Hi Everyone, What’s the best way to converge on market rents? I have good tenants of several years standing, in a London HMO. Being good tenants, I’ve never really raised the rent to market levels. I now see that their rents have fallen 20% behind market rates. I warned them a year ago that their […]

Estate agents across the UK are worried that Chancellor Rachel Reeves’ upcoming Budget could derail the recent recovery in the housing market, a survey reveals.  The majority (68%) of agents surveyed by GetAgent.co.uk believe the new Labour government has focused too heavily on reforming the rental sector, neglecting measures to boost the sales market. This […]

The number of buy to let (BTL) mortgaged properties in arrears in the UK has increased slightly, the latest data from UK Finance reveals. However, the overall proportion of mortgages in arrears remains low, and the number of homeowner properties in arrears has fallen. UK Finance’s data shows that the number of BTL properties in […]

Hi, for the last four to five years, the flat above my only rental property has been leaking water through the ceiling on and off. These leaks now take place every year. When challenged, the occupants of the flat above say it has nothing to do with them and they have consulted a plumber who […]

The average rent rise in the UK has stalled but regional disparities show that some areas are seeing double-digit rises, research reveals. The data from Home.co.uk show that while the national average rise is at a standstill 0% landlords in Wales and the North East saw rent growth of 15.1% and 12% year-on-year respectively. However, […]

The UK property market is undergoing a significant transformation, with a growing number of homebuyers and investors turning their attention away from the traditional urban hotspots, like London, and focusing instead on regional and suburban areas. This trend, fueled by evolving work patterns, affordability concerns, and lifestyle changes, is reshaping the housing market in the […]

Hi everyone, I rent out a leashold flat with the freeholder’s full permission. The freeholder is a city council and has stated the high rise block will be demolished. Most of the tenants are council tenants, 14 for the flats are ‘owned’ by leaseholders. So, if section 21 is abolished, and the block is going […]

Aldermore has reintroduced its 2 and 5 year Buy to Let Limited Edition (BTL) range to provide more choices for landlords and property investors. Jon Cooper, director of mortgages at Aldermore, comments: “We continually review our range to ensure we’re providing our customers with products which complement their needs at rates they deserve. We’re pleased […]

This week the Telegraph hit the nail on the head when they reported that Landlord profits had collapsed in the past decade following an onslaught of taxes and red tape. That coupled with the unbelievable amount of hoops landlords have to jump through has pushed the entire sector to breaking point. You can attempt to […]

My uncle, who passed away this year, owned a leasehold flat in Westminster. He extended the lease in 2017 at a cost of £230,000. The property is currently being managed by the executors through probate. Despite paying a large sum to extend the lease, the roof of the building has been leaking for over 10 […]

Ben Beadle claims that the NRLA does NOT oppose the abolition of Section 21, but the court system urgently needs reform to handle evictions. During the committee stage hearing of the Renters’ Rights Bill, the chief executive of the NRLA, Ben Beadle said: “The court system is on its knees and landlords are having to […]

Dive deep into the latest property news as Ranjan Bhattacharya and Andrew Roberts unravel why councils are stepping away from social housing. This video is a must-watch for property investors seeking to understand the shifting dynamics of the property market. Discover the implications of councils like Central Bedfordshire and Nottingham pulling out of housing projects […]

Propertymark says the Renters’ Rights Bill must provide a greater degree of balance between tenants, landlords and agents to ensure a healthy private rented sector (PRS). While the organisation welcomes the government’s commitment to avoid rent controls, it emphasises the need for clarity on how the legislation will address the significant demand for rental properties […]

A group of leading student accommodation providers is calling on the UK Government to amend the Renters’ Rights Bill to prevent a worsening of the student housing crisis. The Bill, which is currently making its way through Parliament and reaches its Committee stage today (Tuesday 22 Oct), could lead to a significant reduction in student […]

Chancellor Rachel Reeves is being urged to help landlords in her Budget next week to support both landlords and homeowners. In a pre-budget submission to HM Treasury, proptech firm Reapit called for financial support for landlords facing costly new energy efficiency measures. It also wants an exemption for homes that cannot be economically retrofitted from […]

The housing market remains strong, with the number of available homes reaching a decade high, but autumn activity has slowed compared to typical seasonal trends. According to Rightmove’s House Price Index, the average price of property coming to the market for sale has increased by 0.3% this month (+£1,199) to £371,958. This is a much […]

Hi, like most landlords letting exclusively to students I am dreading the Renters’ Rights Bill as it looks as if it’s just around the corner. The summer of 2025 to be more precise. I have a feeling it won’t fail as the enthusiastic new Labour government is on a mission, be it a misguided one. […]

Hi everyone, I am reaching out to seek your advice on how to address a challenge I am currently facing. I have owned a property managed by a Rent to Rent (R2R) operator since last year, and as of this October 2024, the operator has failed to remit the rent to me. Despite my attempts […]

New research from Hamptons has revealed a significant increase in the number of landlords incorporating their buy-to-let businesses. In September 2024 alone, 5,312 new limited companies were established to hold buy-to-let properties, representing a 28% rise compared to the same period last year. By the end of 2024, between 60,000 and 62,000 new companies are […]

To all Property118 readers, A new set of Limited Company market-leading Buy-to-Let (BTL) mortgage products are now available, exclusively through select broker partners only. The Buy to Let product features and criteria include: Single Let: 5-Year Fixed Rate at 4.69% HMO: 5-Year Fixed Rate at 4.99% Maximum LTV: 75% for Single Let, 70% for HMO Arrangement Fee: 2.00%, which […]

When faced with the challenges of a rent-to-rent (R2R) agreement gone wrong, a landlord of a 3-bed HMO (House in Multiple Occupation) found themselves in a difficult position. With tenants in varying financial circumstances, from furloughed workers to the unemployed, and rent arrears spiralling to £5,400, the landlord was left frustrated, unable to get answers […]