Page 393 – Property118

All landlords are property tycoons with deep pockets?

17th December 2021

Proposals to force landlords across the country to pay up to £10,000 to improve the energy efficiency of rental properties requires a rethink, according to the national body for landlords. In a consultation which closed in January, the Government proposed that by 2025 all new tenancies in the private rented sector should be in houses […]

Bank of England emblem symbolising decision to hold the Base Rate at 5%

Bank Base Rate increased to 0.25%

16th December 2021

It has started: The Bank of England Monetary Policy Committee (MPC) voted by a majority of 8-1 to increase Bank Rate by 0.15% to 0.25%. They did however vote to maintain Quantitative Easing (QE) at the current levels and not take any liquidity out of the market. Twelve-month CPI inflation rose from 3.1% in September […]

Plans for basement with separate dwelling stalled?

16th December 2021

I own two mortgage leasehold titles in a house that is split into two flats – A and B. I also own the freehold title which doesn’t have a mortgage, which I am looking to transfer into a company structure. Flat B on the ground floor has a basement, which is not included in the […]

The PERFECT Property Investment Strategy For 2022

16th December 2021

I’m going door to door to let you know the PERFECT property investment strategy for 2022. At Christmas, you tell the truth, and the truth is the market is changing in the new year. What would you say if I rocked up on your doorstep? Please click on the video below:

HM Land Registry October house Price Index

15th December 2021

The HM Land Registry House Price Index released today for October is indicating the average price of a property in the UK is now £268,349 up 10.2% from last year. Month-on-month October saw prices actual fall 1.1%. However, the monthly index figure compared to baseline January 2015 of 100 for the UK was 140.7. At […]

Law student sues landlord – But wait?

15th December 2021

Reading an article on the BBC today about a Law student, who successfully sued his landlord for breach of contract. According to the article, the student moved into his accommodation only to find it in a sad state of disrepair, with workmen still on site. He was therefore in effect living on an active building […]

The Landlord Law 20th Anniversary

15th December 2021

There are few online services which go back longer than about 10 years or so – but Landlord Law is one of the exceptions!  It was started way back in 2001 by solicitor Tessa Shepperson. Just after the collapse of the dot.com bubble! “Back then,” Tessa told us “membership sites were not even a ‘thing’ […]

elegraph logo used in rebuttal to article on landlord tax structures

Landlords who agreed tenancies via Purplebricks could be liable for large tenant payouts

14th December 2021

Hi, my name is Melissa Lawford, and I am the property correspondent at The Telegraph. I’m writing about how landlords who arranged tenancies via Purplebricks could now have to make large payouts to their tenants because they were not served necessary legal (prescribed) documents about their deposits. I’m keen to talk to landlords who have […]

Hazard Awareness Notice?

13th December 2021

Due to excess heat in some flats in a block (where I have a couple of units) some tenants contacted the local council who appeared and are now proposing to issue a Hazard Awareness notice (cat 1) on the Freeholders. We are in the process of a RTM (successful) but do not take over until […]

Tenants spending their own money on improvements as they have more time at home

13th December 2021

New research reveals over a third (34%) of renters have spent money doing up their landlords’ properties, with almost one in seven (14%) of them having spent over £1,000 each. This is driven mainly by increased time spent at home and difficulty getting on the property ladder Decorating (49%) and buying furniture (48%) are the […]

Rightmove predict a closer to Normal 2022

13th December 2021

Rightmove has released its House Price Index for December with the price of property coming to market seeing its usual December dip, down by 0.7% (-£2,234) this month. While fully available stock for sale has hit a new record low this month, valuation requests from home-owners are 19% up on this time a year ago, […]

Ministry of Housing, Communities & Local Government

Government updated plan B – Moving home during coronavirus

13th December 2021

This guidance provides advice to those working within the home buying and selling process and those moving home. Read it alongside the guidance on what you should do to keep safe. Following the emergence of the Omicron variant of COVID-19, it is necessary to re-introduce some measures to manage the virus. This guidance sets out […]

2021 Buy to Let purchase activity increasing to £18bn up 83% on 2020

13th December 2021

UK Finance has published its housing and mortgage market forecasts for 2022 and 2023 together with projections for 2021 full year numbers. The Headlines are: An estimate that gross lending overall will peak this year at £316bn, up 31% on 2020, then moderate to £281bn in 2022, before increasing to £313bn in 2023 (Chart 1). Total house purchase […]

Evergrande – Seen this movie before?

13th December 2021

Hui Ka Yan is a Chinese billionaire who owns Evergrande (a Cayman Islands company) As we know, Evergrande has enormous debts but, of course, the Chinese government have an enormous holding of US Treasury Bonds. In the end, the Chinese government will intervene eat Mr Yan’s lunch and buy foreign banks debt at a discount […]

The best Landlord Portfolio Exit Specialist to sell your properties

10th December 2021

The current and planned legislation and tax implications are affecting landlords throughout the UK wanting to cash in and sell their properties. It’s why so many Property118 landlords are reaching out to Landlord Sales Agency to sell. As a specialist company, we have mastered the most efficient ways to solve the problems landlords encounter selling […]

Anyone have a tenant successfully apply for an insulation grant?

10th December 2021

Has anyone had a tenant that has applied and been successful in gaining a grant for insulation? The tenant needs to be in receipt of some kind of benefit, no matter how small. The grant covers loft insulation, drywall lining and heating. I have a few tenants eligible and wondered what peoples experience was of […]

Add value before Purchase

10th December 2021

I would like to share a concept with you that will help you make more money with less capital, and thus give you a better return on investment. It’s a simple concept called “Add value before purchase” If you are interested in any of the following: BRRRR (Buy, Refurb, Refinance, Rent and Repeat Buying below […]

Will Tenants Lose Out due to Proposed Rental Change?

10th December 2021

In a recent letter to all MP’s, landlords have pointed out the potential unintended consequences of a proposed change to the law intended to ‘enhance the rights of those who rent‘. Tenants’ groups have been lobbying Government for some time to get the Section 21 ‘no fault’ eviction notice revoked, claiming it is unfair to […]

NRLA calling for development of a meaningful national redress scheme

10th December 2021

Responding to the National Audit Office report published today on the regulation of the private rented sector, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “Regulation of the private rented sector needs to ensure that homes are safe and meet all required standards. Too often, the approach to this has been piecemeal. […]