Hi everyone, I am a 1.5-year property owner who let the property out and ended in this sad situation. I wonder if any of you had experience with the CCJ or MCOL? I let out my property on June 2021 for 1 year with a guarantor, then renewed it for a new one for a break […]

After four months of house prices falling in the UK, Halifax says they have begun to stabilise. In its latest house price index, the lender says that the monthly price change between December and January was 0%. The average house price is now £281,684, down from last month’s average of £281,713. However, the average price […]

When I first started Property118 I tried to post a landlord or tenant-related joke or video once a week. My Uncle reminded me about this a while back and said he really enjoyed reading our newsletters because the fun parts cheered him up. So, as a thank you to my Uncle Bram and anybody else […]

Hello, My tenant has damaged the panel heater in a bedroom and it is now beyond repair. The quote is just under £700 to fully replace and fit and dispose of the old one. He has in the past been slow to pay for the call out charge when a contractor was pre-booked (twice) and […]

For the last few months Accountants have been focused on filing tax returns for their clients. It’s an annual sacrifice this profession makes, trading long hours and family time for mountains of paperwork and HMRC portals. Imagine feeling physically and mentally depleted and instead of being thanked for your hard work, your efforts are met […]

Paragon Bank’s range of buy to let mortgages has been boosted with four limited edition fixed rate products that include two 2-year and two 5-year products. They are all available at up to 75% loan-to-value. The rates on the 2-year products start at 4.80% when purchasing or remortgaging homes with EPC ratings of A-C, rising […]

Hello, my daughter part owns a rental property with me, but I have always been listed as the landlord on Tenancy agreements (she was a minor when the property was bought) My daughter wants to buy the property from me and move into it as her main home (she currently rents) and I served the […]

Hello, My tenant of 5 years recently ended up in hospital for 3 months. My building’s insurance stipulates that the property cannot be empty for more than 31 days in a row. The tenant’s family informed the agent what had happened, and a family member visited the property occasionally, however no-one was staying there. The […]

Santander is predicting a 10% drop in UK house prices this year – and they could return to 2021 levels.  According to the bank, the economic outlook for 2023 remains ‘serious’ with ‘stubbornly high inflation’. And, along with high household utility bills, rising interest rates and a likely recession, means a decline in house prices […]

Hello, My tenant’s 12 month tenancy ended over a week ago. One of them is still in situ. No more rent has been paid. On attending the property with my agent 3 weeks ago to allow a new prospective tenant to view , it became apparent all the locks had been changed. A section 21 […]

In a bid to show how serious the current rental housing crisis is, landlords are calling on the government to carry out a review on how the sector is taxed. The call has been made by the National Residential Landlords Association (NRLA) after a survey revealed that 65% of landlords say that tenant demand for […]

The following is a debate on Facebook with a “hater” who chose to troll our advertising. Ordinarily, I would simply have blocked this person and deleted his comments, but on this occasion, I decided to respond. My comments are posted in text whereas his are screenshots. My response … Phil Barnett good old Maggie also completely […]

Are you a landlord who is dealing with rising mortgage rates and higher costs? Then, Melissa Lawford, the economics reporter for the Telegraph would like to speak with you. Melissa would like to know:  How you are affected by lenders’ ICR requirements Have you been hit by higher rates? What are you doing to be […]

England’s house in multiple occupation (HMO) market is still shrinking despite a growing need for affordable rental accommodation, a survey reveals. The latest figures from Octane Capital show that the number of HMOs has shrunk dramatically by 21,000 properties in the last two years with landlords leaving the sector and tighter licensing regimes being potential […]

Hello, Due to dates/times not quite aligning, I will be moving into a new property midway through the rental period on my current rented property (rolling monthly contract, no arrears or issues). To save having to drive back and forward between properties to check on the empty rental and being liable for gas/electric/water, can I end […]

Landlords in most regions of England and Wales have seen their yields increase, a BTL survey reveals. Fleet Mortgages say that yields have enjoyed annual and quarterly increases from 5.9% a year ago, and 5.4% in Q3 2022 to 6.2%. The BTL lender highlights that six out of 10 regions enjoyed better annual rental yields, […]

Hello, I have a flat in a listed building which has a flat roof. The roof requires major works which the management committee have been planning for the past two years. All the leaseholders have paid £10K in advance for this work which keeps getting delayed. My flat is the worst affected as it is […]

Property taxes in Scotland have increased by nearly a quarter of a billion pounds in the last year, compared to the pre-pandemic period, says a leading property firm. DJ Alexander has analysed the figures and found that the Scottish Government’s revenues from Land and Buildings Transaction Tax (LBTT) were £247m (62.4%) higher in the 12 […]

It has nothing whatsoever to do with money! Due to having no mortgage on this property, Mark wasn’t at all affected by the Section 24 restrictions on finance cost relief or rising interest rates. As many Property118 Members will be aware, Mark Alexander emigrated to Malta back in 2016. What you may not know though […]

Hello, I wonder if you could answer this query please? I live in a mixed 14 flat block where some are ‘share of freehold’ and some are ‘leasehold’. There is a maintenance/service company in place to whom both groups pay annual charges and two Directors of the company (of freeholders). Only the leaseholders pay ground […]

We have a very special gift for you this Sunday, but you need to claim it now. Over the last two weeks, Simon Zutshi has been sharing what he thinks is the best strategy for the 2023 falling property market. Simon, is the only current UK property mentor, who was actually investing and teaching during […]