Rents are anticipated to increase firmly over the near term

RICS have today released their UK Residential Market Survey current up to November 2021.

In the lettings market, tenant demand saw another solid monthly increase in November with a net balance of +48% of respondents citing a rise.

The post Rents are anticipated to increase firmly over the near term appeared first on Property118.

Shelter – “We predicted the pandemic would trigger a rising tide of evictions”

Research released by Shelter in their press release today indicates more than 274,000 people are homeless in England right now, including 126,000 children and goes on to say:

Analysis of official rough-sleeping and temporary accommodation figures shows that one in every 206 people in England are currently without a home.

The post Shelter – “We predicted the pandemic would trigger a rising tide of evictions” appeared first on Property118.

Cost of Property maintenance increased 17% this winter

Market analysis, by Benham and Reeves, has revealed how the cost of maintaining our homes this winter is as much as 17% higher than it was this time last year. They researched the average cost of maintaining a property which can include everything from cleaning the gutters

The post Cost of Property maintenance increased 17% this winter appeared first on Property118.

Fire risk assessment wants new 60-min door?

I have been told I need to replace a 30-min fire door (it’s a door in a communal hallway leading to an empty basement which is completely closed off and locked) with a 60-min fire door.

Is this actually necessary?

The post Fire risk assessment wants new 60-min door? appeared first on Property118.

Tenants in arrears are falling further behind

Average rent debts still owed by renters as a result of the pandemic have increased by 41% since May according to new research. A survey of over 2,000 private renters in England and Wales by research consultancy Dynata for the NRLA found that average COVID related rent arrears owed by affected tenants had increased to £1,270

The post Tenants in arrears are falling further behind appeared first on Property118.

Bristol, Oxford and Cambridge best cities to invest in for 2022

Aldermore’s Buy to Let City Tracker1, has named Bristol, Oxford and Cambridge as the best cities for landlords to invest in for 2022.

The Tracker analyses and assesses five key indicators that impact buy to let desirability: average total rent

The post Bristol, Oxford and Cambridge best cities to invest in for 2022 appeared first on Property118.

Joint tenancy obligations for lad that has had to quit?

The Basic scenario is: HMO joint tenancy, five tenants. On a fixed element for first 12 months. Then break clause kicks in at one-month notice upon renewal of the next contract due July 22.

One poor lad (tenant) has had to quit university for his mental health

The post Joint tenancy obligations for lad that has had to quit? appeared first on Property118.

Helping a tenant find alternative accommodation with insured guarantor?

I have a tenant with a cash deposit and Rent In Advance (RIA) ready to go. He gets paid £700 direct by the DWP and tops up the rest (total rent is £875).

He can clearly show that DWP pay the £700 direct and has done since he moved in back in 2012 –

The post Helping a tenant find alternative accommodation with insured guarantor? appeared first on Property118.

My latest UK Property Investment Deal

See my new UK property investment deal and discover how you can apply this investing in property strategy in 2022.

In this video below, I share my latest Property Investment Deal secured with group funding.

Discover what this deal is all about and how you can find similar opportunities in 2022.

The post My latest UK Property Investment Deal appeared first on Property118.

November house prices up 8.2% year-on-year

The latest Halifax House Price Index for November is showing annual price inflation at 8.2%, a monthly increase of 1% and the new UK average house value standing at £272,992.

The average house price in Wales has broken the £200k barrier for the first time at £204,148.

The post November house prices up 8.2% year-on-year appeared first on Property118.

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