Page 198 – Property118
Ceiling-mounted positive input ventilation outlet releasing filtered air

Recommendations for internal bathroom ceiling ventilation fan?

10th June 2024

Hi, I have two rented out flats with internal bathrooms (no windows), both of which have bubbling ceiling paint since I installed Envirovent silent ventilation fans. There is also a damp mark on the bedroom ceiling outside one of the ensuites. Can anyone recommend a really efficient, quiet make/model of ceiling extractor (so tenants will […]

Property expert outdoors discussing rising UK rent prices

Tenants increasingly stay put while homeowners move more frequently

10th June 2024

Homeowners are moving more frequently, while tenants in the private rented sector (PRS) are staying put for longer, research reveals. According to Zero Deposit, renters are staying in their home for an average of 4.3 years, which is 12% longer than 10 years ago. However, homeowners are spending an average of 9.2 years in a […]

Rebecca Marsh comments on the expulsion of three property firms from The Property Ombudsman scheme

Tenant disputes drive record enquiries at The Property Ombudsman

10th June 2024

The Property Ombudsman (TPO) is reporting a record-breaking influx of enquiries – mainly from tenants struggling with repair and maintenance issues. The organisation’s annual report reveals that this year, tenants accounted for 62% of the 57,635 letting enquiries received. It says this is a sign of growing awareness of its role for those wanting to […]

landlord question smoke alarm property118.com

Northern Ireland’s landlords must install new alarms

10th June 2024

New regulations to improve tenant safety in private rental properties across Northern Ireland have been unveiled. The regulations set minimum standards for smoke, heat and carbon monoxide alarms. Alarms can be tamper-proof or hardwired, and smoke and heat alarms must be interconnected. Existing tenancies have until December 1st to comply, while new tenancies must adhere […]

Interest Rates – The Next 18 Months

8th June 2024

If you blinked this week, or if you just don’t follow the Central Banks of the World more closely (what are you playing at?) then you might have missed the fact that the Bank of Canada, and the European Central Bank, both cut their interest rates. The first “major” central banks to do so, in […]

Pic of freeholder key landlord leasehold property118

Does a freehold invalidate the terms of a leasehold?

7th June 2024

Hi, two years ago I bought a flat within an Victorian building with several apartments. At the time of my purchase, my flat was leasehold. The cost of building management including service charged was apportioned by percentage, i.e square footage apportionment and I am the smallest apartment. For example, when I bought the flat the […]

Tenant broken shower door?

7th June 2024

Hi, was wondering if anyone has had a similar issue. My tenant has broken the shower door, not sure how or why, but its happened. I have tried to find a replacement shower door, but have struggled, the only option is to replace the shower enclosure at a cost. I’ve informed my managing agent that […]

How to make more money from property than you currently make

7th June 2024

I believe that given what is happening right now in the UK, this is a perfect time to step up your property investing activity. With high interest rates, and the General Election next month, there is massive uncertainty, which means most property investors are just standing back, waiting to see, which leaves the market wide […]

Woman smiling in professional portrait for property market news article

UK house prices hold steady despite monthly dip

7th June 2024

UK house prices showed little change in May compared to the previous month, dipping by just 0.1%, Halifax reports. However, on an annual basis, house prices continued their upward trend, growing by 1.5% from April’s 1.1% increase. The average UK property now costs £288,688, which is a slight drop from April’s £288,862. Market activity remained […]

Labour vs. Conservatives – Best Party for Property Investors?

7th June 2024

Welcome to Property Answers, the series where we address your burning property questions! In this Election Special, Ranjan Bhattacharya, John Howard and Liana Wall dive into the critical issue of Labour vs. Tories: Who’s better for property investors? Watch the video below

Lendlord logo representing property finance and landlord tools.

