Hi, Our tenant has given us a notice. I advertised my property and arranged a viewing. I asked permission of the tenant – Can I show the property as they were not available and were out during viewings. They happily agreed. I showed the house and locked the house before leaving the property. Later my […]

Landlords and letting agents in England have new Right to Rent rules to follow after measures that were brought in during the Covid lockdown ended. And Propertymark, the professional body for property agents, is warning that the changes do not mean a return to in-person checks. The rules changed on 1 October because Covid adjusted […]

The personal finance reporter for the Telegraph, Alexa Phillips, is looking to speak to landlords who are not planning on selling their properties but are likely to be forced to increase rents to avoid financial problems. Any feedback will be used for a feature looking at landlords’ stories and experiences on how higher mortgage rates […]

I cannot stay silent any longer because the continued attack on landlords will end in tears for us, tenants and the government. I was taken aback when the Scottish government announced that it was introducing legislation for a rent freeze without any negotiation or discussion with the private rental sector in the country. I was […]

The latest data from Nationwide shows that there has been a slowdown in annual house price growth to 9.5% in September – from 10% in August. The survey shows that 10 of the UK’s 13 regions recorded slower annual price growth in the third quarter of the year. However, the South West was the strongest […]

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers, will be presenting in person an overview of several landlord tax strategies at the pin Birmingham Central meeting Thursday 6th October. The Birmingham Central pin Meeting will be held at The Birmingham Conference & Events Centre, Hill Street, Birmingham, B5 4EW Hosted by […]

Hi, I purchased a flat in a block of flats – the management of which the local council has contracted out to a company. I am one of a few leaseholders paying a service charge and ground rent to the company. The problem I am facing is the constant number of letters that the company […]

Chancellor Kwasi Kwarteng is being urged by one landlords’ organisation to adopt a cost-of-living plan for the private rented sector as tenants and landlords face ever-growing costs. The National Residential Landlords’ Association (NRLA) has written to the Chancellor warning that while private rents are increasing by less than inflation, it is rising energy, food and […]

The Welsh Government has launched a consultation on plans to extend the notice period that landlords are required to give for converted contracts after the Renting Homes Wales Act comes into force on 1st December. That’s when all tenancy agreements in Wales will be known as occupation contracts and tenants will be ‘contract-holders’. Even tenancies […]

England’s rental market is returning to good health with a significant reduction in void periods and costs compared to last year, research reveals. Voids are one of a buy to let landlords’ biggest pain points since an empty property means no rental income. And, according to research from Total Landlord Insurance, voids also offer a […]

The rules for smoke and carbon monoxide alarms in England’s rental properties have changed – and landlords and agents need to understand the new rules. The move is part of the Government’s plan to create a ‘safer, better and bigger’ PRS. It’s worth noting that the changes do not appear to be vastly different – […]

Hello everyone, I have recently had a fire risk assessment conducted on my HMO property. The report indicates the doors are not compliant as they have no seals and only two hinges instead of the required three. The closing mechanisms are also faulty and the door frames and doors are not aligned properly. The question […]

Hi, Just checking mortgage borrowing rates this morning and came across two products with NatWest and The Royal Bank of Scotland, both asking for EPC’s of A and B to apply for their best fixed rate mortgage products on a five year fixed rate deal! Talk about kicking people when they are down. If this […]

My wife and I have nearly £2,000,000 on fixed-rate mortgages that are due to expire in January 2023 – YIKES! The LTV across our portfolio is somewhere between 40% and 50% and in recent years our rental income has been apportioned at around 33% finance costs, 33% other expenses and 33% profits. We have calculated […]

Hi, I’m renting out one property through a local estate agent, paying 11% of the rental value to them. I have really good long term renters in and happy to keep the renters (renewed in March for another 12 months). However, I want to change estate agents. Does anyone have experience of this without having […]

Scotland will be the first country in the UK to officially monitor short term lets by requiring all councils to have an operational licensing system in place. The Short-Term Lets Licensing Order takes effect on 1 October 2022 and is aimed at ensuring an even playing field within the short term let market. By licensing […]

Demand from tenants for a home to rent is creating a market that is like a ‘pressure cooker getting hotter’. That’s the verdict from Nathan Emerson, the chief executive of Propertymark, who says that the number of new tenants being registered per member branch reached a new peak at 141 in August. But the supply […]

Anyone buying a home for less than £225,000 in Wales will pay no tax, the Welsh Government has announced. The threshold for paying Land Transaction Tax (LTT) is being increased from £180,000 to £225,000 with the change coming into force on 10 October 2022. There will also be a small increase in the rate of […]

The UK’s housing market is slowly transitioning into a buyers’ market as higher mortgage rates hit household buying power by up to 28% – and asking price reductions return to pre-pandemic levels. That’s the verdict of Zoopla’s August House Price Index and they also highlight that stamp duty changes will support lower value markets and […]

With interest rates spiralling, the pound sterling plunging and recession looming, what does this all mean for property investors & property prices? Stay tuned to find out in this Mini Budget Property Update. Please click on the video below:

The Bank of England has revealed that it is launching a bond-buying programme in a bid to prevent ‘material risk’ to the UK’s financial stability. The bank says it is going to restore ‘orderly market conditions’ and buy as many long-dated government bonds as needed from today until 14 October. The move follows the market […]