Page 468 – Property118

Additional £105m towards interim housing for rough sleepers

24th June 2020

Interim housing for thousands of rough sleepers taken off the streets during the pandemic is to be provided, ministers have announced. The additional £105 million will be used to support rough sleepers and those at risk of homelessness into tenancies of their own, including through help with deposits for accommodation, and securing thousands of alternative […]

Guarantors for rent – worth the hassle?

24th June 2020

I have a sibling of a current tenant looking to rent as his mother has kicked him out. He is just over 18, has a job, yet no bank account/credit history or any financial referencing. She wants him to live near, but not with her in her one bed flat (he is currently staying with […]

Tenant damage caused in arguments?

24th June 2020

I had a call from the neighbour of one of my tenants. Apparently the police had been called for the second time in three months at 4.00am for anti social behaviour, shouting, banging doors etc. I Email the tenant to arrange an inspection and also to meet them (they had moved in just before lockdown) […]

Government plans to help construction in coronavirus recovery

23rd June 2020

New measures to help the construction industry boost building and return to work safely will be introduced this week, Housing Secretary Robert Jenrick MP announced 22 June 2020. Planning permission deadlines will be extended, planning appeals will be sped up and builders will be allowed more flexible working hours following agreement with their local council. […]

Baker Street Livestream Wednesday 7pm

23rd June 2020

The Baker Street Property Meet Live Stream Event is tomorrow Wednesday 24th June at 7pm. Click here to join the event. After lockdown, how do you finance investment property deals or arrange a Buy to Let mortgage for your property investing activity? In this months livestream we look at Financing Property Deals, property investment, property […]

Facts and Figures for London’s BTL market

23rd June 2020

The latest research by Howsy, has looked at the facts and figures of investing in London’s buy-to-let sector. Rental yields are the main gauge of buy-to-let profitability and at 4.8%, outer London is home to the lowest average yield of all regions. Inner London doesn’t fare much better at 5%, the second-lowest average yield of […]

Adult child needs to apply for ESA – UC shift?

23rd June 2020

Single mum with 4 kids has been in one of my houses for a number of years and in receipt of the 4B HB rate. She is the carer to eldest child (girl) – the child has been receiving “low rate mobility” + “enhanced rate of personal care” (so the tenant informs me)”. Other kids […]

Learn about the Trecaccel v. Rouncefield case

23rd June 2020

The case of Trecarrel v. Roucefield is one of the most significant cases this year. It is the case where the Court of Appeal held that failure to serve the Gas Safety Certificate on tenants before they move in is not fatal to a subsequent claim for possession under section 21. if you want to […]

Struggling to find lodgers during lockdown?

22nd June 2020

I rent out rooms to lodgers in my 3 bed flat in greater London. In the beginning of March, sadly my lodger who had been living with me for 5 years, moved out as she feared catching coronavirus in a shared place. She has asthma and other health issues so didn’t want to risk it. I […]

Extension of eviction ban for commercial leases

21st June 2020

The Government has extended measures to prevent struggling companies from being evicted over until the end of September. A new code of practice has been developed with leaders from the retail, hospitality and property sectors to provide clarity for businesses when discussing rental payments and to encourage best practice so that all parties are supported. […]

Debt now equal to bond? Action required

20th June 2020

I have a client who so I believe has left the property that I am letting. The rent owing has now just passed the bond money. Firstly can I start legal proceedings to remove the letter? I have not had any notice that she has left the property and I have not called at the […]

Rent and Legal Guarantee now available for existing tenancies

19th June 2020

Debt is a reality in every type of business, but unlike almost any other service provider, landlords are unable to terminate a contract with their client if payment is not received. Only a court may end a tenancy agreement on the basis of non-payment. Even then, the process can only start following a period of […]

The Future for HMOs post Coronavirus

19th June 2020

During the current pandemic I am now thinking about the after affects on the rental market when it ends. In particular what everyone thinks will happen to the demand for and the ongoing lettability of HMOs considering they are shared living and whatever the new social norms will be? I know there are no crystal […]

Who pays what? I’m out of pocket!

19th June 2020

I have a long standing Housing Benefits tenant who I always have had direct payment for as there is a history of drink, drugs and spells in HMP. I received direct payment (by HB ) as normal and expected for period 13 April- 19th May. When the rent was not forthcoming for 11 May – […]

Court of Appeal Rule in Favour of Landlords on Gas Safety Certificate Case

18th June 2020

The Court of Appeal has today sided with private landlords in a case which threatened the way they could repossess properties. The case of Trecarrell v Rouncefield centred on the relationship between Section 21 notices and gas safety certificates. The landlord, Trecarrell House Limited, was initially granted an order to repossess the property using Section […]

Close-up detail of engraved eye from British currency representing financial focus and interest rate changes

Base Rate held but QE increased by £100 billion

18th June 2020

The Bank of England Monetary Policy Committee (MPC) voted unanimously to hold the base rate at 0.1%. However, they also voted 8 to 1 in favour of increasing Quantitative Easing measures by purchasing an additional £100 billion of government stock taking the total level of asset purchases to £745 billion. The Bank of England summary […]

Deed of trust valid if stamp duty unpaid? Repercussions to trustee?

18th June 2020

I won’t go into reasons for how this happened, but let’s say Eve has a lot of control over Bob and pressured them emotionally strongly into doing it. Bob purchased a flat. Eve asked Bob for the flat to be sold to them at purchase price. Bob was doing v well in life and agreed […]

B2L mortgage on house we will end up living in?

17th June 2020

We have a property on the market for £385,000, mortgaged at £120,000 on an expensive 4% RBS One account. We want to unlock the potential from the house & downsize We found a house that we really want, which was sold, but which has subsequently fallen through, I have an idea to get £62500 (25%) […]

CBILS for developer?

17th June 2020

Has anyone else heard of the Government’s CBILS scheme paying out to developers? I spoke to a broker last week who was waiting for an announcement that CBILS was being widened out to cover developers too, but I haven’t heard of any developers getting one yet. Many thanks Groover Editor’s Notes: >>  .Gov guidance  Eligibility […]

Increase rent – Increase Bond?

17th June 2020

If I raise the rent to match (or be slightly under) the LHA rate, what about the Bond secured as a deposit? The Bond at the time was for the 5 weeks max rent, so do I ask for an increase to match the rent increase? Bit of a dilemma even if benefits pay the […]

Rent family home and move it into Ltd Company?

17th June 2020

I’m currently in the process of purchasing a new family home. The plan is to keep our current family home and rent it out, the mortgage is low on the property (7% LTV to be precise). I currently also have a LTD company which holds 2 rental properties. Our thinking is that we would transfer […]