Page 561 – Property118

New government guidance to protect tenants

9th April 2019

New online support as part of government’s commitment to give greater protection to tenants, and reform the private rented sector for the better – written by MHCLG and Heather Wheeler MP. Local authorities across the country are set to receive a new package of online support as part of the government’s commitment to give greater […]

Forfeiture of holding deposits/reservation fees

9th April 2019

Imagine this scenario. A prospective tenant, T, answers an ad and phones up and arranges to view a property. T meets the Landlord, L, and agrees to rent the property for 12 months starting in 14 days’ time at £900 per month. L asks for and T pays a reservation fee of £200 to take […]

Should violence go with the territory?

9th April 2019

No too long ago Property118 covered Kicking Landlords. Now we have Stabbing Landlords. Such a Course of Action is not to be recommended. If a tenant or his representative threatens violence towards the landlord or his employees, it is certain to result in the termination of the tenancy. In 2014 a tenant threatened to stab […]

Why do landlords carry the blame for intentionally homeless tenants?

9th April 2019

Hi Phoebe, If I may introduce myself, I run a Possession company for Landlords who are struggling to get their properties back from bad tenants. The story you wrote for KentLive was an interesting one – ‘Dirty, disgusting and isolating’ Mums describe grim reality of Ashford’s temporary housing B&B’s’ “Two mums have welcomed plans to convert […]

Bank of England survey of attitudes to inflation and interest rates

8th April 2019

This news release describes the results of the Bank of England’s latest quarterly survey of public attitudes to inflation, undertaken between 8 and 9 February 2019. Q: When asked about the future path of interest rates, 22% said rates might stay about the same over the next twelve months, compared with 19% in November. 47% […]

Be a guest of Mark Smith (Barrister-At-Law) – Croydon

8th April 2019

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be presenting an overview of several landlords tax strategies at the pin Croydon Meeting property networking event Wednesday 17th April 2019. The event will start at 6:00pm until 9:00pm and will be free for guests of Mark Smith that have not previously […]

RLA/Pearl “Welfare Reform and Universal Credit” survey

8th April 2019

Here’s a link to the RLA/Pearl’s current survey: ‘State of the PRS’ Q1 2019 quarterly survey that focuses on Welfare Reform issues. This project is titled: “Welfare Reform and Universal Credit: Evaluating the impact on the Private Rented Sector” and the research has been commissioned from Edge Hill University. Click here to open. “This survey […]

Tenant Fees Act – Rent arrears default fees

8th April 2019

The way I read rent arrears is we can not charge unless it is more than 14 days overdue. Thereafter we can charge 3% above BoE base rate. We can no longer charge a fee for letters etc. So assuming average rent in England excluding London of £782, this equates to £1.12 for the first […]

Right to Rent Brexit guidance failure

8th April 2019

Ministers have so far failed to publish any guidance for landlords about the implications of Brexit for the Right to Rent scheme. Under this scheme landlords are responsible for checking the immigration status of their tenants with the prospect of prosecution if they know or have “reasonable cause to believe” that the property they are […]

Minimum EPC Ratings Scotland

8th April 2019

Scottish Government were intending to introduce minimum EPC rating effective April 2019. This has been delayed and proposed legislation is that the minimum requirements are now due to come into effect April 2020, initially set with Band Rating E, rising to Band D from Apr 2022, with back stop dates on existing tenancies being 2/3 […]

Our webinar about LLP’s is now available on demand

6th April 2019

This 64 minute webinar, recorded live on 6th April 2019 is now available to view on demand and free of charge. The main presenters are:- Mark Smith, Barrister-At-Law and Head of Chambers at Cotswold Barristers Mark Alexander, Founder of Property118 Nicky Kita from Insight Accountancy Services To watch this webinar now, please click on the […]

Worried to call mortgage supplier over consent to let

5th April 2019

I bought my house mortgage free 18 years ago to house myself and my 2 kids. I got a residential mortgage with Halifax 14 years ago and built a 2 storey extension to the side of my house consisting of granny annex & double garage. The granny annex was to house my ill mother, but […]

Fitness for Human Habitation Act

4th April 2019

A fifth of the UK population now lives in rental accommodation. The Fitness for Human Habitation Act came into force just last week. This new Act is designed to ensure all rental accommodation meets certain criteria. The rental property must be free of defects and this includes all private rentals, housing association rentals and any […]

Rent Repayment Orders

4th April 2019

Rent repayment orders are a relatively new phenomenon, they occur when a First Tier Tribunal finds in favour of a tenant because a landlord hasn’t fulfilled their obligations, these obligations can include the following:Not protecting the deposit Failure to have the correct license in place at the start of the tenancy Failure to repair after […]

Tenants on a 6month AST have no rights to stay longer

4th April 2019

A tenant on a six month Assured Shorthold Tenancy has No Rights other than the right to stay in the house for the Fixed Period. That is made Crystal Clear in the tenancy. Generally, the Period is Six Months, but it does not have to be. After the fixed period the tenancy lapses into a […]

NLA Fraud warning to would-be tenants

4th April 2019

The National Landlords Association (NLA) is reminding would-be tenants to be vigilant when looking for somewhere new to live and to avoid getting scammed. The NLA has been contacted by several people who have been the target of fraudulent activity. Such scams trick people into paying an advance fee to rent a property and, in […]

Tax relief for rental home improvements – Lords committee suggestion

4th April 2019

Landlords are welcoming calls today by a parliamentary committee for tax incentives for private landlords to improve the quality of their property. The recommendation is made by a House of Lords committee looking at the regeneration of seaside towns and communities. Following evidence provided by the Residential Landlords Association, the Committee’s report published today recommends: […]

Section 21 – really as easy as it sounds?

4th April 2019

I have a tenant causing a merry host of issues, but I’m now firmly on the legal (if not expensive) route to get it sorted. The last part of the process will be to get her to tidy up the tip she lives in. Rabbits in cages in the lounge, cats and dogs roaming, commercial […]

Landlord EPC improvements cost cap now £3500

3rd April 2019

As of this month Private landlords under MEES regulation are required to pay up to £3,500 bringing properties to the minimum EPC standard of E. To remain on the exemption register with an EPC rating of F or G Landlords must show the cost of improving the property to an E rating is more than […]

Licensing costs and admin finishing off some Landlords

3rd April 2019

Letter to Nottingham Selective Licensing, Please pass my words onto the powers that be, so they can see what happens in the REAL WORLD on GROUND LEVEL from us that actually house people. Screenshot enclosed of Barclaycard message received today. As you know, I’m gonna be owing you over 4k this week for the License […]

Website for victims of domestic violence from property sale

3rd April 2019

When my Property is sold I intend to devote my energies towards helping Battered Wives. In their lifetime 25% of women will be in a battered relationship and at any one point in time 10% of women are beaten by their partners. The whole approach to dealing with a Domestic Abuse situation is back to […]