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How to Source Bargain Property Post-Covid – Wednesday 29th July

21st July 2020

This Month’s Theme – Online Networking Event How To Find Bargain Property Deals: Direct From Vendor & Through Auctions Live Stream with: Our Four Property Experts Jay Howard, Claire Norwood, Hanif Khan & host Ranjan Bhattacharya Don’t miss out. Join 1000+ property investors for this unique Live Stream networking event. Wed 29th July @7pm Register […]

Fast track to add 2 more storeys

21st July 2020

New laws laid in Parliament (21 July 2020) will deliver much-needed new homes and revitalise town centres across England, Housing Secretary Robert Jenrick has announced. The new rules, which will come into effect by September, will mean full planning applications will not be required to demolish and rebuild unused buildings as homes and commercial and […]

Electric meters for tenants – card pre-pay or smart?

21st July 2020

I’m renovating a five-bed, three-story flat into three separate flats (a floor each). I now need to determine what to fit in each flat: Prepay card meter – tenants know how much they have, top-ups when need to, better for budgeting, and as a Landlord no standing charges between tenancies Normal/smart billing meters – tenants […]

Shower pods – have you used them?

21st July 2020

We are completely fed up with tenants using in-shower baths and not taking care about over-spillage, creating a real mess on floors and ceilings below the bathroom. Therefore, we are thinking of using one of the Kinedo Constort Shower Pods, which claim to be leak proof. Has anyone installed these and are they as successful […]

Precise – Limited Company BTL 75% LTV 5 year fixed at 3.54%

20th July 2020

For a limited period and to take advantage of the Stamp Duty holiday for properties under £500,00, Precise Mortgages has launched a new 5 year fixed rate Buy to Let mortgage for Limited Companies at 3.54% to a maximum of 75% Loan to Value. The product is specifically for single dwelling residential properties purchased through […]

Red F1 help button on Keyboard

Help please and tenant’s surname spelt wrong?

20th July 2020

Hi, So basically my tenant’s AST runs out Aug 17th and I have served the 3 months notice during the lockdown, but the agent I used has spelt one of the tenant’s surname wrong looking at this? (Sidepoint), I have told my tenant late Jan this year before the lockdown that I want the property […]

Other Landlords refusing to pay for common repairs?

20th July 2020

I recently invested in a BTL property in Scotland (Renfrewshire) which is in a building containing 8 flats. 5 of these flats are privately owned and 3 are still under council control. 4 of the flats (including mine) being let by their owners. The council are not the factors for this building. There is currently […]

MPTL – Do limitations ensure Landlords are always out of pocket?

20th July 2020

I have a Managed Payment To Landlord (MPTL) for rent arrears set up. That was established on top-ups not paid at the date of application, so the deductions are set up accordingly. The tenant still continues not to pay the top-ups. Universal Credit have advised of another MPTL request for the arrears since the last […]

WARNING! CGT Going UP? – Property Investors Need To Act Now

17th July 2020

The Chancellor of the Exchequer, Rishi Sunak has announced a review of Capital Gains Tax. In this video I discuss with Alex Caravello, Property118 Tax Consultant and Mark Smith, Cotswold Barristers, what implications this will have on property investors and landlords and what action landlords can take now before any changes take effect.  Landlord […]

Housing Minister wants to give non-Covid related possession cases priority

17th July 2020

Housing Minister, Christopher Pincher MP responded to a written question from Labour MP Helen Hayes regarding the eviction ban extension and confirmed again that the ban on possession cases would end on 23rd August. The Minister indicated that priority would be given for landlords and tenants in cases that are not related to COVID-19 including […]

Is there any income to rent ratio you look to for affordability?

17th July 2020

Hi All, We have our flat advertised for tenancy and we got a couple who are interested to move in. We asked for all the relevant info for the reference check from TenantVerify, but also asked for last 6 months bank statement/payslips, which they happily provided with no delay. One partner has just started working […]

4 year rule and HMO planning permission

17th July 2020

I have an issue regarding an office that was converted into a 3-bed flat June 2016 with full planning permission and would welcome any advice on how to tackle the problem. Since being converted, it has been rented out to 3 friends and was covered by a Selective Property Licence which was the correct licence […]

Freehold sale – First refusal?

17th July 2020

I would like to know if I have the right to first refusal on the freehold of the property I own a lease on. I bought the flat with a ninety-nine year lease, the occupants in the other flat did likewise, after a number of years the freeholder put the freehold up for sale, both […]

What will students want from their accommodation post-coronavirus?

16th July 2020

The coronavirus pandemic has disrupted almost every facet of society. For landlords and property owners, the disruptions have been significant, with many tenants facing furlough or redundancy and no way to pay rent. This issue has been even more challenging for student property providers, as university terms being brought to an early end led to […]

Legal advice on property for sale with multiple agents?

16th July 2020

I need some legal advice on a property for sale, please. Three agents were advising on our property for sale back in September 2019. There were few offers, which were not accepted until January this year. Agent A forwarded an offer in January, which was accepted but later on the buyer, which was a company […]

Discussing Unique Property Reference Numbers with Kate Faulkner

16th July 2020

Welcome to the Landlord and lawyer Podcast with myself and Ben Beadle. Our first episode is now live. Read our article or listen to the post below. Click the button to listen to the episode on Apple, Google or Spotify. “So what are Unique Property Reference Numbers (UPRNs)? Kate describes them as a ‘little holy […]

Notice to Quit received – first time for everything?

16th July 2020

One of my tenants has issued me with a Notice to Quite after she realised I wasn’t bluffing when I issued a Section 21. Anyway she is due to leave on 27th July, with a debt that I can’t get agreed for a TPD with via DWP (not that I have much time now anyway) […]

Does it have to be a metal fuse box now?

16th July 2020

I am being told that to comply with new electrical regulations we need a certificate of fitness. I am also being told that the plastic fuse box/consumer unit needs to be replaced with something of non-combustible construction? This means made of metal! We have spent the last 50 years taking out metal fuse boxes because […]

Temporary Welsh increase to nil rate band of LTT for main residences only

15th July 2020

The Welsh Government has announced a temporary increase to the nil rate band of Land Transaction Tax (LTT) to £250,00 for main residence property transactions from 27th July 2020 until 31st March 2021. The tax paid for higher rate residential or non-residential transactions are unchanged. There will still be additional rates to pay for landlords […]

International Student payment before arrival?

15th July 2020

We are considering an International Student who has viewed the room to rent via Whatsapp and has chatted to me about the rental. She would like to take the room, but will not be in the UK until mid-September. We have agreed to commence a 12-month tenancy from 1 September and will email the contract […]

Unfair Property Management Contract?

15th July 2020

I think my property management agent is proposing an unfair contract and I’d appreciate the views of the wise landlords on this forum. For more than 10 years I have employed the same agent to manage my rental property in London. My tenant of the last 5+ years is leaving and the agent has sent […]