Page 172 – Property118

Allowable reasons for eviction under the RRB?

24th September 2024

Hi, supposing I am the Trustee of a family Trust which lets houses and I wish to evict a Tenant in favour of one of the beneficiaries of the Trust who wishes to live there, am I allowed to serve an eviction notice under the Renters’ Rights Bill? Also, if the cost of maintaining the […]

Property expert outdoors discussing rising UK rent prices

Interest rate cut boosts rental stock availability

24th September 2024

It’s not only homeowners and sellers feeling a sense of relief following the recent interest rate cut, but tenants have also benefited from a big jump in rental property availability. That’s according to an analysis from Zero Deposit of 15 major UK cities, focusing on the total number of homes available and those newly listed […]

File folders labelled tax avoidance, taxes, and legislation representing HMRC’s classification dispute

HMRC’s Classification of Substantial Incorporation Structure (SIS) and Capital Account Restructure (CAR): Clarifying the Situation

23rd September 2024

Recent developments have led HMRC to name Property118’s Substantial Incorporation Structure (SIS) and Capital Account Restructure (CAR) as tax avoidance schemes. We strongly disagree with this classification and believe that both structures are fully compliant with UK tax law. However, given the ongoing dispute and the issuance of a Stop Notice for CAR by HMRC, […]

politician beside EPC rating graphic highlighting proposed energy-efficiency standards

Ed Miliband ready to challenge landlords over EPC C targets

23rd September 2024

Ed Miliband is willing to risk a fight with landlords to meet EPC C targets, according to The Times. In a speech at the Labour party conference, Ed Miliband says landlords must provide decent standards for private rented homes including reaching EPC C targets by 2030. The Department for Energy Security and Net Zero has […]

Landlord discovers unauthorised subletting during property inspection

A Tenant’s Right to Sublet: Key Provisions from the Housing Act 1988

23rd September 2024

It’s every landlords worst nightmare, you do a property inspection or your trade arrives and low and behold the person living in the property is NOT the tenant. Subletting is not an uncommon practice and can be a legally complex issue, particularly when it comes to the rights and responsibilities of both the original tenant, […]

Angela Rayner announces Labour’s plan to cut benefit payments to criminal landlords

Angela Rayner wants to ‘work in partnership’ with PRS landlords

23rd September 2024

The deputy Prime Minister Angela Rayner told delegates at the Labour Party conference that she wanted to ‘work in partnership’ with PRS and social landlords to deliver ‘decent and safe’ homes. She said: “Many housing associations, councils and landlords do good by their tenants and I know how hard they’ve had it after 14 years […]

What changes could the Autumn Budget bring for landlords?

23rd September 2024

Hi, I have a couple of BTL properties which I purchased/invested in as a result of redundancies etc. (won’t bore you with detail). However, I keep hearing rumours of significant impacts proposed on landlords by the new government, maybe at the Autumn budget such as aligning capital gains tax with income tax? What do readers […]

Sticky notes with simple house sketches surrounding a note labelled “Buy To Let,” representing buy-to-let property investing.

The Basics of Buy-To-Let Property Investing

23rd September 2024

Are you curious about the fundamentals of buy-to-let investing? If so, you’re in the right place! This article will guide you through the essential steps to get started on your property investment journey. What is Buy-To-Let? Buy-to-let is a property investment strategy where you purchase a residential property, such as a house or apartment, with […]

Eviction notice concept with house icon over money and calendar background.

No fault evictions? You are having a laugh!

23rd September 2024

I just finished my second no fault eviction in 20 years. It came after three attempts of evicting the same tenant using section 8 (discretionary grounds) over a two year period. The Section 8 failed because the unscrupulous tenant gave the judge false information so he wouldn’t evict. Meanwhile I had to put up with […]

Gas hob burner with blue flame during operation, relating to gas safety checks after appliance repairs

Do I need a new gas safety certificate after repairs?

