Metro Bank has launched its first mortgage product specifically designed for limited companies looking to invest in buy to let properties. This move aligns with the bank’s strategy of becoming a leading specialist lender in the UK market. Traditionally, owning property through a limited company offers potential tax advantages for landlords. It can also provide […]

Generation Rent and Shelter are slamming landlords for “draconian rules” that ban tenants from working from home (WFH). An investigation by The Independent reveals a trend in SpareRoom adverts specifying that a tenant must not work from home. Ben Beadle has hit back, pointing out that landlords can’t simply hand over the keys and ignore […]

When shopping around for landlord insurance, it’s important to take a look at buildings insurance. Buildings insurance shields your property from various risks that could affect your rental property. Here at Property118, we’ve teamed up with The Home Insurer for building insurance that could save you money. What does building insurance cover? Building insurance covers […]

The housing market in England and Wales is showing signs of recovery, according to new data from e.surv. The average sale price of a home climbed nearly £1,500 (0.4%) to £360,175 in June, the strongest performance for almost a year. This follows a period of decline, with house prices down 1.6% year-on-year. However, this decrease […]

Hi, I have a tenant who is a professional psychiatrist. She has been weirdly difficult to deal with, and I had to serve her a Section 21 notice for being consistently a month behind on rent. She has claimed she will be on holiday when she needs to move out, at the end of the […]

The average rent in the UK has reached a record high of £1,299, although growth has slowed to just 0.2% in June. That’s according to the latest HomeLet rental index which highlights that in June 2023, the average rent was £1,229. Despite the slowdown, rents remain a major pressure point for many tenants. Excluding London, […]

Welcome to another episode of Property Breaking News! In today’s video, Ranjan Bhattacharya and Andrew Roberts dive into the significant impact of the 3% Stamp Duty Land Tax (SDLT) surcharge on rental supply in high-value areas.  This surcharge, introduced to curb property speculation, has had unintended consequences on the rental market. Join Ranjan and Andrew […]

The Conservative party has announced its new shadow cabinet, appointing Kemi Bandenoch as the housing secretary. She replaces Michael Gove, who stepped down as an MP in the 2024 election. Ms Badenoch will now shadow Deputy Prime Minister Angela Rayner, who also handles the housing brief. Strong contender to replace Rishi Sunak In the election, […]

Landlords need to be cautious over the growing numbers of council-promoted ‘Safer Renting’ schemes, one legal expert warns. Phil Turtle, of Landlord Licensing & Defence, says that while the schemes appear to be aimed at improving tenant safety, they may have a hidden agenda. That is to collect information from landlords they are not obliged […]

The Chancellor has unveiled mandatory housebuilding targets and hinted at Labour’s upcoming plans for the private rented sector. In her first speech as Chancellor, Rachel Reeves announced a reform of the planning system and reiterated Labour’s pledge to ban no-fault evictions. Ms Reeves also confirmed she will set a date for the Autumn Budget before […]

Police have issued a warning to landlords after a cannabis factory was discovered in a residential property in Wellingborough, Northamptonshire. A 32-year-old man has been jailed for 45 months after pleading guilty to producing a Class B drug. Following reports of suspicious activity, officers from Wellingborough’s neighbourhood policing team executed a warrant and found a […]

London’s prime rental market is showing signs of cooling as increased supply meets returning tenant demand, property consultancy Knight Frank reveals. Rent price growth in prime central London (PCL) fell to 3.5% in the year to June, the lowest figure since July 2021. This trend is mirrored in prime outer London (POL) with growth of […]

Hello everybody, this is my first post but I have been following and reading the forum on Property118 for quite some time. My question is this: What to do if your freehold management company is failing to carry out remedial work on the property. I bought this flat in a converted building in 2019 and […]

I’m buying a derelict property to refurbish and running pretty tight on cash for the first 3 months of the project while we wait on a sale of an old btl going through. Reading through the HMRC SDLT guidance it looks as though you can pay up to 3 months late and pay a £100 […]

Landlords have long struggled with tenants wanting to keep pets in rental properties. For landlords, pets pose an unpredictable risk of property damage. For tenants, pets are cherished family members, making the idea of renting a home and giving up a pet like Rover or Tigre unthinkable. Traditionally, landlords have managed this risk by requiring […]

“I hope you realise that every day is a fresh start for you. Every sunrise is a new chapter in your life waiting to be written.” – Juansen Dizon Thank you to everyone who attended the Property Business Workshop on Thursday 4th July in London. It was a fantastic event. Now, let’s dive into a […]

Hi everyone, please can I get some advice on how to proceed. Tenants have an outstanding balance of around £3000 in rent arrears. The possession court date was around 3 weeks ago which the tenant chose not to attend, full possession was awarded with a money judgment order for court costs of £355 and arrears. […]

Matthew Pennycook is Labour’s new housing minister, following Angela Rayner’s appointment as Housing Secretary and deputy leader. He is the MP who tabled an amendment to the Renters (Reform) Bill which would have prevented landlords from selling for two years after a tenancy had started. The MP for Greenwich and Woolwich said: “It is a […]

Most landlords in the UK say that the election result which saw Labour enjoy a landslide victory won’t affect their investment plans, a survey reveals. Foxtons questioned more than 1,000 landlords before the election and found that 59% of landlords expect a new Labour government won’t have an impact on their decision to either expand […]

Propertymark members report many prospective tenants are failing reference checks as many are worried about a Labour government.   The latest figures from Propertymark’s Housing Insight Report reveal tenant demand has increased as rent prices fluctuate. According to the survey, rent arrears increased slightly in May 2024 at just under 3%. Demand for renting is […]

Millions of renters in the UK don’t have smoke alarms in their rented properties, according to a new survey. The findings by Firechief Global found that 17% of tenants – which equates to more than two million people – are living in homes without smoke alarms. This number is even higher in Greater London (24%) […]