Page 334 – Property118

EPC exemption for stand alone buildings under 50sq/m?

19th December 2022

For over 30 years now, I’ve rented out a small detached property, 30sq/m according to the EPC, which used to be the bakehouse (large oven still in situ) and washhouse for 3 cottages in front of it. The original outside toilet is still in place for summertime use, and it has large garden tenants can […]

Tenant completing a survey about rented property property118.com

Survey reveals just 10% of tenants are not happy with their home

19th December 2022

It might go against the media narrative that landlords offer poor housing, but a survey of tenants has revealed that just 10% of them are unhappy with their rented home. The findings from the TDS Charitable Foundation also show that 67.7% are happy and 22.3% of renters were neither dissatisfied nor satisfied with their property […]

Preparing myself for Making Tax Digital?

19th December 2022

Hello everyone, We’ve been advised that from April 2024 we will be required to make quarterly returns and an End of Period Statement to HMRC using software which is compliant with Making Tax Digital systems. Our accountant has recommended Coconut accounting software. Does anyone have any experience with this or any other Making Tax Digital-compliant […]

black mould in a rented property being cleaned property118.com

Problems with mould as heating turned down?

19th December 2022

We have had our flats for over twenty years and they are all in good condition. We have had very little problem with mould until now. Several tenants are complaining and sending photos. I know they have cut down significantly on heating and are not using the tumble drier because they can’t afford the cost. […]

Bank Base Rate Rise – Worked Examples for Landlords – NEW VIDEO

16th December 2022

Property118 members seem to love worked examples when it comes to understanding the principles of tax related to finance costs, so that’s exactly what my latest video on the Property118 TV YouTube channel provides. I recorded this latest video below immediately following the Bank of England’s announcement that they had increased interest rates by a […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

It’s time for those responsible for the PRS mess to own it

16th December 2022

I can’t help but wonder what the future is for the private rented sector (PRS) when I look at the combined forces joined up against us. It’s at these times I appreciate the French saying: ‘Plus ça change, plus c’est la même chose.’ Essentially, it means the more things change, the more they remain the […]

Property leaders urge Michael Gove to address PRS pressures

16th December 2022

Leading members of the property sector have written to Michael Gove calling on him to address the unsustainable pressures on the private rental sector. They say that Government policy needs addressing to help deliver cheaper rents for tenants – because that is what most tenants want. The letter highlights that more tenants want a cheaper […]

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 […]