Others have already mentioned the requirement for permission from the management company and from the mortgage lender (who incidentally will most likely decline). You would also need specialist insurance. However, as the property is in London you also need to...
If the rent is already at market rent level then no you shouldn't try to increase it. If it is currently below market rent then I would suggest increasing it at the next rent review date.
"Review both product transfer and remortgage options 6–12 months before expiry" - how are you going to know your PT options 6-12 mths before expiry? Normally you don't given those till 3-4 mths before, surely?
Reply to the comment left by Mark Alexander - Founder of Property118 at 27/11/2025 - 11:31Thanks Mark, that's a very valid point about the interest cover ratios being more lenient, which helps with the loan amount offered. However my experience...
Mark, I think you left out one important consideration, namely the mortgage interest rate, which is likely to be around 1% higher for a limited company landlord than a personal landlord. This would make a significant difference to your net...
It sounds a lot but no mention of inflation – this must make a difference to your calculations? Plus as someone else has referred to – house price increases in the 70's and 80's were largely linked to the increased...
It's a matter of shopping around. When you factor the fees into the "effective rate" you sometimes get interesting results. I was quite happy to pay a 5% fee to my lender for a 5-year fixed rate as the net...
I had a similar dilemma three years ago when refurbishing a rental flat. The old storage heaters would have given me a higher EPC but are not popular with tenants, being unsightly and fiddly to control, and also of less...
p.s. I have also had standing charges cancelled where I could show that there was zero use. However if there is even a slight use the standing charges would usually apply.
The invoices/bills can't be enforced without meter readings. Call up the suppliers, who may not be aware of the relevant facts (invoices are often auto-generated). Ask them to confirm any meter readings, and take it from there... In my experience...
Personally I try to avoid annual renewal fees as they are a bit of a rip-off if the tenant is already in situ and no work required by the agent. Check the T&C's of your agent agreement, as some clauses...
Depends on your lifestyle, but if you are busy doing other things (job/travel etc.) then you really want an agent, who as well as managing day-to-day issues with the tenant will also be up-to-date with all the changes in the...
Presumably Adam and Dianne have informed TMW they are running their properties as SA's? Last time I checked TMW regard running SA's as business use therefore not permitted under their mortgage terms, which only allow vanilla BTL's.
28th April 2026, 2 weeks ago
Others have already mentioned the requirement for permission from the management company and from the mortgage lender (who incidentally will most likely decline). You would also need specialist insurance. However, as the property is in London you also need to...
Read More →18th March 2026, 2 months ago
If the rent is already at market rent level then no you shouldn't try to increase it. If it is currently below market rent then I would suggest increasing it at the next rent review date.
Read More →19th January 2026, 4 months ago
"Review both product transfer and remortgage options 6–12 months before expiry" - how are you going to know your PT options 6-12 mths before expiry? Normally you don't given those till 3-4 mths before, surely?
Read More →Reply to comment left by Mark Alexander at 27/11/2025 - 11:31
Reply to the comment left by Mark Alexander - Founder of Property118 at 27/11/2025 - 11:31Thanks Mark, that's a very valid point about the interest cover ratios being more lenient, which helps with the loan amount offered. However my experience...
Read More →28th November 2025, 6 months ago
Sounds like your tenant got her plumbing sorted already.
Read More →27th November 2025, 6 months ago
Mark, I think you left out one important consideration, namely the mortgage interest rate, which is likely to be around 1% higher for a limited company landlord than a personal landlord. This would make a significant difference to your net...
Read More →22nd September 2025, 8 months ago
It sounds a lot but no mention of inflation – this must make a difference to your calculations? Plus as someone else has referred to – house price increases in the 70's and 80's were largely linked to the increased...
Read More →28th April 2025, 1 year ago
How is this increase in the supply of rental properties "sparking a sharp rise in rents"? Do the usual laws of supply and demand not apply here?
Read More →17th January 2025, 1 year ago
Don't know if it's just me but the sound on this video is just a recording of Beethoven's Moonlight Sonata - can you please fix!
Read More →18th October 2024, 2 years ago
It's a matter of shopping around. When you factor the fees into the "effective rate" you sometimes get interesting results. I was quite happy to pay a 5% fee to my lender for a 5-year fixed rate as the net...
Read More →15th October 2024, 2 years ago
I had a similar dilemma three years ago when refurbishing a rental flat. The old storage heaters would have given me a higher EPC but are not popular with tenants, being unsightly and fiddly to control, and also of less...
Read More →19th July 2024, 2 years ago
p.s. I have also had standing charges cancelled where I could show that there was zero use. However if there is even a slight use the standing charges would usually apply.
Read More →19th July 2024, 2 years ago
The invoices/bills can't be enforced without meter readings. Call up the suppliers, who may not be aware of the relevant facts (invoices are often auto-generated). Ask them to confirm any meter readings, and take it from there... In my experience...
Read More →15th July 2024, 2 years ago
Personally I try to avoid annual renewal fees as they are a bit of a rip-off if the tenant is already in situ and no work required by the agent. Check the T&C's of your agent agreement, as some clauses...
Read More →18th June 2024, 2 years ago
Depends on your lifestyle, but if you are busy doing other things (job/travel etc.) then you really want an agent, who as well as managing day-to-day issues with the tenant will also be up-to-date with all the changes in the...
Read More →8th March 2024, 2 years ago
Presumably Adam and Dianne have informed TMW they are running their properties as SA's? Last time I checked TMW regard running SA's as business use therefore not permitted under their mortgage terms, which only allow vanilla BTL's.
Read More →