Secure the Deposit
Essentially, all the schemes work the same way. You will need to as a minimum Register yourself with your chosen scheme Log in to the system and add the property. Add the tenant and deposit details to the property. For Mydeposits, you will need to pay the protection fee For Deposit Protection Service you will be given the option to either ...
Illegal Eviction Costs Landlord £7,000
A rogue landlord who illegally evicted a tenant had to pay more than £7,000 in compensation after facing a catalogue of claims in court. (more…)
How Rent Cover Impacts Buy To Let Borrowing
Hidden regulators are already influencing the buy to let mortgage market as the government and Bank of England work behind the scenes to grip how much landlords can borrow. (more…)
HMO Planning Permission
John Healey: Local powers for councils to protect communities and improve standards in the private rented sector Housing and Planning Minister John Healey today (27/1/10) announced new local powers to control the spread of high concentrations of shared rented homes and to tackle pockets of unsafe and substandard accommodation run by bad ...
No Cgt Losses On Property Deals That Fail To Complete
Property investor cannot offset lost deposits and other costs against capital gains tax on purchases that fail to complete, a tax tribunal has ruled. The rule was reinforced in the case of Anthony Hardy v HMRC in a recent case before the First Tier Tax Tribunal. Mr Hardy paid over £128,000 in deposits on two off-plan home purchases, ...
Tenancies that CANNOT be an assured (shorthold) tenancy
Schedule 1 of the Housing Act 1988 contains certain tenancies which cannot be assured or assured shorthold tenancies, for example resident landlords and tenancies where the rent payable is greater than £100,000 per annum. A brief list of the exclusions are: Tenancies entered into before commencement (of the Housing Act) Tenancies of
Spencer v Taylor Section 21 Notices Final Thoughts
The below decision can be considered good law because as reported on 24 July 2014, permission to the Supreme Court has been refused and so that is the matter settled. Time has passed since Spencer v Taylor EWCA 1600 changed everything we thought we knew about section 21 notices in particular when serving during a statutory periodic tenancy.
Landlords Lose Mortgage Interest Tax Relief From Now
Landlords lose the right to claim full tax relief for mortgage interest payments from today (April 5, 2017). (more…)
Shared toilet – Single Room Rate or self contained flat rate?
We had an interesting question from one of our members, which this article attempts to answer. Q: Landlord has a flat in a house, however the toilet is separate. The toilet is shared with other occupiers in the same building. Does this mean that the local authority will pay the one bedroomed rate or the single room rate (because the single ...
Universal Credit – Welfare Reform Legislation Links
Mainly for the benefit of myself for researching universal credit, below is a list and links to all the relevant legislation in connection with welfare reform and universal credit. If anybody else gets some use from this list, then that makes it worthwhile. Please note this list is as at March 2013. I have no plans in keeping it up to date ...