23rd September 2024

Hi, I need some advice regarding a failed gas safety certificate on a boiler and the hob on my rental property. I have Home Serve cover and I organised a British Gas engineer to carry out a gas safety inspection on a property which unfortunately failed. I have since had the boiler repaired and the […]

Campaign demands one million social homes as people struggle with damp and mould

23rd September 2024

Crisis and Lloyds Bank are calling for one million social homes over the next decade to end homelessness. The charity and the bank have partnered up on a campaign to show the realities of people waiting for a social home. The campaign says many people are forced to live in accommodation “not fit for purpose” […]

EPC rating chart and buy-to-let mortgage concept promoting Fleet Mortgages’ newly reduced EPC A–C product rates

Fleet Mortgages cuts rates and relaunches EPC A-C products for landlords

23rd September 2024

A buy-to-let lender has slashed rates and relaunched products for landlords buying or refinancing properties with an EPC rating of A-C, including cuts on five-year fixed deals. Fleet Mortgages has relaunched its products to encourage landlords to add higher EPC-rated properties to their portfolios and help fund upgrades for properties that don’t yet meet these […]

Toy chattering teeth gripping UK banknotes to illustrate disputed letting agent fees

Is my letting agent stealing fees they haven’t earned?

23rd September 2024

In Covid times my letting agent found tenants willing to rent at £1500 pcm for 12 months, who passed referencing and signed on the dotted line. So the letting fee and monthly ongoing property management fees were due, according to our Confirmation of Marketing agreement. The Rent Insurance was also due monthly. In the 10th […]

Rising housing market illustrated with sold sign, Savills branding and upward trend graphic in a neighbourhood scene

Housing market rebounds with £88bn surge as first-time buyers lead the way

23rd September 2024

The UK housing market has bounced back, with £88.3bn spent on property purchases in the second quarter of 2024, according to Savills. This pushed total spending over the past year to more than £350bn, slightly above pre-pandemic levels. The £88bn figure represents an 8% jump compared to the same time last year. Expect to see […]

HMRC documents viewed through glasses with a pen nearby, illustrating property tax implications

The 54.4% property wealth tax no one talks about?

23rd September 2024

Amongst all the speculation in the media about expected rises in Capital Gains Tax (CGT) and Inheritance Tax (IHT), I’ve been surprised and frustrated that none of the pundits have realised that for unincorporated landlords (and some second home owners) whose wealth is in their properties, CGT and IHT can combine to create a 54.4% […]

Landlord sitting at a construction site reflecting on challenges in today’s property market

‘I’m Selling 35 Homes’: Landlords Struggling, but Public Says ‘Good Riddance’

20th September 2024

It’s a tough time for landlords, with new legislations, CGT tax rises, incorporation challenges, EPC requirements, The Renters Rights Bill and mounting financial pressures, there’s no surprise that many landlords are looking to sell. Yet for the British public, more often than not, landlords are villainised as “deserving” of losing the assets they’ve worked hard […]

Model house with a “For Sale” sign and keys against the Scottish flag, illustrating landlord sell-offs under new housing legislation

Scottish legislation drives landlords to sell up

20th September 2024

Legislation in Scotland’s private rented sector has led to more landlords selling their properties and has done little to improve affordability, according to a new study. The research by Indigo House, funded by the Nationwide Foundation, reveals that 70% of landlords and letting agents lack confidence in the future of the sector. The Scottish government […]

UK virtual property exhibition promo banner for September 21st 2024 featuring eight industry experts

The virtual property exhibition is back!

20th September 2024

This final quarter of 2024, is probably going to be one of the best buying opportunities of the decade, and most property investors are going to completely miss out on it.  To help make sure you are fully up to date with what is happening in the UK property market, and ready to make the […]

Council leader speaking on housing reform in front of stained-glass backdrop

Council calls for ban on no-fault evictions amid housing crisis

20th September 2024

A council warns more people could be pushed into temporary accommodation without urgent action from the government. Colchester City Council has written to Deputy Prime Minister and Housing Secretary Angela Rayner urging the government to take action to tackle the housing crisis. The council is calling on the government to ban no-fault evictions and offer […]

3D figure standing beside a large gold pound symbol, representing unexpected property costs

Seller fails to disclose future work on flat?

20th September 2024

Hi All, I would like to give you a little background first, my foster child at 20 bought his first last year, and I helped with all aspects of the sale etc. As you can imagine it was a proud moment for us all. 3 months after he got the keys he received a letter […]

Students relaxing and studying in a shared rental home, highlighting concerns around rent insurance and rising student rents.

Renters’ Rights Bill could drive up student rents

20th September 2024

Student landlords face chaos under Labour as many could be forced to take out rental insurance to cover the cost of rent arrears. The Telegraph says the Renters’ Rights Bill will stop tenants from paying more than one month’s rent upfront. This poses a problem since most students pay their rent in instalments that align […]