I owned 2 properties – 1 that I rented out, and lived in my other property as my main residence. I sold my main residence on 29th May 2019, bought 2 more BTL properties and I am living in a static caravan. I’m thinking about buying a new main residence, but I don’t think it’s […]

The number of payment deferrals across mortgages and consumer credit reduced in recent weeks as more customers returned to making repayments or sought alternative forms of tailored support from their lender, according to the latest figures published by UK Finance. With continued economic uncertainty ahead, lenders are committed to providing help to those whose finances have been affected as a result of the pandemic, through payment deferrals and tailored support, as appropriate to […]

The Ministry of Housing, Communities and Local Government has launched an open consultation seeking views on proposed measures to support housing delivery, economic recovery, and public service infrastructure in England. Click here to download the full proposal This technical consultation seeks views on a proposed new permitted development right for the change of use from […]

I hired an electrician for an EICR, which he failed and said it needed a new consumer unit to pass EICR, which I agreed, and he completed the job and issued a “satisfactory” EICR. It only raised my suspicions after I subsequently gave him EICR for two more properties (almost new build), which he failed […]

The Energy Efficiency (PRS) Regulations which were to be enacted this year are now to be introduced next year with the Min EPC rating being Band D w.e.f. 01 Apr 2022 on new leases and by 31 Mar 2025 for existing leases. This skips the previous Min Band E which was to take effect in […]

A petition to extend the Stamp Duty Holiday for an additional 6 months after 31st March 2021 has now reached the 10,000 signature threshold where the government must officially respond. This response is expected in the next 3 days. The Chancellor Rishi Sunak has been under pressures from all sides of the Housing Market to […]

I am reaching out for some advice from the wise members of this forum. A property I own is a residential property let to a company. The tenancy agreement is up for renewal imminently, but the tenant won’t sign another one until AFTER the imminent renewal date. It’s probably not necessary here to have to […]

The latest research, GetAgent.co.uk, has revealed that the time it’s taking to sell a property across Britain has increased by 12 days so far in 2020. However, in some parts of Britain, this increase is far higher. GetAgent.co.uk pulls data from all of the major portals which they then cross-reference with the Land Registry, using […]

Research by estate agent, Barrows and Forrester, has revealed the average cost of buying a home across the current Covid tier rankings.  The government revealed which tiers each part of England would be placed in at the back end of last week, with a fortnightly review in place. Barrows and Forrester analysed property prices across […]

Private landlords are calling on the Government to establish a new landlord and tenant conciliation service as part of its planned changes to the private rented sector. The call, being made by the National Residential Landlords Association, comes as it publishes its proposals for the Renters’ Reform Bill. With the Government committed to abolishing section […]

I am in the process of leasing my property with a Housing Association (HA) who will be using it as a 6 x single person HMO. I have lots of questions! Do they themselves have a regulatory body that oversee them? Would the contract with them be also subject to the 5 week only deposit […]

I am the freeholder of a flat and there is one leaseholder. The leaseholder wants to extend the lease. The ground rent increases every 30 years by £50 and the increase is not due for another 10 years. Will the increasing ground rent clause in the lease further increase the valuation of the lease or […]

The Nationwide House Price Index for November is reporting annual growth rising to 6.5%, the highest rate since Jan 2015 and up 0.9% month-on-month, after taking account of seasonal factors. The latest average house price for the UK now stands at £229,721. Robert Gardner, Nationwide’s Chief Economist, said: “Annual house price growth accelerated from 5.8%in […]

In addition to the temporary ban on evictions implemented to help sustain tenancies and prevent homelessness during the COVID-19 pandemic, since re-opening, the courts have now introduced Review Hearings. The reason given for this is to enable them to prioritise the most urgent eviction cases. Landlord Action has set up a team to handle the […]

I am about to sell a rental property which will generate a capital gain which I will need to pay within 30 days. Can anyone advise me how to calculate my income from the property so that I can calculate what I owe bearing in mind that there are 4 months before the end of […]

The PRA has highlighted to lenders that section 24 rental income tax changes have made BTL investments more expensive for high rate taxpayers and lenders are not fully accounting for this when assessing affordability. Banks routinely look for a minimum stress testing or Interest Cover Rate (ICR) of 125% calculated against monthly interest at a […]

Official statistics show more homes were delivered last year than in any year since 1987, making this the 7th year in a row the number of homes delivered has increased. The new figures show 243,770 homes were delivered from 2019 to 2020. The development of new build homes has contributed significantly to this number accounting […]

Personalised Professional Advice on Evicting Tenants available from Landlord Action The risks associated with illegal eviction missed rent payments and possible damage to your property if tenant eviction is badly handled are significantly reduced by paying for professional advice or services. More advice is available from our main sponsors Landlord Action who provide a variety […]

I recently discovered that my council (Islington) now require my family home (previously classified as an unlicensed HMO as it has 4 young professionals renting it under one tenancy agreement) to be licensed. After a huge payment to apply for a licence online, and then a second huge payment is taken, I receive an email […]

The celebrations usually involve holding a glittering evening of fine dining and entertainment to announce the winners. Although a very different way of celebrating this year, it is even more important to ensure we continue to celebrate the very best of the property investment sector. On Saturday 28th November, a total of eleven deserving winners […]

Now celebrating its 10th year, the Property Investors Awards 2020 is taking place online. This year’s award winners will be announced as a ‘premiere’ on Youtube, Saturday 28th Nov at 7 pm. The ceremony is hosted by Ranjan Bhattacharya and Cyril Thomas who will reveal this years property investor award winners across 11 categories. SASS […]