Coronavirus COVID-19 will affect HMO Property Landlords, buy to let property investors and the property market in the UK. In the video below, Ranjan considers how HMO Property investors and the HMO Property Investment Market in the UK is going to be impacted by the onset of Coronaviris COVID-19. Ranjan hosts the Baker Street Property […]

Gatehouse Bank has relaxed its age criteria for Buy to Let mortgages increasing the maximum age at the end of the term, from 85 to 99 years. The 99 year age only applies to borrowers relying solely on rental income to stress test for affordability. The maximum age increase also applies to Houses in Multiple […]

Housing Secretary Robert Jenrick has set out proposals to bring Britain’s planning system into the 21st century as part of plans to get the country building. Councils will be encouraged to take a more innovative approach to home building by ensuring redevelopment of high streets is housing led, building upwards and above and around stations. […]

The latest research by Ome has compared the average cost of a rental deposit in the UK with 14 other nations who have the highest percentage of renters across the world. Ome looked at the wide variety of rental deposit calculations across 15 nations and what this meant financially for tenants. In England and Wales, […]

I give my analysis in the video below on what the first UK budget of 2020 means for property investors and property entrepreneurs and considers any impact on the UK property market. The key budget highlights for property investors and entrepreneurs are: Temporary relief on business rates which will also help property developers converting commercial […]

I have just been watching the new Chancellor’s Budget speech and I was particularly interested in the proposals for business rates. He is proposing a grant of £3000 for Businesses that qualify for rates relief. I understand that most holiday letting properties qualify for business rate relief and I assume that in this instance they […]

The National Landlord Investment Show will help thousands of UK Landlords plan ahead after today’s Budget announcements at the must attend 70th Show at London Olympia – next Thursday 19th March. Political Broadcaster Andrew Neil will be chairing the hottest UK landlord debate in the main auditorium from 10am – 11:15am The debate is geared around […]

Tenants will continue to face a rental supply crisis as the Chancellor’s Budget has today failed to boost the supply of privately rented homes. Following years of tax hikes on the sector, organisations including the Royal Institution of Chartered Surveyors, Hamptons International, Zoopla and ARLA Propertymark have warned that private sector rents are set to […]

Chancellor of the Exchequer Rishi Sunak’s first Budget speech concentrated on bringing stability and security to the country using £12bn of fiscal action to combat the temporary effects of Coronavirus. The NHS was promised whatever resources it needed to tackle the virus with a £5bn response fund put aside. For individuals Statutory Sick Pay (SSP) […]

The Bank of England have decided to support today’s Budget, and the markets before they open, cutting Bank Base Rate by 0.5% from 0.75% to the previous post Credit Crisis low of 0.25%. This is obviously helpful news for landlords who are on variable, and especially tracker, Buy to Let mortgages who may face potential […]

I had a call from the Probation Service yesterday asking if I had any objection to my tenant returning to the property after his release. I had no idea he had even gone to prison! Apparently he was taken into custody mid Feb and due for release at the end of March. The PS stated […]

I’m a large Buy to Let HMO landlord renting room by room in Aberdeen and have already been hit with plummeting enquiries from the Corona Virus and oil crash. I foresee difficult times ahead. Has anyone been in discussion with their lenders regarding a landlord mortgage holiday? I see press reports for homeowners being offered […]

The other week we had a report from the tenant saying that the dishwasher wasn’t working. We asked them to check the fuse-box and check the troubleshooting in the manual. They did this so we booked an engineer to come round at a cost of £135. The engineer sent by the manufacturer said there was […]

Waltham Forest have made changes to their renewed licence scheme that comes into effect on 1st May such that additional licensing will apply to smaller houses in multiple occupation (HMOs) that are not covered by the mandatory HMO or selective licence schemes. We have many such properties that have 3-4 unrelated renters. However, planning permission […]

I’m going through some financial challenges and the best way out was to sell my Buy to Let property. I submitted an accelerated procedure form to evict my tenant as I need to sell the house due to financial pressure. I offered to pay the tenant a months rent + deposit to facilitate her moving […]

My Buy to Let mortgage is coming up for renewal in June. My existing tenancy agreement ends in mid May. The lender is insisting that I have a 6 month AST in place when I renew the mortgage – is that normal? My current tenants would like to extend but with rolling 2 months notice […]

We do not accept housing benefit and always make sure that tenants are working. We also put on our lease that Housing benefit is not accepted and that if the tenant needs to claim it, we will have to give them 2 months notice. Is this OK, as the tenant is fully aware at the […]

A landlord tells of his ongoing dealings with a ‘corporate let’ company who promised him an embassy tenant, but instead have turned his property into party central. When Panos Lassi bought his three-bed flat in Chelsea, he decided it made more financial sense to rent it out to cover the large mortgage and to rent […]

I have a client who has just approached me with a problem. He moved to London 2 years ago and let his house to a friend and her daughter. He wants to sell so the friend/tenant went to the council (he doesn’t know why but I have informed her it will be because she doesn’t […]

We are in the process of selling a leasehold flat, and have been asked to provide an EWS1 form which, in brief, confirms that the block is compliant with the safety regs that came into force after Grenfell. Without this, the value of the flat is essentially zero, because the lender won’t lend, because insurers […]

The proposed scheme will cover 51,000 properties across County Durham! Landlords will have to pay up to £590 for each property in this area which could net the Council more than £25,000 000 in licence fees. Durham County Council (DCC) claim that their scheme will cover almost two thirds of the county, by area, but […]