Page 306 – Property118

Lender offers £1,000 landlord cashback deal for improving EPC levels

21st June 2023

In a pioneering move, one buy to let specialist lender says it will offer a £1,000 cashback incentive to landlord borrowers who upgrade their property’s Energy Performance Certificate (EPC) level to C or above. This limited-edition feature applies to Fleet Mortgages’ five- and seven-year fixed-rate products, excluding Green options, and is valid for completions from […]

Property Investors Awards – Property Investor of the Year Max Scott

21st June 2023

Max Scott’s journey began in 2013 when he decided to spend some of his savings on a year’s property investment training programme. Now his firm, Star Property Group, has a portfolio that has grown by £30 million in the last 12 months and Max is the managing director – and now the winner of the […]

Sadiq Khan’s Ulez plan will hammer London’s property prices

21st June 2023

Landlords and property investors are being warned that a plan by the Mayor of London, Sadiq Khan, to introduce an Ultra-Low Emission Zone (Ulez) expansion could put the skids under house prices. A study by London-based estate agents Benham and Reeves has found that the Ulez expansion is already putting a damper on property values. […]

How to dispose of tenants’ building materials in communal hall?

21st June 2023

Hello, there is a tenant who has repeatedly used the ground floor communal hall in the block to store large pallets of building materials for his wood floor laying business for weeks on end. The lease for the long leaseholder excludes storage of anything in the communal hall. The tenant takes no notice of warning […]

Planning refused HMO permission – he did it anyway!

21st June 2023

Hello, I’d be really grateful for suggestions on what I could try next – Neighbouring property applied to planning for a change of use from residential to HMO (we’re an Article 4 area) and the council quite rightly, refused two times. Subsequently, the same owner went ahead and did it anyway and even registered for […]

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Leaseholder refusing to pay after Section 20 process?

21st June 2023

Hello, we have roof repairs to undertake and have notified leaseholders through the Section 20 process this process is completed. There were no responses during the consultation process. After this, we have received payment from the leaseholders except one, who subsequently on the request for payment has then listed objections and is refusing to pay. […]

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Landlords continue selling up – but it’s not an exodus

21st June 2023

There is a consistent stream of private landlords leaving the UK’s property market – and it has been a steady flow since 2018 – but it is not an exodus, Zoopla says. The property platform says the overall number of privately rented homes has remained unchanged since 2016, thanks to increased investments from corporate landlords […]

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Welsh Minister supports tax review proposal for the PRS

20th June 2023

The Welsh Minister for Climate Change, Julie James MS, has expressed her support for the National Residential Landlords’ Association (NRLA) proposal to conduct a comprehensive review of taxation in the private rental sector (PRS). The endorsement came during the launch event of NRLA’s State of the Welsh Private Rented Sector report, and she says suggestions […]

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Rising interest rates threaten 26% of homeowners with mortgage defaults

20th June 2023

A study has exposed the vulnerability of millions of homeowners who may face mortgage defaults if interest rates continue to climb. Moneyhub’s research indicates that 26% of homeowners with a mortgage could struggle to make their payments if there were another rate hike. The study also found that 35% of these homeowners are worried about […]

Pic of short term lets in London crackdown on landlords urged property118

Crackdown urged on London’s surging holiday lets

20th June 2023

A report revealing a significant increase in second home registrations in London has prompted leading figures to call for government intervention in the holiday lettings market. The data, collected by Generation Rent, indicates that the number of non-primary residences in the city has rocketed since 2019. And that’s despite pandemic-related travel restrictions and shifting domestic […]

Pi of BTR building site in UK landlords in BTL property118

BTL landlords will be ousted as City investors move in

20th June 2023

As small buy-to-let landlords struggle to keep up with increasing interest rates, a wave of City investors is stepping in to fill the gap in the rental market, one property consultancy says. The firm, JLL, is predicting that within the next three years, the build-to-rent (BTR) sector will double in size, making up 20% of […]

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Rent increase during assured shorthold tenancy?

20th June 2023

Hello, like thousands of others, the monthly interest payments on my one and only rental property have more than doubled since this time last year, and regrettably, I feel I now need to pass some of this cost on to my tenants via a rent increase. They are now paying well below the market rate […]

Stop, read, contact – if you don’t there is a cost of delay!

19th June 2023

Unless you’ve been travelling around on Jeff or Elon’s space rockets recently, you would not have missed the chaos and turmoil in the mortgage market. In just the last week or so, major lenders pulled all of their products from the market and did not replace them straight away. And when they did, yes, you’ve […]

Landlords encouraged to sell this month as property prices rise by 0.2%

19th June 2023

In a market where interest rates are sky high, tax bills are extortionate and mortgage payments are higher than rents, coupled with a backlog of refurb costs and difficult tenant situations, landlords are rushing to cash in and sell their property portfolios. If you were a landlord on the fence about whether or not it’s […]

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Property ownership questions?

19th June 2023

Hi, I am unsure of what actions we as a family need to take in the situation we are in now. I bought a property in 2009, transferred it to my two children 50/50 in 2010. However, I continued to manage the property, and both children received regular rent in their joint account and they […]

“To Let” sign outside residential houses reflecting UK rental market challenges

Buying my first HMO – planning permission question?

19th June 2023

Hello, I’m considering buying my first HMO in an article 4 area where C4 planning is required. If the property I buy is already used as a HMO and has been since before article 4 came into place, would I still need to obtain C4 planning permission? Thank you, Josh

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Mis-sold Rent 2 Rent – now an investment loss?

19th June 2023

Hello fellow landlords. A year ago I was sold a ‘fully hands off’ rent-to-rent 5 year lease on a property to run as serviced accommodation, the ‘sourcing fee’ was paid to an investment arm of the letting agent which would be also acting as the Landlord in the agreement and charge a management commission fee. The […]

Housing experts and charities call for EPC deadline for the PRS

19th June 2023

The Chartered Institute of Housing (CIH) has teamed up with a group of charities and consumer organisations, dubbed ‘Warm this Winter’, to encourage the government to decide on a deadline for the implementation of EPC rules for the private rented sector (PRS). The Public Bill Committee is currently scrutinising the Energy Bill and it is […]

Council urges landlords to apply for licences – but only dishes out 9% so far

19th June 2023

Private landlords in one city who have not yet applied for licences to rent out their homes are being urged to act quickly despite the council only processing just over 9% of applicants. Oxford City Council introduced a selective licensing scheme in September 2022, requiring all privately rented homes to obtain a licence. This is […]

Mortgage rate rises cause summer slowdown

19th June 2023

Average new seller asking prices fallen for the first time this year, the Rightmove House Price Index reveals. New seller asking prices fell by £82 this month to £372,812. The House Price Index for June reveals, despite increases in mortgage interest rates over the last few weeks, that buyer demand is holding steady but there […]

pic of blocks showing a rent rise for a tenant property118

Legal limits for rent rise?

19th June 2023

Hi all, I’m renting a one-bedroom flat in London for £1000 a month. The tenant has been there for seven years, and I have not raised the rent in that time. I am advised the current market value for the rent is around £1450 per month. Next summer, the mortgage will increase by up to […]