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eviction notice opened envelope landlords property118.com

Tenant refusing to leave?

30th June 2023

Hello, my wife and I bought a property, the completion date was January 2023. We bought with a tenant in situ who since April has been in rent arrears and is refusing to leave after section 21 and 8 has been issued. The solicitor is about to issue an accelerated possession order but has requested […]

Pic of u-turn sign as Labour backtracks on tenant plans property118

Labour U-turns on tenant protections in just 24 hours

30th June 2023

The potential rise in evictions means the government must immediately introduce the Labour Party’s Private Renters’ Charter to help protect tenants. Labour’s call follows Shadow housing secretary, Lisa Nandy, announcing that Labour would not introduce a rent freeze – despite her support of the move last September. Key stipulations of the charter include putting an […]

Welsh First Minister rejects calls for a rent freeze – but critics want more

30th June 2023

Mark Drakeford, the First Minister of Wales, has rejected the idea of implementing a rent freeze in the country. That’s despite his government launching a consultation on introducing rent controls in Wales earlier this month. This week, Mr Drakeford was asked by Peredur Owen Griffiths, a Plaid Cymru Member of the Senedd, about his government’s […]

Landlords see rents rocket and voids plunge

30th June 2023

A rental index reveals that England’s rental market has caught fire, with rents rising for the sixth straight month in June and voids plunging. The latest data from Goodlord points to an ever-increasing demand for rental properties – as the peak season for lettings approaches. The survey found that seven out of the eight regions […]

No party wall notice issued despite building work taking place?

30th June 2023

Hello, builders next door have commenced building work without planning approval yet an application has been submitted. No party wall notices were issued and no neighbour consultation was done. The rear extension to the mid-terrace is 6m long. Is this acceptable under permitted development rights as there is only 3m remaining to the rear garden […]

Landlords and homeowners face hefty bills to meet EPC target

30th June 2023

Landlords and homeowners are facing steep costs to upgrade their properties to meet potential Energy Performance Certificate (EPC) ratings – with an average price tag of £13,981. According to mortgage data firm Dashly, homeowners in Greater London will feel even more of a financial pinch with an average cost of £14,589 to make the necessary […]

Pic of EPC dial being moved landlord property118.com

Can EPC rules regarding insulation be a retrograde step?

30th June 2023

Hello, we are all required to improve our properties so as to adhere to standards set by the government in regard to insulation etc. This is not a bad thing but it does mean a significant reduction of airflow around the home. Consequently, there is less air available to dry out areas around the house […]

Labour’s Lisa Nandy rejects rent control pleas

29th June 2023

Lisa Nandy, Labour Party’s shadow housing secretary, has rejected calls for rent controls – despite saying at the Labour Party conference last autumn that she supported them. Now, she believes that rent controls are a ‘sticking plaster on our deep-seated problems’. Ms Nandy also expressed concerns that such a policy could result in increased homelessness. […]

The Midlands shines as a rental hotspot amid dip in renter interest

29th June 2023

Despite a slight nationwide drop in rental interest, the Midlands is emerging as an exception to the trend, a rental demand index reveals. The latest findings from Barrows and Forrester highlight that Dorset is the current epicentre of the rental market, with Herefordshire showing the highest growth rate over the last quarter. The index from […]

A small house next to a woman writing on a clipboard

Freeholder service and insurance charges?

29th June 2023

Hi everyone, my family own several leasehold flats and in each case the leases allow the freeholder to arrange building insurance and to recharge this to the leaseholders. Every time the property is valued by an RICS surveyor the insurance value has increased way beyond inflation and has now reached ridiculous levels so that the […]

Renters on low income struggle to find affordable properties

29th June 2023

People receiving housing benefits or Universal Credit can afford just one in 20 private rental homes, according to new figures. Research by the Institute of Fiscal Studies (IFS) reveals since the Local Housing Allowance (LHA) freeze, the proportion of new private rental properties on Zoopla that would be covered by LHA has plummeted from 23% […]

eco house

Can I rent a large house as a one bed flat?

29th June 2023

Hello, I have a five-bed eco house on the South Coast we recently put up for sale when our last tenants left. Unfortunately, then the market nose-dived and there has been no interest. The agents tell me this is the case with all of the more expensive properties in the area. Now, not only are […]

property prices, rents,

Landlords opt to buy homes with an EPC rating of C or higher

29th June 2023

Landlords are increasingly investing in energy-efficient properties that have an EPC rating of C or higher, a study reveals. Rightmove says that since January 2019, there has been a 16% increase in the number of rental properties entering the private rental sector with an EPC rating between A and C. Those homes had previously been […]

Black mould growing on a window frame in a damp home.

New regulation to protect social housing tenants is set to become law

29th June 2023

The Social Housing Regulation Bill is set to become law after passing through both Houses and is awaiting Royal Assent. The Bill includes Awaab’s law, which will require social housing landlords to fix reported health hazards such as mould within strict time limits. The toddler died in Rochdale from a respiratory condition that had been […]

Sell now before rates cause buyers to scatter and prices to plummet

28th June 2023

This week the NRLA reported that one in three landlords are going to trim down their portfolios. A whopping 33% of landlords are currently selling throughout the UK. Of that 33%, most landlords agreed that they would be willing to take 80% of the value just to get rid of them because mortgage payments are […]

BTL mortgage brokers predict strong demand for limited company lending

28th June 2023

Buy to let mortgage brokers are predicting a big rise in limited company lending for BTL landlords in the coming year, a survey reveals. According to Paragon Bank, 49% of brokers expect to handle a larger volume of buy-to-let mortgages for portfolio landlords who operate through limited companies. In addition, 38% of intermediaries foresee an […]

Councils want cash for enforcing S21 ‘no-fault’ evictions ban

28th June 2023

Local authorities in England have raised concerns about the need for additional staff and funding to effectively enforce the proposed banning of Section 21 ‘no-fault’ evictions in the Renters Reform Bill. The legislation is making its way through Parliament and responsibility for enforcing the ban will fall on councils. But they are already expressing concerns […]

Smiling business professional sitting confidently in a modern office setting

Home sellers face drastic price cuts to attract buyers

28th June 2023

Homebuyers are successfully negotiating lower prices for homes with a whopping 42% of sellers agreeing to discounts of more than 5% on the asking price, research reveals. And, according to Zoopla, 15% of sellers are accepting offers of at least 10% off their asking price. Also, the UK’s annual house price growth has dipped to […]

Pic of man holding EPC at commercial building property118

Commercial landlords plan to spend £500k to meet EPC standards

28th June 2023

More than half of commercial landlords (55%) plan to invest £100,000 or more in improving the energy efficiency of their properties over the next 12 months.  Research by Handelsbanken Professional Landlords Survey also reveals one in five professional landlords (19%) plan to spend £500,000 or more to meet EPC standards. The survey is based on […]

Insurance cover

Long term leases subject to Section 24?

28th June 2023

Hi all! I wonder, for an owner who has a section 24 issue if he lets his property on a 7-year lease to an Ltd Company client who then sub-lets on either Airbnb, serviced accommodation or indeed to long-term residents,  has he then been taken out of the Housing Act 1988, Rent Smart Wales registration, […]

Leasehold rights from freeholder property118.com

Help with choosing leasehold property?

28th June 2023

Hi everyone, My partner and I have been saving for a long while to buy our first investment property together. We’ve found a deal for a one-bedroom flat in Bradford city centre for £125,000 with 107 years left on the leasehold. Comparables in the building sell for £50-60k, however, this has a 25-year guaranteed rent […]