Page 441 – Property118

Residential tenancy taken out by my company director who has left?

10th December 2020

Hi there, I have a question regarding a rental lease taken out by my company naming me as the tenant. The particular director who authorised the lease has since resigned. The rent hasn’t been paid up to date and the Landlords want the house back. I received a letter saying we are squatting as the […]

Landlord out of pocket costs due to early termination?

10th December 2020

Who is liable for additional out-of-pocket costs due to early termination of a lease by the tenant? An AST Lease was renewed in November 2019 to end on a fixed date 31 January 2021. The tenants want to leave on 21 December 2020 and rent has been paid until 31 December 2020. Because no notice […]

The business evictions ban is extended until end March 2021

10th December 2020

The Communities Secretary, Robert Jenrick, announced business owners affected by the pandemic will be protected from eviction until the end of March 2021. This final extension to protections from the threat of eviction will give landlords and tenants 3 months to come to an agreement on unpaid rent. The government is clear that where businesses […]

How to Rent guide updated by MHCLG

10th December 2020

The Ministry of Housing, Communities and Local Government has today (10/12/2020) updated the How to Rent guide: Click here to download. The statutory requirement is for a tenant to be provided with the version of the guide current at the time of the new tenancy and failure to serve the most up to date guide […]

Covid-19 will redraw the UK rental map

10th December 2020

As the government prepares to roll out the first coronavirus vaccines, much of the nation will be anticipating a return to a more ‘normal’ life in 2021, but for London’s housing market there may be no going back to normal. New research from flatshare site SpareRoom shows that 49% of London’s renters who intend to […]

Six key calls for parties standing in the 2021 Welsh Parliament elections

10th December 2020

the National Residential Landlords Association (NRLA) Wales have released their manifesto for the forthcoming election, explaining that only when the private rented sector (PRS) is regarded as part of the solution to the housing crisis can landlords and tenants prosper. The representative body has six key calls for parties standing in the 2021 Welsh Parliament […]

Havering Council extends Licensing and Landlord Fines Money Machine

9th December 2020

Havering Council has agreed to the extension of its landlord licensing gravy train. The current scheme was launched in March 2018 and has bagged the council the best part of a £million with £417,500 in financial penalty fines, and £350,000 from 314 HMO licences issued to landlords and paid for by increased tenant rents. Announced […]

How long do I need to live in the property to avoid CGT?

9th December 2020

I wanted to ask if I sell my main residence and move into my only buy-to-let property thus making it my main residence which I will live in, changing bank account, credit cards, register to vote at the address etc. How many years will I need to live in the property before selling to avoid […]

Who regulates charity housing?

9th December 2020

Hi, I am trying to find out who regulates housing by a charity in an HMO classed as supported living. The tenants have a licence, not a tenancy agreement, but it says it’s excluded from the prevention of eviction. Does anyone know anything that can help me please? Many thanks Michelle

Proposed Fair Rents Bill could lead to more frequent rent increases

9th December 2020

Tenants could be subjected to higher and more frequent rent rises if the Fair Rents Bill is passed through the Scottish Parliament as planned. In its response to the Call for Evidence on the Bill, which is calling for a rent cap on private rented properties in Scotland, Scottish Land & Estates (SLE) has said […]

Tenants liable to pay Stamp Duty?

8th December 2020

Stamp Duty Land Tax (SDLT) is normally directly associated with purchasing a property or land rather than with our renting tenants, but it may come as a surprise to know that certain long term renters have had to pay 1% SDLT. Since December 2003 residential tenancies have the potential to be liable for SDLT and […]

Tracking an Errant owner/Landlord?

8th December 2020

The tenant has complained of mice in the property – and she knows for sure they are coming from the adjoining house as a previous tenant of the neighbouring house left for that exact reason! The house in question is an HMO now with people coming and going all the time according to my tenant. […]

Power of attorney query for bother in Australia?

8th December 2020

I jointly own a commercial property with my brother and sister. My brother lives in Australia. I would like to know what is the easiest and cheapest way of me signing legal documents on behalf of my brother for the property please? This would be mostly for the granting of leases, but also any other […]

Join me this evening – 9th December 2020

7th December 2020

I am really pleased to be part of something very exciting this evening (9th December 2020). Simon Zutshi, the founder of property investors network (pin), has invited me and four other industry experts to join him for the first-ever National pin Meeting! There are no local pin Meetings held in December, however, with all the […]

BTL Personal vs Ltd Company – Which way to jump?

7th December 2020

Hello, I have a question re Section 24 BTL on personal vs Ltd Co. Having been a landlord for nearly 10 years now, I understand the practical tax issues that come with section 24 changes and I completely agree with Mark & Mark’s smart company structure in the long term. This would also imply that […]

All was going smoothly until stepmother became a tax payer in France?

7th December 2020

Hi, I have a flat that I live in with my young daughter. I originally bought it with a partner and we split. His name was removed from the mortgage and my father was going to guarantor, but he was deemed to old so my stepmother added her name to my mortgage. She has made […]

Stamp Duty holiday cliff edge – “I understand concerns”

7th December 2020

Over the past few months, The Guild of Property Professionals along with other industry bodies have been lobbying the Government to extend the Stamp Duty Holiday on behalf of both consumers and the property sector. Along with a letter sent to Government with the backing of several industries bodies and major players in the industry, […]

Stamp duty – I do object paying tax that I am not obliged to?

7th December 2020

Can anyone help me out with a Stamp Duty question? I have spoken to mortgage advisors, solicitors and the HMRC and seem to get a different answer every time. Obviously, no one likes paying extra taxes, but it just seems so bloody complicated and I do object paying tax that I am not obliged to. […]

Is the court inventing requirements?

7th December 2020

I started a Section 21 process last February and I recently asked my solicitor if he had got a possession order from the Court. This was his reply: “Put simply, I think the court have made a right hash of this case in that they seem to have invented the requirement for us to serve […]

Halifax House Price Index showing strong growth

7th December 2020

The Halifax House Price index has just been released for November and it is showing strong growth both month on month at + 1.2% and annually at + 7.6% (the largest growth since June 2016). The average house price in the UK now stands at £253,243. In the latest quarter (September to November) house prices […]

Government Announces that XMAS Comes Early For Property Investors & Developers

4th December 2020

Property investors and developers have been waiting for the Government to announce the NEW Permitted Development Rights for repurposing commercial buildings for residential use. IT’S HERE! The Government have issued a consultation document and are looking to bring in these new permitted development rights early next year. These new rights are far better than anyone […]