Page 484 – Property118

LHA guaranteed to cover at least 30% of market rents

23rd March 2020

The NRLA are welcoming the Chancellor’s package of measures to support people’s incomes during the Coronavirus outbreak. The Residential Landlords Association and the National Landlords Association are pointing especially to the decision to ensure the Local Housing Allowance is guaranteed to cover at least 30% of market rents in a claimant’s area as a vital […]

Coronavirus – Covid 19 – Open Letter To All Landlords And Tenants

22nd March 2020

Dear All Every single human being on this planet is both concerned and affected by the Covid-19 Corona virus in different ways. During these difficult times, it is important that we all remain level-headed, which is why I am sharing my private thoughts with those of you who rent your home and those of you […]

Four Property Investment Structures – Video Interview

20th March 2020

In this video, Mark Alexander (founder of Property118) discusses ownership structures for buy to let landlords with Ranjan Bhattacharya. As the video is 26 minutes long you might want to grab yourself a cuppa before you start watching. The first two key messages are that buying in your own name or within an ‘off-the-shelf-company’ are […]

Landlord Action receives first court adjournment due to Coronavirus

20th March 2020

Landlord Action has received its first court adjournment from Blackpool County Court for a Section 8 eviction, after the government announced this week it is to ban evictions and introduce three-month mortgage payment holidays for landlords whose tenants are struggling to pay rent due to coronavirus. A statement from the county court says all new […]

Call for Government to build on work to support PRS

20th March 2020

The NRLA are calling on the Government to build on its positive steps to date to support the private rented sector through the coronavirus outbreak. They are calling for: Efforts to help reduce costs for landlords without mortgages Not all landlords have a mortgage and therefore will be unable to secure a buy-to-let mortgage holiday. […]

Buy to Let lenders will support all customers including Limited company products

20th March 2020

UK Finance has confirmed Buy to Let (BTL) lenders will look to assist all customers by extending the option of a payment holiday of up to three months to residential BTL  landlords who have tenants who are experiencing issues with their finances, as either a direct or indirect result of Coronavirus, as well a three […]

Emergency Coronavirus Bill (HC Bill 122)

20th March 2020

The government has released its emergency Bill for legislation introducing emergency powers to tackle the spread of Coronavirus. Click here However, on initial skim reading and form the contents list it does not seem apparent that there will be any new or temporary legislation clarifying the position regarding protecting tenants from eviction or landlords from […]

Student wants to abandon tenancy agreement unilaterally?

20th March 2020

I have a student HMO, one of the students who merely signed up 2 months ago for a 6 months contract without any deposit has contacted me today and advised that, as her University is closing due to pandemic she no longer needs the accommodation and would be returning back home as her parents are […]

Bank of England emblem symbolising decision to hold the Base Rate at 5%

Bank Base Rate cut to 0.1%

19th March 2020

The Bank of England’s Monetary Policy Committee (MPC) convened a special meeting and voted to cut Bank rate to a record low 0.1% and increase holdings of UK government and corporate bonds by £200 billion. “The spread of Covid-19 and the measures being taken to contain the virus will result in an economic shock that […]

Landlords must now work collaboratively with their tenants

19th March 2020

On 18 March, the government announced that landlords will be blocked from evicting tenants who cannot pay their rent because of job losses or having to look after their children as a result of Coronavirus. The move announced by Housing Secretary Robert Jenrick stated that new eviction attempts will be banned for three months to […]

Coronavirus could worst case cost BTL sector £14.9bn in 3 months

19th March 2020

The latest research by Ome has found that the impact of the Coronavirus could cost buy to let landlords nearly £14.9bn should tenants be unable to pay rent during the three month support period announced by the government yesterday. Last night the government announced that they would suspend new evictions and halt new possessions proceedings […]

Can I still rely on guarantors?

19th March 2020

If the tenant, who decides for whatever reason to stop paying their rent even if having work or the funds, and has a guarantor does this emergency legislation stop landlords from going the the guarantor for the rent. Or is it only to stop the serving if s21 or s8 notices. Not talking about evicting […]

Renting to Housing Association for refugees?

19th March 2020

I have been asked by a Housing Association to rent one of my properties to them. They will then re-let the property to people on their list. They guarantee the payment of rent and will be paying approximate market rate. They have also agreed that they will only let to a single family and not […]

Will I now have to postpone S8 eviction?

19th March 2020

Hi All, I have a court hearing in 2 days for a section 8 notice. The government has just announced there are to be no evictions for 3 months due to COVID-19. Should I go ahead? Does this affect previous on-going evictions? Moreover, will I be re-imbursed by the government as I believe tenants nationwide […]

No Rent For Buy To Let Landlords

18th March 2020

Its a distressing time for Buy To Let (BTL) Landlords with tenants affected by Coronavirus (COVID-19). Now if tenants don’t pay their rent, landlords won’t be able to evict them for non rent payment using a Section 21 notice. This poses a problem if tenants start to demand rent payment holidays of their landlords. In […]

Three month mortgage payment holiday extended to Buy to Let

18th March 2020

The government has announced a radical package of measures to protect renters and landlords affected by coronavirus. As a result, no renter in either social or private accommodation will be forced out of their home during this difficult time. Emergency legislation will be taken forward as an urgent priority so that landlords will not be […]

NRLA welcomes support for PRS

18th March 2020

The NRLA have welcomed government action to support landlords and tenants affected by Coronavirus. In a joint statement, the Residential Landlords Association and the National Landlords Association said: “Our priority is to ensure that tenants are secure in their homes during this crisis. The three month buy to let mortgage payment holiday will take a […]

Temporary solution to rent payment issues following Covid-19 advice

18th March 2020

Government advice to restrict the spread of Coronavirus is, and will obviously have, a detrimental knock on effect to levels of employment, wages and self employed income. Jeremy Corbyn and the Labour party are pushing hard for legislation such that non-payment of rent due to Coronavirus would not count as legal grounds for eviction. Boris […]

Sometimes, some things have just got to be said

18th March 2020

Sometimes, some things have just got to be said, because what tenants think is helping them, is in fact doing the opposite (see screenshot below). Unbelievable! This Corbyn and Labour anti-landlord people publicising tenants should get a break from paying the rent. All they are doing is making it harder for tenants as more landlords […]

Tax liability on demolishing family home and building 2 new houses?

18th March 2020

I have just gained planning permission to demolish my family home and attached granny flat and in their place build 2 x new 4 bedroom detached houses. My family have lived in the house for 38 years and the granny flat is now 30 years old. My eldest daughter now lives in the granny flat […]

Gas Safe Register logo highlighting legal requirement for valid gas safety certificates

Covid19 and Gas safety Certificates?

18th March 2020

Just been talking to my Gas engineer about Covid 19 and he is considering battening down for the next few months, I wonder where we all stand over annual safety certs if you cannot get an engineer to visit premises? I appreciate we are all responsible for getting them done, but would a Judge consider […]