The Times wants to speak to student landlords

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Are you a student landlord who is selling up as you find it unprofitable? Then, Ali Hussain, The Times and The Sunday Times chief money reporter would like to speak with you.

Mr Hussain would like to speak to Property118 readers about:

• Why are or were you invested in student accommodation?

View Full Article: The Times wants to speak to student landlords

Shelter slams the prospect of charity fines for handing out tents

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Homeless charity Shelter has hit out at the prospect of charities being fined for dishing out tents to homeless people under government plans – which could be revealed in tomorrow’s King’s Speech, the Sunday Times reveals.

The paper quotes Shelter’s chief executive Polly Neate as saying: “Living on the streets is not a lifestyle choice.

View Full Article: Shelter slams the prospect of charity fines for handing out tents

Councils spend £1.74 billion on temporary accommodation for the homeless

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The Local Government Association (LGA) has warned that homelessness has reached record levels, with 104,000 households living in temporary accommodation at the end of March 2023.

This is an 89% increase over the past decade and the highest figure since records began in 1998.

View Full Article: Councils spend £1.74 billion on temporary accommodation for the homeless

45 Minutes with Mark Alexander on The HMO Podcast

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The founder of Property118, Mark Alexander, recently appeared on The HMO Podcast to share his 36 years of experience in property, finance tax and law.

The podcast is entitled: ‘Building A 7-Figure Property Business, Tax Planning, And The Future Of The PRS’.

View Full Article: 45 Minutes with Mark Alexander on The HMO Podcast

Why the Renters’ Reform Coalition is bad for landlords AND tenants

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The Renters’ Reform Coalition (RRC) is a group of organisations that claim to fight for tenants’ rights, but in reality, they are harming both landlords and tenants in the private rented sector (PRS). They are pushing for radical changes that would make renting more expensive

View Full Article: Why the Renters’ Reform Coalition is bad for landlords AND tenants

Landlords are ‘being pushed out of’ the PRS

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The Government’s inaction and the rising interest rates are driving landlords out of the rental market, according to a new report.

The study by Yorkshire Building Society (YBS) revealed that more than half of landlords feel they are being ‘squeezed out’

View Full Article: Landlords are ‘being pushed out of’ the PRS

Edinburgh declares housing emergency amid PRS crisis

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Edinburgh has become the first city council in Scotland to declare a housing emergency, as it faces a ‘crisis’ in both the public and private renting sectors.

The declaration was made after a motion by the council’s housing convener

View Full Article: Edinburgh declares housing emergency amid PRS crisis

Bank of England holds firm at 5.25%

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The Bank of England’s Monetary Policy Committee (MPC) voted 6 to 3 to maintain the Bank Base Rate at 5.25%. Despite the Fed freezing the US rate yesterday, three MPC members still voted to increase the Base Rate by 0.25%.

View Full Article: Bank of England holds firm at 5.25%

BoE leaves interest rate unchanged – property sector reacts

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UK interest rates have been left unchanged at 5.25% by the Bank of England in a move economists had expected.

The Bank had previously raised rates 14 times in a row to tame inflation, leading to increases in mortgage payments but also higher savings rates.

View Full Article: BoE leaves interest rate unchanged – property sector reacts

London’s rough sleeping crisis hits record high, councils warn

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London is facing a rough sleeping crisis as new data shows that the number of people sleeping on the streets has reached a record high.

According to the latest figures from the Combined Homelessness and Information Network (CHAIN)

View Full Article: London’s rough sleeping crisis hits record high, councils warn