The Ultimate Resource for the UK's Private Rented Sector

Cautionary Tales

Mark Alexander

Mortgage Express / UKAR calling in instant remortgages

21/06/2015

I am aware of two Mortgage Express / UKAR borrowers who received a letter this weekend calling in their loans, an extract of the letters, which are both identical, can be found below. In both cases the properties had been purchased using instant remortgages, i.e. the property had been purchased for cash or with bridging… Read more

tenants cultivate cannabis

Landlords urged to be vigilant for tenants cultivating cannabis

11/06/2015

UK landlords are being warned to be vigilant towards tenants cultivating cannabis in their properties. Figures from the Office for National Statistics (ONS) revealed that police seized over 400,000 plants in the UK last year alone. The highest number of seizures were made by the Metropolitan police (59,002), followed by police in Wiltshire and the… Read more

Evicting tenants just to break a contract with a letting agent

Evicting tenants just to break a contract with a letting agent

16/07/2014

I was talking to Tony Sheldon at LettingSupermarket.com this morning about the increasing number of landlords who are being forced into evicting perfect tenants as the only way to get out of a contract they have with their letting agents.  Tony explained that he has conversations with landlords on a daily basis who are so… Read more

Man Hanging on a Scale While Another Man Fills Dish

Extortionate court fee increases will impact landlords

09/04/2014

Landlord Action has lambasted Government plans to increase court fees as “extortionate”.  The planned changes will take effect from 22nd April 2014, where fees for possession claims will see one of the largest increases at 60%, and could spark a stampede of possession cases in the next two weeks from landlords trying to beat the… Read more

Skipton Building Society Legal Action

Skipton Building Society Legal Action

02/04/2014

In 2010 the Skipton Building Society broke a promise to over 60,000 mortgage account holders.  The basis of that promise was that their mortgage rate would never exceed 3% over the Bank of England base rate – it did – CONSIDERABLY! The hike in monthly payments for a person with a £150,000 interest only mortgage… Read more

Mortgage Express UKAR LPA Recievership

Mortgage Express UKAR LPA Receivership

20/03/2014

It has come to our attention that Mortgage Express (now UKAR – UK Asset Resolution) have recently been appointing LPA receivers with no apparent justification. Previously we had heard of LPA receivers having been appointed where a borrower has died or where a landlord had fallen into arrears. In some cases the properties were sold for much… Read more

London Housing Solutions Rips off Landlords and LHA

London Housing Solutions Rips off Landlords and LHA

10/03/2014

This report from Channel 4 investigates London Housing Solutions, a Rent to Rent company which is believed to have ripped off over 100 landlords for more than £400,000.  Advice from Property118 is that if you are contemplating renting your property to a Rent to Rent company then make sure you ask them to use a… Read more

West Bromwich Building Society

Property118 Members vs West Bromwich Mortgage Company

03/03/2014

UPDATE – 31st March 2014 Since publishing this article our campaign has raised over £450,000 and legal action has now commenced. The official closing date for borrowers to be represented in this action was 28th March 2014. However, it may still be possible to be included in the representative action by paying additional fees to… Read more

Divorce Advice for Landlords

Divorce Advice for Landlords

04/11/2013

Divorce Advice for Landlords isn’t the cheeriest of subjects I’ve ever written about, however, this article was inspired by a lady who sent me a readers question article to consider and with whom I subsequently had a very long conversation with over the telephone. We agreed that I would not post her Readers Questions article,… Read more

Contra proferentem mortgage conditions

Contra proferentem mortgage conditions

09/10/2013

Unless you are a qualified contracts lawyer who has also studied Latin you will probably not have a clue as to how contra proferentem mortgage conditions affect you. I have spent the last two weeks getting my head around it as it was a key point in the barristers opinion for the Bank of Ireland… Read more

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