Inside Property Website

Driving Out Good Landlords

April 15, 2019

It’s back to the 1970s as the government announces the abolition of fixed term tenancies and no fault evictions, known as section 21.  The government argues that it is unfair that tenants can be evicted without a reason.  But the reality is that around 90% of tenancies are ended by the tenant and most that are ended by the landlord are because of rent arrears.  These have increased in recent years largely because of the freezing and capping of housing benefit and the fact that it is paid directly to the often struggling [...]

Landlord & Tenant: Getting The Relationship Right

November 17, 2018

Your relationship with your tenant is a valuable asset.  As soon as you hand over the keys they have exclusive possession and you can then only access the property with their permission or a court order, so getting on well is imperative. They are your eyes and ears in the property and will help you protect your asset.  They are also your customers and you need to keep them happy to maintain your cashflow. Falling out can be painful and expensive and getting on well with them will [...]

Top Ten Challenges Facing London Landlords

October 27, 2018

These are my top ten challenges for London landlords as we move into Autumn 2018:
1. Your Tax Strategy:  Do you have one?  We are now in year 2 of the section 24 tax changes which restrict the tax relief on mortgage interest payments even though they are a reasonable cost of running our businesses.   Worryingly, only 49% of landlords fully understand the changes according to NLA research.  There is a slow trickle of landlords that are changing their structure – around 15% – and nearly 4 in 10 of us say we will [...]

Longer Tenancies Consultation

July 27, 2018

The government has issued a consultation called ‘Overcoming the Barriers to Longer Tenancies In the Private Rented Sector’ and to the surprise of many has proposed a minimum three year mandatory tenancy.  This has been a core campaign for Shelter and was adopted as Labour Party policy in Ed Miliband’s 2015 election manifesto, but has not previously been put forward by the Conservatives.
The key argument for three year tenancies is that the size of the private rented sector (PRS) has increased from 9% to [...]

Landlords Of The Future

July 2, 2018

What could renting look like in a decade’s time?  Shifts in attitude from government and the Bank of England have jolted landlords and investors into taking a step back and looking long into the future.  I speak regularly at events across London and in 2016 and 2017 I witnessed a fog of depression descend on many of my colleagues.   This was also reflected in the NLA’s index of landlord optimism in their lettings business plummeting to an all time low.  Worryingly still according to NLA research only 49% of landlords fully understand the implications [...]