Page 373 – Property118

Should I do the right thing?

1st June 2022

I have a long term tenant who’s been renting from me for donkey’s years. Rent paid on time without fail. He pays weekly as suits him best. He lives alone, and keeps himself to himself. Mid 50’s. He stopped paying in April. Very strange. I call him, then email no response. I eventually get him […]

Is now a good time to refinance and fix?

1st June 2022

My brother and I own 26 rental properties, all very standard houses and flats kept in good condition and let to working people. They are all what I would call “vanilla” buy to lets. Rents and values have increased significantly since we purchased them, so currently we are sitting at just under 50% LTV and […]

House price growth cooling for the second consecutive month

1st June 2022

The latest Nationwide House Price index statistics for May showed annual growth cooling slightly for the second consecutive month, but still in double figures at 11.2% from 12.1% in April. However, prices were still up 0.9% month-on-month for May with the average now standing at £269,914. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, […]

How many BTL properties is enough?

31st May 2022

Why is it that so many landlords judge themselves and their peers by how many Buy-To-Let properties they own? Given a choice between owning 1,000 flats in Northern England or Scotland, which are let to benefits tenants, or the alternative of owning the Burj Khalifa in Dubai, guess which I would choose? It may come […]

Elizabeth line rental yields

31st May 2022

New research by Revolution Brokers has revealed which Crossrail stations currently make the best investment for buy-to-let landlords based on the average rental yield available in each station postcode. This analysed current rental and housing market data to find the average rental yield in each Crossrail station postcode, as well as looking at how this […]

TONIGHT: How to buy in a Booming Market

31st May 2022

This is just a quick reminder about the live training tonight at 8pm, all about how you can compete in today’s booming market and still purchase using very little of your own money. Generally, sellers expect to get paid top price for their property and are often getting it. Many investors are getting outbid by […]

Renting Homes Wales Act delayed until 1st December 2022

31st May 2022

Julie James MS, Minister for Climate Change, has announced that the Welsh Government is to delay the implementation of the Renting Homes (Wales) Act 2016 from July 15th to the 1st of December 2022. Julie James’s statement said: “I have over recent months received representations from landlords, and particularly social landlords, who have requested that […]

Irrelevant deposit question – Completing N5B form?

30th May 2022

Hi, I am trying to complete an N5B form and struggling to answer a question. At the beginning of the tenancy, I never took a deposit from the tenant so there is nothing to return and no scheme requirement. Question 12 asks “was a deposit paid in connection with the current tenancy or any prior […]

elegraph logo used in rebuttal to article on landlord tax structures

Telegraph article highlighting our own Mick Roberts

30th May 2022

Melissa Lawford, property correspondent at The Telegraph, has written an article about Mick Robert’s offer to gift his tenant’s the deposit to purchase their homes from him: Click here to read the article. Mick also told the Telegraph that if a tenant couldn’t meet lending criteria for a mortgage he would reduce the sale price […]

Can I include management and ground rent costs in a new AST?

30th May 2022

My tenant’s 12-month fixed term AST ends on the 1st of November 2022. However, instead of letting it roll onto a periodic tenancy can I start a completely new AST to increase the currently low rent to include: 1/ management service charge. 2/ ground rent. I am concerned that doing so would violate PERMITTED FEE […]

Forgetting the PRS here too!

30th May 2022

Hi everyone, An interesting article here from Inside Housing “Going bust: how contractor insolvencies are affecting development and repairs.” The effects are felt all over though in the wider housing industry. As a landlord, I am finding getting contractors and tradespeople an absolute nightmare at the moment. I wonder how this is going to feed […]

Property expert warns landlords rushing Section 21 evictions before ban

Section 21 misconceptions

30th May 2022

In the recent Queen’s Speech, the government reiterated its commitment to scrapping Section 21 ‘no fault’ eviction notices during the next Parliamentary session. Paul Shamplina, star of Channel 5’s Evicted! Nightmare Tenants, founder of Landlord Action and Chief Commercial Officer at Hamilton Fraser, has joined forces with PropTech firm PayProp and issued a joint call […]

Running one more time on Tuesday 31st May at 8pm

27th May 2022

Thursday night Simon Zutshi delivered massive value, as expected, on his brand new live training all about “How to use Creative Finance to grow your property portfolio”. We have had a number of people contact us, to see if they can gain access to a recording of this Master Class because they want to go […]

Student Lodgers or HMO?

27th May 2022

Hi everyone. I am lending my daughter the money to purchase a 3-bed house while she’s away studying at university. She will/intends to rent 2 of the rooms and 1 rented in a self-contained annexe. The question is does this make it a lodgers agreement or an HMO that requires licencing? Many thanks Brendon

Living in my BTL – Consent required?

27th May 2022

I own one property which has a BTL mortgage on it. It is going to become vacant later in the year and it would be convenient for me to live in the property for about 8 months after which I will be moving to a different part of the country for work and renting a […]

Red F1 help button on Keyboard

Section 13 notice for rent increase – Struggling with questions 3?

27th May 2022

Hi everyone and sorry if probably being a bit thick, but here goes: 3. The first rent increase date after 11th February 2003 is…….. What date is required here? I’m intending to increase the rent in July. Is it the date I first notified the tenant that I would be increasing the rent last time, […]