Mission Statement; “Facilitating the sharing of best practice in the UK Private Rented Sector”

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News

Property118
property118.com > propertymark-calls-for-clearer-guidance-as-rent-tribunal-cases-surge

Propertymark calls for clearer guidance as rent tribunal cases surge

3+ day, 18+ hour ago   (483+ words) An industry body has called for more clarity around the tribunal process under the Renters’ Rights Act. Propertymark has warned that, with rent tribunal cases surging, there needs to be clearer guidance and understanding of the evidence tribunals consider. The…...

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property118.com > edinburgh-has-the-biggest-flatshare-rent-shortfall

Edinburgh has the biggest flatshare rent shortfall

4+ day, 18+ hour ago   (363+ words) Edinburgh’s flatsharers face the biggest gap between what they budget for a room and what landlords are asking, according to SpareRoom. Edinburgh flatsharers were looking to spend £748 for the average room being advertised at £834, an annual difference of £1,028. Elsewhere, the…...

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 > scottish-landlords-can-still-take-control-of-their-future-in-the-prs

Scottish landlords can still take control of their future in the PRS

5+ day, 18+ hour ago   (742+ words) All of us in the Scottish private rented sector understand the nature of difficult decisions. Many of us have friends and colleagues who are currently considering whether to remain in the sector, downsize their portfolios or simply leave it entirely....

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 > professor-warns-renters-rights-act-has-backfired-on-tenants

Professor warns Renters’ Rights Act has backfired on tenants

5+ day, 18+ hour ago   (412+ words) A professor has warned the Renters’ Rights Act has caused changes in the private rented sector which are proving “ineffective or have perverse outcomes”. Writing in the Telegraph, Tim Leunig, professor of economic history at the London School of Economics,…...

Property118
property118.com > rightmove-adds-section-13-rent-review-tool-for-agents

Rightmove adds Section 13 rent review tool for agents

6+ day, 18+ hour ago   (308+ words) Rightmove has added a rent review function to its Tenancy Manager platform to help letting agents adjust their processes following changes introduced by the Renters’ Rights Act. The update allows agents to create and serve a Section 13 rent increase notice…...

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 > guarantor-gap-limits-tenant-prs-choices-lrg

Guarantor gap limits tenant PRS choices - LRG

1+ week, 18+ hour ago   (413+ words) Tenants who don’t have family or friends willing to act as guarantors could be narrowing their housing choices before the search has really got going, research suggests. More than half of surveyed tenants (51%), said they would look for a cheaper…...