Page 665 – Property118

Foxtons Share Price Crash

23rd November 2016

Major letting agents including Foxtons and Countrywide saw sharp falls in the value of their shares in response to the Chancellors announcement that legislation is to be created to make it illegal for letting agents to charge fees to tenants. However, one agent has reported their best day ever for new landlord enquiries! Chris Sheldon. Managing […]

Landlords Survey and Results

23rd November 2016

We launched our landlords survey just minutes after the Chancellor had delivered his 2016 Autumn Statement in the House of Commons. Hundreds of landlords have already completed the survey, which can be seen below. Next to the ‘Submit’ button there is a link to enable you to view the survey results. Our goal is for […]

Autumn Statement 2016 – Landlords Reactions

23rd November 2016

Chancellor Phillip Hammond delivered his Autumn statement today. No doubt there will be much discussion amongst landlords and letting agents yet again.  And the good news for private landlords and their agents is ….. drum roll ….. errr ……. NONE! Did anybody really expect a repeal of the legislation that will remove mortgage interest as a legitimate […]

Rent review letter post Autumn Statement

23rd November 2016

Below is a rent increase letter that will be sent by a Property118 campaign member now that there has been no reversal of Section 24 in the Autumn Statement. Rent Review : Since you moved in to XXX I have not reviewed the rent and it has remained at £525 for several years. As you […]

Autumn Statement 2016 – Other Property relevant announcements

23rd November 2016

– The Chancellor Philip Hammond has announced that £1.4bn will be made available aimed at delivering 40,000 new affordable homes in England to help confront the housing challenge in the UK. – The government will provide a £2.3bn housing infrastructure fund to release land available for building 100,00 new homes in high demand areas. – […]

Sale of communal parts approval process?

23rd November 2016

I am a leaseholder of a property with a share of the freehold whereby a number of the leaseholders(& share of freeholder) wish to purchase certain sections of the communal parts – eg. basement vaults & well areas and the top flat wants to buy the roof void. Please can you let me know on […]

Letting Agents will no longer be able to charge fees to tenants

23rd November 2016

HM Treasury has leaked an extract from the Chancellors Autumn statement which will announce that Letting Agents will no longer be able to charge fees to tenants Whilst the Chancellors announcement will no doubt be treated by tenants as good news, industry bodies do not see it that way. David Cox, Managing Director, Association of Residential […]

Can you not evict if your Liverpool Landlord License has not yet been granted?

22nd November 2016

I am looking for information regarding a tenant who i may shortly be evicting. I have been informed that issuing a section 21 will be invalid as I still haven’t obtained a license for the property as it is in the Liverpool area. I have registered all my properties with Liverpool City council for a […]

Problems with co-tenant and landlord

21st November 2016

My case is complicated. On April 4th signed a group lease with 5 people ( including myself ) that was going from May 1st 2016 to May 1st 2017 Later on the April 19th one of our co-tenants sexually assaulted my girlfriend while he was on drugs. We called the Police on the night of the event […]

Rapid eviction of tenants from residential property

21st November 2016

Last chance to book onto our CPD webinar Rapid eviction of tenants from residential property Wednesday 23rd November, 12:30 – 13:30 If you haven’t yet booked your place, we are running a complimentary webinar for private landlords, letting agents and property solicitors this Wednesday 23rd November from 12.30 to 1.30 pm. For lawyers, you can […]

Buy to let through LTD company or partner (not yet wife)

21st November 2016

I’ve been searching for my first BTL for a while and have found one which I am comfortable getting involved with. Value – £155k. Now I am in a dilemma as to whether to set up a LTD company to purchase it, or purchase it through my significant other. At the moment our residence is […]

Suggestions for old gas fire and back boiler please

21st November 2016

One of my properties has an old fashioned gas fire and back boiler downstairs in the lounge. I’ll be doing a bit of renovation work there when my tenant moves out next year, so I was after some advice as to what others have done in the same situation. The boiler works and is checked […]

The Ros Report: the Treasury defends the indefensible

20th November 2016

Last week Property118 published the response from HM Treasury to my comprehensive report on Section 24 of the Finance (No. 2) Act 2015 “the unjust legislation that will make the UK housing crisis much worse.” The report has become widely known among landlords as “The Ros Report” “The Ros Report” – reply to The Treasury response […]

Leased flat to a limited company now dissolved – What do I do?

18th November 2016

I have leased a flat to a Limited company who are a lettings company on a 5-year lease agreement for £1000 per month. After a few months, I discovered that they have dissolved this limited company and declared it to HMRC as dormant. They have done a HMO with my property and I want to […]

Lack of clarity around Right to Rent rules is impacting tenants

17th November 2016

Britons who do not have a passport are struggling to rent as a result of immigration checks, according to a new survey. New immigration checks were introduced earlier this year with all private landlords in England required to check that new tenants have the right to be in the UK before renting out their property […]

Extra SDLT but my only property is abroad?

17th November 2016

I have recently moved to the UK and looking to buy a property together with my wife. She is a FTB, but I own a property abroad. Due to my current ownership of a flat currently being rented out, us buying together, and a joint application sole proprietor mortgage not being an option, we are […]

Rent Smart Wales

17th November 2016

Does anyone know whether the deadline of 23 November is just for registering or do you have to applied for the licence as well by then. Not clear from their website and cannot get through by email or phone. Thanks. Adrian

Benefit Cap – landlords need to raise awareness of the immoral government!

17th November 2016

From 07.11.16 the government has imposed the Benefit Cap which sees family housing benefit cut in one real example from around £150pw to 50pence pw effectively leaving me very little choice but to serve a notice to quit/end the tenancy of this single mother and 5 young children. She will end up going homeless and […]

Late payment of rent by Letting Agency

17th November 2016

I have two properties that are managed by a letting agency. Despite receiving statements showing that rent has been paid to the agency by the tenants, the payments to me are constantly two months in arrears. When I call to chase the payments, I am given a different excuse every month why the payments are […]