Page 212 – Property118
Notebook with sticky note reminder to pay rent

Rent squeeze forces single tenants to share

4th April 2024

Single renters are feeling the pinch of rising rents more than ever with the percentage of people choosing to live alone dropping by 8% over the past three years. The research from deposit alternative provider, Reposit, reveals the big shift in living arrangements is down to tenants adapting to the cost-of-living crisis. This trend coincides […]

Property investors looking at data property118.com

Top postcodes for buy to let investors revealed

4th April 2024

The best postcodes in Britain for buy to let investors seeking high rental yields have been revealed in a new study. According to Lomond, the estate and letting agency group, its research has found the strongest rental yields – and some of those have increased by the biggest annual margin. The study analysed property values […]

Person researching mortgage options on a laptop while taking notes

Pushy Lenders?

4th April 2024

Most lenders take a fairly relaxed approach to interest-only, but I`m wondering if ones who are a bit pushy are within their rights? After interest rates rose so much we agreed to a period of interest-only with a repayment-type lender which they agreed to and put in writing. All payments have been met in full […]

Lease agreement document with scales of justice and pen, symbolizing landlord and tenant legal rights.

Right to extend lease declined due to Land Registry delay. Is it legal?

4th April 2024

Hello, Although I have bought the right to immediately extend my lease (Sec 42 by Vendor and Deed Of Assignment to me), the freeholder declines to respond on grounds that my title is not yet on the Land Register. I feel quite confident that this is wrong and he has to respond by the 2 […]

Map of Ireland with a pin in Northern Ireland

Tenancies in Northern Ireland – same rules apply?

4th April 2024

Hi, what are agents supposed to provide newbie tenants in Northern Ireland, before and after a tenancy is agreed ? In England the EICR, gas cert, EPC and How to Rent need to be served BEFORE the tenancy is signed. What about holding deposits? And when the rest of the deposit is paid? Tenancy signed […]

Doubt cast on selective licensing’s impact on housing standards

3rd April 2024

The effectiveness of selective licensing in improving housing standards is brought into question by a new report. The findings by PRS compliance company Yuno compare costly licensing schemes against the geographical disparity in properties meeting the decent homes standard. According to Yuno, some councils are charging more for selective or additional HMO licences than mandatory […]

‘Landlady’ Angela Rayner withholds tax advice as police investigate

3rd April 2024

Angela Rayner has again refused to publish the tax advice she has been given over selling her council house – as Greater Manchester Police (GMP) says it will reinvestigate the matter. The move follows criticism from Conservative Party deputy chairman, James Daly, of the police after they said there was nothing to investigate on whether […]

‘Landlords have nothing to fear’ from Scotland’s rent controls plan

3rd April 2024

The Scottish Greens co-leader Patrick Harvie has defended the government’s new Housing Bill, which includes plans for rent control areas. He reassured landlords offering fair-priced, high-quality housing that they ‘have nothing to worry about’. The proposed Bill will task local authorities with evaluating its private rental market and recommending rent control measures to ministers. Among […]

Government urged to stop ‘grandstanding’ and help landlords

3rd April 2024

There needs to be a shift in government policy to stop ‘grandstanding’ and recognise landlords’ rental income as business income for tax purposes, one firm warns. The call comes from Andy Halstead, the chief executive of HomeLet, after its latest rental index revealed an annual 7.52% rise in UK rents. Tenants are now paying an […]

Helping a tenant who has had a stroke?

3rd April 2024

Hello, I have had a great tenant for the last 16 years, always paid on time, he kept the place reasonable tidy, always phoned if there was a leaking tap etc and I would repair it within a couple of days. I have not hiked his rent massively, just the odd £10 or £20 over […]

Buy to let profits dip despite rising rents

3rd April 2024

Landlords have seen a 6% drop in the average buy to let property’s total return over the past two years as costs rise, research reveals. Octane Capital says the profits fall is down to rising mortgage costs, rising agent charges and lower capital growth – despite rental income rising by 19%. The firm looked at […]

Houses of Parliament in London viewed from across the River Thames

Renters (Reform) Bill will face tweaks to help landlords – and tenants

2nd April 2024

The government is set to tweak its Renters (Reform) Bill in England, aiming to address concerns from landlords while still delivering security for tenants. Critics say the changes will create ‘a landlords charter’ but ministers are responding to criticism from Conservative MPs who say the Bill is too burdensome for landlords. The revised proposals include […]

Business professional in suit representing Aldermore mortgage update

Most tenants say they have good landlords

2nd April 2024

Landlords in the UK should ignore what the likes of Shelter and Generation Rent say since most tenants say they have a good landlord, research reveals. The findings from Aldermore challenge the stereotype of what those organisations and the media portray as tense relationships. The majority (69%) of private renters report having a positive experience […]

Pic of pound coins landlords insurance property118

Has anyone claimed on tenant default insurance?

2nd April 2024

Hello, Does anyone have experience of claiming on tenant default insurance? I have had a tenant default claim refused since they say that as the tenant does not have any money that they could recover, they consider the case does not comply with their policy. Seems weird as I would have thought that that is […]

pic of blocks showing a rent rise for a tenant property118

Rent increase paperwork dilemma?

2nd April 2024

Hi, I want to make a 5% rent increase for tenants who are on assured shorthold periodic tenancies. I have never increased rent but have a clause in the tenancy agreements which states: “If the tenancy continues beyond one year and is an Assured Periodic Tenancy then the rent will be reviewed annually on or […]

confused

Can’t get building insurance certificate from freeholder?

2nd April 2024

Hi, despite my repeated emails to my block managing agent, my freeholder is not providing the block’s building insurance certificate. I am entitled to a copy by law. But what law? How do I identify the individuals who own the freehold (I have the company name) and their addresses in order to write to them […]

tenants’ fear becoming homeless agents landlords property118.com

Is legislation forcing people to live on the streets?

2nd April 2024

I am exasperated by my situation and navigating the never ending legislation forcing landlords to evict, sell or face a criminal conviction. The great majority of landlords, to my knowledge, are normal caring people. We want to help others by providing accommodation for a fair price. We want to treat tenants fairly and we want […]

Business professional in formal suit at modern office building

UK house prices edge up despite monthly seasonal dip – Nationwide

2nd April 2024

The UK’s house prices rose by 1.6% in March compared to the same period last year, following a 1.2% growth in February, according to Nationwide. This represents a modest increase but there was a 0.2% dip in prices on a monthly basis when adjusted for seasonal variations. The lender’s chief economist, Robert Gardner, said: “Activity […]

rabbits

Rabbits and bird running loose in property!

2nd April 2024

After the trauma of my first section 8 eviction, I finally enter the house to find the tenant, has let rabbits and a bird run loose in the house. As a pensioner I am left with clearing up this disgusting mess and trying to repair the property, gnawed balustrades, doors, gas fire insulation, scratched carpets […]

Woman in red dress smiling while seated in an office chair.

First-time buyer numbers surge in 2024

2nd April 2024

First-time buyers are a driving force in the housing market this year, making up a record one-third (33%) of all purchases in Great Britain during the first quarter, Hamptons reveals. This marks a significant jump from 29% in 2023, the previous high point. Lower mortgage rates compared to last year have improved affordability, enticing many […]

landlord question water leak property118.com

Need for repairs hindered by a challenging tenant?

2nd April 2024

Hi, I have a block of 10 small studios, all long term and lovely tenants – one of my lovely tenants has become tricky since his girlfriend moved in – his shower leaks into the studio downstairs, a couple of repairs have been made over the last couple of years as there was nowhere for […]