Page 325 – Property118
pic of tenancy agreement accelerated process for eviction property118.com

Accelerated Process – solicitor says no!?

26th January 2023

Hello, a S21 was issued to a tenant with expiry in mid Dec. I then contacted my insurance to progress the accelerated process. They contacted the legal company that I have cover with as part of my policy. They have come back to me stating S21 is deemed invalid and that they will not progress […]

rent prices increased property 118

Housing crisis for renters as market shifts

26th January 2023

While there are homes to buy, tenants will struggle to rent due to a lack of rental stock and high demand, new data shows. The information and marketing services company TwentyCi has published its End of Year Summary Report for 2022 which reveals that the residential lettings sector has seen a significant decrease in the […]

Rent rises in Scotland and London outstrip inflation

26th January 2023

Rents continued to rise in the last quarter of 2022 with tenants in London and Scotland seeing their increases outstripping inflation, The Deposit Protection Service (The DPS) says. The country’s largest protector of deposits reveals that average rents reached £903 in the last quarter – an increase of 1.57% (£14) since the previous quarter. However, […]

woman student rent reform student accommodation property118

Plans for rental reform will ’cause chaos for students’

26th January 2023

‘The future vitality of the education sector is uncertain.’ That’s the warning from several organisations after plans by the government to reform the PRS run the risk of making it more challenging for poorer students to enter higher education. The National Residential Landlords Association (NRLA), Universities UK and the British Property Federation are among those […]

Landlords are taking action as tax bills and refurb costs rise above rent yields

25th January 2023

The festive period is over, and as we head towards the second month of 2023, the year has well and truly begun. For many landlords, 2022 was a mixture of tough decisions, calls to action, and the realisation of a potentially rocky road ahead. After years of profitable property portfolios, landlords started to feel the […]

‘Game changing’ Save to Buy scheme?

25th January 2023

So scrolling through Facebook, Insta or TikTok you’ve properly been bombarded with wanna-be gurus reciting the power points of the developer field views website on this new ‘groundbreaking’ SAVE TO BUY scheme (Side note) why do these people think reading word for word off a website, is a valid ‘opinion‘ to their viewers? I’ve never […]

Rent price increases easing

Where are the most affordable places to rent?

25th January 2023

The current turmoil in the rental market shows no signs of slowing down with UK rents in the fourth quarter of 2022 hitting an all-time high, increasing 13% year-on-year, according to a new survey. The flatshare site, SpareRoom, has revealed that for the first time ever room rents in Greater London exceeded £900. But London […]

Disabled Tenant In DESPERATE Need of Good Advice

25th January 2023

I consider my landlord to be a perfect Gentleman and have been renting the same property for nearly two decades without any issues whatsoever. That was until I received the letter below from him a few days ago. I don’t know how to respond or what my options are. This is the text of the […]

london,buy-to-let property 118

Revealed: The UK’s best buy-to-let areas

25th January 2023

Landlord insurance provider Simply Business has researched the buy-to-let areas that are most popular with landlords. It says that London is still the best city for buy-to-let landlords for the second year running. The firm says that more than 39,000 BTL insurance policies have been taken out in the capital. Birmingham and Manchester continue to […]

condenstion on flat window tenant landlord new build property118

Damp and mould in new build flat?

25th January 2023

Hello, A friend bought a 1-bed new build flat in Southampton for her daughter to live in while at university. She graduated 3 years ago but the flat has been empty because of severe condensation and mould which make it un-lettable. She’s been hit with double council tax without any rental income. She has tried […]

Pic of house and insurance and keys landlord insurance property118.com

What happens to my landlord insurance?

25th January 2023

Hello all, I have a question regarding the setting up of a limited company and transferring the only rental I have into it. What happens to the current landlord insurance I have got in place? I am the sole director of the company. I guess I can consider myself still a landlord since the property […]

42% of landlords claim they will buy property in 2023

25th January 2023

More than four out of 10 buy-to-let landlords (42%) intend to buy additional property this year, a survey reveals. The findings from Landbay highlights that despite the ongoing pressures on landlords, 79% of landlords wanting to buy say they don’t plan to sell any of their existing properties. The strongest intention to invest came from […]

elegraph logo used in rebuttal to article on landlord tax structures

Daily Telegraph wants to talk to landlords who have sold any buy-to-let properties

24th January 2023

If you are a landlord who has sold any buy-to-let properties and invested funds in savings bonds, which now pay higher rates, Alexa Phillips, from the Telegraph would like to speak with you. Alexa would like to know: When you sold the property or properties in question? When you put money into savings bonds? Please […]

elegraph logo used in rebuttal to article on landlord tax structures

Daily Telegraph wants to talk to landlords not raising rents

24th January 2023

Are you a landlord who is not raising rents on some or all of your properties? Then, Alexa Phillips, the personal finance reporter for the Telegraph would like to speak with you. Alexa would like to know:  What was behind your decision on not deciding to raise rent ? When did you make this decision? […]

House sales fell by 3% in December, HMRC says

24th January 2023

The latest data on the UK’s house sales from HMRC reveals that numbers dipped by 3% month-on-month in December 2022 with signs that rising mortgage rates impacted transactions. The figures show that 101,920 homes were sold in December 2022 – which is 1% higher than in December 2021 but 3% lower than in November 2022. […]

Petition against S24 – What are NRLA doing?

24th January 2023

Hello, The petition against S24 is gaining momentum and needs more fuel to engage everyone to sign up. Please contact your local estate agents to spread the word and ask if they can put a poster in their windows. It would be good if someone can produce and share one for us all to use. […]

Volume of lettings instructions in the UK between 2016 and 2023 property118

Rented home supply drops sharply as landlords flee the PRS

24th January 2023

There has been a ‘significant’ drop in the supply of rental accommodation as landlords have sold up because of increasing regulation, research reveals. According to TwentyEA, the supply of homes to rent fell by 8% year on year in 2022 and by 25% since 2019. The findings also highlight that tenant demand for rental homes […]

man painting a mould party wall property118.com

Party wall problems?

24th January 2023

Hello, Has anyone had this problem? We own a bungalow which we rent out, the tenants are very very good. They have told me they have mould on the adjoining wall, they have mentioned before the wall was very cold. Now the mould is getting worse and they took pictures of the attic which is […]

Leading landlord slams council’s plea not to put up rents

24th January 2023

A new selecting licensing scheme is to go to the government for approval – but councillors don’t want landlords to add the licensing fee to a tenant’s rent. That’s the call from Nottingham City Council which says it ‘does not believe landlords will need to increase tenants’ rent to cover the cost of a licence […]