Hello, After a very long 7 months of trying to increase the rent on my property, which involved paper submissions, an inspection and a subsequent hearing, the First Tier Property Tribunal returned a decision agreeing to an increase in rent for my tenants. The increase has been backdated which means the tenants now owe me […]

Hello, I contacted my insurer to advise them of an extra tenant moving into my property. I was sent a form to update. The insurer advised me that despite the fact that l have never made a claim, the policy now is that every maintenance or decoration undertaken needs to be reported on my property […]

Landbay has introduced a new range of products that use automated valuation models (AVMs) to cut down the time to offer – and help landlords save money. The specialist buy to let lender is the first to use the platform for its new range of five-year fixed-rate products, with a maximum property value of £750,000 […]

Landlord confidence in the private rented sector (PRS) rose significantly in the third quarter of 2023 after hitting record lows, according to the National Residential Landlords Association (NRLA). The NRLA’s confidence index, which measures landlords’ views on the prospects of their own lettings business and the wider rental market, increased by 7.9 percentage points from […]

Hello, With the Government pushing landlords to accept tenants with pets, I would like to know if there is anyone out there that could recommend an insurance company that will provide such a policy (Pet damage insurance for Tenants)? Most policies seem to be for landlords to take out, but I am reluctant to do […]

A prominent industry expert has endorsed a series of amendments to the Renters (Reform) Bill which aims to protect private rented sector (PRS) landlords from unfair evictions and excessive regulation. The managing director of PayProp UK, Neil Cobbold, said the Bill should balance the rights of landlords and tenants, and that the amendments would help […]

There’s good news for landlords who have postponed selling their rental properties despite falling profits and new legislation making the private rental sector less appealing to most landlords. 2024 has already seen a surge of buyers returning to market amid falling mortgage rates following with Zoopla reporting buyer demand at the end of the first […]

The Department of Work and Pensions (DWP) has sparked fury as Universal Credit (UC) applicants face extensive demands to confirm their eligibility. One landlord told Property118 that some of his tenants have been “left in tears” as they can not comply with the list of demands. One of the demands asks to see a full-body […]

Hi All, I have invested in a few MUFB last year. They are historic conversions of terraced houses in London with planning permission to be used as two flats with separate utilities, council tax etc. I am extending and upgrading them at the moment and I am holding two of the properties in a LTD […]

Hello, last month I moved into a leasehold flat (converted house into two flats, I am upstairs). Four days after moving in, the downstairs neighbour asked me to contribute to getting the guttering sorted at £50 per flat. I am now six weeks into living here and she has told me she has rising damp […]

Hello, Portsmouth City Council are trying the tell me the Regulatory Reform (Fire Safety) Order 2005 (FSO) applies to a shared house (a small HMO let out whole) on a Joint Tenancy. Of course, in HMOs with rooms let individually, the unlet common parts are subject to FSO as those areas are managed by the […]

Hi everyone. First time posting, but I have been lurking here for a while. I currently have one mortgaged property in my limited company, and I am currently in the process of purchasing my second. The mortgage company wants to know everything about me, my day job, my savings and shoe size. I’m fine with […]

Hi, Has anyone here used rent protection insurance? If so did you just treat the insurance payments exactly like rent for tax purposes? I am having to evict a tenant for non-payment of rent during this tax year. Fortunately, the insurance policy is paying the rent until I have possession. This set me wondering if […]

Hello everyone, A friend of mine buying a flat and he is also a non-Uk national. The Management company of the block he is buying the flat in is asking for 3 years advance service charge on top of the regular service payments to permit the purchase. Is it normal practice on leasehold flats for […]

Hello, Having got to the very end of a lengthy conveyance of a probate leasehold house purchase, I have an issue that I am trying to understand the potential risk of actually happening. The freeholder seems to be absent/deceased in 2017, however I am unable to obtain an absent landlord indemnity cover due to the […]

Hello, Can anyone help? I rented my HMO property through an agent to a limited company on a tenancy agreement which was not an AST. The limited company paid one month’s deposit which is held in my agent’s client account, i.e. not in a deposit protection scheme. The limited company tenant was legally evicted owing me […]

The National Residential Landlords Association (NRLA) is calling on MPs to support ‘pragmatic changes’ to the Renters (Reform) Bill. The move would, the landlords’ organisation says, help both landlords and tenants in the private rented sector. Now the NRLA says that amendments to the Bill proposed by Conservative MP Anthony Mangnall and others, would make […]

Up to 1 million more homes for rent will be needed by 2030 to cater to the increasing rental demand, especially from young families – and the build to rent (BTR) sector will be crucial for this, a new report reveals. The findings from Savills on the future of BTR in England and Wales identify […]

The demand for rental properties in the UK is showing signs of slowing down, after reaching record levels in the past few years, a property expert says. However, the market is still tight, with demand exceeding supply and rents are expected to keep growing in 2024. That’s the verdict of Nicky Stevenson, the managing director […]

Most commercial landlords in the UK are optimistic and plan to expand their portfolios in the next year, despite the challenges posed by inflation and mortgage volatility, a report reveals. The research from mortgage lender Together, entitled Opportunities and Outlook: The future of commercial property, is based on a nationwide survey of buy to let […]

The number of properties available for rent has increased by 45% compared to last year, reaching the highest level since Covid, Chestertons reports. The London-based estate agency attributes this surge to the expiry of many three-year contracts that tenants signed at below-average rates during the pandemic. Chestertons also predicts that rents will rise by 5% […]