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Moving into a former home and PRR?

15th November 2021

Hi, this question mainly relates to Capital Gains Tax (CGT) and Principal Private Residence Relief (PRR). I know you are going to tell me to speak to my advisers, but they are simply not property experts and just don’t know. In the not too distant future, I am thinking of moving back to a property […]

EICR Inspection carried out by unregistered electrical contractor?

15th November 2021

I have recently applied for selective licensing as required by the council. After submitting relevant documents, the council have rejected the EICR as the contractor is not registered to carry out inspections, only domestic installation. I have subsequently managed to verify this too with NICEIC who have asked me to supply them with a copy […]

Research lays bare failure to tackle criminal landlords

12th November 2021

Two thirds of English councils have prosecuted no landlords for offences related to standards in or the management of private rented housing over the last three years.  The National Residential Landlords Association is warning that this failure to take action against the criminal minority brings the sector into disrepute and risks undermining further reform of […]

When is a new Council Tax banding charge applicable?

11th November 2021

I am currently renovating a large 3-story flat into three totally separate self-contained flats – one on each floor. Clearly, they will need to be separately CT banded – how, and when is this done? Am currently paying the CT on the whole flat as it is currently banded, but a bit of research states […]

Confessions of a Council HMO Enforcement Officer

11th November 2021

Today we had an unusual communication: This morning was one of those mornings where you receive a message and punch your fist in the air with delight – discovering that there are still some good, discipline-fashioned Enforcement Officers standing up and enforcing in the right way. This sort of good news that never makes the […]

Removing tenant from rental agreement?

11th November 2021

I am sure lots of you have dealt with this situation before and know the best way to handle it, but it’s a first for me, and I am after a little advice. I have a couple who have been renting off me for the last 6 years, always paid on time and have never […]

Ministry of Housing, Communities & Local Government

The Commercial Rent (Coronavirus) Bill and new code of practice

10th November 2021

The Department for Business, Energy, and Industrial Strategy, and the Department for Levelling up, Housing and Communities has announced the introduction of the Commercial Rent (Coronavirus) Bill into Parliament alongside a new code of practice. The Bill will introduce a ringfence for rent debts built up as a result of mandated business closures during the […]

Here today, gone tomorrow (with my data)?

10th November 2021

It’s been a while since I gave anyone access to my computer, but the time has come when I need help with storage, speed and backups. Who do I trust to do this? Firstly, is the person techy enough to know what they’re doing, and secondly, will they secretly install spyware or run off with […]

Close-up detail of engraved eye from British currency representing financial focus and interest rate changes

UK Central Bank Digital Currency

10th November 2021

HM Treasury (HMT) and the Bank of England (the Bank) have announced the next steps on the exploration of a UK Central Bank Digital Currency (CBDC). CBDC would be a new form of digital money issued by the Bank of England and for use by households and businesses for their everyday payments needs. It would […]

TV programme set to expose concerning anti-social behaviour issue

10th November 2021

Nightmare Tenants Slum Landlords is back on our screens tonight Wednesday 10th at 10pm on Channel 5 (there is always catch up), this time exposing the very real issue of landlords dealing with anti-social tenants. Anti-social behaviour comes in many different forms of unfavourable activity, including drug abuse and prostitution, harassing neighbours or other tenants, […]

elegraph logo used in rebuttal to article on landlord tax structures

What do changing EPC and heat pump requirements mean for the PRS?

9th November 2021

Hi, my name’s Melissa Lawford, I’m the property correspondent at The Telegraph. I’m writing an article about what changing EPC and heat pump requirements mean for the buy-to-let sector. I want to hear landlords’ thoughts on what the extra costs of upgrades will mean for them. Are you concerned about how expensive these works could be […]

My questions is why do leaseholders have to pay at all?

9th November 2021

Michael Gove, Secretary of State for Housing, Communities and Local Government, has questioned why leaseholders have to pay anything towards replacing unsafe cladding on their buildings. Gove said that despite the £5bn government scheme he was: “still unhappy with the principle of leaseholders having to pay at all, no matter how effective a scheme might […]

Half price loan exit fees for new builds with EPC rating A

9th November 2021

Paragon Development Finance has launched a Green Homes initiative to support SME housebuilders developing new domestic properties with an Energy Performance Certificate rating of A who will receive a 50% reduction on loan exit fees. To qualify, at least five private units must be built within the development and 80% or more of these must […]

Filling out Form N5B Accelerated Possession Order for evicting tenant?

9th November 2021

Hi, I have a question about filling out form N5B specifically on Question 6 and 7: 6. On what date was the property let to the Defendant by way of a written tenancy agreement? The written tenancy agreement I have with my tenants is an AST which commenced on 10 November 2020. So I will […]

Wow! They must have been bad?

9th November 2021

Finally, an industry body actually doing its job. Richard Davidoff’s ABC Estates booted out. “Residential management firm ABC Block Management has been expelled from industry body the Association of Residential Managing Agents (ARMA) after a formal complaint by leaseholders and a property tribunal ruling.” https://www.propertyweek.com/news-analysis/abc-estates-expelled-from-industry-body/5117287.article

UK Property Market and Auction Review

8th November 2021

Using Property Auction data Jay Howard, Rod Turner, Piotr Rusinek and I predict the UK Property Market as well as analyse 2 property investment deals coming up at auction. Please click on the video below:

Cost of incorporating our BTL portfolio

5th November 2021

Dear Property118 My wife and I are in early discussions with our Accountant about incorporating our BTL portfolio. We mentioned this to two of our friends who have utilised your services to incorporate and were very impressed, so naturally the point of cost came up. At this juncture I should mention that my wife and […]

Landlords are absorbing losses from their savings

5th November 2021

The majority of private landlords helping tenants out during the pandemic by cutting their rent absorbed the losses from their savings according to new research. The research conducted by BVA/BDRC for the National Residential Landlords Association shows that sixty-one per cent of those landlords who, in the second quarter of the year, had offered at […]

The cost of Bonfire Night mishaps

4th November 2021

Bonfire Night, with its accompanying fireworks display, continues to be one of the most widely-celebrated events in the calendar. Towns and cities, small and large, will be hosting public displays throughout the country, but with COVID-19 still a concern for some, more people than ever are expected to host their own celebrations at home. However, […]