Page 372 – Property118

Late service of Prescribed Information?

9th June 2022

S21 requires EPC, How to Rent Guide and CGC papers to be issued to a prospective tenant BEFORE the tenancy is agreed or started, or the S21 notice is INVALID. I have read somewhere that LATE service is now accepted so, I wish to legally check where this change, if correct, is stated. No use […]

Person surrounded by question marks symbolizing confusion over rent-to-rent issues

Please Help – 1 AST but some tenants have not been paying?

8th June 2022

We have been landlords for almost 15 years – specialising in students. There is always one AST for 12 months (we have no HMO licence and do not need one right now). We have never encountered any problems. We are good landlords, all paperwork is always in order and all repairs are done immediately (within […]

Renters Reform Bill pushed back and Rent controls off the table

8th June 2022

Housing Minister Eddie Hughes was answering written questions to Parliament and indicated that the Renters Reform Bill that includes proposals to ban Section 21 would be pushed back. After previously stating the White paper would be published this Spring he now seems to be much less certain on timescales. Olivia Blake,Labour MP, asked: “When the […]

57% of PRS benefits tenants now have a Local Housing Allowance shortfall

8th June 2022

Official data shows that of all private rented households in receipt of the Local Housing Allowance over half, 57%, have a shortfall. This amounts to just over 820,000 households. Regionally, the proportion of private rented households affected ranges from almost 41% in London (although based on a much higher number of claimants), through to 69% […]

Green shoot for purchasers as we may be past peak sellers market

8th June 2022

The Halifax House Price index released today shows a minor inflationary cooling with month-on-month prices increasing by 1%, the eleventh consecutive monthly rise. Over the last 10 years, the average house price inflated by 74% to the current figure of £289,099. Russell Galley, Managing Director, Halifax, said: “The average cost of buying a home in […]

Open Letter to the UK Buy-To-Let Mortgage Sector

7th June 2022

Most UK mortgage lenders and mortgage brokers do not fully understand the potentially disastrous implications of landlords taking on new mortgage finance at the point of incorporation of their property rental business. At Property118 we feel we have a moral obligation to share the linked PowerPoint presentation below, and we urge all landlords to share […]

Name on AST and DPS Certificate Spelt Incorrectly?

7th June 2022

I have a tenant who is subletting his room and is refusing to quit his tenancy and return keys. He pays his rent on time and in full every month. Its a single room with shared kitchen and bathroom facilities. We have tried since 2020 to work with him on this and get him to […]

Debunking Common Property Tax Myths

6th June 2022

Welcome to the pilot of ‘The Property Tax Show’ where myself and Tax Consultant Alex Norian From Property118 will be debunking common myths and misconceptions from all areas of property tax. If you have something you want to be covered in a future episode, simply comment below. The Property Tax Show is dedicated to covering […]

Council forgoes civil financial penalty in pursuit of Banning Order

6th June 2022

Despite announcing in 2018 that they were now pursuing landlords for failure to licence HMOs and breaches of HMO Management Regulations under the civil penalty regime, (see £16,000 fine given for non-licence HMO”) the local authority has instead taken this “Rogue” landlord to court where there was only a small £4,808 fine. What we are […]

Can tenant claim disrepair when they have got kitchen in this state?

6th June 2022

An elderly (aged 80), long standing tenant told me on Thursday that she needs work done in her kitchen and I said I would get my builder to see what could be done. Then I looked in the kitchen – there were dirty dishes stacked around and in the sink. The drawers are totally smashed. […]

Million Pound extension – Lender requiring a structural warranty?

6th June 2022

Two years ago I purchased a 4 Bed house for over £450k via a mortgage with Natwest. The house had a large footprint and my plan was the do an extension of the house. The extension resulted in a new frontage of the house, new outer skin brickwork, reconfiguration of layout, new truss roof..etc. total […]

Can Council Tax be clawed back from past tenants for banding error?

6th June 2022

Some of my tenants have just moved and have forwarded across the Council Tax bill to confirm payments up to the end of the tenancy. However, on the paperwork, I have noticed that the Council Tax bill has been wrongly billed to band A and not band C as it should be for this property. […]

Renting or buying main residence while on second build?

6th June 2022

Hi all and thanks for having me on the forum. I am a first-tie developer having sold my London property and with £450k in the bank, I bought some land in Kent and obtained FPP. I have just finished building the house which has been valued at around £1-1.2 M. I did need to borrow […]

Washing machine in small studio?

6th June 2022

Hi all, My studio flat has been rented out since the late 80s. However, it is empty now due to Covid19 but in excellent condition after a recent refurbishment has been carried out. I am looking for a professional tenant to rent the property to, but I am worried the lack of a washing machine […]

Propertymark report recent collapse in rental supply

6th June 2022

Propertymark’s regular survey of its 443 member agencies found the supply of properties to rent had collapsed by almost half from 30.4 in 2019 to 15.6 available per branch in 2022. Propertymark also found that 94% of rental properties removed during this period did not come back onto the market and were likely sold. In […]

Woeful government new build efforts – 120,000 short of target

6th June 2022

The latest new-build sector insight by Unlatch revealed the Government has continued with its woeful efforts where new-build delivery is concerned, missing its latest target in 2021 by almost 120,000 homes. The data was analysed on the number of new home completions seen across the UK each year and how they stack up when compared to […]

How To Use Permitted Development Rights Inline With Local Councils

3rd June 2022

Permitted Development rights (PDR) that were first introduced in 2021 have made it very easy to convert commercial buildings to residential use but how easy is it in practice to get permitted development applications through local cancels? Today, I’m joined by David Kemp from DRK Planning, a specialist in this subject, so stay tuned for […]

Back To Office Backlash

2nd June 2022

Interesting data shows that workers want to work from home, and the BBC Staff demand it, but productivity is slowing down! Is anyone doing any work anymore? In this video, Andrew Roberts and I break down what opportunity this raises for property investors in the office sector. Click on the video below: