Page 171 – Property118

Fleet expands HMO range and MFS lowers BTL rates

11th September 2024

Fleet Mortgages has announced a big expansion of its houses in multiple occupation (HMO) mortgage range. MFS has also announced that it is lowering rates on all of its products. The lender has introduced new zero and fixed-fee products while also reducing rates on existing HMO, standard and limited company mortgages. Key highlights of the […]

What can I do about my tenant’s rent arrears?

11th September 2024

Hi, my tenant has accrued rent arrears of £15,750 and counting, with unpaid rent dating back to December 2023. A Section 21 notice was served and acknowledged by the tenant, and the two-month notice period has elapsed. However, I have not received any evidence of court filing, engagement letters, or case file references from the […]

Rising house prices compared to income growth shown with houses on stacked coins

UK house prices surge to outpace inflation

11th September 2024

The UK housing market is experiencing a resurgence as house prices continue to outpace inflation, according to a new analysis. Peer-to-peer real estate investment platform easyMoney says the proportion of local authority districts seeing house price growth exceed inflation has grown from 2.8% to 44.2% in the past year. It compared average annual house price […]

pic of EPC home energy clipboard landlord gov target 2028 property118

Is an EPC required for every new tenancy?

11th September 2024

Hi, grateful for advice please as there seems to be some conflicting information out there. I understand an EPC and EICR are compulsory for tenanted properties. Am I right in thinking that a new EPC has to be obtained on a change of tenancy, regardless of when it was issued, but an EICR lasts for […]

Red double-decker bus passing through central London street with historic and modern buildings.

London’s top 5 BTL investment hotspots unveiled

11th September 2024

London’s property market is heating up once again, offering lucrative opportunities for buy to let investors and research reveals which are the top five boroughs for the highest rental returns. A new report by SBA Property Management highlights that the best borough in the capital for landlord investment is Tower Hamlets. Average property values there […]

Energy efficiency rating chart shaped like a house with 2030 target for EPC C goal.

How Are You Preparing for the 2030 EPC Requirements?

10th September 2024

With Ed Miliband proposing a 2030 deadline for tougher EPC rules, many landlords are wondering how to prepare for the upcoming changes. By 2030, all rental properties will need to achieve a minimum EPC rating of C. This article aims to open up a dialogue among Property118 members about how you’re preparing for these upcoming […]

Landlord and Tenant Rescued from Seemingly Impossible Financial Predicament

10th September 2024

When financial pressures mount, it’s easy to feel like there’s no way out. But this story shows that even the toughest situations can have a positive outcome when landlords and tenants work together. Just last month, an East-Anglian-based landlord approached me, facing what seemed like an impossible choice. She had just informed her tenant—a disabled […]

Louisa Sedgwick, the managing director of Paragon Bank,

Best cities for student landlord yields revealed

10th September 2024

Stoke-on-Trent has emerged as the UK’s top university town for landlords seeking high yields, according to a new analysis by Paragon Bank. Its study of buy to let mortgage offers in popular student postcodes found that landlords in Stoke achieved an average yield of 9.43%. Landlords in Stoke, who are providing accommodation to students studying […]

Landlords urged to check council’s licensing requirements

10th September 2024

Sandwell Council is urging private landlords to check if they need to apply for a housing license under a new scheme being introduced on October 1. The borough-wide additional licensing scheme covers all Houses in Multiple Occupation (HMOs), bedsits and rooms in houses that are not already subject to mandatory licensing. Landlords who rent out […]

Middlesbrough landlords slam selective licensing fee property118

Council crackdown on derelict homes includes targeting landlords

10th September 2024

Landlords are at the forefront of one council’s bid to ramp up pressure on the owners of more than 2,000 empty and derelict homes in the town, the Northern Echo reveals. The council will use more enforcement powers to target the worst offenders – along with ‘nudging’ landlords to improve their properties. Plus, the council […]

Person reviewing roof repair costs and housing documents at a desk with miniature house models

Council will spend £2.5m outsourcing its selective licensing operation

10th September 2024

A council is to spend £2.5 million outsourcing its licensing of private rented homes within the city to deal with ‘challenges with staffing and IT infrastructure’. The decision was made at a recent cabinet meeting after councillors were informed that the council’s current resources were insufficient to maintain in-house licensing. A report presented to the […]

Claiming solicitor costs (not court fees) from tenant deposit?

10th September 2024

Hi, my tenant refused to leave by the section 21 deadline, so I had to file an accelerated possession order claim with the court to remove them. I tried to keep legal advice to a minimum and only had a solicitor sanitize and submit my N5B possession form and supporting documents. On the form, I […]

Propertymark representative promoting landlord support in upcoming Welsh Budget

Propertymark calls for financial aid to meet landlord EPC targets

10th September 2024

Propertymark has called on the UK government to provide financial and practical support to help landlords meet the proposed Minimum Energy Efficiency Standards (MEES) by 2030. The trade body for property agents should be able to access grants, interest free loans and tax incentives. It wrote to energy security and net zero secretary of state, […]

How to Buy Your First Buy-to-Let Property While Living at Home | Beginner’s Guide

9th September 2024

If you’re young, living at home, and eager to become a property investor, you’re not alone. Starting your buy-to-let journey early can be incredibly rewarding, but it comes with its challenges. Here’s a step-by-step guide to help you navigate the process and turn your property dreams into reality. Qualifying for a Mortgage: Getting Started One […]

Finding Contractors for Grant-Based Work and Support with Applications

9th September 2024

As a landlord keen to explore the grant opportunities discussed in your recent article, I am eager to make the most of the available funding for property improvements. However, I’m finding it incredibly frustrating to locate contractors who are not only capable of carrying out the necessary works but can also provide guidance and assistance […]

Houses of Parliament in London viewed from across the River Thames

Renters’ Rights Bill to be introduced this week

9th September 2024

The Renters’ Rights Bill will be introduced in the House of Commons this week which will see Section 21 ‘no-fault’ evictions being banned when the Bill becomes law. Labour will not be waiting for the court backlog to be cleared beforehand, the Guardian newspaper claims. That is despite warnings that the court system will not […]

How to Unblock a Toilet: A Humorous Guide to Tackling a Blocked Loo

9th September 2024

Ah, the humble toilet. We often take this porcelain throne for granted, assuming it will always be there for us in our most desperate moments. That is, of course, until it betrays us—leaving us up the proverbial creek without a paddle. Yes, we’re talking about the dreaded blocked toilet. Apparently, this is searched over 30,000 […]

Council slammed for extending licensing schemes without telling landlords

Council slammed for extending licensing schemes without telling landlords

9th September 2024

Despite being the London borough with the highest fines for unlicensed properties, Waltham Forest council has been criticised for its lack of communication over the extension of its licensing schemes. The additional licensing scheme, which will cover the entire borough, starts on 1 April next year but the council has failed to widely publicise this […]

Propertymark policy head highlights concerns over the Renters’ Rights Bill’s impact on landlords and tenants

Landlord tax burden has hurt the UK’s PRS – Propertymark

9th September 2024

The damage caused to the private rented sector (PRS) by burdensome taxation has been revealed in a new report. The study by Propertymark, entitled ‘The Impact of Section 24 on Buy-to-Let Landlords’, examines the consequences of Section 24, a policy implemented by former Chancellor George Osborne. That move reduced tax relief on mortgage interest costs […]