Page 411 – Property118

Buyers lender demanding I instruct a solicitor?

6th August 2021

I am selling a leasehold flat and 50% share of the freehold. I have a buyer, they have received a mortgage offer. I am doing my own conveyancing. The buyer’s Conveyancers have agreed on the documentation and the Deed of Variation (to extend the lease to 999 years and reduce the Ground Rent to a […]

Bank of England emblem symbolising decision to hold the Base Rate at 5%

Bank Base Rate unanimously held at 0.1%

5th August 2021

The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Base Rate at 0.1% and to maintain the same levels of Quantitative Easing. This is despite CPI inflation projected to rise near term to 4% in 2021 Q4 due to energy and other goods prices, before receding back to the 2% target […]

Rumble with the Agents returns – you know the ropes

4th August 2021

Landlord Action has announced that its charity white collar boxing event, ‘Rumble with the Agents’, will return on Thursday 9 December 2021. Both May 2020 and May 2021 events were cancelled due to the ongoing pandemic, but founder of Landlord Action, Paul Shamplina, says he hopes this, which will be the sixth Rumble event, will […]

National Planning Policy Framework NPPF 2021 – Key Changes

4th August 2021

Linda Wright explains the key changes to the National Planning Policy Framework, NPPF 2021 Most importantly for us as property developers, Linda explains the changes to article 4 planning restrictions which will soon come into play, creating new opportunities for you. There are some interesting changes – did you know that the UN is having […]

Councils are weakening the principle of deterrence

4th August 2021

Over half of local authorities in England have not issued any civil penalties against rogue or criminal landlords in the last three years according to a new survey. Since April 2017 councils across England have been able to issue civil penalties of up to £30,000 for a range of housing offences. Income received can be […]

46% of Landlords assisted tenants with rent payments during lockdown

3rd August 2021

A survey of Shawbrook bank customers revealed that 46% of their landlords reduced their rents to assist tenants during the pandemic. This is made up of 28% of Landlords who gave a full payment holiday for an average 3 months and 18% who gave an agreed rent reduction over an average period of 4 months. […]

Should I sell at 75 and if so how should I go about it?

3rd August 2021

I always said I’d sell my small portfolio of 4 terraced houses, situated in a Northwest town when I reach the age of 75. I’m nearly 73 now, but thinking I should sell now, as the market seems right. Each of my houses is tenanted with good tenants who have indicated that they are there […]

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 […]