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Rent2Rent Property Investment

For many investors, the 'Rent-to-Rent' model is way to derive passive income from the property market with minimal investment capital. The premise of a Rent2Rent scheme is quite straightforward. Essentially, they come in 2 flavours: (1) Lease: The investor takes a tenancy from a property owner, commonly for 3-5 years, and then lets individual rooms to sub-tenants. (The properties are commonly large houses with at least 5 rooms; investors will often add to these by converting reception rooms int...

June 8, 2017

A picture says a thousand words...

They say "...a picture says a thousand words", and I believe it's true. You can't fake happiness and conversely, as some celebrities often find, it's difficult to take back some actions once they've been caught on picture or film! Today, we're pleased to show a number of new team photos on our website, showing Jamieson Alexander's ongoing commitment to not only building a team, but building a strong, professional and happy team - something our clients benefit from daily. Have a great week a...

March 28, 2017

The Great Property Trap?

The BBC has reported recently on unwitting purchasers of new build Leasehold Houses. According to the BBC News article major developers Bellway Homes and Taylor Wimpey (amongst others) have been selling some of their new build houses on 150 leases, with the purchasers having been poorly advised in respect of the same until after completion of the sale. Most worrying is the fact that the individuals in question do no seem to have been advised by their conveyancing solicitor prior to purchase of...

February 10, 2017

Do you Let out property through Air BnB? Are you in breach of your Lease?

A recent Upper Tribunal (Lands Chamber) decision has held that an owner of residential leasehold property that rented the property out on the Air BnB website was in breach of the terms of their lease. A leaseholder of a flat in Enfield, Middlesex recently lost her appeal to overturn an earlier decision by the First Tier Tribunal in which they held that by her advertising on the internet the property for short term lettings, she was in breach of a restriction in her lease to use the prope...

November 3, 2016

Welcome to the newest member of the team...

We have had a few new team members recently (more about them later...) but it is with great pleasure that we welcome the newest addition to the Jamieson Alexander extended family: Master Eli James Colenutt was born today at 01:40. All our congratulations and very best wishes go out to Ben and Rachel – both she and Eli are doing well, and we are sure they will be very happy. We are sure you will join with us in wishing them well. ...

May 12, 2016

Absent Freeholders - what can you do?

If you own leasehold property and your Freeholder is failing to maintain or insure it, you are putting your investment at risk. If your lease is shorter than 90 years you should be thinking about obtaining a Lease Extension in the next few years to avoid it dropping below the threshold for marriage value of 80 years, but if the Freeholder is absent you might not know where to begin with the process. ...

May 6, 2016

Court fees increase - again

Today, 21 March 2016 the fees payable for Possession claims and general applications including divorce proceedings in Courts in England and Wales have risen, with very little in the way of notice being given by the Courts. In some cases Court fees have risen by 100%; applications by consent now attract a fee of £100.00, up from £50.00 if they were filed with the Court last week. An increase in the issue fee for a claim for possession in the County Court has risen from £280.00 to £35...

March 21, 2016

Bad block management?

I am often approached by clients who own residential leasehold properties flats which are in blocks that are being poorly managed. More often than not the failure to repair and maintain the block is having a negative impact on the value of the individual flats, and it is also common for the failure to regularly repair to cost the leaseholders more in the long run as poor maintenance increases the cost of repair works when they are finally carried out. It is important in such situations ...

January 11, 2016

A Fox(tons) in the headlights...

In the late 2000's the High Court upheld a decision of the regulator from 2008 and found in favour of the Office of Fair Trading that Foxtons' letting terms were unfair to Landlord customers, and Foxtons went on to re-write their lettings terms removing the unfair terms as far as necessary. More recently it would seem that Foxtons have upset a client, and that particular client happened to be a Lecturer at King's College London. Dr Chris Townley now lectures in Law, having previously ...

June 30, 2015

Employment Contracts - Are yours up to date?

If you are an Employer employing staff in England or Wales you are no doubt aware that you must provide all of your Employees with written terms of employment, or you'll be in breach of Section 1 of the Employment Rights Act 1996 (ERA). But whilst a written statement of terms of employment which complies with section 1 of ERA may satisfy the minimum legislative requirement on an Employer, it does little to protect the Employer or assist them in managing Employees generally. Whether the...

