The government is unlikely to deliver the one million new homes it promised by the end of this Parliament, according to research. Property developer Stripe Property Group (SPG) has found that an average of 67,500 new homes every quarter will need to be built by the end of 2024 to meet its target. However, the […]

A leading industry body wants to hear from landlords in London about their future plans for investment. Propertymark and the University of Dundee have launched a survey to uncover whether landlords will retain their property investments or withdraw from the sector. The survey is open till the end of August and while the survey is […]

Hello, we are the landlord of a student HMO. The tenancy has been signed for the upcoming year but one of the tenants has now decided to pull out. They have found a replacement tenant but the agents are saying they can only charge them the £50 fee and want to charge us £42 for […]

Like a jack-in-the-box that keeps reappearing with an unwanted message, Assembly Members on the London Assembly are fed up with Mayor Sadiq Khan’s calls to bring in rent controls for the capital’s private rented sector. They say he is distracting attention away from his own poor performance in the capital and he doesn’t have a […]

Hello, does anyone have any experience of letting their property for short-term lets (3 months – 12 months) to business travellers? I have a property which has been refurbed and is empty right now, but at some point in the future, I shall want to move in there myself whilst my main residence undergoes building […]

Hello, I am approaching 70 and I issued my tenant with a letter to vacate the property on the 22nd of February 2023. I did not give a time frame but just to let the tenant know what my intentions were. On receiving the letter my tenant decided that he was going to apply for […]

Landlords face being put out of business with the government trebling the fines for those who rent a home to an illegal migrant. The government says this will be the biggest shake up of civil penalties since 2014. Under the new rules, fines will rocket from £80 per lodger and £1,000 per tenant for a […]

Hello, I’ve been a BTL landlord for over 6 years but in that time we have had tax changes, legislation changes, and now increased interest rates/running costs and possibly stricter letting rules to come. Is it even worth the risk of expanding now or is it best to invest somewhere else in the meantime? In […]

Despite forecasts of a downturn due to rising interest rates, average house prices in Scotland continuing rising, data reveals. Estate and letting agents DJ Alexander, show that average house prices rose by 1.57% between June 2022 and May 2023. House prices in Edinburgh grew by 3.35% with an average price of £334,118 – that’s the […]

The latest data reveals that rents have risen in every region of the UK with the average price now at £1,243 in July – that’s up 10.3% in a year and 1.1% from June. The figures from Homelet also reveal that rents outside of London are now £1,037. But tenants in the capital are facing […]

Hello, I own a 1900 solid brick small workers’ cottage. It’s been fully renovated, new roof, new DG and electric heaters with no mains gas. My EPC is currently an E. I ask the assessor if I put in mains gas central heating how many points would my EPC increase by. He said he couldn’t […]

Hi, According to my agent, my tenants have said they would like to re-carpet throughout at their expense which they say would cost them about £2,500. In view of the expense, they have asked for a guarantee of a long term agreement, although they have not specified a period. At the moment I have no […]

The housing market faced yet another setback as the average house price saw a decline of -0.3% in July, Halifax reports. Its data shows this is the fourth consecutive monthly drop, and it is an average drop in value of £1,000. However, signs of resilience are emerging, driven by increased market activity, though Southern England […]

In a strange situation, a letting agency has asked a landlord to be a guarantor for their own tenants. This means should the tenants stop paying the rent it will be the landlord who covers their payments. The PRS redress schemes make it clear in their conduct codes that guarantors are separate to landlords and […]

Tenants should be protected from eviction for six years after their home’s Energy Performance Certificate (EPC) has been improved to help encourage them to apply for grants to help pay for the work. That’s the verdict of Generation Rent which says that energy efficiency grants have been provided to owner-occupiers at a rate five times […]

Hello, I have a tenant who is 6 months behind in rent.  To my shame and embarrassment, I’ve only just noticed as it is a block of flats and I own them all so the bills were still being paid. I noticed there wasn’t as much money in the account as I expected yesterday and […]

New government figures on Capital Gains Tax (CGT) point to a significant number of landlords leaving the buy to let sector, according to one wealth management firm. Quilter says the data reflects a wave of landlords who are exiting the market due to rising mortgage rates, reforms in the private rented sector (PRS), and the […]

With interest rates on the rise, landlords may face some challenges, particularly those without fixed mortgages. However, amidst the potential uncertainties, there are also opportunities that can be harnessed within the Private Rented Sector (PRS). One immediate benefit is the increased demand for rental properties. As interest rates fluctuate, the housing market remains unpredictable and […]

Landlords! Are you fully up to date with the law? Are you worried that you are not complying with all of your legal obligations? Would you like a quick refresher course? Starting on 7 August 2023 – Landlord Law will be running a new 20-part FREE email series to bring you up to date with […]

We’ve all been hearing about the government’s green plan for the private rented sector. But are the plans actually as ‘green’ as they make out to be? The government believe heat pumps could be the answer to help tackle the energy-efficiency problem in PRS homes. This Property118 investigation looks at all the details to do […]

Hello, I have a long lease on a purpose-built flat in London which I occupy. Other flats in the block have been let by their leaseholders on ASTs. The block has become very rundown and requires extensive work. Some of the ’renters’ (those with an AST) have complained to the local council about the conditions […]