Page 513 – Property118

Concerned about DPS certificate and issuing a section 21?

18th September 2019

In 2008 my property was let to a couple through an agent. The tenancy agreement was drawn up and both paid money into the DPS, £575 in total. A year later in what would now be a periodic tenancy they separated and the lady decided to remain. I drew up a new tenancy agreement in […]

Does Multi occupancy/HMO affect property value?

17th September 2019

There are two flats in a converted terraced property of which I own the ground floor flat. The other first floor flat (FFF) is owned by another leaseholder. I bought the freehold over 10 years ago with the previous leaseholder who then sold up and it was transferred to the current leaseholder and hence we […]

Rent controls that aren’t so tough landlords sell up?

17th September 2019

The Fabian Society, a left wing but not Marxist think tank, has released new research claiming private renters support for rent controls is motivated by more than just saving money, but also to tackle insecurity and unfair treatment. However, renters want rent controls that make a difference, but that aren’t so tough on landlords that […]

Esther McVey speech on supply and demand side housing policy

17th September 2019

Esther McVey, the Minister of State for Housing, has given a speech at the convention for the residential property sector outlining government policy enacted and futures plans in place to increase the supply of new homes to 300,000 per annum by the mid 2020s and assistance for extending the affordability of home purchases for First […]

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

One third fall in number of vulnerable people sleeping rough

17th September 2019

New analysis shows that the government’s Rough Sleeping Initiative is having a significant impact on reducing the numbers of vulnerable people sleeping rough on the country’s streets. It has provided £76 million to 246 councils across the country to date, supporting rough sleepers in their area off the streets and into secure accommodation where they can […]

Trying to find a mechanism for the first two days rent?

17th September 2019

I have a well funded ME student arriving on the 27th September and wants occupancy ON the 30th. He receives his funding on the last day of each month which might be the 31st. He wants to pay the rent regularly on the 1st, if the rent is payable the day before each monthly date […]

Agent responsibilities for turning off electrical equipment?

17th September 2019

Electric usage either side of tenant change is conducive with what I would expect. However a 3 month timeline between tenants has left me with a huge electric bill. My summation is that various electrical items have been left on. I know the electric bill is my responsibility. However, is my letting agent accountable for […]

Property118 Landlord Insurance Achieves National Recognition

16th September 2019

Our landlord insurance partner – The Home Insurer – has been announced as a finalist in the 2019 Insurance Times Awards, marking it out as one of the very best landlord insurance brokers in the UK. The Insurance Times Awards are the gold standard in the insurance industry and gaining a place as a finalist […]

Deep-dive interview with Mark Smith on landlord incorporation

16th September 2019

We will shortly be filming a ‘deep-dive’ interview with Mark Smith on all things to do with landlord incorporation. If you have any questions on landlord incorporation or specifically about incorporation using BICT please let me know. I would also like to include questions from those who have already incorporated and are looking for pointers […]

Champagne Shadow Cabinet own multiple homes

16th September 2019

A quarter of the Labour Shadow Cabinet own multiple homes according to the Daily Mail. This is despite the latest attack on landlords proposed by John McDonnell under a planned ‘Right to Buy’ policy if they were ever to get into government. Labour want to redistribute wealth and raise living standards by forcing landlords to […]

Section 21 abolition stinks!

16th September 2019

The following is not only absolutely true, so too are the photos. As both a landlord and agent, every week are varying numbers of Gas Safety Checks that require their annual renewals and each week the engineer arrives at my offices to collect all the sets of keys to the relevant properties. It’s a system […]

Would two baths and two beds give a better return?

16th September 2019

In our area there are 1930s estates which rent well. There are many semi and some detached. One area or estate has many houses where the third bedroom is something like 40 sq feet. This is only really a child’s bedroom. I am wondering about buying one for the rental market and converting this room […]

LTS claim 46% of London agents are not compliant

13th September 2019

London Trading Standards claim more than 46% of 1,922 agents inspected in the 15 months up to June 2019 by local council trading standards officers in London were non-compliant with either the Consumer Rights Act or the legislation on redress scheme membership. LTS also report letting agents were fined over £1.2million for breaking the law […]

Friday 13th Superstition

13th September 2019

Superstition stalls the property market as completions drop nearly 40% on Friday 13th This coming Friday 13th could put the housing and commercial property markets on pause according to analysis by Search Acumen, which shows a double-digit drop in both residential and commercial sales on Friday 13th. HM Land Registry data shows that the average […]

Average UK rent now at an all-time high of £970

12th September 2019

THIS August brings with it the label of all-time high rental prices, according to the latest data from HomeLet. The headlines from August 2019’s HomeLet Rental Index are: The average rent in the UK is now at an all-time high figure of £970, this is up by 2.4% (£23) on the same time last year […]

Can I issue S21 during counterclaim situation?

12th September 2019

Nightmare tenant, arrears, treats the place like a tip etc. Section 8 issued for rent arrears – eventually paid up when case came to court. Then her legal representative threw back a counterclaim of ‘landlord disrepair’ knowing she had just secured Legal Aid (how the hell this was granted knowing that there was no evidence […]

Average Buy to Let makes a return of just £2k a year pre-tax

12th September 2019

The true cost of a being a landlord: Letting platform Howsy has revealed how the profitability of the buy-to-let sector is being squeezed due to the hidden costs of being a landlord, coupled with the financial penalties handed down from the Government via changes to stamp duty tax. In recent times, the buy-to-let market has […]

Government approach to PRS is hurting but not working

12th September 2019

Tenants face higher rents as a result of the demand for private rented housing outstripping supply according to the Royal Institution of Chartered Surveyors (RICS). In their latest survey of the housing market they say that demand for private rented housing has increased for an eighth month in a row. This comes as supply continues […]

No mention of PRS attacks

12th September 2019

Shelter have issued a press release responding to MHCLG’s latest statutory homelessness statistics. The figures, as reported by Shelter,  indicate that a household became homeless every 4 minutes in England in the last year (April 2018 to March 2019) and that young people aged 16 to 24 are disproportionately affected by this country’s housing emergency. […]

Lib Dem conference agenda calls for abolition of Section 21

12th September 2019

The Liberal Democrats have released the agenda for their 2019 party conference. Click here to download. The Party looks likely from the agenda document below to confirm support for Conservative policy of banning Section 21 and reforming the court process. Conference notes with concern: i) The growing numbers of people across the UK reliant upon […]

Wild west policy changes are damaging landlord confidence

12th September 2019

The August 2019 RICS Residential Market Survey show tenant demand increased for an eighth month in succession, as a net balance of +23% of contributors cited a pick-up (non-seasonally adjusted figures). Set against this, landlord instructions remain in decline, an ongoing trend stretching all the way back to 2016. Given the consistent imbalance between rising demand […]