Page 557 – Property118

Tenant deposit cap is cut to 5 weeks by government!

5th December 2018

The government has now confirmed it will cut the maximum deposit for rentals of less than £50,000 from 6 weeks to a 5 week maximum.  The 6 week maximum will still apply for rentals over £50,000 per year. This decision as part of the Tenant Fees Bill was criticised the day before by the RLA […]

Landlords would be badly let down if deposit cap cut to 5 weeks

4th December 2018

Landlords would be ‘badly let down’ by the government if it cuts its new deposit cap from six to five weeks  – a move which would also make it harder for people to find homes to rent. A press report over the weekend claimed a reduction in the maximum level of security deposit landlords will […]

Now it’s a different beast

4th December 2018

“When something gets a bad name it’s difficult for matters to be reversed – whether it’s a school, a street or a pub! That’s how a lot of people see Equity Release. You may remember that the product existed in the 1990s, and was commonly known as ‘SAM’s – Shared Appreciation Mortgages – and they […]

Another thing landlords are going to be blamed for?

4th December 2018

Tenants asked to pay to view properties. According to the Victoria Derbyshire programme on BBC some letting agents have been asking prospective tenants to pay to view properties. https://www.bbc.co.uk/news/business-46111015 Is this another thing landlords are going to be blamed for? Melanie Onn, Labour housing spokeswoman said: “Letting agents as well as landlords should be properly […]

UC has felt like a huge cultural change for many landlords

4th December 2018

Minister for Families, Supported Housing and Child Maintenance, Justin Tomlinson: I understand that Universal Credit has felt like a huge cultural change for many private landlords, their staff and tenants. Universal Credit is a flexible benefit that gives people more control over their working lives and their finances. Payment under Universal Credit is designed to […]

Thank you – We won the Property Investors Awards Website of the Year 2018

3rd December 2018

Thank you so much to everyone that voted for Property118  for the Property Investors Website of the Year Award 2018 – We won, as you might be able to tell from the picture. Property118 is a community and is only deserving of an award because of its members, commenters, contributors and readers so we would […]

BTL ideal for the big-city workers

3rd December 2018

We have stunning, 3 & 4 bed houses ideal for the big-city workers who do not otherwise fancy the fast-paced way of life. Situated just 30 minutes away (9 miles) from Liverpool and an hour from Manchester, these properties are in a great location ​and according to Leef Property Management, will be highly desirable for families and sharing professionals alike. The exciting new development […]

Sunderland Selective Licensing rebellion by landlords successful

3rd December 2018

The Nottingham experience of near universal selective licensing should take note from Sunderland, a northern landlord explained, people power can win! Sunderland defeated Selective Licensing, so can others aggrieved about its unfairness. Click Here to read Sunderland Property Blog: “From 1st July 2010 all landlords wishing to rent their property in the Middle Hendon & […]

Landlords exiting and FTB sales down

3rd December 2018

As we near the end of 2018, Propertymark has analysed its sales and lettings data to reveal trends from the year. ARLA Propertymark’s overview of the private rented sector: The supply of rental accommodation dropped slightly in 2018, from 189 on average per branch in 2017, to 187 this year. It reached an annual high […]

Estate agents trying to steamroll busy students?

3rd December 2018

My name’s Luke, I’m a student living in rented property in London and am currently experiencing significant problems with my LL, his estate agents AND his representatives. On the 11th of August, me and my flatmates commenced our move into our new home, signed our contracts and moved in. The house was filthy, unprepared and […]

National Landlords Alliance

30th November 2018

The National Landlords Alliance is a fledgling organisation and has just a few hundred members at the moment. However, driven by controversial discussions on Social Media about the aims and the aggressive nature of its campaigning, the membership of the National Landlords Alliance is growing fast. This week its founder and Chief Executive Larry Sweeney […]

Backdated Housing Benefit decision over 4 years ago!

30th November 2018

I have just received a letter from the Council dated 21 November 2018, advising me that a tenant’s Housing Benefit claim has been terminated with effect from 25 April 2014 – Yes, that’s right, 4 years 7 months ago!!!!! How can it possibly take the Council 4 years 7 months to make a decision? Thankfully […]

Councils failing landlords and tenants by not prosecuting

30th November 2018

Two thirds of councils in England and Wales brought no prosecutions against private landlords in 2017/18 according to research by the RLA. Nearly a fifth of councils didn’t even issue any Improvement Notices which order a landlord to carry out certain repairs or improvements to a property. Following the introduction in April 2017 of new […]

How is this in any way appropriate?

30th November 2018

This was found by our Property118 member Juliet who said: “This tube line goes through king’s cross, so potentially people from all over the country might see it! It turns out to be an advert for a letting agency! “I have now seen by going to the website, however when I saw the advert yesterday, […]

Is Shelter a narcissistic organisation?

29th November 2018

I was just reading an article about narcissism and noticed some spooky similarities with Shelter. Of course we are used to seeing narcissists defined as individuals who engage in a range of manipulative behaviour which is abusive to others. But studying Shelter’s behaviour, I kept seeing parallels, leading me to ask the question: is Shelter […]

Tax Planning Case Study Terminal Illness

29th November 2018

This is a rather sad case study, but it is also a very real situation that anybody reading it could find themselves having to deal with at some point. I am sharing it to demonstrate how effective tax planning can be and to give people a ‘heads up’ as to what is achievable in this […]

When can High Court enforcement agents attend for residential evictions?

29th November 2018

When instructing High Court enforcement agents to undertake a residential eviction it is important to understand the main restrictions that are set out by law, so that you as a landlord can manage your expectations. We have put together a handy list so that you can be aware of some of the restrictions which enforcement […]

Residential evictions – Webinar Q&A

29th November 2018

On 7th November we held a webinar covering residential evictions, below are a selection of questions we were asked along with our answers. What are the grounds a tenant can request the Court to delay eviction? The tenant can apply for the possession order to be set aside, suspended or postponed or for the terms […]

We don’t just think about the here and now – We look to the future

29th November 2018

When sourcing suitable investment properties for our clients, we don’t just think about the here and now we look to the future. What does the location have to offer in years to come? Is it a regeneration area? Is investment being ploughed into the infrastructure? Is the location within a high rental demand area and […]

You do not know me!

28th November 2018

Readers letter to MPs: In my opinion some of you if not all, who are pushing for all new laws like scraping section 21, bringing in 3 year tenancy, all the fines, tenant to be given free solicitors to sue the landlords, etc, etc. You are inciting hatred/stiring up hatred against landlords. Landlords were called “Bastards” by […]

National Landlords Alliance on BBC Radio 4 You and Yours

28th November 2018

Larry Sweeney of The National Landlords Alliance was on BBC Radio 4 You and Yours lunch time today; Click on the image below Larry starts 9.42 into the programme if you want to fast forward to him. Why didn’t Shelter appear? What are they scared of? Larry telling it as it is regarding Shelter providing […]