House prices in England and Wales are continuing to fall, but the rate of decline is slowing, according to the latest e.surv house price index. The average sale price of completed home transactions using cash and/or mortgages in England and Wales rose by a small amount (£127) to £359,154 in April. This is still 2.9% […]

While it may have been known for its strong commuter belt effect on house prices, London now has the weakest ‘ripple effect’, research reveals. Estate agents Yopa have analysed house price growth over the past five years in 12 major British cities. It then compared this growth to the average increase in local authorities bordering […]

Hello, I got possession order at the end of October. We applied for a bailiff in December 23 and now have a bailiff date for October 24. Is that the experience of everyone else? Nine months after getting a possession order to wait for a bailiff in the Ilford area? We are really struggling to […]

Research reveals that 41% of properties sold under Right to Buy are now privately rented – that’s around 820,000 homes. And since 2015, another 109,000 former council homes are now in the private rented sector (PRS), the New Economics Foundation (NEF) says. It warns that the sales are a key factor behind the dwindling availability […]

Hello, I have a question. Our tenants have large and well matured front and back gardens. There is a well established, large tree in their front garden (over 50 years old) which is affecting the neighbour’s garden in as much as because it blossoms throughout the Spring and Summer months they are unable to sit out […]

Hello, I am currently going through Section 21 route to evict my tenants who haven’t been paying rent since November 2023. Instead of issuing a possession order, a judge has set a hearing date in July this year stating since October 2015 , a valid EPC certificate is needed to use Sec 21. While my […]

Hello, I understand why Lewisham want to clamp down on rogue landlords – but it is so unfair on those of us who aren’t. This is a sledgehammer/nut scenario. And those of us who use a reputable agent, will have to pay twice to have our documentation checked, as the agent will want to do […]

This weekend I asked Chat GPT to “draft a blog to explain the role of Property118 for UK landlords”. The following is what it came up with (unedited) … In the dynamic landscape of property investment in the United Kingdom, landlords often find themselves navigating through an array of challenges, from regulatory compliance to financial […]

This podcast is the second in a series about the Renters Reform Bill. This episode predicts when the bill will take effect and brings more clarity around some specific parts of the changes with real-life examples, like how this could impact student landlords. Good Landlording is a new podcast hosted by Richard Jackson of Alphaletz […]

The financial challenges being faced by aspiring homeowners in the capital have been revealed by a study which shows a significant gap between mortgage payments and average rents. The research by SBA Property Management shows that the difference makes buying a property in London a less attractive option compared to other UK cities. Across London, […]

The National Residential Landlords Association (NRLA) has hit out after research reveals that councils have collected less than half of fines levied against criminal landlords in England. According to the NRLA, just £6 million out of £13 million in civil penalties imposed on landlords between 2021 and 2023 have been collected by councils. This means […]

The Jersey Landlords Association (JLA) says it is disappointed with the implementation of the island’s new rented dwelling licensing scheme. It believes the rushed rollout has created confusion for landlords, tenants and letting agents. The JLA is criticising the 124-page technical code of practice, arguing it isn’t user-friendly and lacks clear guidance for landlords to […]

Hi everyone, I own a leasehold flat in a building (total 5 flats) and I also own a share of the freehold. We appointed a contractor via our managing agent to carry out major external works in the building including to the roof, electric writing, water pipes etc. This work was being overseen by a […]

Before you buy another investment property you need to understand this … The correct ownership structure is a vital ingredient to your success as a property investor. The following Case Study and explanatory notes explain why, by comparing a property private rental property business owner with a private hotelier. Let’s assume that both businesses own assets […]

Glasgow has the worst student accommodation shortage in the UK and needs an extra 22,000 beds to meet demand, a report by Savills reveals. It also says that Edinburgh is following closely behind with a need for an additional 17,000 beds. The high student population in Glasgow, with more than 77,000 students across its universities, […]

Hello, We have a small portfolio of properties and for various reasons, one of which is managed for the last five years, via a property agency, where the others are managed by ourselves. The tenant has been the same tenant over the same duration. Following this year’s inspection, the agency have reported that none of […]

This will help you get up to date with the current market opportunities. In this ever-changing UK property market, it’s really important to keep up to date with what’s happening In the first quarter of 2024, with soaring interest rates and high inflation affecting homeowners and investors, many are facing challenges meeting their mortgage repayments. […]

Amidst the hustle and bustle of our daily lives, it’s important not to overlook planning for the unexpected. It’s essential to protect our personal affairs and portfolio with measures such as Lasting Power of Attorney (LPA) Here at Property118, we have worked for over 15 years with award-winning legal service Heritage Wills which can help […]

Propertymark members in Wales have made their disapproval of rent controls clear after the Welsh government published a summary of responses to their Green Paper on housing. The government wants to improve housing affordability in Wales, and it received more than 300 responses to a consultation. It covered issues like rent costs, tenant behaviour, and […]

Hi, I wonder if anyone can help? I own a leasehold flat above a small retail shop. I have a mortgage on my leasehold flat. My dad owns the freehold of the property which includes my flat and the retail shop which the rent provides an income to him. He wants to transfer the freehold […]

The Bank of England (BoE) has kept interest rates at a 16-year high of 5.25%, as expected, in a bid to control inflation. With inflation nearing the bank’s target of 2% – it is currently at 3.2% – a rate cut is anticipated in the coming months. One member of the nine-person Monetary Policy Committee […]