Page 214 – Property118
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 […]

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. […]