When we're open & closed over the Festive Season
As you know, our office is currently closed to members of the public, and we've just published the days over Christmas that we're open and when our team will taking a much-deserved Xmas break.
Unsafe, illegal conversion sees landlord fined £280,000
A London-based landlord has been hit with a £280,000 fine after major breaches in planning permission procedures and human safety.
In one of the biggest cases of its type in recent times, Shafait Ali, of Deptford was discovered to be housing eight people in a flat that was considered illegal for even one resident.
Capital Gains Tax change could make landlords BETTER off
According to leading housing market analyst Savils, there’s some credence to idea that the change to the Capital Gains Tax may in fact mean landlords pay out less when compared to what they pay currently.
Lucian Cook, head of research at Savills, pointed out in a recent blog that during the days when CGT and income tax were the same level, there was a form of relief for inflationary gains - in other words, CGT was not applied on all profits, only those in excess of one of the standard measures for inflation.
Instances of ‘severe arrears’ not immune to eviction
Last week saw further changes to the tenant eviction ban currently in place in the UK.
Now, possession cases with severe rent arrears will not be protected by the blanket eviction ban which applies to rent arrears connected to England’s national lockdown during the covid pandemic.
Survey shows how often co-habitation can go wrong
The experience of how good or bad an house-sharing is fundamentally rests on the inter-personal relationships between the tenants living together. Breakdowns in communication and trust can lead to problems with rent payment which has a knock-on effect for the landlord.
A new survey conducted by Barclays Money indicates on average, some tenants lost around £550 due to ‘nightmare housemates’ unable or refusing to meet their financial obligations when it comes to utility bills and rent.