New research has revealed the customer behaviours that tradespeople find most annoying, and being watched while they work tops the list. The study, conducted by IronmongeryDirect found that more than two in five (41%) tradespeople find it irritating when clients won’t leave them alone while working. Being constantly asked how they’re getting on is another […]

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers, will be presenting in person an overview of several landlord tax strategies at the pin Luton meeting Tuesday 28th June. The Luton pin Meeting has returned to its physical venue The Holiday Inn London-Luton Airport, Airport Way, Luton, LU2 9LF Hosted by James […]

The latest inflation figures released today by the Office of National Statistics indicate the Consumer Prices Index (CPI) rose by 9.1% in the 12 months to May 2022, up from 9.0% in April and monthly CPI increased by 0.7% in May 2022, compared with a rise of 0.6% in May 2021. Fortunately compared to the […]

Hi everyone, I am looking into short-term rentals and wondering if there is a way to handle/manage direct booking short-term rentals other than using Airbnb etc.? An example would be a short-term rental for a summer worker for between 2 & 3 months? An AST would be unsuitable and they wouldn’t pass referencing anyway as […]

I have received a letter today from a Letting Agent: “We have been in discussion with Liverpool Council regarding the issuing of licenses under their new Selective Licensing Scheme. We have had a number of applications rejected on the basis that the landlord is not the most appropriate person to hold the licence. Instead, the […]

My tenants, a family of about 4 years have absconded. They were 2 months in rent arrears, left the water on and there were other malicious damages. I am currently going through the Landlord Insurance claim. It is a very slow process and the Loss adjuster is requesting so much information including the confidential ones […]

Hello Property118’ers, I wish to add inflation-linked rent review clauses to my assured shorthold tenancy agreements moving forward. Can anyone provide a copy of the clauses used that would stand up in court if ever challenged? Would you use the Retail Price Index (RPI) or the Consumer Price Index (CPI) ? This now seems a […]

Interest Only Mortgages are great for property investors, but what happens when you’re simply too old to remortgage. In this episode of The Property Tax Show, I’m joined once again by Alex Norian, the tax specialist, from Property 118 to discuss how you can structure your property business to protect your legacy while continuing to […]

Hi, my name is Melissa Lawford and I’m the property correspondent at The Telegraph. The Government will be publishing its Renters Reform Bill white paper on Thursday and I’m keen to talk to landlords about how this will affect them. Particularly the plans to introduce a landlord register, abolish Section 21 evictions and give tenants […]

Sir, Paul Grover (letter, Jun 17; report, Jun 16) is mistaken that landlords forced to accept pets “will require much larger deposits”. The Tenant Fees Act 2019 prohibits deposits exceeding five weeks’ rent (or six weeks’ where the rent is £50,000 or more a year). A landlord taking a higher deposit faces a fine of […]

I have had an application that gives this detail (Spouse/Partner leave to remain) on the biometric card. I have asked for a share code from the prospective tenant. Looking this up on the government website it states: Apply as a partner or spouse To apply as a partner, you and your partner both need to […]

From today (Monday 20th June) Simon Zutshi is running his annual 5-day Property Magic Challenge. This is your opportunity to get a whole day of property training, at no cost, spread over 5 days, so that it can fit into your schedule. You will achieve more in one week than most investors achieve in a […]

Recession is looming around the corner. It’s an unavoidable topic, and smart landlords are reacting fast. A report by Propertymark found a massive spike in landlords getting out of the rental industry and that 53% of buy-to-let properties sold in March 2022 left the private rented sector (PRS) completely. Landlord Sales Agency, a company which […]

The cost of living crisis in the UK is raging. We have rampant inflation, rising interest rates, an impending recession & uncertainty over property prices! In this video, I’m going to lay out the strategy for property investors to hedge against this uncertainty and come out prosperous.

Hi all, I read on this site that some landlords use Process Servers. Can someone please explain how that works? I have two large outstanding debts from previous tenants who have long since been re-housed and according to their internet profiles they are both enjoying the life of riley one way or another. One is […]

I understand this scheme is still running as the details of the ECO4 have not come out yet. Does anyone know of an installer in the TQ Devon area I could contact, please? I am having difficulty securing one to survey some of my properties. DSR From ofgem >> Click here The Energy Company Obligation […]

Calculating the extra amount of interest you will pay as a result of the recent 0.25% interest rate rise isn’t exactly rocket science for some people. However, if numbers isn’t your thing and/or you would like to understand how the Bank of England decision will affect your cashflow and your tax position I’ve designed a […]

The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 6-3 to increase Bank Rate by 0.25% to 1.25%. Three dissenters voting on the MPC all wanted to raise the rate by 0.5%. The Bank expect growth to slow sharply in the near term and CPI inflation to average slightly over 10% […]

Shelter has responded to the Renters Reform Bill White Paper with Polly Neate, Chief Executive, saying: “The Renters’ Reform Bill is a gamechanger for England’s 11 million private renters. Scrapping unfair evictions will level the playing field. For the first time in a long time, tenants will be able to stand up to bad behaviour […]

The fairer private rented sector white paper has been published today (16 June 2022). Click Here Section 21 evictions will be outlawed. The Government’s claim is that more than a fifth of private renters who moved in 2019 and 2020 did not end their tenancy by choice, including 8% who were asked to leave by […]

Dear 118 members, I’m looking for some feedback/advice on selling a small property portfolio and would like to know how members have found the process. We have 6 flats, 1 house and a shop as well as the freeholds, all are tenanted with long-term tenants my first key question is does vacant possession make them […]