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 […]

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. […]

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 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 […]

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 […]

The latest RICS Residential Market Survey indicates rents are forecast to rise in the lettings market, due to the continued imbalance between supply and demand. This month +36% of agents reported an increase in tenant demand and -11% saw a fall in the number of new landlord instructions. This is resulting in +52% of respondents […]

Hi Folks, Recently had a tenant run to environmental health after I told her I’m not willing to re-house her or lower the rent. Anyway, met the officer down there yesterday (after 3 days notice) to go through the place with the tenant to find that very little needs doing, as I suspected. Anyway, opened […]

Hello everyone, I have had a story of one of my trashed properties make it into the Salisbury Journal >>  https://www.salisburyjournal.co.uk/news/20273464.wiltshire-landlord-pays-30k-repairing-destroyed-house/ “A Wiltshire landlord paid out £30k in repairs following fears her nightmare tenant would “blow up the house”. “Kathy has been a landlord for more than 30 years, but says the tenant she dealt […]

I have just sold a rental property and am slightly unsure regarding capital gains tax. We made a profit of £77,000. The property was originally bought in joint names 50/50 basis with my husband, but we changed a few years ago as he is now disabled so I owed 99% and he owns 1%. Does […]

Between April and June 2022 (inclusive), six agents were excluded from The Property Ombudsman (TPO) for failing to pay a compensatory award. The excluded agents include: Kingdom Property Services Ltd, a sales and lettings agent in Slough, Berkshire. TPO found that Kingdom Property Services failed to transfer over rent (£1,726.99) to the landlord. The tenant […]

My evicted tenant remains non-communicative and I’m just glad to have the empty property back. The neighbours now tell me a car in the communal private parking area belongs to the tenant. It has not moved for months and the keys are hanging up in the flat. My letting agent wrote to the tenant and […]

My partner is the executor, of his parent’s house. In his mum’s will, it is to be sold and divided between him and his 2 brothers. Just when everything was going, the land registry refused, due to the missing head lease. However, we gave every bit of information we had in his mother’s name when […]

Hi everyone, After 15 years of being a landlord and housing over 20 tenants I have my first non-payer! I have always built good trusting relationships with my tenants and always rent on an all-inclusive basis with no bills etc. This one tenant after all this time has lied, tricked and deceived over last year […]

7 steps to succeed in recession over the next 5 years presented by Ranjan Bhattacharya at the Baker Street Property Meet. History is repeating itself, it’s like we’re back in the 1980s! However, Uk property investors can use this past and present data to predict the future of property over the next five years and […]

The Property Redress Scheme (PRS) was launched in 2014 and is the UK’s largest lettings redress scheme with over 13,250 letting agency branches covered. All estate agents, lettings agents and property managers in England and Wales must become members of such a scheme with the fine for non-participation up to £5000. The Government’s intention in […]

You may think that you’ve missed your chance to sell a property portfolio for the best price, but surprisingly, the markets are showing otherwise. According to the Halifax, property prices are defying the current economic downturn by continuing to rise. However, the situation cannot last, and price growth is almost certain to slow soon, with […]

Hi All, when I conducted an EICR last year, I received an ”unsatisfactory” rating C2. Due to ”6mm cable on 40a mcb”. Looking at the details in the schedule at the back, this is in relation to the Cooker. Details are as follows for any electricians who can provide some advice, on whether the rating […]

Apparently, there is still some government work being carried out – Derelict and underused brownfield sites across England will be used to build thousands of new homes – the Department for Levelling Up, Housing and Communities announced 8th July 2022. From today, councils will be able to apply for a share of the new £180 […]

Hi everyone, My tenants were evicted on 30/4/2022 and they left three bikes in the garage. Since then, I have made several phone calls and and sent texts attempting to give notice of a date and time they could come and collect the bikes. However, to date, I have had no reply. The question is […]

Electricians have revealed the 10 most dangerous mistakes that Brits make when attempting electrical DIY at home, with some possibly leading to serious injuries or worse. Almost half (49%) of Brits have meddled with their home’s electrics, so ElectricalDirect asked hundreds of electricians to reveal the most common errors people make, and then rank them […]

If you grant a tenancy for +7 years it has to be registered at HM Land Registry. What will happen, under the new White Paper if it becomes law if tenants stay +7 years? Does the tenancy then have to be retrospectively registered? Is that even possible? Something else the drafters have not thought through […]