Page 532 – Property118

Universal Credit Webinar

22nd May 2019

Following the Government role out of Universal Credit, which replaced many existing social security benefits (including housing), Caridon Landlord Solutions has been helping landlords to prepare for the changes. The challenges that both landlords and tenants have faced during the transition have been numerous, which is why Caridon Landlord Solutions was set up, helping to […]

Landlords Alliance – Emergency Euro Elections Statement

21st May 2019

The Landlords Alliance was set up to represent and fight for private landlords. We never planned or envisaged getting into politics; yet events have forced us to confront reality. May’s failed administration wants to scrap Section 21s, which will create potential lifetime tenancies and prevent landlords from having control over their own property. Until and […]

BTL to Holiday Let

21st May 2019

Has anyone converted a BTL to FHL (furnished holiday let)? After 11 yrs in residency one of my lovely tenants is leaving. Since this flat is a 5 min walk from Bournemouth’s best beaches, restaurants and bars, I am exploring the option of Holiday let. Since the Government is penalising Landlords with Section 24, the […]

Three ways to avoid 3% SDLT surcharge on BTL property purchases

21st May 2019

Ranjan Bhattacharya – Baker Street Property Meet In 2016, Chancellor George Osborne introduced a 3% SDLT surcharge on all investment property purchases. Many buy to let investors stopped buying in high value areas like London and the South East because the SDLT surcharge made the purchase uneconomic. But if you know how, the 3% SDLT […]

Only 15.75% of NLA landlords now support Tories

21st May 2019

Private landlords have lost faith in the Conservative Party, with only 15.75% of NLA members now saying they would support them in an election. Are Landlords now the elephant in the room for the Tories? This polling, conducted shortly after the once strongly pro-business party announced its intention to abolish the no fault section 21 possession process and end fixed-term […]

1st time UK buyer and stamp duty?

21st May 2019

My Son lived at home with us in Surrey until he went to work in Canada 9 years ago. He bought a home there. He has now returned to the UK after selling up in Canada and has bought a home in Yorkshire. He was charged 3% stamp duty. QUESTION: As he is a first-time […]

No tenant referencing, no consent and no friend?

21st May 2019

I decided to rent my property, as I was moving to India for an year to take care of my ill parents. I’ve handed over my property keys to the letting agent who I know and said that he has recently started his own letting agency, we’ve agreed on a fully managed service. Things I […]

Building Control certificate issued but not communal

21st May 2019

We have come across an interesting wrinkle in building control. We own a lot of apartments in a building (about 25% of the building) and have been issued with LABC building control completion certs for each unit with no caveat on them. We have recently been told as we are dealing with a potential cladding issue […]

Privatisation of the Private Sector Landlord?

21st May 2019

Make No mistake both The Conservative Party and The Labour Party intend to Nationalise The Private Sector Landlord. The scrapping of the Section 21 Notice, which both are committed to, means just one thing. Lifetime tenancies! For the Private Sector Landlord (PSL) he will never get his money out and we will be back in […]

38% of landlords will consider selling up if Government scraps Section 21

20th May 2019

Founder of Landlord Action, Paul Shamplina, has written to the Housing Minister, Heather Wheeler, inviting her to gain a greater understanding of the possession process before making drastic reforms.  This comes after a survey¹ carried out by Landlord Action has revealed that 38% of landlords will consider selling up if the Government goes ahead with […]

Should landlords have the right to refuse DSS tenants?

20th May 2019

And so the onslaught against private landlords continues. Earlier this month, we were shocked to hear that a cornerstone of tenancy law in the UK was to be overturned, with the scrapping of Section 21. Farcically, we were told that a consultation would take place after the decision had been made. This was an unexpected […]

Could the Conservative government be driving Landlords to the Brexit Party

20th May 2019

Dr Rosalind Beck wrote an article for Conservative home titled, ‘It’s not just EU policy that’s driving conservative voters towards the Brexit Party.’ Click here to view the full article. In this article Dr Beck quotes that 40% of Tory councillors and 60% of Tory activists say they will vote for the Brexit Party and […]

Protest with Care

20th May 2019

The European Elections are on us next week. If you wish to exercise a Protest Vote then do so with care. If you wish to not vote for the Party you normally vote for that is one vote less for that Party! However, if you vote for another major party you could well jumping out […]

Loft conversion without planning permission or building regs

20th May 2019

Hi everyone, We are in the process of buying a property and we have just found out that the loft conversion (into a bedroom) was done without planning permission or building regulations. This work was done probably over 25 years ago (windows are dated 1993) well before the current owners moved in. I asked my […]

Tenant Fees Act 2019 – Elephant trap for the unwary!

17th May 2019

Landlords be warned – From 1st June 2019 if you take a holding deposit (which must not exceed one week’s rent) ahead of a new letting, the Tenant Fees Act 2019 says it must be repaid if you go ahead with the tenancy agreement. Yes, if you complete the tenancy, you are supposed to repay the […]

Newsflash – Landlords Alliance to make major statement next week

17th May 2019

Firstly, I would like to welcome our new members who joined over the last few weeks. Your support is vital to our cause. The Alliance will be releasing a major press statement next week with further progress. However, from our constructive meeting with Sefton council, landlords nationwide can now refuse to engage with or proceed […]

Cartoon illustrating the burden of Capital Gains Tax on landlords and property owners.

2020 CGT changes and the implications of no PPR relief?

16th May 2019

We bought the property in 1988 for 79K. its current value is 500 – 550K. In 2011 I became ill and could no longer work so we rented out the property in Wokingham as it was cheaper to live on one salary in the north where we had bought another property. Question: Do we sell […]

Short term finance to help landlords purchase and improve property

16th May 2019

Paragon is expanding its specialist buy-to-let mortgage range with new short term finance products for property acquisition and refurbishment. The short term finance products are designed to help landlords planning to purchase and improve property, as well as those looking to upgrade already-owned property to achieve a better yield. The range includes three different options […]

Build Complete Apartments in Ilkeston – 1 beds from only £71,960

16th May 2019

Prices start from only £71,960 for a spacious, one bed apartment with secure parking, rising to only £85,596 for a two bed. We are delighted to have secured 20% off the list prices! Leef Properties have given us predicted rentals PCM of up to £475 for a one-bed and up to £575 for a two-bed, resulting in incredible yields of […]

Best Deposit Protection for disputes?

16th May 2019

Obviously I have an obligation to protect the deposits of my tenants, but having had 2 poor experiences with My Deposits on the only 2 occasions I’ve had big issues (I have had over 250 deposits protected) I wonder if there is an alternative that gives a less biased dispute service. I’ve just had a […]

Tenancy deposit disputes being resolved before adjudication

16th May 2019

Early intervention between landlords and tenants across the UK is resulting in many more deposit disputes being resolved by agreement, without the need to go to adjudication according to Tenancy Deposit Scheme (TDS). By law, each deposit protection scheme must offer free dispute resolution services for tenants, landlords and agents who can’t agree how deposits […]