Page 371 – Property118

Don’t look back in anger

22nd July 2022

Hindsight can be a wonderful thing, can’t it? When you look back at a smart decision you made and see how well it’s worked out for you. But it can also be painful when you look back at a decision that you regret and hasn’t worked out well at all. Hindsight is even better when […]

Portfolio landlords research by Handelsbanken

21st July 2022

Handelsbanken has conducted new research among a small but niche panel of 120 professional landlords managing a total of 829 properties in the UK on their outlook for the industry, the challenges they faced during the pandemic, the impact of new EPC legislation on their portfolio and their succession plans. Click here for the full […]

Tenants complain but won’t take action?

21st July 2022

Looking through the thousands of posts on this forum, you quickly get the impression that landlords are wicked scoundrels and tenants complain about them constantly. It’s the same in my world of block management. Long leaseholders complain about high service charges, a lack of timely repairs, soaring insurance premiums and managing agents who charge but […]

Mother left 13 year old daughter and three dogs?

21st July 2022

Help, after being four months in arrears the mother LEFT her 13-year-old daughter with three nasty dogs in our two-bedroomed flat and moved in with her boyfriend. (the lease was 12 months and ran out a few months ago) We were reported to the council because the daughter “got a shock from the electric supply”,  […]

Bank of England Governor prepares us for possibility of 0.5% base rate increase

20th July 2022

Andrew Bailey, Bank of England Governor, gave a speech yesterday at the Mansion House Financial and Professional Services Dinner. Although he did not and could not give an indication of what the Monetary Policy Committee’s decision would be for the next Bank Base Rate vote on the 4th of August, he was preparing the way […]

Unsurprisingly not one standard savings account that can outpace inflation

20th July 2022

Some fixed savings rates have more than doubled in the last year, but inflation continues to outpace cash interest returns. Moneyfacts.co.uk reveals the top rate deals available for liquid funds if you have to park any deposits. The Consumer Price Index (CPI) rose to 9.4% during June, from 9.1% in May. Unsurprisingly, there is not […]

House prices feeling the heat – Emergency Recession Webinar

19th July 2022

Yesterday the UK saw record high temperatures, but it’s not just the weather settings records. House prices rose 14% in the year to June. The highest rate since 2004. House prices rose month-to-month 1.8% in June. The steepest monthly increase since 2007. All amid a threat of recession, political turmoil, war, and a once-in-a-generation cost […]

Holiday lets – the dream solution?

19th July 2022

With the Renters’ Reform white paper making residential buy-to-lets less attractive, is it time to look at snapping up a country cottage holiday let? It may be, but be careful, warns Richard Reed. We’ve all probably dreamed of owning a cosy country cottage in an idyllic part of the country, let out for chunks of […]

Exempt accommodation providers – who are their agents?

19th July 2022

Has anyone released their property to or entered into short-term lease arrangements with a managing agent who then goes on to organise the accommodation and support services for Exempt providers in the Birmingham area? Are you an Agent that provides properties for this purpose? I am keen to determine if the same Agents also take […]

Claims history declaration on rent guarantee insurance?

19th July 2022

Hi, Could I please ask for a specialist opinion? I have had a claim made on my Rent Guarantee Insurance. When I am now quoting for my Landlord Insurance (building only) I am asked about claims in the last 5 years. Different websites formulate the question in different ways. Mostly, it sounds as: “Have any […]

A laptop showing stacked coins

Charging an extra week’s rent to buy deposit insurance?

19th July 2022

Hi everyone, A friend of mine who owns a small portfolio of let houses like me has asked me if I know anything about Reposit. As far as I can glean, this company instead of taking a deposit charges an extra week’s rent which is used to buy an insurance policy. Have any readers had […]

Common parts fire risk?

18th July 2022

Hi, I have several flats in conversions in two-storey buildings. Yes converted pre 1991 Building Act. On viewing properties to buy I notice several now have a wired fire alarm and emergency lighting to the common parts. However, in my opinion, as an experienced architect and chartered surveyor (retired) where the staircases/escape routes are very […]

Window opening onto a neighbour’s shared courtyard?

18th July 2022

We rent a recently refurbished a terraced cottage with upstairs windows at the back of the property opening outwards onto a neighbour’s shared courtyard. The neighbour who shares the courtyard with others has requested we either replace our windows with sash-opening windows or request our tenant keep the windows closed to prevent the windows from […]

The Platinum standard for the future of HMOs

18th July 2022

When I tell people I’m the managing director of a property investment franchise specialising in HMOs, I’m often met with scepticism. Scummy, rogue landlords profiteering off younger generations, robbing them of an opportunity to buy their own home. Landlords are bad, greedy people, tenants are anti-social, destructive and will never pay… or at least that’s […]

Absent Owner and Nonpayment of Management Fees?

18th July 2022

The owner of a flat in a development where I also own a property has not paid any fees or ground rent for at least four years and current arrears are approaching £5000. I understand the flat, which was inherited by the current owner at that time, is in a poor state of repair and […]

Construction Industry Scheme – CIS don’t get caught out

18th July 2022

The Construction Industry Scheme, or CIS for short, is an HMRC scheme to prevent the loss of tax receipts from contractors, and sub-contractors that didn’t always file or completely fill out tax returns. It covers a wide range of activities and in simple terms, the contractor withholds the tax as they pay sub-contractors and account […]

Managing a mini HMO?

18th July 2022

I recently exchanged and completed on a mini 3-bed HMO with 3 sitting tenants in situ on 3 different ASTs. There is a management company in place who have been managing the mini HMO under a selective licensing scheme. I am now required to apply for an additional HMO license in the next 30 days. […]

10 Top Tips To Succeed In Property In A Changing Property Market

16th July 2022

The Property Market is changing, hence I’ve put together 10 top tips to succeed In property over the coming years. Each tip comes with its own associated video from our back catalogue for you to enjoy. All links can be found below. 00:00 | Ten Tips Videos – https://youtube.com/playlist?list=PL2… : 02:12  The BRRRR Strategy – […]

iHowz Publish their Response to White Paper

15th July 2022

iHowz landlord association have published their response to the Government’s White Paper “A Fairer Private Rented Sector” They have sent their response to the new Minister, Greg Clarke, and have also sent it to other landlord associations, in an effort to identify any additional issues and present a united front when MPs return to the […]

Next incumbent of No.10 needs to address the PRS supply crisis

15th July 2022

The next Prime Minister must address the supply crisis in the private rented sector if homeownership ambitions are to become a reality. That is the warning from the NRLA as new survey data shows that the supply of homes to rent is likely to keep falling over the next year. According to this research, by […]