Page 507 – Property118

Rent controls dry up supply and hurt tenants

29th October 2019

Rent controls hurt tenants by drying up the supply of homes to rent and in some cases increasing rents according to new research published today. With the Mayor of London calling for the power to introduce rent controls across the capital, an analysis of existing research by the Residential Landlords Association on the impact of […]

Paying for the Postcode

28th October 2019

It costs an average of £245,128 to buy a house in the UK; but how much of that is actually spent on the house itself, from bricks to baths, and how much is generated just from the location? Research from comparethemarket.com indicates which regions are the most expensive in terms of the location alone, based […]

A day in court with Shelter and the council’s impartiality?

28th October 2019

After a section 8 possession hearing, we got the possession granted and before court shelter approached us, but we declined to speak to them. Shelter also confirmed that the tenant was receiving housing through Universal Credit, but not paying us the landlord. I then received this email from BCP council: Good morning, I have been […]

BBC Inside Out uncovers opportunistic tenants subletting via Airbnb

28th October 2019

On Monday 28 October at 7.30pm, BBC Inside Out (London*) will highlight the growing number of people making a business out of their tenancy via short-term rental platforms, without their landlords’ permission. The show covers the story of a landlord who ended up £10,000 out of pocket after his tenants ‘professionally’ sublet his property in […]

Working together – Hemel and St Albans property network

28th October 2019

I am delighted to announce that Hemel and St Albans property network has partnered with renowned industry website Property118, this supports the ongoing commitment I have for education of landlords in the private rented sector, helping raise the awareness of the responsibilities they have throughout the Industry, as well as provide ongoing education events. Property118 […]

#MyTown

28th October 2019

The #MyTown campaign gives people a say in how a new generation of Town Deals, each worth up to £25 million, should transform the place they call home. People in 100 places across England have the chance to write the next chapter for their towns thanks to a new campaign launched by Communities and Local […]

Dan Wilson Craw laments the human misery that his demands would increase

25th October 2019

Dan Wilson Craw is Director of the organisation that calls itself Generation Rent. He was quoted yesterday as follows: “Without a reliable housing benefit system, Londoners on low incomes are getting into debt, going without food and heating or being forced to move out of neighbourhoods they grew up in. “This is fuelling physical and […]

Rental supply crisis looming

25th October 2019

The RLA are warning of a rented housing supply crisis as a new survey shows more landlords are selling properties than buying whilst demand continues to increase. According to research by the Residential Landlords Association based on a survey of over 2,700 landlords, almost 25% have seen the demand for private rented property increase over […]

Housing Minister wants green housing revolution in the North

24th October 2019

The north of England has the potential to become a world-leader in the creation of modern, high-quality homes the Housing Minister Esther McVey tells industry leaders in Sheffield. During a visit to Factory 2050, part of the University of Sheffield Advanced Manufacturing Research Centre, she will meet with major developers, small businesses and academics as […]

Section 21 Valid or Not?

24th October 2019

I have served a Section 21 with the required two months notice in belief that it was on a standard 6 month Assured Shorthold Tenancy. I have now found out the contract states ’12 months certain commending (date) ending on (date) and any period of holding over or extension or continuance by Statue or Common […]

New home supply slows

24th October 2019

NHBC’s Q3 figures show the number of new homes registered to be built in the UK during the last three months is 9% down on last year’s levels, despite a significant increase in the affordable and rental sector. In total 39,364 new homes were registered over the last three months compared to 43,403 a year […]

Licensing needs urgent government review

24th October 2019

High rates of non-compliance with landlord licensing schemes in London have hastened the need for an official government response to the selective licensing review carried out earlier this year. An official licensing action plan could help to make the system more effective, increase compliance and ensure that rental properties meet certain standards, according to lettings […]

Secure purchase deal without creating price war?

24th October 2019

I found a property marketed at £110k, which seems good deal to me. The estate agent advised me that they already have received an offer of £100k, but the vendor will be okay to take anything around £103k. I am happy to match the vendor’s asking price £103k however, my cornered is that the estate […]

Landlords Calculator

23rd October 2019

This latest version of our Landlords Calculator includes fields for you to add budgets for maintenance costs, management costs, voids periods, ground rents, service charges, re-letting costs and insurance. This replaces just one field in version 2 of our landlords calculator which grouped all of these costs together as a percentage of rent before working […]

Sadiq Khan wants Welfare reforms to protect PRS tenants

23rd October 2019

The Mayor of London, Sadiq Khan, has called on the government to stop the roll out of Universal Credit, after new analysis from City Hall showed welfare cuts over the last decade have led to a rise in the number of people in London forced into homelessness. Last year, 8,855 people were seen sleeping rough […]

SDLT reclaim?

23rd October 2019

I have a question based on the below scenario: Property A purchased by Mr. X as residential. Mr. X moved away for work and was renting. During this period converted the residential to BTL. In the meantime found another as residential property B and purchased jointly as Mr. and Mrs. X’s main residence. Paid higher […]

How to sell my freehold?

23rd October 2019

I own a 3rd share of the freehold in a 3 flat property in a seaside town in East Sussex. I had the lease extended early in 2019 and it now has 999 years left. I am now trying to sell my flat because I live abroad and I really can’t afford the upkeep and […]

Reduction in rent procedure?

23rd October 2019

I have let a house to a couple who unfortunately had a fire in their own home, the rent at the time was £600.00 per month. Their insurance company asked me to rent my house to them for six months, I refused saying that it was not worth it by the time I pay letting […]

Landbay say 75% of tenants are happy

23rd October 2019

Landbay conducted a study ‘delving into the psyche’ of 2,000 private renters in the UK and as suspected the vast majority (75%) said they were happy. Landbay went on to report: “Some of this is a reaction to the financial demands of buying a home, but there’s also a relief in not being responsible when […]

Landlords Alliance donates to defend our property rights

23rd October 2019

Unless you’ve been living under a stone, you will have seen the Government waging a relentless war against private landlords. Some of the effects of this are now being seen in the courts, where extremely poor legislation, full of ‘unintended consequences’ is beginning to hit landlords hard.  This is in the context of landlords already […]

Buy Build Complete to generate quicker returns

22nd October 2019

PIP is delighted to offer investors the chance to invest in a beautiful 1-bed apartment in Shipley, near Leeds starting from only £77,000.  These apartments have been discounted by 12% off current selling prices.  According to local letting agents, Martin & Co, Soltaire, these apartments are exceptionally spacious, well designed and in a lovely location, ideally […]