4 hours ago|
A short series from landlord & tenant lawyer Tessa Shepperson on things you need to watch out for. 1 - Do you rent out property on an assured shorthold tenancy? If you rent out property it will almost certainly be an AST. Even you think it is a license it may not be. 2 - Does your property need an Energy Performance Certificate? Most rented properties do. The main exceptions being rooms in shared houses. Was your answer to these two questions ‘yes’? If
8 hours ago|
A recent survey by the Residential Landlords Association (RLA) of almost 2,800 landlords has found that 42% were reluctant to rent to anyone except those with a UK passport and 49% are less likely to rent to someone who has permission to stay in the UK for only a limited time. RLA Policy Director David Smith wrote: "Under the Right to Rent policy landlords are responsible for checking the immigration status of their tenants and face prosecution if they know or have reasonable c
9 hours ago|
I am looking to buy a property with my partner. He is a first time buyer however, I already own a flat that I'm currently living in. I'm not planning to sell my property as I want to rent it out once I move out. I am aware that new purchase will be subject to the higher stump duty rate however I wanted to know how does it work with tenancy in common agreement. If we buy the property splitting the ownership 50/50 will he need to pay higher rate on his share as well? If so is
10 hours ago|
There are some elderly flats which I have seen for sale. They have an energy efficiency of only F and they are Grade 2 listed. From April it will be unlawful to rent them out in their current condition and energy efficiency rating. What is the mortgage markets point of view and criteria currently for these types of properties? Could you raise a mortgage on them? Will English heritage allow improvements to make them lawful to rent out? Many thanks David Editor's N
3 days ago|
I just received my service charge demand/invoice, where there is “Annual Notice of Subletting Fee” of £90+VAT, without any communication or my request. The management company does know that I’m letting out the flat, which is fair enough. But: 1....
3 days ago|
A landlord can concurrently apply for a possession order and leave to transfer up to the High Court for enforcement. This can and should be done if you feel your property is at risk from tenants who may wish to destroy or damage your property as there can be a long wait for a County Court bailiff to attend to your eviction....
4 days ago|
Westminster Council in London is looking to crack down on property owners unlawfully letting their homes on a nightly basis using platforms such as Airbnb for more than 90 days per year. Airbnb lettings in Westminster have more than doubled in the last two years to over 3,600 and rising with nearly 1,500 of these being investigated for unauthorised short term letting instead of on a minimum 6month AST contract....
4 days ago|
The Monetary Policy Committee (MPC) today unanimously voted to keep the Bank of England Base Rate at 0.50% and maintain the current levels of Quantitative easing. Good news at least for borrowers. With inflation now at 3.1% it remains to be seen how long it will take for the fall in the Sterling exchange rate cost implications on imported goods and services to fully push through the economy....
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