Page 524 – Property118

Don’t believe what you read in Newspapers

16th July 2019

Further you cannot believe what you watch on television which is extremely anti-landlord. All journalists have their own Agenda. They are not all left wing but a good proportion are. I take as an example Battered Wives. I only do “family homes” and that means two and three bedroom houses. I used to go out […]

Would it help the situation if I become a live in landlord?

16th July 2019

I am become a member of Property118 a few years ago. It’s my first time to creating an article. I have a problem I hope other members can help me with or give me some advice. I have a HMO house. There are 3 tenants in the house. One of the tenants became a problem […]

Student rents indicating increasingly competitive market

15th July 2019

Data from Accommodation for Students (AFS) analysing the cost of student accommodation* in 2019 has found that the average rents across many cities are close to the 20-year average of £79 per week. This is good news for students indicating that there is value to be had, but may mean that landlords have to work […]

Johnson considers Stamp Duty switch from buyer to seller

15th July 2019

Conservative Party leadership contender, Boris Johnson, has confirmed his interest in switching Stamp Duty liability from the house buyer to the seller as proposed by Association of Accounting Technicians (AAT). Last year Johnson stated Stamp Duty was “absurdly high” and last month he suggested he would consider scrapping it for homes worth £500,000 or less. […]

PRS in England is not fit for purpose

15th July 2019

The private rented sector in England is not fit for purpose, failing both landlords and tenants according to some left wing reports. The general thrust appears to be that Private Sector Landlords should evict perfectly good tenants who have been in their house for years and re-let to tenants on benefits because they need a […]

Living in same building as their serial bad tenant – couple’s worst nightmare

15th July 2019

It’s been heavily publicised that a large percentage of the UK’s retirees are struggling to live off their pension, so it’s no surprise that some over 65s have turned to renting out rooms in their home, or other properties they may have, to boost their income.  However, in this week’s episode of Nightmare Tenants Slum […]

Transfer property to SPV limited company?

15th July 2019

My wife and I bought a property on 28th September 2009 (cash £170,000) to live in. We moved out from this property on 16th November 2013 and it has been let out continuously from December 2013 until today. My wife and I have been managing this property ourselves. The letting relief and Private Residence Relief […]

Stamp duty – First property in joint names?

15th July 2019

We currently live in a home worth £95000 and we intend to rent this out and purchase a home for £165000. We don’t own any other property. Does anyone know how much Stamp Duty we have to pay on our new home as we are getting conflicting answers? The new mortgage will be the first […]

Launching a fabulous opportunity in Leeds

12th July 2019

Property Investor Partnership is delighted to have secured four, 2 bedroom houses in Leeds, for the discounted price of £152,995.  These properties have been discounted by 10% off current list prices and also include flooring, turf and white goods in our discounted price. According to our rental partner, Leef Property Management, these properties will achieve fantastic rental […]

Letting agency fee increase?

12th July 2019

Hi, I have a sitting tenant who is willing to renew this tenancy, at the moment I am using full management service from a local estate agency. However, this local estate agency is pushing to raise their fees in light of this renewal (keeping the same tenant). Can I refuse the fee increase? Can I […]

Government needs to avoid breakdown of trust

12th July 2019

The Government urgently needs to provide tenants with better information on their rights and responsibilities if it is to avoid a breakdown of trust between renters and their landlords, the National Landlords Association warns. New research, commissioned by the NLA, found that over three quarters (79%) of tenants need better information about what they should […]

Agent sells out – What are the legal consequences?

12th July 2019

As a landlord I have recently discovered that the agent we have been using was taken over by another over 12 months ago. Neither I as the landlord nor the tenants have been advised of this change and there are other landlords saying the same. We have discovered this by looking back at bank statements […]

Annual house price growth 5.7%

11th July 2019

The Halifax House Price Index shows June’s annual change figure of 5.7% growth coming against the backdrop of a particularly low growth rate in the corresponding period in 2018, which has had an impact on year-on-year comparisons. The average house price now stands at £237,110. On a monthly basis, house prices fell by 0.3% In […]

£186,657 paid out to tenants – SafeDeposits Scotland

11th July 2019

During the last 18 months more than 200 landlords from across Scotland have been found in breach of a law designed to protect tenants’ deposits, according to research carried out by SafeDeposits Scotland. Since 2012, landlords in Scotland that take a deposit from their tenant have been required, by law, to lodge the deposit with […]

What to do now we have moved away?

11th July 2019

I have been an avid reader of this site and you kindly helped me before, so perhaps I can ask again for some advice? I have a 3 bed semi in Pegswood, near Morpeth, Northumberland, which used to be my home. In 2011 my mother had a stroke, which meant I had to drop everything […]

Rents rise just above inflation and tenancy duration drops

11th July 2019

THE latest data from HomeLet shows demand for rental properties remaining high and in examining the data from the last five years, HomeLet has found that the UK as a whole has experienced a 13.9% growth in rental values (12.5% when London is excluded). Headlines from June 2019’s HomeLet Rental Index are: The average rent […]

Squatting in Commercial Premises – Don’t wait to seek help

11th July 2019

In 2012, a change in law made squatting in residential property a criminal offence. The inevitable consequence of this was an increase in the number of cases of squatting in commercial premises.  Squatting has now become a real issue for commercial landlords and property managers, who need to make sure that they remove any squatters […]

Time to consider Derby for property investment

11th July 2019

Derby is an often-overlooked area when it comes to property investment. However, with the arrival of HS2 it will soon come into the limelight. Much of Derby’s property is undervalued but it is expected that the arrival of HS2 will push prices up significantly.  Between 2017 and 2018 property prices in Derby rose by 4.1% […]

Standard Variable Rate differential to fixed is widening

10th July 2019

Moneyfacts UK Mortgage Trends Treasury Report reveals that the average two-year fixed rate in July 2017 was 2.26% and the current average standard variable rate (SVR), is currently 4.90%. These figures mean that this month, the average difference between the rates that existing borrowers have been paying on their maturing two-year fixed deals and the […]

EPC inaccuracies could leave properties let illegally

10th July 2019

A recent study exploring the risks and impacts on the reliability of Energy Performance Certificates (EPCs) has uncovered a staggering amount of properties across the UK may be unwittingly let illegally. An extensive study using Spec technology has estimated that poor measurement standards currently used by the property sector has led to approximately 2.5 million […]

Court of Appeal allow Landlords say on Right to Rent

10th July 2019

Landlords will have a major role to play in a court case considering the future of the government’s Right to Rent scheme. The government has decided to appeal against a damning criticism by the High Court earlier this year that the Right to Rent breaches human rights law because it causes racial discrimination that otherwise […]