Page 343 – Property118
Fed up dog at desk property118.com

More than a quarter of landlords want to sell – claim

8th November 2022

More than a quarter of landlords are planning to sell their rental properties because of the current buy to let environment, mortgage brokers say. The research comes from broker forum, cherryplc.co.uk, which found that 28% of landlord clients are planning to sell properties, while 39% of BTL investors say they will increase rents. Just over […]

Landlords selling up account for 16% of property sales

8th November 2022

As fed-up landlords brace for further tax rises and soaring mortgage rates, it has been revealed that the number of rental homes being sold is at the highest level in four years. According to real estate firm Hamptons, 16% or one in six of the homes sold this year have been rental properties. The data […]

landlords immigrant requirements cambridge university uk property118.com

Immigrant requirements to rent?

7th November 2022

Hello, Apologies for this rambling query. Background: My daughter has landed a permanent job at Cambridge University and is about to immigrate to the UK (we are South African). She is a director and shareholder of our small BTL company registered in the UK. The company currently owns 3 houses in the North East and […]

Lendlord logo representing property finance and landlord tools.

7 top tips before your next Buy to Let purchase

7th November 2022

These days, we are facing a lot of challenges. The housing market is experiencing high inflation, people aren’t rushing to take out mortgages and loans, and it’s unclear when the sun will shine again. A wise man from the world of real estate once told me that after every great decline comes a great rise, […]

House prices continue to fall as market cools

7th November 2022

The average house price in the UK fell by -0.4% in October – the third price drop in four months, Halifax data reveals. Prices fell by -0.1% in September and the annual rate of growth has now fallen to +8.3%, from +9.8%. Halifax says that the average UK property now costs £292,598, that’s down from […]

landlord tax raid HMRC leaflets property118.com

Government plots raid on landlords to plug £50bn black hole

7th November 2022

The government will target landlords in a bid to plug a £50bn hole in the country’s finances, reports reveal. The move could see landlords losing thousands of pounds when selling their property under proposals which will come as a fresh tax blow for investors. One report says that landlords could face an £8,400 squeeze in […]

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 […]