petergortonuk@hotmail.com, Author at Property118

A wealth tax only seems fair on idle assets on which no taxes are currently paid, eg the 2nd home lying empty – not the asset achieved by the efforts of developers who are already paying taxes when they build...

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Surely any tax should be based the net value, ie the market value Minus the outstanding mortgage on it, because if the landlord sold the property his "wealth" would be this amount of residue money. And would this value be...

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Does Pennycook read these posts from Landlords? Does his team read Property118 (and other blogs like them)? I get the impression he has Nelson's eye trouble (telescope at his blind eye) " I see no ships (problems)" and only listens...

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The Tribunal rules on the RRA are ridiculous, just like Section 24. If a once a year increase will be challenged, will not be decided for 12 months, and then will apply for the following 12 months after the decision...

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I'd like to know what Pennycook is smoking, because he is clearly in cloud cuckoo land,🤣

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Rumour is that landlords selling makes the whole streets of Victorian terraces available, and Lloyds Bank and BlackRock are buying them up to build large blocks of apartments – which coincidentally lines up with Andy Burnham's promised "high density housing...

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Reply to the comment left by Jill Church at 08/05/2026 - 14:10Apparently screen shots of the property listed on Rightmove and Zoopla are encouraged as evidence of commitment to sell, but this ignores the emotional impact on the renter. And...

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So 86% of landlord sales were bought by owner occupiers – is that correct? The Savills website currently doesn't show this report (or I cannot find it). Also, how does the sale of 254,000 rental properties compare to previous years?

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Wait for the effect of the last minute S21s to roll through before counting your chickens! Count the number of rental properties and compare year on year. I suspect that many landlords have over recent months kept their property empty...

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How many + what % of the properties sold in the last 4 months have been bought by corporations like BlackRock and Lloyds Bank, and how does this compare year on year?

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This is deliberate. By forcing even more private landlords to give up the fight and exit the business the government wins twice : (1) the Treasury collect a bumper crop of capital gains tax from landlords selling up, and (2)...

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German and French Rental systems are much better for tenants and landlords, but the UK government have fudged it, making a worse system than either of these.

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The RRA is a sledgehammer to crack a very small nut. The recent Hiscox survey of thousands of tenants discovered that only 5% had a negative view of their landlord. Just 5% bad landlords, yet the RRA affects 100% of...

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What is the justification for Rent Tribunals refusing to backdate a rent increase they support? Especially if the Tribunal has caused the delay. I'm struggling to understand.🥴

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Reply to the comment left by Ian Narbeth at 10:49 Very reasonable requests. Balance is needed, with carrot as well as stick.

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Would a Charter for removing bad tenants easily, quickly and cheaply (aided by the Courts) have Good Landlords returning to the property market in droves?

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So how are ev chargers installed for blocks of flats where there is a mix of garages in a separate block and parking spaces, and how is charging paid for and controlled? Do the electric companies have solutions for these...

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Reply to the comment left by rita chawla at 23/01/2026 - 09:52A family may be more risky than your current situation. Now is the best time to raise the rent to market rate, to minimise chance of referral to a...

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Instead of fixing and removing the problems of both tenants and landlords, the RRA creates more problems for both, especially landlords.

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Google says that only 2% of PRS properties are owned by Build To Rent developers, whereas Agencies say 25% of properties for sale on Zoopla, etc are PRS Landlords selling up. If these figures are right, is the Housing Minister...

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