Page 179 – Property118

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 […]

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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. […]

How do I handle illegal subletting on Booking.com?

13th August 2024

Hi, I am in a very worrying situation. The tenant has always been difficult to deal with as he demanded to remove the furniture from the apartment in a very rude text message which made me feel uncomfortable. I shared the text messages with the letting agent who does not manage the property but manages […]

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Fair share of freehold insurance bill?

12th August 2024

Hi, I own (through my limited company) a 1st and second floor 3 bedroom flat which is a rental property in a Victorian house which is share of freehold. I own 2/3 of the freehold and the owner occupier who lives on the ground floor downstairs owns 1/3 of the share of freehold. Traditionally, I […]

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Tenants’ giving late notice within fixed term tenancy?

12th August 2024

Hi, my property has been let for the last 3 years to a couple of otherwise very good tenants, on a fixed-term contract. I offered them another year’s fixed term but they didn’t get back to me (first red flag) and they’ve now contacted me saying that they’re giving their notice to move out on […]

How many laws do landlords have to comply with?

12th August 2024

We all know that landlords have to comply with a lot of legislation but how much legislation is that? You often see articles saying ‘landlords have to comply with 400 separate pieces of legislation’ or similar, but you never see of list of what those 400 pieces of legislation are. So, I have decided to […]

UK house prices stabilise amidst interest rate cuts

12th August 2024

The average house price in England and Wales dipped slightly in July to £360,630, marking a modest 0.1% fall, the e.surv house price index for July reveals. Despite monthly fluctuations, prices have remained relatively stable over the past quarter, defying affordability pressures and election uncertainty. Annual house price declines have eased to 1.3%, a significant […]

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Welsh rent reforms: A cautionary tale for England’s landlords

12th August 2024

It took more than 10 years of drafting and deliberation, but what could the Renting Homes (Wales) Act mean for England’s landlords facing the prospect of a Renters’ Rights Bill? Put simply, says one NRLA expert, it could be a disaster. Mia Rotaru, public affairs officer at the National Residential Landlords Association (NRLA), says the […]

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Scotland’s Heat in Buildings Bill ‘Needs to reflect reality’

12th August 2024

A leading property firm has accused the Scottish Government of setting ‘unachievable’ targets for decarbonising homes and buildings. DJ Alexander, Scotland’s largest lettings and estate agency, says the Heat in Buildings Bill needs urgent amendment to reflect the ‘reality gap’ highlighted in a recent report by the Just Transition Commission (JTC). The JTC report, ‘Investment […]

Landlord overseeing installation of a smoke alarm in a rental property

Carbon monoxide replacement date sticker?

12th August 2024

Hi, A third party recently carried out a routine inspection at my property. By the way, I knew nothing about the visit. The agent confirmed as they are way behind with their inspections (I attend with my branch every 3 months) so not a problem for the property being inspected again! A third party is […]

Limited company address still registered at property?

12th August 2024

Hi everyone, My ex-tenant used my rental property as the office address for his Ltd company while he was living there. He left the property two years ago and has still not changed the office address with Companies House. I have since had a few bailiffs visits at the address for this company chasing money. […]

Can I challenge a Section 20 overspend?

12th August 2024

Hi, I am a portfolio landlord with a leasehold flat in a social housing block of 6. I am the only leaseholder in that block. Works have been completed on 10 separate blocks. A Section 20 notice was issued in 2020 for major works (roof and cladding) with a per flat contribution of £22.2k. The […]

Goal and Strategy Setting for New Property Investors

9th August 2024

Setting a SMART goal and having a step-by-step strategy is the first thing anyone looking to invest in property needs to focus their attention on. SMART stands for Specific, Measurable, Achievable, Realistic, and Time bound. It’s crucial to be precise with your goal and to have a step-by-step strategy in place before getting sidetracked by […]

TML and CHL are the latest to cut BTL rates

9th August 2024

The Mortgage Lender (TML) and CHL Mortgages have both announced rate cuts across their buy to let product ranges as competition in the sector intensifies. TML has reduced rates by 10 basis points on its five-year fixed 75% loan-to-value products and Portfolio Multi-Loan, with its five-year fixed product at 75% LTV and a 5% fee […]

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Should I include tenant’s partner on the tenancy agreement?

9th August 2024

Hi, in need of some advice. I rent out a flat in a university town, very often to international students. I have an international student arriving in September who will be paying 6 months’ rent in advance (for the initial tenancy of six months which will be renewed all being well). My only concern is […]

To let sign outside a residential property reflecting changing BTL mortgage rates

Rightmove and OpenRent U-turn in partnership shock

9th August 2024

An announcement last night (8 August) has upended Tuesday’s announcement that Rightmove had severed ties with OpenRent. The property portal giant has confirmed that the online letting agent has signed a new membership agreement. Rightmove said: “Further to the announcement on 6th August, Rightmove announces that OpenRent has entered into a new membership agreement. Our […]

Neighbour Complaints During A Permitted Development Project: Do Their Opinions Matter?

9th August 2024

In this informative video, Ranjan Bhattacharya tackles a common concern for developers and homeowners: neighbour complaints during permitted development. Do these complaints hold any weight, and should you be worried? We break down the rules and regulations surrounding permitted development, the potential impact of neighbour objections, and how to navigate these challenges smoothly. Whether you’re […]