Page 431 – Property118

Tenants in breach and need to vacate for full rewire?

23rd February 2021

I wonder if somebody could give me some advice? I have a property which is let to an Eastern European couple. My electrician has been round to do his electrical report. He has advised me that the property requires a full rewire but as “there appear to be up to 10 people living in the […]

Are old expense receipts still valid and claiming past capital expenses?

23rd February 2021

Hi, I have found some old maintenance/repair (not improvement) receipts for my BTL property which date back to 2012. My first question is: can I use them on my next self assessment tax return or have I lost out because I can you only claim for payments made in the same financial year? Secondly, when […]

Salford City Council orders landlord to re-instate gas safety hazard

23rd February 2021

In what we see daily as nonsense from council housing enforcement officers, Salford City Council has today excelled itself. The situation is a bog-standard 2-up 2-down terrace of which there are thousands in Salford. Because it is inhabited by three non-related persons sharing it is an HMO and comes under the council’s HMO Additional Licensing […]

Signed Tenancy Agreement but Landlord change his mind?

22nd February 2021

I am a Landlord and I would like some help. I have a signed tenancy agreement between all parties, where on the last page says: Signed by the Landlord, signed by Tenants and Document Executed by: (which is my letting agent). These tenants need to move in within 3 weeks, but, current tenants (who are […]

The Latest on Rent Arrears, Courts and Evictions

22nd February 2021

On Tuesday 23 February 2021 at 11:00am, Landlord Action, alongside PRS Mediation, will host a one-hour webinar providing property professionals with the very latest information and guidance on rent arrears, courts and evictions. The private rented sector is in crisis when it comes to rent arrears, possession claims and evictions. Although the courts are open […]

Neighbours having issues with noisy tenant?

22nd February 2021

Hello members, I have let a 3 bedroom mid-terrace house to family of 4. Currently, the neighbours are having issues with the tenant and are saying that the kids make too much noise day and night, and they are unable to sleep. The tenant is saying that the noise is reasonable and other neighbours do […]

Party Wall agreement never sought?

22nd February 2021

My neighbour had started work without having getting a Party Wall agreement and incorporated my garden wall in their extension at the rear of the house. I have engaged a boundary surveyor who confirmed that they have trespassed on my land. The report was done in September 2020 and sent it to my neighbours. My […]

Getting to the nitty-gritty of tackling Britain’s rent arrears crisis?

22nd February 2021

Last week I spent an hour listening to a podcast by the Resolution Foundation. It can be found here Resolving rents: Tackling Britain’s rent arrears crisis After listening to it I tried to comment underneath the podcast, but for some reason, my comment would not appear. This also happened to others. I don’t know if it […]

Second MHCLG HQ to be in Wolverhampton

22nd February 2021

Communities Secretary, Robert Jenrick, confirmed on Saturday that the government will create a second headquarters in Wolverhampton with at least 500 Ministry of Housing, Communities and Local Government (MHCLG) Group roles set to be based across the West Midlands by 2025 with further increases planned by 2030. The Ministry of Housing, Communities and Local Government […]

HMRC Investigation into £9million Property118 ‘Incorporation Relief’ Claim

19th February 2021

In June 2020 HMRC opened an investigation into a £9 million ‘incorporation relief’ claim made by a Property118 client who used the Beneficial Interest Company Transfer structure “BICT” to substantially incorporate their property rental business. The HMRC manual states: “TCGA92/S162 applies where a person other than a company transfers a business as a going concern […]

Cat and dog allergy issues?

19th February 2021

The government have decided to allow people to have pets whether or not the landlord agrees with this: “The government has released its latest standard model tenancy agreement to cater for responsible tenants with well-behaved pets. Under the new Model Tenancy Agreement, announced by Housing Minister Rt Hon Christopher Pincher MP, landlords will no longer be […]

Oxford-Cambridge Arc: This may influence geographical investment decisions?

19th February 2021

Housing Minister, Christopher Pincher, announced a plan to unleash the economic and cultural potential of the Oxford-Cambridge Arc, to transform it into one of the world’s premier growth corridors and a world-leader in sustainability. The spatial framework plan will help to create thousands of jobs, drive investment, protect and enhance the environment, and provide the […]

Party Wall Act – neighbour ignored it!

19th February 2021

The attached neighbour to our rental property conducted works which included a loft conversion and kitchen roof height lift. The Council have confirmed that no permission was applied for (or retrospectively requested) and possibly PD rights were exceeded. Building Regs were also not applied for. Work is believed to have taken place circa 2 years […]

Has the Protected Tenancy expired and reverted to an AST?

19th February 2021

I have owned a property for over 17 years, which was bought from a property company with tenants in situ under a Protected Tenancy. The tenants had been moved there from a previous property under a Protected Tenancy. The Agreement stated that the Protected Tenancy would continue for a period of two years. Does that […]

5th April 2015 Property Valuations for CGT?

19th February 2021

I am non-UK resident and need to get a retrospective valuation of a UK house as at 5 April 2015. This is because for CGT purposes, the UK tax law says I can use the value of the house as at 5 April 2015 as my “acquisition cost”, instead of the cost I paid for […]

Targeted financial package to help renters pay off arrears required

18th February 2021

Joint statement by The Big Issue Ride Out Recession Alliance, Crisis, Citizens Advice, Joseph Rowntree Foundation, Money Advice Trust, The Mortgage Works, National Residential Landlords Association, Nationwide Building Society, Propertymark, StepChange Debt Charity and Shelter: At least half a million private renters are in arrears due to the economic impact of Covid-19. The UK Government’s […]

Beware of useless boiler maintenance contracts?

18th February 2021

I had a gas safety check carried out on one of our properties last Friday afternoon for a tenant, his wife and four children by Your Repair. The engineer carried out the gas safety on the boiler and said all was working well, but noticed a grill was missing from the flue pipe outside, to […]

What is the definition for an Urgent Repair?

18th February 2021

Hi, I am trying to find a definition for what would constitute an urgent (or emergency) repair in legislation, regulations, etc Which repairs would be considered urgent for a landlord to undertake immediately? Can anybody advise if such definition or explanation exists and where I can find it, please? Thank you, Olga Editors Note: From […]

Need for EWS1 on low rise apartment?

18th February 2021

My daughter is trying to arrange a buy to let mortgage on a ground floor apartment she has recently inherited. The apartment has been let and my daughter needs the money out of the apartment to use as a deposit on a new family home. The apartment is ground floor in a modern 3 storey […]

Money not spent on Green Homes Grant scheme will not be rolled over

18th February 2021

Responding to concerns raised by the Environmental Audit Select Committee today that money not spent on the Government’s Green Homes Grant scheme will not be rolled over to next year, Meera Chindooroy, Deputy Policy Director for the National Residential Landlords Association said: “Our own survey data shows that 43% of landlords are interested in applying […]