Page 386 – Property118

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 […]

Person surrounded by question marks symbolizing confusion over rent-to-rent issues

EPCs (bane of my life) and Energy Suppliers (also bane of my life)?

6th July 2022

We have a vacant flat with a very low EPC (G!), in which we want to install high heat retention storage heaters. Good idea? No, not when British Gas is only making emergency engineer appointments and cannot give me a date for the installation of an Off-Peak Meter. Has anyone else had this problem and […]

Propertymark – Government must understand the cost of pets to Landlords

5th July 2022

Propertymark has conducted a joint online survey with the NRLA, LandlordZone and pets charity AdvoCATS indicating how common pet damage is and how difficult the costs are to recover in the PRS. Click here Out of 537 respondents (this would be skewed due to the nature of the survey) 85.3% of landlords had incurred damage […]

Tenant has fallen down the stairs and sustained injuries?

5th July 2022

Hi, I’m looking for advice as one of my tenants has today messaged saying they have fallen down the stairs in my rented property. They haven’t advised how/what caused them to fall down, but here is their message “I need to let you know, I went head 1st down the stairs at half 12 last […]

Induction hobs in HMOs?

5th July 2022

Does anyone have good or bad experiences with induction hobs in HMOs? We are about to refurbish some communal kitchenss in HMOs occupied by working people (not students), and weighing up whether to replace the existing gas hobs with induction hobs. We hope they would be easier to clean and maintain, one less item on […]

The Right Amount Of Debt On Your Property Portfolio And Property Business

4th July 2022

What is the right amount of debt for a property investor? Too little debt can be as costly as too much on your property portfolio, so maintaining your debt correctly is vital to your property business. In this episode of The Property Tax Show, I’m joined once again by Alex Norian, the tax specialist, from […]

Lower EPC rating after improvements – Is there an official referee?

4th July 2022

I have an EPC from 2009 which rated my house as a D67 this noted that there was ‘partial double glazing ‘ and recommended that full double glazing be fitted, which would boost the rating to a C76. This was duly done. This report also confirmed that FULL Cavity wall insulation WAS in place I […]

Supported Housing Crack Down

4th July 2022

Unscrupulous Supported housing providers who exploit vulnerable residents by charging high rents for poor-quality accommodation and offering almost no help will be driven out of the supported housing market by a new £20 million government improvement programme launched on 2 July 2022. Supported housing provides accommodation alongside care, support, or supervision, helping vulnerable people across […]

Agent increasing fees one week before new students move in?

4th July 2022

I rent a property as a student let. However, one week before new students were due to move in the agency looking after this property notified me of an increase in the fees they charge. If I end the agreement then normally there are penalties. Their letter stated that I have 30 days to cancel, […]