Hi, I’m hoping someone can advise me on an issue encountered with a Section 21 I have served. The tenant has instructed a solicitor, and this solicitor has stated that the S.21 is not valid because I “have demanded and received prohibited payments under the Tenant Fees Act 2019”. After reviewing my accounts, I found […]

Molo Finance has reduced the interest rates on its buy to let products for UK residents with reductions of up to 33 basis points. This, the digital mortgage lender says, will make its BTL mortgages more attractive to landlords. For standard buy to let properties with a loan-to-value (LTV) ratio of up to 75%, Molo […]

Social housing tenants enjoy rents that are 60% cheaper than private rented sector (PRS) tenants are paying, Shelter says. The charity says the difference is £828 per month, on average, and is calling on all political parties to build more affordable social homes. It says that tenants in London would be £1,400 better off, while […]

Rents in England have hit a new high with the average cost of renting a property now £1,183 – a rise of 1.4% compared to April’s figure of £1,166. That’s according to the latest rental index from Goodlord which says this is also the highest rent average recorded since October 2023, when rents were £1,190. […]

Hi, can anyone recommend a company that does buildings insurance for an empty property that I’m going to sell? I’ve looked at a few and they just seem to cover fire but not water leaks. Obviously I’m not expecting either of these, but if I’m paying for insurance, they would seem to be the main […]

Hello, I am in a bit of a pickle and looking for advice and guidance from Property118 members. I leased my flat to my tenant in July 2013, initially on a 6-month tenancy, which subsequently evolved into a periodic tenancy. My tenant left my flat at the end of April 2024. Unfortunately, I forgot to […]

Bridging is one of those things that people sometimes struggle to understand how it works. Especially those new to this business. Simply put, it’s a mortgage to use on an unmortgageable property! If you are not able to put a normal mortgage on a property due to its state of repair or sale terms, but […]

The property market has been uncertain for a while, and with an election upcoming, and the new government that brings in tow, there’s no surprise that landlords are looking to sell, fast. Whether that’s to cash in to get the highest prices now for their portfolios, or to downsize and tidy up portfolios so the […]

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 […]

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, […]

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 […]

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 […]

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 – […]

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 […]

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 […]

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 […]

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 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 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 […]

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 […]

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 […]