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 […]

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 […]

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, […]

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. […]

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 […]

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 […]

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 […]

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 […]