The average house price saw no change (0.0%) in May, following a drop of 0.4% in April, Halifax reports. Its latest house price index does, however, show that the annual rate of house price growth saw a decline of -1%, compared to a 0.1% increase in April. This marks the first annual fall in house […]

What are bridging loans and when you should consider taking one? Bridging loans are a form of short-term finance that property investors in the UK market may consider when they require funds quickly to take advantage of an opportunity or overcome a challenge. Bridging loans are secured by the purchased property and are usually repaid […]

A shocking survey reveals that 43% of electricians and gas engineers have been asked by clients – including tenants – to illegally tamper with their electricity or gas meters to reduce their energy bills. The findings from Direct Line business insurance highlight that as energy prices continue to rise, more people are resorting to these […]

As the Welsh Government unveils its Green Paper to address adequate rented housing and fair rents, the National Residential Landlords Association (NRLA) is calling on landlords to make their views known. It says that everyone concerned with housing matters should voice their opinions on shaping the destiny of the private rented sector in Wales. The […]

With 168 pieces of legislation in place and with more to come, landlords are turning to letting agents to help guide them through turbulent times. A good letting agent can help provide peace of mind to a landlord and offer different services to help manage a property. This Property118 investigation highlights the services letting agents […]

In 2010, Manni Chopra took a sabbatical to pursue a career in property. She set up her own business, Chopra Property Group, which has now acquired property worth more than £5 million in London and the South East. Manni has now won the HMO Property Deal of the Year (six rooms or less) award for […]

In an effort to increase the availability of affordable housing for rent or purchase in rural regions, the government has announced plans to establish a network of ‘Rural Housing Enablers’. These enablers, backed by £2.5 million in funding, will serve as intermediaries between developers and communities, assisting with site identification that has local support and […]

Paragon Bank has enjoyed an impressive 19% surge in buy-to-let lending during the first half of this year, reaching £1 billion. The specialist lender says that the growth is down to the strong demand from landlords following the mini-Budget. The bank’s BTL pipeline reached £810 million by the end of May. Paragon says it remains […]

Property educators across the UK are invited to the first national Property Educators Summit organised by the Property Investors Bureau. The Summit aims to improve standards, foster collaboration, and add value to the businesses of all attendees. The event will provide property educators with an environment to engage in discussions, share insights, and explore innovative […]

Hi all, I am in the process of selling my mother’s house, which is empty and have had a prospective buyer since March. However, there have been some problems regarding the sale and this has caused the transaction to take much longer than usual and may still take another 3 to 4 months for completion. The […]

Hi, I’ve just had this in a letter from our letting agents… “Renewing your EPC isn’t legally required at this point, however, there have been cases where courts have queried an out-of-date EPC during possession proceedings, with possession not being granted or delayed, due to the EPC being out of date.” Has anyone any knowledge of […]

A growing number of UK homeowners working overseas are finding themselves grappling with skyrocketing mortgage rates when renting out their properties, the Financial Times reports. The newspaper says that these individuals are often required by lenders to switch from standard residential loans to ‘consumer buy-to-let mortgages’ – usually at higher interest rates. In recent months, […]

Landlords are being warned that the proposed Renters’ Reform Bill means understanding the new rent review procedure or risk not imposing a rent rise, an expert warns. Lucian Cook, the head of residential research at Savills, says that while the new law will safeguard landlord investments, it will also mean taking a fresh approach to […]

Hello, A friend of mine lives in a block of three flats. The communal front door does not have any locking system which seems unbelievable to me these days. She and one of the other owners would like an entryphone system fitted for security reasons. The third owner is against the idea but doesn’t say why […]

Devious criminal landlords are allegedly employing fake security personnel who are masquerading as court bailiffs to forcibly remove families from their rented homes, one charity says. Safer Renting, a tenancy relations service, reveals that these landlords are increasingly resorting to a new way to evict tenants without obtaining a court order. The alarming revelation coincides […]

Fleet Mortgages has launched an array of two- and five-year fixed-rate mortgages across its three core ranges – standard, limited company and HMO/MUB. The buy-to-let specialist lender says that for borrowers seeking a two-year fixed-rate mortgage up to 75% LTV, it offers rates of 5.69% for standard and limited company applicants and 5.79% for HMO/MUB […]

Hello, I have a Victorian building that is three storeys and has eight flats and was converted many decades ago.  The building has three skylights on the roof, which is the ceiling (flat roof) for two flats. These are fixed non-vented (not windows per se), and are integrated into the roof. The roof is being […]

Hello, We own a leasehold flat with a designated parking space in an underground car park. The property has been let out to the same tenant for 13 years. They never used the parking space and we never had cause to go to it. The tenant has now moved out and upon checking the space, […]

Hi everyone, I recently bought an auction property with a tenant in situ. We have tenancy agreement but it doesn’t give too much info. We requested tenant details from our solicitor but nothing. Letting agent didn’t give tenant details. We found tenant details from the buyer’s solicitor. Our solicitor prepared a rent authority – the […]

Hello, last September I purchased the second flat in a converted Victorian house for which I already owned the first flat and the freehold. For whatever reason, I was obliged to merge the leasehold on the second flat with the freehold in order to obtain a loan to buy it. The second flat was uninhabitable […]

Landlords and tenants in the UK have witnessed average rent costs for a new tenancy rocketing by 10% year-on-year, reaching £1,213, research reveals. The Homelet rental index for May also reveals that the monthly rise in rent last month was 1.2%. The data highlights that a surge in rental prices is evident across most regions […]