Page 465 – Property118

Smart Company Structures For Your Property Business

28th August 2020

If you are investing in property you will want to do this through a Limited (Ltd) company. However, there are limited companies and there are SMART limited companies for your property investments. In this video (please click below), Mark Alexander of Property118 and I discuss smart limited company structures for your property business. Landlord Tax […]

Government changed law so most renters have 6 month notice period

28th August 2020

Legislation has now been introduced, so landlords must now give tenants 6 months’ notice before they can evict until March 2021, except in the most serious of cases, such as incidents of anti-social behaviour and domestic abuse perpetrators. The stay on possession proceedings has been extended until 20 September, meaning that in total no tenant […]

NRLA welcomes clarity on possession cases

28th August 2020

Ministers have today made important concessions about how repossession cases in the rental market will be handled from 20th September. It follows extensive lobbying by the National Residential Landlords Association after the Government U-turned on its plan for such cases to be heard again from 23rd August. Regulations published today and coming into force tomorrow […]

Tenant eviction ban is bad news for All

27th August 2020

In this video below, I share my view on why the Government’s extension of the tenant eviction ban is bad news for both landlords and tenants. I also share with you the Australian model for tenancy law and why it’s better. We seem to be a fan of importing the Australian points-based immigration system. Perhaps […]

Quickest Golden Visa investment nations for a second wave bolthole

27th August 2020

Research by Astons, the alternative residency and citizenship acquisition experts, has revealed which nations offer the quickest timeframe to securing citizenship when it comes to investing across the EU and Caribbean. It takes an average of five and a half years to secure citizenship in the UK. Still, even when opting for the quicker route […]

Government must U-turn again to help landlords

27th August 2020

The Government’s plans to extend the evictions ban could leave private landlords without any rent for up to two years. In a letter to the Prime Minister, the National Residential Landlords Association (NRLA) has said that the Government is asking landlords to subsidise struggling renters and rewarding those who are wilfully refusing to pay their […]

Westminster online tool encouraging HMO tenants to claim Rent Repayment Orders!

27th August 2020

In a move designed to punish as many landlords as possible with crucifying Rent Repayment Orders of up to 12 months rent, the City of Westminster has launched a “Find out if you can screw your Landlord” tool on their website. They are obviously using this ‘hook’ to get tenants to ‘grass-up’ landlords who have […]

Next stages for mortgage holidays

26th August 2020

The Financial Conduct Authority (FCA) has announced proposals to ensure that firms provide tailored support to mortgage borrowers who continue to face payment difficulties due to coronavirus. During the initial phase of the pandemic, payment holidays provided mortgage borrowers with immediate and temporary support. The majority of customers who have had a payment holiday are […]

Two sharing AST, one working, one on UC?

26th August 2020

I am aware of the potential disadvantages of dealing with tenants on benefits, but wondering how to set the rent on this one. Large flat, advertised at £395 for one person. The previous pair of tenants were paying £475. The working tenant will pay first months rent and deposit upfront and I realise it’ll probably […]

Evictions during Covid-19 ban?

26th August 2020

Hi all, We have a problem tenant who has alcohol abuse issues, is behind in his rent and really needs help that we cannot offer to him (although I am trying to work with him through the local support structures for both housing need and alcohol abuse). In short, we really need to end the […]

Assessed water charges between tenancies?

26th August 2020

We have a flat where a meter is not possible so assessed meter charges apply. A tenant was in situ when this was applied, but now he has left, what happens when the next tenant comes in? Do I have a duty to inform the water company of the name and details of the new […]

Permitted Occupier – Tenancy?

26th August 2020

I tried to help a friend out earlier in the year and took out a sole tenancy AST and she was named as a permitted occupier. The friendship quickly soured and I have been trying to get myself out of the situation. I asked her to vacate the property, but rather than discuss it she […]

TPO expels agent for failing to pay £6,000 award to landlord

26th August 2020

A letting agent in Finchley, The London Landlord Limited, has been expelled from The Property Ombudsman (TPO) for failing to pay an outstanding award of over £6,000, they also failed to pay their membership renewal fees. The Property Ombudsman received a complaint from a landlord who let his property under a guaranteed rent contract to […]

Global Estate Agent commission comparison

26th August 2020

The latest research by leading property recruitment specialists, Rayner Personnel, has revealed that despite the stick UK estate agents receive for their high commission fees, they actually rank mid-table when compared to other prominent property selling nations. Rayner Personnel looked at the average agent commission fee across 28 global nations, factoring in VAT and other […]

Can students demand break clauses?

26th August 2020

UNIVERSITY students believe break clauses should be automatically included in tenancy agreements to protect them financially in the event of a second wave of coronavirus, according to a survey conducted by websites Money Magpie and Save The Student. The break clause would lapse the rental contract, meaning students required to return home if their university […]

Non-domestic rates liability confusion re: Leicester council?

26th August 2020

After my father died and probate was granted in Jan 2018. I received ‘zero rated’ tax bills for my late father’s shop and premises as a result of transitional relief Etc and only a Single token bill of £300 was issued in May 2020 for part the part-year after probate was granted. A total of […]

CGT Mitigation after separation?

26th August 2020

I own several BTL properties, and sadly it looks as if the near future holds separation and eventual divorce. This will involve the sale of the BTL properties, and therefore a liability to Capital Gains Tax (CGT) upon realising the gain made on the properties. One option under consideration is for me to go and […]

Can I charge for a woof?

25th August 2020

We let as standard no pets, but I received a request from the Council to house an older lady with a Jack Russell pet Is there anything I can do to protect myself from potential damage and extra cleaning required etc? I know can’t take more than 5 weeks deposit so now what? What could […]

Any mortgage lenders out there if I have a CBILs application outstanding?

25th August 2020

We took a Business Bounce Back Loan (BBL) for legitimate COVID-19 related reasons and would benefit greatly from a CBILS which is now made available for bridging and asset finance to re-finance the BBL + bridging loan which we had to utilise to re-finance an investor when our mortgage offer was withdrawn due to covid/lockdown. […]

DWP culpable in ensuring landlords are out of pocket for 12 months?

25th August 2020

With the latest tightening of the noose around landlords necks, will the DWP now GUARANTEE that where direct rent payments are being paid to the landlord, these will continue? I am talking direct payments which have been requested from the start of the tenancy agreement due to the tenant being a ‘high risk’ category as […]

Taking Guarantor to Small Claims Court?

25th August 2020

My tenants have been evicted and are refusing to pay outstanding expenses, neither of them work, but they provided a guarantor who can pay the outstanding expenses. The guarantor owns his own business with 2 outlets and appears on the company website. Both the ex-tenants and the guarantor are not responding to any communication. I […]