The Deposit Protection Service (DPS) Single Claim Procedure Explained
Introduction Tenancy deposit schemes come in two flavours, insurance based or custodial. The Deposit Protection Service runs the one and only custodial scheme which is free of charge for landlords to use (although coming soon the DPS will have an insured scheme option). The significant difference between custodial and insurance based is that ...
Calculating a Hazard
Introduction Due to the hugely complicated method of which a hazard is scored for the purposes of the Housing Health and Safety Rating System, we have produced this separate guidance. You may need to read two or three times before fully understanding it! This guidance uses one example and that is of an average 1930’s 3 bedroomed ...
Is Commercial Investment Worth The Bother?
Tax changes are leading some property investors to investigate if commercial property is a better investment than buy to let. (more…)
English Law explained for Non-Lawyers
Thanks to @ddortongibson for pointing this out. Although this case is not a housing case (it was a family "relocation" case), a non-lawyer was assisting with the case. Lord Justice Wall explained in excellent simple to understand terms the law of precedent and appeals of English law. Below is a taken from the transcript. BD v AID EWCA Civ ...
Deposit Protection Fine For Letting Agent In Landmark Case
Letting agents who fail to protect tenant deposits for consumer landlords could face fines and a criminal prosecution following a landmark court case. (more…)
Chancel repair couple sell property at auction
A couple hit with a chancel repair bill for £230,000 and legal costs of £250,000 forced to sell their inherited home A couple who face costs of £230,000 to repair a nearby church under a law dating back to the reign of Henry VIII sold their property at auction last night to cover the cost of the liability. Andrew and Gail Wallbank inherited ...
How Holiday Lets Can Keep Property Tax Bills Down
Landlords facing financial hardship when new mortgage interest finance rules slash their tax relief over the next few years could find a solution by switching to holiday lets. (more…)
Tenancy Deposit Interest Rate Order Revoked
Under the The Housing (Tenancy Deposits) (Specified Interest Rate) Order 2007, the custodial scheme operated by the Deposit Protection Service may pay interest on held deposits at the rate of the Bank of England base rate less 2.32 percent. The current base rate has been at 0.5 percent for some years now which effectively renders the order ...
What was the Occupiers Status?
KT Property v Joseph Pritchard Bristol County Court 3 February 2011 This case, although quite rare was in our view certainly interesting and was one that made the mice in our heads revolve on the spinning wheel at great speed and for long periods of time. That being said, full credit must go to Evicthem as they did the vast majority of ...
Buy to Let Cools as Tax and Borrowing Curbs Slow Market
The great buy to let boom may be over as measures to cool the market begin to bite. (more…)