Page 600 – Property118

Having the Rugg pulled out from under – ‘MOT Check’!

10th September 2018

The Chartered Institute of Environmental Health (CIEH) has warned of risks within the flagship recommendation of the academic review into the private rented sector. The Evolving Private Rented Sector, published today, is an academic review carried out by Dr Julie Rugg and David Rhodes, researchers at the University of York, and seeks to answers many […]

Live Webinar Interview with Mark Alexander and Ant Lyons from YPN Magazine

7th September 2018

Property118 founder Mark Alexander has agreed to participate in a live webinar interview hosted by Nina Hirons from YPN Magazine at 8pm on Thursday 13th September. They’ll also be joined by YPN Co-Founder Ant Lyon’s to take a quick look at his investments from a property tax perspective. The webinar is a free to attend online event, however, […]

Am I going nuts? – James ‘Break TheHousingMarket Shire’

7th September 2018

On 3 year tenancies which he wanted in July, Housing Secretary, James Brokenshire announced his plans to extend tenancies, justifying these by stating: “It is deeply unfair when renters are forced to uproot their lives or find new schools for their children at short notice due to the terms of their rental contract. Being able […]

Personal use of property in Limited Company?

7th September 2018

I have a small portfolio of BTL houses and am in the process of buying an apartment within my Limited company. It’s a very nice upmarket place and there’s a chance that in 2 or 3 years’ time I might like to move there on a permanent basis or perhaps only for a few months […]

Leasehold Houses Scandal

7th September 2018

Thousands of homeowners are stuck in properties they cannot afford to continue living in and cannot sell, because they bought them as leasehold. In most cases, buyers were unaware of what being a leaseholder would mean, and some didn’t realise they were only buying the lease until it was too late. NAEA Propertymark surveyed more […]

Big Incentives to Assist with Housing Crisis

6th September 2018

LettingSupermarket.com are working with several boroughs throughout the UK to help them reduce their housing needs lists. The following financial incentives are being offered through this scheme:- grants up-front payment incentives and in many cases we can even source Rent Guarantee Insurance. Not only that, but the tenancies are AST’s direct to the tenant, which […]

Selective licensing 101

6th September 2018

Selective licensing is a location-based government provision that requires landlords in selected areas to hold licenses that enable them to legally rent their property. If your property is in an area that has implemented selective licensing then you’ll need to apply for a license. The Housing Act 2004 gave individual councils the power to implement […]

Why Section 21 is necessary

6th September 2018

Currently, there is a nationwide campaign headed up by Generation Rent and supported by Salvation Army and Crisis amongst others. The campaign has over 50,000 signatures so far calling for section 21 to be scrapped. No-fault evictions Section 21 evictions, also known as no-fault evictions, are used when a landlord needs the property to be […]

For the long term – 10 Year fixed rates

5th September 2018

So, you have an aversion to short term volatility in the mortgage market and/or you are fed up with shelling out every 2 or 3 years with arrangement fees and other costs to try to stay ahead of the market. Furthermore, there is the constant threat of rising rates because of Brexit, further mortgage regulation […]

Local Authorities could charge for recyclables in general waste

5th September 2018

Making a mess of recycling? Households could soon be charged a return fee Households who fail to recycle properly could soon be hit with a fee by their local council in a bid to reduce landfill waste. The plans, reported by BusinessWaste.co.uk, would see local authorities charge individuals whose households incorrectly put recyclables into general […]

HMO Selective Licensing Porridge!

5th September 2018

I work for a company who owns many properties, we have staff living in them on SOA. I have converted all of them into fully compliant HMO’s. Even the 2/3/4 bed properties, just to future proof them for the CEO and so I can sleep at night. I am now in the process of ‘trying’ […]

Share of Freehold building insurance?

5th September 2018

I am the owner of a flat (1 of 4 in a converted house). Each of the owners is also a freeholder. Recently one of the flat owners decided he no longer wants to contribute to the whole buildings insurance and would like to do his own insurance (for his flat only)! If he does […]

Starting a property development business and tax deductibles?

5th September 2018

Hi All, I’m looking at getting into property development as a business, having done the last few residential properties I have lived in myself. As it would be “quick flips”, rather than keeping for rental income, a limited company is definitely going to be the best way to go from a tax perspective (from what […]

PMQs – May’s response to 3 year tenancy question

5th September 2018

Prime Ministers Questions House of Commons 05/09/2018 Question from Labour MP Helen Hayes – Dulwich and West Norwood “It has been reported this morning that the Treasury and Number 10 are blocking plans for legally binding 3 year tenancies for private renters. This is of great concern to private renters in my constituency including many […]

Citizens Advice are a charity

5th September 2018

As a follow up to the article by Paul Shamplina ‘Section 21 – The Bigger Picture not seen by Citizens Advice’ and the subsequent comments concerning this article raising the point that Citizens Advice are a charity. One of our members Barry has supplied the confirmation and documentation below: Charity Registered charity number 279057 Click […]

Section 21 – The Bigger Picture not seen by Citizens Advice

5th September 2018

A recent report published by Citizens Advice suggests tenants who complain to their landlords are more likely to be served a section 21 eviction notice as a result of their actions. The report called ‘Touch and Go’ claimed that tenants who complain about issues like damp or mould have a 46% chance of being issued […]

If Landlord Farts, Burps or Snores, property should be repossessed?

4th September 2018

My friend and I had a meeting yesterday, both of us have been landlords for around 20 years. We exchanged our grievances of current government policies against landlords. In particular, my friend suggested that, he is concerned that, if Shelter or any other organisation suggested to government that any landlord caught farting, burping or snoring […]

Confusion over when to serve S21 or S8 Notice?

4th September 2018

My understanding is that When a tenancy has come to an end of its AST period, of say 6 months, it automatically rolls into a statutory periodic tenancy. Which means a landlord can serve S21 (4) No fault Notice of 2 clear months provided the tenancy started before October 2015. But if it started after […]

The PRS in a divided Nation – 44% say sell and 56% stay

4th September 2018

Britain’s buy-to-let landlords are divided over their future, in light of tax and market changes with 56% buy to let investors wanting to keep or buy more rental properties, and 44% are looking to sell. This is according to latest research from property-backed P2P lending product, Octopus Choice. The majority of UK landlords still view […]

90% BTL of purchase price subject to max 80% of undervalue transaction

4th September 2018

Magellan Homeloans is offering a 90% of purchase price (subject to max 80% LTV) of undervalue transactions for Buy to Let borrowing. The launch of this new product range will initially be available through selected intermediaries rather than directly to the public. As an example – if someone is buying a £300,000 (valued) house at […]

Does the truth not matter to Shelter?

4th September 2018

Does the truth not matter to Shelter, or does the end justify the means? Shelter recently issued a document in partnership with the National Housing Federation (NHF) called “Stop DSS discrimination” I quoted this at length, and linked to it, last week: Click Here On page 7, under Rosie’s story, is the following paragraph: “Rosie’s […]