Page 261 – Property118

Unlock the Secrets to Finding Profitable Property Deals

24th October 2023

How good are you at finding potential property deals? Are you ready to take your property investing skills to the next level? I’m excited to introduce a fantastic opportunity for you to discover just how skilled you are at finding those hidden gem deals in the property market. I would like to invite you to […]

Renters (Reform) Bill passes its second reading without a vote

24th October 2023

The Renters (Reform) Bill passed its second reading on Monday without a vote which means that the proposal to scrap Section 21 of the Housing Act 1988, which allows landlords to evict tenants without giving a reason, is a step nearer. However, this part of the Bill is likely to be delayed due to opposition […]

Angela Rayner in explosive showdown over Renters’ Reform Bill

24th October 2023

Labour has slammed Tory backbenchers for the delay of the Renters’ Reform Bill’s second reading. The Bill received its second reading yesterday evening where Shadow Housing Secretary Angela Rayner criticised the government for “betraying renters” with a “grubby deal” to avoid confrontation with Tory MPs opposed to the Bill. Labour argued that the reforms could […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

Renters (Reform) Bill: The countdown to a PRS disaster has started

24th October 2023

I thought it was too good to be true that the Renters (Reform) Bill would not make it through this Parliament. And, sure enough, Dishy Rishi didn’t let me down. At the last minute, as he was no doubt deciding which laws would make it into the King’s Speech, he added the Renters (Reform) Bill. […]

Man and woman arguing over a bill property118.com

Chased by a utility company?

24th October 2023

Hello, cutting a long story short. Out of the blue, I received an unexpected electricity bill from Scottish Power for £1233 (interest and debt costs added) going back over 4 years in relation to a commercial property I rented out. It would appear that the tenant may not have paid for his electricity. Bearing in […]

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 […]