Page 465 – Property118

Shadow housing secretary accusing Sunak of massive ‘Bung’ to Landlords

13th July 2020

Labour’s shadow housing secretary, Thangam Debbonaire, has written an open letter to Robert Jenrick accusing the Conservatives of sneaking out a £1.3bn bung to second home owners and landlords in the Summer Economic Update. This is despite the 3% surcharge still being applied to all second homes and residential rental property. The letter dated 9 […]

Rent Guarantee new reference condition?

13th July 2020

Hi, I would be interested in views on the following: I received renewal Legal & Rent Guarantee Insurance documents from Rentguard (which initially I purchased through Openrent) There is the following condition in their ‘statement of fact’: “The responsibility lies with the landlord to make sure that if Tenants’ circumstances have changed from those provided […]

Selling my rental property to the Local Authority

13th July 2020

Selling my rental property to the Local Authority and need to serve a Section 21 notice to my tenants as well and will be talking to them. I’ve had enough of tenant and landlord regulations/legislation and having had 2 consecutive bad tenants on my other rental property I now want out. Re Q’s 6 & […]

LANDLORDS TAX PLANNING PAGE UPDATE

10th July 2020

Several video interviews have been added to our Landlord Tax Planning page for your viewing pleasure and to improve your landlord tax planning knowledge generally. Our mission is to facilitate the sharing of best practice, so please feel free to share this page on Social Media for the benefit of other landlords and their professional […]

Get your next property project funded and appear on TV!

10th July 2020

The hit TV show Property Elevator, will be back on Property TV, Sky Channel 192 in the Autumn. In last years series, budding property investors & developers pitched for backing from the Angels and some walked away being able to make their property development dream a reality. This years Property Angels are myself, John Howard, […]

Initiatives government could take to support landlords and the market

10th July 2020

Jack Bertolone, Operations Director at Brooklands Commercial Finance, discusses with Kate Faulkner the impact of the pandemic on the UK housing market and what other initiatives the government could take to support the property market and landlords. Kate Faulkner is a UK property analyst and a regular commentator on BBC, ITV and national newspapers. Brooklands […]

Property Market Crash = Huge opportunity for some (Online Today)

10th July 2020

This could be the Game Changer you have been waiting for. Let’s face it, the UK is unfortunately going to slip into recession and the Bank of England has predicted that there will be a 16% decline in house prices. So what does this mean for you? If you are looking to acquire more property, […]

BTL brokers showing increased confidence

10th July 2020

Four out of 10 Buy to Let brokers expect to write more business in the next 12 months, Paragon Bank’s Financial Adviser Confidence Tracker (FACT) Index has revealed. The survey of more than 200 intermediaries showed that 41% of advisors said they expect more buy-to-let business, a slight dip on the 43% recorded in the […]

Tenant satisfaction increases to 84%

10th July 2020

There has been an increase in the proportion of private renters satisfied with their housing according to data published by the Government. The figures, which form part of the English Housing Survey, show that in 2018/19, 84% of private tenants were satisfied with their accommodation, up one percentage point from the year before. This compares […]

I told the police they were not allowed back to the property?

10th July 2020

I recently rented my property to my partners husband and children. My daughter passed away last year and we let the property over a 10 year period to them. The relationship has broken down between us and he has not paid rent for 4 months. Although he did start to pay. He had been asking […]

HMO mortgages out of favour?

10th July 2020

I’m nearing the end of my 20 year term with Paragon on an HMO. They would only speak to me within the last 3 months of the term and have now said I can apply for an increase in term of up to 10 years. When I saw their rates I was surprised how high […]

Freehold issues and leaseholds not paying service charge?

10th July 2020

I wonder if someone could give me some advice, I’m a leaseholder of a flat that I purchased some 17 years ago in a block of 155. The service charge was around £2,500 per year, now gone up by another £1,200 for a reserve fund as there is no funds. The Freeholder managed the property, […]

Guarantor agreement still valid after rent increase?

9th July 2020

Hello, I am interested in increasing the rent of a long term tenant that is paying well below market rate. The new monthly rental rate would be more than 10% than the rent level which the guarantor signed for on the original contract. Would the guarantor still be “liable” after a significant increase in rent […]

Major works with ever rising costs

8th July 2020

Can anyone guide me to the right ‘body’ who can give leaseholders advice on ever rising costs of major works to our building. It went for tender with the lowest tender being chosen, it was not going well pre-lockdown and now they are back to work the contractor has ‘found’ (following complaints from residents/leaseholders) that […]

Covid-19 Mini Budget: What this means for property investors

8th July 2020

Rishi Sunak delivers his mini budget (summer economic update) The Chancellor announces SDLT stamp duty holiday for property purchases and its great news for property investors, UK property investment. Watch this video below as I provide analysis on what this means for property investors. 

Implications of mortgage payment holidays, BBL & CBILS on future loan applications

8th July 2020

Jack Bertolone, Operations Director at Brooklands Commercial Finance, discusses with Kate Faulkner the impact of the pandemic on the UK housing market and the implication of mortgage payment holidays, BBL & CBILS on future loan applications. Kate Faulkner is a UK property analyst and a regular commentator on BBC, ITV and national newspapers. Brooklands Commercial […]

Summer Economic Update – Landlords Reaction

8th July 2020

The Chancellor, Rishi Sunak, has just given a Summer Economic Update to the house of commons as the second of three phases to guide the UK through the Covid-19 National Emergency. The much anticipated, hyped and discussed Stamp Duty reductions increasing the threshold where no SDLT is paid to £500,000 will be introduced with immediate […]

NRLA welcomes Chancellor’s support for Green improvements

8th July 2020

The NRLA have welcomed the Chancellor’s announcement that they will be able to apply for vouchers to help fund the cost of energy improvements to rental homes. Responding, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “Improving the energy efficiency of rental housing is good news for tenants, landlords and local economies. […]

Sub-letting tenant breaching contract but refusing to leave?

7th July 2020

Hi, since my last visit to my 3 bed property six months ago, my tenant on an AST has sub-letted all the rooms individually and he is occupying one of them. He is now 3 months behind on rent and I am sure he is using covid as an excuse to stay rent free as […]

Splitting into leaseholds on freehold building to refinance

7th July 2020

I have a freehold building which was developed into several flats. I am looking hold on to them to rent, but would like to split into leaseholds as the mortgage rates are more competitive (the difference in rates have reduced over the last couple of years but the financing cost have gone up hugely) and […]

What to make of Qs 6 and 7 on new N5B Claim form?

7th July 2020

On the new N5B Claim form for possession of a property located in England Question 6 asks: On what date was the property let to the Defendant by way of a written tenancy agreement? 7. The tenancy agreement is dated Day Month Year I’m evicting a tenant who has been on the same assured shorthold […]