Page 397 – Property118

Down valuation pandemic

26th April 2022

Research by HBB Solutions, has estimated that almost half of pandemic property purchases across the UK may have been subject to a down valuation, meaning just shy of 867,000 sales would have hit a snag during their surveys. Down valuations occur when a surveyor acting on behalf of a mortgage lender considers a property to […]

Would you like 10 top property experts come to see you on Friday?

26th April 2022

Just in case you missed it! 10 of the top UK property educators and commentators are coming to your place on Friday, to share with you what is happening in the UK market right now, and how to make the most of the current property market. Normally, to see this many experts in one place […]

New Specialist Buy-to-Let Lender

26th April 2022

A New Specialist Lender has entered the BTL mortgage market called Quantum Mortgages. With so many of the current lenders declining mortgage applications for properties that don’t fit their tick-box approach, it is refreshing to be working with human underwriters that take a commercial view rather than a “computer says no” approach. Here are a […]

Former HMO tenant has lied to environmental health?

26th April 2022

I’ve had a letter from the council advising “Environmental Health has received information from a former tenant that the property was let to him and 5 other tenants since 2018.” This is not true, I only ever had a maximum of 4 tenants, but how can I prove this or what will the council ask […]

ONS data for cost of living crisis – 34% of renters reporting rent increases

25th April 2022

The Office for National Statistics has released its latest report using data from the Opinions and Lifestyle Survey analysing how different demographics have been affected by an increase in their cost of living from November 2021 to March 2022: Click here The results show housing costs have also been a growing contributor with 34% of […]

Land Registry holding up loan?

25th April 2022

I purchased a property six months ago and have a subsequent new loan agreed in principle. However, I am still waiting for the Land Registry to complete the registration of the title and until the process is completed, the lender is apparently unable to place their charge on my property. My broker has tried to […]

Ministry of Housing, Communities & Local Government

Ban on charging ground rent on new leases from 30th June

22nd April 2022

The government is to stop future leasehold homeowners from facing annual ground rent costs. Sometimes worth hundreds of pounds a year, these charges provide no clear service in return and can be set to escalate regularly, with a significant financial burden for leaseholders. From 30 June 2022, anyone in England and Wales buying a home […]

West of England Landlord Expo Tuesday 17th May 2022

22nd April 2022

Key members of the Property118 and Cotswold Barristers team are hoping to meet several of our regular readers and tax planning Clients at the West of England Landlord Expo on Tuesday 17th May 2022 as well as an anticipated 500+ other attendees. During the event, Mark Smith, Head of Chambers at Cotswold Barristers will be […]

Rent arrears – Benefit Nightmare?

21st April 2022

I have a tenant who was unable to work due to health reasons. His partner left him a couple of years ago and subsequently, I’ve gone out of my way to try to find ways for him to stay in the flat because of his health. We mutually agreed that this wasn’t viable anymore and […]

A familiar story I believe?

21st April 2022

I have issued a S21 to a tenant. I need to sell the house (they have never been a great tenant!). The council and Shelter have apparently advised the tenant to stay put – a familiar story I believe? The tenant says the council has said some social housing is being built and she will […]

Mark Alexander advertising a Virtual Property Exhibition

Join Mark Alexander at the pin Virtual Property Exhibition on Friday 29thApril

21st April 2022

We are delighted to invite you to join us live on Friday 29thApril for a Virtual Property Exhibition, featuring 10 property industry experts, for a full day of online training to update you on the current property market and opportunities. This exhibition is being run by property investors network (pin) and will include various property […]

Do PD changes overrule a local development plan?

21st April 2022

Jimbo is a property investor and asked Great Property Meet a very good planning question. He did some investigating on the local planning website and found there was a constraint on his shop describing it as a district and local centre. After some further digging on the planning portal a few years ago he came […]

UK’s Number 1 Property Networking Event Returns – Baker Street Property Meet Is Back

21st April 2022

Join the UK’s Number 1 Networking Event in Central London, on 27th April at 6pm. Book Your Tickets For This Months Baker Street Event Here: https://www.bakerstreetpropertymeet.com/ The Baker Street Property Meet is the ideal place to get your burning property questions answered. Whether you are a curious newbie or seasoned professional, the Baker Street Property […]

BBC – Is the private rented sector under attack? Help us defend it

21st April 2022

The BBC has asked propertymark to collate data for them so the BBC can use the survey to “draw the country’s attention to the issue of landlords deciding to sell or jump to short term lets.” The BBC say they want new incentives to bring in new landlords to the PRS whilst keeping the old […]

Ministry of Housing, Communities & Local Government

Homes for Ukraine scheme guidance update 20.04.2022

21st April 2022

Please click here to download the full government guidance and FAQs. What sort of room/accommodation is required? The most important thing is that you’re able to provide at least 6 months of stable accommodation. This can be anything from an empty room to an unoccupied home, as long as it’s safe, heated and free from […]

Short term tenancy until property sold?

21st April 2022

I currently have a property that I’m looking to sell to raise funds for another business venture. However, I have an existing tenant who I’m looking to relocate into the property on a short-term basis until the property is sold. I’m therefore reluctant to commit to a standard 6 month AST agreement in case the […]

WFH and HS2 increase rental inflation outside London

20th April 2022

The cost of renting a home in London is now on average four times more expensive than some parts of northern England, new research shows. Renters now face having to fork up to £1,757 per month on average to secure the keys for a pad in Greater London. However, in the North East average rents […]

Heading towards a significant era of change

20th April 2022

The Property Ombudsman (TPO) scheme, which offers an independent and impartial dispute resolution service to consumers who have been unable to resolve their disputes with a registered property business, has appointed a new Deputy Ombudsman, Lesley Horton, who will work alongside Property Ombudsman, Rebecca Marsh. Lesley joins TPO as a skilled compliance and regulatory specialist, […]

Proportion of landlords reporting increasing tenant demand reaches high of 62%

20th April 2022

Research undertaken on behalf of Paragon Bank has revealed that the strong tenant demand seen during last year has continued into 2022 after growing to the highest level recorded since 2011, when research agency BVA BDRC started tracking the metric. Figures for the first quarter of the year suggest that numbers of people seeking privately […]