Apparently, the private rented sector (PRS) needs to be repurposed to create a new generation of social homes, according to a charity think tank.  The report from the New Economics Foundation (NEF) says that private rented property should be “acquired” and used for social housing. The NEF says it will explore how councils can use […]

Average UK house prices reached £294,000 in December 2022 – £26,000 higher than 12 months ago, according to the Office for National Statistics (ONS).  The latest UK House Price Index from the ONS revealed average UK house prices have increased by 9.8% in the last 12 months to December 2022, down from 10.6% in November 2022. […]

The top five UK home builders are likely to be disproportionately hit by hefty taxes, according to Bloomberg Intelligence.  Large UK home builders such as Taylor Wimpey, Bellway and Berkeley are likely to be hit by heavy taxes (80% of the industry levy) for fixing apartment-building safety issues, on top of costs to fix their […]

Yet another reason to sell up. My deposits have just ruled that unless a landlord has a court order they cannot be awarded money from a deposit to pay towards legal costs! My Deposits has awarded in favour of my ex-tenants by giving their money back even though they withheld rent twice over 2 years, […]

Are you ready to sell your investment and move on to other opportunities? If so, we have the solution for you. We are a team of real estate professionals, dedicated to helping landlords sell their properties quickly and efficiently. We understand the unique challenges that come with selling rental properties, and we have the expertise […]

I hold the registered title of Absolute Guarantee to long residential Under Lease to flat and parking space. The residue of the Superior Lease transferred by the Developer to the Right to Manage Company (RMC) a registered limited company subject to a trust in which Leaseholders are Unitholders each hold a £1 paid-up share and […]

A third of private landlords with a buy-to-let mortgage face the prospect of higher costs this year, according to the National Residential Landlords Association (NRLA).  The Bank of England has warned that by the end of the year, monthly repayments for buy-to-let landlords are expected to rise by £175. A fifth of landlords with such […]

The housing market has seen a positive start to 2023 according to recent research from Rightmove and TwentyCi. Rightmove’s latest price index showed the average asking price for a property jumped 0.9% in January, up £3,301 from the month before. The Office of National Statistics (ONS) showed house prices were up 10.2% in the year […]

Over half of fraudulent rental applications in 2022 involved fake or doctored pay slips, according to new research.  The findings from Goodlord analysed 300,000 tenancy applications submitted by people looking to rent homes in 2022. Whilst only a tiny fraction – just 1 in 1,000 – of these applications were proved to be fraudulent, 54% […]

The South-East is home to the highest proportion of asking price reduced properties, according to new research.  Quick-buy firm House Buyer Bureau, says 21% of properties in the South-East are being reduced in price by almost 20%. The firm analysed the latest statistics on asking price reductions across the market in Britain using figures from […]

The managing agent I have been using on a Full Management basis is dragging its feet in making a deposit claim. It is now declaring that in order to present the statutory declaration there will be charges to be paid to them. This does not include any legal fees to have it witnessed although I […]

Landlords do not ‘systemically discriminate’ against tenants, according to a new Home Office report.  The government has published the findings of a evaluation into the operation of the Right to Rent Scheme. The scheme requires landlords of privately rented accommodation to conduct checks on all new tenants to establish if they have a legal right […]

We are in dispute with a tenant that upped and left over a mouse in the house. That’s another story. However, they failed to read the meter on leaving and the electrical company have refused to refund them. They demanded we pay their electric bill and return their deposit. We have no record of a […]

Are you a landlord who has recently experienced difficulties regaining possession of your property? Then, Alexa Phillips, personal finance reporter for the Telegraph, would like to speak with you. Alexa wants to talk to Property 118 readers about: Which eviction process did you use (eg section 21 or section 8)? What are the challenges you […]

S.8 Notice was hand delivered and also posted 1st class, proof of postage and pictures showing delivery by hand were submitted. The Duty solicitor quoted Enfield v Devonish (1996, CofA) which the Judge had not heard of and was clearly frustrated and said it is not in dispute that the notice was served but there […]

We are all feeling the effects of Section 24 and there is definitely some comfort in sharing the warmth and knowing you are not alone. I am always interested to hear stories of how much things have changed for our clients over the last few years and more latterly this has obviously centred largely around […]

High price rises in rental sector to continue in 2023 but signs show it may soon slow down, predicts agency chief.  Figures point to a loosening of supply constraints that have been driving record rental increases. Rightmove reports the number of available homes to rent in the final quarter of 2022 was up 13% with the number of new properties to […]

I currently find myself in quite an unusual situation, please could I kindly ask what, if any experience, do the readers have of this? My Tenant of 4 years has given notice to end the tenancy.  The original letting agent closed their offices in the town some 3 years ago, the company went into bankruptcy […]

There are six Government-approved Client Money Protection (CMP) schemes available to agents including one run by Propertymark The insurance schemes are designed to reimburse landlords and tenants if client money is stolen by a third party, lost, a letting agency misappropriates it or the business goes into administration. The Government made it compulsory for English […]

We’re pleased to announce yet another addition to our ongoing series with Alphaletz, the Property Management Software for Landlords. If you’re considering moving your properties into a limited company for whatever reason, you’ll find this webinar incredibly helpful. We’ll talk about how this can be done, taking the necessary steps, and avoiding all the shortfalls […]

If you are an ethical landlord with concerns about how the private rented sector is viewed and care about your tenants, then the Association of Professional Property Investors (APPI) could be for you. The organisation’s Michelle Montgomery says there is a need for ethical landlords to work together to change the perception of the sector […]