Page 183 – Property118

Bridging 101: Swift Access to Financial Flexibility

31st July 2024

In the ever-evolving landscape of property investment and personal finance, the ability to swiftly adapt and seize opportunities is crucial. Short-term bridging loans emerge as an indispensable tool for investors and individuals seeking immediate access to funds, providing a bridge between the present financial need and future financing solutions. What Are Short-Term Bridging Loans? Short-term […]

Pic of roofer repairing roof leasehold freehold property118

Landlords face £34,000 repair bill nightmare

30th July 2024

Landlords across the UK are potentially facing staggering repair costs, with new research revealing an astonishing 72 maintenance jobs per property ownership, totalling more than £34,000. Buy to let insurance provider Alan Boswell Group, in partnership with Compare My Move, has unveiled the most costly property damages, offering landlords crucial insights to shield their investments. […]

green belt

Labour’s housing plans won’t affect green belt

30th July 2024

The Labour government has committed to build 1.5 million homes during the next parliament and has pledged to adopt a strategic approach to the green belt. A new report by property consultants Carter Jonas explores what this means for green belt land. Labour intends to build on ‘grey belt’ land and brownfield sites rather than […]

£20M To Fix Housing Crisis?

30th July 2024

In this eye-opening episode of Property Breaking News, Ranjan Bhattacharya and Andrew Roberts investigate the claim that only £20 million a year is required to solve the UK housing crisis. Can such a modest budget really address such a massive issue? Join Ranjan and Andrew as they break down the numbers, examine expert opinions, and […]

As a Landlord am I entitled to receive a copy of Agent to Tenant emails?

30th July 2024

Hello everyone, I use a Letting Agent with full management services with a Landlord Agreement The agreement states that the Agent acts on the Landlord’s behalf. What I want to know is if I am entitled to receive copies of emails that my agent has sent to my tenant? Does this cause any kind of […]

HMRC allowable foreign travel expenses?

30th July 2024

Hi, I am considering selling a number of foreign BTL properties. Unfortunately, the paperwork involved will require multiple trips to the countries they are located in. I have been struggling to find what qualifies as a tax deductible expense for this. Is there a HMRC document that applies to my circumstance i.e. a private landlord? […]

John Lewis gets green light for its BTR scheme

30th July 2024

John Lewis Partnership has secured planning permission to transform its Bromley Waitrose site into a new community of 353 rental homes and an upgraded supermarket. The project, set to deliver a £70 million boost to the local economy, prioritises residents and workers in the area for the new homes. The development will also include public […]

Multiple estate agent boards showing properties for sale, sold, and to let in a UK street.

UK house prices set for 2% rise as market rebounds

30th July 2024

After a chilly 2023, the UK’s housing market is showing clear signs of warming up in 2024, with increased buyer activity and a growing number of homes for sale, one house price index reveals. According to Zoopla, house prices climbed by a modest 0.1% over the past year to £265,600, but it anticipates a steady […]

Hand separating wooden puzzle pieces symbolising a broken contract in an eviction context

Rent-to-rent possession?

30th July 2024

Hi, I have a guaranteed rent agreement aka rent-to-rent which ends in five months on a fixed end date. I am afraid I won’t get vacant possession on the end date as the agency I signed with has said they will put a new sub tenant in shortly before the agreement end date. This means […]

Property investors eye interest rate cuts

30th July 2024

Property investors are betting on interest rate cuts to fuel market optimism rather than worrying about political change or global tensions, according to a new report. Handelsbanken’s latest survey of landlords with an average of 35 properties each reveals more than half are buoyed by the prospect of base rate reductions in the coming months. […]

Deed of surrender – agent says I don’t need one?

30th July 2024

Hi, How can my agent think emails between myself and my tenant are sufficient when agreeing an early release from a tenancy? My tenant has been obstructive with regards access and I’ve had numerous issues, property damage etc. I will be happy to agree an early release (with a deed of surrender) and will self […]

Understanding Section 11 of the Landlord and Tenant Act 1985: Repairing Obligations

29th July 2024

The Landlord and Tenant Act 1985 is a cornerstone of English property law, providing essential guidelines for the maintenance and repair obligations of landlords. One of the most critical sections of this Act is Section 11, which outlines the specific duties landlords must adhere to regarding the repair and upkeep of rental properties. This article […]

No paperwork from court 11 days after I win Section 8 hearing?

29th July 2024

After gaining a section 8 hearing on 16 July .. the defendant didn’t attend – the judge awarded 14 days notice for the tenant to leave. The rent, my court expenses and the tenant’s deposit to me. That was 11 days ago! The PCOL system isn’t running. I haven’t received anything in writing to confirm […]

Person researching mortgage options on a laptop while taking notes

Foundation Home Loans and The Mortgage Lender reduce BTL rates

29th July 2024

Foundation Home Loans has unveiled a new limited-edition HMO product and reduced rates across its ‘Buy to Let’ and ‘Solutions by Foundation ranges, while The Mortgage Lender has also reduced its BTL offering. Foundation’s ‘Buy to Let’ brand has introduced a new five-year fixed-rate HMO product available up to 75% Loan-to-Value (LTV) at 5.74% with […]

landlord question uk SDLT property118.com

Stamp duty relief blow for first-time buyers

29th July 2024

Only 37% of homes for sale will qualify for stamp duty relief when the current threshold of £425,000 reverts to £300,000 from April 2025, a study reveals. Rightmove says this offers a bleak outlook for first-time buyers in England and is a sharp decline from the current 58% of homes that qualify. The South West […]

Propertymark pushes for letting agents’ inclusion in Good Landlord Charter

29th July 2024

An industry body wants letting agents to be included in Andy Burnham’s Good Landlord Charter. The charter aims to “empower renters” and drive up standards in the private and social rented sectors. Propertymark argues that the charter should include a clearer role for property agents and allow agents to be members of the charter. According […]

covenant explanation deed of property118.com

Lodgers and restrictive covenants?

29th July 2024

I own a freehold property and I am thinking of getting a lodger, but my restrictive covenant against the property states: “Not to use the property or any part thereof for any purpose whatsoever other than as a private dwelling” That’s all the covenant says in this regard i.e. there is no wording in the […]

Landlord blames selective licensing for city’s surge in temporary accommodation

29th July 2024

A council admits more households than ever are being put in temporary accommodation, with a landlord blaming selective licensing for the increase. Nottingham Council’s housing strategy report reveals that the council has increased the amount of temporary accommodation for families five-fold since 2017. Mick Roberts, one of Nottingham’s largest landlords of benefit tenants, tells Property118 […]

A David and Goliath Story in Modern Law: This could change everything

27th July 2024

There are always two sides to every story, this is ours. Following the triumph in our legal action against the West Brom Mortgage Company, a wave of euphoria and satisfaction swept through the landlord community. The justice system had prevailed, and common sense had won the day. We were weary yet elated, comforted by the […]

politician beside EPC rating graphic highlighting proposed energy-efficiency standards

Ed Miliband: Landlords must meet EPC C targets by 2030

26th July 2024

Landlords could face bans on renting out their property if they do not meet EPC C targets by 2030, claims the NRLA. Ed Miliband, energy security and net zero secretary, told the House of Commons that landlords must meet energy efficiency targets by 2030 but gave no further detail on how this will be achieved. […]

Survey reveals landlords’ divided views on Labour’s election victory

26th July 2024

A survey has found that 43% of the UK’s landlords are optimistic that Labour’s General Election victory will benefit them. However, the survey also reveals that 34% of landlords believe the election victory will be bad for landlords, while 48% of landlords felt that a Conservative victory would have been a better result. The findings […]