I’m not a charity: Is it time to issue a Section 21?

admin    Uncategorized     agents

Hi, I’ve been a landlord since 2005 and I’ve never issued a Section 21. However, I’m about to change that as I have two tenants that are behind in rent payments,one owes £600.00 and the other owes £2,500.00.

In my efforts to be reasonable I have agreed payment plans for both of these tenants.

View Full Article: I’m not a charity: Is it time to issue a Section 21?

Most landlords manage properties themselves despite higher costs

admin    Uncategorized     agents

More than half of landlords say they manage their portfolios themselves, treating it as a full-time job.

Surprisingly, those who self-manage are often spending more on property management, the survey from buy to let lender Landbay reveals.

View Full Article: Most landlords manage properties themselves despite higher costs

Tenant deductions for defrosting a large freezer?

admin    Uncategorized     agents

Hi everyone, as the student changeover season has now begun, can anyone advise on a reasonable charge for defrosting a large upright freezer left fully iced up by the exiting tenants?

I can list it under ‘missed cleaning’

View Full Article: Tenant deductions for defrosting a large freezer?

TMW cuts BTL rates – Accord and Foundation follow suit

admin    Uncategorized     agents

The Mortgage Works (TMW) has announced a reduction in its buy to let mortgage rates for both new and existing customers, with rates starting from 3.69%.

The lender’s new rates include:

• Two-year fixed rate (purchase and remortgage) at 3.69% with a 3% fee (up to 65% LTV)
• Five-year fixed rate (purchase and remortgage) at 4.04% with a 3% fee (up to 65% LTV)
• Five-year fixed switcher rate at 4.14% with a 3% fee (up to 75% LTV).

View Full Article: TMW cuts BTL rates – Accord and Foundation follow suit

If landlords were taxi drivers!

admin    Uncategorized     agents

Imagine this, some time ago, you decided to try to improve your life and to make things better for you and your family.

You’re a hard-working person and your chosen profession was to become a private hire taxi driver.

View Full Article: If landlords were taxi drivers!

Landlord groups call for ‘urgent’ return of the Renters (Reform) Bill

admin    Uncategorized     agents

In the wake of the 4 July election, landlord groups say the next government must pass the Renters (Reform) Bill as a matter of ‘urgency’.

The plea is being made by the National Residential Landlords Association (NRLA), along with Leaders Romans Group

View Full Article: Landlord groups call for ‘urgent’ return of the Renters (Reform) Bill

Why Buyer Demand is increasing for Property Companies

admin    Uncategorized     agents

With new and more efficient ways of making property financially make sense, it comes as no surprise that buyer interest in property companies is surging, driven by significant financial incentives.

But why? One of the most compelling reasons is the lower Stamp Duty rate of just 0.5% on purchasing shares in a Limited Company rental business

View Full Article: Why Buyer Demand is increasing for Property Companies

The Times wants to speak to landlords about selling up amid a Labour government

admin    Uncategorized     agents

Are you a landlord who is rushing to sell before an incoming Labour government? Then, Lucy Alderson, The Times and The Sunday Times money reporter would like to speak with you.

Data shows the number of rental properties that are being put on the market is increasing.

View Full Article: The Times wants to speak to landlords about selling up amid a Labour government

Residential vs Commerical vs Stocks and Shares: The ultimate debate

admin    Uncategorized     agents

It’s a classic debate – resi versus commercial. I’ve been involved in it a whole number of times over the years. This one had a third flavour though – stocks and shares.

I was invited by Manish Kataria CFA to appear on his podcast alongside (or against?) Natasha Collins MRICS to debate the merits

View Full Article: Residential vs Commerical vs Stocks and Shares: The ultimate debate

Student and non-student in same property conundrum?

admin    Uncategorized     agents

Hi, probably an apt question at this time of the year. Student tenancy agreements can run until late June, July, August or even September.

Students become liable for council tax from the day after they formally stop being a student.

View Full Article: Student and non-student in same property conundrum?