CCJs – can you inform friends, families and community associations?

admin    Uncategorized     agents

I have a familiar problem with a tenant owing rent, and we have taken out a CCJ against them. He is still in the limbo period where he has a chance to pay but we’re not holding out much hope as he is a tricky customer.

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2.5% rental inflation for the last year

admin    Uncategorized     agents

HOMELET’s Rental Index figures for January 2019 have been released. The headlines from this month’s report are:

The average rent in the UK is now £932, up by 2.5% on the same time last year

When London is excluded

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Shelter Scotland show PRS not THE cause of homelessness

admin    Uncategorized     agents

The latest homeless statistics from Shelter Scotland have been released. Click here to view the full report.

Some particular points I noticed were:

1. Homeless applications have increased for the first time in 9 years.

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Landlords Alliance under laughing stock ICO investigation!

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Our members and P118 readers will be aware that we have alerted the information commissioner with respect to mass data GDPR breaches by local authorities. Furthermore we are now receiving complaints from members that the ICO are not even responding to complaints.

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Landlords Alliance progress report

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The new Landlords Alliance has only been operating a few months and we would like to say to all our members and to P118 a huge Thank You.

We have been working hard investigating these horrible greedy organisations called councils who set up dubious licensing schemes to rob cash from landlords on the basis that we are all rogues and criminals.

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An easy way for landlords to keep up to date and be compliant with the law

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Special offer for Property 118 readers:

Things are getting tougher and tougher for landlords.  Despite Brexit, the Government is continually bringing in new rules and regulations – with more planned for the future.  How can you possibly keep up with them all?

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Limited Liability Partnership “LLP” LANDLORDS’ CASE STUDY

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Bob and his brother Richard own six rental properties in a Limited Company, another six in joint ownership and three each in their sole names. Richard owns another three properties jointly with his two sons, two jointly with his wife and another jointly with his mother.

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How can taking a salary reduce our tax bill?

admin    Uncategorized     agents

Two of my former Tax Planning Consultation clients (Steve and Debbie) sent me the following email this week and have since asked me to share it, together with my response, with all Property118 members …

“Hi Mark

My accountants have suggested that if we pay ourselves a small salary we will actually pay less tax.

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Bank Rate held at 0.75% amid reduced growth forecast

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The Bank of England’s Monetary Policy Committee (MPC) today voted unanimously to maintain Bank Rate at 0.75% with a reduction in forecast growth slowing inflationary pressures.

The Office for National Statistics estimates that the size of the UK economy increased by 0.3% in the three months to November

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Citizens Advice calls for direct payment to Landlords to be more widely available

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People claiming Universal Credit are still struggling to pay for the roof over their heads, despite the wait for their first payment being reduced from 6 weeks to 5, new Citizens Advice data shows.

1 in 2 people the charity helped were in rent arrears or fell behind on their mortgage payments

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