Page 216 – Property118

Which is the best property management software?

19th March 2024

Hello, I am a commercial and residential landlord; I have 60 properties in 5 limited companies and am looking for recommendations for the best property management software to assist me in running the business. I would like assistance with rent collection, reminders and storage of EPC’s, electric and gas certs, HMO and residential licences, lease […]

Buy to let sign outside a residential property highlighting changes in mortgage rates

Rent growth slows as rented homes take longer to let

19th March 2024

The rate of rent increases is slowing down, but tenants are still facing significant rises, the latest data from Hamptons reveals. According to its figures, the average rent on a newly let home in Great Britain rose 7.1% year-on-year in February. This is down from 8.3% in January and a peak of 12.0% in August […]

Pic of England homes for EPC ratings landlords property118

Landlord MPs set to ‘torpedo’ Renters (Reform) Bill

18th March 2024

Momentum is growing to torpedo the Renters (Reform) Bill that will abolish Section 21 ‘no-fault’ evictions and end fixed term tenancies, the Telegraph reports. The news comes just days after The Sun revealed that angry Tory MPs have brought the Bill ‘close to collapse’. Michael Gove, the housing secretary, vowed last month to pass the […]

The End of Multiple Dwelling Relief: How Property Investors Can Adapt

18th March 2024

In this video, join Ranjan Bhattacharya to discover the latest developments from the Spring Budget that have sent shockwaves through the property investment community – the abolition of Multiple Dwelling Relief. Join him as he explores what this means for landlords, investors, and the wider housing market. Watch the video below

Property market sees price surge fuelled by rising buyer demand

18th March 2024

The average property listing price in the UK surged by 1.5% to £368,118 to mark the UK property market’s ongoing revival from a subdued 2023, data from Rightmove reveals. The price rise is down to growing buyer interest with estate agent enquiries and robust sales figures surpassing those of last year. Rightmove also highlights that […]

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Most landlords will face higher CGT bills from April

18th March 2024

April will bring a surge in Capital Gains Tax (CGT) bills for landlords, with 89% of higher-rate and all lower-rate taxpayers being affected, research from Hamptons reveals. That’s because the annual personal allowance for capital gains is set to drop from £12,300 in 2022/23 and £6,000 in 2023/24 to just £3,000 in 2024/25. Those reductions […]

Propertymark policy head highlights concerns over the Renters’ Rights Bill’s impact on landlords and tenants

10,000 rental homes in London could be lost to short lets

18th March 2024

London’s rental market is under threat, warns Propertymark, as landlords look to exploit a deadline and convert their rental properties into short-term lets ahead of new regulations. That’s because new rules will see new short-term lets having to register and meet planning regulations – and they could be stopped if a council decides there are […]

Tax Efficient Property Investment

15th March 2024

Before you buy another property you need to understand this … The correct ownership structure is a vital ingredient to your success as a property investor. The following Case Study and explanatory notes explain why, by comparing a property private rental property business owner with a private hotelier. Let’s assume that both businesses own assets […]

Raised hands in a discussion symbolizing participation and questioning leadership purpose.

NRLA and Crisis team up to demand Renters (Reform) Bill update

15th March 2024

The National Residential Landlords Association (NRLA) has teamed up with the homelessness charity Crisis to urge clarification on the future of the Renters (Reform) Bill. The call comes after media speculation that the Bill is ‘on the brink of collapse’ and that backbench MPs have forced various amendments. In a letter to Michael Gove, the […]

Thank you and Something for you! A gift this weekend

15th March 2024

I have a very special gift for you this weekend, but you need to claim it now. Over the last two weeks, I have invited you to join some live training with me, Simon Zutshi about my “No Mortgage – No Deposit Strategy”. I do hope you seized this opportunity to learn this. I am […]

A women at a laptop in a kitchen with her hands on her head in frustration

Can I get minutes from a board meeting where I was removed as director?

