Page 415 – Property118

UK rents rise overall with the London the exception

7th July 2021

For the UK as a whole, there has been an increase in average monthly rent from £782 to £804 (£22 or 2.81%) between Q2 2020 and Q2 2021. However, in the latest edition of its quarterly Rent Index the DPS revealed that the average monthly cost of renting property in the capital decreased £11 (-0.83%) […]

If you own a second or holiday home Wales is coming for you

6th July 2021

The Welsh Government has announced a new plan they say has ‘fairness at its heart’ to ensure everyone in Wales can have access to good quality, affordable housing. The three-pronged plan will focus on: – Support – addressing affordability and availability of housing, – Regulatory framework and system – covering planning law and the introduction […]

A kinder way to deal with tenants who are not paying rent

6th July 2021

When faced with non-paying tenants, most landlords tend to think of eviction.  However, this is a dreadful solution just now: For landlords, it means a stressful and often expensive court claim, which could take up to a year or more to complete, during which time most tenants will fail to pay anything at all. Then, […]

Live-in Landlord Tax – personal use adjustments?

6th July 2021

I am a live-in Landlord and the property is a licensed HMO. I rent out 5 bedrooms and have 1 for myself. Does anybody have any idea how much personal use adjustments I should make for tax purposes. Last year my utilities, mortgage and repairs were around £20,000. I took off £5000, for personal use […]

Most in demand universities

5th July 2021

A report from UniHomes, has indicated which universities are seeing the greatest rental demand from students for the new academic year looking at the UK’s top 100 universities, highlighting which are currently seeing the highest demand for student rentals. This demand is based on the number of student homes listed on the market that have […]

49,470 completed homes in the first quarter of 2021

5th July 2021

Although demand still vastly outstrips supply, and continues to add inflationary pressure, the number of homes built continues to rise following a range of measures to support the industry during the pandemic, There were 49,470 completed homes in the first quarter of 2021 – the highest figure in over 20 years and a 4% increase […]

The Building Safety Bill – Rights, Powers and Protections for Residents

5th July 2021

The Building Safety Bill, published 5 July 2021, will set a pathway for the future on how residential buildings should be constructed and maintained. Housing Secretary Robert Jenrick will today outline the next key step in an extensive overhaul to building safety legislation, giving residents more power to hold builders and developers to account and toughening […]

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 […]