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Landlords to let signs uk property118.com

Landlords pay up to 7.7% more for BTLs in high demand areas

7th November 2022

Landlords looking to reduce void periods by investing in a buy-to-let within an area of high rental demand will pay an average of 6.2% more for the pleasure, research reveals. The latest market analysis by mortgage experts, Revolution Brokers, looked at the average price for a buy-to-let investment in England and how this differs between […]

woman carrying rock with rising interest rates property118.com

Increasing BTL mortgage costs will ‘put the market under pressure’

7th November 2022

The recent rise in the Bank of England base rate will put the BTL market under pressure, one broker says. Property Master says that with BTL mortgage costs set to increase further after the base rate hike, landlords need to look at the products available – and whether they should fix now before rates increase. […]

Action not words needed from landlords

7th November 2022

Hello, So it has come to pass!  I have finally decided we must collectively and actively respond to the bludgeoning government policy against landlords where it hurts most – their voter base. I will be starting a Change.org campaign which, if it reaches 10,000 signatures, will be debated in Parliament. This should be easy to […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

Why a rent freeze in England just took a giant step forwards

4th November 2022

Where to begin? With the media buzzwords? With various organisations calling for a rent cap in England? Or the real reason a rent freeze is coming which was revealed on Thursday (which I will come to)? Leaving aside that there is a perfect storm brewing, is there really a private landlord anywhere in England who […]

We are delighted to be able to share a valuable gift with you this weekend

4th November 2022

Simon Zutshi, is giving this valuable gift to the clients on his database and has agreed for us to also give it to you, as one of our subscribers. Thank you Simon. Last week Simon launched his new six-module online HMO 2.0 Home Study Programme (£1497+VAT), for which enrolment closed on Thursday. As a thank […]

landlord news serco property118.com

Serco contract details – Asylum accommodation request?

4th November 2022

Hello everyone, I’ve just had a reply from Serco regarding their offer to take a properties to be used by the Home Office for asylum seeker use…. I welcome any comments good or bad – what do you think of this? What other questions do you have? Pitfalls? ———————- Thank you for your enquiry to […]

elegraph logo used in rebuttal to article on landlord tax structures

Have you been suffering from rent arrears?

4th November 2022

The personal finance reporter for the Telegraph, Alexa Phillips, is looking to talk to landlords who have been dealing with rent arrears to help build an article. Alexa and the Telegraph team are interested in speaking to Property118 landlords who have made claims on their rent guarantee insurance or who did not get insurance and […]

landlord news epc rating property118.com

Seven in 10 landlords have properties with an EPC rating of D or below 

4th November 2022

The scale of the situation for landlords having to improve their rental properties to meet the energy performance certificate (EPC) standard of C has been laid bare in new research. According to Shawbrook, seven in 10 (71%) landlords in the UK still own rental properties with an EPC rating of D or below. Their study […]

Propertymark representative discusses rent control concerns in Scotland

Northern Ireland report rejects rent controls

4th November 2022

The Northern Ireland Assembly has published independent research on what a rent decrease of up to 10% and/or a rent freeze for up to four years will do the private rental sector. Under the Private Tenancies Act (Northern Ireland) 2022, section 7 amended the Private Tenancies (Northern Ireland) Order 2006, so that the frequency of […]

landlord news base rates property118.com

The Bank of England base rate rise – industry reacts

3rd November 2022

Reaction from the worlds of property and finance was swift after the Bank of England announced that its base rate would increase to 3%. That means lending for landlords looking for a new mortgage deal just got more expensive. Angus Stewart, the chief executive of Property Master, an online broker for BTL mortgages, said: “Landlords […]

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

Bank Base Rate increased as predicted to 3%

3rd November 2022

In an outbreak of predictability, when we all know the Base Rate is heading towards 4% to keep up with the Dollar and the Fed, The Monetary Policy Committee (MPC) voted 7-2 for an increase of 0.75% to a total 3%. The two dissenting Doves wanted increases of either 0.5% or 0.25%. The MPC is […]

Aerial view of the UK Parliament and surrounding Westminster area supporting discussion on the Renters Rights Bill

Increased mortgage stress tests will push up rents, MPs told

3rd November 2022

Not only will rents rise but tenants will find it more difficult to find homes over the next year or two as landlords will be struggling with higher mortgage rates, MPs have been told. At the Commons Treasury Committee, a range of mortgage experts told MPs about the state of the market and what will […]

landlord news holiday let tax property118.com

Government urged to scrap holiday let tax breaks by advisor

3rd November 2022

A government adviser is urging the scrapping of tax perks for holiday lets which could see tax bills increasing by thousands of pounds every year for landlords. The Office for Tax Simplification (OTS) is recommending that the government stops the owners of a furnished holiday let from offsetting mortgage interest payments against their income tax […]

landlord news epc cost property118.com

‘Strategic reset’ from Government urged for Net Zero homes

3rd November 2022

UK Finance says a ‘strategic reset’ is needed for the country and government to achieve Net Zero homes. The organisations say this is ‘the number one policy issue facing future generations’. In a report, it says that UK homes are the least energy efficient in Europe, with the heating of our homes representing 14% of […]

landlord news tenant demand property118.com

Landlords deluged with viewing requests stop advertising

3rd November 2022

The volume of viewing requests from potential tenants has risen so steeply that some landlords are now putting adverts for their properties on hold as they deal with the elevated level of demand, research reveals. With competition fierce among renters, it’s now taking an average of just four days to let a rental property, according […]

Is the Council request for information legitimate?

2nd November 2022

Hi all, I’m perplexed by a recent request for information from the council. I’ve operated an HMO in Northampton for several years. It has valid gas, electric and EPC certificates, alarms, fire doors, etc. IMHO, nothing amiss with it. Some years ago, the LA applied an Article 4 direction to the area and I thus […]

ECO 4 Anyone

EPC cavity wall insulation?

2nd November 2022

Hello, I hope someone can advise, appreciated if so. We have a nightmare of a freeholder. We recently had one of our flats have an EPC certification. The main improvement to bring it to where it needs to be (c) was having Cavity wall insulation So, if I write to the freeholder and he does […]

landlord question live-in landlord property118.com

Live-in landlord advice?

2nd November 2022

Hi All, I recently purchased my first property and decided to rent a few rooms out to help cover the cost of running the place. I’m a live-in landlord and registered to vote there, this is in the Portsmouth area. But do spend most of my time at my partners as its considerably closer to work. […]

landlord news bridging finance property118.com

Bridging loan transactions hit record high

2nd November 2022

A total of £214.7 million in bridging loans was transacted by contributors during the third quarter – the third consecutive quarterly increase and a 20% rise on Q2, research reveals. The latest Bridging Trends figures show this is the highest contributor lending amount since they began recording data in 2015. Preventing a chain break was […]

landlord news interest rates property118.com

Biggest interest rate rise in 30 years set to come – what will it mean?

2nd November 2022

The Bank of England looks set to raise interest rates at its meeting tomorrow – and it could be the biggest rise in 33 years. The market is pricing in a rise of 0.75% to 3% because the Bank is tightening monetary policy in a bid to tame inflation. And with the Chancellor’s fiscal statement […]