Page 196 – Property118
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Goodbye Renters (Reform) Bill: Unloved and unwanted but the fight goes on

31st May 2024

Other than Ben Beadle, are there any landlords who will be mourning the demise of the Renters (Reform) Bill? It was unwanted by landlords and agents; it would have brought destruction and the big issue I warned about when the final version began its rocky route through Parliament didn’t come to pass. That’s the effective […]

landlord question CGT property118.com

Capital Gains Tax Question – PPR Title Splitting

31st May 2024

Hello I have a capital gains tax question. Someone owns a home and they have lived in it the whole time. They have built a large extension which, with very little work, can be made into a separate dwelling. If they were to get the title split and a separate supply of electricity and water, […]

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UK house prices bounce back – Nationwide

31st May 2024

The UK’s house prices edged up in May after a brief period of decline, suggesting the market is weathering recent economic challenges, Nationwide reveals. It says prices increased by 0.4% compared to April, following a 0.4% dip in April and a 0.2% decrease in March. The annual growth rate for house prices also picked up […]

Profit from property planning mistakes using the 4 year rule before it’s too late!

31st May 2024

In this video, Ranjan Bhattacharya reveals how you can profit from other people’s property planning mistakes using the 4 Year Rule before the upcoming law changes! With the Levelling Up and Regeneration Act 2023 introducing new enforcement practices from April 25, 2024, the window to capitalize on this opportunity is closing. Learn how to: Understand […]

Why am I so bullish about capital growth?

31st May 2024

A friend and business partner asked me the other day – why so bullish on capital growth? I’ve made a few bold predictions nearer the start of this year around 25%+ capital growth over the coming 5 years in the UK property market. Let’s start with my list of shortcomings. I’m a yield chaser – […]

Professional portrait of a business executive representing Foundation Home Loans’ Buy to Let relaunch.

Buy to Let by Foundation cuts its BTL mortgage rates

31st May 2024

The buy to let brand of Foundation Home Loans, Buy to Let by Foundation, has announced reduced rates on its buy to let products. The lender is offering competitive rates for both portfolio and non-portfolio landlords, with a new 4.99% five-year fixed-rate mortgage for portfolio landlords. Rates on existing products have also been reduced by […]

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Which is the best landlord insurance when tenants are on benefits?

31st May 2024

Hello, I’m posting for a friend who is a landlord with a 2-bed flat in London. I’m hoping other landlords can help. I would like to know: Who is the most most effective landlord’s insurance for a tenant in receipt of housing benefit? May I also admit, the tenant is paying between £3/400 pm under […]

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How do I enforce a CCJ?

31st May 2024

Hello, after five and a half years, a CCJ debtor still hasn’t paid their outstanding rent (£3k). Attachment to earnings and Sheriffs have been unsuccessful (they are an agency worker, albeit full time). I’m wondering if anyone has experience of issuing the N316 form for debtor to attend court to declare income and earnings? He […]

Labour's Angela Rayner promises rental reform and the abolition of Section 21 'no-fault' evictions at the party conference.

HMRC clears Angela Rayner of council house tax allegations

31st May 2024

HM Revenue and Customs (HMRC) has cleared Labour’s deputy leader Angela Rayner of not paying capital gains tax (CGT) when selling her council house. According to The Guardian, which claims to have seen HMRC documents, the tax body has decided that Ms Rayner’s home in Stockport was her main home throughout her period of ownership, […]

Sadiq Khan in London with city skyline in the background.

Sadiq Khan slams failure to pass Renters (Reform) Bill

31st May 2024

Sadiq Khan has called the failure to pass the Renters (Reform) Bill “a huge betrayal” to renters. The London Mayor reveals the number of no-fault eviction claims against private renters in London increased by 52% in the past year, which is more than five times the increase seen in the rest of England and Wales. […]

west lothian

Sixth Scottish council declares housing emergency

31st May 2024

West Lothian Council has declared a housing emergency, citing the mounting pressures on housing and homelessness due to an imbalance between supply and demand. The move comes after the Scottish government declared a housing emergency earlier this month. The council says the Housing (Scotland) Bill introduced in March is expected to add more pressure on […]

Legal expert gives crucial advice to landlords on rent arrears and eviction challenges

30th May 2024

In a challenging and uncertain time for landlords, one legal expert gives advice no landlord will want to miss. Solicitor and managing director of Landlord Law, Tessa Shepperson shares her insights on how to handle rent arrears, navigating the eviction process and the uncertainty surrounding the Renters (Reform) Bill. Ms Shepperson also explains the importance […]

Tenant carrying out work to the property?

30th May 2024

Dear all, our property has been let out to a conscientious couple with children for several years during which time tenants have been carrying out various minor maintenance works on the property themselves – they have really looked after the property. Now they have proposed more and slightly larger maintenance works which they emphasised that […]

Right to Rent checks soar 577% as fines increase

30th May 2024

Landlords and letting agents in England are conducting Right to Rent checks at an unprecedented rate, with a staggering 577% rise year-on-year, according to research. Credas Technologies says the surge comes after big increases in fines for non-compliance with the Right to Rent scheme. It requires verification of a tenant’s immigration status before they can […]

Social housing provider slammed for poor tenant services and worker treatment

30th May 2024

Social housing landlord Sanctuary Housing has been accused of prioritising profits over tenants and staff well-being by the union, Unite. The UK’s leading union is highlighting ongoing strikes by Sanctuary’s London repair workers. It points to a recent Housing Ombudsman report criticising the landlord’s service provision as evidence of a systemic problem. Sanctuary, with assets […]

Paying for a selective licence?

30th May 2024

Hi, as far as I am aware, while the cost of a selective licence is determined by councils, the process of paying in parts is set out in legislation. This was further clarified after the case R (Hemming t/a Simply Pleasure v Westminster CC [2017] 3 WLR 317). The case stated that under Part 2 […]

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Addressing new owners’ legal non-compliance in leasehold property?

30th May 2024

Hi, we own the freehold of a property in Wales containing three individual leasehold flats, one of which has recently had a change of owner, who is failing to uphold or comply with his legal obligations. Note, we own the entire freehold. We sold the ground floor leasehold flat approximately 5 years ago, and it […]

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Record number of homes for sale will dampen price growth

30th May 2024

The UK’s housing market is experiencing a surge in the number of homes for sale, with Zoopla reporting the highest levels in eight years. This influx of properties is expected to dampen house price growth for the rest of the year while offering more choice for buyers. The platform’s research highlights that while sales are […]

Should I choose a corporate let over an AST for summer tenants?

30th May 2024

Hi, I have prospective tenants who own two coastal properties (to let out in summer), who wish to live in my city house for five months over the summer season on a short-term corporate let, not AST. They’re happy with a corporate short-term contract with two named occupants. With election looming is this advantageous over […]

Is a vote for Reform the logical choice for landlords?

29th May 2024

I’d appreciate your thoughts because it seems to me that the only realistic hope for landlords teaching the two major political Parties a lesson is to vote Reform in the hope of a Labour  / Reform coalition. Surely that would put the cat among the pigeons! Reform appears to me to be the only UK […]