SDLT for Limited companies
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My company owns 50% of a leasehold flat and has agreed to purchase the other 50% for £57,500. I was extremely surprised to hear from my solicitor that “SDLT is payable by all companies at the rate of 3% when acquiring a property at this level.” He also stated that he was taking advice on… Read more
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FREE WEBINAR – Last Chance To Register
This is you LAST CHANCE to register for the Property118/YPN/Cotswold Barristers joint webinar which will take place at 8pm on Thursday 22nd June 2017. The registration link is; https://ypnmagazine.infusionsoft.com/app/form/26e17cb41be832a3d7ecbda47a2bbf61 The webinar will be hosted by Ant Lyons, founder of YPN and guest experts will be Mark Smith, Head of Chambers at Cotswold Barristers and Mark Alexander,… Read more
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Stevenage To Implement Planning Restrictions on HMOs
This week, Stevenage Borough Council have confirmed that they are going ahead with plans to implement a borough-wide Article 4 planning restriction. Article 4 directions restrict permitted rights either in relation to a particular area or site, or a particular type of development anywhere in the local authority’s area. When an Article 4 direction is […]
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Mark Carney on Base Rate increase “now is not yet the time”
Mark Carney, the Governor of the Bank of England, said in a speech titled A Fine Balance that he did not think now was the time to increase interest rates. This is after the last Monetary Policy Committee (MPC) voted 5 – 3 to hold the Bank Base Rate at 0.25%. This was the narrowest… Read more
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Open Letter to HMRC – Clarification of “BUSINESS”
Today Property118 Limited sent the following open letter to HMRC. To Whom It May Concern Property118 Limited is an online UK forum for private housing providers (landlords). Last year, our forums facilitated over 5,000,000 unique user sessions and this year that figure is expected to almost double. Our mission is to facilitate the sharing of… Read more
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Director General Neil Couling answers questions on Universal Credit APA Scheme
A few weeks ago Bill Irvine wrote to Director General Neil Couling requesting answers on Universal Credit APA Scheme. See Article >> An open letter to DWP Neil Couling regarding Universal Credit 15/05/2017 Many landlords are experiencing issues with Universal Credit. The communication is poor, landlords are putting in APAs, but unable to communicate with… Read more
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Definition of ‘single household’?
The head lease on a 2-bedroom flat that I rent out says: ‘Not to use or suffer to be used the Demised Premises for any purpose whatsoever other than as a private residence for occupation by a single household . . . ‘ Due to problem with some lettings, particularly those involving students, the management… Read more
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Corbyn calls for seizure of luxury homes…
Property Rights: Jeremy Corbyn has called on Government to take over luxury ’empty’ homes in Kensington and Chelsea and give them to survivors of the Grenfell Tower fire. The horrific Grenfell Tower fire, which has left dozens of families bereaved and homeless, has prompted a surprising reaction from Jeremy Corbyn’s challenger government. There is great […]
… LandlordZONE.
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Additional and Selective Scheme Announced in London
From the 5th June landlords in Hammersmith and Fulham now have two new licensing schemes to comply with. After a consultation period the London Borough have decided to go ahead with the implementation of both selective and additional licensing schemes. Selective Licensing was introduced under the Housing Act 2004. The Housing Act 2004 says that before […]
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Are Councils legally allowed to force a Tenant to challenge/appeal a repossession order already issued?
I recently had to seek an eviction order to repossess a property on grounds of Section 8, ( substantial rent arrears) and dereliction of the property. The order was granted and as tenant failed to leave, bailiffs were booked to call. This was due to done on Wed 14th, 2017. On Monday the 12th, June,… Read more
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