EXCLUSIVE: ‘No hope of deadline extension’ for electrical checks ahead of April 1st cut-off

admin    Uncategorized     agents

Landlords and letting agents are likely to have to meet the new Electrical Safety Standards by 1^st April, despite attempts to push back the deadline.

Rented properties must comply with the regulations by the beginning of next month, requiring landlords to have electrical installations inspected and tested by a qualified and competent person, at least every five years.

In December, Propertymark warned the government that the huge task of ensuring all rented homes would comply in time was unlikely and that an “anticipated and widespread failure in compliance” would follow.

Lockdown blamed

It largely blamed the lockdown – slowing work and causing tenants to be reluctant to admit tradespeople, along with a shortage of qualified electricians. However, the trade body says it has had no indication from the government that the deadline will be extended.

The National Residential Landlords Association says its members have also raised concerns about an inconsistent approach to the regulations being adopted by inspectors.

A spokesman tells LandlordZONE: “We have raised this with the government and are expecting the relevant professional and trade bodies to issue guidance to ensure a more consistent approach.”

It says it’s aware of cases where tenants have refused access to properties for landlords to comply with the regulations. “In such cases, landlords should ensure they record where they have attempted to gain access to the property but been refused it by the tenant.”

Timothy Douglas (pictured), Propertymark’s policy and campaigns manager, agrees that it’s important to document all activity relating to arranging, planning and scheduling work relating to compliance with electrical checks.

He adds: “Creating a paper trail of communication between tenants, landlords and electricians will safeguard agents against any enforcement activity where work could not be carried out during the pandemic.”

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – EXCLUSIVE: ‘No hope of deadline extension’ for electrical checks ahead of April 1st cut-off | LandlordZONE.

View Full Article: EXCLUSIVE: ‘No hope of deadline extension’ for electrical checks ahead of April 1st cut-off

Property values: What does 2021 have in store for landlords?

admin    Uncategorized     agents

Despite a recent slowdown, house prices are predicted to carry on rising throughout 2021, landlords will be relieved to hear.

The latest figures from the Halifax and other expert’s forecasts indicate that house prices are set to remain steady in 2021.

Last week’s budget, with its extension to the stamp duty holiday and other measures to support  mortgage borrowers, means the property market looks set for another mini-boost, at least in the short-term.

The Halifax figures showed a stalling of prices in the first two months of the year, but that was before Rishi Sunak’s budget last week when he delighted those buyers with purchases pending, taking the pressure off from completing before the 31^st of March.

A buyer of a £500,000 property will save £15,000 if the sales goes through before the stamp duty concession ends.

Pause

There was a definite pause in the upward trend in prices in the second half of last year, when prices rose by an average of 5.2% in the year to the end of February.

The Office of Budget Responsibility (OBR) had predicted a fall (mini-crash), a fall off of the stamp duty holiday “cliff-edge”, of 8.3% but this was before the Chancellor announced his extension and his further measures to  taper the end of the holiday.

Russell Galley, Managing Director, Halifax (pictured), says: “Having enjoyed an extremely strong period of activity in the second half of last year, the housing market continued its softer start to 2021, with average prices down very slightly (-0.1%) compared to January.

“However, with annual house price inflation currently at +5.2%, property values remain comfortably higher than 12 months ago, when February was the last full month before lockdown.

“The housing market has been at something of a crossroads at the start of this year, with upcoming events key to determining the path of activity and prices over the next few months. The government’s decision to extend the stamp duty holiday – one of the main drivers of demand from home movers during the pandemic – has removed a great deal of uncertainty for buyers with transactions yet to complete.”

Stabilised market

Forecasts put out by Capital Economics, The OBR and Knight Frank also support the view that the budget measures have stabilised the market in the sort-term with a forecast of an 8.1% rise above a year ago, coming up to the stamp duty holiday deadline, but then easing down again gradually towards the year-end.

With buy-to-let rental property still in high demand – properties selling as soon as they come onto the market in many locations – and a move out of city centres towards urban and rural living, some properties are selling at above average prices.

It seems that property is still a relatively safe and sensible place to have your money, especially when compared to other forms of investment.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Property values: What does 2021 have in store for landlords? | LandlordZONE.

View Full Article: Property values: What does 2021 have in store for landlords?

ARE YOU READY for the biggest opportunity for property investors in 2021?

admin    Uncategorized     agents

Changes are afoot in the world of commercial property, to make it far easier to repurpose commercial buildings for other commercial and residential uses.

These changes will offer tremendous opportunities for property investors who know how to exploit them and use them to their advantage!

The post ARE YOU READY for the biggest opportunity for property investors in 2021? appeared first on Property118.

View Full Article: ARE YOU READY for the biggest opportunity for property investors in 2021?

Oxford council to vastly enlarge landlord licensing powers at meeting on Wednesday

admin    Uncategorized     agents

The city of dreaming spires is set to introduce a blanket selective licensing scheme following a consultation last year that revealed strong backing for the scheme among tenants and residents. It also plans to renew its existing HMO licensing scheme.

