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 […]

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 […]

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 […]

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 […]

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 […]

YBS Commercial Mortgages has unveiled a new tracker product for portfolio landlords and reduced rates across its range. The tracker offers a variable rate of 6.75% (BBR + 1.50%) for a three-year term. It’s available on either a capital-and-interest or an interest-only basis. The lender says it is open to considering loans up to £20 […]

An industry expert is downplaying the impact of recent amendments to the Renters (Reform) Bill, claiming they will have minimal impact on most landlords and tenants. Neil Cobbold, the managing director of PayProp UK, argues the changes announced before Easter ‘amount to very little in real terms’. He suggests the core of the Bill remains […]

A council is appealing to private landlords to help a growing number of residents in need of housing assistance because its homeless bill is ‘no longer financially sustainable’. It says there are several reasons for the rise in demand, including flooding, the cost-of-living crisis, and the recent end of Ukrainian host placements. This surge in […]

Hello, as one of three joint Freeholders and a leaseholder of one of the three flats, I’ve been approached to provide ‘consent to let’ to another leaseholder who is currently selling their flat. I’m unsure about what to include in my letter of consent to safeguard the future use of the flat.  Does anyone on […]

Any property sourcer or property investor knows the value of a smart investment strategy. But securing the right financing sometimes can feel like an obstacle course. The Lendlord software is here to help you navigate the terrain, bringing a suite of tools and resources designed to simplify property financing and empower your portfolio growth. Introducing […]

At the age of just 28 years old Emma Fielding has created a property empire. From working in Morrisons as an accountant, to now looking for the best property deals, Emma caught the property bug and has built a successful property-flipping business in her hometown of Barnsley, South Yorkshire. This dynamic young woman is now […]

Hi, a phone mast on the flat roof was installed of my commercial property over a decade ago before I purchased the property. The phone company is forcing me to sign a new lease with very low rent, which does not cover the amount I spend on maintaining the roof. Does anybody on the Property118 […]

New research by the Financial Conduct Authority (FCA) suggests there has been an improvement in the financial well-being of Brits, though challenges remain, particularly for renters. The FCA analysis reveals a significant burden on renters who are disproportionately affected compared to other demographics. Its survey shows that the percentage of tenants struggling financially has dipped […]

A council has revealed that it will revise its ‘Homes for Ukraine – Landlord Incentive Scheme’ after finding the initial financial offerings were not attractive for landlords. That’s because just one landlord signed up to the scheme – after 25 had contacted the council for more information. South Cambridgeshire Council’s scheme was launched in October […]

There has been a 0.4% rise in the total average yield for England and Wales, reaching 7.1% in the first quarter of 2024, a buy to let rental index reveals. According to Fleet Mortgages, despite a 0.4% drop in yield for landlords in the North East, rented properties there still deliver an impressive average rental […]

There has been a positive shift in the housing market with buyer demand and expectations for future sales on the rise, one survey has found. According to RICS, house prices also appear to be stabilising. There has also been a modest rise in tenant demand at +19% – up from +16% previously – but landlord […]

Managing multiple rented properties can be time-consuming and challenging for landlords, so the last thing you need is to worry about organising different insurance policies for each home you rent out. This is where multi-property landlord insurance can help by insuring your properties in one single policy, saving you the hassle of managing multiple policies. […]

Landlords renting to Universal Credit tenants are being warned of potential payment inconsistencies in light of recent changes by the government. The Chancellor Jeremy Hunt unveiled plans to unfreeze Local Housing Allowance (LHA) which will increase to the ‘30th percentile of local market rents’. Despite promises of increased housing support for low-income renters starting from […]

Scottish landlords are capitalising on a loophole in the SNP’s rent control laws, leading to a 12% increase in rents, the Daily Telegraph reports. The rent cap legislation which restricted rent rises ended on March 31. However, new plans to bring in permanent rent controls are not expected to come into force until 2025, following […]

Hello, I am thinking of granting an AST for three years. It will have a tenant’s break clause on the first anniversary and at any time thereafter by three months notice The rent would be initially x and become x plus 5 per cent on the anniversary x plus 10 per cent on the 2nd […]

Tenants are experiencing some relief as the rate of rent rises slows down significantly, new data from Barclays reveals. The bank says that renters spent just 1.8% more on rent last month than in March last year. It has analysed millions of its customers’ current accounts and found the 1.8% extra being spent on mortgages […]