Landlords News & Views

Latest Articles propose a readers question or article

Property118 Action Group Latest Campaign Updates

27/09/2016

We now have 169 fully paid up lifetime members and a further 125 members contributing £10 a month to fund our ongoing campaigns We have released a “No Nonsense Guide To Landlord Tax” which consolidates many of the discussions and strategies shared on Property118 since the Summer 2015 Budget – details HERE Bank of Ireland legal… Read more

Legal responsibility – N Power or Landlord?

27/09/2016

A tenant vacates a property and both the tenant and managing agent provided final meter readings to the utility company to terminate the supply of electricity and gas. However, N Power fails to terminate the utility supply. The property is then empty for 9 months with the service still connected and at the end of… Read more

£1million spent on Travel Lodge accommodation in PRS perfect storm

27/09/2016

It has been reported that Peterborough Council have spent over £1million to house families in Travel Lodges since April This year. This is due to an increase in Homelessness in Peterborough from an average of 98 people per month to 150 in August. The Council is blaming this increase on the role out of Universal… Read more

Overcharging to tighten nut?

27/09/2016

I asked a plumber I have used before to check a leaking radiator at my tenants house as soon as he could. Four days later he turned up, tightened the valve connection and left, 2 minutes maximum my tenant tells me. I have now received his invoice for £90 to “tighten a nut”. Should I… Read more

Landlord Action to feature in third series of Channel Five’s ‘Nightmare Tenants Slum Landlords’

27/09/2016

Following the success of the first two series, Channel 5 has commissioned a third series of ‘Nightmare Tenants, Slum Landlords’, with Landlord Action as one of the leading tenant eviction firms featuring throughout the twelve-part series. As rents spiral ever upwards due to continuing pressure on housing stock, the dramatic observational documentary will continue to… Read more

No Nonsense Tax Advice For Landlords

26/09/2016

Section 24 Tax Problems – Will your mortgage interest payments be taxed? The following breaks down, into three easy sections, the important questions of whether your mortgage interest payments will be taxed from 2017 onward, and if so what you can do about it. Identify the size of the PROBLEM, if indeed there is one at all What… Read more

The Maluka Thanks George Osborne

26/09/2016

The following appeared this weekend in the comments section of an article published on the Conservative Home website:- I am The Maluka. I am a rich landlord without a mortgage (I had to look up ‘mortgage’ on Wikipedia for the word was not in my vocabulary). Currently I house many, more than 100, DWP tenants… Read more

The Irish Experience – an apology

26/09/2016

We at Property118 have often pointed out that the Irish government disallowed finance costs between April 1998 and December 2001, and the average rent rose by almost 50% from 600 Euros to almost 900 Euros. We inadvertently gave the impression that this measure affected existing loans, and was retroactive. Having found the TAX BRIEFING from… Read more

First HMO property but what about the future?

26/09/2016

I’m in the process of purchasing my first HMO property and need some advice on purchasing in my sole name, or through an SPV company as I understand the interest relief will soon be gone for sole investors along with other changes. What if the same reliefs get changed for limited and SPV companies? Or… Read more

Tenant threatening legal action after cleaning bill?

26/09/2016

My tenants of 3 years moved out and did not clean the property thoroughly after moving out. I called in the cleaners including the carpet and paid £80, which I said will deduct from the deposit, as there were stains, rubbish under the bed etc. The lead tenant was not happy with this and said… Read more