Hi everyone, I own a leasehold flat in a building (total 5 flats) and I also own a share of the freehold. We appointed a contractor via our managing agent to carry out major external works in the building including to the roof, electric writing, water pipes etc. This work was being overseen by a […]

Before you buy another investment property you need to understand this … The correct ownership structure is a vital ingredient to your success as a property investor. The following Case Study and explanatory notes explain why, by comparing a property private rental property business owner with a private hotelier. Let’s assume that both businesses own assets […]

Glasgow has the worst student accommodation shortage in the UK and needs an extra 22,000 beds to meet demand, a report by Savills reveals. It also says that Edinburgh is following closely behind with a need for an additional 17,000 beds. The high student population in Glasgow, with more than 77,000 students across its universities, […]

Hello, We have a small portfolio of properties and for various reasons, one of which is managed for the last five years, via a property agency, where the others are managed by ourselves. The tenant has been the same tenant over the same duration. Following this year’s inspection, the agency have reported that none of […]

This will help you get up to date with the current market opportunities. In this ever-changing UK property market, it’s really important to keep up to date with what’s happening In the first quarter of 2024, with soaring interest rates and high inflation affecting homeowners and investors, many are facing challenges meeting their mortgage repayments. […]

Amidst the hustle and bustle of our daily lives, it’s important not to overlook planning for the unexpected. It’s essential to protect our personal affairs and portfolio with measures such as Lasting Power of Attorney (LPA) Here at Property118, we have worked for over 15 years with award-winning legal service Heritage Wills which can help […]

Propertymark members in Wales have made their disapproval of rent controls clear after the Welsh government published a summary of responses to their Green Paper on housing. The government wants to improve housing affordability in Wales, and it received more than 300 responses to a consultation. It covered issues like rent costs, tenant behaviour, and […]

Hi, I wonder if anyone can help? I own a leasehold flat above a small retail shop. I have a mortgage on my leasehold flat. My dad owns the freehold of the property which includes my flat and the retail shop which the rent provides an income to him. He wants to transfer the freehold […]

The Bank of England (BoE) has kept interest rates at a 16-year high of 5.25%, as expected, in a bid to control inflation. With inflation nearing the bank’s target of 2% – it is currently at 3.2% – a rate cut is anticipated in the coming months. One member of the nine-person Monetary Policy Committee […]

Hi, all our twenty private management company shareholders are owners of their flats, and hold them on Leasehold Title Absolute. Collectively (as our company) we own our entire property on Freehold Title Absolute. The twenty shareholders are of equal status, each of us holding 200 shares in our property. Our governing legislation is the Companies […]

Propertymark is urging Scotland’s new First Minister, John Swinney, to prioritise ending the housing crisis after five Scottish councils declared a housing emergency and Mr Swinney blamed the UK government for budget cuts. The resignation of the previous First Minister, Humza Yousaf, has thrown the future of rent control into question. The Scottish Greens, who […]

Proving every property has its own unique flavour, Arcvelop Investor Group (AIG) scooped the Property Deal of the Year at the 2023 Property Investors Awards.  The conversion of a former rock sweet factory in Ramsgate saw the Arcvelop team transform the vacant 1800s factory into eight stunning modern apartments. Founded in 2020, Arcvelop Investor Group […]

Landlords are being offered greater flexibility with new product launches and reduced rates on existing deals by Fleet Mortgages. The buy to let mortgage specialist is offering two new five-year fixed-rate mortgages, both with a 65% loan-to-value (LTV) limit. Borrowers can choose a lower rate of 5.64% with a £1,999 fee or opt for a […]

Many buy to let landlords in the UK have adjusted their finances in the past 18 months to deal with rising costs, according to a new report. The research from Foundation Home Loans found that landlords are taking various steps to deal with growing overheads, including renegotiating mortgages, increasing rents and even selling properties. The […]

There has been a shift in London’s rental landscape, with renters increasingly looking beyond the city centre for cheaper options and better transport connections, data reveals. According to SpareRoom, which has analysed tenant search trends, there has been a surge in popularity for areas further out from central London – and this trend includes other […]

The latest RICS UK residential survey reveals a mixed picture for the UK housing market with the sales market showing tentative signs of recovery – while the lettings market is cooling down. It says that tenant demand is losing momentum, with respondents reporting a drop in new instructions from landlords. This lack of supply, coupled […]

Hi, I’m seeking advice on how to sell a house that currently has tenants. Last summer, I attempted to sell a property while it was still occupied by tenants on a rolling contract. Despite assuring them that we would provide plenty of notice and help them find alternative accommodation before finalising the sale, the tenant […]

A mortgage lender group is calling for a long-term housing minister to help provide stability to the housing market. The OSB group says affordability will remain a challenge for many prospective homes. In a new report, the lender group also reveals landlords plan to grow their portfolios. Merry-go-round of housing ministers Adrian Moloney, group intermediary […]

The UK’s renters are facing rents climbing at an alarming rate this year after they rose by 1.6% in just one month, marking the fourth consecutive rise, data reveals. The latest HomeLet rental index shows the average tenant is now paying an extra £21 per month compared to last month. However, the situation is even […]

Scotland’s rental market appears to be reaching a turning point as rent growth begins to slow down in major cities like Glasgow, which saw a record 3.5% annual increase. A report from Citylets highlights that the news coincides with the introduction of a new Housing (Scotland) Bill in the Scottish Parliament that proposes stricter rent […]

Hi, I’ve been really affected by s24 and mortgage rates and so need to replace income. I have an attached garage to my home and would like to turn it into Airbnb accommodation. I live near a major airport so the potential seems promising. I know it will need building regs but there are so […]