Page 466 – Property118

House prices fall 4 months in a row

7th July 2020

The Halifax House Price Index for released 07/07/2020 is showing on a monthly basis, house prices in June were 0.1% lower than in May and in the latest quarter (April to June) house prices were 0.9% lower than in the preceding three months (January to March) However, the average house price in June was £237,616 […]

BTL product options on the increase

7th July 2020

As pent-up demand built up over the recent lockdown is released, Moneyfacts.co.uk has analysed how the buy-to-let mortgage market has changed over the year so far. Landlords will be pleased to see that the choice of products has improved recently. After dropping to only 1,455 total products offered in May, over the last two months, […]

Young renters will need help

7th July 2020

Young people in private rented housing will be especially vulnerable to losing income and potentially their jobs as the furlough scheme scales down. Polling for the National Residential Landlords Association shows that 24% of private renters aged 16-24 and 27% of those aged 25-34 are reliant on the Coronavirus Job Retention Scheme. This compares with […]

Best way of Developing?

6th July 2020

I have a few buy to let properties and with the help of Property 118, I have taken advice from them and will be getting them to help me incorporate my property business – Thanks very much. Will be doing this soon. However, a question to the experienced bods out there. We are planning to […]

Council multiple flat HMO status for Fire Regs over-reaching?

6th July 2020

Obviously we are all familiar with Council’s over-reaching, so I am always cynical with their “regulations”. This is a fairly dry post, but one that possibly calls out the exploitation of LHA’s across the country. I have been approached by Eastbourne council to have a fire risk assessment done on a 3 flat Vic terrace […]

Mark Smith (Barrister-At-Law) – Partners in Property Mastermind Session

6th July 2020

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be asking if you are you paying too much tax on your property rental business and presenting a Mastermind session on tax-efficient structures for your business. The Partners in Property online meeting will start at 9:30am Friday the 10th July until 3:30pm. […]

Mortgage Market Post-Lockdown – Kate Faulkner and Jack Bertolone

6th 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 availability of mortgages. Kate Faulkner is a UK property analyst and a regular commentator on BBC, ITV and national newspapers. Brooklands Commercial Finance is one of the UK’s leading property and […]

NRLA refute eviction claims by Shelter

6th July 2020

The NRLA has responded to research published by Shelter on rent arrears due to the COVID-19 pandemic by saying that they will do all they can to sustain tenancies. Chris Norris, Policy Director for the National Residential Landlords Association said: “Throughout the lockdown, our surveys show that the vast majority of landlords have been doing […]

Tenant background checks reliable?

6th July 2020

Recently I got a new tenant offer and the agency hired FCC Paragon to do the tenant’s background check for us. Since I had a bad experience the past few months with another tenant disappeared on me and didn’t pay rent for months and I just got really cautious about it. Does anyone have the […]

Build, Build, Build! Profit From PD Rights

3rd July 2020

I’m filled with excitement, because Boris has announced new Permitted Development rules and a whole scale reform of the planning system. In this video I am going to share with you some of these new announcements and what they mean to property developers and investors. Please click on the video below:

DON’T TALK TO THE COUNCIL!!!

3rd July 2020

A new Landlord: hounded, bullied, harassed and falsely accused of breaking the law – until we put the bullies and the idiots in their place. Unjustified Enforcement yet again! Read this true story. Every landlord needs to know the council is wrong a lot of the time and will destroy you the Landlord – if […]

PRS organisations combine to offer tenant support advice

3rd July 2020

Amidst concerns about the impact that the virus has had on tenant finances, the NRLA, Chartered Institute of Housing, Property Redress Scheme, My Deposits, Tenancy Deposit Scheme and ARLA Propertymark are launching guidance offering practical ways in which landlords and tenants can work to address arrears that might be building as a result of the […]

What can freeholder do if leaseholder dies intestate?

3rd July 2020

I own Freehold of a block of flats in London. One of the lessee has 53 years of unexpired lease remaining. He/She does not want to extend it for various reasons. He/She is in mid 50s. He/She has no one to assign the property to in the Will as he/she has No dependants. What happens […]

Switching AST to which contract type for tenants with Ltd co?

2nd July 2020

I currently have a really good tenant on an AST who would like to pay his rent through his limited company and register his company at the address. I have no problem with this so long as I get it right legally. Also are their any pitfalls I need to know about doing this. I […]

2nd BTL 2 bed Vs 3 bed?

2nd July 2020

Hi all! Just hoping for a little advice or even a ‘what you would do not his situation’ approach. I’m a relatively new landlord and getting my second property, so I have zero experience with decisions like this. Property is in Leeds city centre. Was about to jump in on a 2 bed (new build) […]

Are two rent increases within a year possible?

2nd July 2020

I increased a rent of a few of my flats in March (pre covid nightmare!) but still to UNDER the LHA rate. Since then the LHA rate has been raised significantly, so can I raise the rent again still under the capped rate? I questioned this with RLA precisely due to the fact this is […]

Is this a Cunning Plan?

2nd July 2020

I own a leasehold flat on a long lease. I have rented to the same tenant for 17 years. She wants to either let two bedrooms or grant licenses to two individuals to occupy those bedrooms. She resides in the third bedroom. She manages the property. If the flat would otherwise be an HMO is […]

Eviction ban to end 24th August

1st July 2020

A Government Minister confirmed that the eviction ban will end and courts will begin to hear possession cases from 24th August to the relief of many landlords in the PRS. Responding to a series of parliamentary questions, Lord Greenhalgh, a Minister at the Ministry for Housing, Communities and Local Government has said that from the […]

Why are developers failing to raise private investors funds?

1st July 2020

6 things you need to know if you are serious about raising finance from private investors. Lets start with “What do private investors want to know?” Whether you are looking to kick start your property journey or scale your property business, raising money from private investors will help you reach that next stage. The challenge […]

Use property to pay for private school fees?

1st July 2020

Hello, Consider the following scenario: Person A has £100k to pay towards school fees over the next 5 years. Fees are 20k per year (6,700 x 3 terms). On the basis that Person A has the lump sum up front is there a model, using residential BTL property to fund the fees or at least […]

GOV.UK crown logo representing UK government consultation on EPC reforms

Electrical Safety Standards from 1/7/20 new tenancies and 1/04/21 existing

1st July 2020

The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 require that landlords have property electrics checked at least every 5 years by a properly qualified person. The electrics must meet standards and landlords must give their tenants proof of this. click here to view Local authorities may impose a financial penalty of […]