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UK Property Market Summary and Predictions for 2023

UK Property Market Summary and Predictions for 2023

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The UK property market has undoubtedly seen a tumultuous period since the end of 2022.Fluctuating statistics, record-breaking demand, falling supply, and concerning economic projections have left many investors scratching their heads and wondering:

Landlords are now selling at a record rate despite house price falls

Landlords are now selling at a record rate despite house price falls

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In an almost unanimous decision, landlords are throwing in the towel, opting to take the cash and sell their property portfolios. It seems that the gravy train for buy-to-lets

Political battles intensify over spread of noisy student HMOs in NI

Political battles intensify over spread of noisy student HMOs in NI

News

Northern Ireland officials have refused to get tougher on HMO landlords despite pleas from Belfast councillors that parts of the city are becoming over-run and affected by ant

Rental deposit alternatives catching on as interest rates and rents rise - claim

Rental deposit alternatives catching on as interest rates and rents rise - claim

News

Growing numbers of tenants are turning to deposit alternative products as inflation, high rents and interest rate rises make it more attractive to hold on to their money to sp

Letting agencies warned over 'illegal and outrageous' deposit deductions

Letting agencies warned over 'illegal and outrageous' deposit deductions

Opinion

A shocked landlord has revealed on social media that their letting agency illegally deducted its �tenant finding' fee from the tenancy deposits of the renters involved.</p

'Build-to-Rent doesn't cherry pick posh tenants' insists leading figure

'Build-to-Rent doesn't cherry pick posh tenants' insists leading figure

News

The boss of a build-to-rent (BTR) property search website has insisted the sector is not out to only attract more affluent tenants, despite criticism in the past that it does.

Official 'repairs tool' launches to help tenants fight landlords and agents

Official 'repairs tool' launches to help tenants fight landlords and agents

Information

The Ministry of Justice (MoJ) has launched a tool that helps tenants take on landlords or letting agents who are failing to repair or maintain properties to the required stand

Tribunals 'not fair and weighted towards tenants' says frustrated landlord

Tribunals 'not fair and weighted towards tenants' says frustrated landlord

News

A landlord who's being threatened with a massive rent repayment order has told of his frustration at a court system that is unfairly weighted towards tenants.

Landlords need clarity on changes to EPCs before it's too late, says property firm

Landlords need clarity on changes to EPCs before it's too late, says property firm

News

A well-known property firm has made the unusual move of criticising the Government for not letting landlords know how they will afford and implement the proposed tightending o

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Book Review: How to Become a Successful Property Investor

Book Review: How to Become a Successful Property Investor

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News
Podcast
Opinion
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This is a book I wish I’d had available when I first started out on my own property investing career

WARNING: Banning Section 21 will cause 'chaos' unless courts property funded

WARNING: Banning Section 21 will cause 'chaos' unless courts property funded

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News
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Opinion
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The government’s reluctance to properly fund eviction courts could cause chaos once the Renters’ Rights Bill becomes law, a leading lawyer has warned.

SHOCK: Tenants £17,000 in arrears seek £16,800 rent repayment order

SHOCK: Tenants £17,000 in arrears seek £16,800 rent repayment order

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News
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Opinion
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A landlord caught out for having an unlicensed property has managed to get her fine slashed after a First Tier Property Tribunal heard that the tenants owed more than £17,000 in rent.

Leasehold reform takes first steps forward - but it's 'too slow'

Leasehold reform takes first steps forward - but it's 'too slow'

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News
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Opinion
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Landlords who buy leasehold apartments will next month be able to extend the property’s lease without having to wait two years, as it presently the case.

Landlord slams tenant group's 'childish' social post

Landlord slams tenant group's 'childish' social post

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News
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A fed-up landlord has challenged tenants’ union Acorn for using social media to relentlessly bash the PRS without considering the bigger picture.

Landlords: Should You Hold or Sell Before Time Runs Out To Act Before The Renters’ Rights bill becomes law?

Landlords: Should You Hold or Sell Before Time Runs Out To Act Before The Renters’ Rights bill becomes law?

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News
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Opinion
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The decision to hold onto your rental properties or sell them is more critical than ever – landlords everywhere are taking time to weigh up the balance between risk and profit.

Tenants live in BTR homes for less time than traditional rentals

Tenants live in BTR homes for less time than traditional rentals

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News
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Opinion
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Tenants are living in build-to-rent developments for less time than their counterparts in the traditional PRS – suggesting that they are not the panacea for the housing crisis that is often claimed.

Landlord who ignored outbuilding demolition order fined £23,000

Landlord who ignored outbuilding demolition order fined £23,000

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News
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A landlord who built an illegal outbuilding to store his tenants’ belongings has been ordered to pay more than £23,000.

EXPERTS: What will happen next to BTL mortgage interest rates?

EXPERTS: What will happen next to BTL mortgage interest rates?

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News
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Opinion
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Buy-to-let mortgage rates could fall slightly soon after creeping up since the Autumn Budget, according to financial experts.

Airbnb boss reveals plans to go into longer-term property rentals

Airbnb boss reveals plans to go into longer-term property rentals

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News
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Opinion
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Landlords may soon be able to rent their homes out via Airbnb to more than just holiday makers, its co-founder has revealed.

North East landlords' meet to help landlords 'weather the storm'

North East landlords' meet to help landlords 'weather the storm'

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TV star and evictions expert Paul Shamplina is due to give landlords advice on how Labour’s looming and significant changes to the way homes are rented in England and Wales will impact them at an event on Thursday, September 26th.

Landlord couple who ignored HMO rules fined £18,000 by court

Landlord couple who ignored HMO rules fined £18,000 by court

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News
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A landlord couple who ignored requests from the local authority and Planning Inspectorate to stop using their property as an HMO have been fined £18,000.

