Shelter has responded to the Renters Reform Bill White Paper with Polly Neate, Chief Executive, saying: “The Renters’ Reform Bill is a gamechanger for England’s 11 million private renters. Scrapping unfair evictions will level the playing field. For the first time in a long time, tenants will be able to stand up to bad behaviour […]

The fairer private rented sector white paper has been published today (16 June 2022). Click Here Section 21 evictions will be outlawed. The Government’s claim is that more than a fifth of private renters who moved in 2019 and 2020 did not end their tenancy by choice, including 8% who were asked to leave by […]

Dear 118 members, I’m looking for some feedback/advice on selling a small property portfolio and would like to know how members have found the process. We have 6 flats, 1 house and a shop as well as the freeholds, all are tenanted with long-term tenants my first key question is does vacant possession make them […]

Responding to the publication today of the Government’s White Paper on reform of the private rented sector, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “Whilst headline commitments to strengthening possession grounds, speedier court processes and mediation are helpful, the detail to follow must retain the confidence of responsible landlords, as well […]

iHowz recently published their paper outlining proposals on the PRS in response to the Queen’s speech. With Michael Gove due to make an announcement on the government’s white paper, we wanted to highlight our proposals Summary of Recommendations: 1. A national standard should be agreed for all residential rental properties. a. Proof of that would […]

Kemi Badenoch, Minister for Equalities and Levelling Up Communities, has released a consultation for regulations to make it a duty for landlords to respond to requests from disabled tenants wishing to make communal spaces outside their rental properties more accessible. Click here to respond We want to see disabled people of all ages and abilities […]

I understand that should we be unable to achieve an EPC rated at C on a rental property and I’m thinking of one property in particular where the last EPC was done in 2018 when it was given an E. We must be able to evidence that we have spent £10K trying to do so […]

The proposed new Energy Performance Certificate (EPC) regulations will mean that from 2025, landlords cannot rent their property on a new tenancy without an EPC rating of C or above. It is proposed that the penalty for not having a valid EPC, will be increased from £5,000 to £30,000. In order to achieve this, many […]

The Bank of England has published their assessment that out of the 8 major Banks in the UK sector there are none that are “too big to fail” and would need government support if they got into trouble again. If a major UK bank failed today it could do so safely, remaining open and continuing […]

Since the crash and subsequent restructuring of the BTL market, our business borrowing has gone from a business loan to a lot of “personal” loans that now appear on our credit searches. I imagine this is the same for all landlords unless you own your properties outright. Suddenly our creditworthiness has hit rock bottom, despite […]

Hi everyone, I was just thinking as a property investor renting out properties about being faced with the high costs of upgrading to meet minimum future energy efficiency standards (EPC). We are being led to understand we will need to carry out improvements by a certain date. However, in order to finance these costs I […]

How frequently do people on Property118 inspect their properties? I usually do it six months into a new tenancy and if all looks well then once a year. I am very careful with tenant selection. A niece of mine rents a flat (three years in possession) and her landlord’s agent insists on quarterly inspections. Nothing […]

We are extremely proud to introduce new functionality and a new look and feel to Property118 Member Profiles. One of the first things you might notice is that it’s now much easier to log in using Social Media. Also, you can now add a Bio to your Property118 Member Profile to tell other Members a […]

The latest figures from mydeposits show that while tenancy deposit disputes did see a year-on-year decline in volume during 2021, there was still an estimated £27 million worth of deposits held in rental disputes between landlords and tenants. At an average of £1,005 per tenancy, the cost of a deposit has fallen by 1.2% year-on-year. […]

I’m doing my research and coming around to the idea that transferring our BTL properties into a LTD company would be very sensible. I can see that Capital Account Restructuring using a bridging loan potentially means we may never have to pay high rate income tax again … Your article on this subject suggests that […]

Please do us a favour. As we continue to build the Property118 Editorial Team, to continue to deliver even more increasingly valuable content to our Members, we would really value your feedback by completing the Poll below. As one Member once said “none of us were born knowing how to boil an egg”. Property118 exists […]

Recent data shows an increase in the number of evictions issued in Q1 of 2022 when compared to the previous quarter and the same period pre-pandemic. According to Simply Business, an eviction costs approximately £2K and takes about 9 months to complete, plus tenants often stop paying rent during proceedings. Landlords who choose to evict […]

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 pin Essex meeting Tuesday 21st June. The Essex pin Meeting has returned to its physical venue The Thurrock Hotel, Ship Lane, Aveley, Thurrock, RM19 1YN Hosted by Reegan Parmenter […]

My friend allowed someone (call him X) to stay at her empty house from the end of June 2021 as he had nowhere to go. She was going to Spain for a few months and the property was in the throws of being repossessed as her husband had used her house, in her sole name […]

This week Property with Andrew and Linda Wright is answering another Permitted Development Question. Is it possible to convert the upper of a shop to residential using Class MA on a Locally Listed Building, which is also in a conservation area? In the past, we’ve talked about Grade 2 Listed buildings, Permitted Development and Prior […]

The HomeLet Rental index for May indicates annual average rental inflation stands at 10.6% with an average rent of £1,103 or £928 excluding  London. This is an overall monthly change of 1.1% with inflation the highest in Northern Ireland at 1.9%. Mike Dawson, Group Sales Director for HomeLet and Let Alliance said: “With pressure on […]