Page 413 – Property118

John Lewis planning a move into the PRS

5th July 2021

John Lewis is planning to expand and develop into the PRS to divest risk from its struggling retail portfolio, saying it wants to address national housing shortages and support local communities with plans for building 10,000 new homes. 7,000 of the proposed 10,000 homes are planned to utilise sites the company already owns such as […]

DIY Property Sale?

5th July 2021

I have two 4-bed properties I want to sell, but I just for once have a bit of time to have a go at selling myself for a change. Sitting tenants in both with payments made direct so no arrears with one, and minimal arrears with another (less than £500) I have used the bog-standard […]

The average two-year BTL fixed rate is lower now compared to 2019

5th July 2021

Buy to Let Landlords will be pleased to see a rise in product choice if they are looking to invest or change their existing mortgage deal. The latest data from Moneyfacts.co.uk also highlights the average two-year fixed rate is lower now compared to 2019 – so there may be investors coming off a two-year fixed […]

168 pieces of legislation

5th July 2021

Laws underpinning the private rented sector are not fit purpose as new research reveals that some date back to the 18th century. According to the analysis published today, by the time the forthcoming Building Safety Bill is given royal assent, the number of statutory provisions applying to the sector in England will have risen by […]

Want to sell your property portfolio while the market is sky high?

2nd July 2021

My team and I specialise in selling landlord portfolios, and with the current market, industry experts and associations agree, now is that time to sell. Landlords need landlord experts that will go above and beyond to get you the highest price for your buy-to-lets, no matter what challenges need to be overcome. You also need […]

Property Market To Crash? – July 2021 Update

2nd July 2021

Is the UK Property Market about to crash?! In this video below, I go through my July update on the property market and my predictions of the future of property prices now that the stamp duty holiday is coming to an end.

Am I still liable to pay my 50% share?

2nd July 2021

After waiting 13 years for repairs, my Freeholder is still prevaricating and will not issue the first phase of the Section 20 process, despite being issued with a Notice of Intent to apply to the court for a ruling on the matter. Can anyone tell me if the court rules in my favour and orders […]

Tenant rights at the end of an agricultural licence?

2nd July 2021

Could anyone please offer advice or contacts for tenant rights at the end of a tenancy, which is an agricultural licence? This is a different area of letting to my own business. I have multiple examples of tenants being outrageously overcharged for the outgoing condition of their property, and the money is simply deducted from […]

Empty Dwelling Management Order from Council head of revenues?

2nd July 2021

My 1 BTL property has been empty since 04/01/21 (my tenant reluctantly had to leave London to look after their elderly parents during the Covid Pandemic and I waivered a 2-month period notice to one month to enable them to do so). Whilst also being deemed elderly and vulnerable myself (and having to self-isolate) I […]

Take the ‘Stress Test’ out of Buy to Let

1st July 2021

A new Buy-to-Let mortgage product with NO Stress Testing has been introduced to the market with all types of property and most borrowers accepted. Loan sizes must be in excess of £150k+ only It has a streamlined application process combined with common-sense lending decisions designed to take the stress out of Buy-to-Let and achieve a […]

Fire Risk assessments should be performed forensically

1st July 2021

This is just one of many examples of the risks if a Fire Risk Assessment is not performed forensically. Many landlords consider themselves competent to do their own Fire Risk Assessments. 99% of landlords are not competent because they do not have the in-depth knowledge nor experience of what is an extremely complex subject. Nor […]

Regulatory issues the biggest reason for landlords wanting to sell

1st July 2021

Nearly a million landlords plan to review their buy to let portfolios over the next two years, with the number planning to sell outnumbering those planning to buy more properties. This is according to new research from the Nottingham Building Society. Its study found nearly two out of five landlords surveyed will be reviewing their […]

Misled about floor area and now can’t sell?

1st July 2021

My daughter is trying to sell her flat which she bought 3 years ago. The new agents have informed her that the floor area is 27sq m, and that it will not be possible for her to proceed to sell to another mortgage holder if it is below the threshold of 30 sq m, they […]

Tenant only missed one month but needs Section 21?

1st July 2021

A tenant who can’t pay her rent was going to leave (possibly to live with family) but the Local Authority is asking her to get a Section 21 from me. This means starting the eviction process. She says she can’t get UC or any help from the Job Centre until she gets this. She has […]

New Lords Committee launches inquiry on UK housing needs

30th June 2021

A newly created House of Lords Built Environment Committee has launched its first inquiry on the demand for new housing in the UK and how barriers to meeting this demand can be overcome. The focus of the inquiry will be on the key factors shaping the type, tenure and quality of housing needed in the […]

New £10 million Tenancy Hardship Grant for the PRS in Wales

30th June 2021

The Tenancy Hardship Grant is designed to support people who have fallen behind on their rent by more than eight weeks between 1 March 2020 and 30 June 2021. The grant is designed to help people stay in their homes and prevent them losing their tenancies. Minister for Climate Change Julie James, who is responsible […]

Call for Right to Rent clarity

30th June 2021

Landlords and letting agents need more clarity and transparency about the future of Right to Rent checks post-pandemic and post-Brexit, and No Letting Go argues that the government needs to be clearer on what will be involved moving forward for the divisive checks that were first introduced across England in February 2016. Right to Rent and […]

Step towards a fully digital planning system

30th June 2021

MHCLG has launched two new web apps to will help owners improve and extend their properties and are a step towards a fully digital planning system and will save time and money for developers, architects and homeowners by speeding up and simplifying the application process. Many home improvements, such as kitchen extensions and loft conversions, don’t […]

Greedy Rich Landlord raking it in collecting Taxpayers money he’s not entitled to

30th June 2021

It’s official, DWP Universal Credit will keep paying Landlords money they are not entitled to, wasting Taxpayers money. Benefit tenants, here is another reason (of many) why you can’t secure accommodation any more. Shelter, DWP UC will pay me £20,000 over 3 years, making this Greedy Rich Robbing Parasite Landlord even richer. I’m not entitled […]

It’s good to be beside the seaside

30th June 2021

Post Lockdown research by  GetAgent.co.uk, indicates that Great Britain’s historic towns have become the most in-demand buying locations in the country, with higher annual price rises than any other type of British town. In the past year, the average house price in Britain has increased 8.2%, from £234,540 in January 2020, to £253,702 in April […]

Chalk-drawn question mark on blackboard representing a landlord’s query about letting agent responsibility

Buy to leave?

30th June 2021

I am thinking about a Let to Buy mortgage, but rather than looking for a tenant, I am planning to leave our home unoccupied and largely unfinished, seeing it is a flat and insured by the management company. I May need the flat in the future and by not renting, it will be kept in […]