Author Archives: novumpro

Cost-effective Decorating Tips for Landlords

As a landlord, you know that your property is more likely to find a tenant if it’s in a good decorating condition. Scuffs and patches of mould will discourage most potential tenants. Therefore, it’s important to re-decorate your property after a tenant vacates or at least touch-up the areas that are the most exposed to […]

The Implications of the Mortgage Holidays

Mortgage holidays were first announced by the government in March 2020. The scheme has been extended and the deadline for applying is now 31 October 2020. Homeowners have been able to apply for mortgage payment holiday or reduced payments by extending the term of their loans. All in effort to relieve the financial consequences of […]

Low Water Pressure? You Can Troubleshoot It Yourself, Before Calling a Plumber!

You get into a shower after a long day hoping for a surge of steamy water but all you get is a mere dribble… How frustrating! Don’t fret, there are things you can do to improve your water pressure without having to hire a plumber. Check for Leaks Leaks are a common cause of low […]

Eviction Ban Extended by 2 Months

The government has announced an extension to a ban on evictions until 23 August 2020. The decision has been welcomed by many renters with gratitude and relief. On the other hand, a large number of landlords have been left alone to deal with antisocial behaviours at their properties as well as unpaid rent. Tenants The […]

Tenant Fees Act – From 1st June 2020 It Applies to All Tenancies

money

The Act The Tenant Fees Act was first introduced on 1st June 2019. It only applied to tenancies that started after that date and to renewals. Now, landlords and agents are being reminded that a year-long transition period for the tenant fees ban ends today. The Fees Prohibited fees include: Check-ins Check-outs Referencing Viewing Inventories […]

New Government Initiative to Help Buy a Home – The First Homes Scheme

The First Homes Scheme Housing Secretary Robert Jenrick announced a new housing scheme, The First Homes. This is an initiative to allow people buy homes at a discount. The eligible first-time buyers will be able to save on average around £100,000. New homeowners will be able to start their new journey through the scheme that […]

Your Guide to Electrical Inspections in Rental Property

Electrical testing rental properties

Is an electrical certificate mandatory in my rental property? We get asked this a lot and up until recently, the answer has always been no. Well, things are about to change! To help you through that change, we have written a simple guide to ensure you know your responsibilities. What are my responsibilities as a […]

How to Carry out Right to Rent Checks During the Coronavirus Pandemic

Temporary adjustments The government has published guidance on how to perform right to rent checks during the current pandemic outbreak. The rules governing these checks have been temporarily adjusted to help landlords stay safe. The new temporary changes come into force as of 30th March 2020. The adjustments are as follows: checks can now be […]

Tenants Start to Default on Rent Due to COVID-19 (Corona) Virus

Many landlords will face financial difficulty as a result of rent defaulting. Tenants all over the UK have already started to default on rent payments due to the coronavirus pandemic outbreak. There are around 5 million households across the UK who live in rented accommodation. And many landlords report they are already experiencing cases of […]