PBSA beds snapped up for the autumn term

75% of PBSA beds snapped up for the autumn term...

The struggles for students to find somewhere to live while at university look set to continue with news that 75% of purpose-built student accommodation (PBSA) has already been snapped up for the next academic...

Malicious damage – not insured?

Malicious damage – not insured?

Hello, I recently had a tenant who stopped paying rent and we did eventually manage to get her to leave on her own accord. She did however decide to smash the house (and contents) up prior to her and her...

Scottish government urged to declare a ‘national housing crisis’

Scottish government urged to declare a ‘national housing...

A Conservative MSP is calling on the Scottish Government to declare a ‘national housing crisis’ after it was revealed that 47,000 people are homeless in the country. The data from the Scottish...

Housing crisis for renters as market shifts

Housing crisis for renters as market shifts...

While there are homes to buy, tenants will struggle to rent due to a lack of rental stock and high demand, new data shows. The information and marketing services company TwentyCi has published its End...

Rent rises in Scotland and London outstrip inflation

Rent rises in Scotland and London outstrip inflation...

Rents continued to rise in the last quarter of 2022 with tenants in London and Scotland seeing their increases outstripping inflation, The Deposit Protection Service (The DPS) says. The country’s...

Plans for rental reform will ’cause chaos for students’

Plans for rental reform will ’cause chaos for students’...

‘The future vitality of the education sector is uncertain.’ That’s the warning from several organisations after plans by the government to reform the PRS run the risk of making it more challenging...

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Thursday 14th July 2011

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