Page 443 – Property118

£10 billion for more homes, end rough sleeping and communities

27th November 2020

A package to build more homes, end rough sleeping and support and level up communities across England  has been welcomed by Secretary of State Robert Jenrick today. The measures were unveiled by the Chancellor as part of yesterday’s Spending Review. The Spending Review underlines the government’s immediate priority of protecting people’s lives and livelihoods as […]

Ask three months rolling rent in advance?

27th November 2020

After the tenant fee ban, can landlords now ask for three months rolling rent in advance rather than normal one month in advance? This is not the case where the tenant pays rent every 3 months, but is that the tenant pays three months rent at the start of the tenancy and then keeps paying […]

Section 21 review and application for a judgement in default?

27th November 2020

Hello all,  I’ve got an upcoming section 21 review very soon. The time limits for defence have elapsed so at what point can I apply for a judgement in default? The reason for this question is that as far as I’ve understood it the review is for the judge to make sure all paperwork is […]

Compliance Conundrum when tenant won’t leave?

26th November 2020

We purchased a converted property at auction 15 years ago. One flat was occupied with a tenant on an AST, and a low rent. The property was barely habitable then, and we assumed the tenant would move on, and we could refurbish. That has not happened. The property has solid walls with no insulation, no […]

Flat owner not paying for agreed roof works?

26th November 2020

We look after a block of flats where roof works have been carried out. Each flat owner acknowledged the work should be done and now it has been completed 7 of the owners have paid their share but one says he can’t afford to pay the shared costs due to Lockdown. The contract with the […]

Why are Housing Associtions not required to follow the same rules as the PRS?

26th November 2020

Please take a look at this article in the Huffington Post (click here) “A housing association has repaid tens of thousands of pounds to a Black woman whose rent was higher than her white neighbour’s – in an identical house. “Sanctuary refunded Selma Nicholls £30,000 after the overcharge left her struggling to make ends meet […]

Suspicious Letting Agent?

26th November 2020

I am not impressed with the Letting Agent that I use and I have made complaints that have not been addressed and I feel like I’m getting nowhere fast. Legislation states they have to be registered with one of two compulsory redress schemes. The company is not listed under The Property Ombudsman nor the Property […]

Why The Housing Market Will Not Crash In 2021

26th November 2020

Contrary to what many doom and gloom merchants are saying, the UK housing market WILL NOT crash in 2021. In this video, I share eight reasons why UK property prices will not crash in 2021, three types of property to avoid like the plague and a four-step action plan to profit from opportunities. 0:00 | […]

Chancellor cuts housing support

25th November 2020

The NRLA has criticised the Chancellor, Rishi Sunak, for cutting the amount tenants relying on benefits will be able to claim to pay their rent. According to a report by the Office for Budget Responsibility published alongside the Spending Review today the Local Housing Allowance will be frozen in cash terms from next year. This […]

The housing sector is a bellwether of confidence in our wider economy

25th November 2020

The Minister of State for Housing Christopher Pincher has given a speech at the Savills Annual Housing Seminar outlining the government’s strategy for housing and re-confirming how important the housing market is to the general health of the economy. He also acknowledges how the housing market is at the sharp end of changes to the […]

Government being extensively lobbied to extend Stamp Duty Holiday

25th November 2020

The Government is being lobbied from all quarters of the property industry from Conveyancing, Surveying, Agent and Landlord groups to extend the Stamp Duty holiday and help unplug the logjam of housing transactions that are trying to complete before the holiday at the end of March ends. A letter was sent to the Government with […]

Deposit scheme £ mistake?

24th November 2020

I have a property that was let in 2009 via an agent. The agent gave me the deposit and the 1st month’s rent.  I didn’t know that the deposit should have been protected in an account at the time. Then in 2015 the agent said that he will deposit £675 in a government scheme. The […]

Claiming possession of a part of my garden leased from the council?

24th November 2020

I moved into the end terrace property 20 years ago and part of the garden to the side and rear of the house was leased from the council. Approximately a year after I moved in the lease expired on the part of the garden and the council wrote and offered me the opportunity to purchase. […]

Pets can keep landlords and tenants happy during Lockdowns

24th November 2020

The Deposit Protection Service (The DPS) has issued new guidance on domestic animals in rented properties following the surge in pet ownership during lockdown. According to the Kennel Club, two out of five new puppy owners this summer bought their pet as a ‘Covid companion’, and two thirds of new dog owners agreed their pet […]

What is York Famous for? Facts About York

24th November 2020

York is one of the UK’s oldest cities, rich with history and culture. It is popular with tourists and residents alike who enjoy exploring its cobbled streets and independent shops York is a medieval city located in North Yorkshire, UK. Its architecture and atmosphere are in many ways like its southern counterpart, Bath. Both cities […]

EICR – Consumer Unit installed by unqualified electrician?

24th November 2020

I hired an electrician to do an EICR who found the Consumer Unit needed to be replaced. I then gave the job to him to complete. However, after the job was completed, it turned out he isn’t qualified to register the installation with Building Control at the local council, so called Part P Certificate (Building […]

Tax implication for taking and paying back mortgage payment holiday

24th November 2020

Having taken 3 months mortgage payment holiday, I now would like to pay back those 3 months interest payments that I deferred. However, the tax implication seems tricky: 1. The reduction of 3 months interest would reduce taxable outgoings, therefore increase taxable income for this tax year? 2. Then if I payback the 3 moths […]

Non-resident Landlord scheme and 6 months rule?

23rd November 2020

Hi everyone. I’ve been reading some conflicting advice about people who have lodgers and go away for a few months (fixed-term stay somewhere say for a summer job, less than a year, definitely not “moved out”, all belongings still in main home and room kept free). Some people say it’s fine and that the six-month […]

Spain has abandoned any pretence of respecting private property rights

23rd November 2020

Recently I have been getting to know some landlords in Spain. I think it’s good for us to network with others – to support each other if nothing else. The Spanish landlords have been explaining to me quite how bad it is for them now. They have a huge problem – an epidemic of squatting […]

The BRRRR Method

20th November 2020

The BRRRR Method to successful property portfolio building is much talked about. BRRRR stands for Buy, Refurbish, Rent, Refinance & Repeat. The BRRRR strategy is how most successful property investors have built sizable portfolios. In this video I break down the BRRRR property investing method and how to successfully apply it in 2021.