Page 441 – Property118

Nationwide House Price Index ends year up 7.3%

31st December 2020

The Nationwide House Price index for December 2020 is indicating UK price inflation of 7.3% for the year and 0.8% for the month with the average house price now standing at £230,920. All areas of the UK saw a pickup in house price growth rates in quarter 4, with East Midlands the strongest region. Commenting […]

Investor or Developer – How would HMRC treat me?

31st December 2020

I have the opportunity to invest in a small local development of 4/5 barn conversions, either as, purely an investor, or possibly as a director of the company (which will be set up solely for this particular development). I have a small income from property, so I’m a lower rate taxpayer. My question is, how […]

NDR – Council is wrong?

30th December 2020

I have a tiny shop with ratings on VOA site showing as follows:- April 2010 – Jan 2014 £2,600 Oct 2013 – 17 March 2014 £0 April 2017 – present £1,650 The assumption by the owner that on purchase in non-business rates applicable as well under the £12,00 rateable value. No action taken. Bills then […]

Property Market Outlook For 2021

30th December 2020

So what’s in store for property investors in 2021? In this video, I am joined by property entrepreneur Andrew Roberts as we take you through the threats, risks and opportunities for property investors in 2021. Please click on the video below. 

Difficulties with national agent paying across 6 months upfront rent?

30th December 2020

Wm. H. Brown let a property for us on 10th December with 6 months upfront payment of rent. We chased them to pay this across to us before Christmas and were assured we would receive it by 22nd, or the very latest by 23rd December. It was not paid, and I called accounts at head […]

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Rent repayment order VS Rent Arrears?

30th December 2020

I rented my 2-bed property to a company as a corporate let from June 2018 for 18 months fixed with permitted occupier stated as ‘ a client of the tenant or their immediate family’ with a max limit of 5 persons which continued as a periodic tenancy. The property was vacated in September 2020 after […]

Mould with a Covid Twist?

30th December 2020

I have tenants who have both been furloughed. One of the neighbours inquired if there was a leak in my flat as the internal glass door was streaming with condensation (this is an internal door leading to a small hall then another internal door) I suspected that the tenants had not been heating enough and […]

Buying a new and selling existing main residence to ltd company?

30th December 2020

Hello everyone, I am in the process of purchasing a new residential property and transferring my current residential property to my LTD company. Will I be liable to pay stamp duty on my current property as well as the new residential purchase? I was informed that I can claim a stamp duty exemption on my […]

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 […]

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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 […]

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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 […]