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RICS House Price Balance

UK government set to abolish Section 21 eviction notices

The UK government is playing a very dangerous game with private landlords in England and Wales. This week’s announcement regarding the abolition of Section 21 eviction notices is headline news in the private rental sector. While the blow to private landlords has been softened a little amid promises to reduce the property repossession process for legitimate reasons, there is anger and confusion as to why private landlords are yet again in the firing line. Overhauling the private rental sector In an ongoing overhaul of the private rental sector, the UK government is to consult on effectively creating open-ended tenancies for all private renters in England and Wales. The idea is that open-ended tenancies would give individuals and families peace of mind and a degree of long-term security. Section 21 eviction notices are commonly referred to as “no fault” evictions. These notices allow landlords to reclaim property by giving as little...
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Abolishing Section 21 without making Section 8 fully “fit for purpose” will have dire consequences on our housing supply

Yesterday (15th April 2019), the government has outlined plans to consult on new legislation to abolish Section 21 in a bid to end so called ‘no-fault’ evictions. Although this is not a surprise move, it is one that, if goes ahead as suggested (i.e. full abolition of Section 21), will be game-changing for the private rented sector. As I have said for many years, the vast majority of landlords only evict tenants as a last resort. At the end of the day, a landlord doesn’t let his property just so he can subsequently evict the tenant, there is always a reason, so the term no-fault is moot. When the property is let, it is an active decision made by the landlord. Unfortunately, circumstances change, for both landlords and tenants, but that’s what most people like about the PRS - its transient nature.  Removing the ability to evict with Section 21...
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How To Combat Easy Lock Snapping

How To Dramatically Improve Modern External Door Security An important part of keeping any rental, commercial or residential property secure is ensuring your doors are protected with locks that can keep intruders out effectively. However, many properties with modern UPVC or metal doors are fitted with standard cylinder locks that might not be able to keep opportunist burglars out as well as you might think. We’ve looked at the shortcomings of standard cylinder lock types with the experts at Locksmith Derby and the burglary phenomenon known as lock snapping, plus how anti-snap locks could provide the added protection you need. How burglaries occur with standard locks  Normal cylinder locks, often known as euro cylinder locks, definitely provide some protection for your property, surely you need a key to get in? Most people realise there are variety of ways that experienced burglars, or a locksmith can get past them, either picking the...
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Prefabricated Concrete Garages vs Wood Frame Garages

If you want to add a garage to your property, there are a few different ways to approach its construction.  Two of the most popular are prefabricated concrete garages and wood frame garages. But how do the two line up against one another to help you decide?  Let’s look at the main pros and cons. Cost Cost is always a factor with any building project and when it comes to getting the very cheapest option, then prefabricated concrete garages will always win.  They are made from sectional panels that often use steel as reinforcement and means they can be sold cheaply. They don’t have any kind of fire risk either, so this makes a house with this kind of garage slightly cheaper to insure. Wood frame garages such as oak garage kits will cost more but definitely have that wow factor that will make them a standout feature of the...
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A Guide to Tenancy Deposits

Most landlords wouldn’t dream of neglecting to ask tenants for a deposit. Deposits for many are a safety net to fall back on should any problems arise at the end of the tenancy, such as damages or unpaid rent. If deposits aren’t part of your tenancy agreements, then they should be. There’s a few processes to follow and things to be aware of when it comes to deposits, so look no further than this handy guide from CIA Landlord Insurance. So, what is a deposit? A deposit is a sum of money (usually the equivalent of 4-6 weeks rent) that a tenant hands over at the beginning of the tenancy. This money can then be used to cover any costs incurred throughout the tenancy. If the property is handed back to the landlord in good condition and all the rent paid on time, then the full deposit must be handed...
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Avoid Boiler Problems with These Tips

Knowing how to deal with emergencies around the house – whether it is a clogged drain or a broken electrical socket – makes facing those emergencies easier. Instead of making all the wrong moves because you panicked, you can remain calm and deal with the emergencies like a pro. With many emergencies, taking the right steps will prevent worse problems. That said, it is even better if you can avoid dealing with emergencies around the house entirely. In fact, preventing home emergencies isn’t just better; it’s also easier. In this article, we are going to focus on how you can avoid boiler-related problems. Let’s get started, shall we? Lag Your Pipes Pipes running to and from the boiler use lagging for insulation. Good lagging allows the entire heating system to work more effectively, especially in the winter when the exterior temperature is substantially lower than the temperature of the pipe....
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What to Look for in Student Accommodation

Every student accommodation claims to be the best, so when looking for great student accommodation that is worth the price tag, there is a lot to consider. If you want to make sure you spend your student loan wisely and don’t end up in an accommodation you hate, follow these simple tips when looking for your first student digs. Rent Cost and Bills As a student, money is the most important factor to consider when choosing a place to live. When looking for your perfect student accommodation, look for one that includes all the bills in the price of the rent. Otherwise, you could be looking at paying a lot more than you bargained for. If your rent seems relatively low, check that all utilities are paid for, including water, electricity, Wi-Fi and TV license. This makes moving into your new place so much easier and means you will never...
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Estate Agent Skills

Being a real estate agent isn’t easy but it’s not rocket science. It’s all about inculcating a bunch of skills and applying them to your profession. When you think of it like this, it seems easier doesn’t it? Here are a few skills that will help you become the best real estate agent wherever you go. Develop expert communication  Real estate dealings are mostly about communication. As a real estate agent, this is the most important skill you must possess. The other skills can be inculcated later during the course of your career, but communication has to be an endeavor from day one. It will help you to impress your buyers as well as sellers. It also establishes trust when you are able to elucidate your ideas clearly and coherently. Also, ensure that you have a fixed mode of communication with your clients. Your clients may need to get in...
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Party Wall Notices and how they can affect you

Planning for major changes to your property takes a great deal of time and effort, whether you are having a new kitchen installed or completely renovating a home. And whilst it can be easy for us to focus entirely on what is going to be created within the walls of the property, it is important not to forget of how the project affects others. Neighbours with whom you share a party wall are protected under the Party Wall etc Act 1996, and it is essential that you take it into account when you are planning any changes that could affect walls. It is essential, then, that you serve a Party Wall Notice and get consent from your neighbours. If this all sounds complicated, here we take a look at Party Wall Notices and what you need to know about them. What is a Party Wall Notice? Whenever you are interested...
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How to get into property

Like so many areas of investment, we only tend to hear about the successful property strategies with many preferring to “bury their dead at night”. We all do it; we all focus on the good times and the good returns while putting the disappointing investments to the back of our minds. So, when you strip away the emotion and focus on success how does somebody get into property for the first time? There is no shortcut to property investment success Whether you are look at technology, stock market investment or property investment, there are no shortcuts to success. It is no coincidence that the more successful investors are those who take a long-term approach, hold their nerve in the good times and the bad times and remain focused on their long-term goals. While there may be opportunities to take a short-term profit on property investment, movements tend to be gradual...
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