Page 750 – Property118

Can you pursue monies owed by tenants through Universal Credit?

26th October 2015

Although many of us will be aware that, should a tenant depart from a property owing money one way – indeed maybe the only way – to pursue such monies legally is via the court process, which can be costly and, could prove to be subsequently fruitless, especially if the ex tenant is on benefits […]

Case studies show that landlord tax plan is iniquitous and unfair

26th October 2015

Written evidence submitted by John McKay (FB 04)  Submission to the Public Committee on the Finance Bill: regarding ‘restricting deductions for finance costs related to residential property’ announced in the Summer Budget. 1. My background: I have been a landlord for 13 years and have built up a medium sized portfolio consisting of family lets […]

Tenants hit by landlord tax plan

23rd October 2015

Written evidence submitted to The Finance Bill Committee by Kathy Miller and her tenants (Mr and Mrs Levy, Mr and Mrs Bennett, Mrs S James and Mr C Wigmore) (FB 05) IGNORED!  Submission on the ‘restricting deductions for finance costs related to residential property’ decision announced in the Summer Budget: ‘What about the tenants?’ 1. […]

My tenant has died and any advice would be greatly appreciated?

23rd October 2015

I am a new Landlord having inherited some properties last year. I have just become accredited with the NLA, I am learning fast and hoping some of your readers will be able to give me guidance or tell me what they would do if they were in my situation. I own a pair of semi-detached […]

Lender requires to be joint on the insurance?

23rd October 2015

I am trying to raise a small loan to finish the conversion of a house into three flats. The lender is insisting that it is jointly named on the insurance policy, and also that the policy contains a ‘mortgagee’s non-invalidation clause’. This effectively provides that the insurer will pay out to the lender even if […]

Conservative Councillor hits out at ruinous landlord tax plan

23rd October 2015

Written evidence submitted to The Finance Bill Committee by Councillor James Fraser, Stevenage Borough Council (FB 73) LANDLORD TAX – THE RUINOUS EFFECTS OF CLAUSE 24 PART1: THE BACKGROUND PART 2: WHERE’S THE MODERATE IDEOLOGY? PART 3: LANDLORDS AS DISNEY VILLAINS PART 4: THE ACTUAL TRUTH PART 5: THE STRANGE MYTHS OF LANDLORDING PART 6: […]

The FPC are to be given new responsibilities over the BTL market

22nd October 2015

The Chancellor George Osborne has said he will give as yet undisclosed powers to the Financial Policy Committee (FPC) to intervene in the Buy to Let market as soon as possible. The FPC are the Bank of England committee who vote every month on decisions regarding the Bank Base Rate and levels of Quantitative easing. […]

HCEO rights of entry during an eviction

22nd October 2015

We were asked recently whether High Court Enforcement Agents (HCEOs) were permitted to force entry when conducting an eviction from residential premises. In the case of enforcing a writ of control (a writ for money) against a debtor in residential premises, the enforcement agent is not permitted to force entry. No right to remain However, […]

Concerns raised about the Buy to Let tax grab

22nd October 2015

This submission by the Property118 action group to the Finance Committee is intended to provide MPs with a summary of the comments made by landlords associations, the Council of Mortgage Lenders, the media and other key stakeholders with regard to the Summer Budget proposal to restrict finance cost relief for individual landlords.   The National […]

Can I request a Compulsory Purchase Order?

21st October 2015

I live in a rural part of Wales and have recently been informed that an application for 150 houses has been put in for the land behind, and adjoining, my back garden. This is an elevated field with a number of the proposed properties looking directly over and into my house. The local Council (Powys) […]

The Property Ombudsman calls for Property Agents Act in final interim report

21st October 2015

The latest interim report released by The Property Ombudsman reveals more than half of the 9141 enquiries received related to lettings disputes, nearly double that of sales. This not only reinforces the importance of legislation introduced a year ago, making it a legal requirements for all letting agents in England to register with an approved […]

Record level for rents in England and Wales

21st October 2015

Average rents across England and Wales reached the highest level ever recorded between August and September this year, new data has found. According to the latest buy-to-let index from Your Move and Reeds Rains, average rents currently stand at £816 per month, a 1.6% month on month rise and 6.3% year on year increase. These […]

Open Letter to Campbell Robb CEO of Shelter

20th October 2015

Is Campbell Robb, CEO of Shelter arguing in favour of the tax grab against landlords and tenants! This following correspondence between Campbell Robb, Chief Executive of Shelter and a member of Property118. Both letters were sent and received 20th of October 2015. Letter from Campbell Robb: Dear David, Thank you for your email. While the restriction of […]

Right to Rent Immigration checks full roll out from 1st February 2016

20th October 2015

The Home office have announced that Right to Rent checks will now be the responsibility of all Private Landlords from the 1st February 2016. This is part of a wider government scheme to make it harder for illegal immigrants to live in the UK. Landlords not making the checks could be fined up to £3,000 […]

Self completed Legionella Risk Assessments for £8.95

20th October 2015

On October 1st 2015 the House of Commons issued a briefing paper to clarify the legal requirements for landlords with regards to Legionella Risk Assessments. This gives specific clarification that all landlords operating rental properties must undertake a Legionella risk assessment on each rental property they own. To see full note click here Whilst many […]

Mark Alexander

Norfolk Property Network – Wednesday 21st October 2015

20th October 2015

I will be delivering an informal presentation at The Oaklands Hotel in Norwich tonight (Wednesday 21st October 2015) for the Norfolk Property Network.  My presentation is entitled “Constant Change Is Here To Stay”. It will be an interactive session with plenty of opportunities for group debate and Q&A’s. The key focus will be on changes to […]

HSE fine landlord for gas safety breach

20th October 2015

The Health and Safety Executive (HSE) have fined a landlord in Bedford £265 and costs of £845 after a defective gas hob was found at the rental property. In February this year the tenants felt unwell and called the gas helpline. when an engineer arrived the property’s gas supply was stopped after carbon monoxide was […]

Which mortgage terms and conditions – Kensington or MX?

20th October 2015

I took out my mortgage in 2006 with Kensington and that then changed to MX. We unexpectedly moved to Australia on a 4 year visa (2013) and rented out our house in the UK. I spoke to MX and they sent out the letting agreement pack which was completed and returned along with our new […]

Buy to Let in South Manchester

19th October 2015

Investors have been requesting high quality stock just outside of Manchester city centre. Arguably, Britain’s second city, a number of large corporations are based in Manchester, notably; the BBC, ITV, Google, KPMG, Deloitte and the Co-operative. Elisabeth Gardens, will be completed to a very high standard, and is unlike anything else on the market in […]