Page 283 – Property118

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 […]

Tenant gave false details – What do I do next?

25th July 2023

Hi all, we have a tenant who rented a flat from us. We did ID and NRLA checks and he passed. However, since signing the AST agreement he has been subletting through Airbnb. The profile picture on Airbnb is clearly not him and further enquiries reveal that the address he gave to us belongs to […]

Anyone leased a property to a council under a five-year lease?

25th July 2023

Hello, has anyone leased a property to a council under a five-year lease and had any problems getting it back? Is it considered a business tenancy and therefore it’s advisable to opt out of the 1954 Landlord and Tenant Act? I am also not concerned about a mortgage and lenders not approving anything other than […]

Have your say in Renters Reform Bill survey

25th July 2023

A leading industry body wants to hear landlord’s thoughts on the Renters Reform Bill. Propertymark has launched a survey to uncover landlord’s feelings on the Bill as it passes through Parliament. The industry body says so far more than 600 landlords have responded. Bill posing potential costs to agents and landlords Propertymark says: “We are […]

Cashback on BTL and Residential Mortgage Product Switches

24th July 2023

Are you one of the 1.8 million property owners who have a fixed rate on their mortgage ending in 2024? If so, I hope you will find the following information useful. Over the last 15 years, we have been spoilt by historically low-interest rates and have all enjoyed low mortgage repayments on our homes as […]