Page 563 – Property118

Norwich Franchise – Lettings Director Appointed

26th October 2018

Lettingsupermarket.com™ are proud to introduce their Norwich lettings specialist Jenna Veneziani, director of their latest franchise, Lettingsupermarket.com™ Norwich. Jenna and her team, based in Norwich, will be providing Landlords with a personal experience and superb local knowledge to ensure that every aspect of property management is dealt with as efficiently as possible. Lettingsupermarket.com™ are a […]

Shelter’s new strategy document contains a number of untruths

26th October 2018

‘Does the truth not matter to them?’ click here Earlier this month the commercial charity Shelter issued a new strategy document. click here The following quotations are taken from section 6. entitled “Rights for renters and an end to discrimination”: “In the last two decades, as home ownership and the number of social homes have […]

SDLT refunds for property companies?

26th October 2018

I have had some success in obtaining refunds on overpaid or wrongly paid SDLT on properties I had bought in a limited company and I wondered if any others had had a similar experience. We were surprised at how easy the application process was although I couldn’t find the information on the Revenue website and […]

Why Buy to Let Edinburgh is rapidly rising?

26th October 2018

Being a resident of Edinburgh, I can assure you that this city is a great choice to buy to let. This is because this thriving city has everything to attract students, tourists, and professionals alike. Following are some reasons why so many people from all over the world are looking to buy to let in […]

New PIP Property Seminar date in Brentwood – Invitation to readers

25th October 2018

Come join us on Wednesday 28th November at Marygreen Manor Hotel in Brentwood, Essex for our last PIP seminar of the year, to talk everything property investment! Whether you are a seasoned investor or new to property, you won’t feel out of place as the night is for YOU. On the day, please could you arrive at 6:15pm for a 6:30pm start. There […]

One of my tenants is not keeping the house tidy?

25th October 2018

I have let my house through a letting agent and the tent is a single mother of two. Shes been in the house for almost 2 years. The house was gutted top to bottom before she moved in. As the last tenant trashed it. the issue is we think there is a partner living with […]

NRAM variable rate goes up but never comes down!

25th October 2018

I am currently stuck with NRAM with 2 buy to lets, my problem is that since the crash they haven’t dropped their interest rate, but over the last few months as the base rate has increased they have moved up accordingly. By that measure my rate could end up at 10% while the base is […]

Rate of rent increases continues to rise

25th October 2018

ARLA Propertymark is today issuing its September Private Rented Sector (PRS) Report.  Rent prices Year on year, the number of tenants experiencing rent hikes continued to rise. Almost a third (31%) of renters saw their payments increase in September 2018, compared to 27% in 2017 and 24% in 2016 Looking at shorter term trends however […]

BTL lenders with Ltd co products up 47% on last year

25th October 2018

The Mortgages for Business’ Buy to Let Index indicates an increase in the number of buy to let lenders lending to limited companies by 47% over the last year. Click here to see the full article. The index shows: There are now 22 BTL lenders now lending to limited companies which is up up from […]

Do you have a UC tenant incurring arrears whilst in prison?

25th October 2018

Do you have a tenant that is on Universal Credit and incurring arrears whilst in prison? We have been receiving a number of queries from landlords that have tenants that are in prison, as a result of their imprisonment the tenants are incurring rent arrears subsequently resulting in them losing their homes and the landlord […]

Shelter’s strategy for 2019 – 2022

25th October 2018

Shelter have documented their strategy for the next three years 2019 – 2022: click here to view the full document. Their purpose: Shelter exists to defend the right to a safe home. (note not to provide a safe home) How they will achieve change: “A nationwide movement demanding social housing and defending rights – In […]

Welcome Landlords – Have 0% for three months!

24th October 2018

The Leeds building society is offering a welcome start of 0% for Buy to Let purchasers on their new range of ‘Easy Start’ products. Welcome is designed to allow BTL customers breathing space when their finances are most stretched after the initial cost of purchase. Leeds Building Society’s director of product and distribution,Jaedon Green, said: […]

Zero entries in government ‘Rogue Landlord’ database

24th October 2018

It has been revealed by the Guardian and ITV News that the hidden government database of registered ‘banned landlords’ has remained empty. This was verified by independent means after two FOI requests got the response that the database contents should remain a secret and the reason they should remain a secret is a secret. Click […]

Refusal to award fixed costs and contractual costs

24th October 2018

I have been in court again! The case was heard in Canterbury County Court yesterday, Wilson v Manser and Manser, which went in the landlord’s favour. The Judgement itself is not of particular interest, but the refusal of Deputy District Judge Eyley to award fixed costs and contractual costs is of considerable importance to the […]

Please help with confusion over Building Regs and HMOs

24th October 2018

I so need some help as I just cannot Lose anymore money on professional services to be told different things by different people. I feel permanently anxious as my husband recently died and left me to manage a small portfolio which has untold problems which is causing me much stress. One big problem I’ve asked […]

Minor ACM Cladding = unmortgageable

24th October 2018

My niece has been trying to buy a flat in Hackney Wick, a relatively new development next to the Olympic Park. One flat was rejected by all lenders as it had ACM cladding in the block – not on the flat she wanted to buy but on the attached 5 storey block. It had been […]

Pragmatic and straightforward commercial approach

23rd October 2018

The commercial, Buy to Let, Development and Bridging finance market is maturing and developing to match the needs of the new more professional property investor post credit crunch. Some of the commercial lenders we now work with are taking a far more pragmatic, straightforward and commercial approach looking at projects much more on their individual […]

Millennials would rather save for a holiday than a house

23rd October 2018

42% of 18-25 year olds prioritise saving for a holiday over a property. New research by leading price comparison website MoneySuperMarket today reveals that the profile of a typical first-time buyer in the UK is changing, while the overall number of people getting on the property ladder has dropped by a staggering 45% since 1994[1]. […]

80% LTV for Trading Ltd co. Buy to Let

23rd October 2018

Keystone Property Finance now have a very landlord friendly product and criteria range. In particular they will consider Trading Limited company applications (not just SPVs) for up to 80% Loan to Value and they will stress test the portfolio at a notional 5.5% and 125% interest cover. This means you can borrow £174.55 for every […]

The Right to Manage or not?

23rd October 2018

I simply would like to know the best way to change the management company of a small block of 3 flats? I am one owner and and the other owner owns the other two flats. We don’t want to manage the block ourselves, but we do want to get rid of the inept management company […]

Tenant requiring some advice please

23rd October 2018

I am a tenant in a private rental and my landlord is a friend of mine. We have lived in our property for 3 years now. I recently employed a cleaner for about a month or so, she came weekly. On her last time here she had arranged to clean the oven whilst I was […]