15th March 2024

Hi,  I was the managing director for a residential management company. I started asking uncomfortable questions and requesting to see expenditures etc. Other directors did not like it and they removed me from the position of director at the board meeting without following the procedure outlined in the articles of association which is standard pointing […]

A laptop showing stacked coins

Over 80 days to reclaim deposit?

15th March 2024

After a year of waiting for legal repossession, I have up to another 80 + days before I can access the deposit! DPS, 14 days before the tenant, who has disappeared does not reply, + 1 week to find a solicitor who will witness the signing of the statutory declaration (17 solicitors declined to offer […]

Tenant has taken carpet, blinds and lampshades!

15th March 2024

Hi, I have had a tenant in a 2-bedroom house for one year. At the end of the year, they have ended the tenancy and have now moved out. I have an agent providing a full management service. At the inspection following the tenant’s leaving, it was discovered the tenant had removed a bedroom carpet […]

Letting agents believe the government is ‘out of touch’ on housing

15th March 2024

The survey of 160 agents by Goodlord, found that 75% of respondents doubted the government’s understanding of the sector’s challenges. And 19% say they are uncertain, while just 6% believe the government truly grasps the intricacies of the market. ‘Majority of agents have little faith in this government’ Goodlord’s managing director of insurance, Oli Sherlock, […]

Landlords are feeling the squeeze with inflation and recession fears

15th March 2024

Landlords in the UK are facing a variety of challenges, with a new survey revealing worries about inflation, the cost-of-living crisis, and a potential property market downturn, a survey has found. The research from property finance broker Finbri, found that 85% of landlords are worried about inflation, while 77% are concerned about the cost-of-living crisis. […]

Precise Mortgages reveals its new brand identity

15th March 2024

Precise Mortgages has unveiled a new brand identity, characterised by a fresh and distinctive look and the makeover coincides with the launch of its redesigned broker and customer websites. The popular lender will now be called Precise, and its broker platform has received a significant overhaul, featuring a complete rebuild with new tools designed to […]

RICS logo representing the organisation behind the latest UK housing market survey

Tenant demand grows as landlord instructions decline

15th March 2024

The lettings market continues to see high tenant demand, albeit at a slower pace – but a dwindling number of landlord instructions means there’s a shortage of rental properties. The latest Residential Survey by the Royal Institution of Chartered Surveyors (RICS) says this imbalance is expected to push rents up in the coming months. RICS’ […]

Tenants in arrears need protection under the Renters (Reform) Bill – debt charities

15th March 2024

Debt advice charities have written to the Housing Secretary Michael Gove urging him to push the Renters (Reform) Bill through Parliament – and add stronger protections for tenants in rent arrears. The debt advice organisations — StepChange, Money Advice Trust, Citizens Advice and Christians Against Poverty — say that the new Bill offers a ‘repeat […]

Multiple estate agent boards showing rental properties let in the UK housing market.

London rents slide as landlords adjust to new market reality

15th March 2024

London’s tenants are seeing rent prices fall with three firms highlighting the trend – and how landlords are responding. Estate agent Chestertons reports a significant increase of 125% in landlords lowering their asking rents, with some areas experiencing rent drops of up to 10% compared to February 2023. This trend is down to a near […]

Book your free tickets for Property Investor Show

15th March 2024

A popular landlord show is returning to London in April 2024. The Property Investor Show is the largest and longest-running property investment expo presented in the UK each year with hundreds of people attending each event. The show caters for all levels of property investor experience – so whether you are a property novice or […]

Tory Budget Squeeze: Why Small Landlords Are Feeling the Pinch

14th March 2024

Join Ranjan Bhattacharya in his latest video as he dissects the Conservative Party’s latest budget and its profound consequences for small-scale landlords. He uncovers the harsh realities facing property owners in the wake of these policies. Dive deep into the intricacies of the Tory agenda and how it’s reshaping the landscape of rental housing. Whether […]