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

The Autumn Statement – property sector reacts

17th November 2022

The much-anticipated Autumn Statement has seen the Chancellor of the Exchequer, Jeremy Hunt, delivering a mixed bag of tax rises and policy changes. And now the property sector has seen what the potential impact of it will be – and not everyone is happy. And that goes for landlords too with the senior investment and […]

HMO landlords urged to back anti-council tax rebanding campaign

17th November 2022

Professional HMO landlord network, Platinum Property Partners (PPP), is urging all landlords to get behind a campaign that aims to abolish council tax re-banding for shared houses, which has the backing of Gosport MP, Caroline Dineage (pictured right). For some time, the Valuation Office Agency (VOA) has had discretional powers to charge council tax per […]

Autumn Statement 2022 – Landlord Reactions

17th November 2022

The Chancellor of the Exchequer, Jeremy Hunt, has today announced his Stealthy tax threshold increasing budget in a plan to preserve stability, promote growth and protect public services. Whilst on the face of it not as severe as many predicted, Hunt took great care not to use the words ‘tax rises’ but everyone will be […]

Property damage and cleaning top tenancy deposit disputes

17th November 2022

More than half of tenancy deposit disputes during the last year concerned property damage and cleaning, The Deposit Protection Service (The DPS) reports. The DPS offers a free, impartial dispute resolution service to help ensure a fair conclusion to a dispute without the need for complex or expensive legal proceedings. The list of disputes when […]

Government’s PRS strategy is ‘in tatters’

17th November 2022

Government policy has left the private rented sector (PRS) ‘in tatters’ as figures show the number of homes to rent falling, but tenant demand continues to rise. The criticism comes from the National Residential Landlords Association (NRLA) which says that since 2015, the government has embarked on a deliberate effort to discourage investment in private […]

unite union workers on strike marching property118.com

Shelter staff announce strike – workers ‘unable to pay rent’

17th November 2022

More than 500 workers at the housing charity Shelter will stage a two week strike next month, in response to the organisation’s management attempt to impose a real terms pay cut on its staff. Unite the Union believes that Shelter can make a fair pay offer and points to its reserves last year of £14.5 […]

Welsh Government unveils a social housing rent cap

17th November 2022

Social housing landlords in Wales will face a rent cap of 6.5% from next year – and there’s an eviction ban on tenants who engage with their social housing landlord. Climate change minister Julie James has confirmed the cap for social rents for the next financial year, along with a package of support for tenants. […]

Interest rates have gone up but Landlords don’t need to panic

16th November 2022

Landlords have been under a lot of pressure recently, with interest rates going up, house prices dropping, and changes in government, anxiety levels have been at an all-time high. However, despite the current state of affairs, we still have options to help us get through this patch without panicking. For many Landlords, selling has been […]

NRLA proposal on anti-social behaviour accepted by the Government

16th November 2022

The Government has accepted a proposal from the National Residential Landlords Association (NRLA) to tackle anti-social tenants who cause misery for neighbours and fellow tenants alike. Felicity Buchan, the minister for the Private Rented Sector, says that the Government’s ambition is to strengthen the grounds enabling landlords to tackle anti-social behaviour when Section 21 repossessions […]

overgrown garden tenants property118.com

Breaches of the Land Registry’s Charges Register?

16th November 2022

Hello, I’m looking for some help, please. One of my rental properties is an ex-local authority terrace. The immediate neighbour of my property has not maintained his house or garden since he bought it in 2004. Trees are higher than telegraph wires, ivy has overtaken his garden and I can’t maintain some parts of my […]

The UK’s house prices stall – but rents rise

16th November 2022

The UK’s average house price increased by 9.5% over the year to September, down from 13.1% in August, data from the Office for National Statistics (ONS) reveals. The latest house price index shows the annual percentage change slowed because house prices rose sharply in September 2021, which coincided with changes to Stamp Duty Land Tax. […]

London’s rental prices reach record high weekly price

16th November 2022

New figures show that London’s rent prices have reached record highs, as rising interest rates and lack of supply put pressure on rents, Foxtons reports. In October, rents reached a new record high of £571 per week, exceeding the previous high of £553 per week in September 2022. This is a 4% uplift in comparison […]

1 in 5 landlords are looking to reduce portfolios

16th November 2022

Landlords are making big adjustments to their portfolios to meet the cost-of-living crisis, research reveals. According to Handelsbanken, nearly three in five (60%) landlords say they are preparing to increase rents to compensate for higher costs. And a fifth say they are planning to sell some of their portfolio to directly combat the cost-of-living crisis. […]

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£82.7bn worth of rental properties occupied by fraudsters

16th November 2022

The rental sector has long been a leading target for fraudsters, criminals and money launderers with previous research estimating that 5% of all rental stock is being let to criminals. Ocasa, the specialist rental platform, says that equates to 279,497 properties. Based on the current average house price, this means that £82.7 billion worth of […]

landlord pointing at tenant to leave property118.com

The ethics vs financial realities of paying a tenant to leave?

15th November 2022

Hello, We have an awkward freeloader who’s stopped paying. If it takes 6-12 months to evict him we will have a lot of unpaid rent (Yes, we can sue, but CCJ’s may go nowhere with a “paper” debtor), plus legal/court fees, plus whatever state he leaves our property in. It might be worth considering paying […]

Inventories provide landlords with a ‘last line of defence’

15th November 2022

Landlord and agent fears over controversial Government proposals for the private rental sector (PRS) would be eased by the adoption of a rigorous, professional inventory policy, says one industry boss. The chief executive of No Letting Go, Nick Lyons, said: “These proposals are wide-ranging, and they do benefit tenants but, in the end, we all […]

RICS says that the EPC scheme ‘needs improvement’

15th November 2022

With residential landlords facing the prospect of meeting an EPC rating of C by 2025 for their rental properties, comes news from the Royal Institution of Chartered Surveyors (RICS) that EPCs are no longer fit for purpose and ‘need improvement’. In a report, the organisation says that a shakeup is necessary if the UK wants […]

Rents pass £1,200 for the first time

15th November 2022

The average rent on a newly let home in Great Britain rose to £1,204 per month in October, up £80 or 7.1% year-on-year, costing the average tenant an extra £960 each year, data reveals. The findings from Hamptons show that rents in five regions have nudged into the next £100 price band this year, with […]

Landlord group pushes for publication of new MEES rules

15th November 2022

The landlord association iHowz has written to three Government ministers urging them to publish the new domestic Minimum Energy Efficiency Standard (MEES) rules so landlords can prepare to meet them in good time. The organisation says it is worried that the new version of the EPC and accompanying Standard Assessment Procedure (SAP) will be published […]

Answering Your Tax and Accounting Questions

14th November 2022

We’ve filmed a fair few episodes of The Property Tax Show now and as expected we have a ton of questions flooding in. 01:04 – Should I Register For VAT To Reclaim VAT On My Purchase? 02:04 Do I Need To Revalue My Property Every Year For My Accountant? 04:52 Can The Setup Costs Of A Smart […]

Eviction – Judge thinks non-existant deposit should have been protected?

14th November 2022

Finally had enough of a bad tenant – constantly behind on his rent. I issued him with a Section 21 notice in December 2021. Naturally, he ignored the deadline to leave by mid-February 2022. He took me to court for wrongful eviction. His free legal aid for the day looked at the tenancy agreement. It […]