Page 206 – Property118
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 […]

condenstion on flat window tenant landlord new build property118

Can ventilation systems tackle damp in homes?

23rd April 2024

Hi, with damp and mould being a big issue, are ventilation systems a good idea? This last winter on the south coast there were very few frosts and the air has been very humid and wet. Many houses are damp due to inadequate ventilation. We can write to tenants and advise them especially, in warm […]

Just be thankful you don’t let in Amsterdam?

23rd April 2024

My daughter is renting out her apartment in Amsterdam, having moved to Leiden. Her tax liability will be based on the size and location of the flat not on the rent charged or profit made after mortgage interest etc. Also if she allows tenants to stay longer than 1 year 364 days, the tenants have […]

Landlords to test digital tax records

23rd April 2024

HMRC is encouraging self-employed individuals and landlords to take part in testing a new digital tax record system. From April 2026, those with a combined income from self-employment and property exceeding £50,000 will be required to use compatible software to keep digital records and submit quarterly updates to HMRC. This threshold will reduce to £30,000 […]

Room sizes and LHA rates?

23rd April 2024

Hi, I have a flat with 2 bedrooms but the lounge is huge.  Lounge is irregular shaped 16.38 sqm, Bed 1 is 16.01 sqm, Bed 2 10.34 sqm I would say this is a 2 bed flat obviously but for LHA and room benefit calculation purposes would it be classed as /could it be claimed […]

Property firm calls for EPC assessor accreditation overhaul

23rd April 2024

A leading property firm is urging the industry to adopt stricter accreditation for Energy Performance Certificate (EPC) assessors after repeated encounters with inaccurate EPC ratings that significantly differed upon reassessment. The call from Re:volve Real Estate points to a major issue that needs addressing – the use of unqualified assessors finalising ratings based on assumptions […]

The Tax System Explained In Beer

22nd April 2024

The old ones are the best – we first published this article on 21st September 2017. The Tax System Explained In Beer Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100. If they paid their bill the way we pay our taxes, it would […]

Stuart Burrell, Managing Director Heritage Wills

Heritage Wills – Award winning Will Writing made easier

22nd April 2024

Writing a will may not be at the forefront of everyone’s mind but it’s an important step in protecting your loved ones. Dealing with the loss of a loved one can be difficult at the best of times but you can ease the burden on those you leave behind by organising your affairs in advance. […]

Lowered Stress Test Rates for BTL Remortgages

22nd April 2024

Foundation Homeloans has released improved criteria updates that can help if you are a Higher-Rate Taxpayer. Previously, you would have to look at a lower loan due to the 145% stress rate knocking you down, but with this offering, they may have tipped their corner of the remortgage market in your favour. These new products […]

Insurance cover

Unoccupied property insurance for landlords

22nd April 2024

Leaving a rented property unoccupied can spell trouble for landlords. This is where unoccupied property insurance comes in and can help when the property is left empty between tenancies. Here at Property118, we have teamed up with The Home Insurer who can help with unoccupied property insurance and could help save you money. Why landlords […]

Finance expert warns Budget tax raid could drive landlords from the private rented sector

BTL market shows signs of stability after months of decline

22nd April 2024

The buy to let mortgage market appears to be stabilising after a period of significant product reduction, according to new data. The research from Moneyfactscompare.co.uk found that while the increase is modest – just 39 deals – it follows a drop of 276 deals between the beginning of the year and February. That was the […]

Lighbulb energy bulb inclusive-bills

Help – Energy supply dispute?

22nd April 2024

Hi, in short: this is an EDF supply dispute. Our last tenant had an account with EDF for electricity. The new tenant has asked to have the account released so they can sign up with another supplier. EDF has refused for 5 months to release the account, we assume because there is a debt. We […]

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

The next BTL disaster coming your way!

22nd April 2024

Hi, here’s something I’d like the views of Property 118 readers on. Some of you will have read of my ongoing saga with my tenant. Briefly, after many years I asked him to leave in December 2021 he’s still there. My Section 21 application failed as the judge at Willesden County Court invented a deposit […]

UK house prices rise as top-end market booms

22nd April 2024

Asking prices for new properties are on the rise, with the average price reaching near-record highs, according to Rightmove. This increase is being driven by the top-end of the market which is seeing its strongest start to a year for price growth since 2014. However, despite the positive outlook, high mortgage rates are still a […]

pic of bailiff gaining entrance to a rented home to evict property118

Tenant evictions surge as rent reforms backfire

22nd April 2024

Tenant evictions are on the rise as landlords look to avoid the imposition of the Renters (Reform) Bill which will abolish Section 21 ‘no-fault’ evictions, the Daily Telegraph reveals. The newspaper has analysed the number of property repossessions that are carried out by bailiffs and found that landlords are increasingly removing tenants. It says that […]

Landlords and tenants see prime rental market entering a new phase

22nd April 2024

London’s prime residential rents have seen a significant slowdown after three years of record growth, Savills’ says. The firm’s associate director of residential research, Jessica Tomlinson, says: “Over the course of 2021, 2022 and 2023 rental values of prime residential property in London rose by an eye-watering average of 23.1%. “But over the last six […]

Pic of frustrated woman landlady dealing with UC helpline property118

Help – Tenant moved out and no rent payment from Universal Credit?

22nd April 2024

Hi, I get direct rent payments from Universal Credit for a tenant who has been in the property for 2 years. The tenant moved out yesterday (17th April) and declared a new address as of 18th April. I’ve just called UC to check that I am still due the last rent payment which would be […]