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evicted

Why Councils advise tenants to remain in property until eviction

24/11/2014

In the last few years I have had several meetings with various Councils across the UK regarding their stance on tenants that are due to be evicted. In almost all circumstances, the Council’s advice is that despite the granting of an order for possession and a possession date coming and going the tenant should remain… Read more

Selective Licensing Consultations

Selective Licensing Consultations

23/11/2014

Each time a new selective licensing consultation period begins in another local authority area we receive another post from another disgruntled landlord. From now on, proposed articles regarding all new Selective Licensing Consultations will be directed to this discussion thread. It appears that landlords seem to bury their heads in the sand and don’t tackle… Read more

Too much equity - best way to increase income

Too much equity – best way to increase income

We (husband and I) currently own two let properties.  One is worth around £170,000 – with no mortgage on it – currently let for £675 per month gross. The second is worth around £160,000 with a £63,000 interest only mortgage – repayable in about 10 years and lets for £560 per month. Both sets of… Read more

Releasing equity from my home to start a BTL portfolio

Releasing equity from my home to start a BTL portfolio

I have a property (my main residence) that is currently valued at about £200,000, and I hope to own it outright in less than five years (barring any disasters!). Thereafter, I hope to release some equity from the property in order to invest in property and “work my asset” – the only thing is I… Read more

Questions on the lease extension and ground rent increase

Questions on the lease extension and ground rent increase

First post here but I’ve been reading for a while and this is a great resource.  I’m nearing the end of my first BTL purchase of a flat but there are a few things to be finalised with the solicitor…. We put an offer in on the flat knowing that the lease was being extended… Read more

Tenant Has 3 Kids In One Room

Over-crowding issue – Tenant Has 3 Kids In One Room

I have a tenant who has been renting one room from me since September, she had one kid who is aged under 4 living with her… which I knew about. In the last 3 days I have seen two more kids in the house. I presumed they were her guests or something (visiting), so I… Read more

I warned you

LANDLORDS – You Were Warned!

21/11/2014

On 30th October this year I wrote a blog entitled “Is your MP a landlords champion?” you can read it HERE I asked all Property118 members to send a letter similar to mine to their MP and gave you a link to make it very easy to find your MP’s contact details using just your… Read more

Let Someone Else Pay Your IHT Bill

Let Someone Else Pay Your IHT Bill

Nothing gets people steamed up quite like Inheritance Tax. The mantra goes something like this: paid tax on earnings, on savings, on gains, on purchases and now they want to tax me after I die!!!! Not blooming likely if I can help it!  And so it all starts, but what is the best way for… Read more

Newbie Landlord wanting thought's and advice on my plan

Newbie Landlord wanting thought’s and advice on my plan

I’m picking the keys up to my first ever property today which is hopefully the first of many in my BTL portfolio.  I’m 23 and have just purchased a 3 bed recently refurbished terraced house near to where I live with my parents. I have been wanting to start my portfolio for a few years…. Read more

Obtaining money by deception

Obtaining money by deception

I rented out my property and was unaware I needed to tell my mortgage company. Since renting it out my relationship has broken down and I became a single mother of my 2 children, having to pay rent alone on the property I lived in of £900 per month. I also got made redundant so… Read more

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