Page 468 – Property118

Scrapping rent cap bill demonstrates advantages of industry self-regulation

12th August 2020

The recent decision to scrap a bill to introduce a rent cap in Scotland demonstrates the difficulty of introducing lettings regulation amid ongoing uncertainty, while highlighting the advantages of industry-led codes of practice over top-down regulation, according to PayProp.  What is the Fair Rents (Scotland) Bill?  Introduced to the Scottish Parliament in June, the Fair […]

Has my ground rent review been calculated correctly?

12th August 2020

I am looking for some advice on whether ground rent review calculations have been carried out correctly. I have a lease for 125 years from 1 January 2006, within the particulars it states: “the Commencement Date” 1st January 2006. “the Rent” £200 per annum subject to review in accordance with clause 9. “the Base Index” […]

Courts may adjourn possession cases without Covid-19 impact assessment

12th August 2020

Over 95% of private tenants are paying their rent or have made an arrangement with their landlord to pay a lower rent or defer payment during the pandemic according to a new survey of tenants out today. Independent polling for the National Residential Landlords Association finds that 87% of private tenants have paid their rent […]

Is an EICR required as it isn’t for a commercial tenant?

11th August 2020

The situation is we have a shop unit we are letting with a self-contained upper part. This shop is one of four in a parade all owned by the same Landlord. Some tenants choose to sublet the upper parts, some occupy themselves and some use it for storage. I wondered if The Electrical Safety Standards […]

Evicted brothers revenge drive by shooting of Gateshead agents

11th August 2020

The North East based ChronicleLive reported two brothers admitting affray and criminal damage in Newcastle Crown Court after opening fire with an air pistol shooting at the windows of a Gateshead estate agents office and one of their cars in revenge for an eviction notice being delivered only three hours earlier. The brothers did not […]

Online Guarantor?

11th August 2020

In trying to let a small property recently I have had a lot of applicants who can’t meet the affordability and or credit criteria. A few have asked if I would accept an online guarantor which they would have to find £40+ a month for. I’m curious to know if anybody has heard of this […]

Mortgages For Actors

11th August 2020

When you think of an actor who do you think of? Most would think of someone like Tom Cruise, Anna Friel or Brad Pitt. If I told you that actors have a hard time getting a mortgage, would you believe me? Actually, the majority of career actors really do struggle. Mostly their income is sporadic […]

Rent Repayment Order Magic Money Tree is pretty much dead!

10th August 2020

“Rent Arrears must be accounted for BEFORE rent is eligible to be reclaimed under a Rent Repayment Order (RRO).” At a stroke, this Judgement of the First-Tier Tribunal (in a case defended by Des Taylor of Landlord Licensing and Defence) means that the no-win/no-fee become almost worthless for the lawyers, and far fewer Rent Repayment […]

Do Housing Associations take a cut somewhere?

10th August 2020

Does anyone know if and where a HA/Charity take a cut from payments when it comes to providing emergency/temporary accommodation? We have a 5-year deal with a HA & Charity for the whole house. Currently, it is split into 6 beds – all sharing bathroom and kitchen facilities. We get a set figure rent. If […]

Planning Reforms – Take first mover advantage

7th August 2020

New Government Planning Reform and Permitted Development (PD) rules have been introduced. The investors who get in quick will win a 1st movers advantage in the market. I will be hosting a FREE Online Masterclass on this very subject but places are going fast. Claim your free spot now with the link below! Free Online […]

Universal Credit logo representing UK welfare and housing payment system.

Report calls for reform of UC including direct payments to landlords

7th August 2020

Earlier this year, Caridon Landlord Solutions joined other industry experts in responding to the House of Lords Economic Affairs Committee’s inquiry into the economics of Universal Credit. Following this, a series of recommendations for an overhaul of Universal Credit have now been handed to the Department for Work and Pensions by the House of Lords […]

Mini-boom drives house prices up 1.6% in July

7th August 2020

The August Halifax House Price Index has just been released showing the results of the Stamp Duty holiday with a sharp increase pushing prices to their highest ever levels in July at an average house price of £241,604. The ‘mini-boom’ drove house prices up in July to 1.6% higher than in June, on a monthly […]

Properties selling for 95.8% of initial price expectation

6th August 2020

The latest data release from GetAgent.co.uk, has revealed how the property market in England and Wales has performed over the last year when it comes to the percentage of asking price being achieved. GetAgent’s data shows that nationally, home sellers have secured 95.8% of their initial price expectation, with the average home selling for £13,303 […]

Reforms to speed up the planning system and get the country building

6th August 2020

The Housing Secretary has announced an overhaul of the country’s outdated planning system designed to deliver the high-quality, sustainable homes communities need. The changes will transform a system that has long been criticised for being too sluggish in providing housing for families, key workers and young people and too ineffectual in obligating developers to properly […]

SDLT implications for landlord relocating?

6th August 2020

I’m a landlord with a small portfolio who is looking to sell my primary residence (as far as HMRC are concerned) and relocate to the south coast into a higher value property. The option of simultaneously selling and buying, although it can solve some problems, comes with its own challenges, and so I wanted to […]

How to find great commercial property deals

6th August 2020

My new video below explores how to find great commercial property deals to maximise new Permitted Development rights for residential conversion opportunities. You can also join me on Sunday for a FREE 90 Minute online web class on ‘How To Re-purpose Defunct Commercial Buildings’ REGISTER FREE >> www.property-workshop.com   Landlord Tax Planning Consultancy is the […]

Bank of England emblem symbolising decision to hold the Base Rate at 5%

Bank Base Rate and stimulus put on hold for now

6th August 2020

The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to maintain the Bank Base Rate at 0.1% and to hold any quantitative easing measures at current levels. Any decisions have been met with a wait and see strategy as the economy is showing a less weak position than initial Bank forecasts. However, the outlook […]

Council tax department want copy tenancy agreement?

6th August 2020

I recently advised the council tax department of a change in tenants at a two-bed flat I own. Normally that’s the last I hear from the council as the tenants sort out the council tax as per the tenancy agreement. The tenants are students so they claim an exemption. This time though the council have […]

Two speed rental market between London and the rest of the UK

5th August 2020

Hometrack has released its latest index for the second quarter of 2020 with analysis showing diverging trends in supply and demand of rental property between London and the rest of the UK. Average rents across the country dropped by -0.3% in June, and by -0.8% in the second quarter 2020, taking the annual growth in […]

Funding for boilers and more coming

5th August 2020

The Government with help from the big six energy companies has released funding for free energy-saving measures for home-owners, landlords and the benefit of tenants to include the installation of: Electric heaters, Electric Heating systems, Gas boilers, Gas central heating systems, Cavity wall insulation (new beads), Solid wall external and internal insulation, Underfloor insulation and […]

NRLA welcomes government Green Homes grant scheme

4th August 2020

The NRLA are welcoming the news that the Government has accepted many of their recommendations about how the new Green Homes Grant scheme should work. Announced in the Chancellor’s Summer Statement, the scheme will see the Government provide at least two-thirds of the cost of improvement work for homeowners and landlords to make their properties […]