HMRC’s report for 2018 will not come as a surprise to most as there has been very little positive news of late. The successive tax hikes introduced on residential property and the lack of a clear Brexit scenario looms heavily over the UK. Transactions have fallen by 2.6% in 2018 and now stand at just […]

Shelter’s accounts for the year to March 2018 show total income of £67.4m, and total expenditure of £66.4m.  Compared to the previous year, income was up 11% and expenditure was up 6%: click here. It got donations and legacies of £36.9 million, but spent £11.7 million on obtaining them. It got £17.3 million for housing […]

Hamilton Fraser (HFIS plc) has taken full ownership of Tenancy Deposit Solutions Ltd (TDSL), which runs mydeposits, one of the three Government-approved tenancy deposit protection schemes, following the purchase of the shares of its joint venture partner, the National Landlords Association (NLA). The NLA agreed to sell its stake when it became clear that the […]

From their Latest PRS report, click here to view full report, ARLA have extrapolated form the statistics that in December on average each of their London based letting agents saw six landlords selling up and exiting the market. The National average is four per agency branch. ARLA Propertymark Chief Executive,David Cox, said: “Over the last […]

I’m wondering if someone can advise on here in regards to appeals following a possession order made under mandatory ground S21. Essentially I was granted an order for possession back in Nov 2018 for my property under the mandatory S21. My tenant has appealed this order and was given until Dec 2018 to lodge a […]

I, the landlord, am responsible for paying council tax. The council however, has demanded that I must inform them of the names of all tenants and keep them updated if a new tenant moves in. I was not aware of this legislation and cannot find any references to it. I have queried it with the […]

Hi there. I’m soon to be selling an HMO and will realise around £200k profit. I live in the south east, aged 54, have a couple of other rental properties, but want to reinvest this money to produce maximum income. I don’t want flats. How would you invest it and why? Many thanks Sharron

I have been reading several Facebook Group discussions about letting to pet owners in light of the tenants fees ban and new deposit protection rules capping the maximum amount of deposit to five weeks rents. The general consensus is that landlords no longer wish to service this market, but to me, this = OPPORTUNITY. When […]

Calling all singers or self-styled Karaoke Kings or Queens. For a bit of fun I’ve tinkered slightly with the lyrics to Gwen Guthrie’s 1986 hit pop song ‘Ain’t nothing going on but the rent’, so if you’re up for a bit of fun, the new lyrics are posted below. If you’re feeling brave and fancy […]

THE proportion of income spent by private tenants on rents has fallen over the past decade according to new official figures. The English Housing Survey for 2017/18, published today, shows that the proportion of income spent on private rents was 32.9%, down from 34.3% in the previous year, and from 36.4% in 2014/15. With Ministers […]

Hi All, We have just seen a couple who wish to move into a rental property of ours, but because their current tenancy agreement has a start date of the 24th, their letting agent has told them that if they wish to terminate their tenancy (commenced 24th September 2017, for 18 months), they must pay […]

By the time Stuart first contacted Property118 Limited his ‘Joint Venture’ business model had already become reasonably well established. Initially, he had purchased a few properties in his own name and enjoyed the process of acquiring them, letting them and maintaining them to the extent that he wanted to make this his full time business. […]

The following is taken directly from HMRC’s own internal manuals. Links to to the source web-pages can be found at the bottom of each section. TCGA92/S162 applies where a person other than a company transfers a business as a going concern with the whole of its assets (or the whole of its assets other than […]

The English Housing Survey has been updated today 31/01/2019: Click here to view the full report “After a period of substantial increase, the proportion of households in the private rented sector has not changed for five years. The proportion of households in the social rented sector has not changed for over a decade. In 2017-18, […]

Belvoir Lettings PLC provided the following update to the London Stock Exchange on the outcome of the financial year ended 31 December 2018 and the outlook for 2019. The Board has assessed that the impact from the ban on tenant fees will be less than the previously estimated 8% of gross profit. The effect is […]

Can anyone please pinpoint the legislation requiring landlords to fit thermostatic shower mixer valves in rental properties? Possibly they are meant to protect vulnerable people in all tenanted properties? Or only required in HMOs? They are meant to greatly reduce the risk of scalding under a too-hot shower. I was told years ago that they […]

I have had to appeal the council squashing my HMO application. First their inspectors came and measured the room sizes and said they were adequate. Then I asked planning and the neighbours all wrote letters saying the noise movement of 5 people etc would cause lot a of disturbance. Along with that they also claimed […]

Our latest investment opportunity Mill Croft is in Kirkby, a town on the outskirts of Liverpool, situated just 9 miles away from the city centre and it certainly ticks all the right boxes! The development is ideal for commuters to Liverpool, situated just two miles from the M57, with excellent links to the wider motorway network.  Liverpool John […]

We had a very positive meeting yesterday with one of the lenders who can do post BICT incorporation refinancing. Their product offering is soon to become even more competitive in the wider BTL market. They are reducing their pricing by 0.2% across the entire BTL range as of 1st Feb. Their five year fixed rate […]

Am I able to offer short term lets to allow me more flexibility and the ability to offer those who may have not got the best of credit histories or are agency workers etc a chance to rent a room in an HMO? As far as I am aware the standard contract offered is any […]

David Cox, ARLA Propertymark Chief Executive, said: “Although December’s figures indicate that tenants finished the year in the driving seat, they’re in for a rocky ride this year. With the Tenant Fees Bill passing its final hurdle in Parliament last week, it is now waiting to receive Royal Assent before being passed into law and […]