I seem to have a slight variation on an old problem and my searches for it do not yield an answer. The management company for the Freeholder is demanding £138 for a notice to sublet. I have referenced the tribunal findings that a maximum of £40 is allowed for such things, but they point out […]

The struggle performers at the Edinburgh Fringe now face to find affordable short-term accommodation was entirely predictable, says the National Landlords Association (NLA). Last year, the NLA highlighted that more landlords in Scotland were selling than buying on the back of the introduction of the introduction of the Scottish Private Residential Tenancy (PRT) in 2017, […]

Buy to let’s biggest household setbacks and how to prevent them: Water damage, fires and theft are top causes of house insurance claims, research shows Online letting agent and property management provider, Howsy, has revealed the most common reasons why people claim on their house insurance, as well as the best ways to avoid any […]

Many of you will be aware of the Caridon Property Ltd v Monty Shooltz case.  In short, the landlord, Caridon Property, failed to obtain a possession order based on their Section 21 notice, because His Honour Judge Jan Luba QC ruled that that the requirements of the Deregulation Act 2015 meant their failure to issue […]

New research* from Precise Mortgages, shows more than half of landlords plan to use limited companies to buy properties in the year ahead underlining the ongoing transformation of the buy to let market. Its study found 55% of landlords will use limited companies for purchases which is more than double the 24% of landlords who […]

The latest ONS data on Families and Households in 2018 shows the pressure of the housing crisis and rising rents on the population with one in four young adults or 3.4 million in total aged 20 to 34 years still living with their parents. In 2018, there were 27.6 million households, an increase of 350,000 […]

The Latest statistics from the Halifax House Price index shows  on a monthly basis, house prices fell by 0.2% to an average of £236,120. However, in the latest quarter (May to July) house prices were 0.4% higher than in the preceding three months (February to April) and house prices in the three months to July […]

As the new Government seems to be concentrating on increasing home ownership, falling supply in the lettings market seems likely to squeeze rents higher. As the headline tenant demand indicator (quarterly seasonally adjusted data) picked-up to post the strongest reading since the closing stages of 2016, landlord instructions fell once again, extending a run of […]

It has never been more challenging for first-time buyers to get on to the property ladder with increasing numbers of young people turning to the ‘Bank of Mum and Dad’. Parents fund around 25% of mortgage transactions each year. According to The Money Charity, parents provided their children with a staggering £5.7bn in 2018. First-time buyers […]

Yes, you read that right. It is now possible to obtain BTL mortgages with an indefinite term and an interest rate that will never change, EVER! Even if you’re 90 years old you can qualify for these buy-to-let mortgages with virtually no underwriting at all, and it will not need to be repaid until you […]

If you’re new to the concept of property investment, or just want to ‘top-up’ your property portfolio, then our latest investment opportunity may just be what you’re looking for.  With prices starting from only £77,000, why not take a look. 1-bed apartments from only £77,000. PIP is delighted to offer investors the chance to invest […]

My spouse and I own a number of BTL properties in joint names which were mortgaged with Mortgage Express. These mortgages have since been sold to Topaz/Rosinca. We have heard so many horror stories about MX and as a result we have been paranoid and squeaky clean, never any arrears and just quietly getting on […]

Hi everyone,  I have a Prospective rental to a diplomatic East African embassy. Of course the rental is income good, but I am not 100% sure, because of their diplomatic status. If anything goes wrong what legal rights do I have if any? For example if there is a coupe and the government topples etc […]

As of the 12th August BM Solutions will finally be increasing the maximum number of Buy to Let mortgages with Lloyds Banking Group from 3 to 5. Along with this change in criteria for the maximum number of properties BMS is also increasing the maximum value of Buy to Let mortgages with Lloyds Banking Group […]

Lawyer Giles Peaker, in an article for Nearly Legal, ‘How to rent guides – sneak updates‘ uncovered that the official How to Rent guide has recently been updated twice since the 31st of May without reference to the date of the most recent changes. Giles said: “This really should not happen. While the changes are […]

Under campaign pressure from the RLA, protesting that inadequate government guidance on Right to Rent checks could leave landlords exposed to prosecution, the Home office have now released an update on the official guide. The risk to landlords has arisen since 20th May this year when nationals of Australia, Canada, Hong Kong, Japan, Singapore, South […]

I did meet the Queen about four months ago, but she did not mention my Card. I guess I will have to wait until my hundredth birthday! Whilst I appreciate it was meant as a joke it does raise a most important point. Where are all the elderly people going to live? We have an […]

I’ve just received a Reminder Notice from Newcastle City Council for the Council Tax (CT) on my student HMO. This is despite me completing the online change of tenancy notice over two months ago. I called the Council and the gentleman I spoke to (after 32 minutes on hold) was very polite, saying that they […]

Polly Neate, Chief Executive of Shelter, has sent an open letter to PM Boris Johnson calling for him to follow through with the Section 21 ban announced by Theresa May and “make these plans a reality by seeing through the crucial legislation a Conservative government has already committed to.” Polly also directly attacked an individual […]

LCP has analysed HMRC’s Residential Stamp Duty Land Tax (SDLT) statistics, just released for Q2 2019. For completeness, the analysis adds back transactions and receipts from the Welsh Revenue Authority (as Wales has been omitted from the HMRC SDLT report since Q2 2018). It also takes into account First Time Buyers’ Relief introduced in November 2017. Tax receipts for Q2 2019 in England, Wales and Northern Ireland fell […]

I have recently completed on an eight bedroom HMO, where all tenants work at the local Hospital, and the house has been very well managed and kept to a high standard of cleanliness and management by the existing manager (whom we have kept). One of the eight tenants had never been a problem until one […]