Page 386 – Property118

Split titles and Stamp Duty circumvention?

25th February 2022

Hi, I’m looking to split titles on a 3 flat conversion I completed in 2018 to lower the finance costs. I’ve been advised there will be stamp duty to pay even if the leases are transferred to my spouse and myself. Is there any way around this as the mortgage is 460k, and I’m sure […]

9% annual reduction in rough sleeping

25th February 2022

The annual rough sleeping statistics, published 24 February 2022, show that rates have fallen for a fourth year in a row with a 9% reduction in rough sleeping compared to last year. Numbers have fallen in every region of England, taking levels to an 8-year low overall. The number of people in emergency accommodation has […]

White Goods clause in rental property?

25th February 2022

Hi all, Hopefully, someone on this forum can help me out with a query. If I let my rental property out to a prospective tenant and supply the white goods (fridge/freezer and washing machine) would it be possible to place the responsibility on the tenant in the event of repair or replacement of the item […]

Pandemic Right to Rent check changes extended to 30th September 2022

24th February 2022

The adjustments to Right to Rent checks, which were made due to COVID-19, will now be extended from 5th April and continue to 30 September 2022. This follows the government’s announcement enabling landlords to use Identification Document Validation Technology (IDVT) to carry out digital checks on behalf of British and Irish citizens who hold a […]

Our city is facing a rent crisis

24th February 2022

Landlords, especially any in Bristol, may be interested to listen in to this event: Click here Bristol Renters Summit 2022: Wed, 2 March 2022 18:30 – 20:30 GMT “Our city is facing a rent crisis, with rents increasing, demand exceeding supply, concerns with landlords meeting health and safety regulations and a shortage of accessible housing. […]

EPC Commercial Confusion?

24th February 2022

I am in the process of renewing a lease with a commercial tenant for the next 6 years., The EPC conducted in Feb 2017 is an F (carried out by the previous owner just before we bought the property – the tenant was in situ at the time). In April 2023 the EPC has to […]

Percentage service charge calculation?

24th February 2022

I bought an off-plan buy-to-rent apartment from Fortis a few years ago, and recently they have asked for a pretty hefty balancing charge for 2020. I looked at the lease to see what my percentage should be, but it does not give it, unlike other leasehold properties that I own. The percentages were not on […]

RogueTenantRegister.co.uk – feasibility?

23rd February 2022

Why has no one started a rogue tenant register? I am ready to…. I have done extensive research on the idea as a multi landlord myself, and the only possible problem I come across is adding a tenant to such a register without a conviction may be legally questionable. Does anyone have an opinion? I […]

Understanding Commercial Service Charge Apportionments

23rd February 2022

I have a long commercial leasehold on office space in a mixed residential (apartments) and commercial (offices) development, though the commercial and residential units are distinctly separate buildings. We receive service charges every 6 months from the landlord’s managing agent. We receive ground rent demands every 12 months from the landlord’s freehold agent. There have […]

Renters face struggle to find homes as supply dries up

23rd February 2022

Demand for private rented housing remained strong at the end of 2021, according to new data released today by the National Residential Landlords Association. A survey of private landlords across England and Wales, conducted in partnership with the research consultancy BVA/BDRC, found that 56% reported a rise in demand for privately rented homes in Q4 […]

Only 54% of non-portfolio landlords aware of EPC requirements for 2025

22nd February 2022

Buy to let portfolio landlords are more likely to be aware of the government’s proposed EPC requirements than non-portfolio landlords, according to new research by Landbay. From 2025, all rental properties with new tenancies must have an EPC rating of at least C and for existing tenants, landlords must comply by 2028. The survey found […]

Property market supply falls by 21%

22nd February 2022

The number of properties listed with estate agents has fallen by an average of 21% in the last year. In January 2021, estate agents across England and Wales had an average of 33 properties on their books. This included both available properties and those sold subject to contract. Last month, that figure had fallen to […]

CGT on lease extension?

22nd February 2022

I owned a house as my main residence, which was converted into three flats and put into my BTL business. The three flats were held under a single title initially. I decided to remortgage the flats and had to put each flat under a separate leasehold title and create a single freehold for the 3 […]

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Wales rule change questions for July 2022?

22nd February 2022

I had been looking over the new model contracts under the new rules and was surprised that there were no fundamental or supplemental terms relating to agents or interest on late rent payments. I made enquiries and interest on late rent payments are an additional term agreed between landlord and contract holders. This surprised me […]

SDLT on Private Purchase of two properties to be combined to one?

22nd February 2022

We have a portfolio of properties rented out and are buying 2 attached cottages to make 1 private residence (the cottages are on separate deeds being purchased from the same seller). We are selling our main residence to fund the purchase. We are being told various amounts of what SDLT is due because of purchasing […]

New Material information disclosure guidance for listing properties

22nd February 2022

A property’s council tax band or rate and the property price and tenure information (for sales) must be included on all property listings by the end of May 2022 and these data fields will start to appear on portals over the coming weeks. These changes represent the first phase of a project by the National […]

Lazy and false assumptions that landlords are property tycoons

22nd February 2022

Government plans to end the cladding scandal are based on lazy and false assumptions that individual landlords are property tycoons. That’s the warning from the National Residential Landlords Association following comments made by the Housing Secretary, Michael Gove, to the Levelling Up, Housing and Communities Select Committee this afternoon. Speaking to MPs on the Committee, […]

The Last Chance To Get Your Deal Funded

21st February 2022

Have you got a property project that requires funding? Are you looking for a business partner or an Angel Investor to make that deal happen? Here is your last chance to apply to Property Elevator to get just that. Property Elevator is filming 1st, 2nd & 3rd of March. Apply here for a chance to […]

Ministry of Housing, Communities & Local Government

Amendment to Cladding Bill may force landlords to be treated equally

17th February 2022

Government plans mean individual landlords who are leaseholders renting out more than one property will be excluded from proposals, pledging that no leaseholder in a building over 11 metres in height will have to pay for the removal of dangerous cladding. An amendment tabled to the Building Safety Bill by the Conservative Peer, Lord Naseby, […]

Sadiq Khan wants Rent Repayments Orders doubled to a maximum of two years

17th February 2022

The Mayor of London, Sadiq Khan wants the amount that tenants can claim back if their home isn’t up to scratch doubled, to two years’ worth of rent, for the worst properties which pose a risk of death or serious injury. For London tenants paying the average rent of £1,425 a month this could mean […]