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Small Claim win but how do I get the money owed?

1st June 2020

I won the claim against a tenant who did a bunk leaving arrears and damage. Although she didn’t turn up to the last hearing, the court awarded me the figure I was chasing for. Do I need to await for something official from the court to say I can now progress getting back the money? […]

Tenant paid for repair herself at extortionate price?

1st June 2020

I have a tenant who had a leak from  the toilet cistern. She found a plumber herself who repaired the leak without telling the agent or myself as the landlord. The repair cost an extortion£276! When the agent later questioned their own plumber on the cost of the repair carried out they quoted a maximum […]

Covid-19 Code of practice for commercial landlords and tenants

29th May 2020

High street businesses and landlords are set to receive a new government code of practice providing improved clarity and reassurance over rent payments. A working group has been established by the government with the commercial rental sector to develop a code which encourages fair and transparent discussions between landlords and tenants over rental payments during […]

Should I let to family through my limited company?

29th May 2020

As the title suggests, I’m considering getting a BTL via a limited company with the intention of letting it to family – who would claim housing benefit. The family already lives in a council flat and benefits from getting housing benefit. The council flat is not fit for them anymore and I thought instead of […]

Long term rental of Furnished Holiday Let?

29th May 2020

We have received an enquiry for long term rental of 3 months for our Furnished Holiday Let (FHL), over our quiet period this coming winter and it appears quite tempting to take it. We have been running this FHL over the last 5 years and have complied with the occupancy rules each year and fully […]

Aldermore

Aldermore resumes physical BTL valuations in England

28th May 2020

Aldermore Bank is resuming physical mortgage valuations on rental properties for Buy to Let purchase and remortgage in England. Strict social distancing and safety measures will be met in line with Government guidance released on 10 May. Aldermore will ensure a detailed risk assessment is undertaken ahead of a valuation appointment so that the safety […]

Belvoir survey reveals decrease in COVID-19 related rent arrears

28th May 2020

A second survey of new COVID-19 related rental arrears conducted by Belvoir, the UK’s largest High Street property franchise, reveals that less than 5% of tenants across all four brands are in arrears. This compares to pre-lockdown arrears of 2%, and a decrease in new arrears was noted from the first survey in mid-April compared […]

Fight Against Massive Selective Licensing Scheme in County Durham

28th May 2020

Massive Thank You to Property 118! You were kind enough to run an article on the county’s unbelievable Selective Licencing proposals ( click here ) and, as a direct result, we had a serious jump in the number of Landlords signed up to support our campaign – Thank You! The Councils consultation has been on […]

Ambiguous CMA guidance over student lets

28th May 2020

The Government’s Competition and Markets Authority (CMA) has told Landlordzone that its recent pandemic emergency guidance could cover students lets where public health instructions under lockdown have precluded the use of rental property. The Coronavirus (COVID-19) pandemic, consumer contracts, cancellation and refunds guidance issued by the CMA on April 30th (click here) states: Where a […]

Does dog clause stack up legally?

28th May 2020

I have new tenants who indicated they may want to keep a dog at the property for which we would make an additional charge in the form of a higher monthly rent. The tenants decided not to go with it at the start of the tenancy, so we added a clause in the AST stating […]

£100,000 Coronavirus emergency donation by Paragon

27th May 2020

The Buy to Let specialist Paragon Bank has split a £100,000 between the NHS, Solihull Change into Action, Age UK and the company’s 2020 charity, Macmillan. Nigel Terrington, Paragon Banking Group Chief Executive, said: “Coronavirus is impacting on all of our lives and we hope this donation will help make a difference to some of […]

£18.49bn of Bounce Back Loans agreed

27th May 2020

HM Tearsury publish management information each Tuesday for each of the three Covid-19 emergency loan schemes schemes (CBILS, CLBILS, BBLS), including: The total number of applications, number of approved applications and the value of loans approved. The applications figure includes approved applications, those applications that are still to be processed, applications that have been declined […]

£1bn fund to remove dangerous cladding to support private leaseholders

27th May 2020

Building owners have been urged to act and put the safety of residents first as the government’s £1 billion Building Safety Fund to remove dangerous cladding was launched by Housing Secretary Robert Jenrick. It comes as the government published the prospectus for the fund which will meet the cost for remediation of unsafe non-ACM cladding […]

Rent Repayment Order Offer accepted Pre-Coronavirus?

27th May 2020

Our previous tenants from 2018 submitted a Rent Repayment Order claim for non licence HMO. Initial Rent Repayment Order Letter correspondence from previous tenants solicitor was received February 2020. We then made a financial offer Pre Coronavirus Pandemic, our offer was submitted to the tenants via there solicitor beginning March 2020. In the offer letter […]

Contract only signed by 1 tenant – is it legally binding?

27th May 2020

My tenancy agreement with my current tenants was set up as a 1 year tenancy, then moving to periodic, starting 1 Sep 2019. One of the tenants (secondary tenant) has stated she wishes to move out at the end of June, 2 months earlier than the tenancy agreement end date. Having looked back at the […]

EWS1 requirements mean many flats will become un-mortgageable?

27th May 2020

I have had an offer accepted on a modern (2009) flat, which I was planning to add to my rental portfolio. It’s on the middle floor of a small 3 storey block. However, I’ve now been told that the valuer cannot recommend that the mortgage company lend on the flat because of new certification requirements […]

Tonight’s Baker Street LiveStream: How To Finance Property Deals After Lockdown

27th May 2020

The Baker Street Property Meet Livestream Networking Event is tonight, Wed 27th May at 7pm. Join 1000+ property investors in the UK’s largest online property networking event. Tonight’s theme is ‘How To Finance Property Deals After Lockdown‘ I will host and explore the theme with tonight’s guests: Evan Maindonald, Melt Homes, who will cover the […]

Hemel Landlord Property Network- Meet Mark Alexander Tuesday 26th May

26th May 2020

The network is open to anyone who is interested in Property, whether you are a seasoned investor, new to investing or haven’t yet made that big property leap. We meet monthly to chat about property in a relaxed environment. May 26th 7pm. With additional special guest Mark Smith (Barrister-At-Law) Hon. Legal Counsel for Property118. MEET […]

Savings account loyalty does not pay

26th May 2020

Savers who stay put with their existing savings provider may wish to rethink any sentiment to stay loyal. If savers have an easy access account with a well-known savings provider, they may be earning very little interest on their funds, or even less than the market average. Analysis of live easy access accounts from 15 […]

6000 new supported homes to help end rough sleeping

26th May 2020

Plans to provide 6000 long-term, safe homes for vulnerable rough sleepers to be taken off the streets during the pandemic have been unveiled by Housing Secretary Robert  Jenrick MP. This commitment will be backed by £160 million this year and will support many of the thousands of rough sleepers currently housed in emergency accommodation to move on to more sustainable, long-term housing. By accelerating plans for the £381 […]

Head lessee breach of covenants?

26th May 2020

Can I ask what the remedies are when the Head Lessee in a block of flats breach the lease covenants? The head lessee is also in charge of managing the block (RTM is not possible due to the 25% rule in a mixed use block, i.e. commercial on the ground floor and residential above). I […]