Page 552 – Property118

St Helens really is a fantastic place for investors right now

12th June 2019

Six of our clients recently purchased new build 2 & 3 bed houses at Newton Road, St Helens, with prices starting from only £117,500. Rental demand for quality, new build properties is so high in St Helens that professional tenants were lining up prior to completion.  Applications are now going through, with rental amounts at the top […]

Subject to status and referencing

11th June 2019

Might the phrase “Subject to status and referencing” be more politically correct than “No DSS”? The only reason I can think of for using the “No DSS” phraseology is if advertising is priced on a per word or per character basis. Unless you’re advertising in a Newspaper, which is very rare in this digital age, […]

Metro Bank backtrack on “No DSS” ban after government meeting

11th June 2019

Metro Bank announced changes to its mortgage criteria which currently prevent landlords renting to tenants on housing support, following a roundtable at Downing Street led by Housing Minister Heather Wheeler MP. Today’s announcement (11 June 2019) is the latest pledge from industry to end potentially discriminatory practices which deny good quality accommodation to those on […]

Leasehold market to be investigated by the CMA

11th June 2019

Follows ongoing complaints and bad press concerning new leasehold contracts, which sting consumers with costly fees and onerous terms, the Competition and Markets Authority (CMA) has today formally launched an investigation to find out whether people are being treated fairly when buying their home. The consumer protection law investigation will examine two key areas: Potential […]

Halifax House Price Index up 5.2% on last year

11th June 2019

The Halifax House Price Index latest report for May shows the average UK house price is up 5.2% on last year to £237,837. However,  this comes 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. On a monthly basis, house prices […]

£142 million for housing infrastructure

11th June 2019

The Government hopes thousands of homes will be built in growth areas of Woking and Truro  as a result of a £142 million investment in infrastructure, the Housing Minister Kit Malthouse MP confirmed today. The money will be spent on widening bridges, building roads and connecting utilities so up to 8,500 properties can be built. […]

BTL product choice at highest level since Credit Crisis

11th June 2019

Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, shows that the number of Buy to Let (BTL) products available, currently 2,396 products, is the highest on record since the beginnings of the financial crisis in October 2007, when the total number of available products stood at 3,305. Since June 2018, the total number […]

Green slime and leak

11th June 2019

I am renting out a ground floor flat in a block of 6. The first floor flat above mine has water running out of the outside pipe from his boiler. The wall is soaking and green with slime. Yesterday I discovered there is now an internal water leak in my flat. I have tried to […]

Don’t forget Landlords Boris?

10th June 2019

Boris Johnson has today promised to cut taxes for around 3 million higher earners by raising the 40p threshold from £50,000 to £80,000 if he becomes Prime Minister. But Boris what about the Landlords? A big percentage of Owner Occupiers also own a Buy To Let Mortgage. Michael Gove pledges to axe VAT. Will you […]

Rain ingress in garage damaging tenant’s carpet?

10th June 2019

I have a 1960s bungalow with brick adjoining garage. During phenomenal rain last week water came in at the base of two walls, where I believe the outside concrete is slightly higher than the garage floor. The carpet the tenants had laid in the garage was of course sodden. I’m not sure yet whether they […]

Right to Manage block after threat of repossession?

10th June 2019

I would like advice on how to go about implementing my right to manage my own leasehold flats please. History: 3 of us got together and purchased 7 flats, this was one complete block. The intention was that we run our own management company and maintain these flats. We did not do anything about this, […]

Latest off-plan development opportunity in Nottingham

9th June 2019

PIP is delighted to present our investors with this amazing opportunity to invest in Nottingham. This early-bird, off plan investment opportunity is ideally positioned close to the city centre of Nottingham and is made up of luxury one-bed apartments. We have managed to secure our clients the best units for the fantastic price of £104,995, with yields of up […]

A Sunseeker Day On Malta’s Sam-K

9th June 2019

Sam-K, an 86 ft. Sunseeker Motor-yacht, is being pitched as the leader in its class for Mediterranean charters. This is my story of how my wife and I managed to spend a day on this magnificent vessel. Some business friends and I took a walk around Portomaso Marina earlier this week, which is where Sam-K […]

New online system for landlords to receive direct payments from UC tenants

7th June 2019

Since 3rd October 2018, working alongside The Department for Work and Pensions (DWP), Caridon Landlord Solutions has been piloting a new online system to allow rent payments, from tenants in receipt of Universal Credit, to be paid directly to Private Rented Sector (PRS) landlords.  The pilot of the new system, which will replace the two […]

Land for the Many but Rentals for the Few

7th June 2019

The Land for the Many report for the Labour Party was released on 4 June. Click here George Monbiot was the editor and there were six other authors. One of them, Beth Stratford, wrote an article about it in CityMetric. Click here Paragraph 6 of her article reads “We recommend measures to reduce the exploitation and […]

tenancy agreement form, Property 118

Am I liable for the rent one month in?

7th June 2019

Hi, I have left an abusive relationship one month into my joint tenancy with my ex partner. Since then, he has stayed in the property and not paid any rent. I was very honest with the landlord about my situation and that I had to move out for my safety. I also explained I want […]

Tenant’s damaged electrical goods uninsured

6th June 2019

I have just had a major flood in my downstairs flat, my insurance has agreed to pay for new kitchen bathroom with no problem, but contents are not covered. However, the disabled tenant has had all his electrical goods destroyed (this was a major flood raining in flat) he is not insured. The flood was […]

Rapid eviction from residential property – Webinar

5th June 2019

The Sheriffs office is running the webinar “Rapid eviction of tenants from a residential property.” This webinar is for landlords, legal professionals and property agents and will run through the eviction process for residential tenants. Date and Time: Wed, Jun 19, 2019 12:30 PM – 1:30 PM BST Click Here to register for the webinar […]

Regulatory body for new builds?

5th June 2019

Having purchased a number of new builds over the last few years I’ve had a massive wake up call over the standards that we are forced to accept – with what I consider shoddy work is apparently classed as ‘within tolerance’ – along with snagging that goes on for over a year with some things […]

tools and DIY sign

Transfer of property between companies – DIY conveyancing?

5th June 2019

I am looking for advice from anyone au fait with the process or has any knowledge on this procedure. Summary: I have an Special Purpose Vehicle (SPV) company with mixed properties. I am looking to transfer out one particular Semi-Commercial property (which has a lease) to a new SPV I have registered to hold it. […]