Page 344 – Property118
Manchester sign on a street paving

Manchester Council are profiteering at 200% Council Tax charge

1st February 2023

Well, it seems the war on landlords continues and all morality from the Government and city councils is lost. Please see the link to the latest consultation on Council Tax for Manchester. As per usual for the Government and city councils, the wording of their proposal is very poorly constructed but I think the eventual […]

Pic of coin to register a TDS deposit tenant landlord property118.com

Re-registering a TDS deposit?

1st February 2023

Hello, I have three properties with deposits registered with the TDS. One tenancy has come up for renewal and the tenant is happy to remain. The deposit stays with TDS, but they have emailed me asking me to re-register it at a cost of £25. This seems unnecessary, a waste of time and a £75 […]

Tenant demand in central London bounces back

1st February 2023

Landlords with properties in central London have reported the highest levels of tenant demand across England and Wales, research from Paragon Bank reveals. It found that more than nine in 10 landlords (94%) with properties in central London reported strong levels of tenant demand, with just 6% reporting levels as ‘stable’. The research, covering the […]

Pic of sash window epc tenant regs property118.com

UPVC window in a Listed building/G2?

1st February 2023

Hello, Has anyone had any joy in getting an LA to give the thumbs up for permission to replace a wooden sash window with a UPVC (single or double glazed) window that replicates what the original looked like from the outside in a Grade II listed building? I was going to go to town and […]

Who are the best UK Property Educators?

1st February 2023

I don’t have a lot of money but, I am passionate about property investment, development, flipping etc. and want to learn the following wealth-building techniques from the best of the best:- How to source and package viable property projects with a view to selling those deals on to other investors in return for fees How […]

EPC C in HMO 2025 or 2028?

1st February 2023

Hello, As we all know the government is stipulating a minimum EPC ‘C’ for new tenancies signed in 2025, and for all rented homes by 2028. I run licenced HMOs with individual room lets on ASTs. Legally, do I need to reach ‘C’ in 2025 on the first new room let tenancy, even though the […]

Most landlords will put up rent to meet rising mortgage costs

1st February 2023

With the Bank of England set to put up its base rate this week, one firm is warning that landlords will put up rents if the base rate reaches 4.5%. The bridging finance broker Finbri says that with the base rate expected to reach a high of 4.5% in 2023, 53% of landlords will look […]

Pic of monopoly for house prices in uk landlords property118.com

How long will the housing market slump last?

31st January 2023

Falling house prices will only last a couple of months, according to a new report. The findings from GetAgent reveal that while 155,000 home sellers could be hit by a price drop, the organisation says that price depreciation will only last a matter of months before the market rebounds. The estate agent comparison website has […]

Pic of thermometer after heater left on in a rented house property118.com

Cleaner has cost me over £1,000 on energy bill?

31st January 2023

Hello, I wanted to share a bad experience I had this week whereby a cleaner has cost me over £1,000 in electricity. I share this as a warning to others but also I would like to know if anybody else has ever encountered a similar situation and if they managed to resolve it or hear […]

The Property Ombudsman scheme excludes six agents

31st January 2023

In its latest report, The Property Ombudsman (TPO) reveals that it has excluded six agents from its scheme in the last quarter of 2022 for failing to pay a compensatory award. All six agents were referred to the scheme’s independent Compliance Committee which ruled that they should be excluded. As part of TPO’s compliance process, […]

PRS is vital for the economy – report

31st January 2023

The private rented sector (PRS) plays a crucial social and economic role in the country, a report reveals. According to a survey carried out by the National Residential Landlords Association (NRLA), most tenants in the PRS have had a positive experience of renting. And, the report adds, it would be wrong to claim that private […]

Pic of EPC dial being moved landlord property118.com

Expenses to improve a EPC rating on BTL – capital or revenue?

30th January 2023

Hello, Hopefully, most prospective landlords would make checking the EPC one of their first tasks when looking at a property to buy. But say you inherit a property you want to use for a buy-to-let. The property is in a good state of repair, was inhabited up to inheritance, and is fit to rent out […]

We are all facing the prospect of rising mortgage rates

30th January 2023

Just over a year ago, the Bank Base rate was 0.1%. Since then, there have been 9 consecutive increases with the rate now at 3.5%. It is predicted that the rate will increase by a further 0.5% this coming Thursday, bringing the rate up to 4%. It is also forecast that the bank rate will […]

woman carrying rock with rising interest rates property118.com

Northern Rock excess mortgage interest claim?

30th January 2023

I have come across a Northern Rock excess mortgage interest claim being started by Harcus Parker. Although they have not yet had High Court permission to pursue the claim, if it proceeds they say it will be on a No Win No Fee basis. Their fee will be 35% plus VAT (although their paperwork also […]

landlord question water leak property118.com

Leak from upstairs flat – liability?

30th January 2023

Dear Community, I am facing a situation and your opinions will be greatly appreciated. I am a leaseholder of one flat that is my only property. I have lovely tenants living in this flat. There has been a substantial leak from a flat right above the flat adjacent to mine. Those two flats (next to […]

House builders given six weeks to sign contract for fixing unsafe buildings

30th January 2023

The government has imposed a six-week deadline for housing developers to sign legally binding contracts that will commit them to pay to repair unsafe buildings. And the government warns that companies that fail to sign and comply with the terms of the contract will ‘face significant consequences’. Legislation will be brought forward in the spring […]

Sellers will have to cut prices as buyers ‘wait-and-see’

30th January 2023

Home buyers are holding off from entering the market and are now waiting to see if house prices and mortgage rates start to fall, Zoopla’s latest House Price Index reveals. The platform says that demand for homes has rebounded in the first weeks of January – and is now in line with pre-pandemic levels. However, […]

Calculator to work out capital cost of repair work property118.com

Capital cost vs allowable expense?

30th January 2023

Hello, Would reinstatement (like for like) following an accident to a property be considered a capital cost or allowable expense vs income? My instinct is to view it all as maintenance/repair because there was damage which needed attention to get it back to how it was prior to the accident. However, if the damage was […]

landlord signing a tenant's notice to quit UK property118.com

Notice to Quit court process?

30th January 2023

Hello, I have a tenant who has refused to leave the property, as advised by the local housing office as she would be deemed to have made herself deliberately homeless, until physically evicted by a bailiff. They also advised the tenant that the short term rental 6 month agreement which ended 21 October 2021 was […]