Page 216 – Property118

Could Section 24 be abolished?

28th June 2024

On Thursday we get to vote in the General Election to decide which political party will lead the country for the next 5 Years. I am still not sure who I am going to vote for, so I have been reading the political party Manifestos, and have pulled together an election special episode of my […]

revolving door housing ministers

Revolving door of housing ministers needs to stop warns property expert

28th June 2024

Housing Ministers need to stay for the long haul to tackle the housing crisis, insists a property expert. Jonathan Rolande, the founder of House Buy Fast, is encouraging the next government to prioritise housing from day one. Since 2010, there have been 16 housing ministers, with seven of them coming into office since 2020. Countless […]

Majority of homes can achieve EPC targets without breaking the bank

28th June 2024

Mortgaged properties with low energy efficiency ratings can achieve EPC C targets easily, according to new data. Technology company Kamma says despite scaremongering four out of five inefficient mortgaged homes can easily achieve EPC C. The Prime Minister announced plans last year to scrap EPC requirements for landlords. The legislation would have required landlords to […]

Dramatic rise in rent arrears amid cost-of-living crisis

28th June 2024

Demand for rent arrears advice has dramatically increased in Scotland, according to new research. Citizens Advice Scotland (CAS) reveals a 53% increase in demand for rent arrears advice in social housing. The Scottish government and six other councils in Scotland recently declared a housing emergency. Protections for tenants Citizens Advice Scotland has also seen an […]

Smiling business professional sitting confidently in a modern office setting

House prices set to rise by the end of 2024

28th June 2024

House prices remain flat in May but look set to be 1.5% higher by the end of 2024, Zoopla reports. According to its latest House Price Index, house prices are currently 8% ‘over-valued’ but will be ‘fairly valued’ by the end of the year due to rising incomes. Zoopla’s data shows that despite the election, […]

Generation Rent rent freeze tenants landlords property118.com

Forced maintenance charge by my freeholder?

28th June 2024

Hi, I have a top floor 1 bed flat in a Victorian house converted into 8 flats. The freeholders who have issued to me all the correct section paperwork, obtained quotes for the rear garden (totally run down, overlooked and rarely used due to poor access) to be cleared and paved and for a new […]

Commercial vs Residential Buy-to-Let – Which is Better?

27th June 2024

In this episode, join Ranjan Bhattacharya and John Howard as they tackle the ultimate question for investors: Commercial vs Residential Buy-to-Let – which one is better? They’ll compare the pros and cons, analyze market trends, and provide expert advice to help you make the best investment decision. Whether you’re a seasoned investor or just starting […]

Is this council letter to tenant legal?

27th June 2024

This is what the local borough sent to my tenant after I had sent her a Section 21 notice: “I have requested that you be assigned an officer who will go through the next stage with you. “Please be aware that due to a backlog of cases, this may take a little while but you […]

Landlords’ election choices uncertain amid housing policy concerns

27th June 2024

With just a week to go until the general election, landlords are sceptical about the housing policies of the political parties. According to a survey by SpareRoom, almost two-thirds of landlords, (62%) have decided who they’re voting for already. However, 62% of voters who have made up their minds are not optimistic about their choices. […]

Key resting on tenancy agreement paperwork relating to a rental arrangement for multiple occupants

AST to periodic tenancy confusion?

27th June 2024

Hi, I’m considering allowing my ASTs to lapse into periodic (rolling) tenancies, but I’m finding conflicting information about notice periods for rent increases. According to Section 13, form 4, note 15: The first requirement, which applies in all cases, is that a minimum period of notice must be given before the proposed new rent can […]

Businessman facing declining house prices as market trends downward

Scotland’s housebuilding plummets following rent controls

27th June 2024

Housebuilding in Scotland has taken a significant hit since rent controls were introduced. According to Scottish government figures, only 16,404 new homes were started in 2023/24, which is 3,000 fewer than the previous year. In the private sector, the number of new homes started fell to 12,904, down 16% and the lowest number since 2014/15. […]

Advice needed for tenant moving out with property damages?

27th June 2024

Hi, if you have seen my previous posts you’ll know my experience with a bad tenant with my very first BTL has been horrendous! Please see post here >> https://www.property118.com/who-pays-for-damaged-door-after-police-welfare-call/comment-page-3/#comments The tenant has requested an early release to secure a larger property, but there are still unresolved property damages. My confidence in the agent is […]

Pic of landlord discussing tenancy agreement addendum wording property118

Do new freeholders have to honor old agreements?

27th June 2024

Hi, I own a leasehold flat in a block that became derelict in 2021 after the flat above failed to repair the roof. To compensate for this, the freeholder, whom I knew, agreed to pay my rent with the understanding that once the roof was repaired, my property would also be reinstated. Now the property […]

The chief executive of flatfair, Gary Wright

Flatfair sees surge in deposit-free tenancies

27th June 2024

A deposit alternative specialist says it has seen a big rise in the take up of deposit-free tenancies, with a 30% year-on-year increase in May. This surge comes as students prepare for the new academic year, facing a combination of rising rents and a shortage of rented accommodation. Flatfair says one agent processed 170 student […]

Labour’s plan to curb bidding wars under fire for loophole

26th June 2024

Labour’s plan to make bidding wars illegal contains a loophole, warns critics. The Labour party has clarified it will stop letting agents and landlords from pushing bidding wars, but tenants can still make ‘voluntary’ higher offers above the asking price. Tenant union group Acorn warns the loophole will make the policy “useless” and hurt tenants. […]

Understanding and Reforming the Rate Paid by the Bank of England to Commercial Banks

26th June 2024

The Bank of England’s monetary policies, specifically Quantitative Easing (QE) and Quantitative Tightening (QT), have profound implications for the UK economy and property market. A critical yet often overlooked aspect is the rate paid by the Bank of England to commercial banks for their deposits. Various policy ideas have emerged to address this, including those […]

Scottish Conservatives blame SNP for housing emergency

26th June 2024

The Scottish Conservatives claim the SNP have caused a housing emergency in Scotland. The party’s manifesto says the rent cap introduced by the SNP “has backfired and made landlords leave the market”. The Scottish Conservatives pledge to oppose rent controls and introduce a rent-to-own model. Landlords leaving the market The SNP claim in their manifesto […]

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Landbay claim landlords remain optimistic despite political uncertainty?

26th June 2024

Fewer landlords feel negative about the buy-to-let market, according to a new study. The research by Landbay reveals that 27% of landlords surveyed felt negative about their buy-to-let business, compared to 37% at the end of last year. However, the study also reveals some landlords still feel anxious about the abolition of Section 21 and […]

EPC rating

Renters demand EPC upgrades as energy bills vary widely across homes

26th June 2024

More than half of the UK’s housing stock—around 18 million homes—currently has an EPC rating of D or lower. According to Rightmove, homes with the lowest EPC ratings can see their energy bills differ by thousands of pounds compared to those with higher ratings. A survey by the property portal reveals the main reason people […]

Can I speed up possession due to property damage?

26th June 2024

Hi, I’m currently waiting for a Section 21 possession order, with my solicitor actively chasing the court for updates. The council advised the tenants to remain in the property until eviction. The tenancy ended in July last year. The management company conducted an inspection in February 2023 and addressed necessary repairs. I requested another inspection […]

Download the Ultimate Guide to Landlord Tax Planning – Updated for 2024!

26th June 2024

It has now been nearly five years since we first published our eBook “The Ultimate Guide To Landlord Tax Planning“. The World of tax planning has moved on significantly since then, so our latest update is an essential read for all UK property business owners as well as those providing services to the UK Private […]