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News

Property118
property118.com > council-funds-rent-guarantor-cover-for-private-tenants

Council funds rent guarantor cover for private tenants

4+ day, 18+ hour ago   (289+ words) Northumberland County Council is paying for guarantor insurance to help tenants secure homes in the private rented sector. The scheme targets potential tenants who can afford a tenancy but cannot provide a qualifying relative or other person to be their…...

Property118
property118.com > should-you-still-consider-a-rent-to-buy

Should you still consider a ‘rent to buy’?

5+ day, 6+ hour ago   (238+ words) I’ve recently been asked a number of times if this still works under the Renters’ Rights Act 2025, I guess because I wrote and published the first book on what the Renters’ Rights Bill 2024 proposed. My response is that for private…...

Property118
property118.com > propertymark-calls-for-faster-leasehold-reform

Propertymark calls for faster leasehold reform

5+ day, 18+ hour ago   (504+ words) Propertymark is urging the government to speed up leasehold reform after research found 93% of leaseholders would not buy another leasehold property. Its survey of more than 1,200 leaseholders and 200 Propertymark members found 86% had seen service charges rise during the past two…...

Property118
property118.com > house-prices-see-first-annual-drop-since-2023

House prices see first annual drop since 2023

1+ week, 8+ hour ago   (789+ words) House prices have fallen year-on-year for the first time since November 2023, according to the latest Lloyds house price index. Average values were 0.4% lower in August than a year earlier, while prices also slipped by 0.2% during the month. The average property…...

Property118
property118.com > scotlands-house-prices-rise-1-8

Scotland's house prices rise 1.8%

1+ week, 8+ hour ago   (368+ words) Average house prices in Scotland rose by £3,471 over the year to June, taking the average from £191,884 to £195,355. The figures from DJ Alexander Scotland show that the 1.8% annual increase was higher than in England and Wales, where average prices rose by…...

Property118
property118.com > renters-rights-act-piles-work-on-letting-agents

Renters' Rights Act piles work on letting agents

1+ week, 4+ day ago   (364+ words) Landlords using letting agents may face slower communication and decisions as the Renters’ Rights Act adds to their administrative workloads. Research from Propoly found that 73% of letting agents have seen their workload rise since the legislation came into force on…...

Property118
property118.com > hm-land-registry-launches-tool-for-accurate-sales-data

HM Land Registry launches tool for accurate sales data

1+ week, 4+ day ago   (306+ words) HM Land Registry has launched new property identifiers designed to improve the accuracy of property sales data. Unique Property Reference Numbers (UPRNs) and INSPIRE IDs are now available alongside the monthly Price Paid Data. The government says Price Paid Data…...

Property118
property118.com > guarantor-reliance-surges-as-renters-face-growing-affordability-pressures

Guarantor reliance surges as renters face growing affordability pressures

1+ week, 5+ day ago   (457+ words) Guarantor reliance for tenants has doubled in the last 18 months as landlords look for greater financial security. Data from HomeLet reveals the share of accepted applications requiring a guarantor has risen from around 9% in January 2025 to 18.4% in July 2026, with almost…...

Property118
property118.com > revealed-commuter-towns-with-strongest-asking-price-growth

Revealed: Commuter towns with strongest asking price growth

1+ week, 6+ day ago   (417+ words) The strongest growth in asking prices is in commuter towns around Glasgow and Manchester, according to Rightmove. Data from the property portal reveals that ten of the 15 fastest-growing hotspots are located around the two cities. However, asking prices in London…...

Property118
property118.com > scottish-rents-dip-as-rent-control-assessments-loom

Scottish rents dip as rent control assessments loom

2+ week, 4+ day ago   (396+ words) Annual rents in Scotland fell by 0.2% in the second quarter of 2026 as the country’s three largest cities recorded little movement from a year earlier. The latest Citylets figures show rent levels in the main markets have changed little as supply…...