Page 395 – Property118

Annual house price growth back into double digits but outlook still uncertain

1st December 2021

The Nationwide House Price Index for November is indicating that annual growth has recovered back to 10.0% and up 0.9% month-on-month with the average house price now standing at £252,687. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “Annual house price growth remained strong in November at 10.0%, marginally higher than the 9.9% […]

Time to cut and run?

1st December 2021

Like many we were attracted to the idea of property ownership, ‘another way of hedging’ was our MO, we could keep the property for 10 years and then sell make a few bob, pay some tax and all’s well that ends well. Unfortunately, we made several beginners errors, although our biggest mistake was simply the […]

NRLA welcome Welsh government plan to end homelessness

1st December 2021

The NRLA has welcomed the Welsh Government’s announcement of a new £30 million funding pot as part of a plan to end homelessness. Local authorities are expected to be able to use this funding to support a nationwide private rented sector leasing scheme. The scheme will allow local authorities to lease properties from private landlords […]

PRS pandemic impact report

30th November 2021

As 2021 draws to a close, Belvoir’s pandemic report reveals the impact of the Coronavirus pandemic on the UK rental market. “Earlier this year Belvoir commissioned property expert Kate Faulkner to review data from the Belvoir rental index as well as quarterly surveys of offices during the pandemic and beyond. This information has been used […]

Welsh government to encourage PRS to lease to local authorities to prevent homelessness

30th November 2021

The Welsh Government will announce a new £30million funding pot over five years for local authorities. Under the Private Rented Sector Leasing Scheme, private property owners will be encouraged to lease their properties to local authorities in return for a rent guarantee and additional funding to improve the condition of their property. Local authorities can then […]

Lisa Nandy reshuffled as replacement Shadow Housing Secretary

30th November 2021

Lisa Nandy MP for Wigan has replaced Lucy Powell on Labours front bench after only being in the role since May as the new Shadow Secretary of State for the Department for Levelling Up, Housing and Communities. Lisa has had a tilt at the Labour leadership position and was previously the shadow foreign secretary. This […]

Short-term lets licensing scheme across Scotland to start 1st Oct 2022

29th November 2021

Foreword below by Shona Robison MSP, Cabinet Secretary for Social Justice, Housing and Local Government. Click here to see full details of the consultation We are legislating to establish a short-term lets licensing scheme across Scotland. The purpose of the licensing scheme is: to ensure short-term lets are safe and address issues faced by neighbours; […]

Is it worth it after CGT?

29th November 2021

It would seem many landlords are selling up, ‘but’ is this where capital gains tax comes in? As an example:- I have read if a property rises in value to leave £300,000 after taking away purchase price exp’s etc. After the measly £13000, allowance taking into account the capital gains tax thresholds with rates of […]

Double Your Money With Property Investment – Property Elevator #6

26th November 2021

Yogesh Patel returns for £400,000 to be invested into his Property Investment Deal, claiming it will double your money in returns. Will one of the 5 Property Angels invest, or has Yogesh broken too many hearts after his visit last season? Stay tuned for our most shocking episode yet of Sky TV’s Property Elevator. Property […]

Rent increase hostage to windows?

26th November 2021

Hi, My tenants have not had a rent increase for the last 3 years and I need to do this now. Unfortunately, they are refusing the rent increase and tenancy renewal unless I fix the windows. The windows have some mist collecting between the two panes of double glazing. The windows are fine otherwise. I […]

Mismatch between supply and demand

26th November 2021

Demand for private rental housing is at an all-time high, according to new research being published 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 57% confirmed that demand for homes to rent had increased in the third quarter […]

Specific HMRC form for – Rent a room Method B?

25th November 2021

My daughter bought a house which she shares with two friends as her tenants. They pay below market value rents for the area, but this year the rental income will be above the £7,500 annual rent a room allowance. She wants to opt for “Method B” (pay tax on gross rents to extent this exceeds […]

I maintain it’s not an HMO?

25th November 2021

All the other joint tenants in my property have given notice to leave, thus that means the same for all. However, one occupant won’t tell me what she intends to do and won’t speak to anyone and is so far keeping her room totally. She is paying her portion of the rent. I maintain it’s […]

New Homes Ombudsman scheme to be run by TDS

25th November 2021

The Dispute Service (TDS) has been chosen by the Department for Levelling Up, Housing and Communities to run the New Homes Ombudsman scheme, which will provide dispute resolution, and determine complaints by buyers of new build homes against developers. Once the arrangements for the ombudsman scheme have been made, developers will be required to become […]

The Property Investors Awards team are delighted to announce the winners for 2021

25th November 2021

With celebrations usually consisting of an illustrious evening of fine dining and entertainment to announce the winners, this year announcements were made virtually. It has never been more important to ensure we continue to celebrate the very best in the property investment sector. On Wednesday 24th November, thirteen deserving winners were announced across a range […]

Bank of England to stop giving hints

24th November 2021

The Governor of the Bank of England confirmed to the select committee that he was not a fan of the bank’s previous forward guidance policy, instigated by Mark Carney. Forward guidance (hints given externally) of the Bank of England’s economic views led to widespread press anticipation of an interest rate rise at the last MPC […]

Finally parity for Social housing and PRS fire and carbon monoxide safety

24th November 2021

It’s been an incredible double standard to date, but finally, people living in social housing will be safer in their homes under new rules that will mean smoke alarms must be fitted in all rented accommodation, Housing Minister Eddie Hughes MP announced yesterday. The announcement will also affect Private Landlords and mean housing providers are […]

Tenant refusing to leave and give electrician access?

22nd November 2021

A difficult family is refusing to leave after a S21 and issued court proceedings and waiting for their response to see if they file a defence. I need the EICR certificate, and they won’t let the electrician upgrade the rewire as this is inconvenience for them. They don’t reply to my emails and when I […]