This week the NRLA reported that one in three landlords are going to trim down their portfolios. A whopping 33% of landlords are currently selling throughout the UK. Of that 33%, most landlords agreed that they would be willing to take 80% of the value just to get rid of them because mortgage payments are […]

Buy to let mortgage brokers are predicting a big rise in limited company lending for BTL landlords in the coming year, a survey reveals. According to Paragon Bank, 49% of brokers expect to handle a larger volume of buy-to-let mortgages for portfolio landlords who operate through limited companies. In addition, 38% of intermediaries foresee an […]

Local authorities in England have raised concerns about the need for additional staff and funding to effectively enforce the proposed banning of Section 21 ‘no-fault’ evictions in the Renters Reform Bill. The legislation is making its way through Parliament and responsibility for enforcing the ban will fall on councils. But they are already expressing concerns […]

Homebuyers are successfully negotiating lower prices for homes with a whopping 42% of sellers agreeing to discounts of more than 5% on the asking price, research reveals. And, according to Zoopla, 15% of sellers are accepting offers of at least 10% off their asking price. Also, the UK’s annual house price growth has dipped to […]

More than half of commercial landlords (55%) plan to invest £100,000 or more in improving the energy efficiency of their properties over the next 12 months.  Research by Handelsbanken Professional Landlords Survey also reveals one in five professional landlords (19%) plan to spend £500,000 or more to meet EPC standards. The survey is based on […]

Hi all! I wonder, for an owner who has a section 24 issue if he lets his property on a 7-year lease to an Ltd Company client who then sub-lets on either Airbnb, serviced accommodation or indeed to long-term residents,  has he then been taken out of the Housing Act 1988, Rent Smart Wales registration, […]

Hi everyone, My partner and I have been saving for a long while to buy our first investment property together. We’ve found a deal for a one-bedroom flat in Bradford city centre for £125,000 with 107 years left on the leasehold. Comparables in the building sell for £50-60k, however, this has a 25-year guaranteed rent […]

Sanmi Adegoke, the CEO of Rehoboth Property International, has taken his journey from a place of slow-moving dreams and unfulfilling business ventures to a place where he is now recognised and sought after in real estate as an innovative and successful property developer. His passion for community values drives his work, where he uniquely sees […]

Hello, if a right-to-manage company or their managing agent did not follow due process, such as issuing a Section 20B appropriately, all the leaseholders of the building can withhold money for a historic SC item. How should a right-to-management company proceed? I assume the freeholder will not be liable to make up the difference, so […]

Hello, can Property118 please offer some advice: A friend of mine has bought a property only to find it has an abandon order on it which prevents any form of development as all rights have been removed on the property. Has anybody had any experience with this type of order imposed on a property? Any […]

An 8% surge in average annual service charges has left leaseholders across England and Wales grappling with a £1,431 price tag, research reveals, Estate and letting agents Hamptons say the main cause of this increase can be traced back to the implementation of new fire safety measures in 2018. That legislation has led to a […]

Prince William has embarked on a significant five-year crusade in a bid to eradicate homelessness, arguing that such a problem has no place in a ‘contemporary and forward-thinking society’. The royal’s recent journey took him to housing and training initiatives in Brixton, Bournemouth and Newport in South Wales where he sought to gain firsthand knowledge […]

Tenants in London are being warned that they’ll need to gear up for an intense property hunt this summer if they begin searching for a new home to rent. Chestertons says that May saw a 40% surge in tenant inquiries for rental properties compared to April. This marks, it says, the start of what may […]

Millions of renters are feeling the pinch as landlords transfer their rising mortgage expenses to their tenants, resulting in unprecedented rent hikes, housing campaigners say. They warn that the Bank of England’s recent decision to raise the base rate to 5% has far-reaching consequences beyond merely affecting homeowners’ and landlords’ mortgages, potentially sparking a larger […]

Are you serious about replacing your earned income with passive income from property? There are proven ways of reducing the time taken to reach financial freedom. Buying single-let properties won’t get you there, especially with the current high-interest rates, but just three to five HMOs could get you to financial freedom in the next 12 […]

Hello, I’m a new landlord with one property. Can Property118 readers please advise I have not put the deposit in a protection scheme as I didn’t know about these schemes. Is it better to return the deposit as I don’t want to get penalised at a later date if something goes wrong? I’m hoping my […]

Hello, I would appreciate some advice on the process of going to a first-tier tribunal and how to keep costs down as I am already trying to sell the flat to a cash buyer company at a loss. I would really rather not, but due to the lack of management company and cooperation from the […]

Hello, I wish to meet and discuss with the owner matters concerning his/this property, however, the registered owner remains a gentleman who died 13 years ago. The owner died Intestate in August 2010 and the Administration of his estate was begun by his daughter who submitted details at the time to the District Probate Registry […]

Landlords in London and the South East will need to hike rents by a staggering £614 per month to make a profit when remortgaging at present rates. This means that tenants could see their monthly rent leap from £1,498 to £2,112, on average, marking a substantial 41% increase, Hamptons reveals. The estate agency warns that […]

Hello, I have an apartment in Islington which is rented out. Since completion 10 years ago, the managing company has never been able to issue the hot water and heating bills in time. Initially, it was a few months late but now they have yet to issue 2022 bills. One excuse after another. Clever tenant […]

Hi all, I hope you are all well. I have made a mistake on the tenancy and I accidently put that the tenant paid me a £1,000 deposit and that it was protected. That was not the case and I can prove that he did not pay me £1,000 via my bank statement, tenant can […]