Page 232 – Property118

Survey reveals landlords are optimistic amid uncertainty

21st February 2024

Despite a gloomy private rented sector filled with uncertainty, one lender group reveals landlords are continuing to invest in the rental market. According to the OSB group, seven in ten (69%) of landlords have already or are planning to increase the size of their property portfolio, increasing to 77% of professional landlords. Nearly half (42%) […]

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Council urges landlords to join its Safer Renting scheme

21st February 2024

A scheme that aims to improve the quality and safety of rented properties in Weymouth and Portland has been launched by Dorset Council. The Safer Renting scheme offers landlords tailored advice and information on how to comply with various laws and regulations. The scheme, which started last year, has already attracted 75% of the landlords […]

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Drop in buy to let mortgages as older landlords sell up

21st February 2024

The number of landlords taking out new buy to let mortgages has plummeted, according to new figures. According to UK Finance, buy-to-let loans amongst over-55s fell from 16,930 in the final quarter of 2022 to 7,980 in Q4 2023. Around half of new mortgages for the over 55s were for house purchases or remortgages (14,625) […]

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Quadruple surge in fake tenancy applications

20th February 2024

Fraudulent tenancy applications have quadrupled in the last two years, according to new research. Referencing agency Homelet says they have seen a surge in fake tenancy applications receiving nearly 200 per day. According to the 2020 Fraud and Corruption Tracker by the Chartered Institute of Public Finance and Accountancy (CIPFA), false tenancy applications are the […]

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Block of flats insurance for landlords

20th February 2024

If you own a block of flats and rent them out to tenants, you may need a special type of insurance to protect your property and your liability. This is called block of flats insurance – sometimes referred to as ‘block insurance’ – and it is designed to cover the specific risks and challenges that […]

How do I fill in the Warrant of Possession section 4 details?

20th February 2024

Hi, I’m really confused about what to put in the warrant detail section 4. What amount I should put in (a) and (b)? Or shall I leave it blank as the bailiff is not there to collect money but only to take the tenant out? Shall I put £130 in the issue fee? As it’s the […]

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Landbay launches fee-free five-year fixed-rate BTL mortgages

20th February 2024

Landbay has announced the launch of two new fee-free five-year fixed-rate mortgages for landlords, with competitive rates and flexible terms. The first product is a standard five-year fixed-rate mortgage at 5.69%, which can be borrowed up to 75% of the property value, with a maximum loan amount of £1.5 million. The second product is part […]

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Government’s holiday let crackdown ‘not enough’, warns renters’ group

20th February 2024

A renters’ group has criticised the government’s plans to curb the growth of short term lets, saying they are insufficient and could backfire. The Housing Secretary Michael Gove announced yesterday (Monday) that future short term lets would need planning permission. He also said that a national register would be set up to ensure safety and […]

Paragon launches new BTL mortgages for portfolio landlords

20th February 2024

Portfolio landlords can benefit from six new buy to let mortgage products launched by Paragon Bank which are part of a limited-edition range. The products offer five-year fixed rates at up to 65% loan-to-value (LTV). They have been designed for landlords who own four or more buy-to-let properties, either in personal name or through limited […]

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I need help with a personal injury claim against me?

20th February 2024

Hello, I am a landlord of a newly developed building. Due to a storm I had to move a tenant into one of my vacant flats. The flat had been completed 1 year prior and was in excellent condition. The tenant then had a friend staying, a rather large lady who, from what I gather, […]

Agent went bust without protecting client deposit!

20th February 2024

Hello, my agent (a company, so no chance of getting anything back) went bust without protecting my tenant’s deposit. I presume that I am still liable for reimbursing the deposit, even though I have not received it, and also lose protection because it wasn’t protected within 14 days of the receipt. What is the way […]

Joint landlord but single name on a PCOL application?

20th February 2024

Hello, we have both landlord names on the AST and other paperwork which is all in order. But when you register as an “Individual” on the Possession Claims Online (PCOL) website, there’s no option to add a 2nd claimant, i.e., the other landlord. Therefore, on the court application, there’s only one landlord named. The judge […]

UK housing market sees first value drop in a decade

20th February 2024

The total value of all homes across the UK has dipped for the first time since 2012. According to figures by Savills, the total value of UK homes now stands at £8.678 trillion. The analysis of the UK’s housing stock reveals that the total value has fallen marginally on 2022 – when values peaked – […]

Social housing tenant complaints could exceed 1 million

20th February 2024

The number of complaints being made by social housing tenants could be much higher than the official figures suggest, a new report reveals. Housing data expert Housemark says that complaints from residents who are dissatisfied with the service they receive from their landlord could exceed 1 million. The report, based on Tenant Satisfaction Measures (TSM) […]

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Gove unveils new rules to curb short-term lets

19th February 2024

The government has announced new rules to restrict short-term lets and give local communities more control over housing. The changes, unveiled by Secretary of State for Levelling Up Housing and Communities, Michael Gove, will require planning permission for future short-term lets and create a mandatory national register to provide valuable information and help ensure accommodation […]

HMO licence – Consistency of the Public Register?

19th February 2024

Hello, I recently obtained an HMO licence and, to my horror, found out that my home address will be included in the public register. Anybody can search this register online and obtain my home address. There seems to be no consistency between various councils as to what is publicly published. Medway Council publishes online a […]

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How do I get access to fix a water leak?

19th February 2024

Hello, I have a ground floor flat with one flat above. I have water leaking through the bathroom ceiling from the flat above. The flat owner said he has no problem and has refused access to the flat for an independent plumber to check the pipes etc. The managing company do not want to know […]

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Help needed to file N325 warrant of possession via PCOL

19th February 2024

Hi everyone, I got the possession order on 6th February and the tenant is ordered to leave by 20th Feb. I don’t think he will move out so I’m hoping to get the N325 ready and file it online via the Possession Claims Online (PCOL) process. However, I am unable to see any action available […]

Illustration of houses with the word eviction, symbolising Section 21 rental evictions

Do I need to serve Section 8 now or later?

19th February 2024

Hello, is there a time limit on how long landlords have to serve a Section 8 repossession notice for Rent Arrears? I have a property with a Universal Benefit tenant who has amassed 6 months’ worth of rent arrears. I believe her when she tells me that this is because the DSS has failed to […]

Call for landlords who have used rent-to-rent operators

19th February 2024

The Government is looking to regulate the practice of rent-to-rent under the Renters (Reform) Bill, where landlords let their properties to a third party who then sublet them to tenants. The move will see landlords being made liable for the behaviour of rent-to-rent operators and allow rent repayment orders to be issued against them. Now, […]

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Home sellers and buyers return to the market – Zoopla

19th February 2024

Lower mortgage rates and a backlog of demand from the last six months of 2023, which has continued into February, has seen the UK’s housing market begin the year with strong momentum, Zoopla reveals. The property platform says there is 11% more buyer demand than the same period last year. Also, those buyers are active […]