Labour have said that they “will immediately abolish Section 21 ‘no fault’ evictions, prevent private renters being exploited and discriminated against, empower them to challenge unreasonable rent increases, and take steps to decisively raise standards, including extending ‘Awaab’s Law’ to the private sector.”
 
The Conservative Party would bring back the Renters Reform Bill and abolish Section 21 with Liberal Democrats, and the Green Party making a similar commitment.

Reform, however have said they would drop the Renters Reform Bill entirely and abolish Section 24 of the Finance Act to enable landlords to claim 100% of their mortgage interest when filing their tax returns.

Thank you

If I install solar panels  4kw at a cost of about £5000 with hardly any distribution to the tenant i can get it up to just inside a C.  Just interested  if  anyone here has had solar panels fitted to upgrade  their EPC 

I have got this buy to let property on the market:

-No CHAIN

Currently tenanted

**Expect yields of at least 8%

* In a fantastic location,

* Heathrow Airport is within 15min drive 

* just one bus direct into Heathrow Airport (bus stop right in front of the flats: 24hour bus route), 

* London Paddington - Heathrow Airport tube and over-ground train stations all within 15mins, 

* shops, pubs, laundrette , pharmacy, schools (, Nursery schools x 3, Primary schools x 3 & High school) all within 2 - 5 min walk.
  - Catholic school within 15min walk
  - After-school clubs x 2; both within 15min walk ( they operate a pick-up service from all these schools: run between 1530-1800hrs weekdays)

* Public library x 2 within 20 min walk

* Large public public parks and river walks all within 15-20 min walk
    
* 3 major Hospitals (Ealing NHS, Hillingdon NHS, Harefield NHS) within 15-30min radius. ..M40 & M4 both within 10mins. 

* Hammersmith Hospital , West Middlesex Hospital 20mins drive away (45mins by public transport)

   *Wrexham Hospital (Slough) 30mins drive away

*3 Retail parks all within 15mins.  

* Can also be turned into Air BnB. 

* Free ample parking 24/7(both front & rear car parks)

*  Majestic day-time & night-time views of fire-work displays across the West End and Wembley Stadium. 

* Majestic views of aeroplane traffic coming out of the clouds descending to land at Heathrow Airport (It's too far away, so no air traffic noise)

*Golf club within 10mins. 

* Very quiet & clean neighbourhood. FOB-controlled entrance
* Well-maintained by day-time resident warden from London Borough of Hillingdon Council 

*** Please may you share this property on your networks.  I'm selling it via Charrison Davies & Hart estate agents.

Here's the link:          

  https://www.rightmove.co.uk/properties/145218161#/media?channel=RES_BUY&id=media1

****Property Address:

61 Melbourne House, Yeading Lane, Hayes, Middlesex, UB4 9LL   (West London)

 Thank you.

Kind regards
Isaac Madziv
Tel: 07789771736

As well as other costs, the purchase and pre rental costs are allowable deductions against our capital gains at sale.

But if we aren't expected to keep records for more than 6 years (assuming the asset was bought many years ago), how are these costs demonstrable - if asked?

In the small HMO (C4) are we only allowed 6 tenants Max or also forming 6 households.

6 individual forming 6 households and what about 6 related couples also forming 6 households does that mean we can have 12 tenants in 6 rooms?

HMO EXAMPLES

3 brother or sisters living together are 1 household – NOT an HMO

3 friends living together are 3 households – IS an HMO

2 couples living together are 2 households – IS an HMO

1 couple and 1 single unrelated person are 2 households – IS an HMO

To be classified as an 254 HMO the property must meet the standards defined in the description above, and meet the standard conversion test, self-contained flat test or converted building test. The full definition of all HMO’s can be found in the Housing Act 2004 Sections 254 to 260.

A section 257 HMO is a whole building that has been converted into self-contained flats that meet specific criteria. The full details of what constitutes a section 257 HMO is under the additional licensing section.

And

C4 Houses in multiple occupation - Small shared houses occupied by between three and six unrelated individuals, as their only or main residence, who share basic amenities such as a kitchen or bathroom.

They are a couple.

Also how do i hand deliver it to the mailbox? 

I was thinking to write on the envelope: top left hand side: NOT A CIRCULAR PLEASE READ and top right hand side: BY HAND. Hold the envelope up in front of the main door and then the pigeon hole, so that the address is visible on the envelope and the door and pigeon hole can be seen and take a photo.

Deliver it before 4.30pm the day before it is due (i.e. before the 2 months i am giving).

