Page 258 – Property118

Think tank demands changes in the PRS

24th October 2023

A think tank is demanding the government reform the private rented sector with a list of recommendations. The Centre for Social Justice (CSJ) welcomes the news of the Renters’ Reform Bill and is strongly encouraging MPs to back its key measures including scrapping Section 21. In its ‘Raising the Roof Report’ the think tank urges […]

Landlord Tory MPs set to rebel against ‘no-fault’ eviction ban

23rd October 2023

Some Conservative MPs who are landlords have threatened to vote against the Government’s Renters (Reform) Bill, which would ban Section 21 ‘no-fault’ evictions of tenants, the Telegraph has revealed. The rebels claim that the policy is ‘unconservative’ and will drive landlords out of the market, reducing the supply of private rented accommodation. The Bill, drafted […]

Business professional in blue suit representing NRLA leadership on housing crisis.

Government promises court reform before scrapping Section 21

23rd October 2023

The Government has confirmed that it will not abolish Section 21 ‘no-fault’ repossessions until it improves the court system for handling legitimate possession cases by landlords. And student landlords will be pleased to hear that there will be a new ground to repossess properties annually to protect the student housing market. The Renters (Reform) Bill, […]

Cladding: Deed of Certificate – Five Day Rule?

23rd October 2023

Hello, I’m a landlord and I have 5 buy-to-let properties in England. I don’t live in any of these. Some of the BTLs are affected by cladding in the same building. The properties were purchased over 6 years ago. Correct me, but ordinarily, I don’t think that I qualify for Leasehold Protections although I don’t […]

Pic of leaking pipe landlord leasehold issues insurance property118

Downstairs neighbour – alleging a leak?

23rd October 2023

Hi, I rent out my flat a downstairs neighbour says there’s a leak from my en suite into his en suite. My en suite was installed by a major chain 1 year ago so it’s under warranty. They sent someone round and said there’s no evidence of a leak and it was just mould from […]

Estate agent executive commenting on government housing policies

Gazundering on the rise as homebuyers gain power in a cooling market

23rd October 2023

Homebuyers are increasingly using a tactic called gazundering to secure a lower price for their property purchase, according to Google search data. Gazundering is when a buyer reduces their offer at a late stage of negotiations, hoping to pressure the seller into accepting less money. It is more common when buyer demand is low, and […]

Landlord organisation’s bold bid for Section 21 reform

23rd October 2023

One landlord organisation is calling for amending Section 21 rather than abolishing it. Ahead of its presentation next month, iHowz has penned a letter to MPs and Lords laying out their plans to revamp Section 21. iHowz says they are very concerned about the potential unintended consequences of the removal of Section 21. Landlords use […]

Property expert outdoors discussing rising UK rent prices

The most expensive postcodes for rental deposits revealed

23rd October 2023

The postcodes with the highest rental deposit costs for tenants in England and Wales have been revealed. The study by Zero Deposit analysed the current rent prices across every postcode and calculated the deposit required to secure a property based on five or six weeks of rent. The average monthly rent across England and Wales […]

How Property Investors Can Profit From A Buyers Market?

20th October 2023

After a little break from YouTube, Ranjan is back talking about the current state of the property market. We are firmly in a ‘buyers market’ and this is where savvy property investors and developers can make big profits. In this Property Breaking News, Ranjan Bhattacharya and Andrew Roberts present the evidence for a buyers market […]

Tenant left belongings?

20th October 2023

Hello, please can I have some help? My tenant moved out 2 weeks ago but left lots of stuff. He gave a months notice and was slowly moving things out. On check-out day he dropped the keys in the letterbox before I got there at the planned time to meet, and I heard nothing more. […]

AccountingWEB are the latest to delete evidence

20th October 2023

Following the article I published yesterday there have been more strange goings on. This time it’s the deletion of discussion threads on the AccountingWEB website dating back to 2018. The evidence was available up until 19th October 2023 via this link https://www.accountingweb.co.uk/any-answers/esc-d32-what-does-liabilities-tak which has now been deleted. The email I received from a Property118 Member […]

Mind the gap - house prices gap in England and Wales increases

Property market gap in England and Wales reaches 183,900%

20th October 2023

The difference between the most and least expensive homes sold in England and Wales so far this year is more than £38.6m – or 183,900%, research reveals. The findings from the platform for personal estate agents, eXp UK, which looked at sold price data for transactions that were completed from January to August. And looked […]

Have I been conned by letting agent?

20th October 2023

Dear all, I need some help and advice desperately and urgently as I feel as if I am being exploited by an letting agent. My property in Dover was not selling so I placed it with a letting agent as I do not live locally. The agency offers a scheme where they pay contractors upfront […]

A view of the town Salcombe in Devon

Holiday homeowners trash talk new “bin tax” rules

20th October 2023

Owners of holiday lets and second homes in Britain’s most priciest coastal town face new bin and litter rules. Holiday let owners in Salcombe, Devon have been banned from using litter bins and bottle banks – unless they pay a £350-a-year ‘bin tax’ or hire private rubbish collectors. A letter sent by South Hams District […]

Number of sellers dropping house asking prices rockets by 26%

20th October 2023

Property price reductions have increased by 26% in the last three months, compared to the five-year average, it has been revealed. However, the latest Street.co.uk Market Report shows a big improvement from the 50% increase seen in the second quarter of 2023. The trend also highlights that sellers are heeding the advice from estate agents […]

Murky Motives Behind Dan Neidle’s Attacks On Property118?

19th October 2023

UPDATE 31/10/2023 Neither Dan Neidle nor any of his so-called “Associates” have responded to any of the technical points I raised in this article, where HMRC manuals clearly contradict his(their) understanding of what is “normally” expected when dealing with liabilities at incorporation. Recent history in the landlord tax planning sector has imparted a vital lesson: […]

Tax Avoidance, DOTAS, and the Substantial Incorporation Structure (SIS)

19th October 2023

The integrity of landlord business incorporation has been massively damaged by the attack on Property 118 and Cotswold Barristers by Dan Neidle (DN) and his largely anonymous Tax Policy Associates. In an effort to bring some stability to the situation we are left with no choice but publicly to explain in detail the history and […]

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

Landbay cuts rates and launches new 55% LTV range for BTL landlords

19th October 2023

Specialist buy to let lender Landbay has announced a 0.10% reduction across its standard five-year fixed rate products, as well as the launch of a new 55% loan-to-value (LTV) range. The lender said the rate cuts and the new range were designed to support brokers in meeting the diverse needs of their landlord clients. The […]

Armageddon out of the PRS!

19th October 2023

Hello, Landlords are beset with so many problems now that the question must be asked – is it worth it? Consider the looming Renters (Reform) Bill, which effectively removes control of a property from the landlord and presents it to the sitting tenant. The huge rise in costs – repairs, insurance and licensing – has […]

Pic of frustrated landlord because a tenant will not leave.

Local authority house making neighbours lives a misery!

19th October 2023

Hello, I manage a flat in a small, pleasant residential block where a neighbouring flat has been bought by the Local Authority and used to house their most problematic tenants. The first tenancy was to a single man who had a prohibition order for him to keep away from the neighbouring town so the council […]