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How to find a property deal?

16th April 2024

Welcome to Property Answers, your go-to source for staying on top of your property game! In this episode, Liana Wall is joined by industry experts Ranjan Bhattacharya and John Howard to uncover tried-and-tested strategies, insider tips, and expert advice on navigating the competitive world of property. This video is packed with invaluable insights that will […]

Scotland’s housing crisis: ‘Anti-landlord legislation’ deters developers

16th April 2024

Scotland’s housing sector is in crisis as developers are being deterred by what they term as ‘anti-landlord legislation’ and are opting to build in England instead, The Times reports. The shift could result in Scotland missing out on the construction of thousands of new homes. Jonathon Ivory, the chief investment officer at Packaged Living, told […]

Colourful fishing boats moored in a Cornish harbour surrounded by stone cottages and green hills.

Cornwall tops UK holiday lets profit chart

16th April 2024

Cornwall has emerged as the undisputed champion of UK holiday rentals, according to a study. The findings from Wealth of Geeks found that a Cornish seaside haven raked in a staggering £40 million during last year’s summer season to be crowned as the most lucrative holiday rental market. The study analysed booking data from Airbnb, […]

landlords warned about the growing of cannabis in their rented properties

Cannabis growing turns rented house into a fire hazard

16th April 2024

Landlords are being urged to increase vigilance after police in one county discovered a cannabis growing operation in a rented property, causing significant damage. Officers raided the house in Sutton-in-Ashfield, Nottinghamshire, following a tip-off and found 143 cannabis plants crammed into several rooms. The property had been converted into a makeshift drug factory within a […]

Campaigners criticise five-year wait for Section 21 ‘no-fault’ evictions ban

15th April 2024

Five years after the government vowed to abolish Section 21 ‘no-fault’ evictions, campaigners say that ‘tens of thousands’ of households continue to face the threat of homelessness due to the policy. The Conservative government first announced plans to outlaw Section 21 evictions in 2019. However, a new analysis by homeless charity Homeless Link reveals that […]

Pic of old houses for HMO property118.com

HMO demand and the future?

15th April 2024

Hi, it seems so many investors are moving towards HMO investment. What is the future of the HMOs? Will these properties still be in demand or is it too much of a risky market now? The evaluation of HMOs are very difficult and even the local agents do not help. When I was buying my […]

RTM company that did not take over?

15th April 2024

Hi, my apartment block has a right to manage company set up with dormant accounts filed each year but we have never taken over. The company is ‘live’ and we are all shareholders. I’m at my wits end with the management – ‘he’ works for the freeholder (who happens to be a billionaire and on […]

Correct Issue of documentation?

15th April 2024

I tried using Openrent quite a few years ago and it was ok but nowadays issue and acceptance of documents are far stricter than they used to be. I have just attempted it again and I asked about documentation. They have told me to issue the Gas safety, EICR, EPC and PAT testing certs myself. […]

Housing market shows signs of slow recovery

15th April 2024

There are signs of a slow recovery in the UK’s housing market with the average house price in England and Wales increasing by a modest 0.1% in February to £361,368. According to a new report by chartered surveyors e.surv, this is the first time the average price has reached this level since February 2022. While […]

Landlords increasingly diversify portfolios with HMOs

15th April 2024

Houses in Multiple Occupation (HMO) are becoming increasingly popular among landlords in the UK, according to data from specialist lender Shawbrook. It says there is a shift in buy to let strategies as landlords navigate a challenging economic landscape. While HMOs consistently made up around a quarter (27%) of Shawbrook’s BTL mortgage business in 2022 […]

Renters (Reform) Bill – Landlords adopt a ‘wait and see’ approach

15th April 2024

A majority of landlords (62%) plan to hold steady or even expand their rental portfolios in the coming year, despite the looming Renter (Reform) Bill, research suggests. Leaders Romans Group (LRG) surveyed 630 landlords last month which revealed a ‘wait and see’ mentality. More than half (55%) of landlords indicated their investment strategies wouldn’t change […]

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

Tenants’ energy bills now equal an extra month’s rent

15th April 2024

For the first time since 2017, tenants in Britain are paying the equivalent of an extra month’s rent annually due to soaring energy bills. The research from Hamptons also reveals that the average annual energy bill for a rental property now sits at £1,331, exceeding the average monthly rent of £1,330. This financial squeeze is […]

Retirement, business continuity, succession and legacy planning

13th April 2024

Are you ready to embark on a journey that not only secures your property rental business but also your future? Retirement, business continuity, succession, and legacy planning are the four pillars that support your dreams and aspirations. Recent changes in the tax landscape have added complexity to these considerations, making it vital to reevaluate your […]

Landlords: we’ll sell your buy-to-let properties, fast, for the best price

12th April 2024

As we enter April it’s been a mixed bag for landlords, with many “nervous” landlords looking to sell amidst a growing apprehension of market conditions and general elections. If you’ve made the decision that now’s the time to sell some, or all, of the properties in your portfolio, you’re not alone. In the last three […]

Angela Rayner: Police reveal investigation into council house row

12th April 2024

Greater Manchester Police (GMP) has revealed that investigations are underway into Angela Rayner, Labour’s deputy leader, following allegations of electoral law breaches. The police had previously dismissed the need for an inquiry into accusations that she had given false address information. But a report in The Times yesterday revealed that police had still not spoken […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

Rising tenant application fraud – landlords pay the price

12th April 2024

Was anyone else surprised/not surprised to read that tenant application fraud has rocketed by 140%? For those working at the sharp end of the private rented sector, I doubt it. My first reaction was why something like this isn’t being highlighted in the dreadful Renters (Reform) Bill as an issue that landlords should not have […]

Man taking a meter reading - do tenants get a share of Government subsidy property118.com

DANGER! Hot wiring – what we all should know?

12th April 2024

Hello, Two weeks ago I was unaware of what Hot Wiring was. Basically, it is electricity theft done by connecting wire either side of a meter and hence no current is charged for as it doesn’t pass through the meter. It can be LETHAL. I had a call from the resident of a block in […]

Landlords looking to sell as buy to let market shifts

12th April 2024

The UK’s buy to let market is experiencing a period of change, with nearly one in three landlords looking to sell up in the next 12 months, research reveals. The findings from uSwitch also highlight that the average loan value for BTL property purchases is on the rise. In March 2024, the figure reached nearly […]

landlords tenants 'no fault' evictions property118.com

Regaining possession of a private sector leased property?

12th April 2024

Hi, does anyone have any experience of getting possession of their property back which is leased under a private sector leasing agreement (PSL) to a council / agency? I have seen articles that councils are not giving properties back to landlords after notice is served. Ignoring the notice. I am interested in exactly what sort […]

Mastering the BTL mortgage maze in a volatile market

12th April 2024

In what has been a volatile time for the buy-to-let mortgage market, many landlords are struggling to find the right product. Navigating the mortgage market can be a maze but with the right guidance, landlords can find a mortgage to suit their needs. Here at Property118, we have worked with the team at Brooklands Commercial […]

landlords uk fees property118.com

Extra unexpected fee to assign deed of covenant to Freeholder?

12th April 2024

I decided to gift a second home to my son and engaged a solicitor to conduct the transfer. The solicitor is now asking for £450 to assign a deed of covenant to the freeholder. Before this l gave the name of the management company to the solicitor, to speed things up l included a list […]