Page 191 – Property118

Tenants owe £10k but daughter is asking for a good reference?

19th June 2024

My tenants owe me nearly 10k in rent and legal fees. I am still waiting to get a high court enforcement order to evict them from my property, which could still take several weeks. I have received an email from their daughter asking me for a good reference so she can rent privately citing it […]

Property expert outdoors discussing rising UK rent prices

Most portfolio landlords aren’t worried about the next government

19th June 2024

UK landlords say they aren’t worried about the potential political change of government next month, and most will keep hold of their buy to let portfolios, research reveals. The findings from Zero Deposit show that despite various legislative changes under the Conservative government, 82% of landlords have kept their buy to let portfolio unchanged. Some […]

Colourful fishing boats moored in a Cornish harbour surrounded by stone cottages and green hills.

Holiday lets boom appears to be fizzling out

19th June 2024

The UK’s short-term rental market appears to be running out of steam with a new report highlighting a rise in listings – but a worrying drop in occupancy rates and revenue. The research from lettings and estate agent Benham and Reeves looked at key market metrics across popular holiday destinations. While the number of short-term […]

EV charging point powering an electric car at a residential property

Landlords open to installing electric vehicle chargers for tenants

19th June 2024

Electric vehicle (EV) driving renters are in luck, with a new study showing landlords are open to installing charging points at their properties. Direct Line research reveals a whopping 86% of landlords with suitable homes would consider installing a charger if a tenant requested one. While a fifth (20%) would cover the entire cost, most […]

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Renters lose millions in cleaning deposit deductions

19th June 2024

Millions of pounds are being lost by the UK’s renters due to cleaning-related deposit deductions, according to research. The flat-sharing site SpareRoom found that nearly two-thirds of renters have had money withheld from their deposits over cleaning issues. This equates to a staggering £724million lost every year. The average deduction is £250, but some renters […]

Reform UK exclusive interview: A return to landlord rights and tax relief

18th June 2024

Landlords across the UK can look forward to having more rights and tax relief on their costs if Reform UK gains power in the 2024 General Election. In an exclusive interview with Property118, landlord David McLennan is representing Reform UK in the Livingstone seat in Scotland. As a former policeman who once delivered a baby […]

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Energy Performance Certificates slammed as ‘unreliable’ and in need of reform – Which?

18th June 2024

Consumer champion Which? is urging the government to reform the system for Energy Performance Certificates (EPCs), saying they are ‘unreliable’. It carried out an investigation that revealed inaccurate assessments and unhelpful recommendations from EPC surveys. These could leave landlords and homeowners out of pocket and with misleading information about their homes’ energy use. Which? wants […]

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Agents – Best to stay or run away?

18th June 2024

Back in August 2022, I became an accidental landlord and it’s been an interesting learning curve. I’ve been quite lucky that I’ve had good tenants and the property is still in good condition. However, the issue has been the letting agents with which I’ve had consistent issues. I decided to use agents because we were […]

Will The Renters Reform Bill Force Landlords to Accept Pets?

18th June 2024

In this episode of Property Breaking News, we explore the hot topic: “Will Landlords Be Made to Accept Pets?” Join us as we delve into the latest discussions and potential policy changes that could impact landlords and tenants alike. Find out what these changes could mean for pet owners looking to rent and landlords managing […]

Does holding deposit start 30 day deposit clock?

18th June 2024

Protecting a deposit in real life, is not something most legal professionals would have likely ever done. Their interpretation of the law, must therefore sometimes be questioned. I have been advised by two experienced lawyers, that “all deposits must be protected within 30 days of receipt”. As a landlord, I cannot agree with such a […]

pic of bailiff gaining entrance to a rented home to evict property118

Bailiffs – Third time lucky?

18th June 2024

Hi, I have had a tenant for 10 years who was in rental arrears in 2022. After obtaining a possession order and bailiffs writ of eviction the tenant pleaded to be allowed to stay and said they would pay up. I allowed the tenant to stay but by August 2023 they had not finished paying […]

Reform UK says it will abolish section 24 for landlords

17th June 2024

Among the promises being made by Reform UK to boost the UK’s private rented sector (PRS) is a pledge to abolish section 24 in its first 100 days in office. Section 24 was introduced in the Finance Act 2015 by the then Chancellor George Osbourne which removed a landlord’s ability to offset all of their […]

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BTL mortgage rates dropped by CHL and Landbay

17th June 2024

Two buy to let lenders have revealed a raft of new rates for BTL mortgages. First up is specialist BTL lender CHL Mortgages which has revamped its buy to let product range, including significantly lowering rates and introducing new criteria for landlords. Ross Turrell, the commercial director, said: “This range refresh is the latest example […]

Side Extension and Minimum Space requirements?

17th June 2024

Hello everyone, I recently had a side extension built next to our main home. It has its own front and back door and there are no doors between our property and the new building. It’s one room and is self-contained, meaning it has its own bathroom and kitchen. If in the future we decide to […]

Foxtons lettings director in business suit discussing London rental market trends

Foxtons says London’s PRS is returning to ‘normal’

17th June 2024

The London lettings market is returning to a ‘normalised’ with a rise in property listings, according to Foxtons. The firm’s data shows a big rise in property listings in May compared to April (36%) – which is 10% higher than last year. This growth in available properties has reduced competition among renters, allowing them to […]

Pile of red warning signs with question marks symbolizing confusion or legal uncertainty.

A bit of a mystery – tenant still paying rent has moved out?

17th June 2024

I have discovered that, although my tenants are still paying their rent to me in full, they moved out of the house some weeks ago and are now living in a chalet in a nearby holiday park. They have been my tenants for the last six years, and apart from the fact that they lived […]

UK housing market remains stable despite election uncertainty

17th June 2024

The UK’s housing market is showing resilience despite the upcoming General Election with the average price now £375,110 – a drop of just £21 on May’s figure. That’s according to Rightmove which adds that the minor adjustment mirrors the typical seasonal trajectory seen in previous years. There are still geographic price disparities as homes in […]

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Non payment of service charge?

17th June 2024

Hi, I live in a small block of flats (6), with six individual owners on the outskirts of Glasgow. The communal charge is low, at £30 a month, but only 5 owners are paying. The non-payer is a lawyer who says he is under no legal obligation to pay the service charge. Can anyone give […]

Labour abolishing Section 21 from day one?

17th June 2024

“Abolish Section 21 from day one” I’m assuming Labour would use ‘COVID style special powers’ to do this, as primary legislation would take us into next year. Question – would abolishing, include cases where the S21 legal process has already been started? I imagine some of these will have been running for over a year, […]

Ending a Tenancy – How to Give Notice Correctly

17th June 2024

One of the most common questions landlords ask is how to give notice to end a tenancy. To address this, I’ve crafted this article to explore the various scenarios under which a standard Assured Shorthold Tenancy (AST) may be terminated and to outline the correct processes for each situation. Throughout this article, we will assume […]