Page 361 – Property118

The Unintended Consequences Of Incorporation

12th September 2022

When Property Investors incorporate their Buy To Let Property Portfolio, there can be unintended consequences if not done correctly. To avoid these consequences, stay tuned to this final part of our incorporation mini-series with Alex Norian, the property tax specialist, from Property118. This is part 4 of our 4 part mini-series on Incorporation. The Property […]

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Is this legal? Bank wants to amend tenancies

12th September 2022

Hi, We are in the process of remortgaging a block of 9 flats and have had a mortgage offer. But prior to completion, the bank are insisting that we write an amendment to the existing tenants that if I don’t pay the mortgage they will vacate the flat if instructed by the bank. Is this […]

Scottish rent freeze is ‘unravelling’

12th September 2022

The rent freeze that was announced last week for private landlords in Scotland has been criticised by one leading letting agent who says that the plan is already ‘unravelling’. The agent made his call after Patrick Harvie, a Green minister, told the Daily Record that the move was temporary, but he also hinted that the […]

Property expert warns landlords rushing Section 21 evictions before ban

Nearly half of landlords denied access for gas safety checks

12th September 2022

Landlord Action is issuing a reminder to landlords on the importance of carrying out annual gas safety checks – and a request to tenants to ensure they grant the necessary access to landlords to facilitate this.  They point to a recent survey that reveals nearly half of landlords have, at some point, been denied access […]

renting AirBnB permission class students landlords property118.com

Renting 4-5 rooms on AirBnB – which use permission class?

12th September 2022

Hi, I’d like to move house but retain my existing property, rented to multiple single occupants using AirBnB for periods of minimum 5 days to maximum 3 months. The majority of visitors will be international visitors for Mon PhDs (I know this as I have been using the rent a room scheme for two years […]

landlord sell flat tenant property118.com

To sell, or not to sell?

12th September 2022

Hi, I have a mortgage coming off its fixed rate at the end of October and it’s not possible to switch rates until six weeks before. With mortgage interest rates currently raising by the minute, my profit margins are disappearing and I’m tempted to sell up – although the flat has been absolutely brilliant with […]

Engineer performing maintenance on a home boiler system to ensure safe winter operation

Propertymark pledges support for Gas Safety Week

9th September 2022

Landlords are being urged to check that their gas appliances are safe by understanding the law. The call comes from Propertymark who are supporting Gas Safety Week which is now in its 12th year. The event will see organisations across various industries come together for one common goal – to help keep the nation gas […]

Rents and tenant demand rise – but supply is falling

9th September 2022

Homebuyer enquiries fell in August at the steepest rate since the early stages of the pandemic as the cost-of-living crisis impacted house market conditions, a survey reveals. The Royal Institute of Chartered Surveyors (RICS) Residential Market Survey also reveals that there has been a 50% increase in members seeing a rise in tenant demand over […]

NRLA hits back at Conservative MP calling for a rent freeze

8th September 2022

The National Residential Landlords’ Association (NRLA) has hit back at Conservative MP Natalie Elphicke who has been calling for a rent freeze on private rental homes. Writing on the Conservative Home website, Ms Elphicke said that the rising cost of living has seen many households struggling and they are making hard financial choices. She says […]

PropertyCEO and property investors network to create The pin Partnership

8th September 2022

PropertyCEO, the UK’s leading property development training company, and the property investors network (pin), the UK’s largest property training and networking organisation have agreed a strategic partnership which will create a new venture; The pin Partnership. The new pin Partnership will become a central resource for property training and education, enabling anyone interested in learning […]

Rats in brand new block of flats?

8th September 2022

Hello All, As a landlord, when a tenant mentioned there were mice/rats I immediately called in someone who knew how to deal with them. This company issued the same advice to the tenant that I had given them regarding keeping the floor swept etc. After a couple of visits, some sweeping, some emptying of traps, […]

Free lease extension – Is there a tax liability for this?

8th September 2022

Hi all, I need some advice, please. I own a flat in a house that was originally split into two individual flats back in the 1980’s. I own one flat and the Freeholder owns the other. I am in the process of selling the flat and the Freeholder has agreed to allow me to extend […]

Are NEW Landlords Building On Solid Foundations?

8th September 2022

New landlords continue to enter the UK property market every day, despite reports of many established Landlords exiting. Are these new Landlords naïve or do they know something we don’t? I think the answer is somewhere in between. For starters, they don’t have to worry about Section 24 because many of them are advised by […]

Council extends its home purchase scheme to landlords

8th September 2022

A Scottish council says it will, for the first time, consider buying homes from private landlords and allow the tenant to remain in the property as a council tenant. This will, the council says, help prevent homelessness and increase the council’s housing stock. The scheme might appeal to landlords in the area after the Scottish […]

rental refiorm uk landlord sell up property118.com

Rental reforms will see one in five landlords sell-up

8th September 2022

A third of UK landlords believe that rental reforms are currently the greatest threat to the market, with one in five (20%) planning to sell as a result. That’s the verdict from Simply Business who have surveyed more than 600 buy-to-let landlords as part of their Landlord Report. It reveals what landlords think about rental […]

HMO crackdown Blackburn council landlord tenants property118.com

Another council unveils HMO crackdown

8th September 2022

Residents in one council area are being asked to have their say on a proposed crackdown on new HMOs. Blackburn with Darwen Council is looking to impose a ban on properties being changed into HMOs without applying for planning permission. The process is called an ‘Article 4 Direction’ and the local authority wants to introduce […]

UK's average house price landlords property investment property118.com

UK’s average house price hits record high

7th September 2022

The UK’s average house price increased in August to reach a record high – after a slight fall in July, the latest Halifax House Price Index reveals. Their data shows that house prices increased by +0.4% in August, after falling 0.1% in July. However, the annual rate of growth has eased to +11.5% – from […]

Liz Truss unveils Simon Clarke as the new housing secretary

7th September 2022

Simon Clarke has been appointed as the new housing secretary as part of the Liz Truss’s new cabinet. The MP for Middlesbrough South and East Cleveland was widely expected to be given the job. He has been an MP since 2017 and yesterday he tweeted: “Delivering on Levelling Up for communities in all parts of […]

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

6th September 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 Bristol meeting Thursday 15th September. The Bristol PPN Meeting venue will be the Aztec Hotel & Spa, Aztec West, Bristol, BS32 4TS and hosted by Paul […]