Page 544 – Property118

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 […]

Steer clear of any investment in ex-office blocks

11th April 2019

Office Blocks, converted to Residential Occupation, fulfil an immediate need but are not a sensible investment for Private Sector Landlords (PSLs) in Provincial Towns! My advice is do not buy a sub-lease in a Housing Warehouse. Planning consent is not required for such conversions and they are filled with drug addicts, alcohol addicts, and so […]

Section21 4a or 6a – What am I missing?

11th April 2019

I have a tenancy which started in March 2014 and went periodic in September 2014. I have served a section 21 4a notice on my tenant as of February 2019, however I have been told that this is not the correct notice and could be thrown out of court and that following the introduction of […]

Paragon – Landlords taking action to mitigate higher tax costs

11th April 2019

Landlord action to mitigate higher tax costs will lead to a lower level of buy-to-let remortgage transactions going forward according Paragon’s PRS Trends Report for Q1 2019. Nearly six out of ten (58%) landlords reported an increase in their 2017-18 tax bill. Paragon’s latest quarterly survey, which tracks the experience of more than 200 landlords […]

Consent to let charge silent in lease?

10th April 2019

I am planning to rent out my flat for a shorthold tenancy agreement. On my lease it says that I need to get written consent of the landlord for subletting. I had enquired with the landlord (this being the freeholder). They have asked for payment for £150 (£125 plus VAT). This consent consists of a […]

Landlord Incorporation Checklist

10th April 2019

If you’re contemplating a transfer of your rental property business into a Limited Company, this checklist will prove extremely useful for you. Does the operation of your rental property business occupy at least 20 hours a week of time, including that of agents and contractors whose services you engage? If so, you may well be […]

Rents rise as tenant fees ban looms

10th April 2019

According to the latest data from HomeLet’s Rental Index, UK rents for new tenancies have begun to rise at a rate not seen in the market for over two years. The annualised picture shows rental values having increased at a higher rate than was seen in 2018 rising by 3.3% in the last 12 months. […]

New government guidance to protect tenants

9th April 2019

New online support as part of government’s commitment to give greater protection to tenants, and reform the private rented sector for the better – written by MHCLG and Heather Wheeler MP. Local authorities across the country are set to receive a new package of online support as part of the government’s commitment to give greater […]

Forfeiture of holding deposits/reservation fees

9th April 2019

Imagine this scenario. A prospective tenant, T, answers an ad and phones up and arranges to view a property. T meets the Landlord, L, and agrees to rent the property for 12 months starting in 14 days’ time at £900 per month. L asks for and T pays a reservation fee of £200 to take […]

Should violence go with the territory?

9th April 2019

No too long ago Property118 covered Kicking Landlords. Now we have Stabbing Landlords. Such a Course of Action is not to be recommended. If a tenant or his representative threatens violence towards the landlord or his employees, it is certain to result in the termination of the tenancy. In 2014 a tenant threatened to stab […]

Why do landlords carry the blame for intentionally homeless tenants?

9th April 2019

Hi Phoebe, If I may introduce myself, I run a Possession company for Landlords who are struggling to get their properties back from bad tenants. The story you wrote for KentLive was an interesting one – ‘Dirty, disgusting and isolating’ Mums describe grim reality of Ashford’s temporary housing B&B’s’ “Two mums have welcomed plans to convert […]

Bank of England survey of attitudes to inflation and interest rates

8th April 2019

This news release describes the results of the Bank of England’s latest quarterly survey of public attitudes to inflation, undertaken between 8 and 9 February 2019. Q: When asked about the future path of interest rates, 22% said rates might stay about the same over the next twelve months, compared with 19% in November. 47% […]