Page 628 – Property118

Joint tenants breaking up – New AST?

2nd January 2018

I have a couple on an AST. They have split up. One wants to remain in the property and move a friend in to take her place. I am assuming that I will have to conclude one tenancy and start a new one. Can anyone confirm this for me? Also can anyone recommend where to […]

Croydon Council Croylease scheme

2nd January 2018

Hello everyone, I have a 5 bed house in Crystal Palace which I am considering letting to Croydon Council under the Croylease scheme. Basically I let it to the council on a long lease, 5+years. They are responsible for the maintenance, insurance, finding tenants etc. I have no control over who it is let to, […]

New Government powers to ban landlords and additional HMO regulations

29th December 2017

From April 2018 any landlord convicted for the criminal offences of blackmail, theft,  handling stolen goods, harassment and stalking will automatically be banned from letting out property and added to the new rogue landlords database. In addition Housing Minister, Alok Sharma, has introduced new HMO regulations set to be passed by Parliament confirming all properties […]

I want to cash in and invest it for the children?

29th December 2017

Excuse my lack of knowledge, but my late father bought gold shares which are valued at £20k, I want to cash it in and invest it for the children by buying in a property up north (I’m Eastbourne). My partner and I own our property, and would like advice on what I need to do […]

Is your Landlords Insurance renewing in the New Year?

28th December 2017

Operated on behalf of Property118 by The Property Insurer in conjunction with Discount Insurance, our brokers GUARANTEE to beat the premium you are quoted elsewhere on a ‘like-for-like’ basis. What’s more, by using our recommended Landlords Insurance providers you will also be helping to fund the running costs of Property118.com so you save money and […]

Jeremy Corbyn speaking during a political event on rent controls

Jeremy Corbyn wants to scrap ‘No Fault’ evictions in England and Wales

28th December 2017

Jeremy Corbyn told The Independent that in his next Labour manifesto he would pledge to change housing legislation so that tenants could not be asked to leave under ‘no fault evictions’. Click here to read the full article. Recently Scotland has already abolished fixed term tenancies for private renters giving tenants indefinite tenure. Corbyn was […]

NO Taxation WITHOUT Representation!

28th December 2017

Recent introductions and extensions of charges on landlords by local authorities suggest to me that landlords (and indeed any business in an area) should have a right to vote in local authority elections in areas where they own property. Time to start a campaign? Determined to not fund local authorities adequately, central government has given […]

Pressure HMRC on CGT when reinvesting?

27th December 2017

For those of us who have held properties for a long period of time you are all probably aware that once upon a time there was a thing called ‘Taper Relief’ which year by year reduced your liability to CGT should you sell the property. That relief was disposed of some years ago by HMRC. […]

HMRC “Tackling the Hidden Economy”

27th December 2017

The HMRC consultation titled “Tackling the Hidden Economy” has identified HMOs and selective licensing in the private rental sector as an option for developing tax-registration checks. The consultation proposes to tackle different areas of the hidden (non tax paying) economy by making access to licences needed to trade conditional on tax compliance, known as ‘conditionality’. […]

Five Warnings for 2018 – #5 The Tenant Fee Ban

21st December 2017

A short series from landlord & tenant lawyer Tessa Shepperson on things you need to watch out for. I include this not because the rules are likely to come into force in 2018 (although this is not impossible), but because you need to start preparing now. There seems to be no doubt that fees to […]

Top 10 cities searched by prospective tenants

21st December 2017

Rightmove have released figures for the most popular cities that prospective tenants search for new homes to rent in 2017. Number 1 searched city was Bristol Followed by: 2. Birmingham 3. Leeds 4. Manchester 5. Nottingham 6. Liverpool 7. Glasgow 8. Cambridge 9. Bournemouth 10. Sheffield Bristol was also the number one city search in […]

Five Warnings for 2018 – #4 Pre-October 2015 Tenancies

21st December 2017

A short series from landlord & tenant lawyer Tessa Shepperson on things you need to watch out for. On 1 October 2015 new rules came in which affected landlords use of the all-important section 21 notices for properties let on assured shorthold tenancies in England (the new rules do not apply in Wales). A section […]

400k cash to invest but how?

21st December 2017

Hello Property 118 Investors. I have a fortuitous conundrum that I was hoping to get your experienced opinions on. I’ve come into some money, 400 grand to be exact and ready to invest it into property. I’m 37, with a good income, no debts and lots of initiative / get up and go. I’ve purchased […]

Five Warnings for 2018 – #3 Banning Orders

21st December 2017

A short series from landlord & tenant lawyer Tessa Shepperson on things you need to watch out for. Banning Orders were set out in the Housing and Planning Act 2016, but could not come into force until the relevant secondary legislation had been drafted. However, this has now been done and banning orders, and the […]

Management Company won’t allow Periodic Tenancies?

21st December 2017

I am the Leaseholder of a flat in a large, city-centre block – popular with mature students and young, single, professionals. The management company are trying to force me to issue new AST’s every 6 months – presumably to bolster the fees they then charge. The lease requires me:- 31.1 not to … part possession […]

Landlord’s furniture in unfurnished letting?

20th December 2017

I’ve been renting an unfurnished flat from through a lettings agent for over three months now. Our term is twelve months. From the day we moved in there has been allot of furniture inside the flat belonging to the landlord. And from day one we have constantly rang up the lettings agency requesting for it […]

Budget changes to Universal Credit

20th December 2017

It was announced in the Chancellor of Exchequer autumn budget that there would be some changes to the Welfare Reform. Universal Credit replaces legacy payments with a single monthly payment – merging six benefits into one, although, Universal Credit is being introduced gradually. As Universal Credit is being rolled out DWP state that they are […]

Five Warnings for 2018 – #2 The GDPR

20th December 2017

A short series from landlord & tenant lawyer Tessa Shepperson on things you need to watch out for. GDPR stands for General Data Protection Regulation and is a new set of considerably more onerous data protection laws which are coming into force on 25 May 2018. Why the GDPR applies to YOU Now you may […]

Energy efficiency cost cap consultation on landlords and NLA response

20th December 2017

The Department for Business, Energy & Industrial Strategy (DBEIS) has launched a new consultation to consider removing the ‘no cost to landlords’ criteria for improving the energy efficiency of rental property to the minimum E rating. At the moment improvements are not compulsory where cost neutral green funding is unavailable, however the DBEIS are considering […]

DWP Christmas payments, Jobcentre Opening Times and Freephone numbers change

19th December 2017

General information about DWP Christmas payments, Jobcentre Opening Times and Freephone numbers change. Opening hours Details of when DWP will be open and closed during the Christmas and New Year period: DWP offices (see chart below) Date Arrangement Monday 18 to Friday 22 December All of our offices will be open as normal Saturday 23 […]

Five Warnings for 2018 – #1 The Minimum Energy Efficiency Standards

19th December 2017

A short series from landlord & tenant lawyer Tessa Shepperson on things you need to watch out for. 1 – Do you rent out property on an assured shorthold tenancy? If you rent out property it will almost certainly be an AST.  Even you think it is a license it may not be. 2  – […]