Page 461 – Property118

Rent Repayment Order Magic Money Tree is pretty much dead!

10th August 2020

“Rent Arrears must be accounted for BEFORE rent is eligible to be reclaimed under a Rent Repayment Order (RRO).” At a stroke, this Judgement of the First-Tier Tribunal (in a case defended by Des Taylor of Landlord Licensing and Defence) means that the no-win/no-fee become almost worthless for the lawyers, and far fewer Rent Repayment […]

Do Housing Associations take a cut somewhere?

10th August 2020

Does anyone know if and where a HA/Charity take a cut from payments when it comes to providing emergency/temporary accommodation? We have a 5-year deal with a HA & Charity for the whole house. Currently, it is split into 6 beds – all sharing bathroom and kitchen facilities. We get a set figure rent. If […]

Planning Reforms – Take first mover advantage

7th August 2020

New Government Planning Reform and Permitted Development (PD) rules have been introduced. The investors who get in quick will win a 1st movers advantage in the market. I will be hosting a FREE Online Masterclass on this very subject but places are going fast. Claim your free spot now with the link below! Free Online […]

Universal Credit logo representing UK welfare and housing payment system.

Report calls for reform of UC including direct payments to landlords

7th August 2020

Earlier this year, Caridon Landlord Solutions joined other industry experts in responding to the House of Lords Economic Affairs Committee’s inquiry into the economics of Universal Credit. Following this, a series of recommendations for an overhaul of Universal Credit have now been handed to the Department for Work and Pensions by the House of Lords […]

Mini-boom drives house prices up 1.6% in July

7th August 2020

The August Halifax House Price Index has just been released showing the results of the Stamp Duty holiday with a sharp increase pushing prices to their highest ever levels in July at an average house price of £241,604. The ‘mini-boom’ drove house prices up in July to 1.6% higher than in June, on a monthly […]

Properties selling for 95.8% of initial price expectation

6th August 2020

The latest data release from GetAgent.co.uk, has revealed how the property market in England and Wales has performed over the last year when it comes to the percentage of asking price being achieved. GetAgent’s data shows that nationally, home sellers have secured 95.8% of their initial price expectation, with the average home selling for £13,303 […]

Reforms to speed up the planning system and get the country building

6th August 2020

The Housing Secretary has announced an overhaul of the country’s outdated planning system designed to deliver the high-quality, sustainable homes communities need. The changes will transform a system that has long been criticised for being too sluggish in providing housing for families, key workers and young people and too ineffectual in obligating developers to properly […]

SDLT implications for landlord relocating?

6th August 2020

I’m a landlord with a small portfolio who is looking to sell my primary residence (as far as HMRC are concerned) and relocate to the south coast into a higher value property. The option of simultaneously selling and buying, although it can solve some problems, comes with its own challenges, and so I wanted to […]

How to find great commercial property deals

6th August 2020

My new video below explores how to find great commercial property deals to maximise new Permitted Development rights for residential conversion opportunities. You can also join me on Sunday for a FREE 90 Minute online web class on ‘How To Re-purpose Defunct Commercial Buildings’ REGISTER FREE >> www.property-workshop.com   Landlord Tax Planning Consultancy is the […]

Bank of England emblem symbolising decision to hold the Base Rate at 5%

Bank Base Rate and stimulus put on hold for now

6th August 2020

The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to maintain the Bank Base Rate at 0.1% and to hold any quantitative easing measures at current levels. Any decisions have been met with a wait and see strategy as the economy is showing a less weak position than initial Bank forecasts. However, the outlook […]

Council tax department want copy tenancy agreement?

6th August 2020

I recently advised the council tax department of a change in tenants at a two-bed flat I own. Normally that’s the last I hear from the council as the tenants sort out the council tax as per the tenancy agreement. The tenants are students so they claim an exemption. This time though the council have […]

Two speed rental market between London and the rest of the UK

5th August 2020

Hometrack has released its latest index for the second quarter of 2020 with analysis showing diverging trends in supply and demand of rental property between London and the rest of the UK. Average rents across the country dropped by -0.3% in June, and by -0.8% in the second quarter 2020, taking the annual growth in […]

Funding for boilers and more coming

5th August 2020

The Government with help from the big six energy companies has released funding for free energy-saving measures for home-owners, landlords and the benefit of tenants to include the installation of: Electric heaters, Electric Heating systems, Gas boilers, Gas central heating systems, Cavity wall insulation (new beads), Solid wall external and internal insulation, Underfloor insulation and […]

NRLA welcomes government Green Homes grant scheme

4th August 2020

The NRLA are welcoming the news that the Government has accepted many of their recommendations about how the new Green Homes Grant scheme should work. Announced in the Chancellor’s Summer Statement, the scheme will see the Government provide at least two-thirds of the cost of improvement work for homeowners and landlords to make their properties […]

Tenant demand is highest for homes that come unfurnished

4th August 2020

The latest research by Howsy, has revealed that across the UK’s major cities, tenant demand is highest for homes that come unfurnished. Howsy compared the level of stock already snapped up by tenants as a proportion of all stock listed to see which was most in-demand when it came to furnishings and whether it’s worthwhile […]

Tenant’s rights after second joint tenant moved out?

4th August 2020

Please shine some light on the following scenario: 2 strangers were renting out 2-bed flat on a joint AST at £1800 per month. The AST expired on 15 May 19 so my understanding is that it would then turn into the Statutory Periodic tenancy agreement. Due to Covid-19 one of the tenants moved out on […]

Allowing family members to live in property without rent?

4th August 2020

I was wondering what would be the status of a property that the owner allowed family members, ie adult offspring, siblings, or nephews/nieces, to live in without any commercial consideration? That is, with no rent payment. I understand this would be a licence to occupy rather than a tenancy. How would the property be treated […]

CEO of ROSICNA Mortgages?

4th August 2020

Has anyone details of the CEO of ROSICNA Mortgages ( bought MX mortgage book). I have checked companies House no listing for this role. Many thanks James Editors note from Rosinca about us page >> Click here INTRODUCING ROSINCA MORTGAGES Rosinca Mortgages is a trading name of Topaz Finance Limited, a business owned by the […]

New NRLA and SAL joint membership option

4th August 2020

Landlords who let properties in England, Wales and Scotland can now have joint membership of associations north and south of the border under a new partnership. The National Residential Landlords Association (NRLA) and Scottish Association of Landlords (SAL) are partnering to allow landlords with properties in England, Wales and Scotland to pay a small top-up […]

£1.3bn to build 45,000 new homes and £2bn Green homes grant scheme

4th August 2020

45,000 new homes and other infrastructure projects were given the green light with nearly £1.3 billion of investment confirmed today by Housing Secretary Robert Jenrick. Over 300 successful projects in England are being told they will receive a share of the £900 million Getting Building Fund, which was announced by the Prime Minister in June, […]

Tenant demanding deposit back unfairly?

3rd August 2020

We have a prospective tenant that failed the referencing due to a CCJ they apparently didn’t know about (we refunded their holding deposit). We liked them and tried to work with them and offer an olive branch through them finding a suitable guarantor. They accepted and found someone suitable and paid the holding deposit again […]