Robert Mellors: From being homeless to housing homeless people

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In the run-up to Christmas, there was a reader’s question on Property118 about landlords setting up a charity to help house the homeless and one of those who responded was Robert Mellors.

He runs Choice Housing Trust which is a not-for-profit housing association that works with landlords to offer vulnerable people somewhere to call home.

View Full Article: Robert Mellors: From being homeless to housing homeless people

Affordability will hit tenant demand and rent rises in 2023

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The prospect for big rent rises in 2023 is slim with affordability already hitting a tenant’s ability to pay rent, one analysis reveals.

According to Zoopla, rents rose by 12.1% in 2022 but rent now accounts for 35% of a renter’s income.

View Full Article: Affordability will hit tenant demand and rent rises in 2023

Does a freeholder extension automatically become communal?

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Hello, The freeholder of a block of flats in which I own one (20 in total) built an extension in order to access two additional Penthouse flats which he built and then sold on. The only way to access the new flats was for him to build this extension in which he housed a fire escape usable by all tenants (communal??) but is the only access for the penthouses.

View Full Article: Does a freeholder extension automatically become communal?

Government names and shames three failing social landlords

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The government has named and shamed three more failing social landlords – with Michael Gove urging lawyers to direct tenants to the Housing Ombudsman to save them time and money.

Mr Gove is now demanding answers and action from Orbit Housing

View Full Article: Government names and shames three failing social landlords

70,000 BTL landlords exited the PRS this year

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An accountancy firm says that 70,000 buy-to-let landlords have exited the UK’s rental market over the last 12 months.

UHY Hacker Young analysed HMRC data and reveals that the UK’s 2.82 million landlords in 2021 have now fallen to 2.75 million.

View Full Article: 70,000 BTL landlords exited the PRS this year

Property market predictions for 2023

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With signs that the UK’s property market is cooling, experts from across the property sector have shared their thoughts on what’s to come in 2023 – including rents rising by a further 10% as a lack of supply begins to bite.

View Full Article: Property market predictions for 2023

Limited Liability Partnerships “LLP’s” for Landlords Q&A

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Aside from tax, what are the pros and cons of holding UK rental properties in an LLP structure?

ANSWER >>> Holding UK rental properties in a limited liability partnership (LLP) structure can have both advantages and disadvantages. Some of the potential pros and cons of holding rental properties in an LLP structure are outlined below.

View Full Article: Limited Liability Partnerships “LLP’s” for Landlords Q&A

Welsh Landlords – Set Up to Fail?

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Are private landlords in Wales being set up to fail with the new legislation?

The recently implemented Renting Homes (Wales) Act has automatically replaced all existing ASTs with a new “Occupation Contract” from 1 December 2022.

All landlords are now required to issue “Written Statements”

View Full Article: Welsh Landlords – Set Up to Fail?

Merry Xmas and a Happy New Year to all our readers

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2022 has been a rollercoaster ride for landlords and property managers across the private renter sector, and we’d like to wish all of our 1.5 million readers, 50,000 newsletters subscribers and regular LandlordZONE Forum users a very Merry Xmas and a Happy New Year and, Government policy withstanding, a fruitful 2023.

The Landlord team.

View Full Article: Merry Xmas and a Happy New Year to all our readers

Home sellers cut prices to find a sale

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A major house price index says that the UK’s house price inflation is continuing to slow down – leading to property asking prices being slashed.

According to Zoopla, house prices in November rose by 7.2% over 2022 but the slowdown in prices is ‘gaining momentum’.

View Full Article: Home sellers cut prices to find a sale