Page 556 – Property118

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 […]

Freeholder charges “consent to let” once every year?

10th December 2018

I previously registered and paid a leaseholder flat’s management company and freeholder called Y and Y management for a “consent to let” last year where I stated the tenancy was for 60 months. They have now come back to charge for this again and intend to charge for this every single year. I know most […]

Seeking Help in ‘De-bunking’ MHCLG’s report

8th December 2018

I am preparing a summary of the 68 page report ‘ A qualitative research investigation of the factors influencing the progress, timescales and outcomes of Housing cases in County courts. ‘ published November 2018. Access will be provided to readers of this forum and to MHCLG ! However, to counter some of the myths in […]

Keeping compliant – First Hamilton Fraser Academy event success!

8th December 2018

The 22nd November 2018 saw the launch of Hamilton Fraser Academy’s first ‘Legal update & compliance’ course. The SOLD OUT course, led by Susie Crolla of the Lettings Training Centre, provided a comprehensive look into the rules and regulations experienced throughout the changing lettings industry. Now more than ever it is important for letting agents […]

79% of Landlords only able to cover their mortgage interest

7th December 2018

New research from the NLA shows 79% of landlords are only servicing the interest on their mortgages, not paying down their loans, as they contend with rising costs. This statistic has prompted the NLA to examine the narrative that tenants are just paying off their landlord’s mortgage. In a discussion paper launched in London last […]

HMO – Do I need to register?

6th December 2018

Am I required to register as an HMO? I own two flats on the first and second floor of a building. My wife owns the ground floor flat and we live in that flat. The first floor flat is occupied by a couple with a single child, the 2nd floor flat is occupied by a […]

TDS annual review

6th December 2018

In the last financial year (April 2017-March 2018), the UK’s leading tenancy deposit protection provider, The Dispute Service increased the number of deposits it protects by 6.8% across the UK. The growth was announced in its Annual Review, published today (6th December 2018): Click here to download The Dispute Service subsidiary, TDS Northern Ireland, experienced […]

Agent bites back at Westminster for 5 week deposit cap

6th December 2018

Harry Albert Lettings and Estates agent, Andrew Hill, has sent an angry open email to the Secretary of State for Housing, Communities and Local Government, James BrokeThehousingmarketShire, regarding the recent decision to cap the maximum deposit for rentals a 5 weeks rent for contracts less than £50,000 per annum or 6 weeks above. Andrew Hill’s […]

Student Council tax exemption – Proof required?

5th December 2018

Portsmouth Council are bugging me for details of my student tenants’ courses and student status. They claim I have to provide this as I am liable for the council tax. I can do no more than provide them with the names of the tenant who are clearly ignoring the council’s request for information and proof […]

FOI shows how little councils know about unlicensed HMOs

5th December 2018

Government plans to protect tenants from poor living conditions through the expansion of mandatory HMO licensing look set to fall way short of their ambition. Figures obtained by Simple Landlords Insurance reveal the majority of local authorities don’t know how many unlicensed HMOs are in their area – let alone where they are – leaving […]

Definite need for a Housing Court

5th December 2018

Fergus Wilson: “The following is an extract from a letter from my MP, Helen Whately, dated 16th November, 2018, followed by response dated 29th November 2018″ The extracts read: I wrote to the Rt Hon David Gauke MP, the Lord Chancellor, about the way in which disrepair cases are heard in the courts and will […]