Page 339 – Property118
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 […]

Rent increase notice with calculator on top of tenancy letter

London’s rents have risen by 15% since last Christmas

13th December 2022

Tenants are struggling this Christmas with rising food and energy prices, and now comes news that rents have risen by 15% since last Christmas. That rent increase is for tenants in London, says Ocasa, while the average rent has risen by 10.8% over the same period. Renters are now paying £1,175 on average per month […]

Anti-social gang drinking and smoking police council property118.com

Authorities need to help landlords tackle anti-social behaviour

13th December 2022

At least half of landlords who have served a repossession notice have done so to tackle a tenant’s criminal or anti-social behaviour, research reveals. The findings from National Residential Landlords Association (NRLA) highlight that communities are facing misery because local councils and the police are failing to deal with the culprits. And 84% of landlords […]

Why now is the time to buy?

12th December 2022

So this isn’t going to be a subject everyone wants to hear! With the doom and gloom of property world war 3, are we landing our troops, or coming out of the ashes?? In other words, is now the time to buy or are we all going to see our portfolios drop in value? Now […]

Volunteer raising money for homeless property118.com

Landlords for homelessness charity to compete with Shelter and Crisis?

12th December 2022

Well, that got your attention didn’t it! But is it such a crazy idea? What if landlords got together and started a charity that helped the same people that Shelter and Crisis claim to. Fundraise the same way, from the public. But a charity that underwrites rent and deposits for those that we wouldn’t normally […]

Rising rents tempt landlords back to investing

12th December 2022

Landlords are increasingly looking at investing in a rental property because of rising rents, one real estate firm says. According to Hamptons, this year has seen investors accounting for the largest share of home buyers since 2016. The firm says that 12.2% of homes were snapped up by investors – up from 2021’s figure of […]

property prices, rents,

Property prices continue falling as buyers watch and wait

12th December 2022

A bigger seasonal dip than usual has seen property prices continue their slide with sellers dropping the price on a new listing by 2.1%, Rightmove reports. That price fall equates to an average of £7,862 and is a bigger drop than is usually seen at this time of year. Rightmove says that is down to […]

pic of house key above a legal fees button. Property118.com

Leaseholder or freeholder responsibility?

12th December 2022

Hello, A question on financial responsibility for the roof of a block of flats that has been sold to another ‘user’. We’ve had an item on our service charge for legal fees that were run up by the freeholder in relation to legal fees for issues regarding works to the roof of our building by […]