Page 445 – Property118

Review Hearings are adding a further delay to evictions!

30th November 2020

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 […]

Calculating income for CGT mid-year?

30th November 2020

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 […]

Close-up detail of engraved eye from British currency representing financial focus and interest rate changes

PRA may look for Banks to increase Stress testing to 167% for Higher rate Landlords

30th November 2020

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 […]

Apparently the most homes created since 1987?

30th November 2020

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 […]

Evicting Tenants – Landlord Action

30th November 2020

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 […]

New HMO licence – Can Islington demand these conditions?

30th November 2020

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 Property Investors Awards is delighted to announce the winners for 2020

29th November 2020

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 […]

Property Investors Awards – Winners Announcement 2020

27th November 2020

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 […]

£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 […]