Page 205 – Property118

How your next property could be a cash generating HMO

26th April 2024

One of the biggest challenges faced by all property investors is that at some point, everyone runs out of their own deposit money. Maybe you are close to this point yourself. Most people stop investing at this point, but it does not have to be that way for you. There are two solutions to this […]

Why UK Property Prices Will Keep Rising!

26th April 2024

Welcome to the latest update on the Property market! In this video, Ranjan Bhattacharya delves into the current state of property prices and what the future holds for homeowners and investors alike. Join Ranjan as he uncovers the factors driving the projected rise in property prices for April 2024. Watch the video below

Rent prices inch up as rental market grapples with supply-demand dynamics

26th April 2024

New data reveals the UK’s rental market is experiencing a slowdown in inflation. Nicky Stevenson, managing director of Fine and Country, says whilst supply has seen a modest improvement, the gap between availability and demand is still influencing the market. She adds that rent prices continue to increase across the country. Cooling trend in rental […]

Phil Melia

Property Investors Awards – Property Developer of the Year

25th April 2024

In the ever-changing landscape of property development, it’s often hard to stand out from the crowd. However, the Winter Melia Group led by directors Karl Winter and Phil Melia has emerged as a leading force in the industry. The team has now received another award for 2023 Developer of the Year at the Property Investors […]

Manchester sign on a street paving

Andy Burnham’s Latest Commitment to Renters?

25th April 2024

The Greater Manchester Combined Authority Mayoral Election newsletter arrived this morning. Of the 6 candidates in the running, very few look as though they have any relevant leadership or financial experience. What took my attention was Andy Burnham’s (Labour) commitment to introduce a Good Landlord Scheme across Greater Manchester and, provide tenants with a facility […]

Pic of debt ccj at court for tenant landlord property118

CCJ extension for professional rogue tenant?

25th April 2024

I managed to get a CCJ against a rogue tenant almost 6 years ago. The CCJ only covered the outstanding rental she accumulated whilst awaiting the Bailiffs for 8 months. The ruined unit and furniture theft was an added cost that I ignored. The total loss was about GBP20 000. The CCJ for unpaid rent […]

Foxtons lettings director in business suit discussing London rental market trends

London’s rental market sees rents remain flat but demand rise

25th April 2024

Tenant demand for rented homes in London grew by 9% last month, compared to February, according to Foxtons. The lettings agent highlights that renter demand has fallen 14% year-on-year as the market returns to more typical trends. It says that the number of new renters per instruction also fell year-on-year, with an average of three […]

Property expert discussing rising UK rent arrears and landlord challenges

Renters borrowing more to pay for deposits

25th April 2024

A growing proportion of renters in the UK are having to borrow money to pay their rental deposit, research reveals. The findings from Reposit found that 38% of renters are turning to credit cards, personal loans, overdrafts, or friends and family. The deposit alternative provider says the figure has increased by 8 percentage points in […]

Leaving the UK - Statutory Residence Test?

BRP cards to be scrapped?

25th April 2024

I have just been sent an email from the Home Office. Looks like those plastic Biometric Residence Permits (BRP) cards are now being phased out and potential tenants now have to open an online account with the Home Office so that they can get their Visa ID this way. As a result landlords won’t need […]

Renters (Reform) Bill – The key amendments to look out for

24th April 2024

The Renters (Reform) Bill is heading back to the House of Commons, with several key amendments set to be debated and Goodlord has examined the most interesting proposals that could impact landlords and tenants. The firm’s managing director insurance, Oli Sherlock, said: “There are some sensible and logical amendments on track to be debated during […]

confused

What happens to the subtenants when my contract with the housing association ends?

24th April 2024

Hi, I bought a 5-flat property last year and it’s being sublet and managed by a housing association (this was the case before I bought it too). The housing association has a secure tenancy with the subtenants. We gave the housing association their 10-month notice and they are due to finish their contract this November. […]

The Lettings Industry Council calls for collaboration to solve the housing crisis

24th April 2024

The Lettings Industry Council (TLIC) is urging a new approach to tackle the housing crisis in England. It argues that the current method, with separate policies for different housing sectors, has failed. In a new briefing, TLIC proposes an overarching policy addressing all housing tenures, including private rentals, social housing and homeownership. It emphasises collaboration […]

Property expert outdoors discussing rising UK rent prices

Renting linked to ‘lower quality of life and more stress’

24th April 2024

Renting may negatively impact a person’s overall well-being as tenants experience a lower quality of life, higher stress levels, and less hope for the future compared to homeowners, a survey reveals. The research from Zero Deposit, comes after 1,005 renters and 1,005 homeowners in the UK were polled by the firm. When asked about the […]

Scottish Parliament

Scottish Parliament launches public consultation on new Housing Bill

24th April 2024

The Scottish Parliament is seeking feedback from landlords, the public and organisations on the wide-ranging Housing (Scotland) Bill which could see permanent rent controls being introduced. The Local Government, Housing and Planning Committee and the Social Justice and Social Security Committee are leading the joint consultation. it will focus on key areas like rent control, […]

Students sitting around a coffee table

Student HMOs VS Professional HMOs?

24th April 2024

Hi, hope all is well. I have purchased an HMO that was let to students and I have continued renting to students so far. The property is licensed for this purpose, although the license doesn’t specify that it must always be rented to students. I would like to know if I can let it to […]

Housing Minister speaking on leasehold and commonhold reforms

Landlords could face a two-year wait to sell or reoccupy under Labour plan

23rd April 2024

Labour’s shadow housing secretary, Matthew Pennycook, has proposed a significant change to the Renters (Reform) Bill which would require landlords to wait two years from the start of a tenancy before they can sell or move back into their property. The change is one of a raft of amendments that could be added to the […]

Landlord overwhelmed by paperwork and financial documents while managing rental property changes.

How can housing associations ensure rent payments amid DWP challenges?

23rd April 2024

Hi, I work for a housing association and last year managed to attach a managed payment to landlord (MPTL) for tenants self rent. Their majority of rent is paid by Housing benefit, but the tenants pay the remaining rent for ineligible charges, £7.49 per week at a time. The DWP then decided that it was […]

Freeholder nightmare – What are my options?

23rd April 2024

Hi there, advice and suggestions will be greatly appreciated. The freeholder of my property has a legal obligation as it states in the Lease, to insure the building and provide me with the relevant documentation [certificate, policy, premium etc] before demanding payment. Since 2021, he has failed to provide ANY documentation for 3 years in […]

Is it worth chasing rent arrears and damages?

23rd April 2024

Hi, a few years ago, my tenants signed a Deed of Surrender (DOS) and they now owe four months rent plus the rent increased they have not paid. I have returned their deposit in full. Four months later, when the tradesman became available, he discovered the floors were completely damaged, due to the tenant swapping […]