Page 533 – Property118

Where to move tenant during works?

5th October 2019

I have a tenant that is scheduled to have their apartment floor redone, but they will need to move out during the works. The management company have approved the costs of everything, but where is this person to stay for the 2 weeks that they need to do the work. The tenant is disabled and […]

Improve don’t lose Universal Credit

3rd October 2019

Rarely does a week go by when the media doesn’t contain a story relating to Universal Credit and the impact it is having on claimants and landlords alike. It can be difficult to cut through the noise and know exactly what the truth is. Then, just last week, the media reported that the Labour Party, […]

Pros vs Cons of having UC tenants?

3rd October 2019

I have never had any tenants claiming Universal Credit before. However, this time I have had a lot of inquiries from prospective renters on Universal Credit and even some from people who have working guarantors. What are people’s experiences taking on UC claimants and what are the added risks in readers experience? Many thanks Nav […]

Hand reaching toward a house-shaped safe representing secure rental deposits

Returning a tenants deposit

3rd October 2019

All deposits must have been registered with a government backed tenancy deposit scheme, these schemes are Deposit Protection Service MyDeposits Tenancy Deposit Scheme At the end of a tenancy as a landlord, the deposit should be returned to the tenant within 10 days once an agreement has been reached as to how much the tenant […]

RICS fire safety guide

2nd October 2019

RICS have published a clear and impartial fire safety guide to highlight the responsibilities of landlords and tenants in keeping properties safe regardless of the type of home they live in. RICS releases guide clearly explaining landlords and tenants’ fire safety responsibilities. RICS believes a basic understanding of fire safety for all can reduce number […]

Another flat’s washing machine draining into my shower?

2nd October 2019

I have a flat which is leasehold in a block. The management company run block issues. I’ve got an issue where someone else’s washing machine waste is draining into my bathroom via my shower drain. They got a plumber in who says the drains aren’t blocked and the pipes have been laid incorrectly causing this. […]

1,474 BTL products now available to newbie landlords

2nd October 2019

First-time landlords looking for a buy-to-let mortgage will find there is even more choice available than ever before. There are currently 1,474 buy-to-let mortgages available to first-time landlords, an increase of 297 in the last 12 months. The research from Moneyfacts.co.uk also confirmed that the average fixed rates for two and five year buy-to-let mortgage […]

DWP found guilty of maladministration

2nd October 2019

It is no secret that many landlords have had issues with DWP’s maladministration such as delays in setting up APA’s resulting in rental loss, some landlords turn to experts for assistance and to take the matter further by making a complaint to DWP on their behalf. Once a complaint is made to DWPs complaint team […]

Gas boilers to be banned from new builds by 2025

2nd October 2019

Unveiled by the Housing Secretary, Rt Hon Robert Jenrick MP, the Future Homes Standard will see polluting fossil fuel heating systems such as gas boilers banned from new homes by 2025 and replaced with the latest generation of clean technology such as air source heat pumps and cutting-edge solar panels. Ministers will also consult on […]

Shelter’s response to ONS homeless death figures

1st October 2019

Two homeless people died every day in England and Wales last year. Today, the Office for National Statistics (ONS) has released new figures on the number of homeless people who died in England and Wales in 2018. The figures show: • In 2018, an estimated 726 homeless people died in England and Wales, with 692 […]

Rat Infestation – Tough?

1st October 2019

I was wondering if anyone could give an opinion please: We own 3 apartments in a block. There is a commercial unit plus our 3 flats only. We are besieged with rats throughout the building, mainly in my 3 units. The Freeholder says its not his responsibility as nowhere in the lease does it state […]

Only 37% of BTL products available directly from lenders

1st October 2019

Research from Paragon Bank shows that 57% of landlords are most likely to source their next buy-to-let mortgage from their existing broker, while 41% state they would be most likely to go direct to a lender for a buy-to-let mortgage. According to Moneyfacts.co.uk, currently 37% of buy-to-let mortgage products are available directly. The research from […]

Otherwise I am out of pocket?

1st October 2019

Tenant issued with a S21 and a first time for me as it is no for rent arrears! The chances are though he will stay on until bailiffs appear. To get to that stage I will have to pay £355 to start the ball rolling once the S21 date expires. The flat has been fairly […]

Policy Light

1st October 2019

The Secretary of State for Housing, Communities and Local Government, Robert Jenrick has given his speech to the Conservative Party Conference titled “Homes Fit for the Future.” The speech was very light on policy and devoid of mentioning the PRS so I will pull out what I can of interest to the housing market that […]

Property developers target North of England

1st October 2019

In a national study of developers, almost two-thirds (65%) plan to increase their investment activity in the North substantially over the next two years, with the biggest opportunities seen as being in houses and flats, according to a study by finance specialist Together. Over half (57%) earmarked the North East as Great Britain’s most opportunity-rich […]

Property inflation three times wage over last decade

1st October 2019

– The average UK property price has risen 43% since 2008, while wages have increased by just 15% over the same period – If wages had increased at the same rate as house prices over the past 10 years, the average annual UK salary would now be £35,113 – London boroughs and Home Counties play […]

AST for tenant’s lodger?

30th September 2019

My tenant in a very popular area of the city occupies a Victorian terraced house with three double bedrooms and two receptions. She is self employed and has been there for over three years living with her two children. The house is under utilised as it is easily big enough to accommodate four adults which […]

Council – Do as I say not as I do?

30th September 2019

I have become involved in an argument with Richmond Upon Thames council over plans by a homeless peoples charity to convert a local hotel/motel into a housing project. The local residents are shocked that the council has waived local planning guidelines on size of units, parking provision and communal space. The scheme will see tenants […]

Section 21 ban would devastate PRS

30th September 2019

The private rented sector (PRS) would shrink by 20% if Section 21 ‘no-fault’ evictions are banned, according to a new economic analysis report*. A new deal for renters? The unintended consequences of abolishing Section 21, by Capital Economics on behalf of the National Landlords Association (NLA), also forecasts a 59% reduction in housing available to […]

Impact of the Tenant Fees Act continues to be felt

30th September 2019

David Cox, ARLA Propertymark Chief Executive, said: “Although it’s positive to see that supply has risen, it is nowhere near enough to counterbalance the rapid pace of rising rents, which have reached a new record high for the fourth month running. Two thirds of agents reported landlords raising rents last month, which is a significant […]

Newly separated mother with children?

30th September 2019

I have just had an enquiry for my rental property from a lady with 2 children who is about to separate from her husband. They are currently in rented property. As the decision has only just been made, there is no formal legal agreement between them in terms of how much maintenance he will be […]