Page 473 – Property118

Family Subletting to unrelated couple?

8th October 2020

Hello, I have a property where 5 tenants are staying (not as an HMO – They are a family), each of whom has signed the contract. The contract is expiring early December 2020, they also have 2 part payments in arrears. I went to visit the property and on entering, I noticed that 2 family […]

Person surrounded by question marks symbolizing confusion over rent-to-rent issues

3 vacant properties v 2 separate tenants not paying rent?

8th October 2020

Hi, I have 3 vacant residential properties -V- two tenants who are not paying their rent since February 2019. Possession for one property was granted 7 months ago in March 2020 and the tenant is still occupying the house. I am now reluctant to rent the three other properties fearing what will happen and the […]

The Latest Scam – Landlords Are The New Target

8th October 2020

Do you remember law firms offering to claim PPI as no win, no fee? Well, I’m sorry to have to say that landlords are the latest group that the ambulance chasers have set their sights on. I speak from personal experience. Let me tell you what happened, in the hope that others don’t get intimidated […]

Welsh Tenancy Saver Loan scheme paid directly to Landlords or Agents!

7th October 2020

A new £8 million Welsh Government Tenancy Saver Loan scheme to help tenants struggling with rent arrears due to coronavirus has launched by Minister for Housing and Local Government Julie James. First of its kind in the UK, the Tenancy Saver Loan scheme will be open to private rented sector tenants in rent arrears and […]

640,000 empty homes in England

7th October 2020

There are currently a shocking 640,000 empty homes in England, which account for 2.65% of all houses. But where in the country are the most houses sitting vacant? Coulters have conducted research using Ministry of Housing, Communities and Local Government data to discover the areas with the highest percentage of vacant homes and reveal the […]

House prices up by more annually than savings on Stamp Duty holiday

7th October 2020

The September Halifax House Price index has just been released showing annual growth of 7.3%, quarterly growth of 3.3% and a monthly increase of 1.6%. The new average house price now stands at £249,870. The key question is how long will pent-up demand from the lockdown and the Stamp Duty holiday incentive continue to outstrip […]

tenancy agreement form, Property 118

‘Permitted Occupier’ status – new AST needed?

7th October 2020

Short scenario – Tenant is asking for a partner to move in. I won’t offer a joint tenancy as the incoming person has not been in a job long enough to warrant this (still in 6 month probation period) and even then she won’t be able to afford the full rent herself. The existing tenant […]

Be warned – Use your own electrical contractor?

7th October 2020

A note which should be issued to all Landlords using a managing agent for their properties: You may be aware that new Electrical Regulations are coming into force for rental accommodation. Until now, it was only necessary to have a full electrical installation test every 10 years. Under the new regulations, this period is now […]

National Landlord Investment Online Super-Show Thursday 8th October

6th October 2020

The first National Landlord Investment Online Super-Show opens the 8th October 2020 with the following Schedule: Click here to register and join 9am – The Show opens with an introduction by LIS team 9.05am – David Smith, Economics Editor of the Sunday Times and feature writer of Property Notify will be providing you with an […]

Boris is wrong about renting not being a home of your own

6th October 2020

The Prime Minister is wrong to believe that those in private rented housing are unable to turn the properties they live in into a home of their own. The implication in his speech today to the Conservative Party Conference flies in the face of a previous survey of tenants carried out by the National Landlords […]

The tenant eviction process is no longer fit for purpose

6th October 2020

Under the current system it can take up to 14 months to get your property back, this is not good for Landlords or tenants. If the current system is left unchallenged then this will lead to a slow demise of the private rented sector. It’s time to take a stand and do something about it.  […]

Licensing proposed for Loughborough during crisis!

6th October 2020

Selective Licensing is being proposed for Loughborough, and they ain’t even telling Landlords publicly. A mate of mine who is going to be affected by this has asked for all of you with properties in Loughborough to be aware. Charnwood Borough Council are consulting on two licensing schemes, one to capture all smaller HMOs in […]

HMO prejudicing the sale of my property?

5th October 2020

I bought my Aberdeen flat March 2014 while working overseas and did not step foot into it until April 2018. During this period the property was being utilised by a friend and her family for the first 2 years followed by 2 years of rental. Unbeknown to me at the time of purchase the owner […]

Average UK rent up to £987

5th October 2020

The September 2020 HomeLet Rental Index has been released indicating on their figures that the average monthly rental cost in the UK is now £987. This is an increase of 0.2% compared to August and 2.1% annually. Excluding London, the average rent in the UK is £828, an even greater increase of 0.4% monthly and […]

S8 eviciton and Notice of claim dilemma?

5th October 2020

This is all new to me so please do not judge as my stress levels are through the roof already. I have a block of 4 flats and one tenant has been causing horrendous problems for my other tenants and me. I served a s21 notice and since then my property has been vandalised 3 […]

Satisfaction not Guaranteed

5th October 2020

Given current economic circumstances, many more landlords than previously will accept tenants who are or may in future be in receipt of benefits. With the ending of furlough and possible widespread redundancies, many tenants may find themselves in financial difficulties. The current restrictions on taking action against defaulting tenants make eviction difficult. Even if the […]

Veteran Landlords Decimated by University Crisis

2nd October 2020

In a shock move, the University of Warwick has pulled the rug out from under more than 500 Coventry and Warwickshire landlords. After guaranteeing some 3,000 plus students for over 500 properties they are now saying to ALL those landlords “So long, we won’t be using your property anymore!” There will be an Emergency Zoom […]

Landlords pay for Council incompetence

2nd October 2020

Yes, their incompetence is blatant to those who have to challenge them on a daily basis. The arrogance and aggressive methods are leaving landlords terrified and they produce no evidence because they claim they don’t have to. You may not want to believe this, but then you don’t deal with as many councils as we […]

Mitigating IHT on property growth

2nd October 2020

Just suppose you’re buying a rental property right now for say £200,000. Is it reasonable to assume that it will probably double in value in your lifetime? If so, and assuming your net assets are worth more than your IHT allowances provide for, that’s another £200,000 headache for your loved ones to deal with when […]

David Smith discusses attending the online National Landlord Investment show

2nd October 2020

The National Landlord Investment Online Super Shows are off to a flying start. As a host of live events, 2020 has presented us with exceptional challenges. Our response is to lead the market by delivering the first ever online show dedicated solely to the UK buy-to-let market. The LIS team have been flat out working […]