Page 414 – Property118

Renting out our main residence?

5th January 2022

We have a shared 25% ownership apartment with a mortgage in London which is currently our main residence, and we need to move to the Northwest for 1 or 2 years. We would need to rent out our London apartment for financial reasons during this period and would like to purchase a property in the […]

Don’t use the ‘L’ word

5th January 2022

The majority of the Buy to Let community say they would prefer not to be called “landlords”, according to research from mortgage intermediary Mortgages For Business. Some parts of the US media, including regional divisions of NBC, have reportedly stopped using the word “landlord” due to complaints from the community. When it came to the […]

A Conservative Government should restrict the purchase of Buy to Let properties?

31st December 2021

Writing in Conservativehome a former Conservative parish councillor, Sam Clark, argues for a more interventionist approach to the housing crisis by restricting BTL rather than encouraging large scale new developments. His fear is that Tory voters will perceive the government as wanting to concrete over their areas, and a vote for them will end up […]

2021 the strongest calendar year for house price growth since 2006

31st December 2021

The final Nationwide House Price Index of the year has ended on a high with the average price of a home now standing at £254,822 an increase of nearly £24,000 over 2021. Annual house price growth increased to 10.4%, from 10.0% in November, with 2021 being the strongest calendar year for house price growth since […]

Property Prices In 2022 With Simon Zutshi

31st December 2021

2021 has been a crazy time for UK Property Prices, but what is in store for 2022. Join me and special guest Simon Zutshi, as we debate our predictions for the Property Prices and recommend our preferred property investment strategies over the next year. Simon has also created a series of 3 brand new videos […]

Capital Gains Tax On Your Home?

30th December 2021

The Guardian is at it again! They’re suggesting Capital Gains Tax (CGT) on your own home, that’s what Andrew Roberts and I will be looking at in this episode of Property Breaking News. Please click on the video below:

Maidstone desperate for landlords with one-bed flats or studios

30th December 2021

Maidstone Borough Council has put out an urgent call looking for landlords with self-contained one bedroomed flats or studios to house residents in need across the borough. The council’s Housing First scheme provides full-dedicated support for landlords throughout the whole life of the tenancy as well as a £2,000 one-off incentive payment. The Council will […]

Do you remember offset mortgages?

30th December 2021

Hi all, Do you remember offset mortgages and in particular if they are still available on Buy to Let property? Has anyone taken one out recently, and how does it work for them? Was it worth the potential increased cost for a specialist product? Any feedback and advice would be gratefully received. David Editor Note: […]

Your Property Tax Advice For 2022

29th December 2021

Is Your Buy to Let (BTL) Property Business ready for 2022? In this video, I’m joined by leading property tax expert Mark Alexander from Property 118, to share crucial property tax advice for the new year to help ease the pain of section 24. Did you complete your tax return on Christmas or Boxing Day? […]

Flaw in the Tenancy Referencing Process?

29th December 2021

Being a newbie to the rental business, I employed an agent to find me a tenant plus full management of the property. The tenant has now done a ‘flit’ leaving behind all his furniture and unpaid utility bills. Having done some research on him, I have found out that he has substantial debts/CCJs and had […]

Letting agent fees query – 6 months management charge?

29th December 2021

Hello everyone, My question is If you pay/select full management for a letting agency for a year’s tenancy, but subsequently the tenant wants to stay on for a FURTHER year and do a new tenancy/renewal with the landlord rather than agency managing has anyone heard of the agency is it common practice/allowed to then charge […]

Can you remember why you first got into property?

24th December 2021

I suspect the reasons you first got into property investment were the same reasons as mine. One of the first property goals I set for myself back in 1989 was to borrow £1,000,000 to buy rental properties. When I achieved that I went on to repeat the process over and over and over. There were […]

Nightmare tenants – Aren’t they always?

23rd December 2021

Hi everyone, I’m new to the forum. I renovated my daughter’s house (Scotland ) which was uninhabited for some time and in poor repair. I footed the bill myself as she was unable to, and I didn’t want her mortgage free asset to deteriorate further. The cost was approx 20k. She consented to let the […]

EPC rating low but sticking to Planning Requirements?

23rd December 2021

I have just had an EPC done which refers to the single glazing as ‘very poor’ leading to a D rating overall despite the rest of the report showing Good or Very good in all the other areas. Planning requirements state I cannot change the windows, so what more can I do? I am keen […]

Form 17 vs Actual Equity Transfer?

23rd December 2021

Hello, My wife and I hold a rental property with 50:50 share, due to changes in our employment situation I want to transfer 90% of the income from the property to my wife. I understand I could achieve this by submitting a Form 17 and deed – which might cost me £200, worth of fees. […]

£4,000 Legal Claim for Damages – Advice Please

23rd December 2021

I have received a Solicitor’s Letter (No Claim No Fee Solicitors) sent on behalf of my ex-tenants claiming £4,000 in compensation, although the letter doesn’t say what the compensation is for. Although over the last year of the tenancy they were continually complaining that the property was in a state of disrepair. The letter states […]

Ministry of Housing, Communities & Local Government

£316 million for Homelessness Prevention Grant

22nd December 2021

Tens of thousands of people will be protected from homelessness as a result of a £316 million funding boost, announced by the Department for Levelling Up, Housing and Communities. The government’s Homelessness Prevention Grant will support households in England who are homeless or at risk of losing their home. Councils will use the funding to […]

What Next For The Property Market in 2022

22nd December 2021

2022 is just around the corner, and here’s what’s next for the UK property market. In this video, I deep dive into what will happen to the Property Market with plenty of examples and supporting evidence as well as what you can do as a savvy property entrepreneur to ensure you have a prosperous year […]

A national system of rent controls is a key aim of consultation

21st December 2021

The Scottish Government is consulting on the draft ‘A New Deal for Tenants’  to propose a rented sector strategy looking to improve accessibility, affordability choices and standards across the whole rented sector in Scotland. Click here It is looking at a phased implementation over the next five years. Patrick Harvie MSP Minister for Zero Carbon […]

Management Agent Overcharging from 2019?

21st December 2021

Dear All, I own a flat in a block of 6 flats and have been up-to-date with my service charge. Every so often, I get an extra fee called “balancing service charge” after which I had made payment for the annual service charge, normally about £180 extra each year. This year I have been sent […]