Page 359 – Property118
Landlord leaseholders ground rents property118.com

Landlord leaseholders to get refunds from rip-off ground rents

26th August 2022

Action by the Competition Markets Authority (CMA) will see landlords who are leaseholders paying a doubled ground rent receiving a refund from the rip-off practice. And nine more companies will remove these costly terms from their leasehold contracts. Sarah Cardell, the interim chief executive of the CMA, said: “For years leaseholders have been plagued by […]

Landlord insurance claims malicious tenant damage property118.com

Landlord claims for malicious tenant damage rocket by 50%

26th August 2022

While the number of landlord insurance claims increased by 13% during the pandemic, those for malicious tenant damage were among the fastest growing causes of a claim, research reveals. And the firm’s lead claims specialist says the huge rise for malicious tenant damage could be that ‘Some tenants might have grown to feel resentment towards […]

London HMOs landlords tenants property118.com

London is home to a quarter of the nation’s HMOs

26th August 2022

Almost a quarter of all HMOs in England are located in London (24%), however, it is the South East and East Midlands that currently offer the most opportunities for investors. That’s according to the latest market analysis by Revolution Brokers, who looked at how HMO levels are distributed across the nation. They also looked at […]

government action housing benefits rent paid property118.com

Call for government action on gap between housing benefits and rent paid

26th August 2022

Low-income tenants across England are facing a ‘housing black hole’ due to soaring rents and the freeze on housing benefit leaving a huge shortfall in genuinely affordable homes, according to a new report. The research reveals that only 12% of rental properties listed in the last year were affordable to those in receipt of housing […]

Tenant search terms 'Bills included' rightmove landlord tenant property118.com

Tenant search terms put ‘Bills included’ in first place

26th August 2022

The effect that the rising cost of living and record rents are having on people searching for a new place to rent has been revealed – with news that ‘bills included’ has jumped into the top position for the users of one property platform. According to Rightmove, users who prioritise their search results by choosing […]

Cavity wall insulation to get block down to EPC rating C?

25th August 2022

I have a flat I rent. It is 1 of 4 in a block. It is located on the first floor. The other flat on the same floor is also rented. The 2 flats on the ground floor are both privately owned. The flats have an EPC rating of D. This is going to cause […]

Airbnb council social housing sub-letters property118.com

Airbnb helps council to catch social housing sub-letters

25th August 2022

Airbnb is working with a council to stop social housing tenants from using the site to illegally sublet their homes. The short-term rental platform will give payment data to the Royal Borough of Kensington and Chelsea who believe that some tenants are renting out their properties on the platform to tourists. And, if this process […]

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

Renter’s Reform Bill not fit-for-purpose when it comes to HMOs

25th August 2022

As the government continues to work on the proposed Renters Reform Bill, we will be urging them to reconsider the impact of proposals in the white paper on multiple occupancy properties.  Although the Bill specifically exempts purpose-built student accommodation, there is no clear mention of excluding professional or student Houses in Multiple Occupation (HMOs). Some […]

Property maintenance landlord agent costs property118.com

Property maintenance costs account for a fifth of rental income

25th August 2022

Landlords are being warned that their rental property maintenance costs now account for more than a fifth of the average rental income of a property. According to research by property maintenance solution provider, Help me Fix, the average cost of repairs has risen by 4.7% since the start of the year. The firm has analysed […]

19% inflation and 6% Bank Base Rate

24th August 2022

Only this week, Citibank predicted that UK inflation would exceed 18% by January next year and that the Bank of England would feel compelled to increase the base rate to 6%. How many of us are prepared for this? Whilst some of our readers will have have vague recollections of high inflation in the 1970’s […]

landlords tenants 'no fault' evictions property118.com

One in four landlords will sell-up if ‘no fault’ evictions are abolished

24th August 2022

Government plans to abolish controversial section 21 ‘no fault’ evictions could lead to a quarter of landlords selling their property, research reveals. A poll of more than 700 landlords gauged reactions to the government’s ‘Fairer Private Rented Sector’ white paper, which sets out a range of proposals – from removing ‘no fault’ evictions and the […]

