Hello, we have a student HMO property in Camden; unfortunately due to an administration error the license wasn’t renewed and the tenants are taking us to a tribunal for a penalty of one year’s rent. The property is fully HMO compliant, we have gas & electric certs, fire alarms & fire extinguishers serviced and certified. […]

Paragon Bank has reduced its core two-year fixed rate buy-to-let mortgages starting at 4.85% for a maximum 70% Loan to Value (LTV) dependent on EPC rating Rates on the two-year fixes are priced at 4.85% for single self-contained properties with EPC ratings of A-C and 4.90% where the EPC is rated D or E. Interest […]

Having nearly got sucked in by fake gurus and property sourcers I decided to write and submit this article to Property118 to help others … When navigating the world of property investment, it’s essential to distinguish between genuine experts and those looking to capitalize on your enthusiasm. Here’s your detective toolkit to help identify and […]

Average weekly rent in London rises again, according to new figures. The latest figures from Foxtons lettings index reveal average weekly rent in July was £597 per week, slightly lower than the £599 recorded in June, but up 12% compared to July 2022. The letting agents say competition is still fierce when looking for a […]

Hello everyone,could I please have some help from the Property118 forum? I would like to know the best way to rent a flat for one year only as my wife and I are planning to sell our home and we will want to move into it next year.  We are trying to avoid any problems! […]

Landlords who have sold up this year have seen their capital gains take a hit – they are making £10,000 less than they did last year, research reveals. According to real estate firm Hamptons, the average BTL landlord who sold a property this year made £95,000. The firm says that of the buy to lets […]

Tenant abandonment is a serious problem for landlords, who may face legal and financial risks if they try to regain possession of their property without following the correct procedures. And that’s why Propertymark has joined forces with other housing sector stakeholders, including Property118 to urge the government to introduce stronger rules on abandonment. In a […]

Landlords in Wales are being urged to have their say on the Welsh Government’s green paper on fair rents and adequate housing – which could see rent controls in the private rented sector. To help, the National Residential Landlords’ Association (NRLA) has put together a toolkit to help landlords understand the consultation and respond appropriately. […]

It’s hard not to come to the conclusion after reading the most popular articles, discussions and comments in multiple landlord news portals that landlords are being blamed, disregarded and punished from all sides; being squeezed out of the market, blamed for all wrongs and paying costs that are simply unfair. Join the thousands of landlords […]

Hi, I had to take my tenants to court as they wouldn’t leave once I’d given them notice. I wanted the property back to live in – it’s just my daughter and I. After a long drawn out process, I finally got my property back. However, it’s been left in an awful state. I’m now […]

Hi fellow landlords, we have one BTL and I wonder if it’s getting to the point where it’s better sold and money placed in a 5% savings account, especially when you consider the yield at the moment. Here are some more details below: Purchase price: 128k Current value: approx 260k Let for: £1150 per calendar […]

Hello, Our tenant stopped lines of communication in March. We were communicating by way of email and text, occasionally we tried a phone call but she texted us and said use email and text as her preferred method. It says on her contract we can email etc. Well, we served a section 21. The notice […]

Hello, regarding the proposals to upgrade all properties to an EPC ‘C’ rating, where are the tenants of a two-bed back-to-back going to live whilst the work is carried out? Don’t forget that pets are as important as kids in many families. Where will the mum/dad go during the day when the property is full […]

Growing numbers of landlords are struggling to pay their mortgages and are having their rental homes repossessed, official figures reveal. According to UK Finance, there were 440 buy to let landlords who had properties repossessed in the second quarter of 2023 – that’s up 7% from the first quarter. And the number of BTL mortgages […]

The new standards to boost safety and landlord accountability for the social housing sector could cost councils £17.9 million in the first two years of implementation – and £3.7 million a year afterwards. And now the Local Government Association (LGA), which represents councils in England and Wales, says that these costs should be fully covered […]

Hello, I hold a possession order and applied for a warrant on 20 June – nearly two months ago. No news at all from CC bailiffs. Emailed – no reply. At this rate, I have no idea when, if ever, eviction will occur. Meanwhile, the rent hasn’t been increased since 2019 and is significantly below […]

Property tax collections in Scotland have surged by 50% in just two years, an analysis reveals. Lettings and estate agents DJ Alexander Ltd, shows how revenues for the Scottish Government originating from the Land and Buildings Transaction Tax (LBTT) have soared in June 2023. It says the Scottish Government collected £61.7 million in June 2023 […]

The number of no-fault evictions by bailiffs has risen sharply, according to new government figures. The latest data from the Ministry of Justice (MOJ) shows the number of households removed from their homes by court bailiffs is up by 41%. Between April and June this year, more than 2,000 households were evicted by bailiffs using […]

A letting agent operating in Stratford, East London, has been expelled from The Property Ombudsman (TPO) due to its failure to honour a compensatory award amounting to £10,264 to a landlord – but appears to be trading still. The award came after a landlord lodged a formal complaint with TPO after a dispute involving the […]

Hello, I was trying to fill in the selective licensing form online, and I came across an abbreviation which I didn’t know, so I thought, go on to the next page, in case there are any more, and look them all up at once, but the online form would not let you go on to […]

With high-interest rates, huge uncertainty & opportunity in the market, there has never been a better time to consider the structure for your property investment. As landlords, tax will be one of the biggest costs you face and you will want to find a way to legitimately reduce this. If you are a landlord living […]