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landlord news decent homes standard property118.com

Decent Homes Standard consultation ends on Friday

11th October 2022

Landlords who want to express their views about the Government’s Decent Homes Standard proposals have until Friday to do so. That’s when the six-week consultation period ends and opinions about the new standard that was unveiled in the Fairer Private Rented Sector White Paper will see social housing sector standards being met by the private […]

landlord uk question garden gate property118.com

Do I have to take my gate down?

10th October 2022

Hello, The access to the front of my property is through a neighbour’s garden. It is an agreed width – 12 ft. We own the boundary. The properties are at the end of a cul de sac, up a narrow drive. Their ‘garden’ is their car park. Our front garden has space for a car […]

landlord uk question wales rents property118.com

Residential rents in Wales?

10th October 2022

Hello, In recent months I purchased several residential rental investments in Wales. The rents for a few of these are currently significantly below market value. When I purchased these, it was my intention to ease the rents up over the next 12 to 18 months, unless there was a change of occupier. As it is […]

Nicky Stevenson letting agent landlord property118.com

Unintended consequence of the mini-Budget is a renter demand boom

10th October 2022

One of the unintended consequences of the Government’s recent mini-Budget could be more demand in the rental market, says one leading industry figure. That’s the view of Nicky Stevenson, the managing director of Fine and Country, who adds that with the prospect of rising interest rates, would-be purchasers may opt to ‘wait and see’, choosing […]

Residents-only parking bay markings on a shared residential car park

Can my freeholder charge me VAT on purchasing a parking space?

10th October 2022

Hello, I have a leasehold flat that I bought 4 years go, it’s about 50 years old, above shops. I thought I had parking allocated as there is parking which we’ve been using, and we were told parking was included, recently they have outsourced management to a parking company. Unfortunately, I didn’t read the lease […]

landlord question S21 property118.com

Can I issue a Section 21?

10th October 2022

Hello, I have a few properties tied into mortgages. I will be selling due to S24, the White Paper and EPC regs due to come. My question is: Can I serve a S21 now to my tenants but with a date to move out in approx two years time to avoid problems evicting them? Would […]

Two people signing a rental agreement with house keys and a model home on the table.

Letting agents need to be aware of Right to Rent changes

10th October 2022

Letting agents are leaving themselves open to fines or imprisonment if they fail to comply with the new guidelines for Right to Rent, one technology firm says. From 1 October, the UK government introduced new rules for both Right to Work and Right to Rent but Credas Technologies says there is a potential lack of […]

7 top tips to consider before you purchase an existing HMO

10th October 2022

If you’re looking to invest in HMOs or want to expand your existing portfolio, then buying an existing HMO with tenants in situ can be an attractive option offering landlords a guaranteed income with no additional tenancy-find fees and a potentially lower refurbishment cost. However, it is not without pitfalls, which can be complicated and […]

Meet Mark Smith (Barrister-At-Law) Landlord tax planning strategies – PPN Bournemouth

10th October 2022

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 Progressive Property Network Bournemouth meeting Thursday 20th October. Ocean Beach Hotel & Spa, 32 East Overcliff Drive, Bournemouth, BH1 3AQ – Hosted by Leigh Ashbee PPN Bournemouth is an […]

Council dodges a fine that would have cost a private landlord £76million

7th October 2022

A council that breached the Home Standard after it was found to have 3,000 fire doors overdue for replacement has not been fined by the sector’s regulator. The English regulator’s latest judgements reveal that the London Borough of Redbridge Council also had 2,000 properties with no electrical installation condition report (EICR). If a private landlord […]

landlord question allowance property118.com

Is this a compromise?

7th October 2022

Hello, Maybe this would work to help the BTL market to lessen the blow. Increase the 20% tax credit to 40% but allow landlords just 30% and pass over the 10% to the tenant to reduce rent or pay for their energy bills. Tenant happy, landlords get another 10% relief so they should be happy […]

readers question pay rood repairs property118.com

Who is responsible for paying for roof works?

7th October 2022

Hello, Can anyone help? We are leaseholders in a 1980s block of about 20 flats in Chiswick. About 10 years ago the roof was replaced. Our current surveyor claims that the roof now needs replacing at great expense. He claims the works were badly carried out by the roofing contractor and the then surveyor did […]

ladlord question covid advice property118.com

Help with Covid impact statement?

7th October 2022

Hi, I just wondered if anyone knows if I still need to file a notice of Coronavirus impact on tenants after completing the N5b form? I can’t find any up-to-date information on the government website. Thanks, Neil

landlord news scotland rent freeze property118.com

Scottish emergency legislation for rent freeze passed

7th October 2022

A controversial law to bring in a rent freeze and a ban on evictions in Scotland until March next year has been passed. The Scottish government refers to the temporary new law as a ‘tenant protection bill’ and it will now see tenants being protected from rent rises and evictions during the cost-of-living crisis. The […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

Housing crisis? What housing crisis?

7th October 2022

I scoured the Conservation Party’s agenda – all 120 pages of it – for their conference in Birmingham this week, and did I find any mention of the ‘housing crisis’ that we are suffering from? You know the one. Awful landlords putting up rents, pushing families onto the streets – running dilapidated properties and telling […]

House prices fall as the market cools

7th October 2022

The UK’s house prices fell slightly in September and the market is showing signs of cooling, Halifax reports. The latest house price index shows that prices dropped by -0.1% with house buyers worried about rising mortgage interest rates. However, the annual rate of growth fell +9.9% – down from August’s figure of +11.4%. Halifax says […]

Scottish Parliament

Propertymark gives evidence on Scottish rent freeze legislation

7th October 2022

Scotland faces a shortage of homes to rent with landlords selling up and more will follow with the introduction of rent controls, a committee was told. Timothy Douglas, Propertymark’s head of policy and campaigns, was giving evidence to the Local Government, Housing and Planning Committee of the Scottish Parliament when he warned of the impact […]

Mortgage rate percentages representing falling BTL and bridging loan rates for landlords

Mortgage stress tests will be ‘the death of BTL’

7th October 2022

With just a handful of BTL mortgages available currently, buy to let landlords will struggle to find fixed-rate mortgages, finance experts are telling media outlets. And one mortgage adviser says that as stress test rates remain high, these will be ‘the death of buy to let’. FT Advisor says that mortgage brokers are surprised with […]

landlord news selective licensing property118.com

Consultation to expand a city’s selective licensing begins

7th October 2022

Landlords and the public are being urged to take part in a consultation that would see the extension of a city’s selective licensing scheme. There are currently seven areas with licensing in operation, but this would extend to eight new areas in five council wards. Landlords would have to pay £800 – which is broken […]

Lizz Truss ‘fails to calm housing market’

7th October 2022

The Prime Minister has failed to calm growing concern about the turbulence in the housing market, a leading property association has warned. The National Association of Property Buyers (NAPB) said she had ‘missed an opportunity’ in her speech to the Conservative Conference in Birmingham to address the fears many people have about their chances of […]

Landlord question S21 S8 property118.com

S21 Notice to Quit?

6th October 2022

Hello, Can someone please clarify what is going to happen to the S21? I understand that it is going to be abolished but what does this mean for landlords? Does this mean that if the tenant always pays their rent and is no problem that we would never be able to claim our property back […]