The Bank of England’s decision to increase base interest rates from 4.25% to 4.5% today has led to the property industry reacting. This is the twelfth consecutive interest rate rise – and the highest the rate has been in nearly 15 years. The rise will see loan and mortgage costs increasing for many – though […]

Do you want to become an award-winning property investor? The nominations for the Property Investors Awards are now open! The awards celebrate excellence in the property industry and offer the chance to become recognised as a leader in the industry. There are 20 award categories available with each winner being selected by a carefully selected […]

Dear Property118 I am looking for some initial advice as I want to help my mother with her property held in a limited company. Since my father went into care she now manages the company which holds two rental flats. There are mortgages on both. My brother are also Directors of the company. My brother […]

The Bank of England’s Monetary Policy Committee (MPC) Hawks have today voted 7 to 2 to increase the Base rate by 0.25% to the latest high since the credit crisis of 4.5% and the 12th rise in a row. The two dissenting Doves voted to keep the rate at 4.25% This is after similar increases […]

Despite record tenant demand for a rented home, the number of landlords quitting has rocketed to a new high, research shows. Polling by the National Residential Landlords’ Association found that the number of landlords who are planning to sell their properties has hit its highest rate on record. It found that in the first quarter […]

The homelessness charity Shelter has hit out at the government’s delayed publication of the Renters’ Reform Bill this week. It says reform of the private rented sector is crucial because section 21 ‘no-fault’ evictions have led to a 50% rise in threatened homelessness in a year. But the figures being used are dubious at best […]

The government’s proposed EPC rules are already forcing thousands of landlords to leave the private rented sector (PRS) because the cost of improvements will be so high, research reveals. Data shows more than 65,000 rental properties were put up for sale by landlords in the first three months of 2023. Of those, around 36,500 had […]

Hello, my name is Suzy Spilling, co-founder of the NON-Qualifying Leaseholder campaign group. I didn’t know if any Property118 members are impacted by the Building Safety Act and Leaseholder Protections or are aware of the following NRLA survey. Landlords must complete the NRLA Survey NOW so that NRLA can evaluate the extent of the impact […]

Hello to all Property 118 readers, My name is Elizabeth Warburton and I am head of video content here at Property 118. I understand that Property 118 has brought an extremely informative, educational and completely free platform to help us Landlords now for many many years, so I would like to ask a small favour […]

Manchester City Council has announced that its selective landlord licensing scheme has expanded this week to cover 700 more rented homes. There are five new licensing schemes in four neighbourhoods and landlords will now need to be licensed. The council says that selective licensing will ‘address the impact of poor-quality homes and management standards’. Selective […]

Tenant demand in the first three months of the year rocketed by 41%, but fewer rental properties came onto the market, a survey reveals. The Royal Institution of Chartered Surveyors (RICS) residential market survey for April found that 24% of members saw fewer landlord instructions. And RICS says that with demand continuing to outstrip supply, […]

This is a friendly reminder that the Virtual Property Exhibition, brought to you by the property investors network, is happening tomorrow (Friday 12th May 2023). Why not join 9 industry experts from all over the UK? This FREE 1-day event is designed to help property investors like you, stay ahead of the game and gain […]

In news that will not surprise anyone, the government has revealed that ‘procedural issues’ have delayed the publication of the Renters Reform Bill that is poised to shake up the private rented sector, the Mirror reveals. It is now more than four years since the government first unveiled its plans to improve renters’ rights – […]

The cost-of-living crisis is still being felt by renters around the country after research reveals that one in 20 tenants didn’t pay rent in April. The Which? Consumer Insight Tracker highlights that 700,000 households missed either their rent or mortgage payment last month. The research also points to soaring mortgage rates that have led to […]

From finance to the property world, Xuan Meng’s journey has seen her build a £10 million property portfolio since 2018. Her company, Cozy Hauz, buys run-down properties and then pushes up the value through renovation, refurbishment and extension to release the initial investment. Winning not just one but two awards, Xuan was the only multi-award […]

Hello, upon visiting my local council in London to discuss the lawful eviction of a tenant due to selling up because of eye-watering landlord costs (now £3500 p/m), I have been informed that the council has instructed the tenant to remain until bailiffs arrive. Upon challenging this and referring to the Homelessness Reduction Act as […]

Hello, I have a leasehold property which I rent out, the freeholder being the local council. My tenant, a single lady in her 60s, obviously has mental health problems which were not apparent when she took over the flat. The flat is filled to the brim with clothes, books and things bought at car boot […]

Hello, in one of my tenanted properties, there was a flat-to-flat water leak (from my flat) – there are 80 flats in total. The managing agents were advised by the flat below mine and it was classified as an urgent water leak. A specialist company was instructed but at no time did they contact me, […]

Hello, my tenant tried to sue me to get compensation for one month’s rent and interest – £1,000 in total. She started to complain about damp and mould last October. According to her, water was pouring down from the ceiling. My builder and I went to check, we saw water condensation on the ceiling but […]

Research from a campaign group shows that nearly 20% of Conservative MPs are landlords as the Renters’ Reform Bill nears publication. The findings from 38Degrees highlight that MPs who own rental homes in England earned at least £1.67m last year in rent. The group says that the private rented sector (PRS) is not ‘respectful’ or […]

Tenant demand has reached an all-time high, according to new research. A survey of 700 landlords by Paragon Bank reveals that 67% of landlords experienced increased tenant demand during the first quarter of this year. Landlords in the East of England saw the highest levels of tenant demand with nine in 10 seeing an increase. […]