Page 338 – Property118

Advice on finding Social Housing tenants?

13th February 2023

We are considering renting out our property through social housing after we previously rented it as a single let to a family who refused to pay rent for two years racking up over £30,000 in rent arrears, causing us considerable financial strain. We had to face the stress and the agony of going through the […]

landlord news epc rating property118.com

Student property EPC downgraded moving C rating further away?

13th February 2023

We recently had a new EPC done on our 5-bed student rental, which initially downgraded it from a D (65 points) on the previous EPC to an E (53 points) although nothing has changed. After complaining, the assessor agreed that he hadn’t looked in the roof (he said it was inaccessible) and after I climbed […]

Managing Agent has gone AWOL?

13th February 2023

I hope a Property118 member will know how this problem can be dealt with. Our managing agent of well over 20 years has failed to pay rents received and answer queries or solicitors’ requests for a year now. I have asked the tenants to pay me directly but still inform the agents of any issues. […]

INVESTIGATION: Why licensing is a selective attack on landlords

13th February 2023

Once upon a time, selective licensing only affected landlords of houses in multiple occupation (HMOs) and the rest were spared the red tape – and extra cost. Until that is, Tony Blair’s government managed to persuade Parliament to enact the Housing Act 2004 which created an option for every council to impose a landlord licensing […]

Why tax advice is so important BEFORE you sell any rental properties

10th February 2023

Just because I’m selling several (but not all) of my properties doesn’t mean you should. There are several reasons you might be selling your rental properties, here’s a list of the ones I hear most often: – I’ve had enough of landlords being vilified by Governments, so-called housing charities, and much of the mainstream media […]

Writing on the wall for PRS livelihoods?

10th February 2023

Will the mass exodus of landlords wreck the livelihoods of professionals and stakeholders in the private rental sector? Landlords have sold 400,000 properties since 2019, when the total number of private rental properties peaked at 4.9 million. Shockingly, the downward trajectory looks set to get worse according to a recent landlord survey by Simply business, […]

landlord looking at epc on tablet property118.com

Two-thirds of landlords doubtful about purchase of non-EPC compliant properties

10th February 2023

More than two-thirds of landlords say they would be less likely to purchase a property if it has an Energy Performance Certificate (EPC) rating of below C, according to new research.  The findings, carried out by Foundation Home loans, also revealed that landlords were more likely to sell a property rated D-E over the next […]

fed up landlord packing belongings prs tenants property118.com

Fed-up landlords leaving the PRS push up rents

10th February 2023

The number of available rental properties fell by 7.8% last year, compared to 2021, and by more than 25% since 2019 as growing numbers of fed-up landlords leave the private rented sector (PRS), research reveals. The survey from TwentyEA points to tax, regulatory and cost environments ‘becoming less enticing’ for the exodus. And the lack […]

Hinckley and Rugby BS – Reintroducing: Ltd Company Buy to Let

10th February 2023

New to the market, this new SPV Ltd Company Buy to Let mortgage product is designed to support existing, and would-be landlords, who are looking to maximise their borrowing potential. It will also benefit those who wish to grow their portfolios through the creation of a Special Purpose Vehicle, which will be dedicated to managing […]

landlord strike

Stopping the legislation, regulation and judicial PRS landlord bashing?

10th February 2023

I have said it before – probably this time last year – and I’ll say it again the only way to get PRS Landlords fair treatment, and recognition of taking up the social housing mantle – which many of us have done, and done for years – is for ALL of us to issue s21 […]

Financial Help needed to fight against Council?

10th February 2023

In a case that could have implications for landlords across the country, Leicester City Council is appealing against a First-tier Tribunal decision that substantially reduced a civil financial penalty they had imposed for an HMO licensing offence. The case concerns a small two-storey HMO on the outskirts of Leicester which was let to four individual […]

Guarantor signing contract landlord tenancy property118.com

Guarantor for tenancy already running?

10th February 2023

Hello, In today’s unusual economic climate we (and many other landlords) have started having guarantors for every lease, as tenants may either lose a job, become ill and unable to work, or otherwise be unable to pay a rent that was previously no trouble for them. Whilst this can be done for new tenancies, what […]

Communication with a boy using a tin can landlord tenants software property118.com

Property management and messaging software?

10th February 2023

Hello to All, I’m hoping that the clever clogs amongst the community might be able to offer a view on whether I can legally obligate my tenant – by means of a clause in an AST – that they HAVE to communicate with me as the landlord via the web and app based management portal […]

Students sharing kitchen chores in a university house share

Nearly two in three student tenants are struggling to pay rent

10th February 2023

Nearly two in three student tenants in the UK are struggling to pay rent and two in five say that they have considered dropping out of university due to high rents, a survey reveals. According to the research from the money advice site Save the Student, the proportion of students struggling to keep up with […]

Government PRS reforms report welcomed by NRLA

9th February 2023

The National Residential Landlords Association (NRLA) has welcomed reform recommendations in a report from MPs for the private rented sector (PRS). Among the recommendations, the Levelling Up, Housing and Communities Select Committee’s report calls for the development of a specialist housing court to tackle anti-social behaviour and rent arrears cases. Other recommendations include introducing tax […]

pic of law courts uk sigh landlord s21 eviction tenant property118.com

Section 21 – I kid you not!

9th February 2023

Hello, I issued a Section 21 Notice to my tenant in December 2021. A consistently bad payer, he had until February 2022 to vacate. He chose not to, knowing full well he could appeal. The appeal was heard at Willesden County Court. I, foolishly as it turned out, thought I could represent myself. It was […]

We in the uk have a housing crisis?

9th February 2023

MPs will tell you that their constituents ALL want to own their own house with a garden. This concept is entirely utopian and completely beyond viable. Local Government and housing associations simply do not have the firepower. They are dependent on the Government for money and we all know what state the Public sector Borrowing […]

What are financial experts predicting for landlords and buy-to-lets in 2023?

9th February 2023

The Financial Reporter asked a number of mortgage experts what they expect in the buy-to-let sector in 2023. It’s no surprise they unanimously predict financial difficulties ahead for most landlords as increased costs cause incomes to shrink but some also believe there will be an opportunity for cash-rich landlords to snap up bargain property later […]

Section 13 Notice advice?

9th February 2023

Hello forum, I would like some advice on section 13 notices and the correct procedure. I have 2 flats rented to tenants who moved in six years ago currently paying £850 rent in West London, the tenants are great never had any issues with payment and they have looked after the property very well. The issue […]

RICS logo representing the organisation behind the latest UK housing market survey

Landlords continue to sell up and leave the PRS – and house prices fall

9th February 2023

The latest report from RICS makes for grim reading for landlords and homeowners with news that sales and house prices continued to decline across the residential market in January. In addition, landlords continue to flee the sector for the tenth consecutive month, while tenant demand continues growing. On top of that, house prices fell with […]

A businessman crossing hands infront of him and a person sitting opposit passing papers to sign

Rent increase and no contract for 18 months?

8th February 2023

Hi, I have two questions as a tenant. After my contract expired 18 months ago the landlord refused to give me a new one even though I was still living in his house and still paying. Is it his duty to provide me with a new contract after the old one ends? The second question […]