Page 433 – Property118

32% of PRS stock built before 1919

24th February 2021

The NRLA says the tax system is in urgent need of reform to support energy improvements to rented housing. It comes as MPs on the Environmental Audit Committee last week concluded that the delivery of the Government’s flagship Green Homes Grant scheme has been “poor”. It noted that the eligibility criteria for the scheme: “prevented […]

Cladding and owners liquidation?

23rd February 2021

A very nice apartment block in one of Surrey’s towns is owned by O&H Ltd. They have applied for administration in June 2020, but not much has been passed onto flat’s leaseholders. However, it looks that the things are going to move. The main problem of that block is, although it is not high rise […]

Selling BTL – Notice period required during Covid?

23rd February 2021

Due to section 24 and being a higher rate taxpayer I am looking to sell one of my BTL houses in Oxfordshire and require some advice regarding the minimum notice period required for the tenants to vacate. The 1 year AST tenancy ends on April 1st 2021 and then goes onto a periodic tenancy with […]

Is the Council being reasonable with enforcement notice?

23rd February 2021

I need urgent advice on the following; I have had tenants in the flat below since August 2018 where I have been served the following enforcement letter from an enforcement officer. The tenants have continuously been complaining about things in the flat all of which have been dealt with. When the property was first rented […]

Property tax relief restrictions on personal remortgage?

23rd February 2021

Hello Everyone, Can anyone clarify the following. Is tax relief on mortgage interest for personal remortgage funds available if : 1. Funds are withdrawn for personal use and not reinvested? 2. Remortgage funds are reinvested, but exceed the purchase price of the properties? The problem of 2. is an established portfolio of long-standing giving large […]

Possession Order gained but problems persist!

23rd February 2021

After a lengthy wait to gain possession through the courts from a tenant who has not paid rent since February 2020 we finally succeeded in gaining a Possession Order on 29th Jan 2021. The arrears are significant at over £15,000 and we had hoped to be able to get moving, clear up the place and […]

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

Deposit found not deposited in 2010?

23rd February 2021

A long story that involves taking over a property by default, and after some triple checking, I’ve just found out that a deposit a tenant paid in 2010 was not deposited in a scheme at the time (were they even around then?) What’s the best approach now – 1. leave the status quo, ignore it […]

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 […]