Property118 | Author: Property118.com News Team - Page 95

Funding to pay deposits for new homes and mediate with landlords...

The Department for Levelling Up, Housing and Communities has today (23rd Dec) announced a £654 million funding package to be shared with all councils in England from the Homelessness Prevention Grant...

Home sellers cut prices to find a sale...

A major house price index says that the UK’s house price inflation is continuing to slow down – leading to property asking prices being slashed. According to Zoopla, house prices in November...

Rental market was chilled by the snowy weather...

Freezing temperatures and snow-hit travel disruption had a cooling effect on the country’s rental market, research reveals. Vouch and Goodlord have looked at the figures and say that after heavy...

0:01 AM, 23rd December 2022, About 2 years ago | 0

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Record year for landlord and agent fines...

Rogue landlords and letting agents have been hit with fines that averaged £90,000 per month in 2022 in a sign that council enforcement is on the rise. The findings from tech firm Kamma reveal that more...

0:02 AM, 22nd December 2022, About 2 years ago | 3

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HMRC says stamp duty tax surges by 19% to £14bn...

Stamp duty tax receipts in England surged by 19% between April and November to £14bn – an increase of £2.2 billion compared to a year ago, HMRC has revealed. In April, the levy was ‘dramatically...

Landlords feel unfairly penalised – but tenants want more...

A survey has revealed the gap in how landlords and tenants see the private rented sector – with most landlords saying they feel unfairly penalised, but tenants want more regulation. The findings...

Most student landlords are ‘concerned’ over reforms...

Government plans to reform the student rental market will lead to chaos and confusion because students won’t know if there will be any housing available for them. The warning comes from the National...

House prices to fall by 5% in 2023 – Nationwide...

Strengthening economic headwinds will hit market momentum and house sales to push property prices down by 5% in 2023, Nationwide warns. The UK’s largest building society says that a ‘relatively...

15 tenants compete for every London rental home...

The renting situation in London for tenants is laid bare with figures highlighting that 15 renters are competing for every new property, one firm says. The figures come from Foxtons and their rental index...

Tenant enquiries are four times higher than the number of available...

Not only was 2022 the most competitive rental market ever, but during peak periods there was four times the number of tenants enquiring about rental properties to move into than there were homes to rent.

Making Tax Digital for landlords is delayed by two years...

The Government has announced that the introduction of its flagship ‘Making Tax Digital’ (MTD) scheme for Income Tax Self Assessment has been shelved for two years The scheme was a crucial part...

Help for agents to navigate new Welsh housing laws...

Updated training is now available for letting agents in Wales to help them navigate the Renting Homes (Wales) Act and assist landlords and tenants. The new law is the biggest change to Welsh housing policy...

Experts warn that landlords are facing a financial ‘timebomb’...

Landlords coming to the end of a fixed-rate two-year mortgage deal are facing a ‘timebomb’ should their investments lose money, and they need to sell. An analysis by Capital Economics for the Daily...

Survey reveals just 10% of tenants are not happy with their home...

It might go against the media narrative that landlords offer poor housing, but a survey of tenants has revealed that just 10% of them are unhappy with their rented home. The findings from the TDS Charitable...

It’s time for those responsible for the PRS mess to own it...

I can’t help but wonder what the future is for the private rented sector (PRS) when I look at the combined forces joined up against us. It’s at these times I appreciate the French saying: ‘Plus...

10:00 AM, 16th December 2022, About 2 years ago | 7

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Property leaders urge Michael Gove to address PRS pressures...

Leading members of the property sector have written to Michael Gove calling on him to address the unsustainable pressures on the private rental sector. They say that Government policy needs addressing...

NRLA unveils tie-up with homelessness charity...

It might come as a surprise to many landlords, but the National Residential Landlords Association (NRLA) has announced a new partnership with Crisis, the national charity for homeless people that has,

0:01 AM, 16th December 2022, About 2 years ago | 4

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