Page 410 – Property118

EPC – Improvement advice for 2025 please?

19th January 2022

We are a company just starting our adventure into the BTL market – we own 1 property and are nearing completion on the second in the North East. This property is well into Level E of the EPC and I’m looking at options we can do during renovation to up the level getting ready for […]

Do I pay eccentric tenant’s Gas Bill?

19th January 2022

I bought a house in 2007 and let it to a single person, who has remained in place ever since. As the years have gone by they’ve become more and more eccentric to the point where their refusal to allow entry for a CP12 led to the disconnection of their gas. The strange thing is […]

commercial demonstrates an impressive bounce back

19th January 2022

Market analysis Sirius Property Finance reveals that the Uk’s commercial property sector has demonstrated an impressive bounce back in the last year, with even the supposedly struggling retail and office sectors showing strong signs of recovery. In 2021, the UK commercial property sector completed 2,789 sales transactions, up 3% on 2020’s total of 2,698. More impressive […]

Tight supply increases rents across most regions during Q4 2021

19th January 2022

Average UK rents have increased for the fifth consecutive quarter as pressure on the supply of rental homes continues during the pandemic, according to The Deposit Protection Service (The DPS) – amid reports that some renters are willing to pay upfront rents or over the odds to secure properties. The PDS report: Rents across the […]

Applications To Join Property Educators Accreditation Scheme (PEAS)

19th January 2022

The following applicants have completed the first stage of the process in becoming members of PEAS and are now in their six month probation period. During their probation period, anyone can submit objections or messages in support of their application. It is the responsibility of any person who submits an objection to provide conclusive evidence […]

5 Year Fixed Rate BTL with no Early Repayment Charges

18th January 2022

The new range is available from 17th January on mortgages up to 80% loan-to-value (LTV). These benefits landlords who want increased flexibility when financing property. The early repayment charge (ERC) free five-year fixed-rate range is available to first-time landlords, existing and portfolio landlords and with rates priced at: 2.39% for 65% LTV 2.93% for 75% […]

Government to finally tackle standards in social housing

18th January 2022

Minister for Rough Sleeping and Housing, Eddie Hughes, confirms Social housing residents will be better protected as part of a review to ensure they are listened to. The review on qualifications and professional training will drive up standards by making sure social housing staff are better equipped to support tenants, deal effectively with complaints, and […]

Rent a Property before Probate is Granted?

18th January 2022

I am an executor of an estate that includes a property that is currently empty. Probate has been entered, but a caveat has stopped this process. In addition to this, the title deeds are missing, so there could be many months before if and when probate is granted that the house can be sold. In […]

Landlords not included in cladding remuneration?

18th January 2022

This came into my inbox: Housing secretary Michael Gove has revealed that landlords will not be included in the cladding remediation fund initiative for affected residential tower leaseholders announced this week. A hint of this was given in the original announcement that the £4 billion ‘fund’ to remediate cladding on towers under 18.5m but over […]

Find Below Market Value Property Deals In 2022

17th January 2022

How to find below market value property deals in 2022, and this is not a video about finding motivated sellers, so stay tuned. In this video, I’ll be sharing my top property investing tips on how you can use potential value to uplift defunct commercial property. Please click on the video below:

Osbourne’s private landlords mortgage interest trap, but?

17th January 2022

Osbourne’s private landlords mortgage interest trap, but what if there is a way of changing this by releasing equity to purchase holiday or commercial property? I have three private buy to let properties, that push me into the 40% tax band every year. I figured what if I remortgaged those properties at a very cheap […]

Keys and tenants own appliances?

17th January 2022

I hope I can ask about two things at once here. Firstly, as a private landlord, I don’t have an office that is always open during office hours. If my tenants lock themselves out, just how quickly should I be expected to respond? If I am not at home all day, they won’t be able […]

Major works gone bad – Decisions?

17th January 2022

Following a couple of years of ‘major works’ costing so far £1m in a block – it has as expected by the leaseholders gone very badly wrong! Covid didn’t help, but the major issue was with the works to the 1930’s critical windows. We were not consulted on the works, and many leaseholders including myself […]

Over-55’s turn their homes into cash as costs are driven down

17th January 2022

Low interest rates for equity release mortgages, coupled with rising house prices, have made it much more cost-effective for over-55s to release funds from their properties. Many over 55s, who were going to downsize in order to release equity in their property, to help their retirement or to help their children and grandchildren on to […]

Commercial Tenancies – What can be charged?

17th January 2022

I have a tenant who wants to retire from his business, and he has an employee who wants to purchase the business/goodwill and goods and take over the lease. It has been established the lease cannot be assigned, so I have agreed in principle that I will accept a new lease with the proposed new […]

Over 260 Property118 Landlords have trusted us to sell their Buy to Lets

17th January 2022

2022 has begun, and if 2021 taught us anything, it was that this is the year we all want to let go of the stress, cash in our portfolios, relax and enjoy life. Many of us have spent the last 10 to 20 years building up our portfolios, however with mounting tax bills just around […]

Gove closes business rates loophole for nonholiday holiday homes

14th January 2022

Homeowners who leave properties empty while pretending to let them to holidaymakers will be targeted by HMRC under the new rules that holiday lets must be rented out for a minimum of 70 days a year to qualify for business rates. The changes will target people who take advantage of the system to avoid paying […]

Letting agent not responding to my hand-delivered letter

14th January 2022

I am a first-time Landlord and the Letting agent does not respond to my hand-delivered twice repeated letter regarding a tenant complaint. As I live in the same block of flats, I dealt with the tenants’ failed immersion heater within 2 days. I wanted the agent to write to me saying what the tenant said […]

Ministry of Housing, Communities & Local Government

New Government consultation reforming leasehold and commonhold systems

14th January 2022

There is a new Government consultation on reforming the leasehold and commonhold systems in England and Wales. It seeks views on reforms to the leasehold and commonhold systems, following recommendations in the Law Commission’s leasehold and commonhold reports published in July 2020. The non-residential limit for collective enfranchisement – The non-residential limit for right to manage claims – A nonresidential limit for individual freehold acquisitions The introduction of mandatory leasebacks as part of collective freehold acquisitions – Commonhold voting rights in […]

UK average rent stabalises with small increase – Homelet

12th January 2022

The Latest Homelet rental market report indicates the average UK rent has continued to stabilise with the December 2021 figure showing a £2 increase to £1,060pcm and excluding London, this figure is £893. Greater London sees the most significant year-on-year price rise in the UK with a 12.6% jump in the last year, now up […]