Page 473 – Property118

Covid-19 Mini Budget: What this means for property investors

8th July 2020

Rishi Sunak delivers his mini budget (summer economic update) The Chancellor announces SDLT stamp duty holiday for property purchases and its great news for property investors, UK property investment. Watch this video below as I provide analysis on what this means for property investors. 

Implications of mortgage payment holidays, BBL & CBILS on future loan applications

8th 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 implication of mortgage payment holidays, BBL & CBILS on future loan applications. Kate Faulkner is a UK property analyst and a regular commentator on BBC, ITV and national newspapers. Brooklands Commercial […]

Summer Economic Update – Landlords Reaction

8th July 2020

The Chancellor, Rishi Sunak, has just given a Summer Economic Update to the house of commons as the second of three phases to guide the UK through the Covid-19 National Emergency. The much anticipated, hyped and discussed Stamp Duty reductions increasing the threshold where no SDLT is paid to £500,000 will be introduced with immediate […]

NRLA welcomes Chancellor’s support for Green improvements

8th July 2020

The NRLA have welcomed the Chancellor’s announcement that they will be able to apply for vouchers to help fund the cost of energy improvements to rental homes. Responding, Ben Beadle, Chief Executive of the National Residential Landlords Association, said: “Improving the energy efficiency of rental housing is good news for tenants, landlords and local economies. […]

Sub-letting tenant breaching contract but refusing to leave?

7th July 2020

Hi, since my last visit to my 3 bed property six months ago, my tenant on an AST has sub-letted all the rooms individually and he is occupying one of them. He is now 3 months behind on rent and I am sure he is using covid as an excuse to stay rent free as […]

Splitting into leaseholds on freehold building to refinance

7th July 2020

I have a freehold building which was developed into several flats. I am looking hold on to them to rent, but would like to split into leaseholds as the mortgage rates are more competitive (the difference in rates have reduced over the last couple of years but the financing cost have gone up hugely) and […]

What to make of Qs 6 and 7 on new N5B Claim form?

7th July 2020

On the new N5B Claim form for possession of a property located in England Question 6 asks: On what date was the property let to the Defendant by way of a written tenancy agreement? 7. The tenancy agreement is dated Day Month Year I’m evicting a tenant who has been on the same assured shorthold […]

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 […]