But because of the size of its proposed selective licensing scheme, the council will then have to seek approval from the Secretary of State before going live, most likely in early 2022.

During the council consultation, two thirds of Oxford residents who were canvassed said they’d back greater regulation of the private rental market there via a selective licensing scheme, while 72% supported the additional licensing scheme for HMOs to be renewed.

Oxford has an unusual housing market, largely due to the very high concentration of students living in the city, where nearly half of all homes are rented.

Housing hazard

A survey of rented homes last year found that a fifth of its 30,00-odd privately rented homes featured a serious housing hazard, and that one in every ten tenancies had been reported to the council over low standards of housing or property management.

In 2011 Oxford was the first English council to bring in a citywide additional licensing scheme requiring all HMOs to be licensed. The adoption of selective licensing would mark the biggest change to Oxford’s private rented sector since additional HMO licensing.

Oxford council says that, despite Covid, it has worked hard to canvass a wide variety of people involved in the PRS on the proposals. This has included landlords, agents, industry associations, residents and resident’s groups, private tenants, third sector organisations, advice agencies, registered housing providers, councillors, businesses and neighbouring councils.

“We recognise there are strong differences of opinion between landlords and agents on the one hand, and tenants, residents and organisational representatives on the other,” says Councillor Alex Hollingsworth (pictured), cabinet member for planning and housing delivery.

“However there is broad consensus that there are issues in the private rented sector which do need addressing and we believe that licensing is the best way of doing this.”

Read more about Oxford.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Oxford council to vastly enlarge landlord licensing powers at meeting on Wednesday | LandlordZONE.

View Full Article: Oxford council to vastly enlarge landlord licensing powers at meeting on Wednesday

High-profile rogue landlord turned glamour model is banned for five years

admin    Uncategorized     agents

A high profile rogue landlord has become the first in Cornwall to be slapped with a banning order after years of breaching lettings rules.

Julie Stoddern, of North Roskear, Camborne, can’t let a property for five years and has been placed on the national Rogue Landlords Database.

She was convicted in November 2020 relating to the breach of a prohibition order, allowing a property to be overcrowded and failure to hold an HMO licence. She was fined £5,000, with costs of £5,515 and a victim surcharge of £190.

Cornwall Council’s private sector housing team picked up on the offences during the first national lockdown over concerns that the house risked increasing community Covid transmission.

It was Stoddern’s third conviction for housing offences over an eight-year period. Due to the seriousness and repeat nature of the offending, the council applied for a banning order which has now been issued by the First-Tier Tribunal.

Modelling

Stoddern has featured in several newspapers including The Sun after turning to glamour modelling to try and pay off these fines, but says she is focussed on providing homeless and vulnerable people with accommodation. At one point she also launched her own calendar, pictured, above.

But Stuart Kenney (pictured), from the council’s housing team, says: “Prosecution, including fines issued by Truro Magistrates’ Court, have seemingly not deterred repeat offending and the council has exhausted all options available to encourage compliance.

“There have been multiple reports of anti-social behaviour and police attendance to the address over several years, with a demonstrably high community impact linked to the offending. It is hoped that the risk of imprisonment will stop further offending.”

The national Rogue Landlords Database, which currently only has about 50 people (up from 18 a year ago) on it, remains secret as a government consultation that closed in October 2019 into widening tenants’ access appears to have stalled.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – High-profile rogue landlord turned glamour model is banned for five years | LandlordZONE.

View Full Article: High-profile rogue landlord turned glamour model is banned for five years

LATEST: RICs’ new cladding guidance is flawed claim campaigners

admin    Uncategorized     agents

New External Wall System (EWS) guidance to help leaseholders sell flats in blocks with external cladding has been criticised by campaigners for ignoring the thousands who will remain trapped in unsafe buildings.

The Royal Institution of Chartered Surveyors’ (RICS) guidance issued today clarifies the checks required by banks and building societies before issuing a mortgage.

There will now be no need for EWS checks on all buildings of four storeys or below, as long as they are not clad in aluminium composite material (ACM), other metal composite materials (MCM) or high-pressure laminate (HPL).

Buildings that are five or six storeys high won’t need to be checked if they do not have ACM, MCM or HPL present, and if the cladding covers less than 25% of the building.

However, the End Our Cladding Scandal (EOCS) campaign says that the need for an EWS1 form is only one part of the national building safety crisis. It believes the wide range of serious, internal and external, safety defects being uncovered in residential buildings of all heights aren’t being considered.

This revised guidance will do nothing to help many leaseholders, says campaigner Tasha Letchford, who adds: “The EWS1 certificate will only identify issues with the external wall and it is now clear that many of the fire safety issues within these buildings are internal. We will continue to call on the government to end this crisis.”

It adds that the RICS’s decision that buildings of any height with HPL cladding will still require an EWS1 form puts into focus the, “unfair and arbitrary decision of the government to force cladding tax loans onto innocent victims in HPL-clad buildings under 18m”.

