Page 542 – Property118

Brentwood Seminar is approaching and we would love you to be there

1st May 2019

Our Property Investment Seminar in Brentwood is only 1 week away and it is not too late to book your place. Fast facts about the event – Location: Marygreen Manor Hotel Time: 6:15pm arrival, 6:30pm start Venue: Marygreen Manor Hotel (60+ free parking spaces) Marygreen Manor Hotel, London Road, Brentwood, Essex, CM14 4NR Presented by one of the director’s of PIP, […]

Average single room rents increase by 3%

1st May 2019

SpareRoom’s Q1 2019 Rental Index reveals that the average cost of renting a room in the UK has increased by £15 pcm (3%) since this time last year, bringing the average monthly rent up to £582 across the UK. House prices may be falling, but rents are on the up in all regions of the […]

New launch of 2 bed houses from only £96,500!

1st May 2019

A fantastic opportunity to purchase 2 bed, new build houses in the centre of St Helens near Liverpool, with prices from only £96,500. We are also delighted to have secured these lovely properties, with an amazing discount of 12.5% off list prices. The properties are ‘off plan’, with completion scheduled for Q4 2019 – Q1 2020. The development is ideally located in […]

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

1st May 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 Eastbourne Meeting property networking event Wednesday 8th May 2019. The event will start at 6:00pm until 9:00pm and will be free for guests of Mark Smith that have not previously […]

Bank of England CPI inflation Calculator

1st May 2019

Consumer Price Inflation (CPI) questions have been common on Property118 regarding rent increase trackers and service charges amongst others. The Bank of England have a CPI inflation calculator that readers may in some circumstances or just for interest find helpful. Click here to use the calculator. The inflation calculator works for amounts between £1 and […]

Judge Throws Out Section 21 Bizarrely?

1st May 2019

I served Section 21 on 14th September 2018 as I needed possession of the property. The tenant was in Periodic Tenancy as the original tenancy was signed on 15/05/2014 and expired on 14/05/2015. The purpose of highlighting these dates is to exhibit that Tenancy Pre-dates Deregulation Act October 2015. As the tenancy was signed before […]

Splitting title deeds and the potential tax implications?

29th April 2019

I am looking to buy two properties which are currently under one title deed. I am looking to split the title deeds and sell one of the properties. What additional stamp duty and capital gains issues do I have? I intend to finance the purchase by bridging loan, split the title, then residential or buy […]

NAEA National Association of Estate Agents

Number of houses available to buy hits lowest level ever recorded for March

29th April 2019

NAEA Propertymark is today issuing its March Housing Report.  Mark Hayward, Chief Executive, said: “Despite the fact that activity in the housing market increased in March, the levels of supply and demand recorded aren’t where we would expect them to be at this time of year. It’s clear buyers and sellers are still feeling cautious […]

Parents of students – 400 rules and regulations they could be subject to!

29th April 2019

In a new report commissioned by the TDS Charitable Foundation, property expert Kate Faulkner provides advice for parents of students weighing up their accommodation options. Kate, who runs Propertychecklists.com and consultancy Designs on Property, analyses the costs and benefits of a range of accommodation options available to parents of students, including buying to rent and […]

S21 ban: Should straightforward possession cases be decided out of court?

29th April 2019

As we are all aware, the government intends to remove the option for landlords to use the no fault eviction notice under Section 21 of the Housing Act 1988, which with our current system would leave only grounds under Section 8, similar to the system recently introduced in Scotland. Unlike Scotland, however, there is currently […]

Bad advice and penalty fee for HMO let in Newham?

29th April 2019

Hi, I have a very tough situation here with my letting agent. Beginning of this morning, my letting agent found 3 sharers for my 3-bed flat located in Stratford. Basically, I was told that I just pay additional £500 upgrading my selective license to the additional HMO. It is very straightforward. Once I put the […]

£1,000s of tenant’s property in communal cupboard disposed of?

29th April 2019

I have a flat in Scotland which is within a new style development with a communal stairway. Within the stairway are located only two flats and a communal cupboard. The stairway has a locked door as does the communal cupboard and the exterior/communal areas are maintained by a 3rd party factoring company. The tenant has […]

Selling – I really don’t want to evict good tenants?

29th April 2019

When I met my wife I owned my own home in a North Yorkshire town. When we decided to move in together, rather than sell my house, I rented it and became an “accidental landlord”. Fast forward 8 years and my now wife and I have started a family and want a bit more space […]

Council threaten after uncorroborated nuisance complaint?

29th April 2019

Last year I let a property to a young lady and her boyfriend. He was recently arrested for assaulting her and is on remand. The old lady next door who lives in a council property has complained to the council about loud music and shouting. The council passed these complaints on to me urging I […]

Startling News on Interest-only Mortgages and end of term

29th April 2019

By January 2024, approximately 250,000 borrowers will have reached the repayment date for their interest-only mortgage. Most have no plans in place to deal with this problem and will struggle to find a new deal elsewhere, according to research by Kensington Mortgages. That number equates to about 15% of the 1.7m British borrowers who currently […]

The No Dss Debate – Landlords Alliance advice

26th April 2019

The National Landlords Alliance does not advocate contravening legislation so where the law says that ‘No Dss’ ads contravene equality legislation we must not use the terminology. Now for some straight talk. Shelter have campaigned for the abolition of S21, in effect eroding property owners rights. Shelter with their Million pound budget have time and […]

‘No DSS’ clauses in rental ads to be stamped out

26th April 2019

By the end of this month, the two biggest property portals in Britain, Rightmove and Zoopla, will no longer allow ‘No DSS’ lettings listings i.e. those that state tenants who receive housing benefits cannot rent an advertised home. The decision by the portals is part of a wider stance being taken to stamp out discrimination […]

Parliamentlive.tv – Work and Pensions Committee ‘No DSS’ debate

26th April 2019

Please click the video link below to watch the full Work and Pensions Committee evidence session for the “No DSS: discrimination against benefit claimants in the housing sector inquiry” 09:36:34 Witnesses: Helena McAleer, Landlord , Lynne Mapp, Mother of tenant, Phillipa Lalor, Tenant, and Greg Beales, Director of Communications, Policy and Campaigns, Shelter 10:07:39 Witnesses: […]

Chimney exhaust ownership

26th April 2019

Hello everyone, I have got a terraced house and we need to replace the chimney at the top which is moving a bit due to weather. This chimney is in between my and neighbour’s house. The question is how do I find out who owns the chimney as I want to split the cost as […]

True cost of DIY!

25th April 2019

Having a go at home improvements may be more costly than we think, according to a recent study by construction supplier Burton Roofing.    By analysing monthly housing data from the Office of National Statistics and talking to 1,000 UK homeowners, the investigation found that the average UK household will spend £1,150.24 every year on their DIY attempts. This equates to a total of more than £31billion (£31,229,016,000) estimated to be spent on putting up […]

Green illuminated exit sign symbolizing planning an exit strategy in property investment.

First signs of industry consolidating ahead of the tenant fees ban

25th April 2019

ARLA Propertymark is today issuing its March Private Rented Sector.  David Cox, ARLA Propertymark Chief Executive, said: “Whilst its really positive that the number of properties available per branch hit a record high last month, this may be the first signs of the industry consolidating ahead of the tenant fees ban as agents either sell-up […]