June 18, 2015

Court Fees increase – limiting access to Justice?

From 9 March 2015, in a move opposed by the Law Society and the majority of legal practitioners in England and Wales, the Court fees payable on the issue of Civil Court proceedings were increased significantly, by as much as 600%. In England and Wales if you wish to sue another party in the Court you would issue a claim in either the County Court or the High Court for the amount of money you believe you are owed together with any interest accrued. Before 9 March 2015 the Issue Fee pa...

June 9, 2015

Managing Tenant risk, and acting quickly

Even with the utmost due diligence at the outset, Landlords can find themselves with tenants that default on rent, or damage their property, or otherwise cause an intolerable nuisance. It is essential in mitigating the loss suffered by Landlords in such circumstances that good ground work and swift action is taken. By groundwork of course I mean ensuring that a formal comprehensive tenancy agreement is prepared at the outset of the tenancy and entered into by all parties in occupatio...

June 3, 2015

Letting Agents’ fees and Consumer rights – changes are here…

As of 27 May 2015 Lettings Agents in England are under a statutory duty to publicise the fees they charge. The Consumer Rights Act 2015 imposes on all Lettings Agents in England a requirement to display prominently both in their office and on their website a detailed list of the fees that they charge, including detailing whether those charges are per person or per property.The fees displayed should include any applicable VAT. If the fee is not determinable in advance, for instance beca...

May 29, 2015

Good tenants are like gold dust – Bad tenants can cost you a lot more than lost rent

Here at Jamieson Alexander we get terribly upset when clients come to us whose residential tenants have stopped paying their rent and as a consequence our clients are facing repossession by their mortgagees. All too often we hear of the investor new to the rental property market that's spent years saving up a deposit for a buy to let property, only to have their very first tenants default on the rent in the first few months. It is unwise to let mortgaged residential property out unle...

May 23, 2015

I'm going to purchase a buy-to-let property – renting property is easy right?

Renting out investment property could provide you with a decent return for your investment compared to the rates of interest available in banks and building societies today.Indeed the decent income combined with the capital growth that the property market has seen in recent years has lured many more people to consider investing in property that previously have not done so. But investors must be cautious; as with any investment there are risks, and letting property carries its fair share o...

May 15, 2015

The Right to Manage – is it right for me?

Do you own a leasehold flat in a block that's poorly managed or managed in such a manner that you are forced to pay the managing agents many hundreds or thousands of pounds a year in service charges? If the answer is yes, you may have considered taking steps to enfranchise the Freehold collectively, but enfranchisement can be an expensive option, particularly if there is no need to extend the leases and the Leaseholders' main aim is to take control of the management of the block....

May 8, 2015

Enfranchisement - the basics

Many Leaseholders have at the back of their mind the vague knowledge that they are able to force their Freeholder to sell the freehold of their block of flats to them. As long as certain criteria are met this is correct, and it is known as Freehold Enfranchisement. If you are a long Leaseholder (your lease was for more than 21 years when first granted) of a residential flat in a block of 2 or more flats then you along with your fellow flat owners have the right, subject to certain limited excep...

April 28, 2015

Lease extensions – But I own my leasehold property right?

Many flat owners overlook the nature of their ownership, they simply assume or in some cases believe that the flat is theirs outright. It's not just flats that are held on long leases, some houses are too, for various reasons. Owners of leasehold property often believe that as they have paid the market value for their home or an investment property then that's that, they can sit back and watch the property market rise and their investment in the property increase in value. Caution is advised...

April 22, 2015

Jamieson Alexander's growing team 'go Ape'!

This was taken at last weekend's first JA team-building day in the New Forest - a fantastic day had by all, including a solid appearance the elusive English sunshine! We're very proud to introduce the newest member of the team, Ben Colenutt, who started on 13 April and to formally welcome Mark Fugett, our Client Manager who has now been with us for nearly 3 months! How time flies. See our team for more details. New photos coming soon......

April 20, 2015 Posts 1-19 of 19 | Page
 

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