Page 543 – Property118

A guide to dealing with mortgage arrears

11th March 2019

If you have missed payments and built up mortgage arrears on your property then it’s important that you act quickly. Too often too many people take the ostrich approach to financial matters. However, this is too important an issue to ignore as not dealing with mortgage debt could result in your home being repossessed. We […]

All bills included with an asterisk on the electricity?

11th March 2019

We are planning to renovate a 2 bedroom flat with all electric heating (possible wall heaters in each room) and an electric hot water system. Each en-suite would have electric showers so a hot water system would only be required for the taps in the en-suites and kitchen sink. Could anyone advise us on the […]

Labour want German style indefinite tenancies

11th March 2019

Labour Shadow housing secretary John Healey has gone one further than the pledge in their manifesto of 2017 of committing to make all PRS tenancies a minimum of a three year term. He would like to see ‘German style’ tenancies of indefinite length introduced as a matter of default upon the PRS to increase renter […]

Objections to Notice of Estimates for major works

11th March 2019

I am a leaseholder and we have a Section 20 major works project with 2 plans, one of which is much cheaper. It is not essential works either, but now we have a price. If a resident objects to the cost is that enough to stop the more expensive project? Am I right in saying […]

FREE MONEY FOR LANDLORDS!

11th March 2019

Following the success of our article Big Incentives to Assist with Housing Crisis we have given away THOUSANDS of pounds in FREE money to landlords as a combination of grants and incentives. We have a new list of eligible properties (see below). The scheme offers grants for property improvements, up front incentive payments and immediate letting […]

A tenant from hell can make or break you as a landlord

7th March 2019

Last month, during filming for the next series of ‘Bad Tenants, Rogue Landlords’ (due to air on Channel 5 later this year), we carried out an eviction in Cardiff. Although Landlord Action features in a programme with the term ‘rogue landlord’ in the title, I’m a little tired of the phrase being bandied about so […]

Mitigating risks of renting to students

7th March 2019

With more than 17,000 UK students facing rent arrears what should landlords who target this tenant be doing to mitigate the risk? Statistics state that the number of students that have been evicted from halls of residence have doubled over the past year rising from 40 to 97. Average rent for students The average UK […]

Halifax House Price growth at 2.8%

7th March 2019

The Halifax House Price index for the three months to the end of February has been released today and were 2.8% higher than in the same three months a year earlier. An increase from the 0.8% annual growth rate recorded in January. The average house price is now£236,800. Russell Galley, Managing Director, Halifax, said: “House […]

Stoke-on-Trent back off landlord with 37 properties!

7th March 2019

Stoke-on-Trent City Council has introduced compulsory selective licensing for all landlords in an area of Fenton. However, the Council seem to have set a precedent or admission by saying it was not in the public interest to force a landlord in the area to licence all 37 properties of his properties at a saving of […]

Night shifts vs access requests for viewings

7th March 2019

My landlord has given me notice as he wants to sell the property I am renting. I will be leaving in 2 months at the end of my fixed term contract. My AST has a clause which allows for viewings with 24 hours notice at ‘reasonable’ times of the day. My question relates to what […]

Home Office to appeal High Court Right to Rent ruling

6th March 2019

The Minister of State for Immigration, Caroline Nokes announced the Home Office rejected the Judge’s ruling against Right to Rent and indicated the government were ready to challenge the decision through the Court of Appeal. The Minister said: “In the meantime, the provisions passed by this House in 2014 remain in force. There are no immediate […]

The best luxury one-bed units secured for investors

5th March 2019

Our latest off-plan development is ideally situated just outside the city centre of Nottingham and we are delighted to have secured readers the best luxury one-bed units for the fantastic price of £104,995, with yields of up to 6.6%. All of the properties also come with a parking space! Our nominated letting agent, Joe Knowles […]

DPS and TPO giving contradicting advice and reviews?

5th March 2019

In a ‘nutshell’ Purplebricks letting agents have made a mess once more.  This time at a DPS adjudication, by again going against my clear instructions, when they entered a claim against the former tenants for the rental arrears, which were due to their early termination of the “fixed term” tenancy, but ironically they DID NOT […]

Warning signs highlighting tenancy fraud risks for landlords

Suspected falsification of employment reference?

5th March 2019

I have just let out two properties in the London area through 1 agent to 2 tenants. The agent provided us Veri Check reference check, employer reference, and passport IDs. However, after I received the tenant’s contact info, something looked odd so I went back to double check the reference by contacting both employers of […]

Accountant, Freeholder and Managing Agent all at same address?

5th March 2019

We have just had the latest ridiculous service charge bill (e.g. £250 for common parts electricity when we have one light-bulb on a timer in the hall and have used 120kwh this year!) from our freeholder who we know to be a particularly bad one (Trustpilot shows 94% “BAD” / 1* reviews) when we received […]

Can we counter admin fee with our own fees for replying?

5th March 2019

We own a commercial unit in a mixed used building. We recently had major issues with our Freeholder (FH) that has now mainly been resolved. The FH has presented us with an admin charge that we will dispute once we saw the breakdown. What I would like to know is can we counter the admin […]

Developer has torn up reservation and still holding deposit?

5th March 2019

In September 2018 we paid a substantial reservation fee to a Property Developer through a well known Property Investment Group to secure a new build apartment in Sheffield. The agreement we had with the developer and all the agents is that exchange of contract and stage payment would be made upon start of construction and […]

Discrimination against high risk tenants

5th March 2019

There has been much talk in recent media about landlords and letting agents discriminating against tenants who claim benefits for housing. I don’t think that is the case at all, these landlords and their agents are simply refusing to hand they keys of their valuable assets to people who present a high risk. Would you […]

‘No DSS’ adverts in the private rented sector

4th March 2019

Responding to an announcement from the Government that it plans to work with stakeholders to address the issue of ‘No DSS’ adverts in the private rented sector, John Stewart, Policy Manager for the Residential Landlords Association said: “Landlords should not refuse someone solely because they are on benefits, and should consider prospective tenants on a […]

When to consider a second charge mortgage

4th March 2019

The Mortgage Credit Directive (MCD) came into force in March 2016. This required brokers to consider a second charge alongside a remortgage, when clients were looking to raise funds on their property. Since then they have grown in popularity and the terms available in the market have improved with Second charge loans available up to 95% […]

Government to assist vulnerable with PRS deposits or first month’s rent

4th March 2019

Housing Minister Heather Wheeler MP has confirmed over £19.5 million is to be shared among 54 projects across England to help thousands of people who are homeless, or at risk of becoming homeless, to secure their own home. Councils will use the funding boost to help vulnerable people secure their own tenancy through support such […]