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Where student landlords can earn the best yields tenants property118.com

Where student landlords can earn the best yields

6th September 2022

The British towns and cities where student landlords can earn the best yields have been revealed. According to Paragon Bank, landlords letting to students can achieve the strongest yields in smaller single university towns and cities. The bank has analysed mortgage applications for properties located in popular student postcodes – and found that student accommodation […]

fair means equakl tenants landlords property118.com

Fair Means Equal

6th September 2022

Hello everyone, the levelling up proposed by ministers is good only if it is equally distributed amongst the PRS AND local councils. I used to manage an HMO in Camden, London, where the local council demanded both Grade A and Grade D fire alarms, whilst the very next house, a Camden-owned HMO, had no integrated […]

Buy to let sign outside a residential property highlighting changes in mortgage rates

London rental properties letting within minutes

5th September 2022

One lettings agency in London says that tenant demand is so great in the capital for rental properties that many homes are being let within minutes of becoming available. Benham and Reeves point to demand created by the return of professionals and international students, along with the growing shortage of available properties to rent, for […]

landlord numbers UK increases property118.com

Number of landlords in the UK increases – claim

5th September 2022

Despite the Government’s best efforts, the number of landlords within the British rental market has climbed by 2.4% since 2016/17, research reveals. The findings from Total Landlord Insurance, who examined a Parliamentary answer, show that: There are nearly 2.6 million landlords – a 2.4% increase over the last three years London is not only home […]

letting agents PRS landlords property118.com

Major report will reveal letting agents’ concerns over sector

5th September 2022

Letting agents across the UK are increasingly concerned about lack of stock as well as the state of the economy – as 10% of landlords have already left the sector and more are expected to follow suit in future. More than 2,600 agents, landlords and tenants have taken part in this year’s ‘State of the […]

Campaign to start protecting landlords?

5th September 2022

Hi Property118 readers, I am writing to request if you could share my petition  – on change.org >> Click Here I know many landlords registered may agree with me. National Tenants Database to tackle rogue tenants costing landlords thousands of pounds “Campaign to start to protect landlords, utility suppliers, local councils from the rogue fraudster, […]

Are commercial valuations appropriate for higher yield HMOs?

5th September 2022

I’m hoping to sell my portfolio of 4 x HMOs in Aberdeen. 2 are 5-bedroom flats with a yield of around 8% depending on valuation, but the other 2 properties are larger (12 bed and 9 bed) and have higher yields of 14-15% – again depending on valuation. Is a commercial valuation more appropriate for […]

5-year electrical safety tests for PRS?

5th September 2022

Hi. I have four properties and yes all with recent electrical safety certificates. The solicitors have advised that the certificates do not have a 5-year valid period stating only the date that the certificate was issued/certified. I think they are mixed up. The safety test and certificate is really only valid on the day it […]

flat damage tenant landlord property118.com

Who is responsible for flat damage?

5th September 2022

Hello everyone, A tenant went on holiday for a month, came back and her flat had been robbed. Thieves had damaged the windows and wooden flooring, made a mess elsewhere so a deep clean will be needed. She claims it’s my responsibility to make all good again and organise a clean and fix the windows. […]

rent to buy landlords tenants property118.com

Is rent to buy a good option?

2nd September 2022

Hello everyone, The sale of one of my rental properties fell through at exchange due to the breakdown of the chain lower down. My buyers are still really keen to buy it but need to re-sell their property. They are currently renting and the property they need to sell is empty but requires a bit […]

Landlords Selling Up – An Opportunity?

2nd September 2022

Simon Zutshi is a prolific property investor with an ear very close to the ground, and lately, he hasn’t exactly been quiet about what he believes to be the buying opportunity of the decade. The opportunity has arisen from landlords leaving the market in record numbers. Ever the contrarian investor, Simon is going all-in on […]

NRLA criticises plans for PRS Decent Homes Standard

2nd September 2022

The National Residential Landlords’ Association (NRLA) says that the government should not be considering a move to extend the Decent Homes Standard from social housing to the private sector. Instead, it should be focused on simplifying existing laws that target criminal landlords. When the plans for a Decent Homes Standard for the private sector were […]

New Decent Homes Standard proposed for the PRS

2nd September 2022

The government has unveiled a consultation for a new Decent Homes Standard for the private rented sector – and it could be the biggest shake-up for landlords in 30 years. This is the first time that a standard has been put forward for the sector and the government wants to hear the views from landlords, […]

UK rents landlords tenants property118.com

UK rents continue rising to new heights

2nd September 2022

Every region in the UK has seen annual and monthly rent growth with the average price now standing at £1,143, one index reveals. According to HomeLet, the average rent in August grew by 8.5% from last year – and rose by 1.4% from July’s figure. However, the highest rents are in London where tenants are […]

Property for sale and rent signs outside UK homes highlighting active rental market

Low-yielding landlords to leave PRS when house prices ‘flatline’ next year

2nd September 2022

Landlords and property investors are being warned by a real estate firm that house prices will ‘flatline’ in 2023 as interest rate rises will cool the market. And it will be low-yielding landlords that will be forced to leave the PRS because of higher mortgage costs and having more legislation to deal with. Aneisha Beveridge, […]

UK annual house price growth landlords capital property118.com

UK’s annual house price growth slows to 10%

1st September 2022

The UK’s annual house price growth slowed to 10% in August – down from July’s 11%, according to the latest Nationwide house price index. The data also reveals that prices rose 0.8% month-on-month after seasonal effects were taken into account. And the average house price is £273,751 – that’s a £50,000 increase in just two […]

Student landlord periodic tenancies agents property118.com

Student landlord fears over periodic tenancies dismissed

1st September 2022

It looks like student landlords will have to move to periodic tenancies for their rental properties – according to the Department for Levelling Up, Housing & Communities (DLUHC). While the Renters Reform Bill has still to make its way through Parliament, the DLUHC is responding to landlord fears with a letter that states: ‘While we […]

carbon monoxide alarms

Landlords warned over mandatory smoke and carbon monoxide alarms rule

1st September 2022

There’s just one month left before landlords – or their agent – must meet the mandatory requirement of fitting smoke and carbon monoxide alarms to their rented properties. The rules state that all rental homes in England – including buy to lets, licensed and unlicensed HMOs – must provide a carbon monoxide alarm in rooms […]

Scotland PRS landlords agents tenants property118.com

Scotland’s PRS is forcing ‘unappreciated landlords’ out

1st September 2022

Scotland’s unappreciated landlords are being forced from the PRS, a letting agent says. The warning comes from Riccardo Giovanacci who says that more needs to be done to attract more landlords into the PRS – rather than driving them away. He warns that the role of landlords will only become more important because they provide […]

Tenant Track and Trace – GDPR?

31st August 2022

Hi All, I have a tenant who is subletting (I don’t know any details of their agreement except that the person is living in the room and causing a lot of issues with the other flatmates) and now has stopped paying rent in response to me serving a S21 on him. I have served a […]

This Friday: Update your property knowledge

31st August 2022

If you want to be a successful property investor, it’s really important to keep up to date with changes in the property industry such as finance, legislation and market trends etc. There is a lot happening right now, not to mention the 80% increase in energy costs, Inflation now officially being over 10% (and probably […]