Page 421 – Property118

Office of Tax Simplification recommends 60 days to pay CGT

21st May 2021

The Office of Tax Simplification’s (OTS) second report recommends that the government consider extending the reporting and payment deadline for the UK Property tax return from 30 days to 60 days. Click here The second report said: Around 150,000 individuals make a disposal of UK residential property each year, 85,000 of whom have a taxable […]

I want to help my wonderful tenant moving to Exeter

20th May 2021

Hi, my tenant is currently in N. Wales, single educated lady with 2 dachshunds and working as a teacher. She is moving to the Exeter/Devon area after 16 June and cannot find a property. She has been a wonderful tenant for 3 years with no issues, which is why I am asking here if anyone […]

EICRs From Hell?

20th May 2021

I have a rented property with no problems from the electrics over a 10-year period. I had an EICR carried out in December 2011 that was satisfactory. A week ago the electrician EICR checked the house and found some minor problems with the earths plus the need for a new consumer unit and left. Within […]

Should I convert lounge and add 3rd bedroom?

20th May 2021

Hello, I wanted to get some advice on a flat I have in Central London near Canary Wharf. The property is a 2 bedroom new build property (constructed in 2017). It has been occupied by the same tenants since it was built. In addition to the 2 bedrooms, there is 1 bathroom, and a large […]

DWP will conduct checks to verify or withdraw post Covid UC claims

20th May 2021

People who applied for Universal Credit as Covid hit could be subject to a benefits check by the Department for Work and Pensions (DWP). Citizens Advice sets out the need-to-knows on the DWP’s Trust and Protect scheme, and the steps that should be taken to ensure benefits are not withdrawn. What is the ‘Trust and […]

Management company director from hell?

19th May 2021

I’ve been a joint shareholder of a freehold company that owns a Victorian block with 4 flats for about 5 years, there are four flats with four shareholders, and I am one of three Directors running the management company. The other two Directors are ‘Directors from Hell’, they have owned their flats for over 30 […]

Letter to tackle persistent and unreasonable maintenance requests?

19th May 2021

Hi, I have tenants that, for almost a year, are constantly requesting amendments be made to my property in Wales. For example, I had the property painted and decorated just before they moved in at a cost of £3000. They moved in, and the next day sent me a repair list of 38 items, one […]

Rent in Advance or Rent in Arrears?

19th May 2021

Most Tenancy Agreements (TA) state first rent in advance, but what about when this is not applicable? Benefit tenants or Direct Landlord UC payments are always a month in arrears, so how do you get across this dilemma of the working in a TA? Is it viable to ask for two months Rent in Advance […]

CPIH inflation rate has jumped to 1.6%

19th May 2021

The Office for National Statistics (ONS) released data for March 2021 shows the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 1.6% in the 12 months to April 2021 up from 1.0% to March. This brings inflation levels towards the Bank of England’s medium-term target of 2% without causing immediate short term […]

North of England prices booming amidst highest repossession levels

19th May 2021

With the current stamp duty holiday spurring a property market frenzy, house prices have boomed. The latest UK House Price Index shows that the North of England is leading the way, with both the North West (11.9%) and Yorkshire and Humber (10.9%) registering the highest rates of annual growth, while the North East (9%) isn’t […]

Significant shift of tenants away from London

19th May 2021

Private sector tenants are leaving London in response to the COVID-19 pandemic. According to new research, landlords renting properties in London were the only ones in the country to report that tenant demand had fallen more than it increased. A survey of National Residential Landlords Association members, conducted by the research consultancy BVA-BDRC, found that […]

Carer’s allowance claim v rental income

18th May 2021

I am looking to make a claim for carer allowance, having had to retire at 63 and to move back home to care for elderly ill parents. My company pension is not included in the rules for carer allowance. However, rental “earned income” is and there are questions about it in the form. Having googled […]

Do I need leave to enforce possession warrant on ordinary AST?

18th May 2021

I wonder if anybody can assist me? I applied for possession in accordance with s21 in January after first applying to the Court in March 2020 in respect of a normal AST. Eventually, after numerous errors by the Judge, I was granted a possession order in April. The tenant is 6 months in arrears, so […]

Portuguese Golden Visa popularity

18th May 2021

Astons, the international experts on real estate, residency and citizenship through investment, has revealed that it’s not just green list inclusion for UK holiday makers that could see travel to Portugal increase this year, with investment into the nation’s Golden Visa program also expected to climb in 2021. Portugal currently has one of the most […]

How will the abolition of ground rents affect existing leaseholds?

18th May 2021

It was announced in the Queen’s speech last week that ground rents for new leasehold properties will be abolished, with a small sum in rent taking their place. However, it remains unclear as to how, or if, this will impact existing leasehold homes and the latest research from StripeHomes has revealed just how much is […]

New Rightmove record for the price of property coming to market

18th May 2021

May sees a new Rightmove record for the price of property coming to market, hitting an average of £333,564. That is 1.8% (+£5,767) above the previous all-time high recorded in April. While the level of new properties coming up for sale is at a similar level to the long-term average, demand continues to massively exceed […]

Pandemic related arrears should be top of the Housing Minister’s in-tray

17th May 2021

The pandemic-related debts of tenants and landlords should be “top of the Housing Minister’s in-tray”, according to the National Residential Landlords Association (NRLA) following the formation of a new Welsh Government. In the wake of the Senedd election on 6 May, Mark Drakeford has formed his new cabinet. Julie James remains in charge of housing in the […]

Concerned about offering tenancy to someone so young?

17th May 2021

I have had an application from a very young lady (only just 18, but she is due a baby within the month) for a two-bed flat with her partner. While she has the Rent In Advance & Deposit, I am wary that if the partner leaves her, she won’t be able to afford the rent […]

Change of payment terms for terrible payer?

17th May 2021

I have a tenant who is now on a periodic agreement with terms requiring monthly payment. He is a terrible payer and I would normally look to evict him, but it is not so easy at the moment. He has just requested to move to weekly payments, and I am happy to accommodate his request. […]

Lack of new properties to let putting pressure on prospective tenants

14th May 2021

A slowdown in the supply of new homes in April has seen price growth accelerate across the UK, according to the RICS Residential Market survey, April 2021. Meanwhile, a lack of new properties to let has also put pressure on prospective renters. Tenant demand for rental properties picked up over the quarter to April – […]