Page 470 – Property118

Are These Auction Property Deals Worth it?

27th October 2020

In this video we have a property auction review of some of the best property investment deals coming at auctions Allsop, Acuitus Auction House and Auction House London by myself, Rod Turner, Jay Howard and Piotr Rusinek. In this episode, we review four forthcoming auction lots from Auction House London, Savills, Allsop Auction, & Acuitus. […]

New 30 day CGT reporting and split commercial/residential property?

27th October 2020

Can anyone clarify the new rules? UK residents must now declare any Capital Gains due on a residential property within 30 days of completion. According to the HMRC website, the rules do not apply to Commercial property. My solicitor has said that if any part of a property is rated Commercial then the whole property […]

Guidance to help prevent care leavers becoming homeless

27th October 2020

New guidance for councils to help ensure care leavers have the stable homes they need and prevent them from becoming homeless has been published by Minister for Rough Sleeping and Housing Kelly Tolhurst. Care leavers can often struggle to cope with the challenges of living independently at a young age without a family network, and […]

How do I transfer ownership of my rental house into my wife’s name?

27th October 2020

I own a rental property which is now mortgage free. I would like to find out the easiest way to transfer ownership to my wife as she is a low rate taxpayer and I am not. Do I need to instruct and pay a conveyancer, or can I do it all myself? I’ve noticed there’s […]

Potential Commission Dispute?

27th October 2020

I am seeking some views as to whether I am likely to end up with a commission dispute when selling my house. The circumstances are that I had my house marketed on a sole agency agreement with an estate agent from January to June. There was some interest, but no sale agreed. I then marketed […]

Office for Budget Responsibility, Savills and Knight Frank forecast growth into 2024

27th October 2020

A recent market forecast by a wealth of industry experts, including the OBR (Office for Budget Responsibility), Savills, and Knight Frank, concluded that house price growth should increase by a further 14.5% across the UK by 2024. With a current average house price of £233,512, this 14.5% uplift would see a further £33,877 added to […]

Golden Visa Opportunities: The Top 10 Interesting Programs

27th October 2020

Confronted with the high income tax rates in the UK, British citizens have been more interested in alternative taxation programs in recent years. One of them is the Non-Habitual Residency (NHR). According to a study by UHY (Urbach Hacker Young International Limited) in 2019, tax rates for salaries in the UK are higher than the […]

Mortgage Express (Rosinca Mortgages) will not allow transfer of equity?

26th October 2020

Has anyone any advice for the following situation: 3 BTL properties with Mortgage Express (now Rosinca Mortgages) which still have 8 years left on a 25-year interest-only mortgage term. The properties are jointly owned by myself and my Brother. We also each of us have our own substantial property portfolios which are independent of these […]

Council HMO guidance – Now more confused than when I started?

26th October 2020

I’ve read Bexley Council and Government guidance but am just more confused than when I started. I have converted my house into 3 separate living ‘units’, I’m not calling them flats as they don’t meet building regulations (I do have planning permission for the extension and conversion works). Each unit has its own entrance, bedroom, […]

Friend signed a Deed of Surrender but then decided to stay?

26th October 2020

I rented my flat to a friend, and he recently got fired from his job. He’s about £1,600 in rental arrears. Given that he is currently unemployed and broke I suggest the best course of action for us both is for him to vacate the flat and stay in my place (as I have a […]

I have done my own conveyancing – CGT costs?

26th October 2020

I have sold one of my rental properties and have done my own conveyancing, on the sale as well as on the purchase. I understand that I can put related buying, selling and improvements, but not general maintenance, to reduce the amount of CGT liability. In relation to the buying and selling costs to lessen […]

Bailiffs suspend enforcing court orders for evictions in Tiers 2 and 3

26th October 2020

Bailiff trade bodies have agreed to suspend the enforcement of court order evictions for areas under Tier 2 and 3 restrictions after a request sent from the Justice Secretary Robert Buckland. Buckland wrote: “We would request that your members should instruct the enforcement agents working under their authorisation not to enter properties including taking control […]

Auction watch – 4 auction deals at forthcoming sales

23rd October 2020

This video is a review of four upcoming property deals on sale at auction over the next fortnight. In the video I am joined by Piotr Rusinek, Jay Howard and Rod Turner as they analyse four potential auction bargain opportunities. 0:00 Into to lots from – Auction House London, Savills, Allsop Auction, & Acuitus. 3:34 […]

EPCs – New ones issued via email link only?

23rd October 2020

I have had a raft of new EPC’s done and the assessors have just emailed me the link to the .gov site where they are stored. You can’t download them (I have tried). Question – do I have to send a copy of the new EPC to the existing tenant? (they already had a copy […]

Continued support for struggling borrowers

23rd October 2020

The Financial Conduct Authority is urging consumers struggling to make repayments due to the impact of coronavirus (Covid-19), to speak to their lenders about options available to them. The FCA has put in place a package of support for people in difficulty to ensure help is available after 31 October 2020. A survey of more […]

Landlords and tenants should make contingency plans together for winter

22nd October 2020

After the first national lockdown period, the restrictions on moving homes in England were removed in May 2020, but what impact did the temporary emergency rules on moving into a new house have on renters? According to new research by Ome, utilising data from government approved deposit protection scheme mydeposits, lockdown caused a marked decrease […]

Citizens advice calling for tenant loans and grants in tiers 2 and 3

22nd October 2020

Citizens Advice is reporting on a series of gaps in protections in England that do not align with the coronavirus lockdown tiers and that in some areas, particularly rent and council tax, the lack of broad national protections could see people at risk of falling behind on vital bills. The only increase in protection for […]

ONS UK House Price Index for August 2020 up 0.7%

22nd October 2020

The office for National Statistics has released the UK House Price Index summary for August 2020 showing the average price of a property in the UK was now £239,196 reflecting an annual increase of 2.5% and a monthly increase for August of 0.7% At the individual country level, the largest annual house price growth in the […]

Capital appreciation covering the costs of running a property

22nd October 2020

Research from GetAgent.co.uk has found that nearly half of all properties pay for themselves when it comes to the average annual cost of upkeep and the increase in capital appreciation. GetAgent.co.uk looked at each local authority in England and the total current upkeep costs of a property on an annual basis, based on: annual council […]

Absent freeholder since purchase in 2011 suddenly appears?

21st October 2020

I own a 1st floor top flat that I purchased in 2011 for renting purposes. The property is leasehold however there is no service charge or ground rent payable. The freeholder has been absent since I purchased the property and I have no contact details. I purchased a 2nd flat below mine last year, so […]

Welsh temporary lockdown – Is moving home permitted?

20th October 2020

Welsh First Minister, Mark Drakeford, announced A short, sharp “firebreak” will be introduced across Wales at the end of this week to help regain control of coronavirus. The fire-break will start at 6pm on Friday 23 October and end on Monday 9 November. It will apply to everyone living in Wales and will replace the […]