Page 292 – Property118
landlord news rents tenant affordability property118.com

Rising house prices force people to rent for longer

13th June 2023

Millions of couples are left facing being unable to afford rent due to house price rises outstripping wages, according to new research. The data from the Guardian and Twentyci reveals the massive difference between people’s earnings and the cost of properties available to buy and rent. Figures from the Office of National Statistics (ONS) reveal […]

The times newspaper logo

The Times wants to speak to people gifting holiday homes to their children

13th June 2023

Are you gifting your holiday home to your children? Then, the chief money reporter for The Times and The Sunday Times, Ali Hussain would like to speak with you. Mr Hussain is looking for case studies to interview about families passing on wealth to younger generations in a tax-efficient way including holiday homes. He would […]

Good landlords have nothing to fear – Polly Neate

12th June 2023

Polly Neate, the chief executive of the housing charity Shelter, says that good landlords have nothing to fear from the Renters’ Reform Bill which could ‘transform the lives of millions’. Writing in the Sunday Times, Ms Neate says that since the deregulation of private renting in the Housing Act of 1988, the balance of power […]

Professional woman standing outdoors, illustrating commentary on pressures facing renters and landlords

The perfect storm for landlords and tenants has arrived

12th June 2023

A financial expert is predicting misery for the property market in the months to come with rising interest rates hitting both landlords and potential first-time buyers. Sarah Coles, the head of personal finance at Hargreaves Lansdown, says that with house prices and sales falling, plus the potential for mortgage rate hikes, the sector will be […]

Woman in red dress smiling while seated in an office chair.

Rental market cools down – and first-time renters stay at home

12th June 2023

In May, the rental market experienced a slowdown in price growth across Great Britain, research reveals. The average rent for newly let homes increased by 9.1% year-on-year, a drop from April’s 11.1% growth. The report from Hamptons also reveals that the slowdown was seen in every region, except the South West. London, previously home to […]

Paragon unveils exclusive BTL mortgage deals for landlords

12th June 2023

To cater to the diverse needs of landlords, Paragon Bank has introduced a series of limited edition buy-to-let mortgage offerings. The new options include five-year fixed-rate deals with no fees or flat fees, as well as discounted standard variable rates. The lender’s decision to offer these mortgage options was influenced by broker feedback, underlining its […]

How we restructured to become debt free and super tax efficient

9th June 2023

On paper, my spouse and I were worth £3,000,000 but the reality was that we had no savings, no money whatsoever to live on after paying our tax bills, and this was despite having rental income of £300,000 a year coming in. In fact, it was even worse than that, our tax bill exceeded our […]

PRS landlords feel ‘demonised’ by the media

9th June 2023

A staggering 81% of landlords believe that mainstream media coverage of the buy-to-let market is unjust and inaccurate, research has found. The Landbay quarterly landlord survey reveals that despite the ever-growing demand for rental properties, landlords feel unfairly ‘demonised’ with their crucial contribution to the housing sector going unrecognised. Landlords argue that the media wrongfully […]

Matt Hutchinson discussing the government’s second homes policy and housing shortage

UK’s rental crisis could be solved by renting out spare bedrooms

9th June 2023

With renters increasingly scrambling to find budget-friendly housing options in the UK’s rental crisis, one firm offers a simple solution. Flat-sharing site SpareRoom says that homeowners with a spare bedroom should be encouraged to take in a lodger to help boost supply to renters. It says there are more than 20 million empty bedrooms and […]

Foundation introduces new rates and fees for its BTL range

9th June 2023

Foundation Home Loans is expanding its core buy-to-let offerings with the introduction of three Limited Edition products and Special Editions to cater to various needs. As an intermediary-only specialist lender, Foundation is unveiling a series of Special Editions within its buy-to-let range with enhanced benefits and features. These include reduced product fees for F1 five-year […]

pic of woman holding a red card as a penalty for landlords in the uk property118

Campaign group wants landlords to pay 2 months rent penalty to help tenants move home

8th June 2023

The Renters Reform Coalition is encouraging tenants across England to contact their MPs to support the Renters’ Reform Bill. The coalition, which includes housing sector organisations, charities, and partners like Big Issue, aims to bolster tenants’ rights and bring about ‘meaningful change’ in the rental market. To garner support, tenants are encouraged to email their […]

Property expert warns landlords rushing Section 21 evictions before ban

Bailiff crisis will make it harder for landlords to evict tenants

8th June 2023

Landlords wanting to evict non-paying tenants in arrears are facing extended delays and increased costs because the UK court system has a significant bailiff shortage, one organisation warns. And the situation will worsen as a ‘landlord panic’ will spark more evictions as the abolishing of section 21 ‘no fault’ evictions gets nearer. The Ministry of […]

Daily Telegraph wants to speak to people renting out holiday lets

8th June 2023

Are you a landlord who is renting out a holiday let? Then, Alexa Phillips the personal finance reporter for the Telegraph would like to speak with you. Alexa would like to speak to Property118 readers about how to build a good business using Airbnb/vrbo/sykes and other platforms. She would also like to know: How many […]

The Mortgage Lender unveils BTL product relaunch

8th June 2023

The Mortgage Lender has revamped its residential and Buy-to-Let (BTL) product offerings. There’s a diverse array of fee choices within the core BTL products, featuring 75% LTV 5-year fixed rates commencing at 5.49% and 2-year fixed rates kicking off at 5.94%. Other options are available to HMO, expats and Holiday and short-term lets. For its […]

pic of landlord filling in a court possession form property118

Court fee for an accelerated possession claim?

8th June 2023

Hello, Can anyone tell me what the court fee is for an accelerated possession claim? I’ve googled this and am getting different amounts listed for court fee! Can someone enlighten me? This is for Possession Claim Accelerated procedure following an S21 notice. The court will be City of London. I need to write the amount […]

pic of auctioneer selling a house buyer landlord bargain property118

Where property auctions offer a bargain and a quick sale

8th June 2023

The property auction hotspots where landlords and investors could potentially snap up a bargain or enjoy a quicker transaction have been revealed. Digital home information pack provider Moverly has examined the percentage of auction stock compared to all homes on the market to gauge how important property auctions are in those regions. It found that […]

‘Storm clouds’ loom over the UK’s property sector – RICS

8th June 2023

Storm clouds are looming over the UK’s property market with some good news being overshadowed by potential interest rate hikes and landlords looking to leave the private rented sector (PRS). The Royal Institution of Chartered Surveyors (RICS) says that house prices and agreed sales – along with buyer demand – have fallen again, although it […]

long time tenant can't afford rent

How to help long-time tenant that can’t afford rent?

8th June 2023

So imagine this scenario you have a tenant that’s been with you for five years. Always paid rent on time, no problems, keeps the place well – the ideal tenant. BUT NOW the tenant’s maintenance payments for their child will end and they will no longer be able to afford the rent. The rent is […]