Page 534 – Property118

Freehold Director mix up

30th September 2019

When I bought my flat 2 years ago the managing agent reported that I would be appointed a director of the freehold company and he would take care of this with companies house. I received the share certificate and everything looked normal. Another freeholder has recently asked to resign and so I checked companies house […]

Court order to release deposit when tenancy has been surrendered?

30th September 2019

Does anyone have any experience in issuing a Court Order to release money held by the DPS? Just briefly, the tenants ‘surrendered’ their tenancy by writing to the Landlord, leaving the keys in the house (and most of their furniture) and without giving notice. In their letter to him they stated that he could have […]

Philosophers consider envy to be evil and destructive

27th September 2019

Property118 member, author and landlord campaigner Dr Rosalind Beck was able to ask the fourth question last night on BBC’s Question time presented by Fiona Bruce in Cardiff. The question presented to the panel including James Cleverly MP, Nick Thomas-Symonds MP, Adam Price AM, Mark Reckless AM, and Gina Miller was: Philosophers consider envy to […]

Norwich Council – False claims and hypocritical action

27th September 2019

A recent article concerning Norwich Labour Council’s attack on Section 21 has been responded to by a letter ( below ) to the Norwich Evening News. Readers are encouraged to email individually to ‘press’ for the matter to be covered. [ [email protected] ] Further, if any Norwich Landlords are aware of additional relevant information, please […]

Two Manchester 3 bed houses

26th September 2019

PIP is delighted to have been able to secure two discounted investment opportunities for readers, with discounted prices starting at only £152,000.   Our exclusive price includes an upgraded specification, white goods (washer/dryer and Fridge/Freezer) turf and fencing. According to our Rental Partner, Leef Property Management, investors will enjoy yields of up to 5.7%, as this […]

Housing on the Conservative Fringes

26th September 2019

Assuming Parliament goes into recess, or the ship is abandoned for the Conservative Party conference to proceed, the main agenda published so far does not even include housing policy. Housing is only listed as a category in the fringe events: click here to view. Interesting to note in the agenda below on 01/10/2019 15.00 ConservativeHome […]

SafeDeposits Scotland’s dispute management training tour

25th September 2019

In the last year, 490 disputes have arisen between landlords and tenants in the Edinburgh postcode area according to the latest research from SafeDeposits Scotland. The deposit protection provider found that the average amount that tenants and landlords in the capital disagreed over deductions to the deposit at the end of a tenancy was £351 […]

The standard of PRS accommodation has significantly improved

25th September 2019

The standard of accommodation in the PRS has significantly improved in the last decade as the sector has expanded and professionalised. The proportion of homes in the PRS in England deemed non-decent by the ONS has fallen for ten consecutive years, decreasing to 24.5% from 44% in 2008. In spite of the sector growing by […]

Should I sell or risk tenants buying at undervalue price?

25th September 2019

Should I sell? What Solutions are there for this Dilemma? I Realise that Nothing has happened YET! But I just want to be clear about what my options are. Who thought George Osborne would have removed Mortgage Interest Relief! / Removal of Section 21! + ALL the other Rules and Regulations they are Hitting us […]

Aldermore

Company Buy to Let rates reduced by 0.3%

24th September 2019

Aldermore, the Specialist Bank, has today reduced by 0.3% its Company buy to let remortgage and Company Multi Property purchase and remortgage products. The move is to help landlords looking for long-term stability when planning to grow their portfolio, purchase multiple properties or remortgage. Damian Thompson, Director of Mortgages, said: “We are pleased to announce […]

National Empty Homes Week

24th September 2019

Monday 23rd September marks the start of National Empty Homes Week. The Empty Homes Week was founded by Action on Empty Homes to highlight Britain’s underused or completely unused housing stock and to encourage action on how it can serve those with housing needs. Action on Empty Homes estimate that nationally there are over 216,000 […]

£500 Ikea gift card

24th September 2019

A Dunfermline couple and their landlord are celebrating today after finding out that their tenancy deposit was the 500,000th protected by SafeDeposits Scotland. Carla Dow and Craig Taylor, who recently moved in to their first home together, were shocked to find out their deposit was the half-millionth registered with the scheme.  The couple were presented […]

Selective licensing – Effective tool but needs improving!

24th September 2019

Opinion Research Services was commissioned by MHCLG to carry out a review of selective licensing and carried out in-depth research and consultations with stakeholders from across the sector. The report finds that selective licensing is an effective tool when implemented properly, and identifies a range of areas where the operation or implementation of selective licensing […]

Appropriate timing for renewal of 6 month leases?

24th September 2019

I would like some advice about the timing for renewal of 6 month leases. I have set up a 6 month lease for 2 separate tenants renting an en-suite room each in our flat. (We keep a 3rd en-suite room there for ourselves when we are in the city and share the kitchen with the […]

Ben Beadle is to be chief executive of new NRLA

23rd September 2019

Ben Beadle is to be the chief executive of the new National Residential Landlords Association, formed from the merger of the National Landlords Association and the Residential Landlords Association. The NRLA will launch in January 2020. Ben is currently Director of Operations at Touchstone, part of the Places for People housing group. Previously he was Managing […]

We now pay Affiliates for tax planning referrals

23rd September 2019

A huge number of landlords have never sought professional advice to identify the optimal business structure to meet their goals. In our experience, the most common gaps in landlords business plans relate to considering business continuity, legacy planning, protecting their assets from ‘gold-digger spouses’ of their children and the optimal tax structure for income tax, […]

‘State of the Nation’ – National Housing Federation

23rd September 2019

More than 8m people in England, approximately 1 in 7, are living in an unaffordable, insecure or unsuitable homes, according to the first ever ‘state of the nation’ report on the housing crisis, released by the National Housing Federation. The research shows that 8.4m people are hit by the broken housing market, capturing the true […]

Flipping – Legal but is it moral?

23rd September 2019

Flipping is back with a vengeance. It is quite legal and involves a house purchaser completing the purchase of house, moving in, then putting the house back on the market often for profit. I have seen examples of 40% profit and accept that is achievable. It is trading in the “futures market”. I note that […]

Starting from scratch – HMO?

23rd September 2019

I’m looking to get into property investment. Buying the property and renting it out. I am trying to learn everything as I can about HMO rules, but I am not sure if I really understand article 4 for HMO, has it made life difficult for the HMO landlord? I would like to know everything about […]

Section 24 – Any movement?

23rd September 2019

Having just seen on the forum, a worrying question answered with a successful and direct approach into the government’s housing sector team, where can we find ways to approach the correct department to lobby for any change to section 24 of the Finance Act? By now lots of us have had to submit 2 returns. […]

29% of landlords report tenant demand growing or booming Q3 2019

20th September 2019

The proportion of landlords who believe tenant demand is ‘growing or booming’ has increased to the highest level in almost a year, according to Paragon’s latest PRS Trends Report for Q3 2019 At 29%, the proportion of landlords saying tenant demand is growing or booming reverses a substantial drop in Q1 2019 (21%) and returns […]