The Property Investors Awards, organised by the Property Investors Bureau, returned to hosting a physical ceremony for its 10th year anniversary. The illustrious event took place at the spectacular Marriott Grosvenor Square Hotel in Mayfair consisting of a wonderful evening of fine dining and entertainment to announce the 2022 Winners. Shortly following the event, which […]

Seven out of 10 buy-to-let landlords do not intend to sell any of their properties in the next 12 months, according to a new survey. The lender Landbay has revealed that landlords with smaller property portfolios of between one and three (78%) and four and 10 rentals (76%) are least likely to sell their properties. […]

Prime Minister Rishi Sunak’s cabinet reshuffle this week has seen the housing minister Lucy Frazer being promoted to culture secretary after just 104 days in the role – but she still managed to rack up one of the longest stints in the job. She has been replaced in the housing hot seat at the Department […]

Hi, I wonder if someone could advise me on the very hefty increase in maintenance charges with very little discussion on affordability for the residents. I own a purpose built flat in a seafront block and towards the end of last year the residents were notified that the maintenance charges would increase from the already […]

Hi, I wondered if anyone has had any experience of legally evicting a tenant and how long it usually takes? My tenant has been served a section 21 and was given three months. On the weekend she was due to move out she emailed the letting agent to say she was not moving out and […]

Hello, I let a stand-alone garage to an individual and am trying to end the agreement and get the garage back but have been unable to contact him. I gave him notice via email but he did not reply. Then I phoned the number I have for him but it sounded like it was ringing […]

Following a surge in the availability of alternative banking products, safeagent has written to all of its agents in England urging them to check the legal requirements when setting up or operating a client account. It says that as a Government-approved provider of Client Money Protection (CMP), it must ensure that as a scheme it […]

The City of London has the highest number of landlords per capita in the country, according to a new survey. Research by lettings and estate agent, Benham and Reeves, reveals that 23,555 people in the City of London earn an income through property. Kingston Upon Hull is home to the lowest number of landlords per […]

Hi, This is my 2nd post since I joined this forum. It’s still related to the same issue where I purchased a property with sitting tenants, where I had no choice on the tenancy agreement being created by the previous landlord for 12 months despite him knowing that he was selling the following week! He […]

Students in Scotland are being forced to live in unsafe purpose-built student accommodation (PBSA) and a rent freeze should be reintroduced, a new report reveals. The National Union of Students in Scotland (NUS) claims that students are being forced to live in unsafe, unfinished buildings and some student tenants could not access water for up […]

Hi everyone, I am a 1.5-year property owner who let the property out and ended in this sad situation. I wonder if any of you had experience with the CCJ or MCOL? I let out my property on June 2021 for 1 year with a guarantor, then renewed it for a new one for a break […]

After four months of house prices falling in the UK, Halifax says they have begun to stabilise. In its latest house price index, the lender says that the monthly price change between December and January was 0%. The average house price is now £281,684, down from last month’s average of £281,713. However, the average price […]

When I first started Property118 I tried to post a landlord or tenant-related joke or video once a week. My Uncle reminded me about this a while back and said he really enjoyed reading our newsletters because the fun parts cheered him up. So, as a thank you to my Uncle Bram and anybody else […]

Hello, My tenant has damaged the panel heater in a bedroom and it is now beyond repair. The quote is just under £700 to fully replace and fit and dispose of the old one. He has in the past been slow to pay for the call out charge when a contractor was pre-booked (twice) and […]

For the last few months Accountants have been focused on filing tax returns for their clients. It’s an annual sacrifice this profession makes, trading long hours and family time for mountains of paperwork and HMRC portals. Imagine feeling physically and mentally depleted and instead of being thanked for your hard work, your efforts are met […]

Paragon Bank’s range of buy to let mortgages has been boosted with four limited edition fixed rate products that include two 2-year and two 5-year products. They are all available at up to 75% loan-to-value. The rates on the 2-year products start at 4.80% when purchasing or remortgaging homes with EPC ratings of A-C, rising […]

Hello, my daughter part owns a rental property with me, but I have always been listed as the landlord on Tenancy agreements (she was a minor when the property was bought) My daughter wants to buy the property from me and move into it as her main home (she currently rents) and I served the […]

Hello, My tenant of 5 years recently ended up in hospital for 3 months. My building’s insurance stipulates that the property cannot be empty for more than 31 days in a row. The tenant’s family informed the agent what had happened, and a family member visited the property occasionally, however no-one was staying there. The […]

Santander is predicting a 10% drop in UK house prices this year – and they could return to 2021 levels.  According to the bank, the economic outlook for 2023 remains ‘serious’ with ‘stubbornly high inflation’. And, along with high household utility bills, rising interest rates and a likely recession, means a decline in house prices […]

Hello, My tenant’s 12 month tenancy ended over a week ago. One of them is still in situ. No more rent has been paid. On attending the property with my agent 3 weeks ago to allow a new prospective tenant to view , it became apparent all the locks had been changed. A section 21 […]

In a bid to show how serious the current rental housing crisis is, landlords are calling on the government to carry out a review on how the sector is taxed. The call has been made by the National Residential Landlords Association (NRLA) after a survey revealed that 65% of landlords say that tenant demand for […]