Page 409 – Property118

Delivering 300,000 new homes every year is a monumental task

3rd August 2021

The government will not achieve its pledge of delivering 300,000 new homes a year until 2028 at the current rate of progress according to research by StripeHomes.  The UK’s housing crisis is long-lasting and well-reported, perpetuated mainly by a stark lack of housing supply. For decades, ruling government parties have outlined ambitious housing targets to […]

I make no apologies for doing well and have helped build many more homes

2nd August 2021

Shaz Nawaz, the Labour Party Councilor for Peterborough Park Ward, has come under attack from the Peterborough Tenants Union claiming they were ‘disappointed’ that under his profession as an accountant he was instructing clients how to maximise their profit from property investment. Mr Nawaz describes himself as: Entrepreneur, Accountant, Speaker, Author, Property Investor and City […]

£68.8bn of property value sold so far in 2021

2nd August 2021

Research from Keller Williams UK has indicated Brighton is the nation’s most valuable postcode so far in 2021 for property sold, outside London of course. Keller Williams UK analysed sold prices across the market in England and Wales since the start of the year and found that so far, a stamp duty holiday fuelled market […]

Summer National Virtual pin Meeting – Wednesday 4th August

2nd August 2021

After the success of the National Virtual pin Meeting last December, we are pleased to announce that property investors network are going to run a Summer National Meeting on Wednesday 4th August  6pm – 7pm for Networking and 7pm – 9pm for the main meeting. This will be a great opportunity to network with like-minded […]

Management Company – where are the leaseholders’ funds?

2nd August 2021

The block of apartments where I have a flat is managed by a ‘right to manage’ (RTM) company. This company retains a ‘management company’ (MC) whose function appears to be to manage the building/common areas/gardens etc. There are 200+ Apartments in the building, each paying £2,000 per year to the MC. The annual accounts for […]

One or two estate agents?

2nd August 2021

I am looking to sell my Buy to Let property when I have vacant possession shortly. I would very much appreciate a view on whether best to instruct one agent or whether instructing two would create better exposure and introduce a degree of competition between them? However, would this move make it look like I […]

Client Money Protection (Declined) as a letting agent – help?

2nd August 2021

Hi all, I recently started a letting agency. I registered my company in 2018, but didn’t really do anything until late 2019. I have only been doing let only for the time being until I branched out into management. My let only was slightly different as I only stopped after introducing the tenant and doing […]

Utilities Nightmare taking my time?

2nd August 2021

Does anyone have any words of wisdom on reducing the pain around dealing with utility companies? I have a small portfolio of HMOs, single lets and serviced accommodation held in a limited company. For the HMOs and serviced accommodation we pay the utilities, but many providers will not allow a domestic account to be registered […]

Camden slap first ASBO and exclusion zone on landlord

30th July 2021

Camden Council has become the first council to use an ASBO (Anti-Social Behaviour Order) against a 29-year-old landlord, Mohammed Ali Abbas Rasool, to prevent him from harassing and evicting tenants. The court order has also created an exclusion zone the landlord cannot enter until May 2022. A property company owned by Rasool was also fined […]

Figure plucked out of thin air?

30th July 2021

The dubious managing agents for the freeholder have issued a ‘Notice for Works.’ They are extensive, requiring scaffolding and remedial work to exterior brickwork etc. I have a month to comment on it. It is based on a survey they carried out after a flat in the building had water ingress after the recent downpour. […]

How To Buy Commercial Property Cheap

29th July 2021

So you want to do a commercial to residential conversion in London, but you’ve got limited funds in a high-value area. Can you do it or do you need to go up north to Hull? Stay tuned to find out and click the video below:

Rent shortfall – I am prepared to work with him in an amicable way?

29th July 2021

Hi, I have a tenant who for some months now has been underpaying the rent since he had a work accident and was therefore rendered unable to work and in receipt of universal credit/disability allowance. He’s renting a 3-bedroom house, however, housing benefit are currently only paying him a rent allowance equivalent to a single […]

Buying a house with an unapproved loft conversion?

29th July 2021

I have reached sale agreed for a semi-detached house and am in the mortgage application phase of the purchase. The house has a converted loft space for storage, with a fixed staircase leading up to the loft. The conversion does not have approval from the local authority. This was made clear to us before the […]

Left-field niche BTL criteria now available

29th July 2021

Some of the more left-field niche Buy to Let criteria has become available again to the property investor market and can open up options where none were recently available. These ‘niche’ criteria include the following: Day 1 Remortgage – No need to wait 6 months after purchase before you can move lender. Capital Raising – […]

Landlords reporting an increase in tenant demand in last 3 months

29th July 2021

Paragon Bank research has indicated that 39% of landlords have seen increased tenant demand over the past three months, with 18.2% saying it has grown ‘significantly’ and a further 20.3% reporting slight increases. The survey of over 750 landlords, carried out by BVA BDRC on behalf of Paragon Bank, also showed a dip of 2% […]

Month-on-month house prices fell back 0.5% in July

29th July 2021

The Nationwide House price index for July indicates some heat is being taken out of the housing market, but overall annual inflation is still high. Annual house price growth remained in double digits, but fell back to 10.5% with prices down 0.5% month-on-month. The average price for a house in June was £245,432, but for […]

Section 20 notice required even if we have the money?

29th July 2021

Hello, I help run a block of 18 flats, the Residents Association was set up when the flats were built and is run by a dedicated few owners. The residents were given the opportunity to purchase the freehold (which we did) after the freeholder went into administration. The Residents Association decided to up the service […]

Tenant declining access for surveyor until post eviction?

28th July 2021

My tenant has refused entry for the surveyor. I am looking to commence an eviction in November 2021 and now my tenant will not allow access for my lender’s surveyor as I am about to remortgage the property. Does anyone have a solution on how to deal with this behaviour? What are my rights as […]

Red F1 help button on Keyboard

Can anyone help with a licensing and planning issue in Greenwich?

28th July 2021

Put simply, one of our landlords has asked us to take on a 3-bedroom flat in the Royal London Borough of Greenwich. A call to the licensing team confirmed an Additional HMO licence would be required, but before it can be applied for, there has to be planning permission in place for the property to […]

Tenant’s improvements concerns?

27th July 2021

I have been letting residential properties for 14 years, but have encountered something for the first time. I have granted an AST to a single retired gentleman, and he has taken possession. He has always been an owner-occupier so he has been able to do as he likes in houses he has owned. He wants […]