Page 178 – Property118

What should I do if my property is reclassified to a domestic property?

15th August 2024

Hi, I have a property with eight flats, including the one I live in. I used to do holiday lettings, but due too my age (76) and less holiday makers, I have decided to let them on a six month assured tenancy. The property is listed on the Valuation Office Agency (VOA) as Holiday Lettings […]

pic of woman tenant not communicating with landlord property118

How to deal with an uncooperative tenant in arrears?

15th August 2024

Hi, I have a tenant in my apartment and he has been withholding the rent for two months, despite our best efforts to resolve a complaint that he raised. The problem has been, that both my managing agent and the workman have had difficulty contacting him to arrange a visit. We have also placed the […]

bailiff

How to get a earning deduction order from court?

15th August 2024

Hi, I have finally got a court order against my ex-tenants after nine months of struggle, they owe me over nine months rent, not to count the damages done to my house. However, they moved out before the bailiffs could be instructed from a previous court order to evict them. The court order is addressed […]

What can I do if my R2R in London was mis-sold?

15th August 2024

Hello everyone, I took on a rent-to-rent (R2R) unit in June through a property sourcer based in London. The sourcer promised hands-off management with a 14% + VAT fee. However, the data presented by the sourcer hasn’t matched reality, and I’m losing about £800 per month. There are no bookings for September and October, so […]

Pet clause in lease for a share of freehold property?

15th August 2024

Hi, I bought a share of a freehold flat, there are two flats, and my co-freeholder lives downstairs. We both bought the flats at the same time but they moved in two months before us. Our lease states the following about pets: *No birds, dogs or other animals which may cause annoyance to any owner […]

Eviction notice with red cross symbolizing dispute over Section 21 and rent arrears eviction

What does Labour’s hardship test mean for landlords?

14th August 2024

Just when landlords thought it could not get any worse, it seems it has! It’s all over the news that Labour is planning to deliver the final hammer-blow to landlords. There is some uncertainty to what it actually means in practice until the details are written down but could the proposed hardship test mean even […]

Landlord criticises policies for pushing tenants into homelessness

14th August 2024

A landlord is blaming selective licensing and universal credit errors as a “recipe for disaster” that are causing tenants to become homeless. According to government data, landlords asking tenants to move out is the leading cause of homelessness in Nottinghamshire. Mick Roberts, one of Nottingham’s largest landlords for housing benefit tenants over the past 27 […]

Business professional in blue suit representing NRLA leadership on housing crisis.

NRLA warns Labour that rent controls could spark rental crisis

14th August 2024

The National Residential Landlords Association (NRLA) is warning the Labour government that a third of private landlords could sell up if rent controls are imposed on the private rented sector (PRS). It points to a study it carried out which found that in the second quarter of the year, 82% of landlords in England and […]

Pile of red warning signs with question marks symbolizing confusion or legal uncertainty.

Should I be happy or worried about my tenant?

14th August 2024

Hi, I was left a property around 3 years ago with a sitting tenant which I self manage. In the 15 years the tenant has lived there, he has barely complained and always paid his rent on time. In return, he has been left well alone and his rent is below the market value. Unfortunately, […]

Top buy to let hotspots revealed

14th August 2024

There are 129 locations where rent prices have climbed while house prices stagnated or declined, creating exceptional property investment opportunities, research reveals. These emerging hotspots are scattered across the country, with notable examples including Brent, Hammersmith and Fulham, and Westminster in London. There are also good performance levels in Salford and Burnley in the North […]

Hands handing over keys with renters agreement paperwork on a table

Lodgings or rent a room type contract?

14th August 2024

Hi, I am intending to rent out two rooms in my residential home with access to the lounge, kitchen, diner and bathrooms. Rent will include all utilities, council tax etc. I am not there the bulk of the time as I’m out and about in my RV, but will retain my own bedroom and it […]

winter rent arrears crisis as energy costs propert118.com

Renters’ confidence plummets as energy costs soar

14th August 2024

Renters’ confidence drops as many struggle to afford their energy bills, according to a new study. A survey by NatWest reveals that 18% of renters feel “much less confident” about affording their current energy bills. Labour has demanded all landlords must meet EPC C targets by 2030. Landlords raising rents According to the survey, 18% […]

Council faces criticism over serious housing failures

14th August 2024

Brighton and Hove Council has been blasted for “serious failures” by the Regulator of Social Housing (RSH). According to an RSH report, the council requires “significant improvement” after failing to provide evidence that it complied with smoke alarm requirements and electrical safety regulations. The report also reveals a backlog of repairs with some dating back […]

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Chancellor Rachel Reeves’ tax hike rumours fuel anxiety in PRS

13th August 2024

Rumours of a capital gains tax hike could take a toll on landlords and tenants. In an interview on Bloomberg TV, Chancellor Rachel Reeves refused to rule out an increase in capital gains tax in the October budget. This uncertainty is already affecting the property market, with the Royal Institution of Chartered Surveyors (RICS) reporting […]

Getting Started in Buy-To-Let

13th August 2024

Achieving financial freedom through buy-to-let property investment has completely transformed my life, providing security and opportunities I never imagined. It has allowed me to spend more time with family and pursue my passions, and I’m here to help you do the same. Hi, I’m Dan Coachafer. For over 20 years, I’ve been investing in buy-to-let […]

NRLA queries plans for a government ‘hardship test’ for landlord possession claims

13th August 2024

The National Residential Landlords Association (NRLA) has questioned reports suggesting the Labour government is set to introduce French-style hardship tests for landlord possession proceedings. Senior campaigns and public affairs officer, Eleanor Bateman, has expressed concern over recent press speculation that the proposed Renters’ Rights Bill will include such measures. While acknowledging the potential impact of […]

1.5 Million Homes in 5 Years: Our Manifesto to Solve the Housing Crisis

13th August 2024

In this episode of Property Breaking News, Ranjan Bhattacharya and Andrew Roberts unveil their bold manifesto to build 1.5 million homes in the next 5 years. With the UK facing a critical housing shortage, they explore the strategies, policies, and innovations necessary to achieve this ambitious goal. From land acquisition and planning reforms to sustainable […]

Mortgage rate percentages representing falling BTL and bridging loan rates for landlords

What puts mortgage applications outside of ‘standard’ criteria?

13th August 2024

What makes a case complex compared to simple? Let’s start off by explaining what a simple case looks like: An employed person, who has been working at the same place and in the same role for around 2 years. Buying in a location near to them, no change in commuting costs and no change in […]

Landlords enjoy the PRS boom but fear rent controls

13th August 2024

Landlords are reaping the rewards of a booming rental market with record-high yields and robust tenant demand, but the spectre of rent controls is casting a shadow over the sector, a survey reveals. Average rental yields have soared to a 10-year peak of 6.3%, providing a lucrative environment for property investors. That’s according to the […]

What are my rights after inheriting a tenant?

13th August 2024

Hi, I’ve recently inherited a property from my mother with a tenant in situ. My first question is: Does the contract he signed with my mother (a 30 day rolling) still stand? I’ve read through it and it’s not very clear or robust. Depending on the first answer what are my rights. I’m going to […]

Woman in red dress smiling while seated in an office chair.

Rents continue rising as the North outpaces London

13th August 2024

Rents across Great Britain continued their upward trajectory in July, with the North of England outpacing the capital by a significant margin, Hamptons reveals. Its data shows that the average rent for a newly let home jumped 5.7% year-on-year to £1,354. While this pace of growth has steadied, the picture outside London is very different. […]