Page 298 – Property118

Call for London’s councils to get MORE landlord licensing powers

30th May 2023

In a call that will cause dismay among landlords in the capital, one organisation is urging for MORE devolved licensing powers to be handed to London’s councils. A think tank called Centre for London has published a report entitled: ‘Licence to Let: How property licensing could better protect private renters’. The report says that the […]

Tax Benefits of Malta Residency

29th May 2023

The tax benefits associated with retiring or otherwise relocating to Malta can be significant. This is something I know firsthand because my wife and I took that leap back in 2016. Below is a very short summary of some of the tax benefits my wife and I have enjoyed whilst living in Malta. You can […]

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Is it better to sell property fast or sit and wait?

26th May 2023

Should landlords hold onto their properties for as long as possible following the BOE’s announcement that inflation fell to 8.7% in April? Despite the fall in inflation, The Guardian is reporting the financial markets are betting on an interest rate rises to 4.75% in June and 5.4% by the end of the year , the […]

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What is a Rent Repayment Order?

26th May 2023

If you’ve found this article as a result of searching for the term Rent Repayment Order, then the chances are very high that you’ve just received a letter with an “Application by Tenant or Local Housing Authority for a Rent Repayment Order”. Do NOT IGNORE this application form or the Tribunal Notice. Get professional assistance […]

Business professional in blue suit representing NRLA leadership on housing crisis.

Boost rented home supply by scrapping mortgage tax relief – call

26th May 2023

As the UK grapples with a housing crisis, new research indicates that abolishing a tax increase on rented housing could help alleviate the situation. Capital Economics has conducted an analysis for the National Residential Landlords Association (NRLA) which suggests that reinstating mortgage interest relief (MIR) in full for the private rented sector could ease the […]

Why fixed-term tenancies are actually good for students

26th May 2023

 As a recent graduate, I know the difficulties of finding a student house and a proposed ban on fixed-term tenancies will have a serious knock-on effect on students. Many students start searching for accommodation months in advance. I started searching around December time as I knew how fast some houses can be snatched up. I […]

Tenants reluctant to access new Renters’ Reform Bill rights

26th May 2023

The tightening supply of homes to rent and affordability issues mean many renters will be reluctant to access their new rights under the Renters’ Reform Bill, research suggests. The findings from TDS Charitable Foundation highlight that nearly a third of tenants are finding it difficult to meet their rent payments – and more than half […]

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Tenant demand surges along London’s Elizabeth Line

26th May 2023

It’s been a year since the grand opening of London’s Elizabeth Line and a new report has revealed the latest trends among renters around its stations. According to Rightmove, the biggest surge in tenant demand is being seen at the stations farthest from the city centre. The same tenant trend has been unearthed by Foxtons […]

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28% of Scotland’s property taxes come from investors and second home buyers

26th May 2023

Investors and second home buyers account for more than a quarter of all Scotland’s property taxes paid over the past year, research reveals. DJ Alexander Ltd, Scotland’s largest estate and letting agents, says these buyers have contributed £179.1m in additional dwelling supplement (ADS) between May 2022 and April 2023. That’s nearly 28% of the £642.4m […]

Landlords warned about the risk of legionella

26th May 2023

Landlords often hear about rules and regulations when it comes to energy and electricity but what about water? Legionella is a bacteria that can be found in water and prove to be fatal with hundreds of cases reported every year in the UK. This Property118 investigation highlights the risk of the deadly disease and what […]

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Students urge the government to resist calls to ‘water down’ Renters’ Reform Bill

26th May 2023

The National Union of Students (NUS) is celebrating the Renters’ Reform Bill as a landmark victory for renters’ rights and warns that attempts to ‘water down’ the law will create an ‘underclass’ of student tenants. The NUS says the proposed law will bring much-needed security and protection to students living in poorly maintained properties. And […]

Tax return information in a matter of seconds

25th May 2023

Preparing your annual tax information for your accountant can be a very time-consuming exercise! Alphaletz has just released a new update to help landlords get the information they need in a matter of seconds. It’s in a format that makes it extremely easy for accountants, or even landlords, to prepare their returns and save themselves […]

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Daily Telegraph wants to speak to landlords who are facing problems remortgaging

25th May 2023

Are you a landlord who is facing difficulties remortgaging? Then, Alexa Phillips, the personal finance reporter for the Telegraph would like to speak with you. Alexa would like to ask Property118 readers about: How are banks assessing your affordability? Are you not able to raise rents enough to cover the increased mortgage costs? Are you […]

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Investor squeeze sees off-plan sales plummet

25th May 2023

Off-plan sales for new homes have continued to plummet as property investors avoid buying, research reveals. Real estate firm Hamptons says that just 34% of new homes in England and Wales were sold in advance of completion last year. That’s the lowest level since 2013 and just one in five of those sales was to […]

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The UK’s richest and poorest property markets revealed

25th May 2023

Over the last 12 months, £250bn worth of property has been sold in the UK with the richest local market – surprisingly – being found north of the Scottish border. Estate agents Nested analysed the total volume and combined value of property sales to reveal which areas are booming, and which ones are struggling. It […]

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London’s transport improvements open up commuter destinations

25th May 2023

Opportunities for landlords and investors might have improved after research reveals that commuting for renters and buyers in London has got a lot easier. According to a new report from Foxtons, the transport improvements in the capital have opened up a whole new world of commutable options. Its London Report found that in 2022, 39% […]

UK’s house price growth continues to slow down

25th May 2023

Property prices in the UK have fallen for the fourth month in a row as values dropped by 0.9% between February and March, the Office for National Statistics (ONS) reveals. Its latest house price index shows that the average house price climbed by 4.1% in the last year. However, that annual rate of increase is […]

Renters Reform Bill and Anti-Social Behaviour

24th May 2023

The Government is trumpeting that the Renters Reform Bill will help landlords deal with anti-social behaviour. A number of commentators have been taken in by this spin. Ben Beadle of NRLA has said: “We welcome the government’s pledge to ensure landlords can swiftly recover properties from anti-social tenants and those failing to pay their rent.” […]

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How to select a managing agent?

24th May 2023

Hello, We wish to obtain quotes from managing agents to take over the management of our small block of 7 flats. I have obtained a list of 5 agents who operate in our area but only one of them is ARMA accredited. Are there other equally respected accreditations? For example, one MA who have a […]