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pinterest facebook twitter linkedin Landlord Blogs - April, 2013

Landlord Guides

     
Stamp Duty errors by lawyers cost homeowners millions
 
Hundreds of homeowners who bought homes several years ago have to pay millions to settle stamp duty irregularities as their conveyancers understated the tax due on forms filed with HM Revenue and Customs.

The tax grab will see many homeowners pursued for unpaid tax, in
     
Posted by on 29/04/2013 09:57:08
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Councils want to rethink HMO rules that don’t work
 
Councillors in Glasgow want to upgrade house in multiple occupation (HMO) licensing and planning rules.

The council has 2,970 licensed HMOs but fears hundreds more are operating illegally.

Disjointed laws mean planners and housing officers work to different
     
Posted by on 26/04/2013 11:38:13
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70% of students think that bills inclusive rents are important
 
The demand for all-inclusive bills from students nationwide is growing year on year supported by a recent AFS student survey where 70% of the students who responded indicated that it was important to have bills included in the price of their rent. As a result, many landlords are
     
Posted by on 25/04/2013 14:52:06
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HMO counting rules change for mandatory licensing
 
Student landlords must consider a new counting rule for the number of floors in a house of multiple occupation following a ruling by High Court judges.

The court case has changed the way floors are counted for mandatory HMO licensing – and affects current as well as ne
     
Posted by on 24/04/2013 14:13:46
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College challenges £1m student housing stealth tax
 
A university college and developers have launched a legal challenge against a £1 million stealth tax imposed by the local council on proposed student housing.

The Oxford City Council policy could force universities to pay millions towards social housing when they build
     
Posted by on 22/04/2013 12:11:22
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Dirty and cramped HMOs closed in task force raid
 
A landlord was given an immediate ban on letting eight shared houses after a police and council task force raided his properties.

Prohibition notices were served on the homes in Boston, Lincolnshire, after inspections found they were dirty, unsafe and overcrowded.
     
Posted by on 17/04/2013 14:02:52
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HMRC Property Sales campaign FAQ
 
Property ownership, particularly as the landlord of a buy-to-let, comes with all sorts of tax and finance hurdles and regulations. From calculating rental profits to working out what is allowable as a business expense, landlords have a lot to take in.

Over the next few
     
Posted by on 17/04/2013 13:54:02
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Bank lending ban on HMOs with selective licences
 
Student landlords have problems raising cash to buy some letting homes as banks are refusing to lend on properties in selective licensing neighbourhoods.

The Royal Bank of Scotland, and subsidiary NatWest, have revealed underwriters reject mortgage applications on pr
     
Posted by on 15/04/2013 11:14:43
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Letting agent ‘amnesty’ for not disclosing fees in adverts
 
Landlords and letting agents have been granted an amnesty over advertising standard rules that could affect how they market their properties.

The Advertising Standards Authority (ASA) has decided not to issue an official ruling over whether non-optional fees that tenan
     
Posted by on 12/04/2013 10:18:09
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Fund managers eye healthy returns from student housing
 
City investors are seeking £50 million in funding for student housing in London.

The capital’s first real estate investment trust (REIT) – a special investment vehicle with tax breaks – will float in May.

Gravis Capital Partners (GCP) Student Living intends
     
Posted by on 10/04/2013 16:47:45
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Residents threaten legal challenge over student flat plans
 
Angry residents frustrated by their local council granting permission to build more than 200 student flats near their homes are threatening a legal challenge.

The residents, who live in the Ainsley Street neighbourhood of Durham, are disappointed planners gave the gre
     
Posted by on 10/04/2013 16:38:16
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What to do if you are an accidental HMO landlord
 
Student landlords often make the choice of keeping a rental property outside the house in multiple occupation (HMO) to avoid the cost and hassle of licensing – but what happens if you are made an accidental HMO landlord?

To keep outside HMO rules, landlords opt to tak
     
Posted by on 10/04/2013 16:26:26
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How Budget 2013 impacts student landlords
 
Student landlords have little to pick from the bones of Chancellor George Osborne’s Budget 2013.

His hour long speech to the house made no mention of property tax – although some of the other issues impact a little on student shared house owners and HMO investors.
     
Posted by on 10/04/2013 16:06:25
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Students buried alive as home collapses
 
Rescue workers pulled students to safety from under piles of rubble as their home collapsed about them.

Three students were treated for minor injuries in hospital and 20 more are homeless after the mid-terrace building fell down in a cloud of dust in Brook Hill, Sheffi
     
Posted by on 03/04/2013 17:32:27
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Regulate landlords or standards won’t improve, MPs told
 
Private investors will not improve standards with enforced regulation, Newham’s controversial mayor has told MPs looking at landlord licensing.

Sir Robin Wales is the driving force behind Britain’s first council-wide landlord licensing scheme aimed at registering 35,00
     
Posted by on 03/04/2013 15:51:00
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Letting agent fee guidance on way from ASA
 
Consumer watchdogs are about to publish guidance for letting agents on displaying their fees in buy to let property advertising.

The industry was thrown in to disarray when the Advertising Standards Authority (ASA) ruled letting agency Your Move breached codes by faili
     
Posted by on 03/04/2013 15:46:07
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Sub-letting scammers target student city homes
 
Scammers are renting homes and subletting the rooms to tenants without the landlord’s permission as a rent-to-let epidemic spreads grips the lettings industry,

The claim comes from property management firm Rushbrook & Rathbone – which claims the main targets for scams
     
Posted by on 03/04/2013 15:37:29
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