Page 496 – Property118

Join our Network of Property118 Promoters

13th January 2020

We are building a Network of Promoters. If you are active on Social Media, such as LinkedIn and/or Facebook, we are inviting you to consider working with us. The tasks are simple,  but we will pay you handsomely for results. WHAT IS REQUIRED? All we ask of our Promoters is that they post tracked links […]

Landlords Victory in Liverpool

13th January 2020

The attempt by Liverpool city council to impose their city wide licensing scheme on Liverpool landlords for a further 5 years has been struck down by the Secretary of State. Full credit to the government and full credit to Brandon Lewis who changed the law after this greedy authority originally foisted their rotten scheme on […]

Rental sector looks set for a resilient 2020

13th January 2020

The latest figures from the HomeLet Rental Index indicate that the rental sector is set to see the sustained growth of rental values observed throughout 2019 continue into the new decade. The headlines from December 2019’s HomeLet Rental Index are: – The average rent in the UK is now £953, this is up by 3.5% […]

Nottingham should start with their own Licensing department!

13th January 2020

Nottingham City Council Press Release: £100,000 to help improve renting standards in Nottingham Nottingham City Council has been awarded £100,000 by the Government to help private landlords improve housing standards across the city. The council is one of more than 100 local authorities across England awarded a share of over £4 million. Councils will use […]

HMO Planning Changes in Croydon

13th January 2020

From the 28th January 2020 a new Article 4 Direction comes into force in Croydon Borough. The effect of the Article 4 Direction will mean that the conversion of houses to a small HMO (up to 6 people) will require planning permission across the Borough. This means that all types of newly created HMO in Croydon will […]

Housing Allowance increase not enough!

13th January 2020

Plans to end the freeze on housing benefits will still leave many tenants unable to afford their rent say landlords. Following the announcement today that from April the Local Housing Allowance (LHA) will increase by inflation as measured by the Consumer Price Index, the Residential Landlords Association says that as the Allowance has been frozen […]

DWP announce Local Housing Allowance increase in line with CPI

13th January 2020

The Department for Work and Pensions has issued a statement by, Will Quince, Parliamentary Under Secretary of State for Welfare Delivery. Click here This indicates that the freeze on Local Housing Allowance (LHA) rates has ended and that they will be increased in line with the Consumer Price Index (CPI). Quince said: “I am announcing […]

Buying land with boundary and title complications?

13th January 2020

I am looking at a plot of registered land, which is available at a very good price. However, I spoke with the neighbours on both sides and discovered the following information. 1/ On one side there is no defined boundaries, which the neighbour made a point of, but there is temporary low grade animal fencing. […]

Pension pot property?

13th January 2020

Early pension pot potential? It is by no means a fortune, but I can access £50,000 of my pension fund tax free now I am 55 and I intend to retire when I am 60. I am contemplating buying a one bed apartment in Spain for rental and to use myself out of season. Has […]

Transferring BTL back to a residential repayment mortgage?

13th January 2020

I had a repayment mortgage when I myself bought my home in 2002. I bought another house with my boyfriend in 2015. My original house turned into a rental with a BTL mortgage. I want to leave him and go back to my house to live. I need to change my BTL mortgage back to […]

5 Weeks Deposit and Pet Deposits

13th January 2020

Hi fellow landlords.. just trying to keep up with the changes. I have a couple of existing tenants who thankfully are very nice. When they moved in I took 6 weeks rent as their deposit and an additional pet security deposit of £300. My questions are as follows: Do I need to return their extra […]

Letting agents pass key without deposit, advanced rent and signed contract

13th January 2020

My letting agents gave my key to a new tenant without receiving the deposit and advance rent and before signing the contract. I signed for a full Management service from my letting agency as I am busy and don’t want to take any stress. Now they have finally found a tenant and the tenant was […]

Shelter back alleged ‘fraudster’ squatter with legal representation

13th January 2020

A Daily Mail reader wrote in requesting help from the Financial Mail on Sunday’s investigator, Tony Hetherington, who fights for the individual rights of readers that have been taken advantage of and left out of pocket. The call for help said: “My father bought a house in Stockport, Greater Manchester, in 1971. Several years ago, […]

WEBINAR – How to sell your Buy-To-Let Properties

9th January 2020

If you have fallen out of love with investing into UK residential property you may well be considering your exit strategy. However, the following issues will no doubt be playing on your mind:- Will other investors want to buy the properties with your tenants in situ, and if so, what level of discount will they […]

REMINDER – CGT rules are changing in April 2020

9th January 2020

From 6 April 2020, a UK resident taxpayer will be required to make a return and payment of Capital Gains Tax within 30 days following the completion of a residential property disposal on a worldwide basis.  This rules has applied to non-UK-Residents for a few years now. The new requirements will not apply, however, where […]

Opportunity to meet Mark Smith (Barrister-At-Law) in Warwickshire

9th January 2020

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be presenting an overview of several landlord tax strategies at the Great Property Meet networking event taking place Monday 20th January 2020 from 7pm to 9:30pm at Dunchurch Park Hotel Rugby CV22 6QW:  Click here to attend. Great Property Meet want to […]

Poor communication the biggest cause of deposit disputes

9th January 2020

The latest research from Hamilton Fraser’s deposit alternative scheme Ome, shows that poor or no communication when withholding a deposit is still the most common cause for deposit disputes between landlords and tenants, ahead of the cleanliness of the property and damage sustained during a tenancy. Check out the full blog here. The research from Ome […]

Universal Credit: Alternative Payment Arrangements Guidance

9th January 2020

The Government has released guidance to providing Alternative Payment Arrangements for Universal Credit claimants who cannot manage their single monthly payment. Universal Credit (UC) is paid in a single monthly sum, designed to prepare claimants for the world of work in which 75% of employees are paid monthly by encouraging claimants to take responsibility for […]

Landlords unable to identify payments for UC tenants due to changes in DWP system

9th January 2020

Caridon Landlord Solutions is calling on The Department for Work and Pensions (DWP) to urgently address the changes to its payment system, which have left landlords unable to identify which housing cost payments of Universal Credit should be allocated to which tenants. According to Caridon Landlord Solutions, up until three weeks ago payments of the housing element of […]

Law Commission Report – enfranchisement

9th January 2020

Just released – a long read for anyone interested. Options for reforming valuation in leasehold enfranchisement published by Law Commission: Click here to download “The Law Commission of England and Wales has today [09 January 2020] published a report setting out options to reduce the cost that leaseholders have to pay to buy the freehold or […]