Page 391 – Property118

Council forgoes civil financial penalty in pursuit of Banning Order

6th June 2022

Despite announcing in 2018 that they were now pursuing landlords for failure to licence HMOs and breaches of HMO Management Regulations under the civil penalty regime, (see £16,000 fine given for non-licence HMO”) the local authority has instead taken this “Rogue” landlord to court where there was only a small £4,808 fine. What we are […]

Can tenant claim disrepair when they have got kitchen in this state?

6th June 2022

An elderly (aged 80), long standing tenant told me on Thursday that she needs work done in her kitchen and I said I would get my builder to see what could be done. Then I looked in the kitchen – there were dirty dishes stacked around and in the sink. The drawers are totally smashed. […]

Million Pound extension – Lender requiring a structural warranty?

6th June 2022

Two years ago I purchased a 4 Bed house for over £450k via a mortgage with Natwest. The house had a large footprint and my plan was the do an extension of the house. The extension resulted in a new frontage of the house, new outer skin brickwork, reconfiguration of layout, new truss roof..etc. total […]

Can Council Tax be clawed back from past tenants for banding error?

6th June 2022

Some of my tenants have just moved and have forwarded across the Council Tax bill to confirm payments up to the end of the tenancy. However, on the paperwork, I have noticed that the Council Tax bill has been wrongly billed to band A and not band C as it should be for this property. […]

Renting or buying main residence while on second build?

6th June 2022

Hi all and thanks for having me on the forum. I am a first-tie developer having sold my London property and with £450k in the bank, I bought some land in Kent and obtained FPP. I have just finished building the house which has been valued at around £1-1.2 M. I did need to borrow […]

Washing machine in small studio?

6th June 2022

Hi all, My studio flat has been rented out since the late 80s. However, it is empty now due to Covid19 but in excellent condition after a recent refurbishment has been carried out. I am looking for a professional tenant to rent the property to, but I am worried the lack of a washing machine […]

Propertymark report recent collapse in rental supply

6th June 2022

Propertymark’s regular survey of its 443 member agencies found the supply of properties to rent had collapsed by almost half from 30.4 in 2019 to 15.6 available per branch in 2022. Propertymark also found that 94% of rental properties removed during this period did not come back onto the market and were likely sold. In […]

Woeful government new build efforts – 120,000 short of target

6th June 2022

The latest new-build sector insight by Unlatch revealed the Government has continued with its woeful efforts where new-build delivery is concerned, missing its latest target in 2021 by almost 120,000 homes. The data was analysed on the number of new home completions seen across the UK each year and how they stack up when compared to […]

How To Use Permitted Development Rights Inline With Local Councils

3rd June 2022

Permitted Development rights (PDR) that were first introduced in 2021 have made it very easy to convert commercial buildings to residential use but how easy is it in practice to get permitted development applications through local cancels? Today, I’m joined by David Kemp from DRK Planning, a specialist in this subject, so stay tuned for […]

Back To Office Backlash

2nd June 2022

Interesting data shows that workers want to work from home, and the BBC Staff demand it, but productivity is slowing down! Is anyone doing any work anymore? In this video, Andrew Roberts and I break down what opportunity this raises for property investors in the office sector. Click on the video below:

Should I do the right thing?

1st June 2022

I have a long term tenant who’s been renting from me for donkey’s years. Rent paid on time without fail. He pays weekly as suits him best. He lives alone, and keeps himself to himself. Mid 50’s. He stopped paying in April. Very strange. I call him, then email no response. I eventually get him […]

Is now a good time to refinance and fix?

1st June 2022

My brother and I own 26 rental properties, all very standard houses and flats kept in good condition and let to working people. They are all what I would call “vanilla” buy to lets. Rents and values have increased significantly since we purchased them, so currently we are sitting at just under 50% LTV and […]

House price growth cooling for the second consecutive month

1st June 2022

The latest Nationwide House Price index statistics for May showed annual growth cooling slightly for the second consecutive month, but still in double figures at 11.2% from 12.1% in April. However, prices were still up 0.9% month-on-month for May with the average now standing at £269,914. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, […]

How many BTL properties is enough?

31st May 2022

Why is it that so many landlords judge themselves and their peers by how many Buy-To-Let properties they own? Given a choice between owning 1,000 flats in Northern England or Scotland, which are let to benefits tenants, or the alternative of owning the Burj Khalifa in Dubai, guess which I would choose? It may come […]

Elizabeth line rental yields

31st May 2022

New research by Revolution Brokers has revealed which Crossrail stations currently make the best investment for buy-to-let landlords based on the average rental yield available in each station postcode. This analysed current rental and housing market data to find the average rental yield in each Crossrail station postcode, as well as looking at how this […]

TONIGHT: How to buy in a Booming Market

31st May 2022

This is just a quick reminder about the live training tonight at 8pm, all about how you can compete in today’s booming market and still purchase using very little of your own money. Generally, sellers expect to get paid top price for their property and are often getting it. Many investors are getting outbid by […]

Renting Homes Wales Act delayed until 1st December 2022

31st May 2022

Julie James MS, Minister for Climate Change, has announced that the Welsh Government is to delay the implementation of the Renting Homes (Wales) Act 2016 from July 15th to the 1st of December 2022. Julie James’s statement said: “I have over recent months received representations from landlords, and particularly social landlords, who have requested that […]