Page 280 – Property118

Will possession order run out after a certain length of time?

28th July 2023

Hello, I have recently been granted (from the local council) a possession order and the tenant should have moved out in May – however I have been working alongside the tenant and the local emergency homeless council worker who is trying to find her some housing so that she doesn’t actually become homeless and end […]

Get your nominations in fast!

28th July 2023

Time is running out! The deadline for submitting nominations for The Property Investors Awards 2023 is just around the corner! Don’t miss the incredible opportunity to gain national recognition and propel your success in the property industry. Submit your nomination for one of the 20 coveted awards categories before it’s too late. The nominations deadline […]

empty home scotland

Second and empty homes in Scotland could face big council tax increases

28th July 2023

A leading industry body has urged the Scottish government not to raise council tax premiums for second and empty homes. Propertymark has responded to the Scottish government’s consultation on raising council tax for second and empty homes by more than 100%. The industry body recommends homeowners should be incentivised to bring empty homes back into […]

Pic of EPC dial being moved landlord property118.com

Landlords plan to sell rather than make EPC improvements

28th July 2023

Landlords would rather sell their properties than make energy efficiency improvements, according to a new Rightmove survey. A consultation on new EPC and minimum energy efficiency standards (MEES) requirements ended two years ago. The government has given no response to it, leading to widespread uncertainty in the PRS about what is expected from landlords. 61% […]

Smiling business professional sitting confidently in a modern office setting

Higher mortgage rates sees house buyer demand plummet by 40%

28th July 2023

The UK’s housing market has been hit hard by soaring mortgage rates, resulting in an 18% drop in buyer demand over the past two months alone, one property platform reveals. However, Zoopla’s latest house price index reveals that the drop in buyer demand since last year is a shocking 40% . Reasons for that include the […]

Are subletting tenants destroying the PRS?

27th July 2023

Short-term letting has become extremely popular in recent years but whilst it may be one of the fastest-growing accommodation channels there is a darker side. Tenants who sublet without the landlord’s permission can make a huge fortune by renting out a home on Airbnb whilst the landlord is left to pick up the pieces when […]

Government urged to stop ‘dithering’ over EPC deadline for landlords

27th July 2023

The Property Energy Professionals Association (PEPA) has expressed its ‘disappointment’ with the comments made by Housing Secretary Michael Gove over the proposed deadline of implementing an EPC deadline on the private rented sector (PRS). Mr Gove said the Government is ‘asking too much too quickly’ of landlords to comply with Minimum Energy Efficiency Standards (MEES) […]

How do we deal with this tricky S20 situation?

27th July 2023

Hello, I have a nightmare freeholder. We are leaseholders of 3 apartments, in a block of 3. We had a bad leak from the flat roof into our apartment and the freeholder refused to repair it, which is typical. He has the obligation under the lease terms etc. We got the council involved who forced […]

property educator summit 2023

High praise for the first Property Educator Summit

27th July 2023

The first national Property Educator Summit has been hailed as an overwhelming success. Property educators across the country gathered at the Biltmore Hotel in London to collaborate and shape the future of property education. The summit facilitated by the Property Investors Bureau enabled attendees to participate in high-end workshops that offered invaluable knowledge and strategies […]

pic of a man digging a hole as shelter condemns section 21 eviction record

Shelter has another ill-informed dig at landlords

27th July 2023

The housing charity Shelter says a major contributing factor to rising homelessness is the instability of private renting – and the use of section 21 ‘no-fault’ notices. It says that as homelessness surges, there should be no more delays to the Renters (Reform) Bill. Pointing to new government figures that show 79,840 households faced homelessness […]

Help – neighbour dispute with overhanging tree?

27th July 2023

Hello, tenants pointed out a problem with a neighbour’s overgrown (Buddleja) tree that was overhanging and damaging the wall (back yard of a terraced house) it is actually dangerous and they have a toddler. I emailed the neighbour and he replied 9 days later suggesting it’s a joint problem and we should pool our resources! […]

Landlord stressed over paperwork and new rental legislation at his desk

Is letting agent trying to take advantage?

27th July 2023

Hello, I am a professional letting agent and I am trying to assist one of our landlords with an issue that relates to another firm. Mrs X instructed the agent to let and manage the property as she was unwell and she wanted the security of an agent to support her. She then went on […]

Most landlords will raise rents if mortgage costs rise

27th July 2023

Most landlords – 61% – said they would raise rents to meet rising mortgage costs, a survey reveals. The study from Landbay, also revealed that nearly two out of 10 BTL landlords (18%) will not increase rents and 21% say they are unsure about their course of action. However, over the last 12 months, 76% […]

pic of woman tenant saying shush secret subletting from landlord property118

Landlords face secret subletting surge

26th July 2023

A worrying trend among tenants who have been secretly subletting their landlords’ properties has been revealed. The study from Direct Line business insurance delved into the practices of renters across the country and found that a staggering 48% of subletting tenants had failed to disclose this arrangement to their landlords. Even more alarming was the […]

Government figures show Renters (Reform) Bill will cost agents £278.7m

26th July 2023

Let-only agents are being urged to turn their landlord clients into fully managed clients after government figures show that the Renters (Reform) Bill could cost agents an astonishing £278.7m. The call is being made by PayProp UK which points to the Renters (Reform) Bill Impact Assessment published by the Department for Levelling Up, Housing and […]

Red letter day- S21 together!

26th July 2023

Hello, I am continually perplexed that PRS landlords have no collective voice and just mutter in the background. Surely we can muster an organised campaign through all the various membership bodies and write an open letter in major national papers. I’m pretty sure Telegraph or another red top would relish this doubt among the sector […]

Pro-tenant group advocates sweeping reforms for the PRS

26th July 2023

A think tank wants landlords to compensate tenants if they are forced to move out.   The Fabian Society lists a number of proposals supposedly designed to raise living standards for all of England’s regions. The Commission on Poverty and Regional Inequality by the society makes a series of recommendations to strengthen the Renters Reform […]

Two people signing a rental agreement with house keys and a model home on the table.

Industry body urges letting agents to comply with regulations

26th July 2023

An industry body has warned letting agents not to become complacent when it comes to the Renters Reform Bill. Propertymark has said letting agents should still continue to comply with current requirements to avoid financial penalties. The Bill has only had its first reading and could undergo various amendments before it becomes law. Crucial to […]

UK landlords prefer to sell up than spend on EPC upgrades

25th July 2023

The UK government’s EPC proposals to make rental properties more energy efficient may backfire, as a new survey suggests that most landlords would rather sell up than invest in green upgrades. The survey by cleantech company GreenBuildingRenewables.co.uk, polled more than 1,000 landlords across the UK and found that 63% of them said they plan to […]

pic of brick layer at work as govt announce planning restriction removal property118

Planning restrictions to be relaxed to meet 1 million new homes target

25th July 2023

During a speech that laid out plans for the Government to meet its ambition of building one million new homes, Housing Secretary Michael Gove said that planning restrictions would be relaxed – especially to build homes in cities. He added that it would also be made easier to convert empty betting shops and retail premises […]