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 […]

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 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, […]

Councils warned today of a growing crisis in the private rented housing sector, with a sharp rise in landlords selling up or converting their properties into Airbnb’s. The District Councils’ Network that represents over 200 councils conducted a snap survey showing 76% of councils have seen an increase in landlords selling up properties. Shortages are […]

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 […]

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 […]

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 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 […]

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 […]

The National Audit Office has produced a report to consider the extent to which the regulation of private renting in England supports the Department for Levelling Up, Housing & Communities aim to ensure the sector is fair for renters: Click here The NAO is critical of Government and Local Authorities lack of holistic planning for […]

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 […]

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 […]

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. […]

Hi all,  a quick question: I’ve got a landlord (Mr and Mrs) who live in Wales and who own a property in the Midlands. I’ve been speaking to the son who lives in the property his parents own and the parents want to rent out a room for about 6 months. Is this technically classed […]

RICS have today released their UK Residential Market Survey current up to November 2021. In the lettings market, tenant demand saw another solid monthly increase in November with a net balance of +48% of respondents citing a rise. Meanwhile, landlord instructions fell according to a net balance of -24% of participants. Given this mismatch between […]

Research released by Shelter in their press release today indicates more than 274,000 people are homeless in England right now, including 126,000 children and goes on to say: Analysis of official rough-sleeping and temporary accommodation figures shows that one in every 206 people in England are currently without a home. Of these, 2,700 people are […]

Market analysis, by Benham and Reeves, has revealed how the cost of maintaining our homes this winter is as much as 17% higher than it was this time last year. They researched the average cost of maintaining a property which can include everything from cleaning the gutters, replacing broken roof tiles, fixing leaky pipes and radiators, […]

I have been told I need to replace a 30-min fire door (it’s a door in a communal hallway leading to an empty basement which is completely closed off and locked) with a 60-min fire door. Is this actually necessary? Due to the age of the building (Grand 2 listed) fitting a 60-min fire door […]

Average rent debts still owed by renters as a result of the pandemic have increased by 41% since May according to new research. A survey of over 2,000 private renters in England and Wales by research consultancy Dynata for the NRLA found that average COVID related rent arrears owed by affected tenants had increased to […]

Aldermore’s Buy to Let City Tracker1, has named Bristol, Oxford and Cambridge as the best cities for landlords to invest in for 2022. The Tracker analyses and assesses five key indicators that impact buy to let desirability: average total rent, the best short-term returns through yield, long-term return through house price growth over the past […]

The Basic scenario is: HMO joint tenancy, five tenants. On a fixed element for first 12 months. Then break clause kicks in at one-month notice upon renewal of the next contract due July 22. One poor lad (tenant) has had to quit university for his mental health, and he’s one of the joint parties. My […]