Page 304 – Property118

Is this the real reason for the housing crisis?

25th April 2023

Hello, On the face of it, it’s very puzzling. Surely the government are well aware of the housing crisis? Yet, aided and abetted by Shelter they cause the private rental sector to shrink. Maybe this is about getting the national cost of Housing Benefit down. By shrinking supply, would-be renters are squeezed into becoming first-time […]

Landlords and letting agents are a ‘perfect match’

24th April 2023

Landlords who are concerned over upcoming regulations should consider using letting agents, one firm says. The automated rental payment service Payprop says using letting agents is an ‘obvious solution’ for landlords. The organisation also warns that legislative changes will cause a big shake-up in the private rented sector – and landlords may need a helping […]

property prices, rents,

House price growth slows down – and renters look to buy

24th April 2023

Economic headwinds are seeing home sellers cautiously pricing their properties to sell with April’s prices increasing less than expected, Rightmove says. And record high rents mean that tenants who can afford a deposit and a mortgage are increasingly looking at buying. The platform reveals that asking prices rose by just 0.2% (+£890) to an average […]

Propertymark representative discusses rent control concerns in Scotland

Scottish legislation is driving landlords out

24th April 2023

Legislation by the Scottish government is pushing landlords out of the sector, a leading industry body claims. According to research by Propertymark, 93% of landlords in Scotland have expressed a desire to withdraw property from the PRS because of temporary legislation introduced by the Scottish government. The Cost of Living (Tenant Protection) (Scotland) Act placed […]

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Selling a flat using the Building Safety Act?

24th April 2023

Hello, Has anyone sold a flat using the protection provided by the Building Safety Act? My daughter has received a letter from the block management company responsible for her building, confirming that, as required under the Act, she will not be asked to pay anything towards the remedial works needed to resolve the fire safety […]

New ‘sex for rent’ law aimed at predatory landlords

24th April 2023

A consultation that could lead to a new law to crack down on landlords demanding ‘sex for rent’ has been unveiled. The Home Office is now starting a consultation on its plans – and asking whether current laws are effective enough. The Home Secretary, Suella Braverman, says the law would bring to justice predatory landlords […]

Pic of a fake payslip for a tenant to rent a home landlord property118

A poor letting agent?

24th April 2023

Hello, a large London letting agent found and gave a glowing reference for a tenant, so we took her on. They stated that she was in a £90,000 pa job. It transpired that she was out of work. They stated that she had only been late paying rent by one day on one occasion. Later, […]

Gove is ‘outraged’ over buildings insurance scandal

24th April 2023

The housing secretary, Michael Gove, says he is ‘outraged’ over a Financial Conduct Authority (FCA) investigation into broker commissions on multiple-occupancy buildings insurance which found that leaseholders are paying rocketing premiums – fuelled, in part, by hefty commissions being paid to freeholders, landlords and managing agents. Last Friday, the FCA revealed that an investigation would […]

Magnifying glass looking at house on paper saying fraud

Landlords see a massive increase in fraudulent tenancy applications

21st April 2023

There’s never been a tougher time for the private rented sector (PRS) with demand soaring and stock dwindling tenants are struggling with finding a place to live. This leaves tenants battling it out for properties but some face extreme vetting procedures to access homes to rent. However, with tenancy fraud applications on the rise, there […]

pic of leasehold and freehold box for a landlord and tenant to tick property118

How to create a separate leasehold?

21st April 2023

Hi, I own a ground floor flat that is mortgage free, along with the freehold of the building. The upper flat is owner occupied. The deeds state a peppercorn rent of £10pa from the upper flat to me, and a 999 yr lease was created in 1990 by the elderly owner. We share specific repair […]

Landlords will be able to sue over rip-off building insurance policies

21st April 2023

The Financial Conduct Authority (FCA) has revealed that it is going to reform the multi-occupancy leasehold insurance market which will see landlords and leaseholders getting the right to sue insurance firms. The move will, the FCA says, help leaseholders get new protections and rights to improve transparency. The Daily Telegraph reports that the city regulator […]

Pic of bailiff outside a tenants house arrears landlords property118

How can I get my rent arrears?

21st April 2023

Hello, I have obtained an eviction order giving my tenants 14 days to leave. I do not expect them to do so, so will need the bailiffs. They are £8,100 in rent arrears. How can I get my money? If they leave, how can I trace them? They are on Universal Credit. UC have not […]

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RIP Scotland’s PRS?

21st April 2023

Hello, As you will all know, being conscientious landlords, there is currently an evictions and rent freeze in Scotland since last year and will continue currently until September 2023 with the option of SNP and the Greens to continue it for a further six months. Although Harvie (Greens ) has let it be known he […]

Revealed: The most appealing cities for young renters

20th April 2023

The most appealing cities for young renters to enjoy jobs, socialising and low rents have been revealed – and there are some unlikely destinations in the top 10. The research from Comparethemarket found that Nottingham, Southampton and Coventry are the UK’s most appealing cities for young adults. The firm created a way to rank the […]

pic of tenant looking at a rent rise ONS property118

The PRS saw an annual rent rise of 4.9% in March

20th April 2023

The UK’s private rents rose in the year to March by 4.9% – which is still below the rate of inflation. The Office for National Statistics (ONS) says the annual figure is a slight increase on February’s 4.8%. The average rent in England grew by 4.6%, in Wales it rose by 4.4%, but Scotland saw […]

Pic of tenant eviction notice from landlord property118

Can I evict tenants independently if I need to?

20th April 2023

Hi all, I have 3 bedroom house with a self contained unit. I want to let each one separately but lenders say I have to have one AST for both. The self-contained unit has its own electricity meter and no gas. It also has a separate entrance from the main house. My question is, how […]

Renting Done Right manifesto is officially launched

20th April 2023

A manifesto calling on the government to rapidly step up its support for the lettings sector has officially been launched. It’s the brainchild of rentech firm Goodlord and is called Renting Done Right. The firm says the manifesto has been created after discussions with focus groups and roundtables involving more than 1,500 agents, landlords and […]

Slide in house prices is accelerating

20th April 2023

The UK’s house prices fell for the third consecutive month as prices slumped 0.3% between January and February, the Office for National Statistics (ONS) says. Its data also reveals that average house prices grew 5.5% in the year to February – that’s down from January’s figure of 6.5%. That is the lowest annual rise since […]

pic of uk electric sockets for a tenant's flat propery118

Electrical certificate – replacing all the sockets?

20th April 2023

Hello, I have recently received a satisfactory electrical certificate. However, one recommendation is to change all the sockets due to age. The flat was built during the copper problems with aluminium conductors (still in very good condition) as I am going to change my tenant I am hoping to do all the recommendations. Can I […]

Pic of landlord signing a council tenancy contract property118

Council using providers to supply them with private properties?

20th April 2023

Hello, I have been given by X council a list of contracted suppliers they are using in order to secure temporary accommodation for them. The contracted suppliers have tendered and won contracts for a period of 6 years. The council provide the tenants from their housing lists – not asylum seekers, nor single people who […]

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Government is planning to ‘destroy the PRS’

20th April 2023

One leading property expert says the government is ‘looking to destroy’ the private rented sector (PRS). Iain McKenzie, the chief executive of the Guild of Property Professionals, was speaking during the latest episode of ‘The Home Stretch’ podcast. The podcast is put together by the Guild and when asked to describe the government’s plans for […]