Page 464 – Property118

MPTL – Do limitations ensure Landlords are always out of pocket?

20th July 2020

I have a Managed Payment To Landlord (MPTL) for rent arrears set up. That was established on top-ups not paid at the date of application, so the deductions are set up accordingly. The tenant still continues not to pay the top-ups. Universal Credit have advised of another MPTL request for the arrears since the last […]

WARNING! CGT Going UP? – Property Investors Need To Act Now

17th July 2020

The Chancellor of the Exchequer, Rishi Sunak has announced a review of Capital Gains Tax. In this video I discuss with Alex Caravello, Property118 Tax Consultant and Mark Smith, Cotswold Barristers, what implications this will have on property investors and landlords and what action landlords can take now before any changes take effect.  Landlord […]

Housing Minister wants to give non-Covid related possession cases priority

17th July 2020

Housing Minister, Christopher Pincher MP responded to a written question from Labour MP Helen Hayes regarding the eviction ban extension and confirmed again that the ban on possession cases would end on 23rd August. The Minister indicated that priority would be given for landlords and tenants in cases that are not related to COVID-19 including […]

Is there any income to rent ratio you look to for affordability?

17th July 2020

Hi All, We have our flat advertised for tenancy and we got a couple who are interested to move in. We asked for all the relevant info for the reference check from TenantVerify, but also asked for last 6 months bank statement/payslips, which they happily provided with no delay. One partner has just started working […]

4 year rule and HMO planning permission

17th July 2020

I have an issue regarding an office that was converted into a 3-bed flat June 2016 with full planning permission and would welcome any advice on how to tackle the problem. Since being converted, it has been rented out to 3 friends and was covered by a Selective Property Licence which was the correct licence […]

Freehold sale – First refusal?

17th July 2020

I would like to know if I have the right to first refusal on the freehold of the property I own a lease on. I bought the flat with a ninety-nine year lease, the occupants in the other flat did likewise, after a number of years the freeholder put the freehold up for sale, both […]

What will students want from their accommodation post-coronavirus?

16th July 2020

The coronavirus pandemic has disrupted almost every facet of society. For landlords and property owners, the disruptions have been significant, with many tenants facing furlough or redundancy and no way to pay rent. This issue has been even more challenging for student property providers, as university terms being brought to an early end led to […]

Legal advice on property for sale with multiple agents?

16th July 2020

I need some legal advice on a property for sale, please. Three agents were advising on our property for sale back in September 2019. There were few offers, which were not accepted until January this year. Agent A forwarded an offer in January, which was accepted but later on the buyer, which was a company […]

Discussing Unique Property Reference Numbers with Kate Faulkner

16th July 2020

Welcome to the Landlord and lawyer Podcast with myself and Ben Beadle. Our first episode is now live. Read our article or listen to the post below. Click the button to listen to the episode on Apple, Google or Spotify. “So what are Unique Property Reference Numbers (UPRNs)? Kate describes them as a ‘little holy […]

Notice to Quit received – first time for everything?

16th July 2020

One of my tenants has issued me with a Notice to Quite after she realised I wasn’t bluffing when I issued a Section 21. Anyway she is due to leave on 27th July, with a debt that I can’t get agreed for a TPD with via DWP (not that I have much time now anyway) […]

Does it have to be a metal fuse box now?

16th July 2020

I am being told that to comply with new electrical regulations we need a certificate of fitness. I am also being told that the plastic fuse box/consumer unit needs to be replaced with something of non-combustible construction? This means made of metal! We have spent the last 50 years taking out metal fuse boxes because […]

Temporary Welsh increase to nil rate band of LTT for main residences only

15th July 2020

The Welsh Government has announced a temporary increase to the nil rate band of Land Transaction Tax (LTT) to £250,00 for main residence property transactions from 27th July 2020 until 31st March 2021. The tax paid for higher rate residential or non-residential transactions are unchanged. There will still be additional rates to pay for landlords […]

International Student payment before arrival?

15th July 2020

We are considering an International Student who has viewed the room to rent via Whatsapp and has chatted to me about the rental. She would like to take the room, but will not be in the UK until mid-September. We have agreed to commence a 12-month tenancy from 1 September and will email the contract […]

Unfair Property Management Contract?

15th July 2020

I think my property management agent is proposing an unfair contract and I’d appreciate the views of the wise landlords on this forum. For more than 10 years I have employed the same agent to manage my rental property in London. My tenant of the last 5+ years is leaving and the agent has sent […]

New Electrical Installation Condition Report Rules July 2020?

15th July 2020

I have just had an Electrical Installation Condition Report carried out on a flat I rent out by an NIC approved contractor. The report has come back saying the installation is satisfactory. The flat has just become vacant and I’m in the process of finding a new tenant. As far as I am aware under […]

Church of England Diocese tenant eviction?

15th July 2020

We have a property rented to the Local Diocese of Church of England on a Company Letting Agreement for 2 years. The agreement has ended, but the permitted Occupiers refused to leave the property on the basis of the current coronavirus outbreak. We have reluctantly agreed to extend the property occupation twice with 2 months […]

Chancellor requests review of CGT by the OTS

15th July 2020

The Chancellor, Rishi Sunak, has requested a review of Capital Gains Tax (CGT) in an open letter to the Office of Tax Simplification (OTS). This could indicate the Chancellor is considering a future increase in the CGT levy in an attempt to shore up the UK’s finances. However, this morning in a Sky interview, Secretary […]

Once in a generation opportunity to reboot the market in favour of tenants!

14th July 2020

In a letter to the Housing Secretary, the London Mayor, Sadiq Khan has expressed his concern at the prospect of the current eviction ban coming to an end on August 23rd. and wants to prevent private landlords from serving section 21 and section 8 notices where tenants have accrued arrears as a result of COVID-19. […]

Landlords warned not to discriminate against benefits tenants

14th July 2020

The NRLA warns landlords should not have blanket policies that discriminate against those in receipt of benefits. Responding to a court case in York which has ruled that it is unlawful for landlords to discriminate in this way, Chris Norris, Policy Director for the National Residential Landlords Association, said: “No landlord should discriminate against tenants, […]

Yes another N5B query – still no guidance notes from government?

13th July 2020

Well I thought I’d finish the damn (new extended) form N5B, but I’m not sure I interpreted /answered question 15 correctly. Well question 15 itself is simple enough that’s a definite NO but after that I’m not sure if i’m supposed to disregard questions 15c-15i . So not sure if to leave them all blank, […]

‘Fair Rents’ and the Valuation Office?

13th July 2020

I have raised the rents in nearly all my properties over the last couple of months – all by way of S13 and letters to the tenant explaining this. Just had the following message come back from one Council for one tenant who still receives Housing Benefit: “Thank you for your recent communication, I can […]