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Lease Extension when Owning the Freehold Block of 6 flats?

Our enquiry concerns a Lease Extension for a block of 6 flats in the centre of Aldershot with 84 years (of the original 125 years) remaining on all 6 leases.
The 6 leasees each own an equal share of the freehold interest of the block.

Landlords face a shock 2028 deadline for meeting EPC ‘C’ deadline

The detail of the government’s consultation on implementing an EPC rating of C in privately rented properties reveals a deadline of 2028 for new tenancies – NOT 2030.
However, ALL tenancies will need to be EPC C compliant by 2030 –

Landlords to meet 2030 EPC deadline with a £15,000 cap – Government

Private landlords in England will need to upgrade their properties to meet a minimum Energy Performance Certificate (EPC) rating of C by 2030, under a consultation announced by the government.
Nottingham landlord Mick Roberts has hit out at the governm…

Why Labour’s squeeze on the PRS is creating a perfect storm

Let’s be honest, the Conservatives did landlords in the UK no favours, but Labour are delivering something that is making me sit up and think.
It appears that both political parties are dedicated to reducing the private rented sector

Strong start to the year as house prices reach record highs

January saw a strong start for the housing market, with house prices hitting record highs.
According to Halifax’s House Price Index, house prices increased by +0.7% in January, following a dip of -0.2% in December.
In a new record

Get up to speed with the Renters Rights Bill with our Online Conference

Property118 readers will be aware of the Renters Rights Bill which is currently making its way through Parliament.
This will be the biggest change in landlord and tenant law for over 35 years.  It is essential that all landlords and all in the Private …

Aldermore and CHL announce BTL rate reductions

Aldermore has revealed a series of buy to let interest rate reductions for both new and current clients.
For new BTL customers, individual and company landlords acquiring single residential investment properties can access two-year fixed rates (up to 7…

Buy to let mortgage arrears dip

Data from trade body UK Finance has revealed a drop in the number of landlords in buy to let mortgage arrears for the last quarter of 2024, while BTL property possessions remained stable.
It says that the fourth quarter saw 12,610 BTL mortgages behind …

Welsh housing plans receive mixed reaction from Propertymark

Propertymark has responded to the Welsh government’s housing white paper consultation and expressed support for some measures – but warns about the impact on PRS investment.
The white paper outlines proposals to improve affordability and qu…

Landlords eye portfolio cuts amidst Renters’ Rights Bill impact

The third survey this week is highlighting that landlords are planning to sell properties this year with the latest one revealing that one in five landlords in England are looking to do so.
The findings come from Octane Capital which says that the land…

Regulator report “Mould – It’s not Lifestyle”?

Following the tragic death of Awaab Ishak of mould-related illness, the housing regulator went after landlords with a brutal attack supported by their headline 2021 report. Mould – ‘Its not lifestyle’. This post is in no way meant to …

Can a property purchaser sue a previous managing agent?

Hello everyone, We let and managed a property for which we found and installed tenants.
The landlord subsequently sold the property through a different agent and the purchasers have now issued a county court summons citing the vendor as the 1st defenda…

Bank of England cut interest rates to 4.5%

The Bank of England’s Monetary Policy Committee (MPC) hawks came out on top today, voting 7-2 to cut the Bank Base Rate by 0.25%, bringing it down from 4.75% to 4.5%.
In a surprise move, two members pushed for a much bigger cut to 0.5%

The Renters’ Rights Bill is coming – are you ready to sell?

The second reading of the Renters’ Rights Bill in the House of Lords this week, has brought it one step closer to becoming law.
Landlords across the country are weighing up their options and many are deciding enough is enough.

Paymentshield enhances tenant’s contents cover for pet damage

Insurance provider Paymentshield has revamped its tenant contents policy ahead of the Renters’ Rights Bill which will restrict landlords from ‘unreasonably’ denying pet requests.
The updated product includes expanded protection for pr…

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