Views? Am I forgetting something?

https://www.telegraph.co.uk/money/property/labour-plots-ban-landlords-selling-up-two-years/#:~:text=Labour's key Renters Reform Bill,have to wait six months

Already landlords are getting out before more legislation further enslaves them to tenants.

Now Labour think causing us to be unable to 'make claim' on a new tenancy for repossession for 2 years is good. Then add the 6 months notice, then add the eventual passing of a wait for a court date. That to me looks like 3 years, and only if you get everything spot on with the claim.

A Tory thinks we should give up to 2 months rent, to help tenant relocation. Blimey soon it'll be us putting up the deposit.

The Green (behind the ears) lot want a national system of rent controls.

We already should allow animals.

As we know, there are a raft of compliance measures to adhere to, with housing inspectors and Shelter revving their engines to catch the unwary.

I wonder how this might affect the already increasing departure of BTL investors.

I booked an engineer for next week but the engineer got confused and went today.

The tenant was there and let the engineer in.

The tenant then emailed me saying he never gave me permission to arrange for the engineer to attend today and that he legally needs 24 hour notice for anyone to enter the property.

Thoughts? 

How do I respond to that? 

Am i in the wrong? 

Last Years tax return shows an income of £8400

Landlord has just issued a Notice of Variation to increase rent to £9600pa

The property has a potential income of £10800 pa

Which income will potential mortgage providers use to calculate their mortgage offer?

Will  some BTL mortgage providers use different numbers.

As you can imagine everyone is more than fed up with the situation, not least the tenants who have had no heating since March. They’ve had to use electric heaters which cost more to run. They’ve had hot water as there’s an immersion heater. 
 

The tenants are requesting compensation after talking to their solicitor friend who has advised them we should compensate. Said friend also told them they were entitled to being put up in a hotel for the whole of this period at our expense. Have things changed there as I was only aware that was correct if there had been a fire or something? Trying it on? They stayed in the house as they still have their elderly parents and also their cat. We wouldn’t be paying for them!

What do you say about compensation? We’ve gone back and asked what they’re looking for with the view we will compensate for the time they were without heat, so just over a month. Bear in mind there are 2 additional people in the house since early December and these are the same tenants who are refusing to let the BG engineer in to clear the hob for the GSC. 
 

Thanks for your replies

I've read different approaches regarding utilities, some people have their central heating system drained and turn the water off.  

I'm hoping for a quick sale and if I can't sell within six months I will let it out again. Any advice with experienced landlords would be greatly appreciated.

Best regards

Anita

I made an offer on a property and had it accepted last Friday, though i now know this gazumped a previous and probably frustrated cash buyer with a 5k less offer than mine. Knowing this I asked them to please remove all the other vendor boards from the property and for the house to be placed as STC. There is no Chain as i am a buy to let customer and they have already moved out.

I have an mortgage offer in principle and submitted the full application  now and waiting the full offer and then to pay the product fee and survey costs before they will send a surveyor (Virgin Money). Also i engaged and paid a deposit with the solicitor and they are working on this last couple of days.

"The Catch" Today when asked seller to take it off with other agents and advise the old buyer it was now of the market they said only if i paid a 2k deposit to there solicitor and they would do the same to make sure nether pulled out or the one a fault would lose this. I have never heard of this and can't understand why this would be used. Does anyone have experience of this or how it is set up if the case?

 Surely any such draft would have to state my side that the deposit is paid with the assumption that I get accepted for my mortgage, the survey comes back ok and accted by the building society as well as rental checks and that the legal work is all completed to me and my solicitor. If it contains all this then i do not see any benefit as when you have all this you can exchange contracts anyway with a deposit?

Unless of course they do not want to include assumptions and then that leaves great risk of lose of deposit?

Any thoughts, advise or help here appreciated as the deal is close to failing due to seller wanting this and me being wary of what they want in the contract for deposit and who pays the legal costs both ways. I have put my solicitor on hold for now as unsure where this is heading. In reality if i kept everything rolling we would potentially be at exchange in 3 weeks.

Kind Regards

Nev

Where the hell are they all living ?

How do they pay their rent ?

How can I ensure that she does clean properly?
Can I ask her to pay the bill for the damage under the sink that the mice caused?

Help, really don’t know how to put it to her or what to do so the property is crystal clean as it was upon move in.

I know I have to at least pay the ground rent, but my questions are:
1. If I don't hear back about invoices, do I have to pay the service fees for next year?

2. We will likely have to take them to FTT (again) for the charges from last year.  Do I have to pay the fees before filing or does filing 'freeze' the process?

The management company are very quick to threaten repossession and send debt collectors so I am afraid of not following the exact right process.  Thank you for any insight you can provide!

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1146595/N5B_WALES_0323-save.pdf