Page 370 – Property118

How to obtain Class MA Prior approval

1st August 2022

Yue was one of the first people to obtain a class MA prior approval with the help of Linda Wright and PLANiTWRIGHT. In this video, we look and Vue’s project and find out how he used Class MA to do a commercial to residential conversion. We look at the planning issues which had to be […]

Does emergency work over-ride a S20?

1st August 2022

Hi all, We are a block affected by the lack of fire stopping, cladding and other fire-related issues. The block is 5 years old and has numerous issues and defects and when we formed the Right to Manage (RTM) in March we took on all these issues and more that the managing agent had not […]

Accessibility standards to be raised for New Builds

29th July 2022

New homes will be more accessible for older and disabled people as the government today (29 July) confirms plans to raise the accessibility standard following full consultation of proposals. The raising accessibility standards for new homes consultation proposed staying with the existing framework for accessible housing, reconsidering the way existing standards are used or raising […]

The Latest Government Legislation Proposals and Property Economy Update

29th July 2022

Wednesday 3rd August 6pm – 9pm National Virtual pin Meeting. Click here Paul Shamplina, founder of Landlord Action and Chief Commercial Officer of Hamilton Fraser and often referred to as ‘The Landlords’ Friend, will be discussing and helping us through the recent Government white paper 12 point action plan, which contains the proposals for a […]

Rental property repossessions 56% down on pre-pandemic figures

28th July 2022

Industry analysis by Landlord Action has revealed that the number of rental property repossessions carried out on behalf of landlords across England and Wales has increased by 1,487% annually, following the end of the tenant eviction ban implemented to protect the nation’s renters during the pandemic. Tenant evictions and their wider welfare within the rental […]

Ministry of Housing, Communities & Local Government

Building Safety Fund opens for new applications

28th July 2022

More leaseholders in high-rise homes will be spared unfair bills for building safety costs as the government’s £4.5 billion Building Safety Fund reopens for new applications today. Buildings over 18 metres with cladding issues are eligible to apply for the fund, which has allocated over £1.3 billion towards making homes safe since its launch in […]

Conflict of Interest with fees paid by purchaser?

28th July 2022

Hi All, I have recently come across a ‘Modern’ online method of auction. The house to be sold was circa £225,000. The online auctioneer was instructed by the vendor, but the fee of £6,000 was to be paid by the purchaser. Now, this seems to be a big fee, but the client, the vendor paid […]

Two weeks notice for section 8 ground 12?

28th July 2022

Hi Everyone, Can a Section 8 ground 12 notice for breach of AST contract be issued during the FIXED TERM agreement, which is now in its 8th month of 12? Guidance for Ground 12 seems to allow for just 2 weeks’ notice rather than 2 months or longer for most grounds. Any help would be […]

Media coverage “no fault eviction”?

27th July 2022

There is increased media coverage of “no-fault evictions” with councils telling tenants to stay put and not move because there is nowhere for the tenants to go. This of course is against current case law, but rental supply has dropped so low that councils have little alternative. It’s always the landlord at fault in every […]

DPS report record rent increases

27th July 2022

The DPS has reported average rents rose £66 from £804 to £870 (8.21%) between Q2 2021 and Q2 2022.  The organisation added that four of the largest recorded quarterly rent increases since 2007, including 1.74% in Q3 2021 and 1.96% in Q4 2021, took place during the same period, significantly contributing towards the UK’s rent […]

Holiday let to be taken over by golf club?

27th July 2022

Hello fellow hard-working property providers, We have a holiday let (5 bed 2 bathrooms) next door to where we live. Currently on Airbnb and doing well. Purchased by us (not in a company structure). We’ve been offered the opportunity to have the (reputable) golf club across the road ‘manage it’ (still early talks but effectively […]

Can I conduct viewing in tenant’s absence?

27th July 2022

My tenant is still within the 12 months fixed term agreement and has told me he was buying elsewhere. Therefore, I now require him to enable an internal viewing of the flat by a potential buyer. The AST says he must permit this and I need to get a time for the buyer’s visit. Should […]

Buy-to-Let Newbie financing question?

27th July 2022

Hi all, I have a question related to starting a small property business. I own a 50% share of a house in the UK which is worth roughly £200,000. This house is currently being rented out and I receive 50% of the income per calendar month. I am hoping to purchase another house in the […]

Renters Reform Bill a ‘hand grenade’ for student let sector

26th July 2022

The controversial Renters Reform Bill could destroy the student-let sector. The ban on fixed-term tenancies will mean landlords can no longer guarantee spaces to new students at the start of the next academic year. Richard Reed reports. Fixed-term lets have been the norm for university students for decades. They move out at the end of […]

40% of PRS is likely to fall short of proposed minimum EPC reqiurements

25th July 2022

Propertymark has analysed data from the latest English Housing Survey and is warning the market that 40% of the English PRS are likely to fall short of EPC rating targets currently proposed to come into force later this decade. The forecast by Propertymark is predicting, based on the number of PRS properties with an EPC […]

Cladding repairs needed to remortgage?

25th July 2022

Has any leaseholder, coming to the end of their mortgage term, been able to re-mortgage with a B2 defective fire risk assessment applied to their building? Further, the landlord is still holding out ‘waiting’ for Government clarification as to who will pick up the bill on a building over 11m tall, but also over 30 […]

Have your say on the Renters Reform White Paper

22nd July 2022

The Levelling Up, Housing and Communities select committee is launching a probe into the Renters Reform White Paper and is asking for evidence to answer a list of questions they consider unanswered. The closing date for submissions is 19 August 2022. Click here The select committee inquiry is seeking answers to the following questions: Will […]

Keep yourself up to date at the next Virtual National pin Meeting

22nd July 2022

It is so important at the moment to keep up to date with the Property Market. On Wednesday 3rd August at 6 pm, the property investors network will be running their Virtual August National pin Meeting. There are three amazing speakers, and you will get the chance to network in breakout rooms with investors from […]

Cost of EPC improvements exceed landlord pain thresholds

22nd July 2022

There is a gulf between the amount that landlords are willing to pay to meet proposed new EPC requirements and what it is actually likely to cost. A survey of landlords carried out on behalf of Paragon Bank has found that 77% of landlords are willing to spend up to £3,000 to upgrade each property […]

Legal Cover – What cover?

22nd July 2022

Has anyone had experience dealing with Legal Cover? I was sold the add-on extra as ‘if you need to evict a tenant then we will sort everything for you’. In reality, the insurance has wriggled out of perusing my claim by evaluating that there isn’t a more than 51% chance of winning the eviction. The […]