Page 555 – Property118

Landlords come together about Universal Credit

17th December 2018

We Caridon Landlord Solutions are working with the Department for Work and Pensions on a campaign to reach out to both Social and Private Rental Sector landlords to provide information about Universal Credit that will help them support their tenants. DWP has developed a new suite of landlord communication products including a top tips guide, […]

HMO – Camden Council sending letters to the mortgage provider?

17th December 2018

Over the last year I have submitted many HMO applications to Camden Council so to comply with their new additional HMO scheme (note: they are the only borough currently who are imposing this onto their landlords). After submitting the application and having had a visit from the inspector we have carried out the works in […]

Can I go into the property, repossess and changed the locks?

17th December 2018

Can I go into the property, repossess and changed the locks after the date of the Court Order? My tenant is out for a while without telling me he is leaving nor giving the keys back to me. It seems he has moved out by the way letters were hanging out of a letter box, […]

Freeholder dispute over repair cost quote not supplied?

17th December 2018

I own a flat within a converted building where the above property is a house. I and the above owner have a 50% freeholding in the property. I rent my flat out and live elsewhere. I was recently contacted about a leak which would need repair. I asked for quotations to which the owner upstairs […]

And the landlord vote goes to – Please vote again

13th December 2018

Editors note: The voting form has recently been set up again so you can only cast one vote. Dr Beck would be most grateful if you could vote again if you haven’t already. Many thanks. In recent months there has been much speculation about a general election being called early. I would like to get […]

Free valuations with excellent BTL portfolio lender

13th December 2018

One of our excellent Buy to Let portfolio lenders, Fleet mortgages, has announced it is now offering free valuations on properties worth up to £500,000. On top of this they have reduced the rental stress testing calculations to 125% interest cover at the pay rate allowing customers to borrow extra £20,000 per every £1000 of […]

Will a wave of deposit protection cases hit a specialist Housing Court?

13th December 2018

The Government recently launched a consultation on setting up a specialist Housing Court in England to try to speed up the legal process for both landlords and tenants. Since it launched there has been lively debate, but what has been largely left out is the very recent experience for tenancy deposit-related rulings of a similar […]

Scottish LBTT Additional Dwelling Supplement increase to 4%

13th December 2018

The Scottish government has announced in its recent budget that it will be increasing the Land and Building Transactions tax (LBTT) additional dwelling supplement to 4% from 3%. This will hit any additional landlord or second home purchases and if approved by the Scottish Parliament will be effective from the 25th January 2019. However, any […]

Landlord Association and Council partnership – Free EPC Upgrades

13th December 2018

Since April 2018, under new measures privately rented properties in England & Wales with an Energy Performance Certificate (EPC) of F to G (the two lowest energy ratings) must be improved by landlords before they can be put on the market for new tenants, and from 1st April 2020, all existing tenancies will require a […]

Variation of lease to rectify adverse possession?

12th December 2018

I have a 1 bed maisonette that I bought as a repossession circa 7-8 years ago. The sale of the flat collapsed due to the lease being defective, which I wasn’t aware of (a neighbouring flat has built on my outdoor space and the parking spaces have swapped). I have been advised that I will […]

Flat leaseholders face controversial Court of Appeal decision

12th December 2018

Long leaseholders of residential flats across England and Wales could face significant difficulties in what they are permitted to do with their properties as a result of a controversial Court of Appeal judgment. The ruling, which has generated substantial commotion in the property world, has the potential to thwart residential flat owners in their ability […]

Local Authority victory for Tenants and Landlords

12th December 2018

Three letting agents trading in Islington and surrounding areas under the name of Crestons have been convicted of carrying on business for a fraudulent purpose. These convictions were sought by Islington Council and Trading Standards after it was found £105,000 worth of rent and deposits were either not sent on to landlords or not protected […]

Negative equity – are the banks responsible?

12th December 2018

A few of my houses are coming to their end of term and the lenders want their money back. They knew my exit strategy was refinance or sale, but now they don’t seem to recognise any responsibility for the negative equity. When the banking crisis occurred it followed naturally that house prices dropped dramatically as […]

Manchester’s temporary accommodation up nearly 500% in 5 years

11th December 2018

The Manchester Evening News recently published an article on the cost – and dire state – of temporary accommodation provided by the council. Click here “Lauren Edwards, team leader at Shelter’s Manchester branch, has seen her family casework double in 12 months, to just under 700 last year. She says ‘section 13’ notices, when landlords […]

London rent controls will hurt tenants

11th December 2018

Responding to reports that the Mayor of London is wanting to introduce forms of rent controls in the capital, David Smith, Policy Director for the Residential Landlords Association said: “It is curious that the Mayor is considering introducing rent controls at a time when rents in London are falling according to official data. “The Labour […]

Did not check false references – help?

11th December 2018

We received the following from a tenant – he said he would move in with his brother and sister in law. He had provided references: 1) Tax Return 2) Bank Statements 3) Landlord Contract 4) ID of him and his brother/sister in law who currently overseas Verified his unique tax reference number which was incorrect. […]

Rubber Roofing system – Lender & Insurer views?

11th December 2018

Hello. What is your experience with Rubber Roofing system? Anything to bear in mind with insurers and BTL lenders? I had to demolish and need to redo a single storey rear extension. Normally I use slates/tiles (flat roof on the extension, most & rest of the house is pitched). But builder suggested considering rubber roofing […]

Alternative Payment Arrangements

11th December 2018

Caridon Landlord Solutions and Caridon Property understands that setting up Alternative Payment Arrangements can help tenants claiming Universal Credit if they are experiencing difficulties. Find out how you can support your tenants today. Help with paying housing costs In most cases Universal Credit is paid to the claimant, and it’s up to them to pay […]

The places where Buy to Let still pays off

10th December 2018

North West and Liverpool are hotspots for property investors and amongst the places where Buy to Let still pays off. A recent article on thisismoney.co.uk discusses how the North West’s comparatively strong rents, coupled by low house prices, makes it a buy-to-let hotspot right now. As capital gains forecasts dampen in London and house price growth […]

Taking rent from tenant overlap?

10th December 2018

I had a tenant whose tenancy ends at the end of Nov, who actually left, checked out and handed back keys at the end of Oct, one month earlier. I then had my letting agent find a new tenant and started her tenancy at mid Nov, two weeks before the previous tenant’s tenancy ends. Therefore […]

B&Q Responds!

10th December 2018

I sent an email to Veronique Laury, head of the financially beleaguered B&Q telling her we would not use them for the repair and renovation of our property portfolio whilst they supported Shelter Here is her reply sent by her Customer care manager make of it what you will, but I think they need more […]