Page 439 – Property118

Property turned out to be a Granny Flat?

29th December 2020

This is a long story I will cut very short. We had an offer accepted on a house we wanted to buy, we knew the people, not overly well, but enough to trust them. We had a lot of issues from the start of Feb 2020, things were not progressing (due to covid). We ended […]

Potential Purchase Cesspit Nightmare?

29th December 2020

Should I consider buying a property that has a communal cess-pit in/on its land despite the fact that the property I am in the process of buying no longer uses the cess-pit as it was put onto Mains Drainage and Sewerage about 10 years ago? The covenants on all the properties say that each property […]

How best to trace a tenant?

29th December 2020

A tenant recently left my rental property with no forwarding address. The keys have been returned and there is an outstanding debt and damage caused to the flat. Do any readers have recommendations for how best to trace the tenant to contact him and chase/register the debt against him he has left? Thank you in […]

Property investors Christmas message from the Palace

26th December 2020

Watch this special message exclusively for property investors this Christmas from Buckingham Palace. 2021 will be full of uncertainty, but this is the new norm. I share how you can learn to prosper through the uncertainty and make 2021 your best year ever.

Percentage of tenants in rent arrears dropped to 11.8% in November

23rd December 2020

The percentage of tenants in rent arrears decreased during October and November, according to research from PayProp. Payment data from also shows that the typical percentage of rent in arrears fell consistently from August to November.  However, with further COVID-19 restrictions across large parts of the country set to remain in place for the foreseeable […]

Damages is the top cause for deposit claims not rent arrears

23rd December 2020

According to The DPS just over half of the claims made by landlords against tenancy deposits in 2020 cited a need to clean or make repairs to the property or its contents, Costs for damage made up 27% of claims, while cleaning was cited in 25% and Rent arrears 8%. Outstanding bills was just 2%, […]

Is Buy To Let Worth The Effort In 2021?

22nd December 2020

Is Buy To Let still worth the effort in 2021? Property investors have faced many challenges in 2020 which have left some investors questioning whether residential buy to let is still worth the effort. Well, it’s a question that doesn’t have a one size fits all answer. In this video, I set out whether buy […]

Red question mark standing out among a pile of grey question marks, symbolizing clarity of purpose.

What’s good and which ones to avoid?

22nd December 2020

Rather than trawling through Google play store and reading countless reviews on apps that assist with midterm inspections, I thought it would be more beneficial to learn about them first hand from other landlords and property managers who may have experiences with them. I guess what I’m looking for is an app that can capture […]

EICRs – should appliances be included?

22nd December 2020

Under the Regulations a landlord must ensure every electrical installation in the residential premises is inspected and tested at regular intervals by a qualified person “electrical installation” has the meaning given in regulation 2(1) of the Building Regulations2010(4); which says: “electrical installation” means fixed electrical cables or fixed electrical equipment located on the consumer’s side […]

GOV.UK crown logo representing UK government consultation on EPC reforms

Housing market still open even in Tier 4

22nd December 2020

The housing market in England will remain open in all 4 tiers. This means that people looking to move home will be able to both continue with planned moves and view new properties to move into in the future. Estate and lettings agents, removers, valuers and people in sales and lettings offices and show homes […]

Mickey and Minnie have moved in?

22nd December 2020

A tenant has contacted me to say she can hear mice under the floorboards upstairs. She knows for sure that they have them next door, as she knows one of the occupants, and she said they were rife, but although she has reported them to her LL nothing has been done. This neighbouring lady moved […]

Banning repossessions does nothing to keep tenants in their homes long term

22nd December 2020

Over 800,000 private renters in England and Wales have built rent arrears since lockdown measures began according to new research published today. A survey of tenants for the National Residential Landlords Association by the research consultancy, Dynata, suggests that 7% of private renters have built arrears due to Covid. Applied across the sector that would […]

2nd home Stamp Duty Surcharged increased 1% overnight in Wales

21st December 2020

In the draft budget, on 21 December 2020, the Welsh Government announced changes to the higher residential rates, and non-residential rates and bands, of Land Transaction Tax (LTT). The higher residential rates of LTT will increase by 1% across all bands on 22 December 2020. If you complete on buying a property: before 22 December […]

A Rollercoaster year

21st December 2020

Hometrack have released their latest House Price Index confirming their latest data for November indicating it has been a rollercoaster of a year with demand set to be up 33% compared to December 2019. Click here The Pandemic has driven demand for space and quality of location, with 40% more buyers across the whole of […]

Councils to receive £47 million increase to tackle homelessness

21st December 2020

Councils will receive additional government support to prevent vulnerable people from becoming homeless. £310 million will be targeted at areas with high numbers of homeless people, those at risk of homelessness, or those living in temporary accommodation helping them to rebuild their lives. The funding represents a £47 million increase on this year and can be used to offer financial support for people to find a […]

Rent to Rent Contracts – lots of questions?

21st December 2020

Do I need to protect a deposit via a protection scheme if received from a company for the lease of my house to them, if it is a commercial let and therefore NOT an AST? Is it best to contract out of the L & T Act 1954 so they (the Company) have no automatic […]

High Court enforcement action against Liverpool City Council

18th December 2020

High Court enforcement action is currently underway against Liverpool City Council and enforcement officers entered the council’s Cunard building at 10am Friday morning with allegedly dozens and dozens of Writs to the tune of around £100k being executed for, what is believed to be, Data Protection/GDPR breaches against a landlord specifically in relation to the […]

Bank of England emblem symbolising decision to hold the Base Rate at 5%

MPC voted unanimously to maintain Bank Base Rate at 0.1%

18th December 2020

The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to maintain the Bank Base Rate at 0.1% and to commence the previously announced programme of £150 billion Quantitative Easing. The MPC’s projections assume that the pandemic would have a greater effect on consumer spending than projected in the August and that the UK would […]

£30m fund to end excessive waking watch costs for leaseholders in high-rise buildings

18th December 2020

The government has announced a £30 million fund to help end the scandal of excessive waking watch costs, as part of a further move to support thousands of residents in high-rise buildings. The new Waking Watch Relief Fund will pay for the installation of fire alarm systems in high-rise buildings with cladding, removing or reducing […]

Change to Uk Law for Serviced Accommodation?

18th December 2020

Hi everyone, I have a BTL apartment in Scotland and have been enquiring about changing our mortgage from BTL to Commercial/FHL so we can start letting it out as Serviced Accommodation. I am really struggling to get anyone to give me a quote for it as it’s my first time doing it, but also because […]