Page 608 – Property118

Shipping Containers for the Homeless

7th December 2017

A shipping container village has will open this week for people registered as homeless with Ealing Council. It is the largest temporary housing project of its kind and will hope to provide shelter for 290 homeless before Christmas. The village is Made up of refurbished shipping containers on derelict land in Acton West London and […]

Landlord passed away during possession proceedings – Please help

7th December 2017

A local agent was employed to find tenant for my friends property. A tenant was found and they moved in. Unfortunately my friends husband became very ill and they needed the property back to house a farm manager. A section 21 was served by the Estate Agent, which the tenants ignored. Court papers were filed […]

Abandoned van how to remove it?

7th December 2017

I am looking for some advice I am sure someone will have an answer or point me in the right direction. I own a small block of flats together with the management company and freehold. It has been reported to me that a van has been parked in the car park for the last 6 […]

Luxury Retirement Home Investment In Stately Manor

6th December 2017

This Grade II listed building was previously the birthplace of British ex-Prime Minister Sir Anthony Eden. It will be sympathetically renovated to transform it into a luxury retirement property. Investors can purchase a suite in Windlestone Hall from £117,500 and receive 10% returns over a ten year commercial lease. The hall will undergo sympathetic refurbishment […]

Capital loss in UK and gain in USA – What CGT do I pay?

6th December 2017

I am selling one of my rental properties in the UK at a loss. Next year I shall be selling my holiday home in Florida at a good profit. My accountant has confirmed that I will be able to offset the UK loss against the US gain. However, he’s not very clear on whether I […]

ARLA report a increasing number of landlords selling up

6th December 2017

ARLA Propertymark have analysed their sales and lettings data to reveal trends and expectations for 2018. This year the number of Buy to Let landlords selling their properties peaked in March and April when agents reported a 33% spike in the number of landlords selling up. Rent increases are also up on last year. In […]

Banning orders and criminal database to be introduced April 2018

4th December 2017

New banning orders, which could see landlords barred from letting or managing a property indefinitely, will be introduced in April 6 next year it has been announced. The Government said the move will go ahead subject to the regulations being approved by each House of Parliament, with debates expected to take place early in the […]

My Leaseholder wants to sell his flat after 2 years of ownership?

4th December 2017

Two years ago I sold a 125 year Lease on the Garden Flat of my own house. However, the Leaseholder now wants to sell it and I have a few questions: 1. As the Freeholder, will this cost me anything because it was very expensive having the original Lease drawn up? 2. Is it advisable […]

Tax efficient property ownership outside a Ltd company?

4th December 2017

I am keen to make use of my personal CGT allowances and maintain the flexibility of owning property outside a ltd company. Is there a way for me to own the majority of a property, even though I am dependent on my wife’s salary to gain lending? Many thanks Richard Editors note: From our main […]

Patrick Collinson has done it again!

4th December 2017

Patrick Collinson has again misunderstood a report with big numbers in it, like he did in the summer: Patrick Collinson “Guardian of Housing Ignorance” This time it was a report from Scottish Widows which claimed that tenants who retire in the next 15 years need to increase their pension contributions on average by over £6,300 […]

Scottish Private Residential Tenancy Agreement – Begins

1st December 2017

Scottish Government has just published the Model PRT Agreement, which comes into force for all new tenancies from 01 December 2017, which along with the two forms of Guidance Notes is essential reading for all landlords with properties in Scotland. Click Here For those LL who are not a member of Scottish Association of Landlords […]

Platform to help landlords keep informed of new licensing schemes and consultations

1st December 2017

A new online platform to help landlords keep on top of new licensing schemes and consultations has been launched by the National Landlords Association (NLA) and app developer GetRentr. NLA Licensing 365 allows landlords to monitor local licensing schemes in all UK postcodes for up to 16 properties, with alerts sent to them directly if […]

Access to my tool shed – Who Is in the wrong?

1st December 2017

I have moved out of my First time home in Nottingham and into my partners place. Unfortunately, it is smaller than my previous property, so I had decided to erect a 6ft fence along the width of my pretty big Garden to split the garden in two. I then had built a storage shed on […]

The new Private Residential Tenancy: briefing for Scottish landlords and letting agents

30th November 2017

The Scottish Association of Landlords (SAL) is pleased to offer you information about the new Scottish Private Residential Tenancy (PRT). The PRT will soon be mandatory for private sector letting in Scotland and will be a major change for most landlords. Containing full information from the Scottish Government and from SAL chief executive and pre-eminent […]

Scotland the Brave?

30th November 2017

From the 1st of December 2017 the new PRT ( Scotland ) kicks in, laying rest to the AST. One of the key toxic terms enshrined in this new set up is – there is no fixed period for the tenant. There is no lock in for tenants, they can give 28 days notice and […]

Landlords fund-raising for the homeless

29th November 2017

We are interested in setting up a charity or alternatively setting up a crowdfunding page, to help the homeless. The idea is that private landlords, who already play a massive and critical role in housing in the UK – housing around 5 million households, including many who would otherwise be homeless – add to our […]

£6,000,000,000,000

29th November 2017

Over £6 trillion is the figure from the Halifax that the the total value of UK private residential housing stock has exceeded in its latest report. Since 2007 the UK’s housing stock was estimated by the Halifax to be worth a total of £4,077bn and has now over the next ten years risen to £6,015bn […]

Chalk-drawn question mark on blackboard representing a landlord’s query about letting agent responsibility

HMO Subletting – Who applies for Licence?

29th November 2017

Hi there, We are managing and subletting a property to sharers. Consider that – All tenants are people who are claiming housing benefit. Us – the agent is paying an agreed monthly rent to the homeowner regardless the property is occupied or not. Q.no.1: In this case who needs to apply for HMO licence, the […]

5.25% Fixed rate secured bonds!

29th November 2017

BlueZest Secured Retail Bond PLC (the “Issuer”), an affiliate of BlueZest Mortgages and Loans Limited (“BlueZest”), the specialist mortgage lender, has announced the proposed issue of sterling-denominated 5.25% fixed rate secured bonds due 2022 (the “Bonds”), being the first series of bonds to be issued under the Issuer’s £1,500,000,000 secured retail bond programme (the “Programme”). […]

Lease prohibiting alienation?

29th November 2017

Hi everyone. I’m looking at a property in auction and the Property Register contains the comment that the lease prohibits or restricts alienation. Does this mean that it can not be let to tenants or simply that the lessor cannot abrogate his obligations by assigning them to a third party? Many Thanks in advance. Paul

Service charges and transparency of expenditure?

29th November 2017

I have a commercial property and have been charged for items that are allowed by the lease. Especially where it says only 10% of all professional and management charges to be applied of the total budgets. However, the management company applies all regardless and applies our 17.27% to the total budget. It has done year […]