Page 475 – Property118

Advice on HMO letting Agreement?

30th September 2020

Hi All I would like some advice on what would be the most appropriate, rental agreement for residence living in a HMO property, where they have there own private room and have shared access to lounge kitchen and bathroom. Would it be best to use an AST or a licence agreement or any alternative agreement? […]

Join the team and a host of expert speakers and exhibitors 8th October online

30th September 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 […]

Council tax rates across the country and the least expensive is Westminster!

30th September 2020

New research from Coulters Property looks at Band D council tax prices around the UK to reveal the UK’s highest paying council tax areas. Click here It shows just how much it varies across the country with some homeowners at the top end paying £1,300 more than those at the bottom. The Top 10 Areas […]

Annual House Price growth up to 5%

30th September 2020

The Nationwide House Price Index has now been released for September indicating annual price growth accelerating to 5.0% in September, the highest rate since 2016 Prices rose 0.9% month-on-month, after taking account of seasonal factors and most regions saw a pickup in house price growth rates in Quarter 3 this year. The average house price […]

Housing supply figures for England unsurprisingly crash

30th September 2020

MHCLG has now released the ONS figures (seasonally adjusted) for the number of dwellings where, according to building control figures, building work has started on site. This was 15,930 homes in April to June 2020 which was a 52% decrease when compared to the last quarter and this steep fall in activity reflects UK government […]

13% of properties sell for over asking price

29th September 2020

The NAEA Propertymark August report has indicated after the stimulus of the Stamp Duty holiday 13% of properties sold for more than the original asking price. This is the highest percentage in nearly 5 years. However, 53% of properties still sold below asking price. In July this year only 8% sold above and in June […]

Homelessness Reduction Act review puiblished

29th September 2020

Nearly a quarter of a million households who were homeless or at risk of becoming homeless have been helped to keep their home or into longer-term accommodation, by the implementation of the Homelessness Reduction Act (HRA).  The Review of the act has been published 25th September 2020. The Homelessness Reduction Act, which was brought into law in April 2018, […]

FREE Livestream 7pm – Sky’s Property Elevator

29th September 2020

FREE Livestream Wednesday, 30th September at 7pm: Property Elevator Series 2 Preview The hit show Property Elevator returns to Sky Channel 192 for its second series. A ‘pitch’ show where property entrepreneurs present their deals in a bid to win funding from the Property Angels. Join the show’s Producer Michael Hammond & all 5 Property […]

Percentage of let agreed properties compared to listed is climbing

29th September 2020

The latest Rental Demand Index for Quarter 3 from Howsy, has revealed that demand for rental homes across the UK’s major cities has increased +13% since Q2. Howsy’s index looks at rental listings across all of the major property portals, taking an average demand score for the nation’s major cities based on where has the […]

Advice for students wanting to leave their accommodation early

29th September 2020

Citizens Advice has issued the following advice if you are a student in privately rented accommodation who wants to move out and end your tenancy. What are your rights? Generally, you are liable for any rent due until the end of your fixed term (and any guarantor may be pursued if you don’t pay). Some […]

Problem getting access for EICR remedial work

28th September 2020

We recently had an EICR, which highlighted some C2 failures. It was difficult to arrange the EICR, and now proving even more difficult to agree on access with the tenant for the remedial work. Being fairly minor in nature, these are not major issues that will take a long time or cause great disruption. Meanwhile, […]

Reverse Lease Premium or alternatively as Dilapidations?

28th September 2020

We are in the process of negotiating a lease surrender with a retail tenant. They wish to split the value between a Reverse Lease Premium and Dilapidations. Is anybody able to suggest what the tax implications could be for us as Landlords if we were to opt for the value to be attributable as a […]

Unlicensed HMO with 2 self contained Units and 2 Rooms

28th September 2020

Dear All, I have a HMO and I have complied with all regulations including Smoke Alarms, Fire Doors, Fire Extinguishers etc and I have completed Fire Risk Assessment. Based on Fire Risk assessment all minor actions have been dealt with. Accordingly, I have EICR, Gas Safety, Floor Plans, EPC in place. In total, I have […]

Market standing firm despite turbulence

28th September 2020

The latest summary of market health from Benham and Reeves, has revealed that the market stood firm in Q2 despite the broader turbulence of lockdown. Data from the top four house prices indices to give an overall view of market health based on buyer and seller expectations via mortgage and asking price data, as well […]

HM Treasury sign on a government building wall

No Furlough for landlords?

28th September 2020

Anyone in this group belong to a landlord association? Question for NRLA why are they not more vocal in the lack of furlough support by the government for landlords. Landlords get no support whatsoever! No support at a time we cannot evict and have to pay more tax it’s so unjust. Why aren’t they shouting […]

Rent guarantor necessary in this case?

28th September 2020

I have a 2-bed flat where the rent is £640 pcm. The tenant is part working and on UC. As she can pay 5 weeks deposit herself and RIA, the Local Authority have said they can’t help her further. I am just waiting for her to allow me to talk to DWP direct about her […]

Freeholders can build 2 floors now without permission – How to object?

28th September 2020

Regarding the law passed by Sep 2020 – The Town and Country Planning (Permitted Development and Miscellaneous Amendments) (England) (Coronavirus) Regulations 2020 (S.I., 2020, No. 632) Without planning permission, the freeholder can add two stories onto existing blocks of three stories or more. What are our options to fight this absurd gift to freeholders? For […]

Winter Economy Plan leaves landlords out in the cold

24th September 2020

Rishi Sunak has outlined additional government support to businesses and workers impacted by coronavirus with a package of measures that will continue to protect jobs and help businesses through the uncertain months ahead as the spread of the virus is tackled. The package includes a new Jobs Support Scheme to protect millions of returning workers, […]

We cannot continue to let Landlords struggle without support

24th September 2020

Responding to the Chancellor’s Winter Economy Plan, Chris Norris, Policy Director for the National Residential Landlords Association, said: “We welcome the Government’s measures to subsidise wages. We warned that the end of the furlough scheme ran the risk of many households facing further difficulties in paying their rents. Today’s announcement is an important first step […]

Property Talk on the Tyne

24th September 2020

A self-made North East property entrepreneur has launched a new consultancy and podcast in a bid to help other would-be developers on the road to a property career. In estate agent Tony Fairs’ podcast Property Talk on the Tyne, he will share his own tips from inside the industry, plus cautionary tales from new developers […]

Landlords are paying the price for the eviction ban

24th September 2020

The latest research from Howsy, has revealed that since lockdown (March), average rent levels have dropped in seven out of 10 areas of England and Wales. Howsy looked at the average rent paid between the start of the year and lockdown and found that on average, the cost of renting had climbed 2% with just […]