Dear all, I am in the process of a lease extension for a flat we bought recently, our solicitor is happy for us to sign the new lease with a clause stating “In consideration of the Premium and the surrender unto the Landlord of the term of years created by the Previous Lease, the Landlord […]

My understanding is that the cost of the Licences that Councils are issuing, (HMO’s, Selective Licenses etc) are supposed to be based on the cost of operating them. I have not seen any Council offer any cost breakdowns. Does anyone know if they are required to do so? Are Councils also required to show who […]

You have an EICR done by a NAPIT registered professional – it raises a few C’3. The report actually states ‘ There are no items adversely affecting electrical safety, and the C’s listed are categorised and listed as ‘Improvement recommended’. What does this actually mean? Yes, I have legally ticked the box for the check […]

Hundreds of thousands of property landlords are paying too much tax and in this video, I am joined by Mark Alexander from Property 118 to tell you what you can do about it. Section 24 is a massive tax burden on Buy to Let landlords. There has been much talk on strategies Landlords can adopt […]

We invested in 2 units in a block of student accommodation being built 8 years ago, and the investment has been fraught with problems. We owe some ground rent to the freeholder, as for the first time without warning they are demanding the ground rent in advance for this year. They have ‘passed’ the debt […]

Moneyfacts.co.uk has analysed the average rates offered across savings and mortgages and considers what this decision may mean for consumers moving forward. Rachel Springall, Finance Expert said: “Mortgage rates are on the rise, and this base rate rise may come as disappointing news to borrowers who are not locked into a competitive rate. Lenders are […]

“Since the end of lockdown, we’ve seen an increasing population of landlords who do not wish to leverage their properties as much as they may have done previously. As a responsible lender, we have launched some 50% and 60% LTV products to cater for this market and reward this prudent approach. “In addition, we made […]

The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 5-4 to increase Bank Base Rate by 0.25 percentage points, to 0.5%. The members of the committee that voted against actually wanted to increase the rate by 0.5 to 0.75%, so the Doves actually prevailed despite the increase. The MPC also […]

Hello all, To explain my situation, I am a UK citizen, but currently living in Hong Kong. I already have a number of properties in my own name (bought before I left the UK) and am now looking to establish a company with my cousin, who is based in the UK. I have the money […]

The choice of buy-to-let deals available to first-time landlords (FTL) has grown at a time when demand is rife for rental properties, according to the most recent research by Moneyfacts.co.uk. As product availability has recovered in the wider buy-to-let (BTL) sector following the impact of the pandemic, so too has the number of products on […]

Responding to proposals in the Government’s ‘Levelling Up’ White Paper that private rented homes will be required to meet the Decent Homes Standard, Ben Beadle, Chief Executive of the National Residential Landlords Association said: “Every tenant should have the right to expect properties to be safe and secure. The existing Decent Homes Standard however is […]

Section 21 ‘no fault’ evictions will further be abolished, ending the unfair situation where renters can be kicked out of their homes for no reason. We will consult on introducing a landlords register, and will set out plans for a crackdown on rogue landlords – making sure fines and bans stop repeat offenders leaving renters […]

For those of you that manage your own properties (without using an agency etc), what is your sequence of events when you have a person(s) interested in taking a room or a property? I ask this because I am having an abnormal amount of people saying that want to take a property and asking for […]

I’d welcome readers’ thoughts on an issue I have discovered with S24 that was not immediately apparent (to me at least) and I am wondering if I (and my accountant) have right or wrong. In summary: I thought S24 meant I would benefit from a 20% deduction for loan interest. However, this appears not to […]

Today, eviction and housing law specialist, Landlord Action, launches a new visual identity to celebrate the transformation of the business over the years and to support its expansion as it moves to offer a wider range of legal services and expertise to the property sector. The launch includes a brand-new website, which is now live, […]

The latest January Nationwide House price index is reporting the strongest start to a year since 2005 with inflation running at 11.2% up from 10.4% in December with January prices up 0.8% month-on-month. The average price of a home in the Uk now stands at £255,556 Robert Gardner, Nationwide’s Chief Economist, said: “Housing demand has remained […]

There’s a buzz in the air, and it’s for good reason. This week LandlordZONE reported that: “in the wave of podcasts that have come out recently, none have made quite an entrance like the newest outfit on the block, Landlord Sales Agency – The Podcast. If podcasts were a garage of minis, enter the Ferrari.” […]

Hi All, As a Landlord, I have been using Rent Central software for my accounts up until now. However, it has now ceased operating and I need to find an alternative I would like to ask what everyone else is using please and if they find it easy to get on with. If anyone has […]

The start of 2022 has seen some of the top rate deals vanish from the saving market, according to the latest analysis by Moneyfacts.co.uk. Indeed, since the start of January, both market-leading deals and several deals that placed in the top 10 have been withdrawn. Since the start of 2022, several easy access accounts, notice […]

Hi everyone, I own a property in a Victorian building with four other owners. We had a fire risk assessment carried out in 2013, and I am wondering if there is a legal requirement to have this upgraded or reassessed, assuming the original recommendations were implemented at the time? Many thanks Lusso Editor’s Note: From […]

Hi, I realise I need professional assistance for this, which I plan to do in the following weeks, but I am wondering if anyone has any advice. – I bought a property with a short lease of 26 years remaining. The property was approx £100,000 with an estimated cost of £70-80,000 to purchase the freehold. […]