Page 450 – Property118

More flexibility to student rental agreement?

30th October 2020

With COVID-19 still in front of mind there is uncertainty over whether students will return to university or learn remotely from home after Christmas. Students are now asking for more flexible lease arrangements with a 6 month option, for example, rather than running the full 12 months. My question is how straightforward is it to […]

5.8% annual house price growth at 5 year high

30th October 2020

The Nationwide House Price index just released for October is showing annual house price growth rising to 5.8%, the highest rate since January 2015. House prices on a month-on-month basis, after taking account of seasonal factors are up 0.8%. Robert Gardner, Nationwide’s Chief Economist, said: “Annual house price growth rose to 5.8%in October–its highest level […]

Gas Safety Certificate Failed by Boiler flue not sealed?

29th October 2020

I have just received a failed gas safety certificate due to the reason of “Boiler flue not sealed”, for a property with new boiler installed exactly two years ago. The strange thing is that for the past two years the gas safety certificates were all well and good, without anything changed. What’s my best action […]

Giving Tenants Notice versus Eviction during Covid-19 restrictions?

29th October 2020

So what is the difference with a rolling shorthold tenancy with a two month notice period, versus seeking an eviction notice? Do I still have to give my tenant six months notice when I wish to end their periodic tenancy with a two month notice clause? The Welsh Assembly states evictions cannot be started without […]

EPC renewal for HMO run by a Social Housing provider?

29th October 2020

The EPC is due to expire on a property that we let to a Social Housing provider on the basis of a whole property let. It is up to them how they let the rooms accordingly. The question is do we need to have another EPC conducted on the property now as it has expired, […]

Government’s approach is almost certainly unlawful

29th October 2020

Evidence is emerging that County Court Bailiffs and High Court Sheriffs (HCEOs) are declining to enforce warrants and writs of possession. Guidance has apparently come from the Lord Chancellor to Bailiffs, and the High Court Enforcement Officers Association has also publicised a letter received from Robert Buckland, the Lord Chancellor, asking them not to enforce […]

Do I have to accept a Smart Meter?

28th October 2020

My new tenant wants to have a smart meter installed. I’m not so sure as they have been problematic and not always able to give accurate readings plus some suppliers don’t like taking on new customers with these. I would therefore prefer her not to. I understand that we can’t legally say no, but can […]

Rent to Rent furniture sale taxable?

28th October 2020

Hi everyone, I’ve had a Rent to Rent HMO in Liverpool since March 2013. I’m now passing it on to someone else, furnished, and tenanted, as I’ve had enough myself, but it is a good house. When I first got the house, I obviously furnished it from top to bottom, at a lot of expense […]

Rent Guarantee Insurance – is it worth it?

28th October 2020

I have a 2 bed house that I’ve just refurbed after a family did a lot of damage to it and ran up rent arrears. I’m now debating whether to holiday let it or family let again. However, I’m reluctant to family let again without rent guarantee insurance. I’ve never taken this out as I’m […]

Being a professional landlord during COVID – legal and compliance update webinar

28th October 2020

LandlordZONE and the NRLA are to jointly host a webinar on Tuesday 1st December that will give landlords an update on the Coronavirus emergency and its impact on the housing market and legislation. The Webinar will be hosted by Paul Shamplina Head of Property at Hamilton Fraser, Landlord Law and presenter of Channel 5’s ‘Nightmare […]

The National Landlord Investment online Super Show – Tuesday 3rd November

28th October 2020

The National Landlord Investment team to host their online Super Show, Tuesday 3rd November with over 1200 minutes of free content! Join the team and over 40 expert speakers and connect with 50+ exhibitors online. Click Here The team delivered their first online event on 8th October which covered the Midlands and Manchester areas. The […]

Deposit not protected and solicitor demanding six times deposit repayment?

28th October 2020

A tenancy started 7th September 2018, becoming a periodic tenancy on 7th March 2019. I did not protect the deposit until 14th October 2019, and understand I am liable for a fine. I’ve done wrong, I accept that, so no need to lambaste me over it. The couple separated and the deposit was returned to […]

Sell my Main Residence to my Property Ltd Co and lease it back to myself?

28th October 2020

I am interested in investigating the advantages/disadvantages of selling my main residence to my Property Limited Company and then leasing the property back to myself (possibly on a Opco/Propco type of arrangement). My residential property is probably worth around £850k with a outstanding mortgage of £180k and the registered address of my Property Limited Company […]

We are now in a completely different operating environment

28th October 2020

In the past, if someone was in a reasonable job, I was willing to risk taking them on without a guarantor. In fact, it seemed rude to ask a professional in their 30s or 40s for one. The worst thing that could happen would be me losing about 6 months rent – which I may […]

Are These Auction Property Deals Worth it?

27th October 2020

In this video we have a property auction review of some of the best property investment deals coming at auctions Allsop, Acuitus Auction House and Auction House London by myself, Rod Turner, Jay Howard and Piotr Rusinek. In this episode, we review four forthcoming auction lots from Auction House London, Savills, Allsop Auction, & Acuitus. […]

New 30 day CGT reporting and split commercial/residential property?

27th October 2020

Can anyone clarify the new rules? UK residents must now declare any Capital Gains due on a residential property within 30 days of completion. According to the HMRC website, the rules do not apply to Commercial property. My solicitor has said that if any part of a property is rated Commercial then the whole property […]

Guidance to help prevent care leavers becoming homeless

27th October 2020

New guidance for councils to help ensure care leavers have the stable homes they need and prevent them from becoming homeless has been published by Minister for Rough Sleeping and Housing Kelly Tolhurst. Care leavers can often struggle to cope with the challenges of living independently at a young age without a family network, and […]

How do I transfer ownership of my rental house into my wife’s name?

27th October 2020

I own a rental property which is now mortgage free. I would like to find out the easiest way to transfer ownership to my wife as she is a low rate taxpayer and I am not. Do I need to instruct and pay a conveyancer, or can I do it all myself? I’ve noticed there’s […]

Potential Commission Dispute?

27th October 2020

I am seeking some views as to whether I am likely to end up with a commission dispute when selling my house. The circumstances are that I had my house marketed on a sole agency agreement with an estate agent from January to June. There was some interest, but no sale agreed. I then marketed […]

Office for Budget Responsibility, Savills and Knight Frank forecast growth into 2024

27th October 2020

A recent market forecast by a wealth of industry experts, including the OBR (Office for Budget Responsibility), Savills, and Knight Frank, concluded that house price growth should increase by a further 14.5% across the UK by 2024. With a current average house price of £233,512, this 14.5% uplift would see a further £33,877 added to […]