Page 546 – Property118

Smart Meters – Beware and advice needed?

18th July 2019

I have just received a letter from Eon saying they have “issued a safety warning notice stating that the boiler is unsafe to use” in a house I rent out. They wanted to shut the boiler down, but the tenant (a very good one) refused to accept the notice or allow them to shut it […]

Debt collector nonsense – Get your time at £19 per hour

18th July 2019

II was recently speaking to a Debt Collector. He was a nice chap, but there was one flaw. The Debt Collector had not put the subject property on the letter and I did not have a clue which address it was. He was pursuing a Utility Bill. I asked him which property it was and […]

Solicitor incorrectly defined lease terms?

18th July 2019

When buying a shared ownership property, the lease I thought I was buying into was 125 years. This was the paperwork received from the solicitor. The property was purchased in 2008. 11 years down the line and having recently decided to sell the property it now appears the housing association are saying there is only […]

Government release final ROPA Report

18th July 2019

Mark Hayward, Chief Executive, NAEA Propertymark and David Cox, Chief Executive, ARLA Propertymark comment on the final report from the Regulation of Property Agents (ROPA) working group: “This is a significant moment for those in the property industry and a huge leap forward in stamping out bad practice. We have long called for Government intervention […]

Fantastic yields for 2 bedroom houses in Leeds

17th July 2019

Property Investor Partnership is delighted to have secured four, 2 bedroom houses in Leeds, for the discounted price of £152,995. These properties have been discounted by 10% off current list prices and also include flooring, turf and white goods in our discounted price. According to our rental partner, Leef Property Management, these properties will achieve fantastic rental […]

Are markets anticipating a Bank Base Rate cut?

17th July 2019

Research from Moneyfacts.co.uk shows that the average two-year fixed and tracker mortgage rates have remained unchanged since the beginning of June. The lack of rate change this month comes despite SWAP rates (a derivative market lenders use to hedge themselves against interest rate fluctuation) falling noticeably since the beginning of May this year. The two-year […]

How should we go about a change of letting agent?

17th July 2019

Recently we have had quite a few incidents with various agents performing disappointingly. Such as delaying a few months in paying rents, changing tenants without prior notice to us landlords. I’m wondering what rights we have as landlords to fire our agents? Can we do it midway in a tenancy agreement? How should we go […]

Get into the real world

17th July 2019

We have in Britain the lowest unemployment since 1953 and Shelter have poorly judged the mood of the Public. In case Polly Neate has not realised the underlying problem is one of insufficient houses. It is a Government Housing Programme that is needed, not boys playing with Lego! Polly Neate earns an over £100,000 salary. […]

Illegal HMO- Do we advise Council?

16th July 2019

Dear all, just need some guidance. In summary we gave our house to a rent guarantee company back in 2018. It has turned out to be a big mistake as we have received very poor service and most recently they have stopped paying us rent. We were informed that it would be let to a […]

Zero Tolerance – £30k per offence?

16th July 2019

My council have invented a ‘zero tolerance’ policy in relation to enforcement of housing standards. They are saying that effectively they can fine up to 30k PER ‘OFFENCE’ and will be an ‘on the spot’ type of fine whereby the landlord will not be given any chance whatsoever to put the situation right, they will […]

Lease covenants breaches by the Landlord

16th July 2019

The freeholder of this residential block of 8 flats over commercial units (that exceeds 25% rules) have breached their covenants many times. The freeholders have given a long lease to their own LTD X (same shareholders) for the residential site of 8 flats and a court yard for parking. 5 of these flats have now […]

Don’t believe what you read in Newspapers

16th July 2019

Further you cannot believe what you watch on television which is extremely anti-landlord. All journalists have their own Agenda. They are not all left wing but a good proportion are. I take as an example Battered Wives. I only do “family homes” and that means two and three bedroom houses. I used to go out […]

Would it help the situation if I become a live in landlord?

16th July 2019

I am become a member of Property118 a few years ago. It’s my first time to creating an article. I have a problem I hope other members can help me with or give me some advice. I have a HMO house. There are 3 tenants in the house. One of the tenants became a problem […]

Student rents indicating increasingly competitive market

15th July 2019

Data from Accommodation for Students (AFS) analysing the cost of student accommodation* in 2019 has found that the average rents across many cities are close to the 20-year average of £79 per week. This is good news for students indicating that there is value to be had, but may mean that landlords have to work […]

Johnson considers Stamp Duty switch from buyer to seller

15th July 2019

Conservative Party leadership contender, Boris Johnson, has confirmed his interest in switching Stamp Duty liability from the house buyer to the seller as proposed by Association of Accounting Technicians (AAT). Last year Johnson stated Stamp Duty was “absurdly high” and last month he suggested he would consider scrapping it for homes worth £500,000 or less. […]

PRS in England is not fit for purpose

15th July 2019

The private rented sector in England is not fit for purpose, failing both landlords and tenants according to some left wing reports. The general thrust appears to be that Private Sector Landlords should evict perfectly good tenants who have been in their house for years and re-let to tenants on benefits because they need a […]

Living in same building as their serial bad tenant – couple’s worst nightmare

15th July 2019

It’s been heavily publicised that a large percentage of the UK’s retirees are struggling to live off their pension, so it’s no surprise that some over 65s have turned to renting out rooms in their home, or other properties they may have, to boost their income.  However, in this week’s episode of Nightmare Tenants Slum […]

Transfer property to SPV limited company?

15th July 2019

My wife and I bought a property on 28th September 2009 (cash £170,000) to live in. We moved out from this property on 16th November 2013 and it has been let out continuously from December 2013 until today. My wife and I have been managing this property ourselves. The letting relief and Private Residence Relief […]

Stamp duty – First property in joint names?

15th July 2019

We currently live in a home worth £95000 and we intend to rent this out and purchase a home for £165000. We don’t own any other property. Does anyone know how much Stamp Duty we have to pay on our new home as we are getting conflicting answers? The new mortgage will be the first […]

Launching a fabulous opportunity in Leeds

12th July 2019

Property Investor Partnership is delighted to have secured four, 2 bedroom houses in Leeds, for the discounted price of £152,995.  These properties have been discounted by 10% off current list prices and also include flooring, turf and white goods in our discounted price. According to our rental partner, Leef Property Management, these properties will achieve fantastic rental […]

Letting agency fee increase?

12th July 2019

Hi, I have a sitting tenant who is willing to renew this tenancy, at the moment I am using full management service from a local estate agency. However, this local estate agency is pushing to raise their fees in light of this renewal (keeping the same tenant). Can I refuse the fee increase? Can I […]