Page 473 – Property118

NRLA call for benefits to cover rents

22nd May 2020

The NRLA are supporting calls by MPs on Parliament’s Housing, Communities and Local Government Select Committee to boost the financial support available to tenants during the COVID-19 outbreak. Responding to the Committee’s calls for the Local Housing Allowance to be set at a rate that reflects real market rents, Ben Beadle, Chief Executive of the […]

Uni tenant demanding 3 months rent for water damage?

21st May 2020

The house I rent to students was water damaged by storms and my tenant was unable to use her room for 10 days. She therefore  went home as the University was Closed. I have offered her two weeks rent, but she is now demanding 3 months plus compensation. I have spoken to my insurance company […]

Negotiating rent arrears repayment

21st May 2020

During the pandemic, many employees will have found themselves furloughed, or worse, without employment. This means that they might struggle to continue to pay their rent. If you have a tenant who has not kept up with payments and has built up rental arrears there are steps you can take. This article looks at some […]

Covid-19 commuter savings can help tenants

21st May 2020

With many of us still restricted to working from home or on furlough, research by Ome shows the average UK commuter is benefiting to the tune of £66 a month that would otherwise be spent travelling to and from work. Now that the market has reopened for business, tenants will be looking to move to […]

Are rent guarantee policies still being offered?

21st May 2020

I have been told that it is impossible now to arrange a rent guarantee and tenant eviction insurance policy as these have been suspended, a better way is to say they have been withdrawn from the market. I was told by the NRLA yesterday that rentguard with whom they work has suspended and the brokers […]

4 students moving in 8th June?

21st May 2020

Hi all, some advice please. I have new students moving in, saying that they are uncomfortable as gov guidelines suggest different households should not mix. They are suggesting delaying till 1st July, and fishing for money off the rent. I have searched Gov. uk and found no advice. Although I did find this on BBC: […]

Money Laundering Regulations – Proof of ID?

21st May 2020

Hi, I’m considering using a new letting agent and he’s asked for ID, including either a Driving License or Passport. I’m not keen on going in to a Post Office to send them recorded delivery but vaguely remember when I sold a property a few years ago the agent could verify ID from my NI […]

Landlords taking the hit to support tenants

21st May 2020

Private landlords have been willing to take a temporary hit to rental income to support tenants struggling as a result of coronavirus according to a survey of over 4,500 landlords by the National Residential Landlords Association. 90% of landlords who had received a request for support from a tenant had responded positively. This included offering […]

Strict liability for Unlicensed HMOs? – Legal Cases Webinar

20th May 2020

In our Landlord Law Legal Cases series, we discuss one important landlord and tenant legal decision in the Courts with one of the barristers in the case. We will be running the next webinar on Tuesday 26 May at 10.30 am and it is a case on HMO licensing and strict liability. Click here The […]

Company guaranteed rent set-up?

20th May 2020

I have been hoping to invest in property for a few years, but as friends of mine have struggled with bad tenants, I have been hesitant. I have wondered whether investing in property, but using an estate agent that can guarantee my rental income would be worthwhile? I have found some estate agents advertising a […]

LandlordZone report court preparing to start possession cases on 29th June

20th May 2020

LandlordZone  reported that a busy civil and family court has told a regular user it is preparing to start listing possession hearings from Monday 29th June and this could indicate the start date for other courts around the UK. Does this mean that the government is not looking to extend the three month eviction ban […]

How to invest in property post Covid-19

19th May 2020

In this video I share 5 criteria for making successful property investments in a post Covid-19 property market recession. Essential viewing if you are serious about UK property investment and if you want to learn how to invest in property. Also register For this months FREE Baker Street Livestream property networking event attended by 1000+ […]

Councils are persuading even experienced landlords to self-incriminate

19th May 2020

You may well receive a letter from the council. It will look relatively innocuous and particularly bureaucratic. There is no standard format for these letters, and one could be forgiven for concluding that they deliberately make them confusing so that you, the landlord, don’t realise just how serious they are until it’s too late and […]

Citizens Advice say tenants should not be pressured to allow viewings

19th May 2020

Citizens Advice wants the government to extend the measures put in place to protect tenants from the financial impact of the coronavirus pandemic. In particular the government should accelerate its policy to scrap section 21 and is also calling for temporary changes to allow courts further discretion when faced with tenants whose rent arrears have […]

Bank of England chief economist tentatively discusses negative interest rates

19th May 2020

Andy Haldane, the Bank of England’s chief economist, has told the Sunday Telegraph that negative interest rates could be considered in an effort to combat economic effects of the coronavirus lockdown measures. Haldane indicated the Bank of England is currently reviewing a number of monetary options it could take in its response to the global […]

Rental stocks recovering after market is opened

19th May 2020

In the wake of last week’s ease of property market restrictions, the number of rental properties hitting the market surged by as much as +44% in some UK cities as landlords returned and letting agents were able to resume business. Howsy’s research analysed the number of available rental properties listed across the major portals the […]

Rent guarantee agent changed contract without permission?

19th May 2020

Hey all, in February I signed a rent guarantee agreement with an agency for 18 months. I have a 7 bedroom HMO which I have only just finished the refurbishment on. Unfortunately, Covid-19 came along and the lockdown was enforced before they could fill all the rooms. She rang me asking for help as in […]

Buyer asking for further reduction due to current situation?

18th May 2020

Just before the pandemic we had an offer for a Leasehold Maisonette which we advertised and we accepted a reduced offer. Since then he has asked for a further reduction of 5K due to the uncertainty of the current market promising to exchange contracts without any delay. We had the boiler replaced in 2013 for […]

Correct phone line cable?

18th May 2020

I am planning on inserting a phone cable in a property before putting the carpet down, but am still some weeks off completion of the property. Does anyone know the current recommended cable to go in for a phone? I Want to do it myself as do not want to start paying for phone services […]

Accountant aggressively refusing refund?

18th May 2020

I signed Terms Of Business with firm of 1 man band accountants and paid initial deposit of circa £2150. I never met this accountant face to face only transacted over the phone, email and once video call. After signing terms of business the only job he has done was to complete simple 1 page HMRC […]

First eviction in 25 years – She asked as she wants a council house?

18th May 2020

Hi, I’m in the middle of getting paperwork ready for when evictions restart and have a couple of queries regarding the accelerated eviction form ( claim for possession of property). I served notification well before lockdown began. 1. I was aware I had to send a copy of the gas certificate that I gave the […]