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£3.6 billion Towns Fund

9th September 2019

The 100 places invited to develop proposals for a new generation of multi-million-pound Town Deals have been announced by Local Government Secretary Robert Jenrick. The towns eligible for support from the £3.6 billion Towns Fund include places with proud industrial and economic heritage, but have not always benefited from economic growth in the same way […]

Tenant cancelled the telephone – What’s now normal practice?

9th September 2019

Our tenant has just ended her tenancy and informed BT that she was moving and didn’t need the phone number anymore. BT understandably then cancelled the whole line and now want £60 to set up a new line. I am sure this was unintentional by the tenant, but her agreement states that she should not […]

McDonnell and Marr lull landlords over RTB

9th September 2019

Andrew Marr is a former Maoist and a former member of the Socialist Campaign for a Labour Victory.  His entry in Wikipedia (click here) includes the following: “Regarding his political affiliations, he was formerly a Maoist and a member of the Socialist Campaign for a Labour Victory, an offshoot of the International-Communist League, now known as the Alliance for […]

Nottingham Luxury

6th September 2019

PIP is delighted to present our investors with this amazing opportunity to invest just outside the centre of Nottingham. This off-plan investment opportunity is ideally positioned close to the city centre of Nottingham and is made up of luxury one-bed apartments. We have managed to secure our clients the best units for the fantastic price of £104,995, with yields […]

Batten Down The Hatches

6th September 2019

Until the Storm of Chaos at Westminster is over I shall be battening down the hatches and selling no further properties. If you are a Buy to Let Investor purchasing off plan you should seriously consider whether you sign a contract in this present climate. Many BTL investors in 2008 were committed having signed contracts […]

Meeting MP about S21 Abolition – What’s the latest status?

5th September 2019

With the ‘B’xit’ word taking up everyone’s attention does anyone know the latest in regard to plans afoot to abolish Section 21? I have a long pestered for a meeting with my MP tomorrow morning to discuss my issues with this from a Landlord perspective. I clearly want to ‘guide’ him to get involved now, […]

Average Property Scam Costs Victims £107,669

5th September 2019

All property titles (in England and Wales) are published online and scammers can access this information to commit property fraud by forging your identity. You’re probably thinking that this isn’t likely to happen to you. However, research by ABC Finance has uncovered that there are twice as many property fraud claims than there are prevented […]

McDonnell’s distorted and dangerous version of Right to Buy

5th September 2019

The think tank Centre for Policy Studies (CPS) has written an article for release describing Labour’s private sector ‘Right to Buy’ policy as dangerous and damaging. This is superficially similar to a scheme proposed by the Centre for Policy Studies in October 2018, but is a damaging and distorted version of that policy. ‘From Rent […]

Nottingham Selective licensing adds £40 pm costs to tenants

4th September 2019

Nottingham City Council 5-year Selective Licensing period A typical family home, under this scheme will see rents impacted by circa £40.00 pcm over a 5-year period. (See table) We have not accounted for other pressures such as landlord tax changes, but believe Selective Licensing will bring higher rents as yields on c3 properties make it […]

Block insurance leak excess £10,000!

4th September 2019

In a conversion, containing over 100 apartments, there has been a spate of insurance claims relating to water leakage. This has resulted in increased premiums, and more specifically, a £10,000 excess for water damage claims, which the managing agent passes on to the individual leaseholder for the apartment responsible for the leak. Although my apartments […]

Can I cancel the tenancy agreement if deposit not paid?

4th September 2019

We rent out a lovely one bed flat in a University town. A PhD student from overseas has recently agreed to rent the property for 12 months from 20th September and has signed an AST (electronically) accordingly. We have requested that she pay the deposit, which she claimed (by email) to have paid by PayPal […]

Who needs a guarantor agreement?

4th September 2019

Legal opinion appears to be that it is difficult to create a guarantor’s agreement that can be enforced. Apparent problems include: • It must be executed as a Deed. • LL must advise Guarantor to take legal advice before signing. • Deed probably needs to be signed after the tenancy has started. • (and therefore) […]

Skipton reporting increasing overseas interest in UK BTL with Sterling devaluing

4th September 2019

Skipton International, a UK Buy to Let lender for overseas residents, is reporting strong customer interest despite ongoing uncertainty with Brexit. To the end of August year on year enquiry values through the lender’s online Mortgage Calculator have risen by 43%. So far 2019 has already witnessed more enquiry value than received across the whole […]

Legally Homeless, Out of Contract or Squatting?

4th September 2019

I have a tenant in rent arrears. He didn’t apply properly for Housing benefit at the point of moving in, so the Council have decided to only pay from when he did actually apply and have granted his rent benefit. £1300 owing here. Once the benefit was assessed he was then told top ups were […]

Do I have a new landlord post sale of car park bays?

4th September 2019

The freeholder of my rental flat in a Block split his original parcel of land into two parcels by selling off the parking bays. At FirstTier Tribunal, we won, as litigants in person, the right to free car parking on the bays of the new freeholder . (Needless to say, he was trying to charge […]

Have you written off tenant rent arrears too soon?

4th September 2019

A tenant falling into arrears, or simply not paying at all, is a stressful situation, especially if communication between the tenant and landlord has broken down and led to an eviction. Of course, the circumstances can be tricky to navigate, especially if the tenant has not just stopped paying through choice, but has fallen into […]

Come join us in Brentwood

3rd September 2019

We would be delighted for Property118 readers to join us at our Property Investment Seminar in Brentwood on Wednesday 18th September. Light refreshments will be served upon arrival and guests are encouraged. All we ask is that you let us know beforehand. Location: Marygreen Manor Hotel Time: 6:15pm arrival, 6:30pm start Venue: Marygreen Manor Hotel (60+ free […]

Oxford using plane with thermal imaging to catch beds in sheds

2nd September 2019

Oxford Council with the aid of a £274,942 government grant has been using a plane with thermal imaging to catch illegal beds in sheds run by criminals without planning permission. The extra heat signatures given off by people renting sheds as homes is a tell tale give away from the air in the same way […]

Crisis campaign to restore LHA levels to market rents

2nd September 2019

Restoring the levels of housing benefit, otherwise known as Local Housing Allowance (LHA), so they truly cover market rents has the potential to prevent more than 6,000 households from being pushed into homelessness and also lift more than 35,000 children out of poverty in the next three years in the UK. As part of Crisis’ […]

The worst housing crisis since the war

2nd September 2019

I am sure many people reading this will say not yet another old codger going on about the war. At the end of the war there was a shortage of 2 million houses due to enemy action, but now we are short of 4 million houses! I moved into a newly built Council Estate in […]

Unified voice – NRLA merger vote

2nd September 2019

The National Landlords Association (NLA) and the Residential Landlords Association (RLA) will unite to form the National Residential Landlords Association (NRLA) with a membership of more than 80,000 landlords making it by far the largest organisation in the sector. Its members will own and manage half a million properties, about 10 per cent of the […]