Gas check S21 landlords UK agent tenants property118.com

Gas check failed – is the S21 still valid?

31st August 2022

Hello everyone, I understand that a S21 is invalid if a gas cert is not in date and/or has not been issued to the tenant, but is this the only qualification? What if the gas check has been undertaken and cert issued to the tenant, but the check failed/requires work? A certificate has still been […]

solicitor's fee signing DPS form property118.com

What is a Solicitor’s fee for signing a DPS form?

31st August 2022

Hi, I have completed a statutory declaration to retrieve a deposit from the DPS. It has to be signed by a solicitor/commissioner of oaths/magistrate. Does anyone know approx how much a solicitor will charge for this? Thank you. Annie

rent rises landlord UK tenant Section 21 property18.com

Do rent rises around the time of issuing a Section 21 affect it?

31st August 2022

Hello everyone, Does raising the rent either just before or just after issuing a Section 21 notice have any bearing on it? I am about to issue one, and wondered what the effect will be. It has also occurred to me that raising the rent to a rather high level may actually persuade the tenant […]

investors BTL landlords tax property118.com

‘Punitive tax regime’ forces investors to leave BTL

31st August 2022

Institutional and individual investors are moving away from buy to let and into multi-use buildings and because of the punitive tax regime against landlords, according to one firm of estate agents.  That’s the verdict of Winkworth who say that investors are rejecting the buy-to-let residential model. The firm’s head of development and commercial investment, Adam […]

AIIC landlords agents tenants deposit disputes property118.com

Call for better education for landlords to avoid deposit disputes

31st August 2022

The Association of Independent Inventory Clerks (AIIC) says that the number of deposit disputes can be reduced through better knowledge of what counts as ‘fair wear and tear’. They say that landlords who cannot distinguish between fair wear and tear and damage are likely to raise disputes over negligible wear. But with appropriate knowledge, the […]

Renters' reform PRS landlord uk tenant agent propertymark.com

Renters’ reform risks shrinking the PRS even further, says Propertymark

31st August 2022

Propertymark has revealed that it has warned the Levelling Up, Housing and Communities Committee that England’s private rental sector (PRS) will shrink further if current plans for reform are carried out. The organisation has submitted written evidence to the committee because it has opened an inquiry into the UK Government’s plans to reform the PRS. […]

Mature woman reviewing property bills with calculator at home office

Landlords urged to resolve succession planning – and avoid IHT bills

31st August 2022

There is a ‘worrying lack of succession planning’ among older landlords, with half of those aged 45 or above lacking any long-term management plans, a survey reveals. The research also reveals that most professional landlords in the UK with large portfolios (52%) have no succession plan in place, risking the future sustainability of their business […]

DPS demand student landlords property118.com

DPS offers check-in tips and warns of ‘significant demand’ for student landlords

31st August 2022

The Deposit Protection Service (The DPS) has issued guidance on student property check-ins in anticipation of significant demand for rental properties this autumn. The UK’s largest protector of deposits said that 425,830 students are due to start degree courses this month – that’s the second highest number of university admissions on record. The organisation also […]

Winter of Discontent All electric leasehold property landlords tenants agents property118.com

Winter of Discontent: All electric leasehold property question

30th August 2022

What are peoples’ thoughts re a landlord’s requirement to provide heating in an all-electric leasehold flat, please, and what can be used should there be power cuts? There is no open fireplace. For emergency hot drinks, cooking and hot water for washing: will a single burner camping gas canister style unit on the kitchen work […]

Selling some properties to reduce our exposure to risk

30th August 2022

My wife and I only found Property118 a few months ago and we’ve since become huge fans. We have read dozens of your articles, mainly about the economic prospects for the rental property market, mortgages, strategies and tax. Approximately half of our properties are on good fixed rates and the rest are on tracker mortgages […]

Generation Rent rent freeze tenants landlords property118.com

Generation Rent calls for rent freeze to fight rising bills

30th August 2022

Campaign group Generation Rent is calling for the government to impose a rent freeze to fight the cost-of-living crisis. They have carried out a survey which shows that nearly half of private renters have faced a rent increase in the last year. And these rent increases are squeezing tenants’ finances even further as the energy […]

A street of houses in london in the evening

London’s rental supply hit as landlords exit

30th August 2022

Growing demand for somewhere to rent in London, and a lack of supply, are pushing up rent prices, one estate agent has revealed. Research from Foxtons shows that rents in the capital have rocketed by 23% in the past 12 months – which is down to growing pressure from tenants chasing fewer homes as landlords […]

Guarantors legal liability throughout periodic?

30th August 2022

I am still uncertain whether a guarantor can be held liable for various debts throughout a periodic tenancy. Referencing a previous posting one member said “The key point is stating they`re responsible for the life of the tenancy whether that be fixed term or periodic.” Even with such specific wording can a guarantor still LEGALLY […]

Electric blue lightning spelling out the word “ENERGY” to highlight issues around EPC accuracy

£400 energy rebate for 4 studio units when tenants are on the edge?

30th August 2022

How do my tenants get the £400 energy rebate when they pay their gas bills as part of their rent? I have a house in 4 studio units, the water and gas are included in the rent payment while electricity is paid for with a £1 coin meter in each unit which I collect and […]

Tenancies 'Bills included' landlord tenant property118.com

Tenancies that have ‘Bills included’ plummet by 90%

30th August 2022

Escalating energy bills has seen a collapse in the number of landlords offering a tenancy that has the ‘bills included’. That’s according to new research from lettings tech specialists Vouch who say that there has been a steady decline this year in the number of properties offering fixed costs for rent plus bills. Vouch processes […]

The Landlord Exodus – opportunity of the decade?

30th August 2022

Simon Zutshi, founder of the property investors network, hasn’t exactly been quiet lately about what he thinks is the buying opportunity of the decade. It’s a new opportunity, a direct consequence of the current (crazy) market conditions. Specifically, there’s a moment RIGHT NOW to take advantage of the huge trend of landlords leaving the property […]

landlord advice allocation of residential service charges tenants property118.com

Advice needed on the allocation of residential service charges

26th August 2022

Hello everyone, I am a leaseholder in a small block of 6 flats that is self-managed through a limited company in which each leaseholder has an equal share (the Management Company). The flats were created in 1989 by converting a 5-storey Victorian house. The leases for each flat, drawn up in 1989, specify a fixed […]

Landlord leaseholders ground rents property118.com

Landlord leaseholders to get refunds from rip-off ground rents

26th August 2022

Action by the Competition Markets Authority (CMA) will see landlords who are leaseholders paying a doubled ground rent receiving a refund from the rip-off practice. And nine more companies will remove these costly terms from their leasehold contracts. Sarah Cardell, the interim chief executive of the CMA, said: “For years leaseholders have been plagued by […]

Landlord insurance claims malicious tenant damage property118.com

Landlord claims for malicious tenant damage rocket by 50%

26th August 2022

While the number of landlord insurance claims increased by 13% during the pandemic, those for malicious tenant damage were among the fastest growing causes of a claim, research reveals. And the firm’s lead claims specialist says the huge rise for malicious tenant damage could be that ‘Some tenants might have grown to feel resentment towards […]

London HMOs landlords tenants property118.com

London is home to a quarter of the nation’s HMOs

26th August 2022

Almost a quarter of all HMOs in England are located in London (24%), however, it is the South East and East Midlands that currently offer the most opportunities for investors. That’s according to the latest market analysis by Revolution Brokers, who looked at how HMO levels are distributed across the nation. They also looked at […]