The latest data on the UK’s house sales from HMRC reveals that numbers dipped by 3% month-on-month in December 2022 with signs that rising mortgage rates impacted transactions. The figures show that 101,920 homes were sold in December 2022 – which is 1% higher than in December 2021 but 3% lower than in November 2022. […]

Hello, The petition against S24 is gaining momentum and needs more fuel to engage everyone to sign up. Please contact your local estate agents to spread the word and ask if they can put a poster in their windows. It would be good if someone can produce and share one for us all to use. […]

There has been a ‘significant’ drop in the supply of rental accommodation as landlords have sold up because of increasing regulation, research reveals. According to TwentyEA, the supply of homes to rent fell by 8% year on year in 2022 and by 25% since 2019. The findings also highlight that tenant demand for rental homes […]

Hello, Has anyone had this problem? We own a bungalow which we rent out, the tenants are very very good. They have told me they have mould on the adjoining wall, they have mentioned before the wall was very cold. Now the mould is getting worse and they took pictures of the attic which is […]

Do you own one or more rental flats with cladding issues? Have your flats with cladding issues become impossible to raise mortgages against since the Grenfell Disaster case? If so, finally we may have some good news for you, especially if you have mortgages against these properties and you are a higher-rate tax payer. The […]

A new selecting licensing scheme is to go to the government for approval – but councillors don’t want landlords to add the licensing fee to a tenant’s rent. That’s the call from Nottingham City Council which says it ‘does not believe landlords will need to increase tenants’ rent to cover the cost of a licence […]

If you are a Scottish landlord now buying properties in England because the policies are more favourable than in Scotland, Alexa Phillips, the personal finance reporter for the Telegraph would like to speak with you. Alexa would be interested to know: Which part of England are you buying in? When was this? Have you sold […]

Hello, I am the owner of a flat in north west London, managed by a managing agent – there’s no residents’ association. The managing agent fails to respond to emails, has not provided audited financial statements requested many times, does the absolute bare minimum to maintain the property and does not attend to or look […]

Hello Property118 I need your help. In 2000, an equity charge was placed on my home by the Child Support Agency. The following year my children’s mother died and I took on the care of my children and I went from running a successful business to being supported by benefits, about 10 years later. The […]

Landlord association iHowz has called on the government to publish the new Energy Performance Certificate (EPC) and Minimum Energy Efficiency Standard (MEES) requirements for the private rented sector (PRS). It says that landlords are still ‘none the wiser’ about what EPC rating will be required or when this will be published under the outstanding MEES […]

Hello, I have a tenant in my house who paid rent for the first year and then started creating problems, allowing cats and dogs to mess all over the lawns, then finally decided she doesn’t need to pay rent which she stopped last July. My lawyer put in an application to the tribunal which was […]

Landbay has revealed that it has made further reductions of up to 30 basis points on its five-year fixed rate Special Edition buy-to-let mortgage range. Rates start at 4.29% and the reductions apply to standard properties with LTVs of 55%, 65% and 75%. There is a variable fee structure of between 2% and 7% to […]

Hello, I’m the director of a Right to Manage Company, the roof space was sold many years ago and the developer now has consent to build on the roof. The Freeholder has told the management company we use that it is our responsibility to deal with this, arrange party wall agreement etc – not theirs, […]

Landlords and agents in Scotland are to seek a Judicial Review of the Scottish Government’s rent control and eviction ban legislation. A coalition of the Scottish Association of Landlords (SAL); Scottish Land and Estates (SLE) and Propertymark is to submit a Petition to the Court of Session in Edinburgh. They believe the law is ‘disproportionate […]

If you’re anywhere near to being as passionate about property as I am, Netflix reality TV shows such as Selling Sunset are likely to have come onto your radar at some point. Love or hate the program, there is always something to learn from every episode, and that’s aside from getting a sneaky peak at […]

Hello helpful peeps. I am wondering if a Lender’s Early Repayment Penalty can be used as a Capital Cost and offset against CGT? Many Thanks. Helen Hi Helen, My colleague Alex Norian who is an accountant and a Property118 tax consultant has very helpfully provided a Loom video to answer your question In summary, generally, […]

A bid by a landlord to get the Government to reinstate tax relief allowing mortgage interest to be set against rental income has been shot down after the petition reached 28,000 signatures. Simon Foster started the petition on the Government website to reinstate the full amount of mortgage interest against rental income before tax is […]

Everyone knows that the UK property market is starting to come down, but no one knows how far it will fall, or when it will hit bottom before it starts to bounce back. The problem is, that if you have not invested in a falling property market, (the last time being back in 2008), how […]

Hi all, I have been listening to many reports on the news and most recently a representative of Shelter on Rip Off Britain. Whilst I fully agree some properties are in a bad state of disrepair and mould, however the majority of landlords keep there properties in EXCELLENT condition. Where is the landlords’ voice? Why […]

Hi, Can anyone please advise me on an ongoing situation? A close friend of the family brought a property to rent out some years ago, but instead let her son and his girlfriend move in as a favour. The idea was for them to pay minimal rent, enough to cover her mortgage so they could […]

Hello, A client of mine has a BTL mortgage and for various reasons cannot find a tenant. They are looking at doing the house as a HMO instead as there’s more demand, however their mortgage company doesn’t offer HMO mortgages and re-mortgaging would be prohibitively expensive due to rate increases. What could happen if they […]