Page 585 – Property118

Right to Rent faces court battle

4th June 2018

The Joint Council for the Welfare of Immigrants (JCWI) is bringing a case to court this week claiming that forcing landlords to check tenants have the right to reside in the UK during the tenancy is causing serious discrimination against immigrants who do not have a British passport. It has always been claimed by landlords […]

Council tenants causing uproar in neighbourhood!

4th June 2018

Our property has been let directly to the local authority with consent for them to sublet to house temporary residents. The contract states that the local authority is responsible for the sourcing of the tenants and the management of the property during the term of the contract. Upon letting the property we were informed a […]

AgencyInsider – Is He A Real Estate Agent or An Impostor?

3rd June 2018

By “Home Provider” Is “AgencyInsider” an estate agent who doesn’t remember the past and makes sweeping assertions without evidence or is he an impostor who doesn’t know the past and makes sweeping assertions without evidence?  Please vote Agent or Impostor below. Last week Property Industry Eye published an article about the dramatic reduction in BTL […]

Warning – HMRC Scam Phone Calls

1st June 2018

A warning from our accountants Pacific Ltd. We have received reports of client’s receiving automated telephone messages which state that HMRC are filing a lawsuit against them.  The communications may include an amount of money that is owed and encourage you to telephone a number to make a payment. THESE TELEPHONE MESSAGES ARE A SCAM. […]

New luxury retirement retreat in Wye Valley

1st June 2018

Lindors is a new luxury retirement retreat based in the Wye Valley area of Gloucestershire. Wye Valley is one of the most dramatic lowland landscapes in Southern Britain and is an Area of Outstanding Natural Beauty that covers 128 square miles from Mordiford near Hereford in the north, to Chepstow in the south. Throughout 2018 […]

Section 24 hits our Armed Service men and women

1st June 2018

Military personnel who rent their homes out whilst stationed away are being hit by the Government’s Section 24 tax hikes on private rented housing. A report by the Royal United Services Institute said 59% of married members of the armed services own their own home and for those who rent this out when they are […]

Court action for repossession following probate?

1st June 2018

I am very worried and hope that some of the property 118 members can advise me. Long story short: I inherited a property from a close family member when she died. Pending and since probate was obtained I have continued to make all the mortgage payments (interest only mortgage) on the property out of my […]

Spike in landlords leaving PRS

31st May 2018

ARLA Propertymark April Private Rented Sector (PRS) report. Landlords selling their buy-to-let In April, letting agents saw the highest number of landlords selling their buy-to-let (BTL) properties since records began in 2015. The number of landlords exiting the market rose to five per branch, up from four in March In March, the figure rose for […]

Crowd funding and technology are changing property investment

31st May 2018

After two successful crowd funding projects, which were aimed at planning gains and considered to be high risk, we are happy to say that the success and the test of time delivered results which led to all investors being paid back with a profit. In my opinion crowd funding has a very strong place and […]

Planning permissions for extended HMO Licensing?

30th May 2018

In October mandatory licensing is being extended to include all 3 storey HMO’s and all HMO’s with 5 or more occupants living there as 2 or more households. This affects small HMO’s eg student houses. Unfortunately I will now have to get a couple of properties licensed.   The application for my borough asks if you have planning permission […]

405 Right to Rent fines issued by Home Office

30th May 2018

Figures from the Home Office indicate 405 fines have been handed out to landlords in total during the government’s ‘hostile environment’ crack down on illegal immigration (see diagram to the right). The total cost of these penalties to landlords came to over £265,000. This makes the average fine approximately £654. However, penalties can range from: […]

Deposit problem after agent stopped trading?

30th May 2018

A tenant has recently vacated my property which was rented through a letting agent. The letting agent stopped trading during the duration of the tenancy and its now come to light that they didn’t lodge the deposit with the DPS as was stated on the tenancy agreement. Where do I stand as the landlord regarding […]

NLA Removes Online AST Service?

30th May 2018

I cannot be the only one who has been affected by this? I always used the NLA Portal to create and manage and store all my ASTs securely on their server. To my surprise, when I logged on today to check some details in one AST , the NLA seem to have unilaterally removed all […]

Guarantor moved, changed mobile and deleted LinkedIn?

30th May 2018

I need to trace my Croydon tenant’s guarantor as they have moved. I believe he is still living and working in the Croydon area and, surprise surprise, after a brief email correspondence he has deleted his LinkedIn account. His mobile number has changed too! The Sheriffs Office are not able to trace him not even […]

Sky dish without permission – Can I remove it?

29th May 2018

My tenant has put up a sky dish which is not permitted by the management company. We have a letting agent (who deals with the tenant on our behalf) and they have asked him to remove it numerous times over the past 6 months and he has not taken it down. The management company’s lawyers […]

IHT Legacy Planning For Landlords – CASE STUDY

26th May 2018

This case study explains how a couple could save their loved ones £2 million of inheritance tax for less than £10,000 in professional fees, and a further £500,000 of IHT for just £322.48 per month. Paul and Shirley currently have a net worth of £1,250,000 after deducting all of their IHT nil rate band allowances and correctly […]

The Management Company Director who wields absolute power!

26th May 2018

How do you tackle a Management Company Director who wields absolute power? About 2 years ago my husband and I bought a BTL flat in a development of 30. Each flat owner has a share in the management company that is the Freeholder. The current Director of the Company (A) has been in post for […]

Property insurance – Change of tenant circumstance?

26th May 2018

I am just in the process of renewing my property insurance. I have three cottages in a terrace, all identical and the renewal cost is £110.00 each. However in my discussion with the broker he asked me if all the tenants were still working. I told him that one tenant was now retired so he […]

Selective Licencing Website Set to Go Viral

24th May 2018

You may well have been following the campaign efforts of Nottingham based landlord Mick Roberts and his monumental efforts to persuade his local Council to scrap their selective licensing scheme. Well he’s taken another giant leap forwards by persuading one of his website developer friends to build a campaign website for this, and we think […]

BTL electric safety – Fan over bath?

24th May 2018

I’ve got a major worry at the moment regarding my electric work in my BTL. Essentially I’ve had work carried out in terms of having radiators installed (ex council house) and electrics sorted in terms of adding new plug sockets into the kitchen and installation of smoke alarms. In addition the installation of correct lightning […]

Landlord Law conference important update on Gas Certificates

23rd May 2018

Last Friday I attended the excellent and very informative Landlord Law Conference, which I thoroughly recommend to anyone. In particular it helped me keep completely up to date with all the latest legislation that has passed and is likely to be passed. However, during the lecture by Sam Madge-Wyld (Barrister-at-Law) for Tranfield Chambers, there was […]