Page 203 – Property118

How many laws do landlords have to comply with?

12th August 2024

We all know that landlords have to comply with a lot of legislation but how much legislation is that? You often see articles saying ‘landlords have to comply with 400 separate pieces of legislation’ or similar, but you never see of list of what those 400 pieces of legislation are. So, I have decided to […]

UK house prices stabilise amidst interest rate cuts

12th August 2024

The average house price in England and Wales dipped slightly in July to £360,630, marking a modest 0.1% fall, the e.surv house price index for July reveals. Despite monthly fluctuations, prices have remained relatively stable over the past quarter, defying affordability pressures and election uncertainty. Annual house price declines have eased to 1.3%, a significant […]

Welsh flag featuring the red dragon symbol of national identity

Welsh rent reforms: A cautionary tale for England’s landlords

12th August 2024

It took more than 10 years of drafting and deliberation, but what could the Renting Homes (Wales) Act mean for England’s landlords facing the prospect of a Renters’ Rights Bill? Put simply, says one NRLA expert, it could be a disaster. Mia Rotaru, public affairs officer at the National Residential Landlords Association (NRLA), says the […]

Portrait of a business leader in suit and tie

Scotland’s Heat in Buildings Bill ‘Needs to reflect reality’

12th August 2024

A leading property firm has accused the Scottish Government of setting ‘unachievable’ targets for decarbonising homes and buildings. DJ Alexander, Scotland’s largest lettings and estate agency, says the Heat in Buildings Bill needs urgent amendment to reflect the ‘reality gap’ highlighted in a recent report by the Just Transition Commission (JTC). The JTC report, ‘Investment […]

Landlord overseeing installation of a smoke alarm in a rental property

Carbon monoxide replacement date sticker?

12th August 2024

Hi, A third party recently carried out a routine inspection at my property. By the way, I knew nothing about the visit. The agent confirmed as they are way behind with their inspections (I attend with my branch every 3 months) so not a problem for the property being inspected again! A third party is […]

Limited company address still registered at property?

12th August 2024

Hi everyone, My ex-tenant used my rental property as the office address for his Ltd company while he was living there. He left the property two years ago and has still not changed the office address with Companies House. I have since had a few bailiffs visits at the address for this company chasing money. […]

Can I challenge a Section 20 overspend?

12th August 2024

Hi, I am a portfolio landlord with a leasehold flat in a social housing block of 6. I am the only leaseholder in that block. Works have been completed on 10 separate blocks. A Section 20 notice was issued in 2020 for major works (roof and cladding) with a per flat contribution of £22.2k. The […]

Goal and Strategy Setting for New Property Investors

9th August 2024

Setting a SMART goal and having a step-by-step strategy is the first thing anyone looking to invest in property needs to focus their attention on. SMART stands for Specific, Measurable, Achievable, Realistic, and Time bound. It’s crucial to be precise with your goal and to have a step-by-step strategy in place before getting sidetracked by […]

TML and CHL are the latest to cut BTL rates

9th August 2024

The Mortgage Lender (TML) and CHL Mortgages have both announced rate cuts across their buy to let product ranges as competition in the sector intensifies. TML has reduced rates by 10 basis points on its five-year fixed 75% loan-to-value products and Portfolio Multi-Loan, with its five-year fixed product at 75% LTV and a 5% fee […]

Signing housing agreement with model house on desk

Should I include tenant’s partner on the tenancy agreement?

9th August 2024

Hi, in need of some advice. I rent out a flat in a university town, very often to international students. I have an international student arriving in September who will be paying 6 months’ rent in advance (for the initial tenancy of six months which will be renewed all being well). My only concern is […]

To let sign outside a residential property reflecting changing BTL mortgage rates

Rightmove and OpenRent U-turn in partnership shock

9th August 2024

An announcement last night (8 August) has upended Tuesday’s announcement that Rightmove had severed ties with OpenRent. The property portal giant has confirmed that the online letting agent has signed a new membership agreement. Rightmove said: “Further to the announcement on 6th August, Rightmove announces that OpenRent has entered into a new membership agreement. Our […]

Neighbour Complaints During A Permitted Development Project: Do Their Opinions Matter?

9th August 2024

In this informative video, Ranjan Bhattacharya tackles a common concern for developers and homeowners: neighbour complaints during permitted development. Do these complaints hold any weight, and should you be worried? We break down the rules and regulations surrounding permitted development, the potential impact of neighbour objections, and how to navigate these challenges smoothly. Whether you’re […]

Eviction notice concept with house icon over money and calendar background.

Landlord possession cases surge as homeless figures rise

9th August 2024

Social and private landlord possession claims, orders, warrants and repossessions all increased dramatically between and April and June, government data reveals. When compared to the same quarter in 2023, landlord possession claims surged from 22,526 to 24,495 (9%), orders from 16,029 to 18,436 (15%), warrants from 9,957 to 11,172 (12%), and repossessions from 5,950 to […]

scotland

Scottish housing bill faces criticism as rent control warnings ignored

9th August 2024

An industry body is “disappointed” over a lack of changes to the Scottish Housing Bill. Propertymark has criticised the Scottish government for not taking on board amendments suggested by various industry groups including the impact rent controls could have on the private rented sector. The Bill contains a package of policy reforms including introducing rent […]

Landlord confidence plummets amid fears over Labour’s housing policies

9th August 2024

Confidence in the rental market dips as landlords fear Labour’s housing policies. According to a poll by SpareRoom, 79% of landlords think Labour’s proposals to improve the rental market won’t work. Labour has promised to abolish Section 21 and plans to introduce hardship tests which will make it impossible to evict tenants. Only 19% of […]

Frustrated woman with steam coming out of her ears, symbolizing anger and stress.

RTB denied for spurious reasons?

9th August 2024

Hi, almost a year after my sheltered building was decommissioned (by a council cabinet decision), I applied to buy my flat (Right to Buy). The council rejected saying the flat was still sheltered because the decommissioning had not been registered. When I objected, I was told that the property was still registered as ‘elderly property’ […]

underground car park, parking

Transfer of parking spaces to grandchildren?

9th August 2024

We own two parking spaces worth about £15,000. We use the income, £1,800, to fund pension plans for our four grandchildren. The rent is paid to us which, of course, we include in our tax return with other letting income. We are thinking about transferring/gifting the spaces to our grandchildren (all under the age of […]

What if I only want to let for 6 months?

9th August 2024

Hi everyone, I am in the process of selling my own home which I expect to take up to 6 months, but this could change either way in terms of time. I also own a flat around the corner that is let with the tenant coincidentally confirming they have purchased their own house and will […]