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landlords property alert HMLR agent fraud property118.cm

Landlords urged to thwart fraudsters with the ‘Property Alert’ scheme

17th August 2022

New figures obtained from a Freedom of Information request show a 300% increase in the number of homeowners signing up to a property alert scheme to protect against fraudulent property transactions – and landlords are at particular risk. The data comes from Thirdfort, a risk management platform, which found that 135,624 property owners registered for […]

tenant training and support landlords property118.com

Government cash to teach social housing tenants to complain

17th August 2022

Social housing tenants will be able to get training and support to speak up and complain about issues with their landlord, the government has announced.  A £500,000 grant to provide training, boost confidence and offer toolkits for residents on a range of social housing issues has now opened for bids. The Resident Opportunities and Empowerment […]

What is the Universal Credit maximum rent landlords agents property118.com

What is the Universal Credit maximum rent?

17th August 2022

Hello everyone, How do landlords with long term tenants achieve the best rents when they let to tenants receiving Universal Credit? I generally keep my rents low for existing tenants. If they are paying the rent and looking after the property I’m happy and for peace of mind I’m happy to reward them for my […]

tenants’ fear becoming homeless agents landlords property118.com

One-fifth of tenants’ fear becoming homeless

17th August 2022

New research has found that just over one in five (21%) of adults in the UK are ‘seriously concerned’ about becoming homeless within the next six months. The survey of 2,674 renters over the age of 18 was carried out by the personal finance experts at myfavouritevouchercodes.co.uk amid the ongoing cost-of-living crisis. The firm says […]

HMO bedroom landlord agent property118.com

Why do HMO bedroom requirements matter?

17th August 2022

Hello everyone, I have a 3 bedroom flat, that was rented to 3 sharers (friends on 1 AST) for over 10 years. It has 2 doubles and a large single. The new rules meant that I either had to rent it out as a 2 bedroom flat, or register it as an HMO. The rules […]

Student accommodation landlords uni property118.com

Warning of a ‘Tsunami of students’ struggling to find accommodation

16th August 2022

UK rental guarantor service Housing Hand has warned that A level results day is likely to trigger a tsunami of students struggling to find accommodation for their university places. The warning comes in light of unparalleled demand for university accommodation, with real estate firm Cushman & Wakefield reporting that a record 2.18 million full-time students […]

What is a guarantor's suitability and need property landlord agent118.com

What is a guarantor’s suitability and need?

16th August 2022

Hello everyone, I am being told, I think, some unusual things about the need for guarantors by a large national agency. First of all they said there was no need for a guarantor if the tenant met the 2.5 times criteria and refs and the credit history were ok. The let currently being arranged means […]

Council demand for 18 years of council tax - but tenant has already paid property118.com

Demand for 18 years of council tax – but tenant has already paid

16th August 2022

Hello everyone, We have a rented property which we have rented to the same tenant since 2003, a verbal tenancy of 6 months minimum then periodic. The council sent us a demand in December last year for 18 years worth of council tax including uplift for an empty property, a bill of £33,000, even though […]

Shadow Housing Minister backs NRLA calls on Rent Smart Wales property118.com

Shadow Housing Minister backs NRLA calls on Rent Smart Wales

16th August 2022

The Welsh Shadow Minister for Housing, Janet Finch-Saunders, has backed the NRLA’s calls to improve Rent Smart Wales (RSW) for landlords and tenants. The MS for Aberconwy agrees with the NRLA that Rent Smart Wales should: Publish annual performance statistics that help give a clearer picture of how it is performing and inform policy-making more […]

4 Obstacles Buy To Let Landlords Face When They Incorporate

15th August 2022

Incorporation of your Buy To Let Properties has its obstacles. In this video, Alex Norian from Property118 and I will tell you the 4 obstacles Buy To Let Landlords face when they incorporate and how to tackle them. Please click on the video below:

Media Support for Landlords?

15th August 2022

Ben Beadle of the NRLA has managed to have a much-needed article in support of the PRS published in the Telegraph on Monday 8th August. https://www.telegraph.co.uk/property/buy-to-let/next-prime-minister-needs-undo-damage-unleashed-landlords/ I don`t know how he managed it but with any luck, there may be follow-ons. Entitled “The next prime minister needs to undo the damage unleashed on landlords” it […]

How do I identify a freeholder? landlords property118.com

How do I identifying a freehold owner?

15th August 2022

Hello everyone, How do I identify the freehold owner of a 999-year leasehold, 2 bed terraced property? I would like to buy the freehold. Also, is it possible to get a ground rent of £1.60 per year to be removed from a leasehold property if it is not being collected? Thank you. Sailus

Consent to let from Freeholder landlord property118.com

Do I need consent to let from the Freeholder?

15th August 2022

Hello, Do I need consent to let from the Freeholder when I am planning to get a potential tenant on an AST? According to the Section X of the lease document: “To sublet the whole or any part of the Premises save that an underletting of the whole of the Premises with the prior written […]

Refund for damages out of tenant's deposit property118.com

Refund for damages out of tenant’s deposit

15th August 2022

Hello everyone, Based on the level of damage at the end of a tenancy, the tenant agreed to refund me £550 out of his £750 deposit, which was paid to me by the letting agency. Then the agency submitted a claim for the remaining £200 to DPS on my behalf. The arbitrator has now decided […]

Help with independent subsidence claim needed landlords property118.com

Help with independent subsidence claim needed

15th August 2022

Hello, Can anyone suggest where I can find a genuinely independent firm to oppose/fight disinterested insurers for a subsidence claim? There are dozens of biased loss adjusters etc who are paid well by insurers, and civil engineers are not really what’s needed to take on insurers. Any help or advice anyone? Thank you. Grahame

Student HMO rentals landlords agents property118.com

Are student HMO rentals in decline?

15th August 2022

Hello everyone, My 4 bed Victorian terrace in Leicester, a big university city, has been rented to students for 7 years through an agency. Last year was a struggle to rent and there have been no viewings for the next academic year starting in September. How can I tell if my agent is slacking or […]

winter rent arrears crisis as energy costs propert118.com

Fears over winter rent arrears crisis as energy costs soar

13th August 2022

The soaring cost of energy is causing hardship for many families, and is only set to get worse. Landlords need to keep communicating with tenants – and ensure their rents are protected. Landlords face a “perfect storm” from potential rent defaults and rising mortgage interest rates this winter, as energy prices soar. Leading insurers say […]

Properties Urgently Required – Exclusive P118 members deal

13th August 2022

Lettingsupermarket.com™ urgently requires stock having let 80 properties in the last 4 weeks.  We have huge tenant demand and a list of 1000+ tenants who have registered their interest in the last 4 weeks. Exclusive to new property118.com clients Lettingsupermarket.com™ is offering 3 months of free management on all properties let on the full management […]

The Property Investment Strategies To Focus On In A Recession

12th August 2022

The property investment strategies to focus on in a recession presented by Ranjan Bhattacharya at the Baker Street Property Meet. We’re in for the worst recession the UK has seen, so don’t waste your time and money on property strategies that won’t work in the near future. In this video, I outline the single greatest […]

Hand reaching toward a house-shaped safe representing secure rental deposits

What can a tenant’s deposit be used for?

12th August 2022

Hello everyone, I have had a housing benefit tenant, with the rent paid by Universal Credit, since April 2021 and the tenancy ends on 31 October 2022. The rent for April and May was paid on time by Southwark council but I was only notified by the tenant at the end of June 2022 that […]