The Prudential Regulation Authority (PRA) have now confirmed to lenders what they expect the minimum standards of Buy to Let underwriting to be. These standards will have to be in place by 1st January 2017 for rental stress testing and by 30th Septembe…
Our search for a low-budget super model is over. Pictured above is Neil Patterson, Managing Director of Property118.com, showcasing our bright orange promo T-Shirts for our big publicity stunt. We are looking forward to meeting as many of our members as possible at the Property Investor Show at the ExCel Conference Centre on 8th October. We… Read more
The post Save The Date – 8th Oct At ExCel London appeared first on Property118.com.
This is a query about whether this particular tenancy can become periodic. We have a flat which have let to the same tenant for two, consecutive, 12 month tenancies. In each case, the rent for the whole 12 months has been paid in advance. The tenant is…
Local authorities (LA) have traditionally used a possession order from the County Court to remove travellers, but many are now obtaining an eviction order from a Magistrates Court and using their own staff for service. Under exceptional circumstances, …
In his Keynote speech to close the Labour Party conference in Liverpool, the leader of the Labour Party Jeremy Corbyn, accused the government of subsidising private landlords spending £9bn of housing benefits in the sector. A sum double that of 10 years ago. Despite the Private Rented Sector (PRS) now accounting for over half of… Read more
The post Labour attack private landlords for being ‘subsidised’ with £9bn in housing benefits appeared first on Property118.com.
I rent a small studio to a chap that I have discovered is in prison. He was obviously expecting it (apparently breached a restraining order with his ex) and has left a friend living in the flat, to look after it, including all his belongings and 2 cats…
I have a tenant that has continually been in arrears and despite me coming to arrangements to assist , the arrears have simply increased as a result of several holidays. I served a s21 and tomorrow they are instructed to move out. (a few days over 2 mo…
My letting agents are telling me that I need to comply with new rules relating to safety by the end of the year – is this a national thing or just in Scotland? Despite not having a legionnaires check, EICR, PAT test, two smoke detectors (if on one floor) and an interlinked heat shield in… Read more
The post New safety rules to further deplete our profits! surely not? appeared first on Property118.com.
I recently sublet from a tenant with the consent of the landlord and sublet contract. A £1300 deposit was paid direct to tenant on request of the landlord. Following moving out of the property a scrape on the wooden floor was noticed. The landlord has asked tenant to withhold entire deposit to pay for scrape…. Read more
The post Deposit Protection compulsory for sublet? appeared first on Property118.com.
This is the response I received from my local Conservative MP from East Worthing, who obviously is another one who doesn’t understand the Bill and its implications: Dear Mr… Thank you for contacting me about changes to the taxation of landlords. I am passionate about helping small businesses thrive. But this needs to be balanced… Read more
The post Clause 24 response from Tim Loughton MP appeared first on Property118.com.
A tenant vacates a property and both the tenant and managing agent provided final meter readings to the utility company to terminate the supply of electricity and gas. However, N Power fails to terminate the utility supply. The property is then empty for 9 months with the service still connected and at the end of… Read more
The post Legal responsibility – N Power or Landlord? appeared first on Property118.com.
A tenant vacates a property and both the tenant and managing agent provided final meter readings to the utility company to terminate the supply of electricity and gas. However, N Power fails to terminate the utility supply. The property is then empty for 9 months with the service still connected and at the end of… Read more
The post Legal responsibility – N Power or Landlord? appeared first on Property118.com.
It has been reported that Peterborough Council have spent over £1million to house families in Travel Lodges since April This year. This is due to an increase in Homelessness in Peterborough from an average of 98 people per month to 150 in August. The Council is blaming this increase on the role out of Universal… Read more
The post £1million spent on Travel Lodge accommodation in PRS perfect storm appeared first on Property118.com.
I asked a plumber I have used before to check a leaking radiator at my tenants house as soon as he could. Four days later he turned up, tightened the valve connection and left, 2 minutes maximum my tenant tells me. I have now received his invoice for £90 to “tighten a nut”. Should I… Read more
The post Overcharging to tighten nut? appeared first on Property118.com.
Following the success of the first two series, Channel 5 has commissioned a third series of ‘Nightmare Tenants, Slum Landlords’, with Landlord Action as one of the leading tenant eviction firms featuring throughout the twelve-part series. As rents spiral ever upwards due to continuing pressure on housing stock, the dramatic observational documentary will continue to… Read more
The post Landlord Action to feature in third series of Channel Five’s ‘Nightmare Tenants Slum Landlords’ appeared first on Property118.com.
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