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When you become a member of the Property118 community you will be able to join in discussions and post comments below articles. Another major benefit is that you will receive notification of new articles within minutes of them being published. If you prefer not to receive these notifications you can turn them off from your member profile page. Every comment you leave on our forums will be linked to your member profile. The more comments you leave, the more exposure to your member profile :) Business sponsors can add more information to member profiles including contact details, picture, logo's, website links and links to other social networks. The Property118 mission is to facilitate the sharing of best practice amongst UK landlords and letting agents. The running of the website is funded entirely through sponsorships and donations. We need YOUR help! Most commercial organisations have a price for memberships and subscriptions but we thought we would do something a bit different. Only you can put a value on what you get out of Property118 and with that in mind we invite you to decide for yourself what Property118 is worth to you. If you are strapped for cash you are under no obligation to contribute anything. If you would prefer just to make a donation without becoming a member please click here


new build

Stigma of lending on New Builds is easing

26/11/2014

BM Solutions have changed policy and criteria for New Builds. The maximum Loan to Value now available on New Build houses and more importantly New Build Flats has increased from 65% to 75% LTV. 75% is the standard maximum LTV for BM Solutions and all products will now be made available to New Build houses… Read more

The Immigration act 2014

The Immigration Act 2014 and checking a tenant’s right to rent

25/11/2014

A pilot for introducing checking a tenant’s right to rent under the immigration act 2014 is being introduced in 5 areas as of 1st December. These pilot areas are Birmingham, Walsall, Sandwell, Dudley and Wolverhampton. Full roll out across the country is expected after a Government review of the pilot within 6 months. Under the… Read more

living room

Are living rooms becoming an endangered species in shared homes?

19/11/2014

16% of shared homes in the UK have no living room, according to a survey of more than 10,000 users of flat and house share site SpareRoom.co.uk. Just three years ago, only 10% of sharers lived in properties without living rooms. In London, where demand for rooms in flat and house shares is highest there… Read more

PrivateProsecutions.org

Hermay Ltd to be investigated

15/11/2014

A property investment fund operated by Hermay Ltd, claiming to have funds under management of £136 million and believed to be offering returns of 22% and upwards, is to be investigated following a complaint to PrivateProsecutions.org submitted by a Property118 reader.  A Google search revealed that others have raised concerns about Hermay Ltd. via the… Read more

Alex Caravello - Chairman of MKPLA

Milton Keynes Landlords Claim Second Victory Over Licensing Proposals

12/11/2014

Milton Keynes Private Landlords Association (MKPLA) is proud to announce that, during a meeting on 10 November, the Council’s Cabinet voted unanimously NOT to extend licensing of shared housing to smaller properties that are not currently within the scope of mandatory licensing established by the Housing Act 2004. MKPLA Chairman Alex Caravello said ……… “It’s… Read more

Tenancy referencing firm tells Theresa May of immigration checks concerns

Tenancy referencing firm tells Theresa May of immigration checks concerns

Home Secretary Theresa May has met with a tenancy referencing firm to hear concerns on the forthcoming immigration status checks which landlords or their agents will have to carry out.  FCC Paragon asked the minister to revisit the Government’s proposals ahead of its ‘Right to Rent’ pilot scheme, due to commence in the west midlands… Read more

Furnitue packs

Which room would you choose? Furniture packs cover their costs

03/11/2014

Furniture packs can make a real difference to any property, but they could also save you more than they cost and in effect pay for themselves. How much is you time worth? £10 per hour, £20 per hour or even £50 per hour or maybe more? Example, if you lived around a 30 minute drive… Read more

Chaps

Mortgage transactions on hold as Bank of England Chaps system fails today

20/10/2014

Currently UK mortgage borrowers are unable to complete on their house purchases as the Bank of England have found a routine maintenance problems that affects CHAPS (Clearing House Automated Payment System) payments. Managing director of CHAPS, Phil Kenworthy said: “CHAPS is currently unable to process payments. This is due to the Bank of England temporarily… Read more

The Silent Killer

Carbon Monoxide – The Silent Killer

16/10/2014

I’m sure you’re all already aware, but there’s a bit crack down at the moment on CO alarms and it’s currently up for discussion whether landlords should be providing these to tenants by law.  For those of you who don’t know, every year in the UK, more than 200 people go to hospital with suspected… Read more

tenancy reform

Scottish tenancy reform concerns

08/10/2014

The National Landlords Association (NLA) has expressed concerns over the Scottish Government’s consultation on tenancy reform. This is the first in-depth look at tenancy legislation for 25 years. The NLA is concerned that if implemented as proposed, there is a significant risk of undermining the private rented sector (PRS), and of exacerbating the housing crisis… Read more

efficiency standards

NLA call for extension on deadline for efficiency standards

04/09/2014

The National Landlords Association (NLA) has warned the Government to tread cautiously in introducing minimum energy efficiency standards in the private rented sector (PRS). The NLA has called for an extension to the deadline for rented properties to reach minimum energy efficiency standards after the shambles introducing Green Deal finance into the sector. The warning… Read more

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