Page 221 – Property118
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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 […]

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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 […]

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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 […]

Landlords renewing their mortgage are expecting a £615 rise

14th March 2024

Nearly half of UK landlords with mortgages are preparing for a rate renewal within the next year – and they are expecting their mortgage to rise by a whopping £615, on average. The research from The Mortgage Lender (TML) shows that another 41% of landlords will be renewing in the next two to three years. […]

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Renters (Reform) Bill will ‘demonise landlords and bankrupt councils’

14th March 2024

A Conservative commentator says that the Renters (Reform) Bill can best be described as a ‘wholesale and fundamental invasion’ into the principle of private property. Tim Briggs goes on to say that the Bill ‘will demonise landlords – and bankrupt councils’. Writing on Conservative Woman, he says that the Bill ‘insinuates that all tenants are […]

Council unveils improvement grants to help landlords offer affordable homes

14th March 2024

An affordable rented housing initiative has been unveiled by one council with grants for landlords of up to £15,000 to carry out home improvements. The aim is to boost the number and quality of affordable rented homes for tenants. The programme has been launched by Cherwell District Council in Oxfordshire and is open to any […]

Landlord fined £4,700 for ignoring council’s property inquiries

14th March 2024

A landlord has been ordered to pay a fine for failing to respond to council inquiries about his rented property.  Simon Williams, from Manchester, was fined £1,000, along with a £400 victim surcharge and court costs of £3,360.85, totalling £4,760.85. The charges stemmed from Mr Williams not responding to inquiries about a property he owns […]

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Tenant allowed to challenge new EPC rating?

14th March 2024

Hi, we purchased a property in 2.5 acres of land from a company that owned it as well as other adjacent land including a quarry. There was a tenant in situ on a periodic AST. The tenant had been left for years basically doing what they wanted with no management and only one rent rise […]

Academic research project – looking for landlord participants

14th March 2024

The University of York and the University of Sheffield are carrying out a research project looking into the experiences of landlords as they relate to the law and housing regulations. The project is specifically looking to understand the pressures landlords face in relation to adhering to legal and regulatory obligations. We’re interested in hearing from […]

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Council to crackdown on landlords with poor EPC ratings

13th March 2024

Landlords in one city who rent out homes that don’t meet energy efficiency standards and fail electrical safety rules will face fines. The council says that homes with low EPC ratings take longer to warm up and lose heat quicker, meaning energy bills can be higher and residents are exposed to cold-related illnesses. Gloucester City […]

Landbay's sales and distribution director, Rob Stanton wearing a light blue suit and white shirt

Landbay cuts interest rates for HMO and MUFB properties

13th March 2024

Landbay has unveiled a reduction in interest rates for its five-year fixed loans, specifically targeting houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB). The revised rates start at 4.89%, marking a fall of up to 0.25%. The products are aimed at small scale HMOs and MUFBs, accommodating up to six bedrooms or units […]