Page 274 – Property118

One Property two related families – HMO?

4th September 2023

Hi everyone, I need some advice, please. I am in search of new tenants for a 3-bed house and have been approached by a tenant who says they are looking for a property for two related families. They have two brothers, their wives, and 2 small children. I am aware that the definition of HMO […]

RAAC, social housing

Social housing could be at risk of crumbling aerated concrete

4th September 2023

Housing associations are being urged to check building specifications for reinforced autoclaved aerated concrete (RAAC) The call comes after some schools in England have been forced to close because they contain the dangerous concrete. One social housing law firm warns that RAAC poses a serious risk to social housing tenants. Act on RAAC for tenant […]

Rocky housing market will pick up in Autumn

4th September 2023

While it’s been a tough year for the property market, activity is likely to pick up in the coming Autumn months, according to new research. A study by property lending specialists Octane Capital reveals mortgage approval rates have fallen dramatically but an ‘autumn boost’ is beginning to improve things. Over the past five years mortgage […]

Has Paragon Bank Advised You To Consider Incorporation?

1st September 2023

We understand that Paragon Bank is now interviewing some if not all new clients who are applying for new BTL mortgages and that one of their questions is whether incorporation has been considered. We want to understand this better, so if you’ve had one of those interviews please reach out to us in the comments […]

House prices fall 5.3% year-on-year in August

1st September 2023

The Nationwide House Price Index for August indicates a monthly fall in prices of 0.8% feeding through cumulatively to an annual drop of 5.3%. The average price of a property (not seasonally adjusted) now stands at £259,153 down £14,600 from the last August peak in 2022. Market activity in the first 6 months of 2023 […]

Portrait of a business leader in suit and tie

Newbuild and detached homes boost Scottish property market

1st September 2023

The Scottish property market has seen a slight dip in average house prices over the last year, but newbuild and detached homes have bucked the trend and recorded positive growth, data reveals. The findings from lettings and estate agents DJ Alexander show that from July 2022 to June 2023, the average house price in Scotland […]

pic of student accommodation in Huddersfield

Students scramble for new housing as ‘luxury’ accommodation is reallocated to asylum seekers

1st September 2023

Around 170 university students in Huddersfield have found themselves in a desperate scramble to secure new accommodation after being abruptly evicted from what was once touted as ‘luxury’ housing. The purpose-built student accommodation, which boasted a cinema room, gym and other student amenities, is reportedly being repurposed to house hundreds of asylum seekers. The affected […]

pic of landlord's house with a wrap around in breach of planning property118

Two landlords are fined £255,000 for planning permission breaches

1st September 2023

Two private landlords who breached planning laws and ignored council warnings have been handed hefty fines of more than £250,000. Ealing Council acted in the two unconnected cases after the landlords failed to follow planning rules and ignored the council’s planning enforcement team over warnings for properties in Southall and Perivale. Ealing Council’s cabinet member […]

Property Management company resigned?

1st September 2023

Hello, I am a landlord of a flat within an estate and have been paying service charges to a property management company (Company B). The maintenance for the estate appears to be controlled by a limited company (company A) which had three directors and the property manager co-acted for company A in doing the maintenance […]

Freeholder

Fraudsters trying to take advantage over lack of supply in student accommodation

1st September 2023

Fraudsters are placing fake listings adverts online in a bid to cash in on the lack of supply in student accommodation, according to new data. Figures from Action Fraud, reveal there were 5,751 reports of rental scams last year, a 23% rise compared to 2021. Now the National Association of Property Buyers (NAPB) and Gumtree […]

New sponsorship for Property Investors Awards announced

1st September 2023

A reputable retail and commercial bank has been announced as the new sponsor for the Property Investors Awards. Shawbrook Bank has been named as the Official Judging Day Sponsor for the 2023 Property Investors Awards. The judging day for this year’s applications will be held in Shawbrook’s London office in September. Innovative solutions that investors […]

pic of a street in haringey london - council fines prs landlords property118

Landlords hit with £207,500 in fines for unlicensed HMOs

1st September 2023

A council crackdown on unlicensed HMO landlords has seen fines worth £207,500 being imposed, though just last month it faced stinging criticism from the Housing Ombudsman. The action from Haringey Council has seen 59 formal warnings being made to landlords who have been renting out unlicensed HMO properties to groups of three or more individuals […]

Pic of a B&B sign as London landlords leave the temporary accommodation sector property118

Landlords pull out of London’s temporary accommodation sector

31st August 2023

London’s boroughs are sounding the alarm over the escalating housing pressures after it was revealed that there has been a surge in landlords pulling their properties from being used temporarily by homeless households. The crisis has reached ‘new extremes’, leaving local authorities grappling to accommodate the rising number of vulnerable individuals and families. A recent […]

House prices need to plummet by 19.3% to reach pre-pandemic levels

31st August 2023

British house prices would need to plummet by a staggering 19.3% to reach their pre-pandemic levels as fears rise over a cooling market, research suggests. The findings from property purchasing specialist, House Buyer Bureau, show this decline is more substantial than the -12.9% contraction seen during the global financial crisis of 2008/09. It says that […]

pic of woman typing on old typewriter county court typing up a judge's order property118

Why is the county court so slow?

31st August 2023

Hi All. I am the landlord of a property, I applied for a repossession order through the court as my tenant would not move out after eviction notice. The hearing was on 16th August, my  appearance was by video link (Tenant was a no show and did not send in the defence form either). I […]

Map of Ireland with a pin in Northern Ireland

Buying to Let in Northern Ireland – advice?

31st August 2023

Hello, I’m thinking of looking outside England for rental opportunities but not Wales or Scotland. I would be interested in anyone who currently lets in Northern Ireland to determine what differences there are to England. I’m guessing all the basics are the same, like gas certs/elec certs and EPC’s but are there any specifics I […]

professional portrait of a young man in a suit representing tenant advocacy in the Renters’ Rights Bill debate

Generation Rent appeals to mortgage lenders not to evict tenants

30th August 2023

In a bid to safeguard tenants facing potential homelessness when a landlord falls into BTL mortgage arrears, one tenants’ rights group is urging mortgage lenders to uphold their ‘moral obligation’ not to evict tenants. The call comes from Generation Rent and its chief executive, Ben Twomey, has written an open letter to the chief executives […]

pic of bailiff gaining entrance to a rented home to evict property118

What is length of time for a bailiff eviction date?

30th August 2023

Hi, Does anyone know currently the time frame for a bailiff eviction date in Manchester? The letting agents told me it used to be 4 to 6 weeks. I have been waiting nearly 4 months now and have still not received the notification. Thank you, Aki

Ceiling-mounted positive input ventilation outlet releasing filtered air

EPC rating destroyed by Positive Input Ventilation (PIV)?

30th August 2023

Hello, I own three fairly typical mid terrace solid-brick houses. All have double glazing, loft insulation and gas central heating. Over the last year I have had Positive Input Ventilation (PIVs) installed in all three. These have been great in reducing condensation and mould, and the tenants and I are very happy with them. I […]