Housing Secretary Robert Jenrick (pictured) says the new guidance means nearly 500,000 leaseholders will no longer need an EWS1 form. “Backed by nearly £700,000 government funding, over 500 assessors have now started training so that where valuations are needed these can be done more quickly, speeding up the process for homeowners,” says Jenrick. 

The guidance is due to be implemented by 5th April 2021.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – LATEST: RICs’ new cladding guidance is flawed claim campaigners | LandlordZONE.

View Full Article: LATEST: RICs’ new cladding guidance is flawed claim campaigners

New RICS guidance on valuation of properties with cladding

admin    Uncategorized     agents

The Royal Institution of Chartered Surveyors (RICS) announces a step forward in unlocking the flat market for buyers and sellers. The new guidance Valuation of properties in multi-storey, multi-occupancy residential buildings with cladding, clarifies types of properties that will, and those that will not require additional inspections

The post New RICS guidance on valuation of properties with cladding appeared first on Property118.

View Full Article: New RICS guidance on valuation of properties with cladding

Are Lambeth’s Proposed Additional HMO Conditions Illegal?

admin    Uncategorized     agents

Lambeth Council is consulting on the introduction of Additional HMO licences – deadline 12th March. There seem to be quite a few conditions that I would think are unenforceable/unmanageable and would like to know your views please so that I can respond to them.

The post Are Lambeth’s Proposed Additional HMO Conditions Illegal? appeared first on Property118.

View Full Article: Are Lambeth’s Proposed Additional HMO Conditions Illegal?

Is Scotland about to extend its eviction ban by six months?

admin    Uncategorized     agents

LandlordZONE has been made aware of speculation within Scotland that housing minister Kevin Stewart is considering a six-month extension to its existing evictions ban due to expire at the end of the month.

Scotland’s original evictions ban on bailiff evictions was due to run out on 22^nd January but was extended to March 31^st for all eviction warrants except those involving cases of serious anti-social behaviour, including domestic abuse.

Like in England, the Scottish government has been preventing evictions via a ban on bailiff activity. This has applied to all areas of Scotland under Level 4 or 3 restrictions, which at the moment covers the whole country.

Landlords have also been required to give a tenant six months’ notice of an eviction, a regulation that is also due to run out on 31st March and could be extended as well.

Sturgeon’s hint

Although Covid restrictions are due to eased in Scotland in the coming weeks as both the ‘R number’ has dipped under one and worries over unemployment have been subsiding, two weeks ago First Minister Nicola Sturgeon hinted that a further ban could be in the pipeline.

“We have already extended the ban on evictions, and we will do that again should it be necessary. It is important that people have protection against eviction, given the circumstances that we are living through,” she said in response to a question from Green MSP Alison Johnstone.

Sturgeon said her government is also considering a permanent ‘winter evictions ban’ of the type seen in France every year.

LandlordZONE approached the Scottish government for comment over the weekend but has so far not received a response.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Is Scotland about to extend its eviction ban by six months? | LandlordZONE.

View Full Article: Is Scotland about to extend its eviction ban by six months?

Labour alleges dirty tricks over digital campaign that described party as ‘anti-landlord’

admin    Uncategorized     agents

Labour is calling for an investigation into a third-party Tory campaign to smear its housing policy and in particular, Jeremy Corbyn, during the run-up to the last election.

A website – which has since been taken down – and a Facebook group titled, ‘Right To Rent, Right To Buy, Right To Own’ claimed Corbyn’s policies on the rental market would drive landlords from the sector, meaning less choice for tenants.

They claimed: “Landlords who remain may invest less in their properties in a bid to stay afloat. Under Corbyn’s Labour Party, colossal borrowing will push up interest rates. This will mean higher mortgage payments when you come to buy a home or re-mortgage.”

Lobbyist Jennifer Powers, a former Tory intern, was behind the campaign, and spent more than £65,000 publishing dozens of adverts in 2019.

She told the Mirror she had partly funded them herself and raised money through donations but refused to name the source of her funding. The ads were declared to the Electoral Commission as a ‘third party’, meaning they don’t count towards party spending limits.

MP and former shadow chancellor John McDonnell has told the Commons that the elections watchdog needs to investigate this and other third-party campaigning by pro-Tory groups, who spent a total of £700,000 without declaring any individual donations.

The campaigns all declared they had not received a single donation over the £7,500 threshold for declaring donors to the Electoral Commission.

Website openDemocracy says Right to Rent, Right to Buy, Right to Own bore striking similarities to another supposedly independent third-party campaign, including sending nearly identical emails in response to queries from the Electoral Commission and having remarkably similar privacy policies on their websites.

The Commission has said that it is the legal responsibility of campaigners to ensure that their donations are declared fully.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Labour alleges dirty tricks over digital campaign that described party as ‘anti-landlord’ | LandlordZONE.

View Full Article: Labour alleges dirty tricks over digital campaign that described party as ‘anti-landlord’