Page 561 – Property118

Abandonment provisions – update

12th November 2018

An update for readers on the omission by the government to bring the Abandonment provisions under section 57 – 63 of Housing & Planning Act, 2016 – into force on 6/4/18 as originally planned. The Govt are ‘ keeping it under review ‘ !!! I don’t see it ever coming in, as the Labour opposition […]

UC – MASSIVE arrears & homelessness picking up pace!

12th November 2018

All Landlords need to read this, as we could all be close soon to having some Universal Credit (UC) tenants. Some of you will no doubt have been following my posts about DWP’s mishandling of my APA (Alternative Pay Arrangements) requests and substantial loss in rental income I’m experiencing. I have 4 tenants so far […]

Podcast with Jeremy Leaf- Buy or Not to Buy

10th November 2018

In the latest episode of Hamilton Fraser’s podcast series Paul Shamplina, Director at Hamilton Fraser and Eddie Hooker, CEO at Hamilton Fraser, are joined by the Principal of Jeremy Leaf & Co Chartered Surveyors and Estate Agents, Jeremy Leaf. Jeremy has years of industry expertise, being a former RICS residential chairman, and started trading with […]

Agent demanding check out fees 8 months after tenancy end?

9th November 2018

I have a property which is let via an agent. The previous tenancy ended in March 2018 when the tenants decided to move out after the one year fixed term. Under the terms of the AST, I am liable to pay for the check out fee (the tenants paid the check in, I paid the […]

Shelter’s Campaigns Director misrepresented the law to the agent it harassed

9th November 2018

Does the truth not matter to Shelter? Click here On 16 October the campaign of harassment by Shelter’s supporters against Ludlow Thompson (LT) culminated in instructions to the firm from Greg Beales, Director of Communications, Policy & Campaigns. Click here Beales stated that “In order to comply with the Equality Act and genuinely end discrimination […]

Earl of Lytton reads briefings from Shelter and CA, but not ARLA!

8th November 2018

Cross Hereditary Lord The Earl of Lytton (Full name: John Peter Michael Scawen Lytton) was taking part in a House of Lords Tenant Fees Bill debate on the 5th November. The Earl admitted to reading briefings from Shelter and Citizens advice, but not from the trade body concerned ARLA. The Earl of Lytton contributed to […]

The inaugural National LIS Awards, Thursday 15th November

8th November 2018

18:00 – 12:30 The Grosvenor House Hotel, Park Lane, London W1K 7TN Brought to you by the organisers of the National Landlord Investment Show & publishers of Landlord Investor Magazine, The National LIS Awards celebrate excellence & professionalism in the private rented sector for landlords, property investors and services throughout buy-to-let universe. Join over 500 […]

Homes (Fitness for Human Habitation) Bill 2018 – Letter of concern

8th November 2018

Open letter to Gareth Johnson MP: Dear Mr Johnson, There is a lot of support among landlords for the above bill that seeks to provide a means by which tenants in clearly substandard Housing “Unfit for Human Habitation” can bring redress against what would be considered a ‘rogue landlord’ through the court. As a (responsible) […]

Halifax House Price Index slows to 1.5% growth

7th November 2018

Prices in the three months to October were 1.5% higher than in the same three months a year earlier, slowing from the 2.5% annual growth recorded in September, and recording the lowest rate of growth since March 2013. House prices in the latest quarter (August – October) were 0.2% higher than in the preceding three […]

Property118 makes PIA finals – Thank you members and readers

7th November 2018

We are delighted to confirm that Property118 are finalists in the Property Investors Awards 2018 for the category of Property Website of the Year. Click Here to view the full finalists page. This year the Property Investors Awards received more nominations than any other year. With so many credible nominees, this year the competition has […]

PRS Debate – Government Intervention

7th November 2018

An hour wasn’t long enough for this debate, and like a football fan watching his team losing on National TV I was incredibly frustrated watching it. Many key issues were glossed over, in particular the subject of Selective Licensing which the two largest competing landlords associations oppose each others views on and both are which […]

Rent Increase Survey – Update

7th November 2018

We have had an excellent 304 responses so far and 290 of these are from landlords. We would very much appreciate your assistance in asking tenants to complete the survey as well please. To all Property118 members and readers please see the Surveymonkey ‘Rent Increase Survey’ and pass on to as many tenants as you […]

Flexible Ltd Co BTL criteria, Undervalue Transactions and more!

7th November 2018

From time to time, a lender comes to the fore because of their flexible underwriting and/or unique criteria points. One such lender is Magellan. They popped into our office last week, and they just kept coming out with one gem after another. BTL Ltd Co No floating charges or Personal Guarantees No compulsory legal advice […]

Does the punishment fit the crime?

7th November 2018

This morning I read about a landlord who failed to make improvements demanded by the local Council through notice under the Housing Act 2004. Apparently, the property required repairs to rectify a number of health and safety issues, including dangerous electrics and damp. There were no more details available than that in the article I read. […]

The Alliance is Launched

6th November 2018

Let me Preface this by thanking Property118, Mark and Neil on behalf of all our members. Without Property118, it would not have been possible. The New Landlords Alliance, against all the odds has been launched. We were told that it would not be possible, that we would not get the numbers. Wrong , we have […]

Kicking Landlords is the National Pastime – Fergus Wilson

6th November 2018

The Reality is that Great Britain PLC cannot cope without Private Sector Landlords. Kicking the landlord is good copy and sells newspapers and in any Profession there are few bad ‘uns. If a Landlord makes a business decision which adversely impacts on a Section of the Community that is decision left wing journalists will make […]

21.6% over the next 5 years predicted for the North West

6th November 2018

As you know PIP have been advocates of investing in Northern locations for many years; having recognised early on the potential for strong capital growth in a rising market.  We are therefore delighted to share with our past and future investors, details from the latest report by Savills. The report on residential property forecasts predicts that the North-South divide will […]

CGT offset time limit?

6th November 2018

I have recently sold a property and I am now in the process of calculating my Capital Gains Tax (CGT) bill. I bought shares in some companies some years ago which went in to receivership. Does anyone know if there is a time limit when the loss can be offset against any gain for calculating […]

Direct Line Renewal?

6th November 2018

Just a heads up to others…. Approx 30 days before renewal I received my renewal documents through the post and email , the renewal cost was within a few pound of last year (£428) and it explained I needed to do nothing if I was happy, which I was. Fast forward to renewal date (today) […]

Gas safety check flexibility?

5th November 2018

One of the changes is:- “introduce a degree of flexibility to the timing of landlords’ annual gas safety checks. This change means that landlords can carry out the annual gas safety check in the two months before the due date and retain the existing expiry date. This avoids landlords waiting until the last minute and […]

Universal Credit Budget: 2018

5th November 2018

Following the Autumn Budget 2018 HM Treasury have now published a policy paper called Universal Credit: Budget Brief. In the document you will find information on the announced £1000 increase in work allowances as well as the additional support for those who will be transitioning onto the new benefit: Click Here to download From April […]