Page 509 – Property118

Landlords beware – cannabis farming on the increase

16th October 2019

New analysis by Direct Line for Business reveals a surge in the number of police investigations into the theft of electricity, where people have tampered with a gas or electricity meter, so it doesn’t properly record the energy used in England & Wales and its use in cannabis farming.  Analysis of 2019 data reveals that […]

DPS reveals most bizarre items left by students!

16th October 2019

Giant glow-in-the-dark swear words, a sex toy and a pet python are among some of the items that students left in their accommodation when they moved out over the summer, according to The Deposit Protection Service (The DPS). Part of The DPS’ role is processing landlords’ requests for deductions from their tenants’ deposits, and among […]

Rents rising at 2% but affordability has improved

16th October 2019

The inaugural Zoopla Rental Market Report, which records trends in the private rented sector has now been released and it indicates that being a renter is becoming more affordable with rents rising at half of the level of earnings growth during the past year UK rents have increased by 2% in the year to the […]

Caridon Landlord Solutions shortlisted ‘Best Property Education Provider’

16th October 2019

Caridon Landlord Solutions is delighted to have been shortlisted in the category of ‘Best Property Education Provider’ at this year’s National  Landlord Investment Show Awards. The awards celebrate companies working at the top of their game in the private rented sector (PRS), bringing together over 400 major players from the worlds of finance, law, tax, […]

Forced sale of family trust property under Labour plans?

15th October 2019

I am trustee of a family discretionary Trust, providing rental income to various beneficiaries. Under Labour’s proposed plan to allow tenants to buy the property they are renting, will the trustees of this Trust have to agree to the rental property being sold to the tenant. Which as far as the Trustees are concerned is […]

Deposits and Disputes training for Glasgow landlords

15th October 2019

In the last year, 543 disputes have arisen between landlords and tenants in the Glasgow postcode area according to the latest research from SafeDeposits Scotland. The deposit protection provider found that the average amount that tenants and landlords in Glasgow disagreed over deductions to the deposit at the end of a tenancy was £370.23 and […]

Are all LA Bond Deposits the same?

15th October 2019

I can’t seem to find out if the Local Authority Bond deposit system is a nationally applied guideline, or if each LA has their own rules coming off from the guidelines. Anyone have any knowledge in this field? My question refers really to claiming against the Bond at the end of a tenancy. Can I […]

Goodbye letter from Mortgage Express?

15th October 2019

Mortgage Express didn’t provide me with a Notice of Assignment of my portfolio mortgage to Jasper Mortgages pursuant to s136 (1) of the Law of Property Act 1925 in February 2018. When I asked them for a copy of the Goodbye letter, they have stated that they do not have one on file and have […]

Message To ALL Mortgage Brokers

14th October 2019

Dear Mortgage Broker If you have seen the level of your new Buy-to-Let mortgage and remortgage applications reducing, this is probably due to the fact that your clients are concerned about the changes to finance cost relief. Many landlords are either selling up or burying their heads in the sand, but they don’t need to. […]

Mixed LLP Case Study = Huge Tax Benefits For Landlords

14th October 2019

If you own some properties in your own name and others within a Limited Company, please read this Case Study and share it with any other landlords who might be in a similar position. Mr X owns UK rental properties in both his own name and a Limited Company. They are all residential. His daughter […]

Licensing needs to go back to the drawing board

14th October 2019

Research for safeagent conducted by London Property Licensing has recently uncovered over 130,000 unlicensed properties in London which should be licensed under either selective, additional or mandatory HMO licensing schemes. FOI requests indicated there are over 310,000 private rented properties in London that require licensing under mandatory HMO, additional and selective licensing schemes implemented under […]

Ever wonder why you’ve had a run in with a Local Authority?

14th October 2019

Its like that Council hasn’t got anything better to do! I know its not a Housing issue, but I thought it relevant to show the inadequacies of L.A’s as they relate to Landlords for Housing matters like Licensing. They should spend their time enforcing against the Really rogue Agents and Landlords, or perhaps they don’t […]

Rents grow as housing market slows

14th October 2019

HOMELET’s Rental Index figures for September 2019 have been released. The headlines from this month’s report are: The average rent in the UK is now £967, up by 2.5% on the same time last year When London is excluded, the average rent in the UK is now £797, this is up by 2.2% on last […]

Upad no longer accepting new business

14th October 2019

One of the Uk’s first online letting agents, Upad has confirmed it will no longer be accepting new business and it’s home page has now been redirected to >> https://www.upad.co.uk/closed.html The founder of Upad, James Davis, told The Property Industry Eye at the weekend that he recently spent 5 months recovering from an emergency heart […]

UC sending letters for landlord to non-existent address

14th October 2019

Dear Universal Credit Stage two, This complaint is about you sending letters to me/for me, to someone else in Nottingham where I do not live. Breaking data protection rules and not correcting your mistake quickly. So simple to solve, 10 second phone call, you have my address wrong, job done. Why is it 4 weeks […]

Asbestos and rental property

14th October 2019

I have one rental property. Purpose built in 1960s, typical construction of it’s era. I would like to highlight for other landlords their risks and responsibilities regarding this awful material and am interested to receive any advice from others who have experience. At a minimum I would recommend every landlord should carry out an asbestos […]

Anyone have a definitive guide for UC tenants?

14th October 2019

Is anyone willing to post a copy of a checklist they use themselves, of questions or things that any Landlord needs to check BEFORE considering a Universal Credit tenant please? Any hints or tips in trying to max out any money up front via the Council for possibly taking someone from their ‘Emergency List’? The […]

Mark Smith (Barrister-At-Law) Landlord tax planning strategies – Leicester

10th October 2019

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be presenting an overview of several landlords tax strategies at the pin Leicester Meeting property networking event Thursday 7th November 2019. The event will start at 6:00pm until 9:00pm and will be free for guests of Mark Smith that have not previously […]

Court Orders Possession – what’s next?

10th October 2019

The Section 21 date expired, but the tenant did not move so I sent off for an accelerated order for possession. This has been granted with a date in 10 days time. If the tenant leaves on the day, should they hand the keys back to me? What about their stuff left behind that they […]

Shelter warn of older people ‘stuck in expensive PRS’

10th October 2019

Shelter have today issued the press release below warning of a ‘ticking timebomb’ for older renters: Sky-high house prices have left hundreds of thousands of older people stuck in expensive private renting and now, new research by Shelter reveals that a quarter (25%) of private renters age 65 and over worry about becoming homeless. Official […]

Mona Lott is a bad tenant

10th October 2019

Yesterday I read that Bellway Homes cancelled a reservation for a Detached House because the “would be buyer” moaned a lot! Of course, if Bellway had not signed a contract then they are quite entitled to withdraw. I agree with Bellway. I have only, twice, refused to take tenants who moaned. Both about their current […]