Page 333 – Property118

NRLA unveils tie-up with homelessness charity

16th December 2022

It might come as a surprise to many landlords, but the National Residential Landlords Association (NRLA) has announced a new partnership with Crisis, the national charity for homeless people that has, in recent months, criticised landlords in the private rental sector. The move will see Crisis being able to work ‘more easily’ with landlords to […]

cash on radiator for government energy rebate tenants landlord property118.com

Government energy discount – Do tenants or the Landlord get this?

15th December 2022

Hello, this is the scenario: Landlord owns and rents a property to students. Landlord is the registered payer for energy bills (gas & electric). Landlord receives Government ‘handout’ for household energy bills but payment is facilitated and paid out via the electric bill as a discount. Tenant agreement is that they pay for gas bills […]

man looking at a road of interest rate rises BoE base rate rise property118.com

BoE base rate rise – property experts respond

15th December 2022

News that the Bank of England has pushed up the base interest rate by 50 basis points to a 14-year high of 3.5% has left many property experts wondering whether property buyers will get more help and whether another rise will be forthcoming. This is the ninth rise in a year as the bank bids […]

Bank of England emblem symbolising decision to hold the Base Rate at 5%

Bank of England mirror the Fed with 0.5% Base Rate rise

15th December 2022

The Bank of England’s Monetary Policy Committee (MPC) today voted by 6 – 3 members to mirror the Fed by increasing the Base Rate by 0.5% to a total 3.5% interest rate. Two MPC members voted to keep the Base Rate at 3% and one member voted to increase it by 0.75%. Overall the majority […]

Woman tenant running away deposit DPS claim property118.com

Claiming deposit?

15th December 2022

Hello, a tenant has disappeared after a possession order was granted owing thousands in rent. I have requested the deposit at DPS to be paid to me. I have no contact number or forwarding address for the tenant. Does anyone know if DPS will try and find her? Thank you, Dawn

Renters see biggest annual rent rise since 2016

15th December 2022

Tenants have seen rents rise yet again with the Office for National Statistics (ONS) reporting that rent prices grew by 4% in the year to November. The latest Private Housing Rental Prices index highlights that rents were slightly higher in last month than October’s 3.8%. However, the annual percentage change is the largest recorded by […]

Blocks of social housing tenants cash grant property118.com

Social housing tenants get cash so their voices ‘are heard’

15th December 2022

A Government cash pot of £500,000 will help to train and support social housing tenants to have their ‘voices heard’, it has been announced. The aim is to help tenants in England raise issues with their landlord. The scheme will launch in the Spring as part of other reforms that see social housing tenants getting […]

Sir Ed Davey, evictions ban,

Lib Dems call for a Christmas evictions ban

15th December 2022

The Government is being urged to implement a ban on evictions over Christmas in the private rented sector by the Liberal Democrats. The party’s leader, Sir Ed Davey says that thousands of families face ‘a nightmare before Christmas’. In addition to the eviction ban for renters, Sir Ed is also calling for the government to […]

loud music from neighbour affecting tenant property118.com

It’s not the tenant that’s the problem!

14th December 2022

Is there anything you can do when it’s the neighbours who are being antisocial and affecting YOUR tenants? I HAD lovely tenants with 2 autistic children living in a property. All was well, until the lovely old man next door died, and the neighbours from hell moved in! Next door is a HA property, and […]

Couple enjoying moving day while unpacking boxes in new home

Charity begins with a home?

14th December 2022

Hello, How about rather than LL’s setting up a charity [see ‘Landlords for homelessness charity to compete with Shelter and Crisis?‘] we instead set up a not for profit home building company for the low paid and homeless? We all know the route of the problem is the supply of housing. Do the job the […]

Avoid the Minefield – Free Landlord Insurance Consultancy

14th December 2022

Property 118 is offering readers a free landlord insurance consultancy through The Home Insurer to make sure you are not paying too much and have the proper cover in place. Let property insurance is a minefield that can catch out landlords if you are not careful. What happens when your property is unoccupied? What if […]

Paperwork for home repossessions property118.com

Home repossessions defy predictions after mortgage rate rises

14th December 2022

The number of home repossessions by finance lenders after mortgage rates went up has decreased significantly – defying the expected trend that more people would lose their homes. The findings come from the House Buyer Bureau which points out that since the Bank of England started raising interest rates at the end of 2021, the […]

Picture of frozen Edinburgh castle rent freeze eviction ban property118.com

Scotland’s rent freeze based on ‘skewed numbers’

14th December 2022

One reason why the Scottish Government imposed its controversial rent freeze and ban on evictions was a belief that rent rises during the cost-of-living crisis were too high. But one proptech firm says its own figures show that rent rises were actually ‘moderate’ despite other surveys showing that tenants were facing hefty increases. And the […]

Paragon Bank, PRS,

Homebuyers still need the PRS as many struggle to save

14th December 2022

Tenants who want to buy a home are having to rely on the Private Rented Sector (PRS) for longer, but this will put pressure on the supply of homes and push up rents, one bank says. Paragon has surveyed more than 2,000 would-be homebuyers and found that the cost-of-living crisis is hampering their efforts to […]

Stressed landlord reviewing bills and finances with calculator on desk

Rents to rocket by 20% as landlords pay higher mortgage costs

14th December 2022

A grim prediction from the Bank of England is forecasting that rents will rocket by 20% because landlords could be paying up to £4,000 more for their buy to let mortgage in 2023. The warning comes from the bank’s Financial Policy Committee which says that the monthly repayment facing landlords will rise by £175 – […]

Alphaletz free webinar with Mark Alexander – is a Limited Company right for you?

13th December 2022

Alphaletz will be repeating a free webinar with Mark Alexander (Founder of Property118) on Wednesday the 14th of December at 7:00pm to outline the benefits of a company structure and see if it’s right for you. Richard Jackson, the founder of Alphaletz, the award-winning Property Management Software solution, is a long-time portfolio landlord who first […]

Students discussing housing plans in a shared living room.

New model for Student HMOs post Renters Reform Bill?

13th December 2022

For mitigation against the worst implications of the (expected) Renters’ Reform Bill for my Student HMOs, I am mulling a business model change to…. Leasing individual rooms on a fixed-term basis to the PARENTS rather than the occupying students….Will this work? Here’s my thinking so far… Lease terms would allow the room to be licenced […]

elegraph logo used in rebuttal to article on landlord tax structures

Daily Telegraph wants to speak to landlords who are remortgaging

13th December 2022

The Daily Telegraph’s property correspondent, Melissa Lawford, is writing an article about the buy-to-let remortgage crunch and would like to talk to landlords who have recently come to the end of their fixed-rate mortgage deals, or are expecting to in the year ahead. How much did/will your mortgage rate change? What does this mean for […]

CGT and Exit Planning Strategies for UK Landlords + VIDEO EXPLAINER

13th December 2022

Are you thinking about selling some of your rental properties, perhaps to pay down mortgages or become mortgage free? There may well be Capital Gains Tax consequences associated with this, HOWEVER, there may also be ways to mitigate this tax, which I have explained in the video below. Good News, Property118 TV is back. This […]

Short term rentals trade body welcomes registration scheme

13th December 2022

Plans by the Government to introduce a registration scheme for short-term holiday lets have been welcomed by the Short Term Accommodation Association (STAA). The trade association represents thousands of owners and businesses in the UK operating short term lets and they have been pushing for a national registration scheme. That would make it easier to […]