Page 413 – Property118

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, […]

Tenants Group criticise Landlord for Not serving a Section 21!

21st July 2021

Yes, you read that correctly! We represented a Landlord at the First Tier Tribunal recently where a Rent Repayment Order (RRO)  was being sought for 12 months rent due to no Additional Licence. The hearing turned to Landlord and Tenant conduct, which is one of the few aspects to mitigate against a full rent repayment. […]

Best to sell furnished or unfurnished?

20th July 2021

I am planning to sell off one of my Buy to Let properties, which is currently lightly furnished. An agent has advised me to either sell the property fully furnished with reasonable quality furniture or to sell it as completely empty because they do not think my now rather worn furniture will add to the […]

Bricks and mortar value of the UK’s PRS almost £1.4trillion

20th July 2021

The latest research by Sequre Property Investment, estimates that the current bricks and mortar value of the UK’s private rental sector sits at almost £1.4trillion. The data was compiled on the number of current private rented dwellings across England, Wales, Scotland and Northern Ireland, before looking at the total value of these rental portfolios based […]

Class G Permitted Development Changes

19th July 2021

Class G of the General Permitted Development Order (GDPO) a permitted development right to create 2 flats on the upper floors without asking the council for a Use Class E building has been consigned to history from the 1st August 2021. CLASS G CHANGES:  2 Flats above a shop/office are currently fully permitted development, but […]

Next Step ICE complaint?

19th July 2021

A tenant moved into a flat in August 2020. Universal Credit set up direct payments to Landlord as agreed (also requested by tenant as history with gambling etc). It transpires in April UC asked the tenant for a copy of the tenancy agreement as evidence of tenancy etc, but he didn’t act. Direct rent payments […]

I need some guidance on ‘guidance’?

19th July 2021

I notice the government frequently use the word ‘guidance’ on many of their sites. Does ‘guidance’ mean – law – advice – or whatever? I also noticed re evictions under section 21/8 assured tenancies are mentioned but not assured ‘shorthold’ tenancies with no mention of arrears on their main page! ??? I also noticed the […]

What’s the best form of electric heating for rental flat?

19th July 2021

With gas heating under pressure from future government green legislation for residential properties, and potential bans for the installation of new gas boilers, is this heating fuel now falling out of favour and not the way forward? The question is at this early stage what is the best form of electric heating available and is […]

Meet Mark Smith (Barrister-At-Law) live Thursday 29th July

Meet Mark Smith (Barrister-At-Law) live Thursday 29th July

17th July 2021

Mark Smith (Barrister-At-Law) will be live on Thursday 29th July presenting on Tax Planning and Business Structures for Landlords. The Virtual Property Exhibition features 8 property industry experts, for a full day of online training to update you on the current property market opportunities. This exhibition is being run by property investors network (pin) and […]

Freedom Day For Property Investors on August 1st

17th July 2021

Freedom day for property investors comes on August 1st because the planning system that has constrained us for so long is opening up! In this video, I’m going to be sharing with you 5 property investment strategies that require full planning permission today, but not from August the 1st thanks to prior approval. Register For […]

BTL demand shows fundamental shifts in where and how people want to live

16th July 2021

Paragon Bank’s recent FACT report indicated 53% of mortgage brokers surveyed in the last quarter anticipate increased Buy to Let demand over the next 12 months, despite the tapering of the Stamp Duty holiday. This is up from 50% in the first quarter of the year, but a consistent 10% of brokers still think demand […]

Welsh Government to fund fire safety surveys for all buildings over 11m

16th July 2021

All buildings in Wales over 11m will be eligible to apply, with high rise buildings (18m+) prioritised initially for fire safety surveys. The surveys will go beyond cladding issues, including assessing internal issues such as ineffective compartmentation. Minister for Climate Change Julie James confirmed the surveys will be funded by the Welsh Building Safety Fund. […]

Business Rates – confused?

16th July 2021

I have two properties owned jointly, no tenants in either. The Rateable value of one is £2,435, the other £1,650. They are both shops in listed buildings (residential flats above). Are both exempt from business rates even if empty or tenanted, as both under £12kRV? I thought anything under £12k RV was exempt anyway BUT […]

Online event on tackling COVID related rent arrears

15th July 2021

The founder of the Big Issue, Lord Bird, Nigel Mills MP, a Conservative member of the Work and Pensions Committee, and Yvonne Fovargue, Labour Chair of the All-Party Group for Debt and Personal Finance will be addressing an online event on tackling COVID related rent arrears. Government data shows that in England, since the start […]