Page 438 – Property118

Inclusive heating and hot water not working?

22nd January 2021

I have a few flats in a building that has a communal heating and hot water system – sadly this doesn’t always work. There are major works being done to the block and this has included re-piping the whole building (disaster) new boilers coming up (should have been done 2 years ago) and now the […]

New 2025 green targets for homes

21st January 2021

All homes and businesses will have to meet rigorous new energy efficiency standards to lower energy consumption and bills, helping to protect the environment, the Housing Minister Chris Pincher has announced. Responding to a consultation on the Future Homes Standard, the government has set out plans to radically improve the energy performance of new homes, […]

Approached by a Social Housing Provider?

21st January 2021

I have been approached by a Social Housing Provider to use my property as a domestic violence/women’s refuge now it has become completely vacant. They offer their clients licences as opposed to as AST. I am assuming they also are exempt (and therefore I do not need to apply for ) an HMO licence? They […]

DPS – Refund during lockdown?

21st January 2021

Unfortunately, my tenants have moved out without giving notice. I have reason to believe they have returned to Romania. I had all sorts of problems with utilities etc. and had to get cleaners; decorator; carpets cleaned etc. I am trying to get the deposit returned from the DPS, but I have to fill out a […]

Are you a Mortgage Prisoner?

20th January 2021

A Mortgage Prisoner is someone who cannot switch to another product or to a new lender for their residential mortgage, despite being up to date with their payments. They could be stuck with a lender exploiting them with a high interest rate and not allowing them to take up more advantageous rates. This may be […]

Capitol Riot Suspects Self-Incriminate Just Like Landlords Do Every Day

20th January 2021

Many of the insurrectionists who marched on the UA Capitol building on Jan 6th and violently forced their way into the building stupidly live-streamed their activities or boasted about them via social media. So far, those self-identifying actions have helped law enforcement authorities identify some individuals charged Law enforcement agencies have appealed for information regarding […]

Deciding the way forward for my exit?

20th January 2021

Hi, Having been a landlord for nearly 30 years I have a dilemma in deciding my best exit plan. I have a portfolio of 10 properties (2 houses and 8 flats). They are all interest-only mortgages but on good terms. The portfolio is straightforward enough to run and I self-manage and work hard to have […]

Death of a separated joint tenant during pandemic?

20th January 2021

Hello All, The rented property was originally let around five years ago to a married couple – great tenants and never had any issues with them. During mid-2020, their relationship broke down and the husband left the matrimonial home. Both tenants worked full time and as such, the wife (together with her young children) was […]

BTL product options return to the market

20th January 2021

Despite the ongoing and undeniable impact of the Coronavirus pandemic, the latest research from Moneyfacts.co.uk demonstrates that landlords may have cause to remain positive as options return to the market. Despite a small reduction of 27 products since the start of this month, at 1,976, overall buy-to-let (BTL) product availability is still at the highest […]

Right to Regenerate consultation

19th January 2021

The public will be able to convert vacant plots of land and derelict buildings into new homes or community spaces, under plans announced by the Housing Secretary, Robert Jenrick. The ‘Right to Regenerate’ proposals would make it easier to challenge councils and other public organisations to release land for redevelopment – helping communities make better […]

Can a new HMO tenant be asked to take Covid test?

19th January 2021

I have just found a new tenant for a room in an HMO. The existing housemates have had a video call with him and are happy to have him as a housemate, but have said they would like him to have a Covid test. I can’t find anything in the Government guidelines to require this. […]

‘Breathing Space’ initiative – Beware?

19th January 2021

The NRLA has just sent details out about a new initiative for tenant debt management. Coming into force from May 4 2021, the Debt Respite Scheme (Breathing Space) allows people in England and Wales with unsustainable debts to arrange to enter a ‘breathing space’. Once someone enters a breathing space their creditors are not allowed […]

5 Tenant Tricks to throw out a Section 21 notice

19th January 2021

Landlords need to be in no doubt that tenants are being educed by councils, shelter, a wide range of no-win, no-fee ambulance chasers and now tenants unions too. Tenants are not only shown the ‘tricks and hacks’ they can use to stop you being able to gain possession (no matter how much they haven’t paid […]

Taken to Court by no win no fee solicitor?

18th January 2021

My tenant complained of mould, but would not let me or my workers into the property. He then said he had decorated (he hadn’t) and no more mention of mould. He was clearly causing this by various things he was doing including a tumble dryer with no outlet and a paraffin heater. I served an […]

We rented a property to 2 friends of ours who were in dire straits?

18th January 2021

We have rented a property to 2 friends of ours who were in dire straits. They partially renovated a house we own, and moved in before it was finished. There are electrics. Doors and a bannister which needs finishing. They have 3 children but asked to move in early. We did not take a deposit […]

Swirling smoke against a dark background, symbolizing fire safety concerns in housing.

EICR report – fail (C2) smoke alarms expired?

18th January 2021

A recent EICR report has been returned with a FAIL on a C2, where the mains powered smoke detectors are 10 years old and classed as out of date. All are working correctly with no faults. Where does it state in regulations that this is a FAIL and not an C3 recommended to replace? I’ve […]

Breathing Space for tenants?

18th January 2021

This needs a broader audience for sure. The stand out ‘features’ of this draft legislation are that it doesn’t include secured debt (well of course it wouldn’t) and they’re obviously expecting the mental health orders to go on for lengthy periods (which they quite easily could) as the legislation allows for review…every FIVE years! This […]

41,700 buy-to-let Limited companies formed in 2020

18th January 2021

Research by Hamptons Countrywide has revealed that 41,700 buy-to-let Limited Companies were formed last year, which is a new record. In fact, the only category of Limited Company formations to beat this number was online shopping stores. Property118 has yet to check and confirm these numbers, but it should be relatively straightforward to do via […]

Russian Speaking UK Landlord Tax Planning Consultant

15th January 2021

Property118 is delighted to congratulate Gular Nuriyeva on her recent promotion within our tax team, having previously worked as an Executive Assistant to Nicky Kita who will continue to supervise her work. Gular was born in a former Soviet Union country, now the Republic of Azerbaijan, in 1983 and also speaks fluent Azerbaijani, English and […]

Develop with Cash or Mortgage (Stress test)?

15th January 2021

Hi all. I have developed property in the past and want to return to the profession as my full-time job. I am stuck on whether to sell my current BTL and start developing small with zero debt OR raise as much money as I can ie. mortgage myself up to the eyeballs = stress. Personally, […]

Tenant Reference Requested?

15th January 2021

After a number of years letting out my house, I have just had to supply a landlord reference for the tenant for her new property. The company advert states “delivers high-quality services to letting agents helping them win clients, protect their landlords, provide a great service to tenants and grow their business.” I was actually […]