Page 537 – Property118

Partnership Taxation: who can be a partner?

18th April 2019

There are few restrictions on who can be a partner. Both natural and artificial persons, such as companies, can be partners. It is not a requirement of partnership that each member is physically capable of performing the full range of the activities of the partnership business, but each must be capable of performing a part […]

Keep up to date with all the new laws – Landlord Law Conference 2019

18th April 2019

Every year it looks as if things CANNOT get more complicated and difficult and every year it just seems to get worse! This year we have: New laws on energy efficiency and utilities New laws on property ‘fitness for habitation’ New laws on tenant fees and deposits Not to mention the government’s declared intention to […]

Be a guest of Mark Smith (Barrister-At-Law) – Swindon

18th April 2019

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be presenting an overview of several landlords tax strategies at the pin Swindon Meeting property networking event Wednesday 24th April 2019. The event will start at 6:00pm until 9:00pm and will be free for guests of Mark Smith that have not previously […]

New – National Trading Standards Estate and Letting Agency Team

18th April 2019

A new team has been set up to provide greater protection for renters in England from letting agents who charge illegal tenant fees. This follows legislation that will ban tenant fees in the private sector in England from 1 June 2019. The new enforcement team – being led by National Trading Standards – will be […]

Elusive tenant after repairs?

18th April 2019

My tenant told me that his father (an electrician) would do a minor repair in the flat he rents. A quote for the job seemed okay so the tenant said he would pay and I could knock it off the rent. Next month he confirmed work had been done, but cost a bit more and […]

Applying for LTD Co Specialist BTL products directly?

18th April 2019

Hello, I want to be able to apply for specialist BTL, commercial, bridging etc loans myself without having to go through a broker. After two failed BTL applications I’ve made a point to read every word of lenders criteria and understand it as much as possible, in fact i really enjoy the process being an […]

Section 21 – Emergency meeting and joint delegation

17th April 2019

The National landlords Alliance, while profoundly disagreeing with the approach of the NLA and RLA, believe that we should all put our differences aside and hold an emergency summit without delay to discuss and agree a common approach to the proposed abolition of section 21. Also to rethink our position on section 24, a fight […]

Changes to Pension Credit next month

17th April 2019

I have just came across the following information which I had not heard about previously which may impact some P118 members. This news was released at 7.20pm on the eve of the Brexit vote and could “cost” some pensioners up to £7,000 pa in lost pension credit. In short: Couples where one is over the […]

Abolishing S21 without S8 fully ‘fit for purpose’ will have dire consequences

16th April 2019

Abolishing Section 21 without making Section 8 fully “fit for purpose” will have dire consequences on our housing supply. Yesterday (15th April 2019), the government has outlined plans to consult on new legislation to abolish Section 21 in a bid to end so called ‘no-fault’ evictions. Although this is not a surprise move, it is […]

16 MPs own BTL in London and still claim rent from taxpayers!

16th April 2019

The Mirror has revealed 16 MPs who invest in Buy to Let in London and still claim rental expenses from the taxpayer for staying in the city! This is after the Tory government announced its latest attack on the Private Rental Sector with a proposed ban on the use of Section 21 evictions leaving effectively […]

In the wake of Panorama

16th April 2019

Following the Panorama BBC TV Programme of 18th March 2019 the situation is that 60% of the tenants of Grice Close have now moved out. Who needs a Section 21 if you have Panorama! It does the job for you! One tenant said that they know nothing of what is going on! That is true, […]

BTL in Ireland but first main residence in the UK?

16th April 2019

Hi all, I am wondering if you can help me clarify if i am exempt of the 3% surcharge on my first main residence in the UK. I currently consider my rental property as my main residence for past 3 years in the UK since moving from Australia. I own a BTL in my home […]

Make for the Exit

16th April 2019

When the Alliance was born last year, one of the first points we made was about the inevitable abolition of Section 21. Sadly it has now come to pass on the back of lies purveyed by fools. We stated that we would be different and would not flog products as the other organisations do. Our […]

Tenant Fees Act 2019 – Draconian legislation

15th April 2019

I am a solicitor and a consultant with DMH Stallard LLP and have been a PRS landlord for 30 years. The Tenant Fees Act 2019 which comes into force on 1st June 2019 applies to fees paid in connection with lettings of residential property by Private Rented Sector (PRS) landlords. There are some transitional provisions […]

Section 21 Ban – Government Consultation and Press Release

15th April 2019

The government will shortly launch a new consultation on proposals to remove the ability of landlords to use ‘no fault’ evictions under Section 21 of the 1988 Housing Act. The government will collaborate with and listen to tenants, landlords and others in the private rented sector to develop a new deal for renting. The government […]

Theresa May announces she will ban section 21

15th April 2019

Prime Minister, Theresa May, has announced she plans to ban the use of Section 21 or what is termed as so-called ‘no-fault evictions’ in England. The PM said: “Everyone in the private sector has the right to feel secure in their home, settled in their community and able to plan for the future with confidence.” […]

Section 21 ban risks hurting tenants

15th April 2019

PRS warns of “serious dangers” to the supply of rental housing for vulnerable tenants as a result of government plans to axe Section 21. The Government is proposing a consultation on the abolition of Section 21, so called  ‘no fault’, repossessions in the private rented sector in favour of improving the court system to ensure […]

ARLA response to Section 21 ban proposals

15th April 2019

Today, the Government announced its intention to abolish Section 21 notices for eviction, in an effort to create open ended tenancies for all private renters. Section 8 evictions are also set to be reformed, with a consultation launching shortly. Tenants are rarely evicted via Section 21 notices unless their landlord has a genuine reason for […]

Section 21 ban proposed by First Minister of Wales

14th April 2019

Mark Drakeford AM, the Leader of Welsh Labour and First Minister of Wales announced that the Welsh Government will be banning Section 21. With the Government’s own data showing that it takes over five months from a private landlord applying to the courts for a property to be repossessed to it actually happening, the RLA […]

Housing market dragging, Tenant demand up, Landlord supply down

12th April 2019

The latest RICS Residential Market Survey remains subdued in March and looking ahead, the lack of momentum is likely to continue for a while longer. Click here to download the full survey. Enquiries from new buyers saw the eighth negative reading in a row, with 27% of respondents seeing a fall in buyer demand which […]

Excessive charges for HMO damage?

11th April 2019

I was guarantor for my son when he had a room in a shared house. He caused some damage to the room so when he left, the landlord sent me a bill. However he has charged over and above the cost of replacement furniture, and labour costs. (£800 to paint a bedroom ) total was […]