Page 498 – Property118

What Next For Property Prices Post Covid-19?

8th May 2020

Once lock down ends, we will enter a recession, but recessions are times when fortunes are made. In this video I explain whats likely to happen and what strategies you should follow to maximise the market opportunity. Property Investing tips for anyone serious about investing. Register For this months FREE Livestream property networking event https://bakerstreetpropertymeet.com

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

Bank Rate held at 0.1% with inflation and GDP forecasts slashed

7th May 2020

The Bank of England Monetary Policy Committee (MPC) voted unanimously yesterday to hold the Bank Base Rate at 0.1% . They also voted 7-2 for the Bank of England to continue with the programme of £200 billion quantitative easing. CPI inflation fell below the medium term target of 2% to 1.5% in March and is […]

ARLA wants suspension of mandatory electrical checks and new licensing schemes

7th May 2020

ARLA Propertymark has made its submission to the inquiry for the impact of Coronavirus on homelessness and the PRS. Click here Of Particular concern to Property118 readers is the still planned introduction of mandatory electrical safety checks starting 1st July with ARLA calling for the government to suspend their introduction. ARLA said: “With the added […]

Walking Watch Fire Safety Charges?

6th May 2020

I’ve received several additional service charge demands for a walking watch where there is, as yet, uncertainty as to the fire safety compliance of the blocks in which I have flats. These are already running into the hundreds of pounds per apartment. I feel really frustrated about it as it appears the whole charges are […]

New Scottish Landlord Covid-19 Loan Scheme

6th May 2020

The Scottish Association of Landlords (SAL) has welcomed a new £5 million fund set up by the Scottish government offering interest-free loans to landlords whose tenants are having difficulty paying rent during the coronavirus crisis. The Private Rent Sector Landlord COVID-19 Loan Scheme will offer landlords up to 100% of lost rental income for a single […]

Covid-19 Bounce Back loans for property businesses

5th May 2020

The Bounce Back Loan Scheme (BBLS) applies to buy to let landlords! In this video Andrew Roberts and I take a look at the eligibility criteria and how you can apply for up to £50,000 as an interest free loan for your buy to let property rental business. Register For this months FREE livestream property […]

Should I find a new tenant now?

5th May 2020

My tenants have now moved on. I have had the flat refurbished and I am wondering whether to try and find a new tenant now, or leave it until the Covid-19 Lockdown measures are eased. What should I do? I can manage the flat mortgage and expenses from savings so is it best to wait […]

Land boundary ownership issues in Scotland?

5th May 2020

I rent my home to my daughter and live elsewhere. The house has been in my family’s ownership since around 2003.  On purchasing the property we had a survey completed and witnessed our deeds along with land Registered details so we knew what we were buying. However, increasingly a neighbour was instructing a workman to […]

Possible extension to ban on evictions

5th May 2020

Housing Secretary Robert Jenrick faced questions from the housing select committee today on how the government will continue to support tenants after the three-month moratorium on evictions is lifted on June 25. He said a decision will be made next month on whether to extend the ban, which was introduced to prevent people losing their […]

EICR Legislation Approval?

4th May 2020

There was a lot of heated discussion on the proposed EICR testing of all PRS homes on this forum. Earlier this year it was reported that the legislation was going through parliamentary approval and it seemed likely it would pass through without too much amendment. What is the situation seeing that for new tenant lets […]

New Industrial Property Purchase – Stamp Duty?

4th May 2020

This month I am purchasing an Industrial new Build price £200,000 + VAT. The Developer has a larger unit that I want to purchase at £340,00 + VAT within six months and has agreed to take the original purchased Unit back at full purchase price in p/x. The original unit was intended for my manufacturing […]

Hand reaching toward a house-shaped safe representing secure rental deposits

Return of rent deposits after 11 year tenancy?

4th May 2020

We had a tenant on an AST which was renewed every year for 11 years in total. The schedule of condition wasn’t updated each year and unfortunately we didn’t carry our regular inspections, although this isn’t stated in the lease. The property needed a full refurbishment and last year a notice was served to terminate […]

New specialist taskforce to tackle rough sleeping during pandemic

4th May 2020

A specialist taskforce has been created to lead the next phase of the Government’s support for rough sleepers during the pandemic. Spearheaded by Dame Louise Casey, the taskforce will work hand-in-hand with councils across the country on plans to ensure rough sleepers can move into long-term, safe accommodation once the immediate crisis is over – […]

Is this a naive question?

4th May 2020

Well maybe my idea is daft illegal or both, but I figured you’re the guys to ask. I’m going to cash a little pension in soon and it’s not a great amount, but maybe 30k now I own a terrace outright. In the past I’ve rented a room out, because I am  not brave enough […]

Tenant asked to change rent payment date?

4th May 2020

Quick question please: tenant has asked to change payment date from 21st to 24th to coincide with his pay day. Checking online suggests not to put any thing in writing & don’t change contract date on AST – this should remain the same as it affects monthly upfront payments. Technically, I understand he will be […]

How do I cut the agent out of the DPS deposit return loop?

4th May 2020

My daughter rented out her flat through lettings agent. The tenant subsequently left and the property was checked. The Agent used a third party to undertake the check. The flat was left with a number of faults , the main one being that the front entrance door had been jimmied open breaking the main door […]

Lockdown rental stock shortage will see rents and deposits climb

4th May 2020

Research by rental deposit replacement scheme, Ome, has highlighted how a lockdown reduction in rental stock entering the market could result in higher rental and deposit costs for UK tenants. Ome investigated the percentage of buy to let mortgage loans approved over the last five years as a percentage of all loans. The figures from […]

UK Landlords – Want to Retire Abroad?

1st May 2020

– Why Would A Property Investor Leave The UK? – How Can Moving Abroad Help Someone Withdraw Money From their portfolio? – What Are The Rules For Someone Who Still Has Ties to the UK? – What If You Have A Business In the UK That Needs Operating? Please see my video below with Mark […]

Washing Machine Recall

1st May 2020

Whirlpool have again recalled some makes and models of Hotpoint/ Indesit/whirlpool washing machines and have added further models to the list of recalls. We would suggest that all landlords advise their tenants to do a quick check of their installed appliance following the outlined process below to see if it is one of the makes […]

SDLT and CGT regarding new build and title split?

1st May 2020

We purchased land under a company name and built two semi-detached houses. We are trying to re-mortgage the properties, but the mortgage company is asking us to split the title in two so each house will have a title of its own. Our solicitor has advised of the need to move one house from our […]

Citizens Advice report is irresponsible!

1st May 2020

Research out today by Citizens Advice suggesting that some 2.6 million private renters have missed a rent payment, or expect to do so, owing to coronavirus is potentially a long way wide of the mark and irresponsible says the NRLA. Citizens Advice appears to have extrapolated this figure from just 25 renters who said in […]