Mark Smith (Barrister-At-Law) Landlord tax planning strategies – Leicester

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Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be presenting an overview of several landlords tax strategies at the pin Leicester Meeting property networking event Thursday 7th November 2019.

The event will start at 6:00pm until 9:00pm and will be free for guests of Mark Smith that have not previously attended a pin meeting.

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Shelter warn of older people ‘stuck in expensive PRS’

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Shelter have today issued the press release below warning of a ‘ticking timebomb’ for older renters:

Sky-high house prices have left hundreds of thousands of older people stuck in expensive private renting and now, new research by Shelter reveals that a quarter (25%) of private renters age 65 and over worry about becoming homeless.

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Mona Lott is a bad tenant

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Yesterday I read that Bellway Homes cancelled a reservation for a Detached House because the “would be buyer” moaned a lot! Of course, if Bellway had not signed a contract then they are quite entitled to withdraw. I agree with Bellway.

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Tenants will be hit by supply crisis in rental market

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Tenants face an ‘acceleration’ in rent increases over the next five years, because the demand for private rented housing is outstripping supply, according to the Royal Institute for Chartered Surveys (RICS). New figures published in the September 2019: UK Residential Market Survey show that in the lettings market, demand from prospective tenants is rising firmly […]

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Empty properties in Wales report: AMs back RLA suggestions

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Plans to reduce the number of empty properties in Wales have been put forward by a cross-party group of Assembly-Members. Some the proposals, outlined in a new report by the Equality, Local Government and Communities Committee which frequently cites the RLA, include: The Welsh Government should work with local authorities to develop a national action […]

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Is it time to move into property refurbishment?

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Many landlords are facing up to the Government’s onslaught of the buy to let market which has seen their profits slashed over the past three years as tax changes take effect and new legislation like the Tenant Fees Bill and the proposed Section 21 ban will add further challenges.

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170,000 new homes built for year ending June 2019

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New data has found the number of new homes completed by developers in the year ending June 2019 had increased to over 170,000, which is the highest number built over the same period in the last 11 years. Government figures show a total of 173,660 new homes were built for the year ending June 2019 This represents an 8% increase compared with the previous year.

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Cambridgeshire landlord fined £4,000

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Rogue Landlord:

Rogue landlord Noelle Salameh of Desmond Avenue, Cambridge has had fines and penalties imposed totalling around £4,000 after housing her tenants in appalling conditions.

Salameh’s
four-person
property at 5 Holbrook Road, not far from Addenbrooke’s Hospital, was
in a “disgusting state” lacking basic amenities, no
electricity, heating, cooker, shower or sink. The outside area was
also in a bad state with mounds of rubbish piled up.

The rogue landlord
has been fined £2,478 with £1,370 costs and £108 victim surcharge.

The situation came
to the attention of Cambridge City Council officers after it received
a complaint from tenants at the property about the poor conditions
they were living in. When council officials investigated they found
overcrowding, generally dangerous living conditions and the tenants
being harassed.

On top of everything
else the four-person house in multiple occupation (HMO) lacked basic
fire safety precautions, there was evidence of previous instances of
overcrowding and piles of the landlord’s own rubbish that had
accumulated in the front and rear gardens was never removed.

When Salameh failed
to respond to the schedule of works issued by the council to resolve
the problems, and subsequent inspections showed no improvement, the
council finally served a formal Improvement Notice on Salameh to
compel her to comply with the law but, again inspections showed no
improvement.

Following a trial at
Cambridge Magistrates Court in September, Salameh was found guilty of
the charges against her by the magistrates. She pleaded guilty to the
offences in person and was issued the fines and penalties.

Cllr Richard
Johnson, Executive Councillor for Housing, had said:

“Nobody renting a
home should be subjected to these shocking conditions.

“We are determined
to take a tough line with rogue landlords who exploit their tenants
for personal gain.

“As this case
shows, we will not hesitate to take legal action if landlords refuse
to abide by their legal obligations to their tenants.

“We will continue
to do all we can to protect residents from poor housing conditions
and I hope that this case serves as another warning to the small
minority of landlords who continue to flout the law.”

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Possession reforms dead on arrival say landlords

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Government proposals to reform the way landlords can repossess properties will not work and threatens the supply of homes for rent, says the RLA. In its response to the Government’s consultation on ending Section 21 repossessions, which closes on Saturday, the RLA argues that what is being proposed fails to give any guarantee that landlords […]

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Possession reforms are a dead parrot

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Government proposals to reform the way landlords can repossess properties will not work and threatens the supply of homes for rent says the RLA.

In its response to the Government’s consultation on ending Section 21 repossessions, the Residential Landlords Association argues that what is being proposed fails to give any guarantee that landlords would be able to swiftly regain possession of a property where they have a legitimate reason.

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