For anyone wondering what the impact of selective licensing schemes is on tenants and rent prices, then one landlord has news for you. He claims that the selective licensing scheme introduced in Nottingham in 2018 is to blame for massive rent increases in the city. And his opinion is backed up by new figures from […]

Hi, The mortgage lenders have got creative with BTL deals of late. Higher fees for lower rates, but this bit of creativity is a bit well, err, bonkers! So, here is the deal for new customers: 2 Year Tracker, 3% Product Fee, 5.49% Interest Rate, 75% LTV And for existing customers on a product transfer: […]

Hello, Our tenant of 8 years has a periodic tenancy. We gave written notice in May 2023 and put the house up for sale as the rent isn’t even covering the interest on our mortgage. At the end of the two months notice period he couldn’t find or afford a new rental property and was […]

Low-income renters in England will struggle to afford their homes even after the government’s recent benefit boost, a campaign group has warned. Generation Rent said that the increase in Local Housing Allowance (LHA) announced by Jeremy Hunt in the Autumn Statement would be outpaced by rent inflation within 18 months. That would leave many low-income […]

The UK housing market saw a bigger than usual drop in new seller asking prices this month, as sellers became competitive in a more stable and less frenzied market. According to Rightmove, the average asking price for a newly listed property fell by 1.9% (-£6,966) to £355,177. This was larger than the 20-year average of […]

Renters in Great Britain will pay a staggering £85.6bn in rent this year – that’s more than double the amount paid in 2010 and £8bn more than last year. The report from Hamptons also shows that rents on new tenancies increased by 10.2% year-on-year in November, the highest annual growth rate since it began keeping […]

Whether you are a first-time landlord, or you’ve been building your property portfolio for decades, the difficulty in finding landlord insurance is always tough. With many insurance implications from flooding to cannabis farms, it can be hard to find the right landlord insurance. Here at Property118, we have teamed up with The Home Insurer which […]

Are you sitting comfortably? I’m about to be critical of politicians, the media and tenants. Because it has been another week and another negative story about landlords. This time it is the Labour Party saying it will end tenant bidding wars and will copy a law in New Zealand that does just that. Eh? Landlords […]

The mortgage market has been through a tough time in recent months, following 14 months of consecutive base rate increases. Mortgage interest rates increased, buyers who were used to very low rates, were hesitant to move and sellers were reluctant to sell because of the anticipated price crash. However, times have changed. There have been […]

Property investors will be interested in the latest research that reveals home sellers are cutting their asking prices at a rate of 137 properties a day in England, as they try to attract buyers in a cooler market. The survey from national estate agency Yopa is based on data from Zoopla and of the homes […]

Landlords and property owners can now protect themselves from tenant sub-letting and property fraud with a new service called Title Guardian. The service monitors various sources, such as sales and letting portals and government databases, where property owners’ details appear and where fraudulent activities begin. If the firm detects any suspicious activity on a property, […]

Hello, I have leased a one-bedroom flat to a council since 2001 but after repeated requests to pay me near market rent, I gave them 3 months notice to repossess the property. The council acknowledged my notice stating that my property will be handed back before or after 28th November depending on when it manages […]

Buy to let landlords with mortgages will struggle to break even in the next two years with their borrowing costs soaring by an anticipated 80% as they remortgage after enjoying historically low fixed rates. That’s the verdict from the Intermediary Mortgage Lenders Association (IMLA) and its new report explodes the myth that landlords are well-heeled […]

The UK is facing a rent crisis as record net migration has increased the demand for rental accommodation, according to the boss of Zoopla, one of the UK’s leading property websites. Richard Donnell, the executive director of Zoopla, told the Telegraph that renting was the ‘first port of call’ for most people who moved to […]

Are you a landlord who is facing problems because of cladding? Then, Alexa Phillips, the property and money reporter for the Telegraph would like to speak with you. Alexa would like to ask Property118 readers about: Are you having problems selling a property because of cladding? Have you been left out of the support measures? […]

Wondering if Buy-to-let is still a smart move for 2024? Join Ranjan Bhattacharya in his latest video as he breaks down the current property landscape, potential challenges, and key factors influencing buy-to-let investments. Whether you’re a seasoned investor or a first-timer, get essential insights to make informed decisions in today’s dynamic property market. Check out […]

Are you a landlord who is trying to sell a property but having problems arranging viewings because of difficult tenants? Then, Alexa Phillips, the property and money reporter for The Telegraph would like to speak with you. Alexa would like to ask Property118 readers: Do you have a tenant who is refusing access to the […]

The government has approved a new selective licensing scheme for a London council – one of the largest schemes in the country. Brent council has announced that it will launch its licensing scheme for homes in the private rented sector next Spring, and it will cover all rented properties in the borough – except those […]

House prices in the UK increased by 0.5% in November, the second consecutive monthly rise, the Halifax house price index reveals. The average price of a home now stands at £283,615, which is £40,000 higher than before the pandemic. However, prices are still 1% lower than a year ago while Northern Ireland has shown the […]

Property management, whether you’re overseeing a handful of properties or a more extensive portfolio, can often present complex and demanding challenges. Balancing tenant communication, utility and maintenance management, rent collection, and cash flow tracking can quickly become overwhelming. Thankfully, property management technology is evolving to make this task more manageable. In this article, we will […]

Hello, I issued my tenants with a s21 which they defended because the first Gas Safety certificate upon moving in was not valid as I didn’t use a Gas Safe engineer. I went to a possession hearing last week and now it’s going to trial next year. I’m thinking about selling my property with the […]