Belvoir Lettings PLC provided the following update to the London Stock Exchange on the outcome of the financial year ended 31 December 2018 and the outlook for 2019. The Board has assessed that the impact from the ban on tenant fees will be less than the previously estimated 8% of gross profit. The effect is […]

Can anyone please pinpoint the legislation requiring landlords to fit thermostatic shower mixer valves in rental properties? Possibly they are meant to protect vulnerable people in all tenanted properties? Or only required in HMOs? They are meant to greatly reduce the risk of scalding under a too-hot shower. I was told years ago that they […]

I have had to appeal the council squashing my HMO application. First their inspectors came and measured the room sizes and said they were adequate. Then I asked planning and the neighbours all wrote letters saying the noise movement of 5 people etc would cause lot a of disturbance. Along with that they also claimed […]

Our latest investment opportunity Mill Croft is in Kirkby, a town on the outskirts of Liverpool, situated just 9 miles away from the city centre and it certainly ticks all the right boxes! The development is ideal for commuters to Liverpool, situated just two miles from the M57, with excellent links to the wider motorway network.  Liverpool John […]

We had a very positive meeting yesterday with one of the lenders who can do post BICT incorporation refinancing. Their product offering is soon to become even more competitive in the wider BTL market. They are reducing their pricing by 0.2% across the entire BTL range as of 1st Feb. Their five year fixed rate […]

Am I able to offer short term lets to allow me more flexibility and the ability to offer those who may have not got the best of credit histories or are agency workers etc a chance to rent a room in an HMO? As far as I am aware the standard contract offered is any […]

David Cox, ARLA Propertymark Chief Executive, said: “Although December’s figures indicate that tenants finished the year in the driving seat, they’re in for a rocky ride this year. With the Tenant Fees Bill passing its final hurdle in Parliament last week, it is now waiting to receive Royal Assent before being passed into law and […]

In 2011, GDP Equity Experts was established to offer a mediation service for those people who found themselves in serious trouble with banks and financial institutions over property debt. We are now into 2019 and the global financial crisis that began in 2007 continues to wreak havoc amongst homeowners and businesses across both the UK […]

The government has committed to introduce mandatory five yearly electrical safety checks fir the PRS and Landlords will be legally required to ensure that the inspectors they hire to carry out safety inspections have the necessary competence and qualifications to do so with tough financial penalties for those who fail to comply. Ministry of Housing, […]

In brief, a section 21 notice was given to the tenant which expired without her leaving. A possession order was granted from the court and this expired 25/1/19. I went to the property and she’d left all apart from odd bits and rubbish. I hadn’t heard from the tenant and she hadn’t handed her keys […]

Kate Faulkner believes that the private rented sector (PRS) has to band together to ensure tenants and landlords are fully aware of their rights and responsibilities. Kate, who runs Propertychecklists.com and consultancy, Designs on Property, called for cohesion between sections of the industry in a report commissioned by the TDS Charitable Foundation; Motivating landlords and […]

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 Belfast Meeting property networking event Tuesday 5th February 2019. The event will start at 6:00pm until 9:00pm and will be free for guests of Mark Smith. To obtain your guest […]

On August the 16th 2018 I left rented accommodation to get back on the property ladder. I had been a good tenant and had a good working relationship with the landlord. All seemed well until the landlord decided to dispute the return of our deposit and on the 28th of August his complaint was logged […]

London Mayor Sadiq Khan, has once again pledged to fight for rent controls in the capital – with the campaign set to be a key part of his bid for re-election next year. The mayor does not have the power to introduce such controls within his remit, however he will be asking the government to […]

Hoping to tap into the tax smarts of this community. I am working on a development deal at the moment where the landowner would like one of the completed units at the end. In general terms, what is likely to be the best way to structure something like that from a tax perspective (from their […]

My new tenant of 5 weeks in my refurbished buy to let says I must fit an electric shower for him because he has a dirty job. I recently put a new bath and taps in the house prior to him moving in. I had lost a considerable amount of money from the way the […]

I’m sure if you’re like me you’ve seen constant adverts on Facebook from the newest guru. Promotions “how to buy property with none of your own cash”, or how to make ‘£2k per month without buying a property’ etc. 99% of the time you click through and it’s a video inviting you along to a […]

NAEA Propertymark is today issuing its December Housing Report. Supply of available properties As sellers continued to market their homes in December, the supply of available housing increased by a fifth (20%) from 35 in November to 42. This is the highest level seen for the month of December since 2014. Demand for housing In […]

You wouldn’t expect your family Doctor to perform major surgery on you, so why do most landlords expect their accountants to provide tax planning advice and recommend the optimal structure for their business? Most accountants work with all types of businesses, they are general practitioners in tax. Their speciality is to ensure you have recorded […]

Dear Property118 members The government have announced that landlord redress will be mandatory in the future and they will be authorising schemes to cover landlords. They are setting up a Redress Reform Working Group to look at the practicalities of implementation and we at the Property Redress Scheme will be members of this group. Once […]

Mark Hayward, Chief Executive, NAEA Propertymark and David Cox, Chief Executive, ARLA Propertymark, comments on the Government’s response to Strengthening Consumer Redress in the Housing Market consultation: “In Propertymark’s response to the consultation last year, we called for greater clarity in the system and streamlining through the creation of a single portal along with a […]