Page 388 – Property118

Shelter warns of cost of living consequences

11th February 2022

Shelter warns in their latest press release that more renters are likely to get into financial difficulty in the coming months as living costs continue to rise. New government figures show that 14,123 landlords in England started court proceedings to evict tenants from their properties between October and December 2021, up by 43% on the previous quarter. Shelter […]

Housing Association flat that does not allow subletting?

11th February 2022

Hi, I have a young member of staff who purchased a flat in a housing association block of flats. He did not realise that when purchased, he could not sublet. Has tried to sell his flat and the purchaser wants the right to sublet! The other flats are all the housing association’s tenants! It seems […]

In a pickle and need legal expertise?

10th February 2022

Got a strange situ here – I have 2 licensees who originally rented 2 rooms in a shared house. Then they got together. The other 2 licensees moved out before Christmas and these remaining 2 asked if they could rent the whole house. I agreed reluctantly as they’ve been a pain with late payments and […]

Agent didn’t protect tenant deposit and now in liquidation?

10th February 2022

Hi everyone, I may be in a bit of a situation. I have an agent who I have used for one of my properties who it looks like took a 3k deposit from tenants, didn’t protect it, and are now about to go into liquidation… The AST contract signed with the tenants is between them […]

Increased demand from renters mismatching a fall in supply

10th February 2022

Demand from tenants in the rental market continued to rise, according to a net balance of +64% of respondents, representing the strongest on record since 1999, whilst landlord instructions remained in decline according to -15%. Given this ongoing mismatch between tenant demand and property supply, a net balance of +59% respondents said they expect rents […]

Energy rebate/loan questions for student accommodation?

10th February 2022

OK so in October every house using electricity will get a £200 rebate (loan by stealth) then it has to be paid back over 5 years. The information says that if someone shares and moves to a new property they don’t take a share of the £200 loan, they take all of it. In a […]

Stamp duty trap transferring property back into sole name?

10th February 2022

Dear All, I am trying to re-mortgage a leasehold flat as my current deal has moved onto an SVR. The flat is jointly owned with my wife (as a Tenancy in Common with the intention of my share being 99% and my wife 1% – however, we never did create a Deed of Trust to that […]

HMO tenant vanished?

10th February 2022

I hope someone can help me after I issued a section 8 about 3 weeks ago. I have had no reply from the tenant, who is also 3 months in arrears with their rent. I visited the room in the HMO property today, but no one seems to have seen him in over a month. His […]

NRLA want councils to use all of the powers at their disposal

10th February 2022

New research published by the National Residential Landlords Association (NRLA) reveals that a majority of local authorities in England do not accurately record the number of private rented sector tenure complaints that they receive. These NRLA findings, based on Freedom of Information Act requests, indicate that, in all, 56% of councils do not accurately record […]

Belvoir CEO warns of continuing rental increases in 2022 and beyond

9th February 2022

Belvoir’s rental statistics reveal the highest rental increases since records began in 2008. Belvoir CEO Dorian Gonsalves warns of further challenges to come, as years of flawed government policies continue to impact the market, resulting in stock shortages and high tenant demand. “Taking into account that most of our offices are outside the London area, […]

89% of local authorities built zero council homes in 2021

9th February 2022

Using the most recently published data by the Department for Levelling Up, Housing and Communities, Admiral Home Insurance analysed which parts of England have seen the most and the fewest new homes being built. With a shortage of housing for many years in England, and unaffordability continuing to be a neglected issue, Admiral’s analysis reveals […]

EPC targets are a threat to the PRS

9th February 2022

Specialist Buy to Let and commercial bank Shawbrook has released a report concerned about the threat to the rental market posed by a future C rating EPC target. Click here The headlines of the report indicate that 23% of landlords surveyed say the EPC ratings of their properties are currently D or below and that […]

Shuffled in – Yet another new Housing Minister

9th February 2022

In a very minor Cabinet re-shuffle, Chris Pincher was replaced by Stuart Andrew MP for Pudsey as Minister of State (Minister for Housing) in the Department for Levelling Up, Housing and Communities. Stuart is what could be termed as an accidental landlord with a house in Leeds let for over £10,000 a year recorded in […]

Lendlord logo representing property finance and landlord tools.

Free Financial Management Software for Landlords from Lendlord

8th February 2022

Lendlord is an online platform that helps landlords (with and without letting agents) to optimise their property investments with the following features: Document Management Securely store all your property details and documents in the cloud, set up custom views, filter your portfolio by ownership type (company/private) and different owners and export the relevant data for […]

Meet Mark Smith (Barrister-At-Law) Landlord tax planning strategies – PIN Nottingham

8th February 2022

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers, will be presenting an overview of several landlords tax strategies at the pin Nottingham meeting Tuesday 15th February. The Nottingham pin Meeting is now returning to its physical venue De Vere Orchard Hotel, Beeston Lane, Nottingham, NG7 2RJ Hosted by Spike Reddington on […]

Pets most commonly concealed from landlords

8th February 2022

It is now the anniversary of the UK government New Model Tenancy Agreement  to give pet owners more freedom to rent, and Quintain Living has released a new study focusing on renting with pets in the UK. The study, based on 1,000 respondents who own pets, provides insights on the secret life of pet owners, […]

Electric Boiler tripping off RCD?

8th February 2022

Dear all, We have an electric boiler in a central London property. The boiler is over 4 years old and keeps tripping off the central heating circuit in the residual current device (RCD). The property has been without hot water and heating for the past week. Our usual heating engineer has run some checks but […]

Neighbour so difficult we now can’t Holiday let?

8th February 2022

We bought and renovated a little house many years ago that was on its knees. It is grade listed. Our plan was to eventually live in it but to have it as a holiday let for a number of years. We have had an issue with our neighbours for some time. They have bullied everyone […]

Pernickety tenant?

8th February 2022

A contract is due for renewal on 1st April. Owing to recent events, I reluctantly decided to raise the rent by £40 a month. I notified the tenant on 7th February. He has come back to me and said that if he stays he will pay the new rent from 7th April as that is […]

Are Gove’s ‘levelling up’ plans a step too far for landlords?

8th February 2022

Taxes. Regulations. Rental changes. Reforms. High standards. Section 21 being scrapped. Is this all too much for some landlords? The government’s dramatic Levelling Up White Paper feels like another knife in the back to the private rental sector. A national landlord register, crack-down on rogue landlords, the implementation of a national ‘decent homes standard’ and […]

House Price inflation slows in January

7th February 2022

The latest Halifax House Price reported growth slowing in January to 0.3%, the lowest inflation figure since June last year, but average prices still hit a new record high of £276,759. The annual rate of growth still remains high at 9.7% with transaction volumes returning towards pre-Covid levels. Russell Galley, Managing Director, Halifax, said: “House […]