Rent Smart Wales landlords service property118.com

Rent Smart Wales is ‘failing its users by closing phone lines’

24th August 2022

The National Residential Landlords’ Association (NRLA) has hit out at Rent Smart Wales after concerned landlords contacted them to say the helpline service has been closed. As a result, NRLA contacted the organisation to discover why the service had been closed. Rent Smart Wales (RSW) confirmed that the service – which is run for the […]

Student landlords fixed term tenancies property118.com

Any out of the box suggestions for the end of student fixed term tenancies?

24th August 2022

Hello everyone, All of us as landlords are affected in different ways by the raft of HMRC taxation and government regulation. As a student landlord of 25 years I am struggling to understand how the end of fixed term tenancies will benefit student tenants despite listening to arguments from Shelter and NUS. Their arguments made […]

landlord borrowing BTL mortgage property118.com

Borrowing gets tougher for hard-pressed landlords

24th August 2022

Good buy-to-let mortgage deals are getting harder to find, with interest rates rising and products being pulled from the market. Landlords looking to buy or remortgage face a much more restricted choice as the Bank of England (BoE) starts to hike interest rates. Data from Moneyfacts shows that the average fixed-rate buy-to-let deal has now […]

How to find status of unadopted lane?

24th August 2022

There is a lane at the back of one property (well, at the back of the entire terrace). I don’t know how to find out whether it is private, just unadopted or what. I want to find out as I think the Council might be trying to take it over in order to build on […]

Right to Buy London landlords councils agents tenants property118.com

Right to Buy earns London’s councils £3.415bn in 10 years

24th August 2022

Over the last decade, more than 23,000 homes have been sold under the Right to Buy (RTB) scheme to London’s council tenants which equates to 5.6% of the total local authority-owned housing stock. The market value of the homes sold via RTB across the London market is an astonishing £3.415bn in the last 10 years. […]

Haringey Council Selective Licensing Scheme Spells More Misery For Both Landlords and Tenants

24th August 2022

Haringey Council are the latest to introduce Selective Licensing, but this latest iteration of far too many Council’s preferred money grabbing scheme to swell their coffers includes additional EPC rating conditions that are highly likely to further exacerbate the acute shortage of quality rental properties in their area. Landlords who let their properties in the […]

landlords evict tenants sell up property118.com

More than a quarter of landlords who evict tenants do so to sell up

23rd August 2022

It has been revealed that 26% of landlords who have issued a Section 21 notice of eviction to their tenants in the last 12 months have done so because they plan to sell their property. The survey was carried out by Landlord Action, a housing law specialist and part of the Hamilton Fraser Group, and […]

Haringey HMO Selective Licensing scheme approval property118.com

London borough’s Selective Licensing scheme approval

23rd August 2022

A new property licensing scheme has been approved to provide safe and warm housing in Haringey. The council says that for some rental properties in the east of the borough, landlords will be helped to improve the property’s energy efficiency rating. There will be ‘support and education’ available for landlords to improve the property and […]

Tenants opt to stay put as rents rise landlords renters property118.com

Tenants opt to stay put as rents continue to surge

23rd August 2022

A lack of homes to rent is causing tenants to remain in their homes, research reveals. In its latest report, Propertymark says that 73% of letting agents say they have seen an increase in renters wanting to renew tenancies rather than move over the past year. They state: “With the recent lack of stock, it […]

Rising rents tenants landlords property118.com

Rising rents see tenants ‘losing’ a bedroom in two years

23rd August 2022

Strong rent price growth means that tenants have lost a bedroom when spending the same amount of cash as they did in 2020, research reveals. The findings from Hamptons show that the average two-bed rental property at £1,068 per month today is what renters were spending for the average three-bed rental just 16 months ago. […]