This is an extremely niche BTL mortgage product, but I am sharing the details on behalf of a broker friend who specialises in this market. It isn’t easy to get a BTL mortgage if you’re over the age of 75, let alone one that is on an interest only basis for an indefinite term, i.e. […]

I’m seeing quite few auction properties at the moment that are really interesting which are being sold with with tenants on a rolling AST. The properties look good (some even have internal photos which suggest at least access can be gained) but all the advice I’ve read says stay away from these at all costs. […]

Recent legislation prohibits the applying of fees to tenants. Our AST clearly sets out the exact nature of the tenants responsibilities during their day to day occupation of the property. For example if a light bulb fails it is their contractual obligation to replace it, likewise If the sink blocks, they damage internal fittings etc. […]

Jacob Rees-Mogg has co-authored a paper for the Institute of Economic Affairs titled ‘Raising the Roof – How to solve the United Kingdom’s housing crisis.’ The Paper draws on some of the entries for the second Richard Koch Breakthrough Prize to find free-market solutions to the United Kingdom’s housing crisis. The £50,000 prize is awarded […]

Nearly 60% of all adults say they have no Will *  That’s a surprising statistic when you consider the implications on those that we love. Not having a Will means that your next of kin will be faced with additional responsibilities after your death, including the potentially onerous task of managing the responsibility of obtaining […]

With all the adverse legislation now surrounding Tenant Deposit Protection I like to give my tenants another choice. Guess which one they pick given this pitch? “You need to pay one month of rent up front plus five weeks deposit. However, I can waive the deposit if you agree to pay an extra £20 a […]

NAEA Propertymark is issuing its June Housing Report with Mark Hayward, Chief Executive, commenting: “Although we’ve seen a slight drop in supply and demand, the housing market is still stronger than expected, showing signs of resilience amid political uncertainty. The warmer months can often result in the market quietening down, but we’re not yet experiencing […]

SafeDeposits Scotland, which protects more than 60% of all Scottish tenancy deposits, has revealed where owners of Scottish residential property using the scheme are based. Consulting its own, substantial database, SafeDeposits Scotland has created a top 10 list and found that overseas landlords come from far and wide. Australia tops the table by a considerable […]

Forget Predictions. Investors want hard facts. I met with a Mortgage Broker in Ashford yesterday. He told me he is doing wonderfully well with mortgages for “owner occupiers” but had not done a Buy To Let Mortgage for over a year! He put this down to the fact that most of his business is at […]

I have written an article published yesterday by conservative home titled ‘The Government’s war on landlords will only make the housing crisis worse for the lowest-paid.’ The article is concerning the proposed scrapping of Section 21, and I comment: “Clearly, there are far more rogue tenants than there are rogue landlords. However, one would imagine […]

Caridon Landlord Solutions calls on Boris Johnson to review the Benefit Assessment Period (BAP) of Universal Credit which is catching landlords and tenants out. Landlords and tenants who do not understand the implications of coordinating the Benefit Assessment Period (BAP) of Universal Credit with the dates of their tenancy agreement are, in some cases, missing […]

Reasons for obtaining property valuations for tax planning purposes include:- Transferring properties into a Limited Company April 2015 valuations for non-residents to establish base values for CGT calculations Establishing revaluation reserves when properties are transferred into an LLP HMRC can open an ‘aspect enquiry’ into any tax declaration so it is important to have documentation […]

Following on from the previous discussion around the withdrawal of interest relief, we look at the impact of Brexit and the additional 3% stamp duty. Brexit Jitters? Over three years ago, on 23 June 2016, the United Kingdom voted on “remain a member of the European Union” or “leave the European Union” with the leave […]

We are a portfolio landlord and due to the current S21 consultation we are disposing of some of the portfolio as they become vacant. Inevitably properties need a quick tidy up before being marketed. Our current insurer (Hamilton Fraser) claim they offer 3 months full cover after a property becomes vacant, before it reduces to […]

Yesterday I covered Auctions and today Off Plan purchases. We have a change of Prime Ministers and we must give the lad a chance. Boris needs a Housing Czar! In my neck of the woods houses are going up like never before, but developers cannot find a sufficient work force. That is a problem for […]

After the ‘night of blond knives’ the new PM Boris Johnson has replaced Kit Malthouse with enthusiastic Brexiteer Esther McVey as Housing Minister and replaced James Brokenshire with the lower profile Robert Jenrick as Secretary of State for Housing, Communities and Local Government. Official Government Release The Rt Hon Esther McVey MP was appointed Minister […]

The proportion of homes let by a company landlord has been rising steadily since 2016 when the tapering of mortgage interest tax relief for non-company landlords was announced (see notes to editors). Latest 2019 figures show 12% of homes were let by a company landlord, reaching the highest level since 2011 and up from 9% […]

Estate and Letting Agents in the UK are being urged to check that they are signed up with an approved redress scheme that covers the full remit of their work. The warning follows a recent tribunal that penalised a business that was signed up to a redress scheme for its letting agency work but not […]

The Universal Credit Managed Migration pilot in Harrogate will begin this week, initially it was supposed to start on 17 July 2019, but was delayed as the regulations had not been passed. Please find the below copy of the: The Universal Credit (Managed Migration Pilot and Miscellaneous Amendments) Regulations 2019 Click here to download. If […]

I am a new Director of a Property Management Company (PMC) which has been set up as a Private Ltd Co to manage a block of flats with 90 units. We have been told that all meetings of Directors are informal, no minutes are needed, no voting needs to take place on decisions taken. Meetings […]

I attended the Clive Emson auction in Maidstone yesterday (23rd July, 2019) and was with my pal Billy Singh at noon when the news came over my mobile telephone that Boris Johnson had won and would be the next Prime Minister. I thought there would be a cheer or boos from the audience, but no […]