Page 375 – Property118

Can I index link rents into my tenancy agreements?

16th May 2022

Hi all, I have just been talking to a fellow landlord and in the discussion, the question and idea came up can we index link the rent into an AST contract? The next question is if this indexing clause was possible in the contract would you still have to serve a rent increase notice to […]

‘Rent To Rent’ Millionaires In The UK

14th May 2022

In my 30+ years of investing into UK rental property I have had the pleasure to have connected with 1,000’s of people who have made their millions by doing the same things as me. I’ve also met more than a handful of people who have made their fortune as a result of teaching newbies their […]

Smart Property Investment UK – Bank Conversion Site Tour

13th May 2022

How you can do smart property investment in the UK right now. Join me on site of my latest Property Deal, where I have purchased a bank in Rickmansworth. I plan on using Permitted development to turn the uppers into flats and keep the ground floor as a commercial unit all without needing planning permission […]

Personal borrowing hampered by BTL mortgages?

12th May 2022

Has anyone else found that since the financial crash of 2008 you are unable to get so much as a credit card? We previously had our mortgages in business loans with a single lender. This loan didn’t appear on our personal credit searches and we had no trouble getting credit approved for personal lending such […]

Dry rot in two leasehold flats and the joint freeholder is not responding?

12th May 2022

My daughter owns a 1st-floor leasehold flat with 50% of the freehold. In April last year, dry rot was identified in her staircase and the adjoining exterior wall. The owner of the ground floor flat (GFF) was alerted to this and he has also had a dry rot survey which proved positive. The survey for […]

It is surprising that conditions have remained so buoyant

12th May 2022

The latest Nationwide House price index for April indicates annual UK price growth slowed a little to 12.1%, down from 14.3% in March with prices up 0.3% month-on-month after taking into account seasonal effects. The average price of a property now stands at £267,620 up from £265.312 in March. Commenting on the figures, Robert Gardner, […]

No let up on the lack of new rental listings coming to the market

12th May 2022

The Housing Market readies itself for the latest economic measures to impact the UK housing market, as forward-looking metrics soften, but current activity is still buoyant and house prices are continuing to rise, according to the latest RICS Residential Market Survey. The April survey shows that would-be buyers are still on the hunt for a […]

Levelling Up and Regeneration Bill gives Councils power over private property

12th May 2022

Government released details of the Levelling Up and Regeneration Bill discloses powers that will be given locally to councils to take control over empty properties, second properties and high streets. This kind of power would seem a slippery slope and includes: New powers for local leaders to run High Street Rental Auctions, where they can […]

Tenant cannot quite raise enough to buy their home?

12th May 2022

Hi everyone, We have a very good tenant of nearly 13 years standing. However, we would now like to sell the house and the tenants would like to buy the property which is their home. The maximum mortgage they can get is about £40,000 or ca. 25% under the market value of the property. I […]

Shelter’s newest attack on letting agents is appalling and childish

11th May 2022

Shelter claims Landlords and letting agents have got away with cutting corners for far too long and have released a satirical video with an agent played by comedian Rory Marshall (see video below) However, Propertymark CEO, Nathan Emerson, responded: “Shelter’s newest attack on letting agents is appalling. Their war on the private rented sector is […]

Government says it will ‘end injustice’ with new deal Renters Reform Bill

11th May 2022

Michael Gove, and the Department for Levelling Up, Housing and Communities, have followed up on the Queen’s speech with exactly what their intentions are for the Renters Reform Bill. Apparently, 21% of private renters live in homes of an unacceptable standard and 22% did not end their tenancy by choice (ignoring the fact this could […]

Guaranteed Rental agency – Can’t get my property back after 3 years

10th May 2022

Back in 2013, we signed a contract with a Guaranteed Rental letting agency for a 3 year period. The contract stated that if/when we wanted our property back (after the 3yr period) we would give 2 months notice, but the actual time taken to return vacant possession could be delayed due to eviction proceedings etc. […]

I am inclined to Ok tenant leaving early before the break clause?

10th May 2022

I rent out an apartment. The initial contract started on February 13th 2021 and the fixed term was for twelve months. The tenant renewed for a further twelve months from Feb 13th 2022. The tenant is now in some difficulty financially and her mother has become unwell and they need to go and live with […]

This is simply not good enough

10th May 2022

Responding to confirmation in the Queen’s Speech that the Government will bring forward its planned Renters Reform Bill to abolish Section 21 repossessions, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “We welcome the Government’s acceptance that reforms to the rented sector need to strengthen the ability of landlords to tackle anti-social […]

Queen’s Speech – Landlord Reactions

10th May 2022

In the State Opening of Parliament, the Queen’s speech (this year given by Charles the Prince of Wales) sets out the laws her government wants to pass and the priorities for the months ahead. For the Property Sector the main headlines are: Her Majesty’s Government will introduce legislation to improve the regulation of social housing […]

New Shelter video attacking letting agents and rental conditions

10th May 2022

Shelter claims Landlords and letting agents have got away with cutting corners for far too long and have released a satirical video with an agent played by comedian Rory Marshall. In the latest press release, Shelter’s ‘research’ also indicates one in six private renters in England (equivalent to two million people) are forced to accept […]

Spare room demand and prices spike

10th May 2022

New research reveals that Sunderland has experienced the biggest increase in rental demand of all the main UK towns/cities. Data from SpareRoom, showed that listings posted on the platform for rooms in Sunderland saw a 165% increase in demand since Q1 2020, with the average cost of a room also rising by 24% from £327 […]

CGT return – Have I got this right and can I use paper?

10th May 2022

My net income for the tax year ending April 2021 will be £20,000 and I expect it to be the same next tax year ending April 2022. However, I now have a vacant property and am considering selling it. I have roughly worked out that after initial purchase costs, legal/agent fees, CGT allowance etc that […]