Hello, I live a in block of flats where the former freeholder (the company is now dissolved) overcharged the service charges: the percentages we paid added up to more than 100%. The new landlords are fixing the problem but they bought the freehold in 2016. Are they responsible for the earlier overpayments? Our Leases have […]

The government has unveiled plans to give landlords and housing associations the power to evict anti-social tenants who ruin their neighbours’ lives by being drunk and disorderly and persistently noisy. The move follows Prime Minister Rishi Sunak’s pledge earlier this year to clamp down on anti-social behaviour and he says it be treated with the […]

There has been a rise in the availability in chain-free properties in 21 major cities, according to a new report. House Buyer Bureau reveals that chain-free stock availability has increased by 3.4% since June 2022, rising from 36.6% of all available homes to 40%. The biggest stock increase has been reported in Glasgow with a […]

Dear Property118 The latest videos you have published on your Property118 TV YouTube channel were very timely for me because I was on the verge of throwing the towel in following the barrage of bad news for property investors in recent years. Those videos might just have changed my mindset completely. The two interviews I’ve […]

The looming ban on fixed-term tenancies as part of the Renters Reform Bill will cause chaos for both students and landlords in the university rental sector, experts say. According to research by the accommodation platform StuRents, the UK will face a shortfall of around 450,000 student beds by 2025 and if landlords leave the PRS […]

The moment we knew would come has arrived. Interest rates rose this week by 0.25% to a sky high 4.25%. With many landlords trying to avoid panic, it’s hard not to feel like the time to take action, and fast, is now. It’s precisely why two London landlords approached us to tell their story about […]

The updated ‘How to rent guide’ has been published and includes the latest advice for landlords and tenants on renting a property in England. This is the first update since July 2021 and the guide must be issued by landlords and letting agents – and to those tenants who are renewing a tenancy. The latest […]

As the property market begins to cool, around one in 10 home sellers are slashing their asking price within 30 days to attract a buyer, research reveals. House Buyer Bureau says it has analysed property sale stock levels in the last 30 days and what percentage have already reduced their asking price. The research reveals […]

Are you a landlord who it letting out to tenants in direct partnership with the council? 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: What kind of incentives did the council offer you? What has the experience been […]

Scotland has seen its income from the Land and Buildings Transaction Tax (LBTT) on residential sales collapse this year with the first two months down £44.4m. That’s a drop of 36%, compared to the previous two months, research from property firm DJ Alexander Ltd reveals. And now the firm is calling on the Scottish Government […]

Hello, I could do with some advice. I have a restriction on one of my BTL properties in favour of one of my investors, e.g., No disposition of the estate without the written consent of investor X….. The restriction was registered when the investor lent me £50K as a long term investment/loan to my property […]

Hello, I have a mini HMO next door to one of my BTL’s. When someone next door uses the shower a leak occurs in my property’s kitchen ceiling. I have had the pipework in my property surveyed and all is OK. Any suggestions as to how to approach this would be greatly appreciated. Thank you, […]

One in 10 renters say they are currently living with a furry friend in their rented home despite the landlord banning pets, a survey reveals. Researchers questioned 1,000 adults who either rent or have rented a home while owning a pet at the same time. The findings show that 25% of tenants say they’d had […]

The Bank of England’s monetary policy committee (MPC) today voted by a majority of 7–2 to increase Bank Rate by 0.25%, to 4.25%. Two members of the MPC voted to keep the rate the same at 4%. The eleventh-hour surprise was yesterday’s inflation figures going up instead of down mainly due to the recent rise […]

Hello, I have planning permission to build a one unit flat on top of an existing building (I own the flat below). I also have all the necessary legal documents with the Freeholder. I advised the council that the works would start in mid-January – I needed to do this in order to avoid reapplying […]

An independent analysis shows that tax changes in the private rented sector (PRS) have contributed to the loss of £1.5 billion in Treasury revenue. The research was commissioned by the National Residential Landlords Association (NRLA) and carried out by Capital Economics and found that restrictions in mortgage interest relief have contributed to there being 1.2 […]

Hello, After setting up a property development company, my first project was a large extended terraced house. The property was in poor condition and I was fortunate enough to buy it cash. I was granted permission to convert it into two flats which I intended to keep and rent out. Once the conversion work was […]

Hello, Just had a tenant report an issue with a Saniflow toilet a week after moving in (blocked by a rag – tenant has 4 year old child!). I then looked to the inventory to ascertain that it had been in working order prior to the tenant taking possession, only to find that inventory clerks […]

Time is running out for England’s landlords to meet the Government’s proposed deadline to improve rental property EPC ratings to a C, one homebuying firm says. The Open Property Group says that just 41% of homes in England meet the recommended Energy Performance Certificate (EPC) rating of ‘C’ or above – up 1% from last […]

Tenants in the UK have seen their private rents rise by 4.7% in the year to February – which is still below the annual rate of inflation. The figures from the Office for National Statistics (ONS) show that rents rose by 0.3% from January and the annual percentage change is the largest recorded by the […]

The average UK house price fell 1.1% between December and January, the latest Office for National Statistics (ONS) house price index reveals. However, the average price was £289,819 – 6.3% higher than in January last year. Using data from HM Land Registry, the ONS says that the average price of a new home climbed 6.7% […]