Page 418 – Property118

Warning on Form 6A printed before 1 June to serve after 1 June 2021?

15th June 2021

A few days before the 1st June 2021 in preparation for S21 notice, I rang the NRLA regarding Form 6A and the new 4 months’ notice. I downloaded the form as per their advice from the govt web site. Filled it in ready with all relevant paperwork and I served the notice very early in […]

Tenant Dies on Staircase?

15th June 2021

My tenant friend and work colleague fell and died on his Landlord’s Stairs. This is the letter that I propose sending to the local council. “During the Christmas week of 2020, T fell down the exterior iron stairs at Flat 35b **********, which gives access to a number of bedsits (usually termed as HMOs). He […]

Getting UK property insurance for EU residents?

15th June 2021

There now appears to be issues in getting buildings cover for Buy to Lets in the UK for non-UK residents now. Does anyone of you know how to arrange this cover? One of the properties in question is classed as 6 bedroomed as it has a separate one bedroomed annex and some companies won’t cover […]

HMO property deal analysis and how you can do this too!

15th June 2021

In this video below, 5 property experts breakdown and analyse a huge 15 room HMO Property deal in Swindon. Not only is this a great insight into how to quickly do analysis on a HMO property deal, but I’ll also tell you how you can do this too! This fantastic case study comes from the […]

Renting now cheaper than buying for the first time since 2014

14th June 2021

Research by Hamptons is indicating that the recent inflationary pressure on house prices caused by a lack of supply relative to demand pushed by the Stamp duty holiday has shifted the cost of renting below the cost of ownership for the first time since 2014. In most areas of the UK, apart from Scotland and […]

Tenants left me with their bills to pay?

14th June 2021

My tenants recently moved out, they didn’t pay some months, and they’ve left the house in a mess. Now they’ve gone, and I’ve had an £800 water bill from the water board! I forgot to tell them new tenants were moved in, so their name hasn’t been on their history. They’re now making me pay […]

Covid delays – Should Landlord take the hit?

14th June 2021

Thankfully my tenancies have been fairly quiet during the Covid-19 period bar one or two with payment difficulties. However, one was due to leave next week as they were moving abroad and a new tenant move in a few days later. So I booked decorator, repairs, checkouts to take place between the tenancies. However, the […]

Sensible solution – but is there any small print?

14th June 2021

I have a tenant moving in next week that the Council are paying the deposit and Rent in Advance (RIA) for. There is a deficit of £20.01 per month, which normally would require a top-up to be paid directly to me from the tenant. In this case, the Council have stated they will pay this […]

Old Possession Orders Move Fast in the Sheriff Lane

14th June 2021

This week in Shergroup we have started to see an uptick in the number of possession orders we are receiving with and without permission to transfer to the High Court for enforcement. As you get to know our story in Property118, you will know that Shergroup is a pro-active and innovative High Court enforcement agency.  […]

Judge tears into Northampton Council’s Samantha Ling and her department

11th June 2021

In a shocking, and embarrassing for Northampton Borough Council (NBC),  determination by Judge Wayte of the First Tier Tribunal property, he went so far as to suggest that the landlord should make a claim for costs against the Council. A move that is almost unheard of, such was his condemnation of Samantha Ling and her […]

BTL borrower overexposure limits?

11th June 2021

My husband and I jointly own a lovely Victorian terrace with 5 flats. We own the freehold (yes, in different name), as well as the leaseholds of all the flats as joint owners. We did major renovations and upgraded to top-spec when we bought the building, remortgaged the flats and the 5y mortgages are just […]

ONS construction output fall will add pressure to housing inflation

11th June 2021

Monthly construction output fell by 2.0% in April 2021 compared with March 2021, falling to £13,961 million, and was the first month-on-month fall since December 2020 when output fell by 2.2%. This follows comparatively strong growth of 5.8% in March 2021. Anecdotal evidence received from survey returns suggested increased new work, delayed projects returning to […]

Hand reaching toward a house-shaped safe representing secure rental deposits

Deposit protection for already protected deposit?

10th June 2021

I would like to seek the views and experiences of landlords on a particular deposit protection issue that I have come across. I have recently increased the rent on a property, which is on a rolling contract for couple of years now. The amount of increase was following conversation with and agreement from the tenant. […]

VAT when transferring small office to an LLP?

10th June 2021

I am considering transferring a small office investment into a family LLP. The property has been opted for VAT. The property was bought with vacant possession recently and has remained vacant, this would eliminate a Transfer a business as a going concern option. So my question is: If I transfer the property to an LLP […]

New 3.09% 5 year fixed BTL launched by Bucks BS

10th June 2021

A very competitive 80% Loan to Value 5 year fixed Buy-to-Let mortgage product has been released today by the Buckinghamshire Building Society available to limited companies and first-time landlords, but not, unfortunately, portfolio landlords (personal individual applicants cannot have more than 3 mortgaged BTL upon completion). The 5 year product is fixed at 3.09%  till […]

Average rent up 4% year-on-year

10th June 2021

The latest HomeLet Rental Index is showing increased demand has pushed the average annual Uk rental price up 4% to 997 pcm and if you exclude London this increases to 6.4% at £854 pcm. Every region excluding London saw a rise in rent prices year-on-year with the East of England seeing the most significant price […]

Council announces free property licensing!

10th June 2021

Instead of charging landlords around £1,000 like most UK councils – for the dubious honour of going into a database – which the council will then use, so they can easily inspect properties and issue eye-watering fines, Jersey (which is of course part of the UK) is to offer this for free. They did try […]

£610 million government boost for 26 towns

8th June 2021

Twenty-six towns in England will share over £610 million to boost their local economies, create jobs and help them build back better from the pandemic. These new Towns Deals range from seaside towns like Hastings and Hartlepool to the historic market towns of Bedford and Bishop Auckland. The money will help them to grow their […]

Will the ICO sanction my companies?

8th June 2021

This morning I received five copies of ICO data protection fee reminder. The letter states that it is my ‘legal responsibility to pay the data protection fee.’ It then has a box with a link stating that if I do not need to pay a fee that I need to tell them and complete the […]

Stamp duty on house including annex – more complex?

8th June 2021

Hello, I have just had my offer accepted on a 3-bed end of terrace property that includes an attached 1-bed annex. My solicitor tells me to talk to my accountant for the stamp duty calculation as homes with an annex can be more complex. This is my 8th buy to let, so I know of […]