Page 496 – Property118

Money Laundering Regulations – Proof of ID?

21st May 2020

Hi, I’m considering using a new letting agent and he’s asked for ID, including either a Driving License or Passport. I’m not keen on going in to a Post Office to send them recorded delivery but vaguely remember when I sold a property a few years ago the agent could verify ID from my NI […]

Landlords taking the hit to support tenants

21st May 2020

Private landlords have been willing to take a temporary hit to rental income to support tenants struggling as a result of coronavirus according to a survey of over 4,500 landlords by the National Residential Landlords Association. 90% of landlords who had received a request for support from a tenant had responded positively. This included offering […]

Strict liability for Unlicensed HMOs? – Legal Cases Webinar

20th May 2020

In our Landlord Law Legal Cases series, we discuss one important landlord and tenant legal decision in the Courts with one of the barristers in the case. We will be running the next webinar on Tuesday 26 May at 10.30 am and it is a case on HMO licensing and strict liability. Click here The […]

Company guaranteed rent set-up?

20th May 2020

I have been hoping to invest in property for a few years, but as friends of mine have struggled with bad tenants, I have been hesitant. I have wondered whether investing in property, but using an estate agent that can guarantee my rental income would be worthwhile? I have found some estate agents advertising a […]

LandlordZone report court preparing to start possession cases on 29th June

20th May 2020

LandlordZone  reported that a busy civil and family court has told a regular user it is preparing to start listing possession hearings from Monday 29th June and this could indicate the start date for other courts around the UK. Does this mean that the government is not looking to extend the three month eviction ban […]

How to invest in property post Covid-19

19th May 2020

In this video I share 5 criteria for making successful property investments in a post Covid-19 property market recession. Essential viewing if you are serious about UK property investment and if you want to learn how to invest in property. Also register For this months FREE Baker Street Livestream property networking event attended by 1000+ […]

Councils are persuading even experienced landlords to self-incriminate

19th May 2020

You may well receive a letter from the council. It will look relatively innocuous and particularly bureaucratic. There is no standard format for these letters, and one could be forgiven for concluding that they deliberately make them confusing so that you, the landlord, don’t realise just how serious they are until it’s too late and […]

Citizens Advice say tenants should not be pressured to allow viewings

19th May 2020

Citizens Advice wants the government to extend the measures put in place to protect tenants from the financial impact of the coronavirus pandemic. In particular the government should accelerate its policy to scrap section 21 and is also calling for temporary changes to allow courts further discretion when faced with tenants whose rent arrears have […]

Bank of England chief economist tentatively discusses negative interest rates

19th May 2020

Andy Haldane, the Bank of England’s chief economist, has told the Sunday Telegraph that negative interest rates could be considered in an effort to combat economic effects of the coronavirus lockdown measures. Haldane indicated the Bank of England is currently reviewing a number of monetary options it could take in its response to the global […]

Rental stocks recovering after market is opened

19th May 2020

In the wake of last week’s ease of property market restrictions, the number of rental properties hitting the market surged by as much as +44% in some UK cities as landlords returned and letting agents were able to resume business. Howsy’s research analysed the number of available rental properties listed across the major portals the […]

Rent guarantee agent changed contract without permission?

19th May 2020

Hey all, in February I signed a rent guarantee agreement with an agency for 18 months. I have a 7 bedroom HMO which I have only just finished the refurbishment on. Unfortunately, Covid-19 came along and the lockdown was enforced before they could fill all the rooms. She rang me asking for help as in […]

Buyer asking for further reduction due to current situation?

18th May 2020

Just before the pandemic we had an offer for a Leasehold Maisonette which we advertised and we accepted a reduced offer. Since then he has asked for a further reduction of 5K due to the uncertainty of the current market promising to exchange contracts without any delay. We had the boiler replaced in 2013 for […]

Correct phone line cable?

18th May 2020

I am planning on inserting a phone cable in a property before putting the carpet down, but am still some weeks off completion of the property. Does anyone know the current recommended cable to go in for a phone? I Want to do it myself as do not want to start paying for phone services […]

Accountant aggressively refusing refund?

18th May 2020

I signed Terms Of Business with firm of 1 man band accountants and paid initial deposit of circa £2150. I never met this accountant face to face only transacted over the phone, email and once video call. After signing terms of business the only job he has done was to complete simple 1 page HMRC […]

First eviction in 25 years – She asked as she wants a council house?

18th May 2020

Hi, I’m in the middle of getting paperwork ready for when evictions restart and have a couple of queries regarding the accelerated eviction form ( claim for possession of property). I served notification well before lockdown began. 1. I was aware I had to send a copy of the gas certificate that I gave the […]

How to avoid Inheritance Tax (For Landlords)

15th May 2020

Mark Alexander of Property118 talks to Ranjan Bhattacharya about options for landlords to plan for business continuity and protecting their legacy for their bloodline from inheritance tax and other risks such as divorce. The video below also includes: Essential inheritance tax advice Property investors tax advice and buy to let landlords tax advice 

Activists Urge Tenants to Stop Paying Rent

15th May 2020

Damien Gayle at The Guardian reports this morning that “Activists urge Tenants hit by Corona Virus Crisis to stop paying Rent” Click here I have just sent this reply: Dear Damien, I read your article with interest as I am a small landlord currently coping with the Corona Virus outbreak impact on my business and […]

Something fishy with London’s affordable housing numbers

15th May 2020

London’s City Hall today released their latest house building statistics for the 2019- 2020 financial year and Mayor Sadiq Khan swiftly grabbed the opportunity to take to Twitter to congratulate himself with the following message to his 3.2million followers: “Last year was a record-breaking year for building new affordable homes in London” he said. Except […]

Opening of housing market welcome, but recovery likely to be slow

14th May 2020

With the market having been effectively closed for business, 80% of the April RICS UK Residential survey’s contributors saw both buyers and sellers pulling out of transactions, resulting in the newly agreed sales balance for April falling to -92%, down from -68% in March. In April, the survey sought views on the potential support measure […]

Much faster new DWP system for direct Universal Credit payments to Landlords

14th May 2020

The Department for Work and Pensions (DWP) has now launched a new online system to allow rent payments, from tenants in receipt of Universal Credit, to be paid directly to Private Rented Sector (PRS) landlords.  The new system for arranging these Alternative Payment Arrangements replaces the two existing UC47 forms cutting the processing time down […]

Rental wellbeing helpline opened

14th May 2020

Rental deposit replacement scheme, Ome, has brought forward the launch of their free to use Rental Wellbeing Helpline this week, as the company’s latest research highlights the sharp increase in the affordability of renting for many UK tenants who now find themselves on furlough due to the spread of the Coronavirus. Coronavirus and its subsequent […]