Streamlining Cash Flow: How Open Banking and Landlord Software Can Empower Property Managers

7th June 2024

Property management thrives on efficiency, but keeping track of rent payments, managing maintenance requests, and ensuring smooth financial operations can quickly become overwhelming. This is where technology steps in, and open banking is poised to revolutionize the way property managers handle cash flow. By leveraging open banking solutions, property managers can streamline the process of […]

Generation Rent hits out at Labour’s ‘Freedom to Buy’ initiative

7th June 2024

Generation Rent has criticised Labour’s newly announced ‘Freedom to Buy’ initiative which aims to help more than 80,000 young adults move out of their parental homes and onto the property ladder within the next five years. However, the tenants’ campaign organisation says the scheme overlooks the struggles of renters. The initiative is designed to aid […]

A park in London

Londoners move out for cheaper homes

7th June 2024

Property investors and landlords might be interested in a study of London’s moving trends which reveals a significant rise in people relocating to areas with lower house prices. London continues to be the most expensive place to buy a house in the UK, with a whopping £701,280 average house price. This hefty price tag, coupled […]

Cladding scandal victims launch website and legal action

7th June 2024

Hello, Over the last few years I have been hit with this awful cladding issue and repossession by my lender due to expiry of mortgage term on one flat by Mortgage Express and the other flat being taken over because of arrears – due to having to pay tens of thousands in legal bills. It […]

Councils failing to act on dangerous hazards in properties

7th June 2024

Councils are failing to properly inspect properties with potentially dangerous hazards, claims the NRLA. Under the Housing Health and Safety Rating System (HHSRS), local authorities can inspect rented properties for hazards after a tenant complaint and force landlords to fix them. Freedom of Information data obtained by the NRLA reveals that between 2021 and 2023, […]

Smiling business professional sitting confidently in a modern office setting

UK rent growth slows to lowest rate in 30 months – Zoopla

7th June 2024

The UK’s private rented sector (PRS) is experiencing a slowdown in rent growth at 6.6% – the lowest increase in 30 months. According to Zoopla’s latest Rental Market report, despite the fall in growth, competition for rented homes remains high and rent growth for this year will drop to 5%. The platform says there are […]

Stamp Duty on a block of 10 flats

6th June 2024

I’m looking to buy a block of 10 flats and I’m a bit confused about how much SDLT I will need to pay. It appears there are several options. The flats are all identical and I can purchase the whole block for £2,000,000 including the freehold and all 10 leases. I know that Multiple Dwellings […]

Scales of Justice symbolising the legal balance in Wirral’s selective licensing challenge.

Landlords launch legal challenge against ‘unlawful’ selective licensing scheme

6th June 2024

Two unnamed landlords have launched a legal action against a council’s ‘unlawful’ decision to bring in a selective licensing scheme, Teesside Live reports. Middlesbrough Council recently unveiled its Newport 1 scheme which would cost landlords £998 per licence. The scheme would run for five years, and the licence fee has been increased from £820. But […]

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

Buy to Let by Foundation launches five-year fixed rate BTL mortgage

6th June 2024

Buy to Let by Foundation, a specialist BTL lender, has launched a new limited edition five-year fixed-rate mortgage for landlords. The product is available for both individual and portfolio landlords with a strong credit history, offering a competitive rate of 5.74% at up to 75% loan-to-value (LTV) with a fee of 1.75%. This new product […]

Derelict land is the key to London’s housing crisis

6th June 2024

London’s housing crisis could be eased by building on vast swathes of unused brownfield land, according to new research.  The analysis by SBA Property Management, found that the capital has enough derelict land to accommodate at least 414,273 new homes. This brownfield space, defined as previously developed land no longer in use, covers a staggering […]

Property expert discussing rising UK rent arrears and landlord challenges

Tenants offered deposit alternative at new BTR sites

6th June 2024

Tenants moving into new Build to Rent (BTR) developments across the UK will now have the option to avoid the traditional five-week cash deposit thanks to a collaboration between deposit alternative provider Reposit and four major BTR operators. The new partnership will see Reposit’s service offered at Lampton Parkside in Hounslow for the Pinnacle Group, […]