Page 188 – Property118

Keir Starmer: Not all landlords are evil

1st July 2024

In a heated interview on BBC Radio 5 Live, Keir Starmer declared, “not all landlords are evil,” but slammed some for driving up rents through bidding wars. The Labour leader took questions from listeners and presenter Nicky Campbell on various issues including housing. Labour’s manifesto pledges to abolish Section 21 immediately and strengthen tenants’ rights […]

Residential vs Commerical vs Stocks and Shares: The ultimate debate

1st July 2024

It’s a classic debate – resi versus commercial. I’ve been involved in it a whole number of times over the years. This one had a third flavour though – stocks and shares. I was invited by Manish Kataria CFA to appear on his podcast alongside (or against?) Natasha Collins MRICS to debate the merits, and […]

Business professional in formal suit at modern office building

UK house prices edge up but remain below 2022 peak

1st July 2024

The UK’s house prices showed modest growth in June as prices edged up by 0.2% in June compared to May, resulting in an annual increase of 1.5%, Nationwide reports. Its latest house price index also reveals that prices are still 3% below the record high reached in the summer of 2022. The building society’s chief […]

Student landlord periodic tenancies agents property118.com

Student and non-student in same property conundrum?

1st July 2024

Hi, probably an apt question at this time of the year. Student tenancy agreements can run until late June, July, August or even September. Students become liable for council tax from the day after they formally stop being a student. This could be when their course officially ends, some as early as mid May, or […]

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

The Importance of Material Information When Advertising a Property to Let

1st July 2024

As a landlord, ensuring your property is attractive to potential tenants is vital to ensure you are not left with voids and you attract the right kind of tenant. But something as simple as the advert now involves more than just highlighting the properties aesthetic and functional features. An essential aspect of advertising process is […]

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

NRLA blasts politicians for ignoring housing benefit crisis

1st July 2024

The NRLA has slammed political parties’ failure to address housing benefit rates. More than 1.5 million households rely on Local Housing Allowance (LHA) to help pay rent. According to the NRLA, 65% of these households struggle with a gap between their LHA payments and monthly rent. 5% of PRS properties being affordable In April 2024 […]

Rising house prices compared to income growth shown with houses on stacked coins

Does it still make sense to be a landlord or should we be looking to exit?

28th June 2024

It’s time to cut to the chase. We’ve all been thinking it: is property becoming more hassle than it’s worth? If you’re questioning your property portfolios, you’re not alone. With persistent high interest rates, constant bombardments of tax warnings, the risk of Capital Gains Tax rising and a new Labour government with a super-majority talking […]

The simple path to Wills and Lasting Power of Attorney with Heritage Wills

28th June 2024

When thinking about your future, two things that might not be at the forefront of your mind but are incredibly important are writing a will and setting up Lasting Power of Attorney (LPA). The consequences of not having a will or LPA can be devastating but as Heritage Wills explains to Property118 in a video […]

Could Section 24 be abolished?

28th June 2024

On Thursday we get to vote in the General Election to decide which political party will lead the country for the next 5 Years. I am still not sure who I am going to vote for, so I have been reading the political party Manifestos, and have pulled together an election special episode of my […]

revolving door housing ministers

Revolving door of housing ministers needs to stop warns property expert

28th June 2024

Housing Ministers need to stay for the long haul to tackle the housing crisis, insists a property expert. Jonathan Rolande, the founder of House Buy Fast, is encouraging the next government to prioritise housing from day one. Since 2010, there have been 16 housing ministers, with seven of them coming into office since 2020. Countless […]

Majority of homes can achieve EPC targets without breaking the bank

28th June 2024

Mortgaged properties with low energy efficiency ratings can achieve EPC C targets easily, according to new data. Technology company Kamma says despite scaremongering four out of five inefficient mortgaged homes can easily achieve EPC C. The Prime Minister announced plans last year to scrap EPC requirements for landlords. The legislation would have required landlords to […]

Dramatic rise in rent arrears amid cost-of-living crisis

28th June 2024

Demand for rent arrears advice has dramatically increased in Scotland, according to new research. Citizens Advice Scotland (CAS) reveals a 53% increase in demand for rent arrears advice in social housing. The Scottish government and six other councils in Scotland recently declared a housing emergency. Protections for tenants Citizens Advice Scotland has also seen an […]

Smiling business professional sitting confidently in a modern office setting

House prices set to rise by the end of 2024

28th June 2024

House prices remain flat in May but look set to be 1.5% higher by the end of 2024, Zoopla reports. According to its latest House Price Index, house prices are currently 8% ‘over-valued’ but will be ‘fairly valued’ by the end of the year due to rising incomes. Zoopla’s data shows that despite the election, […]

Generation Rent rent freeze tenants landlords property118.com

Forced maintenance charge by my freeholder?

28th June 2024

Hi, I have a top floor 1 bed flat in a Victorian house converted into 8 flats. The freeholders who have issued to me all the correct section paperwork, obtained quotes for the rear garden (totally run down, overlooked and rarely used due to poor access) to be cleared and paved and for a new […]

Commercial vs Residential Buy-to-Let – Which is Better?

27th June 2024

In this episode, join Ranjan Bhattacharya and John Howard as they tackle the ultimate question for investors: Commercial vs Residential Buy-to-Let – which one is better? They’ll compare the pros and cons, analyze market trends, and provide expert advice to help you make the best investment decision. Whether you’re a seasoned investor or just starting […]

Is this council letter to tenant legal?

27th June 2024

This is what the local borough sent to my tenant after I had sent her a Section 21 notice: “I have requested that you be assigned an officer who will go through the next stage with you. “Please be aware that due to a backlog of cases, this may take a little while but you […]

Landlords’ election choices uncertain amid housing policy concerns

27th June 2024

With just a week to go until the general election, landlords are sceptical about the housing policies of the political parties. According to a survey by SpareRoom, almost two-thirds of landlords, (62%) have decided who they’re voting for already. However, 62% of voters who have made up their minds are not optimistic about their choices. […]

Key resting on tenancy agreement paperwork relating to a rental arrangement for multiple occupants

AST to periodic tenancy confusion?

27th June 2024

Hi, I’m considering allowing my ASTs to lapse into periodic (rolling) tenancies, but I’m finding conflicting information about notice periods for rent increases. According to Section 13, form 4, note 15: The first requirement, which applies in all cases, is that a minimum period of notice must be given before the proposed new rent can […]

Businessman facing declining house prices as market trends downward

Scotland’s housebuilding plummets following rent controls

27th June 2024

Housebuilding in Scotland has taken a significant hit since rent controls were introduced. According to Scottish government figures, only 16,404 new homes were started in 2023/24, which is 3,000 fewer than the previous year. In the private sector, the number of new homes started fell to 12,904, down 16% and the lowest number since 2014/15. […]

Advice needed for tenant moving out with property damages?

27th June 2024

Hi, if you have seen my previous posts you’ll know my experience with a bad tenant with my very first BTL has been horrendous! Please see post here >> https://www.property118.com/who-pays-for-damaged-door-after-police-welfare-call/comment-page-3/#comments The tenant has requested an early release to secure a larger property, but there are still unresolved property damages. My confidence in the agent is […]