Page 410 – Property118

Small Shop – simple contract?

27th July 2021

I am drawing up a contract for a tenant who wants to rent a tiny shop. One door and one single space equating to an RV rentable value of £1,650. An initial 6-month contract rolling (like an AST) thereafter. Tenant and LL to give a months notice if required. Electricity by meter to be billed […]

MPs calling for relief package to help tenants with post-pandemic rent arrears

27th July 2021

The number of tenants in arrears has tripled over the last year, leaving MPs and National Residential Landlords Association (NRLA) once again calling for a grant or loan system for renters in England, so they can get on top of “a tsunami of debt”.  Many renters are already struggling to pay off arrears they have […]

Nottingham inspecting on average 3 houses per year per member of staff

26th July 2021

Nottingham Selective Licensing has inspected 600 houses in 3 years with 76 staff. One man in an MOT station could have inspected 6240 cars in that time. Nottingham Selective Licensing has just published its mid-scheme review. They’re inspecting on average 3 houses per year per member of staff. Most businesses would go bust at that […]

Tenant, Neighbour, Agents and the fence?

26th July 2021

Hello, My property is with a letting agency. The neighbour complained the fence was not in good repair post winds, my responsibility and my boundary. I appointed a professional to put up feathered fencing. The neighbour complained to the professional that he didn’t know the fence was going up, and he wanted the nice side […]

Common repairs in Scotland?

26th July 2021

I have an HMO property in a block of flats in Scotland. The block is owned by 6 owners. The owners do not co-operate or share the costs for common repairs. Does anyone have any experience of paying for common repairs in Scotland when the other owners do not want to pay? Many thanks Rajesh […]

Ranjan Bhattacharya (Succeed In Property) live Thursday 29th July

Meet Ranjan Bhattacharya (Succeed In Property) live Thursday 29th July

26th July 2021

Ranjan Bhattacharya will be live on Thursday 29th July presenting Why Commercial Property is the Biggest Opportunity this Decade for Property Investors. This Virtual Property Exhibition features 9 industry experts, who normally speak at large exhibitions and will be sharing with you the very latest on what’s happening in the market to give you a […]

Ceiling Heating?

26th July 2021

Hi all, has anyone heard of ceiling heating in a ground floor flat? This heating is in all 12 flats on 3 floors, the builder Seddons has provided plenty of drying areas outside (washing lines) my electrician hasn’t heard of it and speaking to the tenants they don’t use it. They use blower heating, which […]

300% Council tax premium on empty property?

26th July 2021

In February my daughter (first-time buyer on lowish income) bought an empty terraced house to live in. She could see that the house had been empty for a while but nobody warned her about empty property council tax premiums. The local council (Leicester City) now says that she is liable for council tax at 300% […]

Landlords need more help to reach EPC rating C by 2025

26th July 2021

Only 5% of private rented households have received government help to fund energy efficiency measures, despite having the greatest need. Although more of those classed as fuel poor live in the sector, private rented households received only half of the help given to those in the social sector. According to the English Housing Survey, a […]

Is Deal Sourcing and Packaging Myth or Reality?

23rd July 2021

How to Profit From Sourcing & Packaging Property Deals? Is the idea of Deal Sourcing a myth or reality? Enjoy this deep dive into the subject and click on the video below. Also you can register For this Saturday’s Commercial Property 90 Minute Webinar at 9am: https://www.succeedinproperty.com/free-training

Guidance for landlords and tenants – updated 20/7/21

23rd July 2021

The latest government guidance below to include step 4 of the Lockdown Roadmap applies to England only, Click here.  Some of the measures referred to also apply in Wales. See guidance for Wales, Scotland and Northern Ireland. Rent, mortgage payments and possession proceedings The Coronavirus Act 2020 provides protection to social and private tenants by […]

Government guidance for moving home – Step 4 of lockdown roadmap

23rd July 2021

Those renting a property, letting agents and landlords should be aware of and follow the government guidance on coronavirus and renting which contains further advice that may also be applicable such as on possession proceedings, repairs, maintenance and health and safety. While much of step 4 will involve voluntary guidance, we are keeping a few […]

Should I proceed with offering a tenancy agreement?

23rd July 2021

Hi Folks, Some sage advice please:- I’ve just referenced two lovely prospective tenants who have failed the comprehensive referencing. They’re both clear of debt and have no CCJ’s,  there are good previous Landlord’s references and generally all-around decent reports. Both are considered “Medium Risk” according to the reports. One prospective tenant is currently in receipt […]

Meet Paul Shamplina (Founder, Landlord Action) live Thursday 29th July

Meet Paul Shamplina (Founder, Landlord Action) live Thursday 29th July

23rd July 2021

You’ve probably seen him in the papers, heard him on the radio or watched him on Channel 5’s “Nightmare Tenants, Slum Landlords”. Paul Shamplina is the founder of Landlord Action and has spent over 25 years in the legal field helping landlords and letting agents with problem tenants. Often referred to as ‘The Landlords’ Friend’, […]

How To Rent guide updated 21/07/2021

22nd July 2021

The How To Rent guide that is a regulatory requirement to be given to all new tenants has been amended once again. Please make sure you have the latest copy saved >> Click here  Please be aware that some advice in this guide may be affected by the latest coronavirus (COVID-19) guidance for renting. Please […]

Government agree with lenders to end EWS1 form requirement for below 18 metres

22nd July 2021

Leaseholders in blocks of flats with cladding should be supported to buy, sell or re-mortgage their homes after the government agreed with major lenders to pave the way to ending the need for EWS1 forms. It comes following expert advice that the forms should no longer be needed on buildings below 18 metres. The announcement […]

Excluding London UK room rents are up 1% year on year

22nd July 2021

At the start of the year there was a huge shift in people moving out of the capital, with demand vs supply for shared accommodation outside of London on the rise. Demand vs supply is now growing in every major UK town and city. SpareRoom have analysed data from over 400,000 room ads across Q2 […]

Income to house price ratio climbs to 8.1 making PRS even more critical

22nd July 2021

GetAgent.co.uk, has analysed data on both house price and the average income across Britain, looking at how the income to house price ratio has changed since the Stamp Duty holiday was launched last July. Income to house price ratio climbs to 8.1 in Britain The data shows that the average person in Britain earns a […]

Regional property price pedigree over the last decade

21st July 2021

The UK property market has recently been turbocharged by the Stamp Duty holiday, with house prices up by 10% in the last year alone. Research from YesHomebuyers, has taken a look at market performance over the last decade, to highlight which areas have stood the test of time in terms of consistent and upward house […]

Nowhere for HMO landlords to hide as Councils turn to Artificial Intelligence

21st July 2021

How long does it take for your Council to work out you’re running an unlicensed HMO? Less than one day! This was confirmed this week when a worried landlord got in touch with our landlords defence consultancy team. Here’s the situation: Landlord completes an HMO purchase on the 30th of June. On the 1st July, […]