Page 308 – Property118
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Every social housing resident will get training on their rights

19th April 2023

Every social housing tenant is to receive ‘Watchdog’ style training on how to hold their landlords to account as part of a new scheme. From free advice on addressing damp and mould to webinars on how to complain about anti-social behaviour, the government-funded training programme will share information like that handed out by TV shows […]

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Daily Telegraph wants to talk to student landlords

19th April 2023

Are you a landlord who rents to students or used to rent out to students? Then, Alexa Phillips, the personal finance reporter for the Telegraph would like to speak with you. Alexa would like to talk to Property118 readers about: What are the challenges facing landlords renting to students? Are there onerous licencing rules in […]

Pic of landlord looing at short term and holiday lets property118

Short term/holiday lets?

19th April 2023

Hello, The rent from services like AirBnB are far higher than regular rentals. I estimated I’d only need to have my property occupied for around 1/3 of the year to make the same rent that I’d get for longer term rents. But, the costs are higher – regular cleaning, provision of towels/sheets etc, providing and […]

Two months rent in advance?

19th April 2023

Hi, in the last few years, I have stopped taking tenancy deposits in the fear of breach of compliance. Nonetheless, as a result of adopting to aforesaid practice, I have had instances, where tenants abandoned properties or left properties without giving any valid notice or they have left the property with piled-up rubbish. I have […]

Lloyds Bank slams landlords as it creates new lettings agency

19th April 2023

Lloyds Bank says that because landlords offer ‘poor and exclusionary practices’, they are teaming up with the homeless charity Crisis to start a new lettings agency. It says the new venture ‘will be fair for tenants and fair for landlords’. The bank says that homeless people won’t be asked to provide rent in advance, and […]

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EPC confusion and work to carry out?

19th April 2023

Hello, I see information that states landlords must improve their let properties to EPC C levels by 2025 and then I see it is changed to 2028 and then I see that it hasn’t actually been determined. Does anyone have the actual facts on this matter please? If we do need to ensure all our […]

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When is a rogue landlord, not a rogue landlord?

18th April 2023

We often see the term ‘rogue landlord’ bandied about, but a story last week got me thinking: When is a rogue landlord, not a rogue landlord?’ It would appear that most people would think it was a term to describe a landlord who let a home without a roof, didn’t fix a leaking gas pipe […]

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

NRLA says Government is clueless over housing benefit freeze

18th April 2023

The National Residential Landlords Association (NRLA) has hit out after the government revealed it has not tried to calculate how many people cannot pay their rent because of the freeze on housing benefit rates. The admission has been made by the Work and Pensions Minister, Mims Davies, in response to a parliamentary question. The news […]

Transferring Inherited property straight to Limited Company?

18th April 2023

Hi, I’ve inherited a house from my stepmother and I’m considering letting it. I’m a higher-rate tax payer and as I’d rather not hand over 40% of all my rent to the tax man, I’d like to use a Limited company to ‘own’ the property, but, I think I may have to pay stamp duty […]

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Landlords misusing section 21 notices is ‘overstated’

18th April 2023

Claims that landlords are misusing section 21 notices – the ‘no fault’ eviction process – are unfounded, one firm says. Estate agents Leaders Romans Group (LRG) says it has carried out research and found that Section 21 is rarely overused, and even more rarely misused. The firm says that a controversial change being planned in […]

Landlord reviewing a property management contract before signing termination terms.

Landlord agent contracts?

18th April 2023

Hello, I have a nice studio flat in Balham and am trying to find a decent agent to show the flat and find a single professional to let it. Management is not needed. The agents have boilerplate one-sided contracts that I can’t sign. I would like to create a decent but simple contract that would […]

Tenants warned that rent hikes are coming

18th April 2023

Landlords haven’t yet passed on their rising mortgage costs to tenants, but that could be about to change, research reveals. Estate and letting agents Barrows and Forrester warn that tenants could be facing a sharp increase in their rent bills as landlords battle soaring buy-to-let mortgage costs. The firm has analysed the average monthly cost […]

How to Get a 12 Week Deposit

17th April 2023

We’ve heard it all too often, you come to the end of the tenancy and the rent arrears and dilapidations exceed the deposit held.  You’ve now got to claim the full deposit through the ADR procedure and you are either left out of pocket or have to pursue the tenant through the courts for the […]

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Early BTL investors are retiring and selling up

17th April 2023

Most BTL investor sales are from those landlords who were among the first to invest after buy to let mortgages were launched in 1996, research reveals. The findings from Hamptons show that landlords are now retiring and selling up in increasing numbers – and the number will rise over the coming years. The estate and […]

Council unveils clampdown on rented homes with poor EPC rating

17th April 2023

A clampdown on landlords who are renting out homes with worst performing energy efficiency ratings could be facing £5,000 fines, one council says. The move will see landlords in Shropshire being issued with a Compliance Notice to improve the energy efficiency of the worst-performing privately rented homes in the county. From 1 April 2020, landlords […]

pic of house with an epc rating of c landlords london tenants property118

Tenants in the capital will be most affected by EPC changes

17th April 2023

Renters in London will be the worst hit by the government’s proposed energy performance certificate (EPC) laws, research reveals. That’s the view of data science firm Outra which says that tenants will have to leave unlettable properties if the government imposes a minimum EPC rating of C by 2028. There’s also a risk that landlords […]

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Propertymark calls for council tax reforms

17th April 2023

A leading industry body has called on the government to change council tax housing banding for HMOs. Propertymark has submitted a response to the Department for Levelling Up, Housing and Communities’ consultation arguing that HMOs should be banded as one property under one council tax band, rather than the individual rooms. The current system allows […]

pic of roof being repaired leasehold freehold landlord property118

Charging leaseholder for repairs?

17th April 2023

Hello, I own a maisonette flat – there are two flats and I am the freeholder. The leaseholder moved into the downstairs flat two years ago and seems a nice guy. I will be having a discussion with the leaseholder soon as the roof and fascia of the property needs to be replaced since the […]

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Room rents reach record high in London

14th April 2023

For the first time ever there’s not a single London postcode with an average monthly room for rent at less than £700, new data reveals. The findings by flatshare site SpareRoom reveal that average monthly room rents in the capital have now soared to £952, up 20% year-on-year. There are now more than 30 postcode […]

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How Technology is Reshaping Property Management

14th April 2023

Managing BTL properties can sometimes be a complex and challenging task whether you’re managing a small portfolio of 3 properties or 15. Keeping track of your tenants, utilities, recurring payments, and cash flow can be overwhelming. Fortunately, property management technology is available these days to make this task more manageable. Here are some of the […]

property prices, rents,

Flat sales help propel the market back to pre-pandemic levels

14th April 2023

The popularity of buyers investing in flats is helping to propel the housing market back to its pre-pandemic level for the first time since September, research reveals. And, according to Rightmove, sales are now just 1% behind March 2019. The sales of flats are 10% higher than they were in March 2019, with London buyers […]