Page 487 – Property118

Definitive answer on live-in landlord status?

5th March 2020

I’m just wondering whether you can tell me definitively from a legal point of view: I have lodgers in my house and the fourth bedroom is mine. I have been offered a summer job abroad which could see me going away up until mid December. Does this affect my live-in landlord status? I don’t want […]

Freeholder charging £36k for a new roof for my BTL Flat!?

3rd March 2020

I am extremely ill informed as to what to do next. If someone could point me in the right direction, whether it be advice on here, or which professional I should be taking to about this  – I am happy to pay for a solicitor if that’s what’s needed The building is a 2 story […]

Stamp duty overhaul could be put on ice in Budget

3rd March 2020

The property industry will be hoping that housing is a top priority in the upcoming Budget, set to be delivered by new Chancellor Rishi Sunak on March 11. It is the first Budget from the new government elected in December and although it could be a quiet day for the private rented sector, the industry […]

Is the no-deposit scheme correct?

3rd March 2020

I would appreciate your views on the following. I had a new tenant sign up for a 12 month (fixed-term) AST for a room at £550 pcm. I gave the tenant the option of providing a deposit equal to 5 months’ rent or for him to set up an arrangement with a no-deposit scheme equal […]

Mark Smith (Barrister-At-Law) Landlord tax planning strategies – Stoke-on-Trent

3rd March 2020

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be presenting an overview of several landlords tax strategies at the pin Stoke-on-Trent Meeting property networking event Wednesday 11th March 2020. The event will be held at the Premier Inn, Stoke Trentham Gardens, Stone Road, Stoke-On-Trent, ST4 8JG The Event hosts are […]

Rent controls might appear attractive but they would be a disaster

3rd March 2020

The Residential Landlords Association and the National Landlords Association is warning rent controls in London would be a disaster for aspiring tenants as the Mayor of London, Sadiq Khan, puts calls to introduce them at the heart of his re-election bid. Khan’s proposals come despite experts reporting the danger rent controls would cause at a […]

Government design competition for low carbon age-friendly homes

2nd March 2020

Housing Minister Christopher Pincher has launched a competition to attract the best and brightest talents of the housing industry to design the homes of the future. Small businesses, designers and manufacturers are invited to come forward with ideas for new low carbon, age-friendly homes, meeting the highest standards of design. These homes will be aimed […]

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

Coronavirus may trigger Bank Base Rate cut

2nd March 2020

Markets are starting to price in a Bank of England Base Rate decrease of at least 0.25% as central banks around the world marshal what monetary fire power they can against the potential economic consequences of a global Coronavirus pandemic. The next Monetary Policy Committee (MPC) meeting is due to take place on Thursday the […]

Average deposit cost has only increased 5% since 2014

2nd March 2020

The latest research by Ome has revealed how much tenants are paying to secure a rental property and how this has changed in the last five years, as well as how this price increase compares to other items throughout our daily lives. Ome’s data shows that the current tenant is now paying £1,139, a 5% […]

EPC vs Environmental Health?

2nd March 2020

I had an EPC RATED”E”issued November 19 (valid for 10 years), but Environmental health are trying to enforce MEES on lovely small 2 bed flat above shop. I’ve had the same “HAPPY” tenant for last 8 years and showed the Licensing officer the EPC rated “E”. The property was passed for “licensing” however the Licensing […]

Differences of opinion – What do you think?

1st March 2020

In the embedded video below there are a few answers given by the presenters (Mark Smith and Andrew Roberts) that I disagree with. The first is in regards to the pricing of Limited Company Buy-to-Let mortgages vs individual Buy-to-let mortgages. Whilst I agree that at face value there is a difference, in my experience, those […]

Can I use ex-tenant’s parent address to serve court papers?

1st March 2020

As I have written in one of my previous posts one of my tenants left owing £960 in rent arrears. On his last day he said that his father will pay the money owed, but once contacted his father answered that it is not any of his business. The father is self employed and his […]

Limited Company filing nightmare?

1st March 2020

I know Property118 likes a campaign every now and again, well how about this for the next one? Like many others, I’ve gone down the limited company route. When it came to filing my tax comps and statutory accounts online using the HMRC software, I was asked a series of questions. When I answered “Do […]

Which Solicitor is responsible for not recognising restriction on property?

1st March 2020

I have a restriction on a property as security against a loan lent to a property Director of a Company. The property was owned within the company by two Directors. The Director who took my loan has since left the company and the sole remaining director is stating no knowledge of the loan and states […]

Cinema extension adjoining flat?

1st March 2020

Good morning. I own a flat that is situated above a cinema, arts workshops, meeting rooms and bistro. The cinema have applied to extend by Building on the council owned car park. The council I understand we’re are the ultimate landlords and were involved and built the cinema and flats ? ( not sure where […]

Freeholder refusing responsibility for roof repairs?

28th February 2020

I have a problem with my freeholder, a large national company. I live in Cyprus so am not on the spot so to speak. The leaseholder in the flat below mine in the UK which I rent out, contacted my agent to say the roof had been damaged in the recent storms and the agent […]

Body sized hole in bathroom escape – Who pays?

27th February 2020

The tenant has caused damage to my property during an emergency. I have just had a call from my management agent regarding a block of apartments they manage for us, which are currently let out to students on an AST. Apparently one of the tenants got locked in the bathroom last night and was in […]

Government reject Brent Council application to extend licensing scheme

27th February 2020

The RLA has welcomed the Government’s rejection of an application by Brent Council to extend its licensing scheme for privately rented housing. This follows a similar ruling last month when an application by Liverpool City Council to renew its citywide landlord licensing scheme was rejected. The Residential Landlords Association argues that such licensing schemes are […]

Selling a property which has a difficult tenant?

27th February 2020

I want to sell a property which has a difficult tenant. I would like to know what happens if he does not let potential viewers access to the property? Are there any documents can I get the tenant to sign which could/will make the tenant cooperate in allowing agents access to the property for viewings […]

Fuseboard Confusion!

27th February 2020

I am just about to have the five year DEIC Report done on a block containing 4 one bed flats. We use the same electrician we have used for years, but even he is confused about the plastic board replacement to a metal one. Does he HAVE to replace the plastic boards if he feels […]

I decided to go Ltd Company route?

27th February 2020

I have been a part time BTL landlord for many years managing my portfolio of 10 plus residential properties myself, all of which are mortgaged . With the advent of the zero tax relief policy I decided to go Ltd Company route. I placed 7 of my properties into the limit company leaving 3 in […]