Miliband says rented homes under EPC minimum 'C' will be banned

Miliband says rented homes under EPC minimum 'C' will be banned

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News
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Opinion
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Ed Miliband, Labour’s Energy Security and Net Zero Secretary, has told the party’s annual conference that landlords will have to upgrade their homes to a minimum EPC ‘C’ rating by 2030 or be unable to rent their properties legally.

'Renting reforms and EPC upgrades will push out benefits landlords'

'Renting reforms and EPC upgrades will push out benefits landlords'

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News
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Opinion
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A benefits landlord has voiced fears that new laws and standards in the PRS will force her -and others like her - to stop renting to social tenants.

Mould 'clamp down' plans for landlords 'imminent' says Rayner

Mould 'clamp down' plans for landlords 'imminent' says Rayner

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News
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Opinion
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Labour will continue to ramp up the pressure on landlords to update their properties by consulting on a Decent Homes Standard.

Landlord fined £5,000 after failing to get HMO licence

Landlord fined £5,000 after failing to get HMO licence

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News
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Opinion
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A landlord in Colchester has been handed a £5,000 civil penalty notice for failing to license his unsafe HMO.

Threatened tax changes could mean landlords lose most of their capital gains

Threatened tax changes could mean landlords lose most of their capital gains

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News
Podcast
Opinion
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Rumours of hikes in capital gains tax (CGT) have landlords running for the exit

Investment property is a steal - but there's a catch

Investment property is a steal - but there's a catch

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News
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Opinion
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Information

Landlords with a burning ambition to take on a major project might consider bidding on this home in the Welsh valleys, priced £0.

EXPERT: Clarity needed over PBSA exemption from reforms

EXPERT: Clarity needed over PBSA exemption from reforms

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News
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Opinion
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There is confusion around whether Purpose-Built Student Accommodation will be exempt from changes in the Renters’ Rights Bill.

Borough's HMO landlords trial new appeals portal

Borough's HMO landlords trial new appeals portal

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News
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Opinion
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Landlords in Barnet who are refused permission for change of use to an HMO can challenge the decision through a new online portal.

BTL mortgage rates fall despite interest rate hold

BTL mortgage rates fall despite interest rate hold

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News
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Opinion
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Information

The Bank of England has resisted the temptation to cut interest rates, which remain at 5%.

REPORT: Scots law fails to significantly improve PRS

REPORT: Scots law fails to significantly improve PRS

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News
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Opinion
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Legislation in Scotland has done little to improve affordability in the PRS, according to new research.

Utilita Energy Helps Landlords Winterproof Properties in Fight Against Mould and Damp

Utilita Energy Helps Landlords Winterproof Properties in Fight Against Mould and Damp

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News
Podcast
Opinion
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Times are hard for tenants and landlords alike and this coming winter is causing a worry for many. Almost a quarter of households are already in energy arrears and 9 out of 10 households are worried about increasing energy bills. With heating being the largest proportion of the average energy bill,

Tenant lifestyle not always to blame for damp, says legal expert

Tenant lifestyle not always to blame for damp, says legal expert

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News
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Landlords should not be so quick to lay the blame on tenants for problems and instead use new tools to tackle issues.

Rental prices continue to climb at near-record rate

Rental prices continue to climb at near-record rate

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News
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Opinion
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Information

Average UK private rents increased by 8.4% in the 12 months to August, down from 8.6% in the 12 months to July.

Portfolio landlords buying more properties through companies

Portfolio landlords buying more properties through companies

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News
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Opinion
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Landlords who use limited company structures are incorporating a much larger proportion of their portfolios to mitigate tax changes.

Generous renters dip deep to help homeless youngsters

Generous renters dip deep to help homeless youngsters

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News
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Opinion
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Information

Kind-hearted mydeposits customers have donated more than £66,000 of interest earned on their deposits to the Centrepoint charity.

New rules on standards as Renters’ Rights Bill published

New rules on standards as Renters’ Rights Bill published

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News
Podcast
Opinion
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The Government’s Renters’ Rights Bill has been published and could be introduced as soon as spring next year. James Kent, the NRLA’s Chief Innovation Officer and founder of the digital compliance platform Safe2 explores what the Bill proposes when it comes to safety and standards in your rental home

Landlords urged to offer more tenant-friendly technology

Landlords urged to offer more tenant-friendly technology

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News
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Opinion
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Nearly three-quarters of UK tenants (73%) who aren’t using digital tools in their rental properties would like to give them a try.

Edinburgh landlords win legal challenge over suspensions

Edinburgh landlords win legal challenge over suspensions

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News
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Short-term let landlords in Edinburgh have won a third successful challenge against the council’s licensing scheme.

Think Digital: Proptech to come under the microscope at NRLA Conference

Think Digital: Proptech to come under the microscope at NRLA Conference

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News
Podcast
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With one eye on the horizon the NRLA is always looking for ways to streamline the lettings process, making it quicker and easier for landlords and tenants. Here James Kent, the NRLA’s Chief Innovation Officer, and founder of digital compliance platform Safe2, looks forward to the association’s 2024

Renters' Rights Bill due back in Commons next month

Renters' Rights Bill due back in Commons next month

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News
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The Renters’ Rights Bill returns to the Commons for its second reading next month, as the new government fast-tracks its shake up of the PRS.

Landlord fined for failing to improve cold and mouldy home

Landlord fined for failing to improve cold and mouldy home

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News
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Opinion
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A rogue landlord who persistently ignored requests to carry out improvement works on her property has been ordered to pay £2,400.

TECH: Platform delivers insights to ease property-buying process

TECH: Platform delivers insights to ease property-buying process

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News
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Landlords are being encouraged to trial a tech tool that gives them new insights to make property buying less risky.