Page 491 – Property118

Facts and Figures for London’s BTL market

23rd June 2020

The latest research by Howsy, has looked at the facts and figures of investing in London’s buy-to-let sector. Rental yields are the main gauge of buy-to-let profitability and at 4.8%, outer London is home to the lowest average yield of all regions. Inner London doesn’t fare much better at 5%, the second-lowest average yield of […]

Adult child needs to apply for ESA – UC shift?

23rd June 2020

Single mum with 4 kids has been in one of my houses for a number of years and in receipt of the 4B HB rate. She is the carer to eldest child (girl) – the child has been receiving “low rate mobility” + “enhanced rate of personal care” (so the tenant informs me)”. Other kids […]

Learn about the Trecaccel v. Rouncefield case

23rd June 2020

The case of Trecarrel v. Roucefield is one of the most significant cases this year. It is the case where the Court of Appeal held that failure to serve the Gas Safety Certificate on tenants before they move in is not fatal to a subsequent claim for possession under section 21. if you want to […]

Struggling to find lodgers during lockdown?

22nd June 2020

I rent out rooms to lodgers in my 3 bed flat in greater London. In the beginning of March, sadly my lodger who had been living with me for 5 years, moved out as she feared catching coronavirus in a shared place. She has asthma and other health issues so didn’t want to risk it. I […]

Extension of eviction ban for commercial leases

21st June 2020

The Government has extended measures to prevent struggling companies from being evicted over until the end of September. A new code of practice has been developed with leaders from the retail, hospitality and property sectors to provide clarity for businesses when discussing rental payments and to encourage best practice so that all parties are supported. […]

Debt now equal to bond? Action required

20th June 2020

I have a client who so I believe has left the property that I am letting. The rent owing has now just passed the bond money. Firstly can I start legal proceedings to remove the letter? I have not had any notice that she has left the property and I have not called at the […]

Rent and Legal Guarantee now available for existing tenancies

19th June 2020

Debt is a reality in every type of business, but unlike almost any other service provider, landlords are unable to terminate a contract with their client if payment is not received. Only a court may end a tenancy agreement on the basis of non-payment. Even then, the process can only start following a period of […]

The Future for HMOs post Coronavirus

19th June 2020

During the current pandemic I am now thinking about the after affects on the rental market when it ends. In particular what everyone thinks will happen to the demand for and the ongoing lettability of HMOs considering they are shared living and whatever the new social norms will be? I know there are no crystal […]

Who pays what? I’m out of pocket!

19th June 2020

I have a long standing Housing Benefits tenant who I always have had direct payment for as there is a history of drink, drugs and spells in HMP. I received direct payment (by HB ) as normal and expected for period 13 April- 19th May. When the rent was not forthcoming for 11 May – […]

Court of Appeal Rule in Favour of Landlords on Gas Safety Certificate Case

18th June 2020

The Court of Appeal has today sided with private landlords in a case which threatened the way they could repossess properties. The case of Trecarrell v Rouncefield centred on the relationship between Section 21 notices and gas safety certificates. The landlord, Trecarrell House Limited, was initially granted an order to repossess the property using Section […]

Close-up detail of engraved eye from British currency representing financial focus and interest rate changes

Base Rate held but QE increased by £100 billion

18th June 2020

The Bank of England Monetary Policy Committee (MPC) voted unanimously to hold the base rate at 0.1%. However, they also voted 8 to 1 in favour of increasing Quantitative Easing measures by purchasing an additional £100 billion of government stock taking the total level of asset purchases to £745 billion. The Bank of England summary […]

Deed of trust valid if stamp duty unpaid? Repercussions to trustee?

18th June 2020

I won’t go into reasons for how this happened, but let’s say Eve has a lot of control over Bob and pressured them emotionally strongly into doing it. Bob purchased a flat. Eve asked Bob for the flat to be sold to them at purchase price. Bob was doing v well in life and agreed […]

B2L mortgage on house we will end up living in?

17th June 2020

We have a property on the market for £385,000, mortgaged at £120,000 on an expensive 4% RBS One account. We want to unlock the potential from the house & downsize We found a house that we really want, which was sold, but which has subsequently fallen through, I have an idea to get £62500 (25%) […]

CBILS for developer?

17th June 2020

Has anyone else heard of the Government’s CBILS scheme paying out to developers? I spoke to a broker last week who was waiting for an announcement that CBILS was being widened out to cover developers too, but I haven’t heard of any developers getting one yet. Many thanks Groover Editor’s Notes: >>  .Gov guidance  Eligibility […]

Increase rent – Increase Bond?

17th June 2020

If I raise the rent to match (or be slightly under) the LHA rate, what about the Bond secured as a deposit? The Bond at the time was for the 5 weeks max rent, so do I ask for an increase to match the rent increase? Bit of a dilemma even if benefits pay the […]

Rent family home and move it into Ltd Company?

17th June 2020

I’m currently in the process of purchasing a new family home. The plan is to keep our current family home and rent it out, the mortgage is low on the property (7% LTV to be precise). I currently also have a LTD company which holds 2 rental properties. Our thinking is that we would transfer […]

ONS private rental price index

17th June 2020

The Office of National Statistics (ONS) has released its annual report on the private rental market summary statistics England for April 2019 to March 2020. Click here This report shows the median monthly rental prices for the PRS in England using data from the Valuation Office Agency: The median monthly rent was £700 for England, […]

One-beds for city rental yields

16th June 2020

The latest research by, Howsy, has found that one-bed properties are now proving the best financial investment when it comes to buy to let rental yields across the UK’s major cities. Previous research from Howsy found that three was the magic number for rental yields, offering the highest return with a rental yield of 4.3%. […]

New Build Contracts?

16th June 2020

I recently agreed to purchase a new property with Miller homes and part of the agreed purchase price was some additional work. The contracts were signed on that basis. 5 days later the sales agent reverted to say this work was not possible and that I would have to buy the property as is or […]

Rental premium for outdoor space post lockdown

16th June 2020

Research from Belvoir, including the Q1 rental index, and a lockdown survey of franchisees, provides an insight into the changing world of tenant demands, with demand for outdoor space becoming more of a priority. “The Belvoir Q1 rental index was prepared for us by industry expert Kate Faulkner, who began by looking at a breakdown […]

Constant price hikes by property management company?

16th June 2020

I have two small flats in a small development of 7 which I rent out privately. A couple of years ago we got a new Freeholder who appointed a new Property Services Management Company. Every year the prices are increasing especially regarding admin fees and buildings insurance. This year they wanted to increase the admin […]