Page 488 – Property118

HMO statutory room size discretion?

6th April 2020

As we all aware that statutory minimum size for room is 6.51 SQM. We have ample Kitchen and Dining area space and all bathroom facilities. However, one of the room total floor space is around 5.92 SQM. We have visited Aylesbury Council website and it states that “Discretion may be applied by the inspecting officer […]

Misleading the public as to what they are using their money for?

6th April 2020

I am struggling to understand why Shelter has the nerve to start a new (very expensive – as seen on TV) marketing campaign to raise funds for people who may have been made homeless because of Covid-19? Shelter already receive £15 million in funding from various public bodies, so why are they begging for more […]

Property service charges holiday?

6th April 2020

I have applied for mortgage holidays to help through this time. I have flats with service charges that are bigger than the mortgages. Is there an approach that can be made to have the same sort of payment holiday? Or at least a reduction? Many thanks John The Leasehold Advisory Service News page >> https://www.lease-advice.org/news-items/

Government must give clear statement on rental payments

6th April 2020

The NRLA are calling for a clear statement from government in response to campaigners’ calls for rent payments to be stopped during the coronavirus crisis. More and more landlords are contacting the National Residential Landlords Association saying their tenants are under the impression they no longer have to pay rent as a result of the […]

Meet Mark Smith (Barrister-At-Law) Landlord tax planning strategies – Online

3rd April 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 Chester, Hull, Sutton (Surrey) and Watford Meetings property networking event Thursday 9th April. The event will be held Online and Attendees can expect first class speakers and great networking opportunities. […]

Is the stage for a strong rebound once the shock passes?

3rd April 2020

Annual house price growth rose 0.8% in March, after taking account of seasonal factors, but the sample period excludes recent COVID-19 related disruption. Robert Gardner, Nationwide’s Chief Economist, said: “Annual house price growth increased to 3% in March, up from 2.3% the previous month – the fastest pace since January 2018 (when annual growth was 3.2%). […]

CBILS – No personal guarantees under £250k and available to all viable SMEs

3rd April 2020

The Chancellor Rishi Sunak is today (Friday 3 April) taking further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses. To maximise the support available, the Chancellor is extending the CBILS so that all viable small businesses affected by COVID-19, and not just those unable to secure […]

Landlords need to understand Universal Credit as tenants sign on

2nd April 2020

As The Department for Work and Pensions (DWP) grapples with nearly one million new claimants applying for Universal Credit following the outbreak of COVID-19, Caridon Landlord Solutions, part of Caridon Group, says landlords should educate themselves on the Universal Credit system now so that they can support their tenants and both mitigate the risk of […]

Windows smashed and tenant abandoned property?

2nd April 2020

I let a property to a couple about 5 months ago on a 12 month AST in February the couple split up and the man left,only to return weeks later and smash most of the downstairs windows. The police got involved and advised she seek alternative housing until he’d been arrested, which he was and […]

Gas Safety Certificate post emergency measures?

2nd April 2020

I have had trouble getting information out of British Gas concerning Gas safety certificates under the covid-19 restrictions. Their website had nothing on it. I have now had a reply to a tweet, and they will still be providing the service and in fact had engineers available the same day! Martin  

Government have created chaos in the PRS

1st April 2020

Private landlords in the UK have been left in dire straits not only by the coronavirus, but by the Government’s abysmal response to it. Whilst the Government has mentioned in its legislation that tenants must keep paying their rent, in its public pronouncements it has given a very different message – talking about landlords being […]

NRLA merger completes and Chair is announced

1st April 2020

THE country’s biggest landlord associations have officially merged, with a new Chair announced today. Jodi Berg OBE will head the newly created National Residential Landlords Association (NRLA) formed by the merger of the National Landlords Association and Residential Landlords Association. Jodi (see main pic) has spent 30 years working within the management of public and […]

Tenancy ends and how to observe Covid-19 lockdown?

1st April 2020

My tenant has given her 1 months notice to end her unfurnished room tenancy on 30th April. The property is a 2 person flat-share in South London and she is currently in lockdown in Wales. I am in Gloucestershire. I will offer to not charge rent from 1st May until I have vacant possession and […]

Landlord Law – Learning for Landlords in the Lockdown

1st April 2020

Are you bored and fed up, stuck at home during the Coronavirus lockdown? If so – why not join our Lockdown Learning Project. Every week we will be featuring a free (or very low cost) training course: Some will be online video courses. Some will be primarily text based perhaps with a few videos or […]

Covid-19 Temporary changes to Right to Rent

31st March 2020

Right to rent checks have been adapted to make it easier for landlords to carry them out during the coronavirus outbreak, the Home Secretary announced Monday 30th March. Effective immediately, the temporary changes will mean the Home Office will not require landlords  to see original documents and will allow checks to be undertaken over video […]

Not all Doom and Gloom

31st March 2020

The Good News Brooklands Commercial Finance is fully operational and assisting Property 118 clients in these unprecedented times. We are currently working with lenders that have replaced their requirement for physical valuations with remote valuations plus they are passing on the full 0.65% base rate drop on their variable rates. Maximum LTVs on owner occupied […]

Larger Portfolio Landlords Face Financial Oblivion Unless They ACT NOW!

30th March 2020

Janet and John have spent their time in isolation considering the impact of Covid-19 on their rental property business. They are predicting that in the 2020/21 tax year their rental income will reduce by approximately one third. This has already started happening with the inability to rent properties recently vacated and which they had been […]

Banks have not been pressurising government to freeze the housing market

30th March 2020

Contrary to the FT front-page headline “Banks seek to freeze property market as credit and virus fears hinder moves” (March 27), banks have not been pressurising the government to freeze the housing market. However there is no doubt that with the land registries in Scotland and Northern Ireland currently closed and valuations and viewings unable […]

New Permanent Secretary at the Ministry of Housing, Communities and Local Government

30th March 2020

The Cabinet Secretary, with the approval of the Prime Minister, has approved the appointment of Jeremy Pocklington as the new Permanent Secretary at the Ministry of Housing, Communities and Local Government (MHCLG). Jeremy succeeds Dame Melanie Dawes who left the Civil Service in February, and has been acting Permanent Secretary since her departure. Secretary of […]

Delay to Energy Efficiency regulations in Scotland

30th March 2020

The Scottish Government has announced that they have taken the decision not to introduce the Energy Efficiency (Domestic Private Rented Property) (Scotland) Regulations 2020, which had been due to come into force on 1 April 2020. SLE wrote an open letter to Kevin Stewart, the Scottish Government’s Minister for Local Government, Housing and Planning, expressing […]

Lodger rights at the current time?

30th March 2020

What are lodgers’ rights at the moment? Can their landlords give them a weeks notice as usual, and throw them out onto the streets with nowhere to go? The council isn’t even open! Can someone who knows please clarify this? Thank you. Marie