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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


Share offer has gone live to the general public

Share offer has gone live to the general public

27/04/2016

The share offer in LettingSupermarket.com has gone live to the general public via the Seedrs crowdfunding website. Please Click Here The crowdfunded share offer was restricted to Property118 members until now. Well over a hundred Property118 members completed the “Expression of Interest” form and I know that Chris Sheldon (Managing Director) has been busy talking… Read more

We go to court tomorrow – wish us Luck! (West Brom Tracker Case)

We go to court tomorrow – wish us Luck! (West Brom Tracker Case)

This could be a historic day for all Buy to Let Landlords! The case of MARK ROBERT ALEXANDER (as representative of the “Property 118 Action Group”) Claimant – and – WEST BROMWICH MORTGAGE COMPANY LTD Defendant will be at 10 am on Thursday 28th April 2016 at Royal Courts of Justice, Strand, City of Westminster,… Read more

Right to Rent rules may change

Right to Rent rules may change

21/04/2016

Right to Rent checks became a legal requirement for landlords to carry out on tenants from February this year. This controversial requirement has been seen by many landlords as an unnecessary extra responsibility carrying out checks that should be made by customs and immigration. However the RLA have reported that the Government is planning to… Read more

Equifax report BTL sales down 26% in March

Equifax report BTL sales down 26% in March

20/04/2016

The Credit reference agency Equifax have reported that Buy to Let sales were down in March by £1.04billion which equates to 26.2% month on month. This is rather surprisingly despite the predicted last minute rush for property investors to purchase before the 3% surcharge in stamp duty came into effect for second homes on the… Read more

Mortgage Express – Are they looking to break mortgage contracts?

Mortgage Express – Are they looking to break mortgage contracts?

05/04/2016

Mortgage Express have written to many landlords warning about a review of current interest rates and repayment types. The concern of readers is that Mortgage Express may be looking to break mortgage contracts on long standing tracker reversion rates in the same way the West Brom have done. The Property118 organised class action against West Brom… Read more

New custodial scheme launched by mydeposits

New custodial scheme launched by mydeposits

01/04/2016

mydeposits is delighted to announce the launch of its new government-authorised custodial tenancy deposit protection service in England and Wales today (1 April 2016). The scheme also unveils a new-look website and refreshed branding that’s been designed based on feedback from its members and tenants. Eddie Hooker, mydeposits CEO said, “Today is an important step… Read more

Tenants now have the right to request energy improvements

Tenants now have the right to request energy improvements

31/03/2016

From 1st April 2016, tenants have the right to request consent from their landlords to make energy-saving improvements for the properties they rent. Landlords will not be able to refuse their consent without good reason, but tenants will need to ensure that they have a way of funding improvements at no cost to the landlord, unless… Read more

Landlords purchasing in 13% of the country will pay stamp duty for the first time

Landlords purchasing in 13% of the country will pay stamp duty for the first time

A report by Lendinvest indicated that out of 105 post code areas 14 had and average house price below £125,000. This will mean that with the 3% surcharge on Stamp Duty for second properties below this figure coming into effect from the 1st of April that landlords looking to purchase in these areas will pay… Read more

Most common uses for Bridging Finance

Most common uses for Bridging Finance

30/03/2016

Bridging Finance is often the fastest and most flexible way of raising capital and the most commonly used purposes can be split into 3 categories.  1. A property is unsuitable for mortgage purposes Renovation: If a traditional mortgage would not be approved such as when a property has no bathroom or kitchen, a bridging loan… Read more

Bank of England Buy to Let affordability rules update

Bank of England Buy to Let affordability rules update

In an effort to stem the perceived risk of Buy to Let on the housing market, the Bank of England have imposed new guidelines on lenders to tighten underwriting standards that have slackened since the credit crisis. Although there are no hard and fast criteria rules the Bank of England want lenders to stress test… Read more

Private Housing Tenancies Scotland Bill 2015 – briefing document

Private Housing Tenancies Scotland Bill 2015 – briefing document

24/03/2016

The Scottish Association of Landlords (SAL) have prepared a briefing document on the provisions of the new legislation and the campaigns which took place around the bill which passed last week. This can be downloaded using the request form below. The Private Housing (Tenancies) (Scotland) Bill has now completed the three stages of the parliamentary… Read more

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