Page 425 – Property118

Are flats or houses best for Buy To Let investors?

31st March 2021

It can make a massive difference to your bottom line whether you choose to invest in flats or houses. It can also make a massive difference depending on where in the country you are. Watch this video for a full breakdown on the pros and cons, and for recommendations on what type of investment property […]

March house prices down 0.2% month-on-month

31st March 2021

The latest Nationwide House Price Index for March with prices down 0.2% month–on–month, after taking account of seasonal factors. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “Annual house price growth slowed to 5.7% in March, from 6.9% in February. “Given that the wider economy and the labour market has performed better than expected […]

What can tenants do about noisy neighbours?

31st March 2021

Many people have spent more time than ever before at home over the last year. Some have been trying to work from home with children, dogs and cats to look after. And what of the neighbours? Perhaps your tenant has only just realised how noisy or disruptive they are but what can they do about […]

Can landlord claim back a COVID rent discount?

31st March 2021

I’d appreciate any thoughts and experiences on this matter, but I think it might take a binding court case to settle the question, and then some! I’m hearing of landlords who gave their tenants rent discounts during the first lockdown, without specifying whether the difference was to be paid back and in one or two […]

MPs call for urgent rent debts action welcomed

31st March 2021

Responding to a report published today by MPs on the Housing, Communities and Local Government Select Committee on the impact of the COVID-19 pandemic on the private rented sector, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “We welcome today’s report which calls for a proper exit plan for the private rented […]

County Courts will not cope with ‘eviction avalanche’

30th March 2021

In 2020, as part of government restrictions to protect tenants during the pandemic, the number of residential evictions fell by an estimated 20,000 (74%). County Courts are facing an ‘eviction avalanche’ when the ban on bailiff-led evictions comes to an end on 31 May and courts are faced with processing and enforcing the backlog, in […]

Join Mark Smith at the pin Virtual Property Exhibition on Friday 2nd April

30th March 2021

We are delighted to invite you to join us live on Friday 2nd April for a Virtual Property Exhibition, featuring 12 property industry experts, for a full day of online training to update you on the current property market and opportunities. This exhibition is being run by property investors network (pin) and will include various […]

FOI to assess noise complaints by city

30th March 2021

Confused.com has conducted Freedom of Information requests to the 100 biggest cities in the UK to find out the number of noise complaints over the last 12 months, to find out who has the loudest neighbours. The research also includes a survey of over 2,000 residents across the UK. The 10 noisiest cities to live […]

Problems with Right To Manage companies and paying for works?

30th March 2021

My company owns the freehold of a block of 18 flats and also owns one of the flats. An RTM Company took over the management of the block about 12 years ago, just after we had served s.20 notices about forthcoming works. Since that time the RTM has not undertaken necessary repairs and the block […]

BTL rates up but so is choice

30th March 2021

Moneyfacts.co.uk highlights a growth in choice of Buy-to-Let (BTL) product options, but warns that interest rates are on the rise. For the fifth consecutive month, BTL availability has continued to improve; with 2,333 products available, the sector has recovered to 81% of pre-pandemic levels (compared to 68% recovery in the residential sector) and now offers […]

Student rental demand returning?

29th March 2021

As students look to secure a place to live ahead of the new academic year UniHomes researches which areas are showing the highest level of tenant demand. The Student Rental Hotspots Index looks at the UK’s top 100 universities, highlighting which are currently seeing the highest demand for student rentals. This demand is based on […]

Can tenant insist on ‘local’ contractor in lockdown?

29th March 2021

Colleagues, any ideas? I have a very difficult tenant who has refused access for my builders last year and now won’t allow access for an EICR on Monday. It’s 2 days left before the deadline, and I’ve been trying to do repairs on the house along with doing the electrical cert. Could be that they […]

One member of RTM not paying critical bill?

29th March 2021

I am a member (director) of an RTM in a small block of 7 leasehold flats. 3 of the leaseholders are also Directors and 3 are non Directors leaving one leaseholder yet to join the RTM. We mostly agree on necessary maintenance works and split the costs between ourselves individually. We also have a management […]

Best for revaluation – vacant possession or sitting tenant?

29th March 2021

We need to revalue our properties as we are planning to change our business structure. So we are trying to plan ahead before a final decision is made on what to do next. Should the properties be valued as vacant possession, or should they be valued with sitting tenants? Which is the most cost-efficient way […]

Green Homes Grant applications canned after 31st March

29th March 2021

The troubled Green Homes Grant Scheme will be closed for new applications after the 31st March this year as announced quietly by the Department for Business, Energy & Industrial Strategy. Following a review, the Green Homes Grant Voucher Scheme launched last year will close to new applications on 31 March at 5pm. The scheme was […]

Selective Licensing fines for minor breaches?

29th March 2021

Has anyone received a fine or penalty for perceived only very minor potential breaches of selective licensing rules? By minor breach, I mean perhaps not having an Anti-Social Behaviour policy in place or not having PAT tests done or something similar. I know the penalties are meant to be high £5000 or up to £30,000 […]

Land Transaction Tax – Welsh Holiday Let?

29th March 2021

I’m interested in purchasing a B&B in Wales to turn into a Holiday Let. The process is wrought with complications I would be happy to share whilst I learn if anyone is interested. For now, I am hoping someone can advise me on the matter of Land Tax. If I successfully obtain planning permission for […]

Allowable legal costs for tax purposes?

26th March 2021

Hi everyone, I have just been through a very difficult and complicated divorce. I have been a landlord for many years and acquired 8 rental properties, two were in joint names, and as part of the settlement my ex-husband agreed to transfer these to my name. I remortgaged 4 properties to buy him out. My […]

EICR necessary for tenant a year in arrears?

26th March 2021

Hi, I have a tenant who was given a section 8 notice before lockdown last year and because of the ban on evictions, he is still there. He owes a year’s rent. I do not wish to get a EICR test as I do not wish the property to be let out again, and he […]

Anyone used Ground 1 S8 successfully?

26th March 2021

As I understand it you can gain mandatory possession with Ground 2 S8 if… the landlord wishes to move into the property to use it as their main home, and they were the owner of the property prior to the tenant moving in. NRLA state that this does not require the landlord to have lived […]