Page 367 – Property118

7 Steps For Recession Success Over The Next Five Years

13th July 2022

7 steps to succeed in recession over the next 5 years presented by Ranjan Bhattacharya at the Baker Street Property Meet. History is repeating itself, it’s like we’re back in the 1980s! However, Uk property investors can use this past and present data to predict the future of property over the next five years and […]

Property Redress Scheme Seeks 15 New Advisory Panel Members

12th July 2022

The Property Redress Scheme (PRS) was launched in 2014 and is the UK’s largest lettings redress scheme with over 13,250 letting agency branches covered. All estate agents, lettings agents and property managers in England and Wales must become members of such a scheme with the fine for non-participation up to £5000. The Government’s intention in […]

Your last chance to sell your property portfolio for the best price

11th July 2022

You may think that you’ve missed your chance to sell a property portfolio for the best price, but surprisingly, the markets are showing otherwise. According to the Halifax, property prices are defying the current economic downturn by continuing to rise. However, the situation cannot last, and price growth is almost certain to slow soon, with […]

Unsatisfactory EICR rating relating to a cooker!

11th July 2022

Hi All, when I conducted an EICR last year, I received an ”unsatisfactory” rating C2. Due to ”6mm cable on 40a mcb”. Looking at the details in the schedule at the back, this is in relation to the Cooker. Details are as follows for any electricians who can provide some advice, on whether the rating […]

Brownfield Land Release Fund

11th July 2022

Apparently, there is still some government work being carried out – Derelict and underused brownfield sites across England will be used to build thousands of new homes – the Department for Levelling Up, Housing and Communities announced 8th July 2022. From today, councils will be able to apply for a share of the new £180 […]

Getting rid of tenants’ bikes – evicted end of April 2022?

11th July 2022

Hi everyone, My tenants were evicted on 30/4/2022 and they left three bikes in the garage. Since then, I have made several phone calls and and sent texts attempting to give notice of a date and time they could come and collect the bikes. However, to date, I have had no reply. The question is […]

Most dangererous electrical DIY mistakes

11th July 2022

Electricians have revealed the 10 most dangerous mistakes that Brits make when attempting electrical DIY at home, with some possibly leading to serious injuries or worse. Almost half (49%) of Brits have meddled with their home’s electrics, so ElectricalDirect asked hundreds of electricians to reveal the most common errors people make, and then rank them […]

Retrospective registration?

10th July 2022

If you grant a tenancy for +7 years it has to be registered at HM Land Registry. What will happen, under the new White Paper if it becomes law if tenants stay +7 years? Does the tenancy then have to be retrospectively registered? Is that even possible? Something else the drafters have not thought through […]

Better the devil you know?

10th July 2022

With all the political turmoil happening and talk of a possible early general election – I took a look at the latest ‘labour’ manifesto proposals for the ‘private rental sector’: 1. Open-ended rental contracts. 2. Landlord Register 3. Yearly property M.O.T 4. £100,000 fines 5. Possibility of compulsory purchase. 6. Rent increases limited to the […]

Red question mark standing out among a pile of grey question marks, symbolizing clarity of purpose.

Right to Manage Handover with Porter?

10th July 2022

We’ve just taken over the right to manage at a block with a porter. The decision to remain with the existing management was taken (not by me as I’d started this process for the obvious reasons – useless and non-communicative management – but I had to go with the vote). We now have the situation […]

Court hearing for possession – Make sure you are very careful!

10th July 2022

This isn’t a moaning landlord post it’s just a very factual train of events as I wanted to share my experience of a civil court hearing yesterday when I was attending after serving a section 8 notice on November 18th 2021. I attended the hearing although the tenant did not despite when being sent the […]

Concern over ‘Mandatory’ Grounds For Possession?

10th July 2022

I’ve been reading the Renter Reform Bill White Paper document – 86 pages entitled “A Fairer Private Rented Sector June 2022” and want to draw your attention to a paragraph which may be cause for concern. On page 33 section 3.2 second paragraph it says a new ground will be introduced for landlords who want […]

Do I buy a holiday let personally or via company?

10th July 2022

I’m looking to buy a house in a beach location to become a furnished holiday let, the main reason is to have a house available for my family to use about 4 – 8 times per year. We are a big family and have foster children so going to the same destination is better all […]

This feels like it should be criminal?

8th July 2022

For the last month, the freeholder of my property has blatantly refused to supply my conveyancing solicitor (and I) with a copy of the Building Insurance Certificate & Policy to which I am legally entitled ‘free of charge’. Despite daily requests since the beginning of June from solicitors, brokers, lenders, myself, he is still refusing […]

Blocked under floor vents and letterbox?

8th July 2022

Hello everyone, Please can I ask what you think I should do with a tenant who blocks the underfloor air vents and the letterbox? This must be to stop drafts, but ventilation is more important for health and condition of the property. I have written to the tenants by pigeon post but on a site […]

New and probably very temporary Minsters

8th July 2022

Post resignations and the revenge sacking of Michael Gove, Boris Johnson has installed his new caretaker governments’ appointments of what must be assumed as temporary Ministers until a new PM is announced in early Autumn. Greg Clark was appointed Secretary of State for Levelling Up, Housing and Communities. He was previously Secretary of State for […]

Halifax House Price index inflation continues with supply imbalance

8th July 2022

The Halifax House Price Index jumped by 1.8% in June with annual inflation at a record 13% the highest since 2004. The average house price now stands at £294,845. Northern Ireland continues to display the highest annual inflation in the UK at 15.2%. Russell Galley, Managing Director, Halifax, said: “The UK housing market defied any […]

LettingSupermarket – Manchester Off-Market New-Build BTL Apartments

8th July 2022

LettingSupermarket is proud to introduce an exclusive off-market and off-plan opportunity of 8 new-build apartments by award-winning property developer, Landmark Living. Set within the leafy suburb of one of Greater Manchester’s most sought-after locations, Heald Green, this exclusive opportunity is only available to LettingSupermarket clients for a limited period of time until Friday 29th July […]

What now for the Renters Reform White Paper?

7th July 2022

Instead of resigning along with 50 plus and counting other ministers, Gove was actually sacked as Secretary of State for the Department for Levelling Up, Housing & Communities. The big question for landlords is where does this leave the progress of the Renters Reform White Paper? >> https://www.property118.com/renters-reform-white-paper-full-details-published/ It has been released this morning that […]

Cities with the most PRS student lets

7th July 2022

New research reveals the UK cities with the most student housing investments made by private landlords.  Student housing tends to offer greater yields due to the cheaper purchase prices and higher rent prices. This means that student housing can still be a good investment even if the property market dips more generally. The study by […]

Sharing rental income with my husband?

7th July 2022

The income from our five rental properties currently comes to me, as my husband was a higher rate taxpayer, but I would now like to share the rental income with him. I left work last year and then a month later, my husband was made redundant. He decided not to get another job and to […]