Requirement of occupation
Cases on the Rent Act 1977 do not come up so often these days. Under that Act a person with protection starts out, under the contractual tenancy, as a "protected tenant". If the landlord wishes to recover possession the landlord must determine the protected tenancy by a notice to quit (assuming that it is a periodic tenancy). This then gives ...
Best Company Mortgage Deals For Buy To Let Landlords
If you are a landlord financing buy to let property with a limited company sourcing the right mortgage can be a challenge. Although many landlords are considering moving to a corporate set-up, lenders will still consider mortgage affordability in the same way as if the borrower was an individual. That means the 145% rate at 5.5% is the ...
Another Report Into The Private Rented Sector
The House of Commons Communities and Local Government Committee has published a first report on the private rented sector. In the lengthy report a number of recommendations are made including: Conduct a wide-ranging review to consolidate legislation, with the aim of producing a much simpler and more straightforward set of regulations that ...
Lacors Fire Safety Guidance
For shared accommodation or converted blocks of flats, see the useful LACORS guidance on fire safety in let property. They have also issued some clarification notes in respect of the guidance and should be read together. For purpose built blocks of flats see this guidance
Selling A Property Business Is About Tax And Timing
Impending tax changes are leading many landlords to consider selling up their property businesses as they fear they will no longer make a profit. Many landlords fear new finance interest relief rules starting from April 2016 will drastically affect the viability of their businesses. Ceasing a property business is fraught with tax issues that
Tax on Rented Property
Introduction Letting residential property is treated as a single business, even if you let out more than one property. If you let out several properties, you can offset losses from one against profits from another. You pay tax on any profit as part of your overall income. Continue reading on Directgov - public services all in one ...
Bogus Letting Agents Scam Tenants Out Of Rents
A couple who posed as bogus letting agents to scam hopeful tenants out of £26,000 have been given jail sentences. (more…)
Suggested letter – request for review of decision
Before appealing, you should have asked for a written statement of reasons within one month of the decision. Once this has been received, the first stage of an appeal is to request a revision of the decision. When this is done, someone of higher authority than the original decision maker will review the decision. If the new decision is
What That Airbnb Ruling Says About Letting A Leased Home
The shock wave of what lawyers are calling ‘the AirBnB ruling’ are rippling out to towns and cities popular with tourists where landlords have switched from buy to lets to holiday lets. (more…)
Article 8 Proportionality and Private Landlords Possession
The idea that an Englishman’s home is his castle is firmly embedded in English folklore and it finds its counterpart in the common law of the realm which provides a remedy to enable the owner of the castle to secure the eviction of trespassers from it. But what if the invaders occupy for long enough to establish their home within the ...