Landlords wanting to evict non-paying tenants in arrears are facing extended delays and increased costs because the UK court system has a significant bailiff shortage, one organisation warns. And the situation will worsen as a ‘landlord panic’ will spark more evictions as the abolishing of section 21 ‘no fault’ evictions gets nearer. The Ministry of […]

Are you a landlord who is renting out a holiday let? Then, Alexa Phillips the personal finance reporter for the Telegraph would like to speak with you. Alexa would like to speak to Property118 readers about how to build a good business using Airbnb/vrbo/sykes and other platforms. She would also like to know: How many […]

The Mortgage Lender has revamped its residential and Buy-to-Let (BTL) product offerings. There’s a diverse array of fee choices within the core BTL products, featuring 75% LTV 5-year fixed rates commencing at 5.49% and 2-year fixed rates kicking off at 5.94%. Other options are available to HMO, expats and Holiday and short-term lets. For its […]

Hello, Can anyone tell me what the court fee is for an accelerated possession claim? I’ve googled this and am getting different amounts listed for court fee! Can someone enlighten me? This is for Possession Claim Accelerated procedure following an S21 notice. The court will be City of London. I need to write the amount […]

The property auction hotspots where landlords and investors could potentially snap up a bargain or enjoy a quicker transaction have been revealed. Digital home information pack provider Moverly has examined the percentage of auction stock compared to all homes on the market to gauge how important property auctions are in those regions. It found that […]

Storm clouds are looming over the UK’s property market with some good news being overshadowed by potential interest rate hikes and landlords looking to leave the private rented sector (PRS). The Royal Institution of Chartered Surveyors (RICS) says that house prices and agreed sales – along with buyer demand – have fallen again, although it […]

So imagine this scenario you have a tenant that’s been with you for five years. Always paid rent on time, no problems, keeps the place well – the ideal tenant. BUT NOW the tenant’s maintenance payments for their child will end and they will no longer be able to afford the rent. The rent is […]

The average house price saw no change (0.0%) in May, following a drop of 0.4% in April, Halifax reports. Its latest house price index does, however, show that the annual rate of house price growth saw a decline of -1%, compared to a 0.1% increase in April. This marks the first annual fall in house […]

What are bridging loans and when you should consider taking one? Bridging loans are a form of short-term finance that property investors in the UK market may consider when they require funds quickly to take advantage of an opportunity or overcome a challenge. Bridging loans are secured by the purchased property and are usually repaid […]

A shocking survey reveals that 43% of electricians and gas engineers have been asked by clients – including tenants – to illegally tamper with their electricity or gas meters to reduce their energy bills. The findings from Direct Line business insurance highlight that as energy prices continue to rise, more people are resorting to these […]

As the Welsh Government unveils its Green Paper to address adequate rented housing and fair rents, the National Residential Landlords Association (NRLA) is calling on landlords to make their views known. It says that everyone concerned with housing matters should voice their opinions on shaping the destiny of the private rented sector in Wales. The […]

With 168 pieces of legislation in place and with more to come, landlords are turning to letting agents to help guide them through turbulent times. A good letting agent can help provide peace of mind to a landlord and offer different services to help manage a property. This Property118 investigation highlights the services letting agents […]

In 2010, Manni Chopra took a sabbatical to pursue a career in property. She set up her own business, Chopra Property Group, which has now acquired property worth more than £5 million in London and the South East. Manni has now won the HMO Property Deal of the Year (six rooms or less) award for […]

In an effort to increase the availability of affordable housing for rent or purchase in rural regions, the government has announced plans to establish a network of ‘Rural Housing Enablers’. These enablers, backed by £2.5 million in funding, will serve as intermediaries between developers and communities, assisting with site identification that has local support and […]

Paragon Bank has enjoyed an impressive 19% surge in buy-to-let lending during the first half of this year, reaching £1 billion. The specialist lender says that the growth is down to the strong demand from landlords following the mini-Budget. The bank’s BTL pipeline reached £810 million by the end of May. Paragon says it remains […]

Property educators across the UK are invited to the first national Property Educators Summit organised by the Property Investors Bureau. The Summit aims to improve standards, foster collaboration, and add value to the businesses of all attendees. The event will provide property educators with an environment to engage in discussions, share insights, and explore innovative […]

Hi all, I am in the process of selling my mother’s house, which is empty and have had a prospective buyer since March. However, there have been some problems regarding the sale and this has caused the transaction to take much longer than usual and may still take another 3 to 4 months for completion. The […]

Hi, I’ve just had this in a letter from our letting agents… “Renewing your EPC isn’t legally required at this point, however, there have been cases where courts have queried an out-of-date EPC during possession proceedings, with possession not being granted or delayed, due to the EPC being out of date.” Has anyone any knowledge of […]

A growing number of UK homeowners working overseas are finding themselves grappling with skyrocketing mortgage rates when renting out their properties, the Financial Times reports. The newspaper says that these individuals are often required by lenders to switch from standard residential loans to ‘consumer buy-to-let mortgages’ – usually at higher interest rates. In recent months, […]

Landlords are being warned that the proposed Renters’ Reform Bill means understanding the new rent review procedure or risk not imposing a rent rise, an expert warns. Lucian Cook, the head of residential research at Savills, says that while the new law will safeguard landlord investments, it will also mean taking a fresh approach to […]

Hello, A friend of mine lives in a block of three flats. The communal front door does not have any locking system which seems unbelievable to me these days. She and one of the other owners would like an entryphone system fitted for security reasons. The third owner is against the idea but doesn’t say why […]