Halifax House Price Index up 4.1% on last year

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Surprisingly after all the instability last year the Halifax House Price index is showing growth of 4.1% on January 2019 with the overall average house priced at £240,054.

On a monthly basis, house prices rose by 0.4% and in the latest quarter (November to January) house prices were 2.3% higher than in the preceding three months.

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Exclusive: Enforcement against landlords rises as selective licensing schemes spread

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Extra cash from government for enforcement and an until-now undisclosed increase in licensing schemes has helped ramp up prosecutions and fines.

The government’s
clampdown on rogue landlords is bearing fruit with a record number of
individuals being prosecuted since the beginning of the year.

This is a nearly 25%
increase in enforcement activity compared to the same time last year when 11
landlords were prosecuted and fined during the first five weeks of 2019.

The fines levied on
these landlords totals £235,966 but this figure is likely to be substantially
larger because it does not include civil penalty notices, which not all
councils reveal.

Such an
enthusiastic start to the year by local authority teams is likely to be in part
down to the additional £4 million funding offered to 100 councils in November
last year to tackle criminal behaviour among landlords and letting agents.

But there is another
factor: the number of Selective Licensing and HMO schemes in the UK has
increased dramatically over the past 12 months. Many of these prosecutions and
fines would be difficult without Selective Licensing schemes in place.

For example, data given exclusively to LandlordZONE by consultancy Kamma Data shows that the number of selective licensing schemes in the UK increased by 60% from 44 to 70 schemes over the past 12 months.

As our research shows, enforcement action is increasing as central government prioritises a ‘fairer and more transparent’ private rental market.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Exclusive: Enforcement against landlords rises as selective licensing schemes spread | LandlordZONE.

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CGT payment deadline changes!

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New tax deadline for property sales. I read this this morning (I think I may have heard about it before, but this time it registered):

6 April 2020 will see a change in the deadline for UK residents who sell a residential property as to when Capital Gains Tax (CGT) on the sale is due.

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Landlord fined and told he has ‘no excuse’ for not licensing houses

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Nottingham city council took Sakiib Khan to court over unlicensed properties and he has now been fined £12,000 by magistrates.

A Nottingham landlord
has been fined more than £12,000 for failing to licence his three properties in
the city.

Sakiib Khan, 34, of The
Meadows, admitted the offences under the council’s selective licensing scheme,
which has been running in Nottingham since 2018.

Nottingham Magistrates
Court ordered Khan to pay a fine and legal costs totalling £12,141 for the
unlicensed properties in Woolmer Road, Lamcote Street and Glapton Road, which
bring in total rental income amounts of about £2,080 per month. 

Councillor Linda
Woodings, portfolio holder for Planning, Housing and Heritage, says: “The
Selective Licencing scheme has been active in the city for 18 months now, so
there really is no excuse for not licensing properties. 

“I
hope this puts out a message to other property agents, companies and landlords
that if they don’t work with us to licence their properties, then they could
face prosecution.” 

Nottingham’s scheme, which covers 90% of homes in the
private rental sector, costs landlords £780 for each five-year licence and
aims to raise standards.

In its first year, the
council received nearly 17,000 applications, issued 22 civil penalty notices
and bought five prosecutions.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Landlord fined and told he has ‘no excuse’ for not licensing houses | LandlordZONE.

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LBTT for sole owner landlord incorporation in Scotland

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If you are a landlord in Scotland and you own properties in your own name, you might be considering transferring your rental property business into a legal company.

GOOD NEWS – the LBTT is likely to be a LOT less than you might imagine.

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£795,000 HMO purchase Stamp Duty was only 1% – WHY?

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The SDLT on a £795,000 investment property would ordinarily be £53,600 after factoring in the 3% additional rate.

However, in this instance the SDLT was advertised by an agent at £7,950.

Our client, who was extremely interested in buying the property

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Combustible Electrical consumer unit

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Hello All at 118 Property, I have a question, I’m in the process of buying a house to let. The Electrical safety report done in 2017 highlights the Electrical enclosure of the power unit to be of flammable material. the report shows C3

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CGT on selling a Buy to Let property after divorce

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Hi, I am after a bit of advice. I purchased a Buy to Let property in 1998 for £14550 on a mortgage in my name only. I married in 1999 and we then went on to buy a couple more BTLs.

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R.I.P. David Knox – A.K.A. “Appalled Landlord”

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Our dear friend, David Knox – A.K.A. “Appalled Landlord” passed away on 21st January 2020.

He was probably best known by Property118 readers for publishing his investigative work and critique of the Housing Shelter Charity, the lack morals and underhand practices of which he despised.

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Would you like to be on Channel 5’s Nightmare Tenants Slum Landlords programme?

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Its producers are looking for landlords who need help with a nightmare tenant or letting agent and are happy to feature in the show.

Are you one of the millions of landlords who tune in to watch Channel 5’s regular Nightmare Tenants Slum Landlords TV show?

If you are, and need help including ejecting a tenant who has failed to pay their rent or any other ‘nightmare tenant’ or ‘nightmare letting agency’ problems, then it’s time to get in touch.

London-based Britespark Films, which has been making the TV show since 2015, is making its 6th series.

The highly popular and rated documentary regularly features the eviction services of Landlord Action’s Paul Shamplina (pictured, above, during filming).
From the eviction of tenants who default on their rent as well as scam letting agents and housing enforcement teams cracking down on ‘beds in sheds’, the show has helped more than 200 landlords get their properties back.

If you are a landlord seeking help and are happy to have your case highlighted on TV, we’d like to hear from you.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Would you like to be on Channel 5’s Nightmare Tenants Slum Landlords programme? | LandlordZONE.

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