Page 547 – Property118

Government needs to avoid breakdown of trust

12th July 2019

The Government urgently needs to provide tenants with better information on their rights and responsibilities if it is to avoid a breakdown of trust between renters and their landlords, the National Landlords Association warns. New research, commissioned by the NLA, found that over three quarters (79%) of tenants need better information about what they should […]

Agent sells out – What are the legal consequences?

12th July 2019

As a landlord I have recently discovered that the agent we have been using was taken over by another over 12 months ago. Neither I as the landlord nor the tenants have been advised of this change and there are other landlords saying the same. We have discovered this by looking back at bank statements […]

Annual house price growth 5.7%

11th July 2019

The Halifax House Price Index shows June’s annual change figure of 5.7% growth coming against the backdrop of a particularly low growth rate in the corresponding period in 2018, which has had an impact on year-on-year comparisons. The average house price now stands at £237,110. On a monthly basis, house prices fell by 0.3% In […]

£186,657 paid out to tenants – SafeDeposits Scotland

11th July 2019

During the last 18 months more than 200 landlords from across Scotland have been found in breach of a law designed to protect tenants’ deposits, according to research carried out by SafeDeposits Scotland. Since 2012, landlords in Scotland that take a deposit from their tenant have been required, by law, to lodge the deposit with […]

What to do now we have moved away?

11th July 2019

I have been an avid reader of this site and you kindly helped me before, so perhaps I can ask again for some advice? I have a 3 bed semi in Pegswood, near Morpeth, Northumberland, which used to be my home. In 2011 my mother had a stroke, which meant I had to drop everything […]

Rents rise just above inflation and tenancy duration drops

11th July 2019

THE latest data from HomeLet shows demand for rental properties remaining high and in examining the data from the last five years, HomeLet has found that the UK as a whole has experienced a 13.9% growth in rental values (12.5% when London is excluded). Headlines from June 2019’s HomeLet Rental Index are: The average rent […]

Squatting in Commercial Premises – Don’t wait to seek help

11th July 2019

In 2012, a change in law made squatting in residential property a criminal offence. The inevitable consequence of this was an increase in the number of cases of squatting in commercial premises.  Squatting has now become a real issue for commercial landlords and property managers, who need to make sure that they remove any squatters […]

Time to consider Derby for property investment

11th July 2019

Derby is an often-overlooked area when it comes to property investment. However, with the arrival of HS2 it will soon come into the limelight. Much of Derby’s property is undervalued but it is expected that the arrival of HS2 will push prices up significantly.  Between 2017 and 2018 property prices in Derby rose by 4.1% […]

Standard Variable Rate differential to fixed is widening

10th July 2019

Moneyfacts UK Mortgage Trends Treasury Report reveals that the average two-year fixed rate in July 2017 was 2.26% and the current average standard variable rate (SVR), is currently 4.90%. These figures mean that this month, the average difference between the rates that existing borrowers have been paying on their maturing two-year fixed deals and the […]

EPC inaccuracies could leave properties let illegally

10th July 2019

A recent study exploring the risks and impacts on the reliability of Energy Performance Certificates (EPCs) has uncovered a staggering amount of properties across the UK may be unwittingly let illegally. An extensive study using Spec technology has estimated that poor measurement standards currently used by the property sector has led to approximately 2.5 million […]

Court of Appeal allow Landlords say on Right to Rent

10th July 2019

Landlords will have a major role to play in a court case considering the future of the government’s Right to Rent scheme. The government has decided to appeal against a damning criticism by the High Court earlier this year that the Right to Rent breaches human rights law because it causes racial discrimination that otherwise […]

When a tenant dies his Utility Bills die with him?

10th July 2019

Death is an unfortunate fact of life and occasionally a tenant passes away. Common sense dictates the Utility Company should just write off the bill, but no it puts the bill into the name of the Landlord. There then follows correspondence with threats of reporting to Credit Reference agencies. I have two current, with two […]

Can I claim for hail damage 12 months ago?

10th July 2019

May Bank Holiday 2018 there was a large hailstorm in our area which caused damage to a number of conservatory roofs including my sister-in-law and mother-in-law’s. They successfully claimed and have new roofs. At the time I contacted my letting agent to ask them to contact the tenant in the property to have a look […]

Places not just homes

10th July 2019

Building Better, Building Beautiful Commission publishes interim report: From the Ministry of Housing, Communities & Local Government and James Brokenshire MP. Town halls should encourage the redevelopment of retail parks and large supermarkets into communities that include homes, shops and businesses, a wide-ranging report for the government has found. The new “mixed use” communities should […]

Buy To Let: How To Get Started

10th July 2019

Buy To Let: How To Get Started has now officially launched! On Friday 13th July 2018 I set myself a goal to get my first book officially published. Now, on Wednesday 10th July 2019, that day has come. I’m really proud of this book and I hope you will find it both enjoyable and helpful too. Buy To Let: How To Get […]

Is Shelter’s Campaigns Director beginning to see the light?

9th July 2019

Greg Beales was quoted on 2 March 2019 as saying: “Shelter research shows that almost one in three renters receiving housing benefit haven’t been able to apply for a home they wanted due to discriminatory practices ranging from ‘no DSS’ adverts to total bans on people receiving housing benefit.” “But in the end, it will […]

Cash rich and nowhere to live

9th July 2019

After joining the EU in 2007 Romanian had UK work restrictions lifted 1st January, 2014 so their citizens were allowed to work in England 12 months of the year. Many started in the Horticultural Industry, and worked all hours under the sun. Fast forward five years and there is a much larger percentage with contracted full time […]

Noisy tenants known to be loud by letting agent

9th July 2019

Hello, I’m in need of some advice re: letting agents knowing tenants are ‘naturally loud and animated’ people then letting a property to them in a small close knit community of terraced houses. This situation has arisen for a lady who lives near these tenants. The property these tenants are renting has always been rented […]

The flawed Call for Evidence over Tenancy Deposits

8th July 2019

The Government (or at least the Ministry for Housing Communities and Local Government (MHCLG))  has got it into its head to interfere with tenancy deposits to make it easier for tenants to move house. They have issued a Call for Evidence (CfE), click here, asking for information. Some tenants struggle to find a second deposit whilst […]

Homelessness – a Perfect Storm

8th July 2019

This is a summary of a revealing article written by Joe Speye which you can view if you click here. He makes some ‘revelations’ about: Homelessness, Social Housing, ‘No-fault’ Evictions by PRS, N.H.F & Shelter and their ‘No DSS campaign’ and well, basically, a ‘Perfect Storm’ Joe’s report refers to the above interventions as “superficial, […]

RLA critical of Welsh plans to extend notice period to 6 months

8th July 2019

The RLA have been heavily critical of plans by the Welsh government to increase the notice period after the fixed term of an AST from 2 months to 6 months. Effectively creating minimum 12 month tenancies. These new plans extending the period to a year before and landlord is able to take back possession of […]