Page 250 – Property118
tenant with condensation, mould, damp, landlord, sueing property118

Condensation Issue – Any effective solution? HELP!

4th December 2023

Hello, there’s condensation in our newly refurbished property. There’s water dripping from the walls and the windows are all wet in the bedrooms. We are looking for an effective solution as am not sure what to do that will work. Does anyone know a trial and tested cost-effective solution they can recommend that could fix […]

New homeless figure sparks Shelter giving campaign – but not to give homes

1st December 2023

The number of children living in temporary accommodation in England has reached a new record high, according to government figures. It says that nearly 139,000 children are homeless and living in hostels, B&Bs or other places, an increase of 14% compared to last year. On the back of the news, Shelter says that these types […]

How to fill in the N325 form landlord property118.com

Can you help me with N325?

1st December 2023

Hello, I have been granted repossession and been provided with a date (12th December) for eviction and awarded Rent Arrears and court fees. Please can someone assist with what the sums I should fill out in section 4 (Warrant Details) – is it even worth filling this out? I sense the Bailiffs will focus on […]

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

Landlords report surge in tenant demand after covid crisis

1st December 2023

The covid pandemic has fuelled a record high demand for private rental properties, while the supply of available homes dwindles, a new survey reveals. The findings from the National Residential Landlords Association (NRLA) warns that this imbalance will erode the purchasing power of tenants and make it harder for them to challenge criminal landlords. The […]

BTL Mortgages starting below 4%

1st December 2023

CHL Mortgages has expanded its product range, and now includes standard buy-to-let two-year fixed-rate mortgages up to 65% loan to value that start at 3.65%! Now that is attractive compared to recent rates. They also currently have rates of: 3.72% for 70% LTV 4.90% for 75% LTV Standard BTL lets do have certain criteria and […]

Business professional in formal suit at modern office building

UK house prices up for third month in a row – Nationwide

1st December 2023

UK house prices have increased for the third consecutive month in November, according to Nationwide, the country’s largest building society. The monthly rise of 0.2% was lower than the 0.9% increase in October but higher than the 0.1% increase in September. This is the first time since summer last year that property prices have risen […]

Business professional in light blue blazer smiling against grey background

Landlords favour five-year fixed mortgages again

1st December 2023

Remortgaging landlords are showing more confidence in five-year fixed rate mortgages than they did earlier this year, a survey has found. According to the research from Landbay, more than half (51%) of the remortgaging landlords said they would choose a five-year fixed rate mortgage, up from 40% in April. This is also higher than the […]

pic of landlord packing up a late tenant's possessions property118

Tenant now trespasser on driveway and abandoned possession?

1st December 2023

Hello, my tenant (Italian citizen) got evicted through a legal channel, however tenant started staying in the CamperVan in the driveway of the property. Tried contacting the police and local council but not much help. I tried to write to him over email but he didn’t respond. Has anyone faced such an issue and could […]

landlord uk question locksmith property118.com

Forfeit a lease and change locks?

1st December 2023

Hello, I want to forfeit a lease and take control of my warehouse by changing the locks, I have a locksmith that will change the locks. I have the keys to enter to do this. I then want to take control of the warehouse. I want to do this myself not using a bailiff early […]

Government’s new law to ban leasehold, doesn’t ban leasehold

1st December 2023

The housing secretary, Michael Gove, has been accused of breaking his pledge to end the ‘feudal’ leasehold system in England and Wales, after it emerged that his flagship new Bill does not ban developers from selling new houses under leasehold. The leasehold reform bill, which was unveiled this week after being announced in the King’s […]

black mould in a rented property being cleaned property118.com

Nationwide mould and damp concerns in PRS

1st December 2023

Mould and damp have become an issue for people across the country, according to a new survey. According to energy experts Uswitch, 63% of people who’ve experienced mould in housing were tenants in privately rented or local authority housing. According to the report, 38% of people believe that UK properties are not suitably built to […]

Sadiq Khan in London with city skyline in the background.

Sadiq Khan pushes for tougher penalties for landlords over mouldy homes

30th November 2023

The London Mayor is calling for tougher sanctions for private landlords who let out mouldy homes in the capital. Sadiq Khan wants to see rent rebates doubled if landlords fail to fix mouldy and draughty homes in London. As part of the mayor’s measures, Rent Repayment Orders – legal orders which require rogue private landlords […]

new Zealand

Could UK benefit from New Zealand’s playbook?

30th November 2023

Hello, a coalition agreement was signed in New Zealand this week following the recent election. Here are two highlights: 1) Increase the speed at which mortgage interest deductibility is restored for rental properties with a 60% deduction in 2023/24, 80% in 2024/25, and 100% in 2025/26. 2) Encourage more landlords to enter the rental market […]

Rental property sign outside a house highlighting UK housing supply shortage and rent rise concerns

More families and older renters downsize as rents soar

30th November 2023

The rising cost and scarcity of rental homes have forced thousands of families to downsize and older renters to move to cheaper areas, the BBC has revealed. It has seen statistics from Dataloft, a consultancy firm, showing that nearly half of the new tenancies signed by families earning between £30,000 and £70,000 in the first […]

Chris Daniel receiving an award in front of the sponsor's board wearing a suit, shirt and tie

Councils should do more to investigate ASB complaints

30th November 2023

Not only are councils not doing enough to help private rented sector (PRS) landlords deal with anti-social behaviour, but they shouldn’t be pushing that responsibility onto landlords to deal with. Chris Daniel of Possession Friend, a service that helps landlords with eviction cases, points to the Local Government and Social Care Ombudsman report that reveals […]

£ for £ remortgage with NO Interest Cover Ratio

29th November 2023

In the current market, some landlords are struggling to meet the lender’s requirement for rental income to be 125% – 145% of the mortgage payment. This can leave some stuck on the lenders standard variable rate, a higher rate of interest. Quantum Mortgages may have the solution. Their pound for pound remortgage product was launched […]

Fed-up BTL landlords look to sell as interest rates rise

29th November 2023

The rise of social media has seen self-professed ‘property experts’ offering property investment courses and pricey one-day seminars with promises of becoming ‘financially free’. By that, they mean rich. But these so-called property gurus charge a hefty fee for their advice, and many get-rich-quick landlords are now paying the price. Many investors who dived headfirst […]

Modern Scottish Parliament building in Edinburgh with Calton Hill in the background

Private rents in Scotland soar by 14.3% in a year

29th November 2023

Despite a rent cap, there has been a sharp increase in average rents across all property sizes in Scotland, with the most common size of home in the private rented sector (PRS) – two-bedroom homes – rising by 14.3% in the year to the end of September. The data has been released by Scotland’s chief […]