Page 348 – Property118
landlord question Selective licensing property118.com

Selective licensing?

11th October 2022

Hello, I had a selective license that ran for less than 5 years. I now need to apply and pay for a new selective license. I have been told there was a Court case that set out that my original license should last for 5 years. Has anyone heard of this? Thank you, Chris

landlord news section 21 property118.com

Government will ‘shelve’ plans to abolish Section 21 evictions

11th October 2022

The government is looking at shelving legislation that would ban no-fault evictions, a newspaper reports. According to The Times, the move to end no-fault evictions which enable landlords to end a tenancy without reason will not only be shelved – but may be scrapped completely. The Prime Minister, Liz Truss, is looking at measures that […]

Deed of variation to sons for inherited property?

11th October 2022

Can someone please advise me whether a deed of variation for a will is our best option? My mother-in-law died leaving her house worth approx £480,000 to my husband who was her only child. He would like to gift it jointly to our 2 sons who wish to live in it but is worried that […]

landlord news property damage property

25% of holiday let guests don’t tell the landlord about damage

11th October 2022

While the rise of holiday lets in the UK has met the growing boom in staycations and led to impressive yields for landlords, there is an issue over damage caused by guests. According to one insurer, one in ten (11%) holidaymakers have accidentally caused damage to a UK holiday home, and one in five (19%) […]

Scotland’s rent freeze law will see fewer homes to rent

11th October 2022

The new law that will see rents being frozen and evictions banned in Scotland will see a drop in the number of homes to rent ‘in the coming months and years’. That’s the view of Scottish Land & Estates who point out that the new law has led to a ‘disproportionate shift in the balance […]

landlord news decent homes standard property118.com

Decent Homes Standard consultation ends on Friday

11th October 2022

Landlords who want to express their views about the Government’s Decent Homes Standard proposals have until Friday to do so. That’s when the six-week consultation period ends and opinions about the new standard that was unveiled in the Fairer Private Rented Sector White Paper will see social housing sector standards being met by the private […]

landlord uk question garden gate property118.com

Do I have to take my gate down?

10th October 2022

Hello, The access to the front of my property is through a neighbour’s garden. It is an agreed width – 12 ft. We own the boundary. The properties are at the end of a cul de sac, up a narrow drive. Their ‘garden’ is their car park. Our front garden has space for a car […]

landlord uk question wales rents property118.com

Residential rents in Wales?

10th October 2022

Hello, In recent months I purchased several residential rental investments in Wales. The rents for a few of these are currently significantly below market value. When I purchased these, it was my intention to ease the rents up over the next 12 to 18 months, unless there was a change of occupier. As it is […]

Nicky Stevenson letting agent landlord property118.com

Unintended consequence of the mini-Budget is a renter demand boom

10th October 2022

One of the unintended consequences of the Government’s recent mini-Budget could be more demand in the rental market, says one leading industry figure. That’s the view of Nicky Stevenson, the managing director of Fine and Country, who adds that with the prospect of rising interest rates, would-be purchasers may opt to ‘wait and see’, choosing […]

Residents-only parking bay markings on a shared residential car park

Can my freeholder charge me VAT on purchasing a parking space?

10th October 2022

Hello, I have a leasehold flat that I bought 4 years go, it’s about 50 years old, above shops. I thought I had parking allocated as there is parking which we’ve been using, and we were told parking was included, recently they have outsourced management to a parking company. Unfortunately, I didn’t read the lease […]

landlord question S21 property118.com

Can I issue a Section 21?

10th October 2022

Hello, I have a few properties tied into mortgages. I will be selling due to S24, the White Paper and EPC regs due to come. My question is: Can I serve a S21 now to my tenants but with a date to move out in approx two years time to avoid problems evicting them? Would […]

Two people signing a rental agreement with house keys and a model home on the table.

Letting agents need to be aware of Right to Rent changes

10th October 2022

Letting agents are leaving themselves open to fines or imprisonment if they fail to comply with the new guidelines for Right to Rent, one technology firm says. From 1 October, the UK government introduced new rules for both Right to Work and Right to Rent but Credas Technologies says there is a potential lack of […]

7 top tips to consider before you purchase an existing HMO

10th October 2022

If you’re looking to invest in HMOs or want to expand your existing portfolio, then buying an existing HMO with tenants in situ can be an attractive option offering landlords a guaranteed income with no additional tenancy-find fees and a potentially lower refurbishment cost. However, it is not without pitfalls, which can be complicated and […]

Meet Mark Smith (Barrister-At-Law) Landlord tax planning strategies – PPN Bournemouth

10th October 2022

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers, will be presenting in person an overview of several landlord tax strategies at the Progressive Property Network Bournemouth meeting Thursday 20th October. Ocean Beach Hotel & Spa, 32 East Overcliff Drive, Bournemouth, BH1 3AQ – Hosted by Leigh Ashbee PPN Bournemouth is an […]

Council dodges a fine that would have cost a private landlord £76million

7th October 2022

A council that breached the Home Standard after it was found to have 3,000 fire doors overdue for replacement has not been fined by the sector’s regulator. The English regulator’s latest judgements reveal that the London Borough of Redbridge Council also had 2,000 properties with no electrical installation condition report (EICR). If a private landlord […]

landlord question allowance property118.com

Is this a compromise?

7th October 2022

Hello, Maybe this would work to help the BTL market to lessen the blow. Increase the 20% tax credit to 40% but allow landlords just 30% and pass over the 10% to the tenant to reduce rent or pay for their energy bills. Tenant happy, landlords get another 10% relief so they should be happy […]

readers question pay rood repairs property118.com

Who is responsible for paying for roof works?

7th October 2022

Hello, Can anyone help? We are leaseholders in a 1980s block of about 20 flats in Chiswick. About 10 years ago the roof was replaced. Our current surveyor claims that the roof now needs replacing at great expense. He claims the works were badly carried out by the roofing contractor and the then surveyor did […]

ladlord question covid advice property118.com

Help with Covid impact statement?

7th October 2022

Hi, I just wondered if anyone knows if I still need to file a notice of Coronavirus impact on tenants after completing the N5b form? I can’t find any up-to-date information on the government website. Thanks, Neil

landlord news scotland rent freeze property118.com

Scottish emergency legislation for rent freeze passed

7th October 2022

A controversial law to bring in a rent freeze and a ban on evictions in Scotland until March next year has been passed. The Scottish government refers to the temporary new law as a ‘tenant protection bill’ and it will now see tenants being protected from rent rises and evictions during the cost-of-living crisis. The […]

Knight-themed Landlord Crusader logo symbolizing landlord advocacy

Housing crisis? What housing crisis?

7th October 2022

I scoured the Conservation Party’s agenda – all 120 pages of it – for their conference in Birmingham this week, and did I find any mention of the ‘housing crisis’ that we are suffering from? You know the one. Awful landlords putting up rents, pushing families onto the streets – running dilapidated properties and telling […]

House prices fall as the market cools

7th October 2022

The UK’s house prices fell slightly in September and the market is showing signs of cooling, Halifax reports. The latest house price index shows that prices dropped by -0.1% with house buyers worried about rising mortgage interest rates. However, the annual rate of growth fell +9.9% – down from August’s figure of +11.4%. Halifax says […]