137 properties a day have the asking price slashed

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Property investors will be interested in the latest research that reveals home sellers are cutting their asking prices at a rate of 137 properties a day in England, as they try to attract buyers in a cooler market.

The survey from national estate agency Yopa is based on data from Zoopla and of the homes listed for sale over the last 30 days and how many of these homes have already resorted to reducing the asking price.

View Full Article: 137 properties a day have the asking price slashed

Daily Telegraph wants to speak to landlords facing issues with cladding

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Are you a landlord who is facing problems because of cladding? Then, Alexa Phillips, the property and money reporter for the Telegraph would like to speak with you.

Alexa would like to ask Property118 readers about:

• Are you having problems selling a property because of cladding?

View Full Article: Daily Telegraph wants to speak to landlords facing issues with cladding

UK property prices rise again in November

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House prices in the UK increased by 0.5% in November, the second consecutive monthly rise, the Halifax house price index reveals.

The average price of a home now stands at £283,615, which is £40,000 higher than before the pandemic.

View Full Article: UK property prices rise again in November

Zoopla boss blames record migration for UK rent crisis

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The UK is facing a rent crisis as record net migration has increased the demand for rental accommodation, according to the boss of Zoopla, one of the UK’s leading property websites.

Richard Donnell, the executive director of Zoopla

View Full Article: Zoopla boss blames record migration for UK rent crisis

Labour wants to ban tenant bidding wars – landlord explains why that won’t work

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The Labour Party says it wants the UK to outlaw tenant bidding wars for rented homes, adopting a New Zealand policy, the Party’s Shadow Housing Minister, Matthew Pennycook, says.

Several Australian states have also apparently followed suit and Labour says the practice ‘creates a competition among tenants’

View Full Article: Labour wants to ban tenant bidding wars – landlord explains why that won’t work

Freehold to leasehold flat – should I abandon the sale?

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Hi everyone, I had an offer accepted on a top floor flat which shares the building (built late 1800s) with two other flats. Each flat has its own freehold and each owner wants to convert the freeholds to leaseholds ASAP.

View Full Article: Freehold to leasehold flat – should I abandon the sale?

Landlords increase rent to cope with higher mortgage costs

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The majority of buy to let landlords in the UK have increased rent in the past year, mainly to cover higher mortgage costs, a new survey reveals.

The findings from Landbay, which polled 1,000 landlords, revealed that 76% of them have raised rent over the past 12 months

View Full Article: Landlords increase rent to cope with higher mortgage costs

Sadiq Khan wants EPC measures for the PRS reinstated

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The mayor of London, Sadiq Khan, is calling for the legal power to impose a rent freeze in the capital AND reinstate the minimum EPC requirement for rented homes.

He says that London’s renters could be paying more for their energy bills for years to come after the Prime Minister Rishi Sunak ditched the need for landlords to offer homes with an Energy Performance Certificate (EPC) rating of at least C.

View Full Article: Sadiq Khan wants EPC measures for the PRS reinstated

Tenant’s deposit not registered by agent?

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Hello, Where does the landlord stand from the legal point on the following scenario?

Tenant paid deposit when he moved in but apparently the letting agent didn’t register the deposit with any of the government backed schemes. Tenant had signed his AST tenancy agreement which stated that his deposit will be deposited with DPS.

View Full Article: Tenant’s deposit not registered by agent?

Renters are happy with location and flexibility, but not landlords or agents

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Most renters (76%) are happy with their current rented home, and more than half (54%) live in their preferred area, but many are dissatisfied with their landlords and letting agents, a new report reveals.

The findings from OSB Group also found that tenants also value the flexibility of renting

View Full Article: Renters are happy with location and flexibility, but not landlords or agents