Page 331 – Property118
Bathroom work not completed property118.com

Work not completing on time?

9th January 2023

Hi, I have provided a job for bathroom renovation. The guy took a huge advance of £3,000 two weeks starting work to order materials. He initially said it will be completed in 5 days. But he started and did not come for 3 days and cited various reasons. In 11 days over 3 week period […]

covenant explanation deed of property118.com

Lodger or not a lodger?

9th January 2023

Hi everyone, In 2010 my mother gave me the family home (transfer of equity) the solicitor at the time suggested adding a covenant to affect that I couldn’t evict my mother when the transfer was complete. This was never my intention. Fast forward to 2017 when I met my girlfriend. I moved into her home […]

House sale profits exceed £100k for the first time

9th January 2023

Despite a slowing market and a recent drop in prices, it has been revealed that house sellers are racking up more than £100k in profit for the first time. The figures from Hamptons show that for 94% of sellers who sold up last year, they sold for more than they had paid – and they […]

Rents fall by £1 but tenants look set to struggle

9th January 2023

The rents for new tenancies in the UK fell in December for the first time in more than a year, figures reveal. According to HomeLet, the average rent dropped 0.1% – or £1 – since November to £1,174 – though every region continues to see annual rent price growth. Tenants in London saw rents fall […]

Plumber repairs landlord's boiler nrla property118.com

NRLA unveils tie-up with YourRepair

9th January 2023

The National Residential Landlords Association (NRLA) has launched a new partnership with a leading provider of flexible boiler and emergency cover, YourRepair. As a result, NRLA members will be able to get comprehensive boiler cover enabling them to call on YourRepair should they need urgent assistance. In addition, members will also benefit from a discounted […]

Meet Mark Smith (Barrister-At-Law) Landlord tax planning strategies – PPN Stratford

6th January 2023

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers, will be presenting in person an overview of several landlord tax strategies at the Progressive Property Network Stratford meeting Tuesday 10th January. Workable, 19th Floor 1 Westfield Avenue, Stratford London E20 1HZ Welcome to PPN Stratford! Our PPN in Stratford is a unique […]

Important news about property investment in 2023

6th January 2023

In 2023, many investors will choose to give up, and sell up, before they run through their cash savings entirely, and that’s without mentioning the recession, falling house prices (coming soon), and rising rent prices (happening already). What does this mean for property investors? Beyond the doom and gloom, there’s a lot to get excited […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

Landlords: Give this article about future renting problems to your tenants

6th January 2023

As the headline says, landlords who want to explain just how difficult life is right now to their tenants should give them this article. For tenants who believe we should have a rent freeze and all landlords are evil, then be prepared for a shock. It’s a new year and we can expect critics to […]

property prices, rents,

The UK’s house price hotspot is revealed

6th January 2023

According to Rightmove, average asking prices for homes were 5.6% higher across Great Britain at the end of 2022 than they were at the same time in 2021 – but one area did exceptionally well. In a list dominated by towns in the South East, it was a small town in Nottinghamshire that picked up […]

council tax bill resolving landlord or tenant liability property118.com

Council tax liability?

6th January 2023

Hello, My tenant had a two years AST but she left after 18 months. The council made her liable for council tax and she appealed. I was not involved in the tribunal hearing. She won the appeal saying the landlord agreed to end the tenancy, which I did not. The council then put the council […]

Letting agents predict 2023 will be tough for tenants

6th January 2023

The private rented sector (PRS) will endure a tough 2023 with rising rents and more tenants falling into arrears, the UK Association of Letting Agents (UKALA) warns. A survey of 1,100 members in England, Scotland and Wales is predicting that tenants will find the next 12 months increasingly difficult with 79% of agents predicting that […]

The UK’s house prices continue to fall

6th January 2023

Average house prices in the UK have fallen for the fourth consecutive month with the prospect that an annual price fall is likely, Halifax reports. In December, average house prices fell by -1.5% and the annual rate of growth dropped to +2.0%. According to the data, the average UK property now costs £281,272, that’s down […]

Bernie Wales: Why leasehold law is never boring

5th January 2023

He’s a well-known character among landlords and for anyone interested in leasehold property management, he is the ‘leasehold guru’. And with 40 years of experience in the sector, Bernie has built up lots of experience. He also warns that many leaseholders will need to take note of a new law taking effect that could have […]

tenant demand in england women renter property118.com

Cost of living crisis hits rental demand

5th January 2023

Tenant demand is starting to fall across England with some areas seeing demand falling by up to -29%, research reveals. The findings from lettings and agent, Barrows and Forrester, show that renter demand in England is currently sitting at 33.9% – after a quarterly drop of -12% between Q3 and Q4 of 2022. Bristol saw […]

Rental market remains steady with high demand

5th January 2023

The lack of homes to rent and strong tenant demand has helped the rental market remain steady in December – though rent prices fell slightly, Goodlord reveals. December is usually the quietest month in the year and voids have remained unchanged. In six of the seven regions monitored by Goodlord, there was a small decrease […]

property prices, rents,

Record number of sellers leads to a ‘Boxing Day bounce’

5th January 2023

The number of new sellers putting their home on the market on Boxing Day leapt by 46% compared with the year before to set a record, Rightmove says. There was also a big jump in the number of sellers wanting their home valued between Boxing Day and New Year’s Day – the highest recorded in […]

Energy-inefficient homes a turn-off for renters

5th January 2023

More than half of renters say they would avoid an energy-inefficient property if it had an EPC rating of D or below, a survey reveals. The findings from Shawbrook Bank show that 58% of private tenants would not rent an energy-inefficient home and there is a ‘significant knowledge gap’ about what EPC ratings are and […]

Demand for London’s rental homes is ‘unseasonably high’

4th January 2023

Tenant demand for homes to rent in London is ‘unseasonably high’ but rent rises are beginning to slow down, one agent reveals. According to Chestertons, they saw the first signs of the capital’s rental market cooling down in October – and their November data proves this trend. They say that the number of landlords reducing […]

Pic of a leasehold hall being flooded landlord leaseholder property118.com

Freeholder responsible for costs after flooding?

4th January 2023

Hi, I moved into a block of leasehold flats last year and I’m reaching out for a neighbour but also for myself. Several years ago there was some flooding in a room (considered to be a cleaning room, residents don’t have access to it – only the freeholder) which resulted in an adjacent front door […]

Two more lenders reveal their New Year BTL offerings

4th January 2023

Landbay and Accord Mortgages have revealed new products and rate cuts to help landlords looking for buy to let mortgage deals. First up is Landbay with news that it is re-releasing a Special Edition five-year fixed rate buy-to-let mortgage range offering a choice of interest rates and fees. Having launched a Special Edition limited range […]

pic showing dictionary definition of guarantor for landlords and tenants property118.com

Replacement guarantor?

4th January 2023

Hello, We rent a house to a young family who have been tenants for 2 years. At the time we asked for a guarantor, which they were happy to provide by way of a family member. The tenants are now saying that they have had a fallout with the guarantor and would like them removed […]