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Council tenants who sub-let face fines and jail

Housing Minister Grant Shapps has revealed plans to tackle council and social tenants who sub-let their property for financial gain. Offenders will face up to two years in prison for the new criminal offence or a fine of up to £50k The government estimates that 160k tenants sub-let their council or housing association homes to other people at an annual cost of £5bn a year to the... Read more

Posted by Dan @ Upad on January 12th, 2012 in Property Rental, Social Housing

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Case Study: how to present your property – Greenwich, SE18

What we liked about the property… It’s a luxury new development in an up-and-coming part of London. It has great facilities such as a gym exclusive for residents, and a concierge. It has multiple transport links with easy access to the centre of London (Train/DLR 8 minutes walk). Beautiful Thames views upstream to Canary Wharf and The City. What we liked about the... Read more

Posted by Simon @ Upad on January 6th, 2012 in Finding Tenants, Property Advertising, Property Investment, Property Management, Property Market, Property of the Week, Property Rental, Tips for New Landlords

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Rents set to stabilise in 2012

Rents in the UK are set to stabilise in 2012, according to the Belvoir rental index. The index suggests that rents will rise in line with inflation and salary increases in 2012. This marks a change from the previous couple of years which have seen rents persistently rise. However, as always with these national surveys there are regional fluctuations, with London and the Home Counties set to... Read more

Posted by Simon @ Upad on January 6th, 2012 in Buy-to-let, Property Market, Property Rental

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Letting of the week: A mansion in East Sussex near Battle

Wowsers. Feast your eyes on this pile Upad isn't just about every day lettings. We've got all sorts. Need a place in the heart of East Sussex, not so far from Hastings and Battle? 8 bedrooms, 6 bathrooms, rolling grounds and a billiard room. Then look no further!... Read more

Posted by Dan @ Upad on December 9th, 2011 in Property of the Week, Property Rental

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5 questions to ask your accountant

A guest post from specialist property accountant Stephen Fay ACA. Serious property investors should have a good accountant on their team, to minimise tax liabilities, produce accounts that help with funding and portfolio growth, and act as a trusted professional adviser. But what should property investors and landlords look for when choosing an accountant? 1. Is the accountant genuinely... Read more

Posted by Dan @ Upad on December 2nd, 2011 in Property Rental

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Property of the Week: Student House in Cardiff, CF24

Student living does seem to have become rather more comfortable since my undergraduate days not so many years ago. This spacious abode in Cardiff has five bedrooms, two bathrooms, internet access and is, needless to say, exempt from Council tax. The landlord is a Wales Landlord Accredited and the house licensed by Cardiff Council. But we were attracted to this advert because of the photos.... Read more

Posted by Dan @ Upad on November 30th, 2011 in Property of the Week, Property Rental

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Landlords and Capital Allowances: does the taxman owe you money?

This is a guest post from tax experts Bell Strategies Landlord tax experts Bell Strategies estimate that 500,000 Landlords are owed money by the tax man whether they are on PAYE or self-assessed. This is because they have failed to take advantage of the Capital Allowances that mean you can claim back part of the tax paid on buy-to-let property purchases. The amount that can be claimed may be... Read more

Posted by Dan @ Upad on November 25th, 2011 in Property Rental

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Property of the week, Three bedroom flat in West Hampstead, London, NW6

West Hampstead is a favourite for young couples and professionals starting out in London. It's well connected by trains, tubes and buses and handy for lovely Hampstead proper and the heath but without the price tag. It's close too to Swiss Cottage and St John's Wood. This flat in West Hampstead is a beautiful 3 bedroom place with 2 bathrooms that would suit professional sharers or maybe a new... Read more

Posted by Dan @ Upad on November 25th, 2011 in Property of the Week, Property Rental

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Government plans housing boost with billions of private money

Under plans currently being considered by the government, social housing could be a big winner, attracting billions of pounds worth of private investment in an effort to stave off a double-dip recession. As the Eurozone crisis continues, unemployment increases and the UK's economic growth forecasts are revised downward, concerns that the British economy needs a boost are rife. That's why the... Read more

Posted by Dan @ Upad on November 18th, 2011 in Property Market, Upad

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Property of the Week: 2 bedroom apartment, Gunwharf Quay, Portsmouth, Hampshire, PO1

If you want a taste of the high life, how does the prospect of living up in the air on the 25th floor grab you? People with vertigo need not apply for this fabulous Upad in Portsmouth with floor to ceiling windows that look over the historic harbour. You can glimpse HMS Victory and all the other sights. You can probably even see France on a good day. Probably. This really is an ace place to... Read more

Posted by Dan @ Upad on November 16th, 2011 in Property of the Week, Property Rental

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At last good news, property repossessions remain low

The level of property repossession in Britain has held steady in the third quarter of 2011. 9200 properties were repossessed, compared to 9100 in Q2, according to the Council of Mortgage Lenders (CML). In total, over the course of 2011, 27500 properties have been repossessed and that's down on 2010. The CML predicts there will be fewer repossession in 2011 than last year. Considering the... Read more

Posted by Dan @ Upad on November 11th, 2011 in Buy-to-let, Mortgages, Rent Arrears

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Tenant rewards scheme slashes rent arrears

A housing association has hailed the success of a scheme that rewards tenants for keeping their rent up to date. The scheme, introduced 18 months ago by Orbit Heart of England housing association has seen rent arrears fall by half a million pounds. At a time where landlords reporting that rental arrears are rocketing, to see an organisation buck that trend is impressive. Orbit Heart of... Read more

Posted by Dan @ Upad on November 11th, 2011 in Rent Arrears, Social Housing, Tenant Rights

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Property of the week: Two bedroom flat in Shoreditch, London, N1

The London district of Shoreditch is fast becoming one of the trendiest parts of the capital being particularly popular with people working in the city and also young professionals working in the burgeoning creative industries. This canalside property, complete with balconies, and two bedrooms and two bathrooms is just the sort of place the trendy set will love. The landlord has added some... Read more

Posted by Dan @ Upad on November 11th, 2011 in Property of the Week, Property Rental

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Portsmouth landlord fined £12,000 for sub-standard housing

A Portsmouth landlord has been ordered to pay £12,000, for letting an unsafe house. The student accommodation in St James’s Street, Portsea had sleeping accommodation that was too small and cooking facilities that were sub-standard. Fareham magistrates’ court found the company guilty of failing to comply with two housing prohibition orders, and failing to provide Portsmouth City Council... Read more

Posted by Simon @ Upad on November 7th, 2011 in Legal, Tenant Rights

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Millions may never be able to own their own home

The increasingly depressing state of the housing market has been brought to the fore, with the news that millions may never be able to own their own home. The Council of Mortgage Lenders Director General Paul Smee said, that many will rent for longer than they first envisaged. Deputy Governor of the Bank of England Charlie Bean explains that as mortgage deals require higher deposits, they... Read more

Posted by Simon @ Upad on November 4th, 2011 in Buy-to-let, Property Market, Property Rental

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