Page 503 – Property118

Ground 1 Section 8?

21st November 2019

What evidence would I need to show that I would like my spouse to move into a property under Grounds 1 of a Section 8? I need to give the tenant notice, but the legislation does not say what evidence will be needed. Anyone have any advice? Reluctant Editors Note: >> http://www.legislation.gov.uk/ukpga/1988/50/schedule/2 Ground 1 Not […]

Lib Dem Manifesto – 3 year tenancies and mandatory licensing

20th November 2019

The Liberal Democrats have released their 2019 general election manifesto. This has been very briefly summarised with the key points of interest for Landlords and the PRS industry. Download the full manifesto here The Lib Dems want to reform the Private Rental Sector: Promote longer tenancies of three years or more with an inflation-linked annual […]

Harassment of tenants by neighbours?

20th November 2019

My tenants’ neighbours are insisting they are smoking cannabis in my flat and are constantly contacting both me and my tenants. I have visited several times and there is no smell there at all. My tenants have admitted to vaping, but that is it. I have asked them not to vape inside to avoid problems. […]

New Welsh holding deposit requirements 13th December

20th November 2019

As of December 13th 2019 under The Renting Homes (Fees etc.) (Specified Information) (Wales) Regulations 2019 before a holding deposit is paid to a landlord or letting agent the following information must be provided to a prospective tenant: – The amount of holding deposit – Identify the dwelling in respect of which the deposit is […]

88% of Scottish landlords hope to stay in PRS

20th November 2019

Landlords in Scotland are committing to continuing to rent private properties signalling confidence in the sector, according to the latest survey results from SafeDeposits Scotland. The not-for-profit tenancy deposit protection scheme surveyed its landlord members last month and found that 88.57% could see themselves continuing as a landlord ‘for the foreseeable future’. The majority (69.81%) […]

Hand writing the word "VALUES" in red marker to highlight property valuation topic

Valuation Mystique?

20th November 2019

I recently inherited a mid- terrace house currently arranged as 2 flats. All interests in the house ie Freehold, leasehold ground floor flat and leasehold first floor flat are in my sister’s name. The leases are relatively short 57 years at a small ground rent, but the Freehold has a relatively high value because of […]

Confidence knocked post tax changes

20th November 2019

A majority of private landlords say they are less confident about the market than they were three months ago. This is reflected in figures showing that the gap between the percentage of landlords planning to sell properties and those planning to buy has risen seven fold in the last two years from 4 percentage points […]

How do I protect myself?

20th November 2019

The Council are willing to pay the first months rent in advance and pay a cash deposit for an incoming tenant. I will NOT be issuing a tenancy agreement until I see clear evidence that: 1. Tenant has an existing HB claim with claim number 2. It has been agreed that rents payments will come […]

Location Independence – the lifestyle of Mark and Svetlana Alexander

19th November 2019

This post is far more about lifestyle and mindset than property. Nevertheless, our passion to help others with our knowledge of property, finance, tax and law has been the basis upon which we have achieved location independence. If you ever wanted a sneak peak into our lifestyle, or to ask us questions about it, then […]

Tory candidate slammed for ‘Tents’ comment!

19th November 2019

BuzzFeed News has reported on a Facebook video post made by Tory MP candidate for Ashfield, Lee Anderson, who said he would force nuisance tenants who make people’s lives a misery to live in a tent if he was voted in. Anderson is an ex-Labour supporter driven out by far left momentum views and now […]

Green Manifesto – Rent Controls and Land Value Tax

19th November 2019

The Green Party have released their 2019 general election manifesto. This has been very briefly summarised with the key points of interest for Landlords and the PRS industry. Download the full manifesto here From the full manifesto there is no detailed economic analysis of how their cuddly wish list of promises will be paid for. […]

£51,136 per inspection and hotel tickets!

19th November 2019

In 16 months Nottingham City Council has only managed to issue full licences to fewer than 3% of the applications received and apparently they’ve only done 176 inspections from approximately £9 million+ pounds in. This equates to over £51,136.00 I repeat FIFTY ONE THOUSAND POUNDS AN INSPECTION. When Nottingham Aug 2018 said an Inspection cost […]

What to do if tenant and landlord lose contract?

19th November 2019

What do you do when both the tenant and Landlord do not have a copy of the original contract dated in 2012? A new one was issued in April 2015 which we both have copies of. I’m trying to serve notice, but have been advised a Section 21 is not the route as it will […]

Shawbrook streamline and reduce BTL rates by up to 0.49%

18th November 2019

Specialist property lender Shawbrook Bank has streamlined its product portfolio and reduced rates by up to 0.49%. Their refreshed Buy to Let range boasts new benefits for your portfolio clients. Rates are now  from 3.05% (Over 3 month Shawbrook LIBOR) and they have introduced new products for loans under £100k for BTL and HMOs As […]

Providing emergency accommodation instead?

18th November 2019

Being a private landlord is a nightmare. So given the latest headlines I am thinking of going down the route of providing Emergency Accommodation instead. Where do I even start? Surely it can’t be any more stressful than evictions, tenants doing a bunk, arrears etc and I know the Council I deal with have plenty on […]

Anti-landlord policies not helping prospective tenant

18th November 2019

My name is Balbine and I’m looking for a flat/house to live in with my daughter. I’ve been searching for a home for a year. now, and every time I’ve found nothing. I’ve even emailed estate agencies to see if they would take housing benefits and only 2 out of the 13 agencies that I […]

Strong BTL variable rate option at a time of heightened uncertainty

18th November 2019

Paragon has launched a new range of Buy to Let purchase and remortgage products for portfolio and non-portfolio landlords, with rates discounted for two and five years starting at 2.65% at 75% loan to value (LTV) for individuals, limited companies and limited liability partnerships. All discounted products also feature a free valuation and no application […]

Tenants being quizzed by HMRC

18th November 2019

Tenants are being quizzed on the tax status of their landlords by HMRC.1 An HMRC fact finding letter goes on to suggest tenants may have to take tax off their own rental payments to ensure the correct tax is paid if their landlord is not resident in the UK and is not registered under the […]

John McDonnell back-pedals on Right to Buy

18th November 2019

The Shadow Chancellor, John McDonnell, appears to have dropped his proposals for giving tenants of private rental properties the ‘Right to Buy’ at a central government imposed discount termed as a ‘fair price’. McDonnell has told the FT he now thinks the policy would be unworkable and that it would not be included in the […]

Rogue tradesman run off with deposit?

18th November 2019

I have had the misfortune to deal with rogue bathroom fitter, he asked for 50% deposit and when the time came to do the work he said he was hospitalised, then I found out 3 weeks he had actually found full time employment and did not have time to complete my job. He has stupid […]

Nottingham Licensing increased to a whopping £890!

18th November 2019

For Landlords who don’t already know Nottingham Council has increased its licensing fee to a whopping £890 and tenants you really need to start standing up and shouting! There will be no houses left to rent soon. They are charging £890 per house and an inspection only costs £77 and out of 32,000 houses they […]