Page 464 – Property118

Calls on government for a new landlord and tenant conciliation service

2nd December 2020

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 […]

Contract with a Housing Association – Just where is the info?

1st December 2020

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 […]

Hand writing the word "VALUES" in red marker to highlight property valuation topic

Does increasing Ground Rent increase the valuation?

1st December 2020

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 […]

House Prices up 0.9% this month and 6.5% on the year

1st December 2020

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 […]

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 | […]