Page 392 – Property118

Letting agent fees query – 6 months management charge?

29th December 2021

Hello everyone, My question is If you pay/select full management for a letting agency for a year’s tenancy, but subsequently the tenant wants to stay on for a FURTHER year and do a new tenancy/renewal with the landlord rather than agency managing has anyone heard of the agency is it common practice/allowed to then charge […]

Can you remember why you first got into property?

24th December 2021

I suspect the reasons you first got into property investment were the same reasons as mine. One of the first property goals I set for myself back in 1989 was to borrow £1,000,000 to buy rental properties. When I achieved that I went on to repeat the process over and over and over. There were […]

Nightmare tenants – Aren’t they always?

23rd December 2021

Hi everyone, I’m new to the forum. I renovated my daughter’s house (Scotland ) which was uninhabited for some time and in poor repair. I footed the bill myself as she was unable to, and I didn’t want her mortgage free asset to deteriorate further. The cost was approx 20k. She consented to let the […]

EPC rating low but sticking to Planning Requirements?

23rd December 2021

I have just had an EPC done which refers to the single glazing as ‘very poor’ leading to a D rating overall despite the rest of the report showing Good or Very good in all the other areas. Planning requirements state I cannot change the windows, so what more can I do? I am keen […]

Form 17 vs Actual Equity Transfer?

23rd December 2021

Hello, My wife and I hold a rental property with 50:50 share, due to changes in our employment situation I want to transfer 90% of the income from the property to my wife. I understand I could achieve this by submitting a Form 17 and deed – which might cost me £200, worth of fees. […]

£4,000 Legal Claim for Damages – Advice Please

23rd December 2021

I have received a Solicitor’s Letter (No Claim No Fee Solicitors) sent on behalf of my ex-tenants claiming £4,000 in compensation, although the letter doesn’t say what the compensation is for. Although over the last year of the tenancy they were continually complaining that the property was in a state of disrepair. The letter states […]

Ministry of Housing, Communities & Local Government

£316 million for Homelessness Prevention Grant

22nd December 2021

Tens of thousands of people will be protected from homelessness as a result of a £316 million funding boost, announced by the Department for Levelling Up, Housing and Communities. The government’s Homelessness Prevention Grant will support households in England who are homeless or at risk of losing their home. Councils will use the funding to […]

What Next For The Property Market in 2022

22nd December 2021

2022 is just around the corner, and here’s what’s next for the UK property market. In this video, I deep dive into what will happen to the Property Market with plenty of examples and supporting evidence as well as what you can do as a savvy property entrepreneur to ensure you have a prosperous year […]

A national system of rent controls is a key aim of consultation

21st December 2021

The Scottish Government is consulting on the draft ‘A New Deal for Tenants’  to propose a rented sector strategy looking to improve accessibility, affordability choices and standards across the whole rented sector in Scotland. Click here It is looking at a phased implementation over the next five years. Patrick Harvie MSP Minister for Zero Carbon […]

Management Agent Overcharging from 2019?

21st December 2021

Dear All, I own a flat in a block of 6 flats and have been up-to-date with my service charge. Every so often, I get an extra fee called “balancing service charge” after which I had made payment for the annual service charge, normally about £180 extra each year. This year I have been sent […]

Risks of Inflationary Interest rate rises

21st December 2021

As I am sure you are aware, it was announced on Wednesday that the consumer price index was 5.1% for the year to November, a level that the Bank of England predicted the economy would not reach until April next year. The prices of fuel, clothing and footwear rose the fastest. Reduced supplies were one […]

NRLA commission London School of Economics survey on Landlord tax

20th December 2021

Unsurprisingly, over half of private landlords responding to a new survey say recent tax changes in the rental market have had a negative impact on their investment plans. That’s the finding from a new study by the London School of Economics (LSE) for the National Residential Landlords Association (NRLA). Based on responses from over 1,400 […]

Home Office Right to Rent update

20th December 2021

The way in which Biometric Residence Card (BRC), Biometric Residence Permit (BRP) and Frontier Worker Permit (FWP) holders evidence their right to rent is changing. From 6 April 2022, BRC, BRP and FWP holders will evidence their right to rent using the Home Office online service only, presentation of a physical document will no longer […]

Don’t spoil Christmas with a Boundary Dispute

20th December 2021

For most Christmas is about spending time with friends and family, but for nearly 2000[1]  in England and Wales who are involved in boundary disputes each year, the ongoing questions over poorly maintained fences or who owns what land might well spoil the festive mood altogether. To help more neighbours break out the mince pies […]

Can I charge a Management Fee for my essential services as a Freeholder?

20th December 2021

I own the Freehold of a block of three tenanted flats. I own two of the flats. I have been performing my Freeholder ‘duties’ – arranging for a new roof, communal hallway decorations, front garden maintenance etc for the last 6 years. However, this is becoming onerous, especially as there is impending licensing for communal […]

New build standards will require a 30% reduction in CO2 emissions

17th December 2021

New homes and buildings in England will have to produce significantly less CO2 under new rules announced by the government to help the country move towards net-zero. Under the new regulations, CO2 emissions from new build homes must be around 30% lower than current standards and emissions from other new buildings, including offices and shops, […]

DPS Statutory Declaration to rub salt into the wound?

17th December 2021

Hi guys. I’ve been a landlord for around 15 years, managing my own small portfolio, for the first time I’ve had to go back to DPS to claim a deposit in full (£650). The tenant who left around 4 weeks ago, an old lady who doesn’t like tech, been with me for over 12 years, […]

Do you think the reality is dawning at last?

17th December 2021

Hallelujah! At last, the Council (or in this case Council’s) are realising that the risk is way too high for a private LL to ‘give’ their property to the Council for a fixed period if all they are going to do is put in a benefits tenant, pay the base rate LHA and then walk […]

Small strip of land causing massive leasehold issue?

17th December 2021

I am looking for advice/support please for a colleague whose property sale is being compromised by a leasehold issue. Can anyone suggest a way forward or recommend a legal specialist who may be able to assist, please? The circumstances relate to a small strip of land at the side of the house. When my colleague […]