Page 209 – Property118

Stuck without lost Deed of Trust?

29th April 2024

Hi, I bought a property in 2012. Soon after, I made a Deed of Trust to allow the limited company which I wholly own and manage, to receive rent payments and pay the mortgage. I am thinking of selling the property. However, upon checking the documents, I found out that I do not have a […]

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‘Landlords will be annihilated’: Landlords selling amid warning

26th April 2024

Very rarely do we as landlords see such a shocking warning, yet that was preceisely the news reported in The Telegraph, in an article which warned that the shortage of houses in the UK was going to force the hand of legislations in favour of pushing landlords out of business. It went on to say […]

Welsh Conservative warns: “Nightmare legislation” driving good landlords away

26th April 2024

A wave of “nightmare legislation” is driving many good landlords out of the rental sector in Wales, warns Welsh Conservative MS Janet Finch-Saunders. She warns without urgent action, tenants will be forced to live in temporary accommodation. Ms Finch-Saunders is urging the Welsh government to rethink policies and provide much-needed support for landlords. A lot […]

Charity urges protection for bereaved renters in Renters (Reform) Bill

26th April 2024

One charity is calling for changes to help protect bereaved renters. According to Marie Curie, an estimated 300,000 people across England and Wales are forced to move home following the death of someone they live with every year. The end-of-life charity says the Renters (Reform) Bill must protect bereaved renters from eviction. 400 renters could […]

Paul Shamplina, founder of Landlord Action, comments on third reading of Renters Reform Bill

26th April 2024

Paul Shamplina gives his reactions to the third reading debate of the Renters Reform Bill: “Undoubtedly, court reforms are necessary to ensure the system can effectively handle the increase in Section 8 proceedings resulting from the abolition of Section 21. Without adequate preparation, there is a risk of overburdening an already strained legal system, leading […]

The new Making Tax Digital (MTD) tester initiative?

26th April 2024

I was looking around my property related emails and came across a full government blurb on the MTD initiative and wondered………. after reading the benefits and the opportunity to be a tester. In their GOV.UKs words “download a MTD compliant piecevif software and after a few initial personal entry you can send test quarterly return […]

Residents Association in breach of a Fire Safety Order?

26th April 2024

How can the shareholders of a small Residents Association get the Directors to run the association properly? At present, we are in breach of a Fire Safety Order by 14 months because the Directors have failed to implement the report’s recommendations! There is more than enough money in the sink fund to cover the cost […]

How your next property could be a cash generating HMO

26th April 2024

One of the biggest challenges faced by all property investors is that at some point, everyone runs out of their own deposit money. Maybe you are close to this point yourself. Most people stop investing at this point, but it does not have to be that way for you. There are two solutions to this […]

Why UK Property Prices Will Keep Rising!

26th April 2024

Welcome to the latest update on the Property market! In this video, Ranjan Bhattacharya delves into the current state of property prices and what the future holds for homeowners and investors alike. Join Ranjan as he uncovers the factors driving the projected rise in property prices for April 2024. Watch the video below

Rent prices inch up as rental market grapples with supply-demand dynamics

26th April 2024

New data reveals the UK’s rental market is experiencing a slowdown in inflation. Nicky Stevenson, managing director of Fine and Country, says whilst supply has seen a modest improvement, the gap between availability and demand is still influencing the market. She adds that rent prices continue to increase across the country. Cooling trend in rental […]

Phil Melia

Property Investors Awards – Property Developer of the Year

25th April 2024

In the ever-changing landscape of property development, it’s often hard to stand out from the crowd. However, the Winter Melia Group led by directors Karl Winter and Phil Melia has emerged as a leading force in the industry. The team has now received another award for 2023 Developer of the Year at the Property Investors […]

Manchester sign on a street paving

Andy Burnham’s Latest Commitment to Renters?

25th April 2024

The Greater Manchester Combined Authority Mayoral Election newsletter arrived this morning. Of the 6 candidates in the running, very few look as though they have any relevant leadership or financial experience. What took my attention was Andy Burnham’s (Labour) commitment to introduce a Good Landlord Scheme across Greater Manchester and, provide tenants with a facility […]

Pic of debt ccj at court for tenant landlord property118

CCJ extension for professional rogue tenant?

25th April 2024

I managed to get a CCJ against a rogue tenant almost 6 years ago. The CCJ only covered the outstanding rental she accumulated whilst awaiting the Bailiffs for 8 months. The ruined unit and furniture theft was an added cost that I ignored. The total loss was about GBP20 000. The CCJ for unpaid rent […]

Foxtons lettings director in business suit discussing London rental market trends

London’s rental market sees rents remain flat but demand rise

25th April 2024

Tenant demand for rented homes in London grew by 9% last month, compared to February, according to Foxtons. The lettings agent highlights that renter demand has fallen 14% year-on-year as the market returns to more typical trends. It says that the number of new renters per instruction also fell year-on-year, with an average of three […]

Property expert discussing rising UK rent arrears and landlord challenges

Renters borrowing more to pay for deposits

25th April 2024

A growing proportion of renters in the UK are having to borrow money to pay their rental deposit, research reveals. The findings from Reposit found that 38% of renters are turning to credit cards, personal loans, overdrafts, or friends and family. The deposit alternative provider says the figure has increased by 8 percentage points in […]

Leaving the UK - Statutory Residence Test?

BRP cards to be scrapped?

25th April 2024

I have just been sent an email from the Home Office. Looks like those plastic Biometric Residence Permits (BRP) cards are now being phased out and potential tenants now have to open an online account with the Home Office so that they can get their Visa ID this way. As a result landlords won’t need […]

Renters (Reform) Bill – The key amendments to look out for

24th April 2024

The Renters (Reform) Bill is heading back to the House of Commons, with several key amendments set to be debated and Goodlord has examined the most interesting proposals that could impact landlords and tenants. The firm’s managing director insurance, Oli Sherlock, said: “There are some sensible and logical amendments on track to be debated during […]

confused

What happens to the subtenants when my contract with the housing association ends?

24th April 2024

Hi, I bought a 5-flat property last year and it’s being sublet and managed by a housing association (this was the case before I bought it too). The housing association has a secure tenancy with the subtenants. We gave the housing association their 10-month notice and they are due to finish their contract this November. […]

The Lettings Industry Council calls for collaboration to solve the housing crisis

24th April 2024

The Lettings Industry Council (TLIC) is urging a new approach to tackle the housing crisis in England. It argues that the current method, with separate policies for different housing sectors, has failed. In a new briefing, TLIC proposes an overarching policy addressing all housing tenures, including private rentals, social housing and homeownership. It emphasises collaboration […]