Page 530 – Property118

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 […]

Stamp duty for multiple purchase from same seller?

22nd October 2019

Hi I’am currently in the process of purchasing 2 properties from the same seller. I believe this is termed a “linked” purchase and extra SDLT is payable to HMRC. Please can anyone advise me of what the position of SDLT might be in this situation. Both of the properties being purchased are HMO’s. Many thanks […]

Where Does Brexit Leave Investors in the Property Cycle?

22nd October 2019

If you’re planning to invest in property in the UK, it’s important to consider the impact of Brexit on the property cycle – and, in particular, on your position within that cycle. In this article, the housing market specialists at Property Solvers will explain the impact of Brexit on property investors and their position within […]

Help RLA fight Welsh Section 8 repossession challenge

22nd October 2019

The RLA is fighting a ruling which could stop landlords taking back properties from tenants who are refusing to pay rent. It could be very important to challenge these absurd legal decisions for when/if Section 21 is scrapped and the traps attached to Section 21 are potentially carried over to Section 8. The Crowdjustice campaign […]

Esther McVey wants digital revolution

22nd October 2019

Housing Minister, Esther McVey, has announced plans to release data held by local bodies to enable the UK PropTech sector to thrive and for them to “bring about a digital revolution in the property sector.” The Housing Minister will announce measures to: Open up Compulsory Purchase Order (CPO) data for the first time in a […]

Abandonment notice after doing a bunk?

22nd October 2019

My ‘darling’ tenant has done a bunk and left yesterday. Neighbours saw him shifting stuff in the night. I had a call from his ex-girlfriend this morning stating he had called her to say the same and also to tell her that her stuff was now on the street too. I was in the process […]

Tenant asks for so called ‘No Fault Eviction Notice’?

21st October 2019

One of my valued tenants has today asked me to serve a section 21 notice as he is not getting anywhere with the council in terms of providing a council house. He believes they will take him more seriously once his landlord has served him notice. This is not the first time I have received […]

Big corporate L&G invest £750m into affordable housing

21st October 2019

This is the kind of big corporate investment George Osborne and his political and corporate allies wanted to encourage back in 2015 with the introduction of Section 24 mortgage interest relief restrictions on private landlords. Legal and General Press Release: Legal & General Affordable Homes announces that it has committed £750m to new affordable housing […]

Hackney expand enforcement team and begin crack down

21st October 2019

Labour dominated Hackney Borough council have issued a warning to unlicensed and criminal landlords that they expanded their enforcement team and given the “go-ahead to begin a crackdown on dangerous conditions and mistreatment of private renters.” The Council claim that one in five tenants suffer from cold homes, disrepair, or damp and mould. As a […]