How Shelter helped my tenant become homeless

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As a landlord, I recently faced a difficult situation with one of my tenants, a 68-year-old man who was struggling with drug addiction and had fallen severely behind on rent payments. Despite my efforts to work with him, I had to use a section 8 eviction notice to remove him from the property.

View Full Article: How Shelter helped my tenant become homeless

Tech firm gets public cash to help portfolio landlords improve energy efficiency

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Proptech company Propflo is working with BTL mortgage lenders to help portfolio landlords make their properties more energy efficient.

It has been given a grant by Innovate UK to encourage lenders to explore initiatives such as encouraging retrofitting in their products, creating buyer groups to lower installation costs, and providing tools so landlords can better understand the case for improvements and investment.

Propflo explains that although lenders can influence and enable energy efficiency upgrades, the investment case currently isn’t clearly presented, while there’s also a lack of ongoing engagement after a retrofit, and little automated verification and monitoring to show the real impact.

Proposals

The company has already engaged with more than 20 lenders and will now develop proposals for a phase 2 demonstration with one or more lenders in the buy-to-let, residential and shared ownership sectors. The project will also involve lettings agents, mortgage brokers, and landlords.

According to founder and CEO Luke Loveridge (main picture, centre), this will help lenders and landlords meet looming regulatory changes while forward-thinking lenders should see it as an opportunity to help them win and retain more business by adding value for their customers.

“We’re focusing on mortgage lenders as they now have to report on the energy efficiency of their back book and have a voluntary target to decarbonise this,” he tells LandlordZONE.

“It is primarily about providing as much support as possible and lowering the barriers to retrofitting for landlords, by leveraging the scale of lenders. We want to work with lenders to explore financial incentives in the project, but this isn’t the primary focus.”

View Full Article: Tech firm gets public cash to help portfolio landlords improve energy efficiency

Average rents hit £1,000 for the first time

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Tenants moving into a newly let property are facing average rents outside of London of more than £1,000 for the first time, data reveals.

Hamptons says renters are facing a £1,002 bill and in April, that was £72 or 7.8% more than it was in April 2022.

View Full Article: Average rents hit £1,000 for the first time

Hybrid LLP structures GAME OVER!

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It’s game over for most Hybrid LLP tax structures.

A “Hybrid” / Mixed LLP is a Limited Liability Partnership where one or more Members is a Limited Company.

Following our article “How Property118 Are Helping A Landlord To Resolve A Serious Hybrid LLP Tax Planning Blunder”

View Full Article: Hybrid LLP structures GAME OVER!

An open letter to Polly Neate at Shelter

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Below, we publish an open letter from Property118 reader, ‘Dismayed Landlord’.

He details issues about helping his tenants – and wants Polly Neate, the chief executive of the homelessness charity Shelter, to help him find housing for his tenants as he is intending to sell up.

View Full Article: An open letter to Polly Neate at Shelter