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Rental market may buck the usual seasonal lull

ARLA Propertymark’s PRS June report for Letting Agents (click here to download) showed the number of tenants experiencing rent rises has increased. 29% of agents reported landlords raising rent compared to only 14% in May. However
The post Rental marke…

Commercial Property purchase history – where?

I know the buyer before my purchase of a property, but there is an issue over Planning Permission, so I need to determine who they purchased it from in 2007 but I’m coming to a dead end as records seemingly (online or otherwise) don’t go ba…

Gifting his own residential property to his son via his brother?

A friend wants to gift his own residential property to his son and move into a property he has been renting out. The son, however, has some issues and is not willing to accept the gift of the property for the time being.
The post Gifting his own reside…

Accord launches new high LTV products

Good news for those clients looking for a large loan. Accord are launching four new residential products at 80% & 85% LTV with a maximum loan size of £2million
These new products are now available for both purchases and re-mortgages and all four pr…

House price growth for July could be a false dawn

The Nationwide House Price index report for July shows annual house price growth recovering by 1.5% and prices up 1.7% month-on-month, after taking account of seasonal factors.
Robert Gardner, Nationwide’s Chief Economist, said: “UK house prices …

Are courts going to turn vehemently anti-landlord?

Some tenants left a landlord’s property a year ago with nearly £2,000 in arrears.  The court awarded the £2,000 to the landlord, but the landlord was then asked to go to mediation to come to an agreement about payment.
The mediation followed the …

Some signs of mortgage market recovery

The Bank of England have released their June report for money and credit statistics showing UK household’s net borrowing was £1.8 billion after large repayments in previous months. The increase can all be accounted for by mortgage borrowing with mortga…

Very weird legal letter about council tax arrears?

Hello, I received a very weird legal letter about arrears in council tax. This derives from a period in which an outgoing tenant did not pay council tax (or rent).
The situation is this. June 2019 no rent received.
The post Very weird legal letter abou…

Has change of use application criteria relaxed?

I bought a 4 bed property outright in Derbyshire and I would like to convert it from a c3 to a C2 (see below)
I have applied to the council for permission and waiting for a response.
However
The post Has change of use application criteria relaxed? appe…

DWP – obliged to helping tenant secure their TA?

Where the DWP pays the rent direct to the Landlord, the position is due for review at certain periods. Are they obliged to tell the Landlord the review date? Especially when the Landlord has requested a direct payment.
Are they obliged to send payments…

Ten Covid-19 scams to be on high alert for

Using the coronavirus pandemic as an opportunity, fraudsters are using sophisticated methods to callously exploit people, with many concerned about their financial situation and the state of the economy. To coincide with the launch of its new animation…

Property Redress Scheme credits rise in complaints to increased membership

The number of complaints against its members has increased by 51% in 2019 the Property Redress Scheme has revealed. The latest stats, released by the Property Redress Scheme on an interactive website, also reveal that the scheme saw rapid growth in 201…

Covid-19 Court Reactivation Rule?

It seems that the stay on possession hearings, ending 23rd August, will require a further piece of work by landlords in England and Wales. Can anyone please tell me if the “Reactivation Notice” in the Civil Procedure (Amendment No. 4) (Coro…

Broker Barometer

Shawbrook’s most recent Broker Barometer has revealed that as the UK emerges from the coronavirus pandemic, broker confidence in business growth and in the lending environment remains high. Nearly two thirds of commercial brokers (63%) and second charg…

Enfranchisement and Lease amendments?

Value of Enfranchisement? I am a freeholder of a small block of flat (3 in total). I live on the first floor and there are two flats on the ground floor both rented out by the current leasehold owners. Leasehold owners have shown interest in purchasing…

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