Page 499 – Property118

Crisis Waiting to Happen

20th December 2019

Government plans to scrap ‘no fault’ evictions, reiterated in the Queen’s Speech, will dramatically increase the risk faced by private landlords and lead to the loss of thousands of homes in the private rented sector, the National Landlords Association (NLA) has warned. The NLA, which represents 42,000 members, urged the Government to avoid creating an […]

Andrew Bailey new Governor of the Bank of England

20th December 2019

The Government has got its top pick and the Chancellor has announced Andrew Bailey, CEO of the FCA, will become the new Governor of the Bank of England from 16 March 2020. Andrew Bailey was not seen by the government as an anti-Brexit candidate and therefore may have a less fractious relationship with the new […]

The biggest rent price shifts since last Christmas

20th December 2019

Lettings management platform, Howsy, has looked at where across the nation makes the rental naughty and nice lists since last Christmas, based on the growth in rental costs over the last 12 months. Using data from the ONS, Howsy has highlighted the top 15 locations to have seen the biggest increases and decreases in the […]

Third of landlords looking to shrink portfolios

20th December 2019

Over a third of private landlords are planning to cut the number of homes they rent out or exit the market altogether over the next year according to a new survey of over 2,000 landlords. The almost 34% of landlords indicating that they intend to reduce their investment in the market is a 30% increase […]

Whirlpool washing machine recall – Tenant compensation?

19th December 2019

Widely reported in the press, Whirlpool have announced a major problem over the door mechanism on some Hotpoint and Indesit washers posing a major fire hazard and are recalling affected washers in the new year. In common with many landlords, I supply white goods in my BTLs and have contacted my tenants to see which […]

GOV.UK crown logo representing UK government consultation on EPC reforms

Lifetime deposits, abolition of S21 and new possession rights for landlords

19th December 2019

Government Press release: A revolutionary new deal for renters will restore fairness, honesty and transparency to the heart of the housing market, thanks to new proposals unveiled as part of the Queen’s Speech. Under the plans, millions of renters will benefit from a new lifetime deposit scheme, which will see their hard-earned deposit move with […]

Our right of way blocked by a conservatory built by neighbour?

19th December 2019

We would really appreciate some sound advice here, on the situation we are facing. We bought a mid-terraced grade 2 listed cottage back in 2006. This had been a probate property and had been neglected for over two years and gardens were over grown. It took our builders a year to refurbish the property before […]

Ex-Council Leasehold top floor flat condensation issues?

19th December 2019

We are having serious condensation issues in the Ex-Council Leasehold top floor flat. The Bathroom has a fan, but the ceiling is very wet, over the bathroom, bedroom and kitchen. As my flat is on the top floor and it has pitched roof. The pitched roof is NOT insulated at all, I can see the […]

Tenant suffering domestic abuse – Advice please?

19th December 2019

I would be most grateful for and advice please on how to proceed. A tenant’s ex partner (not on the ast or living at the property) has been violent and arrested. The tenant says she is planning to move to live with her daughter in a few months, she feels she is not in immediate […]

Implications for UK BTL mortgage holders of moving abroad

19th December 2019

Now here’s an interesting question, which I can’t find any threads on the site search for. So, I have 15-20 UK BTL mortgages and have followed Mark’s lead and left the UK for sunshine, sea and the ex-pat lifestyle. But, what is the effect of my move on my mainstream UK BTL mortgages which I […]

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

Bank Base Rate unchanged at 0.75%

19th December 2019

The Bank of England’s Monetary Policy Committee today voted 7 – 2 to keep the Bank Base Rate the same at 0.75%. Decisions are now coming thick and fast, but the inflation projections  of slightly above the 2% medium term target were based on the assumption of an orderly transition to a deep free trade […]

Mass sell-off if government do not get landlord support?

19th December 2019

Government Ministers need to ensure that plans to reform the rights of landlords to re-possess rented housing have their support otherwise there could be a mass sell-off of properties. With the demand for rental housing outstripping supply, the Residential Landlords Association is warning that the proposals in the Queen’s Speech to end Section 21 re-possessions […]

Queen’s speech – Section 21 ban?

19th December 2019

The first Queen’s speech under a new Tory majority outlining the government’s intentions for new legislation in this Parliament has been given. For landlords the most relevant statement, all be it very short was: “New measures will be introduced to protect tenants.” From previously signalled government intention this is likely to be taken to mean […]

Nottingham homeless in The Post again!

18th December 2019

Nottingham homeless in the post again. Nottingham has the highest by A LONG WAY homeless in the region. Us Landlords all know this is because of the Labour Council Selective Licensing who blame it on Tory Govt Benefit Cuts Universal Credit UC. I’m biggest HB Landlord in Nottingham and yes UC is a problem, but […]

Number of rent increases slowed in November

18th December 2019

ARLA Propertymark has released its November Private Rented Sector (PRS) Report.1  Rent prices – The number of tenants experiencing rent rises fell by 18 percentage points in November with 32% of lettings agents witnessing landlords increasing them compared to 50% in October. – This is the lowest figure since March when the number stood at […]

Can I take action against the council for security door breach?

18th December 2019

I am a council leaseholder and the secure door to our block of flats has not been working for around 6 weeks. This was reported to Hackney Council mid November, but they have not fixed it and are saying now it will not be done before Christmas. We have since had homeless people sleeping in […]

Will Nottingham fine landlords for increasing rents to cover licensing?

18th December 2019

I read an article about the council checking that the renting cost/ prices are kept down. Nottingham City Council will apparently fine any landlord that increases the rent cost because of licensing. The reason for this pressure on landlords from the Council is that the licensing is covering a 5 years period. Nottingham City Council […]

New process agreed for valuation of high-rise buildings

17th December 2019

RICS, the BSA and UK Finance have agreed a new industry-wide process to be used by valuers, lenders, building owners and fire safety experts in the valuation of high-rise properties. The new External Wall Fire Review process will require a fire safety assessment to be conducted by a suitably qualified and competent professional delivering assurance […]

Nationwide call to use empty homes

17th December 2019

Nationwide Building Society is urging the new Government to resurrect abandoned funding that would bring thousands of empty properties back into use. With an estimated 226,000 empty properties in England[1], the Society believes the time for action is now. This is set against the fact that 85,000 families[2]  are living in unsuitable and overcrowded temporary […]

New Father of the House and leasehold reform?

17th December 2019

I note since the latest general election that the new Father of the House is Conservative MP Sir Peter Bottomley. One of his main activities has been to push through leasehold reform. This is particularly in response to “new builds” with large ground rent charges. Has anybody got any views how this may pan out […]

How can I trace my previous letting agent?

17th December 2019

I had a letting agent who disappeared owing me £1100 and I have made a claim via small claims. The courts have sent him notice, but he has not replied. I am assuming he has left his office. The courts won’t award a CCJ until I am able to get his known address. They have […]