Property118.com

Negotiating with estate agents

Mark Alexander — Wed, 22 May 2013 12:59:30 +0000

Over the last few days a newbie property investor called Craig has been picking the brains of myself and Mary Latham by email. Yesterday we got talking about negotiating with estate agents and the advice we shared with Craig is well worth sharing here so that others can benefit from it too in my opinion.... Read more

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Bank of England report good news for a change

Neil Patterson — Wed, 22 May 2013 12:17:42 +0000

I have been attending the Bank of England quarterly seminars since 2007 and was completely flummoxed by the opening statements reporting good news for a change. They are confidently predicting consistent growth for the first time in a long while of 0.5% on GDP per quarter for the next year. This is however with the... Read more

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Can I stop repossession with a lease option offer?

Readers Question — Wed, 22 May 2013 06:57:00 +0000

I need some advice on stopping a repossession for a motivated seller with a view to getting the property on an option. Property is listed as a 3 bed but has been converted to a 4 bed. £285000 on an interest only mortgage + £17000 in arrears. 4 beds in this area range from £330000-£400000.... Read more

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The Ombudsman has ruled, fair or not, you decide ….

Readers Question — Tue, 21 May 2013 17:28:08 +0000

I previously posted information about a problem Estate Agent who had let my property in Dover to a family on DSS with 7 children contrary to my instructions of no DSS tenants and no pets. I was very specific about my requirements due to a nightmare and costly experience with a previous tenant on DSS who trashed... Read more

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Harry Oatten – Words of Wisdom from a landlord of 50 years

Mark Alexander — Tue, 21 May 2013 15:36:05 +0000

Thank you to Vanessa from Property Tribes TV for allowing me to share these Words of Wisdom from Harry Oatten, a landlord with 50 years experience. This video was recorded at the Welsh Landlords Day on 20th May where the youngest landlord was 21 years of age and the oldest was 80. I particularly enjoyed Harry’s... Read more

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Simon Benstead of Topservice Refurbishments Ltd Great Dunmow

Property 118 — Tue, 21 May 2013 12:23:16 +0000

Simon Benstead of Topservice Refurbishments Ltd Great Dunmow I am a Landlord and support The Good Landlords campaign Send an email to Simon To become a member of The GOOD Landlords Campaign please CLICK HERE

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The latest on the BOI Tracker rate scandal

Property118.com News Team — Tue, 21 May 2013 08:29:38 +0000

Bank of Ireland issued the following press release and wrote to 1,200 borrowers today:- “In February this year Bank of Ireland UK wrote to 13,500 mortgage customers to advise that their base rate tracking differential would increase on 1st May. This increase is permitted by a specific clause in these mortgage contracts, which allows an... Read more

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Capita enter Tenancy Deposit Protection Price War

Mark Alexander — Tue, 21 May 2013 08:15:22 +0000

If you didn’t already know, there are now four Deposit Protection providers in England and Wales and between them they have seven schemes, all with different rules! The new kids on the block are a corporate giant called Capita, a FTSE 100 company. You may not have heard of them before as they generally service... Read more

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Landlord being repossessed for mortgage arrears – what rights does the tenant have?

Readers Question — Tue, 21 May 2013 07:25:51 +0000

I stumbled across one of your articles outlining Squatters rights. I hoped you might be able to assist me in a current quandary I face. I am a tenant, I have paid my landlord on time, every month, for the last 5 years. I have just discovered that he has not been paying his mortgage... Read more

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Smoke drift between flats

Readers Question — Tue, 21 May 2013 07:10:01 +0000

I am aware of a potential dispute regarding smoke drift between flats. The block in question comprises 24 flats in three blocks. One of the leaseholders on the first floor has recently taken up smoking. The resident on the second floor immediately above has lodged a formal complaint with the managing agents citing intolerable levels... Read more

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Rent increase – your thoughts on this idea please

Readers Question — Tue, 21 May 2013 06:54:10 +0000

I normally only increase the rent when I have tenants move out of the property and new tenants move in. However, over the last few years I have noticed tenants remaining longer and longer. I have a tenant that is now running behind with the rent and the rent is quite low for the style... Read more

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What to do about Tenants with Rent Arrears

Property 118 — Mon, 20 May 2013 16:03:07 +0000

Watch this video and learn the solution you need to deal with rent arrears in just 60 seconds. Then simply complete the form below

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Laurie Hughes of Fameport Ltd Swansea

Property 118 — Mon, 20 May 2013 10:42:24 +0000

Laurie Hughes of Fameport Ltd Swansea I have been a landlord for over 10 years and am a member of the NLA. I am a professional landlord specialising in student HMO properties. We offer high quality accommodation close to Swansea University. We take maintenance seriously and employ a local full time property manager who promptly... Read more

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Moving Tenant left house in a mess, how much should I deduct from her deposit

Readers Question — Sun, 19 May 2013 08:40:13 +0000

I rented out my house just over 5 months ago to a Tenant who actually begged me to rent to her since her family lives on same street. I agreed on compassionate grounds since she was a single mother with 3 children. Got her to pay deposit after she and her guarantor failed credit check.... Read more

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Problems dealing with utility companies when the students leave?

Readers Question — Sun, 19 May 2013 08:33:08 +0000

Every summer I have to sort out the new names and contact details for my 120 plus students in all my HMO properties for the Gas, Water and Electric. Council tax is pretty easy as the University send these across to the council automatically. The process I go through is checking who the utility provider... Read more

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Do you trust the Financial Conduct Authority with your personal data?

Property 118 — Thu, 16 May 2013 18:30:15 +0000

The Financial Conduct Authority (FCA), partially taken over from the FSA, is to collect the personal information from mortgage applications for use by its policy risk and research division to monitor the lending of banks. This raises serious Data Protection act questions and we are also asked to trust another body Phoenixed out of the... Read more

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Help! – My Letting Agent didn’t tell the Council I was renting to students

Readers Question — Thu, 16 May 2013 15:15:37 +0000

My house is rented to students and is managed by a letting agent. Now as we know, students are generally excepted from Council Tax. However, neither my tenants nor my managing agents appear to have informed the council. I have now received a summons. Please let me know what I should do in this situation. Thanks in... Read more

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Landlords Life Insurance Calculator

Mark Alexander — Thu, 16 May 2013 11:03:11 +0000

What is the minimum amount of Landlords Life Insurance we really ought to purchase? I suspect the reason most property investors choose not to purchase Landlords Life Insurance is cost. For example, if you are 40+ years of age and your buy to let mortgages balances are £1 million plus the premiums can appear to be very... Read more

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SAFEagent Awareness Week 2013

Property118.com News Team — Thu, 16 May 2013 08:22:22 +0000

This week is SAFEagent awareness week. Property118 has supported SAFEagent since its inception just two years ago. The concept is very simple, a Letting Agent displaying a current SAFEagent badge has purchased client money protection and is also a member of one of the 5 best recognised professional bodies in the UK Letting Industry. What this means... Read more

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Christine Price of Chelmsford

Property 118 — Thu, 16 May 2013 07:27:23 +0000

Christine Price of Chelmsford I am a Landlord and currently let out a 10th floor studio flat in Salford, a 2 bedroom ground floor flat in Hull and a 2 bedroom ground floor flat in Bletchley (Milton Keynes), using letting agents local for the properties. The studio flat is fully furnished in a block with... Read more

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