Hello fellow P118’s – I wonder, can anybody help with a thorny little problem that we have? We need to refinance a modest (just over £500K) mortgage for a small office building that we own as a part of our pension. The current LTV is less than 60%. Kicker #1 is that this loan is […]

Hi, I own a rental property with a friend. The investment is 50/50. The property and the mortgage are in my sole name, everything goes through a joint bank account in both our names. We have a “Deed of Trust” between ourselves, but is there anything else we can use so that my friend can […]

6 Buy To Let Tax Loopholes you should be taking advantage of in your property business. In this video, Mark Alexander, from Property 118, and I break down 6 rules of the game to help mitigate your property tax and Section 24 costs. Please click on the video below:

Hi, My tenant’s UK work permit visa expired a few months ago, and I’m conducting a following up Right to Rent check. The tenant has been chasing an application to renew the work permit Visa with the Home Office for a number of months now, without any results. The question is: How and what can […]

The latest Halifax House price index has indicated annual house price inflation has increased from last month to 7.4%, up from 7.2% with the average UK property price now at a record £267,587. Wales and Scotland have continued to outperform the UK average Russell Galley, Managing Director, Halifax, said: “UK house prices rose by 1.7% […]

Getting rid of a residential tenant, for whatever reason, has been subject to special rules under the coronavirus crisis but from October 1st, these rules revert back to what they were pre-covid. Join Paul Shamplina, from Channel 5’s ‘Nightmare tenants & Slum Landlords’ and Landlord Action, and me as we get the lowdown on what […]

Today the Government will go ahead with a planned cut to Universal Credit of £20 per week. The level of welfare support had been increased in light of the impact of the pandemic on household incomes. With rent arrears at historically high levels, the NRLA’s view is that this cut will significantly worsen the levels […]

Dear All, I am a leaseholder in a large building, and pay my half-yearly service charges on receipt of emailed invoices from the managing agent. Out of blue, I received an emailed bill this September from a debt collections law firm, demanding legal costs/late fees of £2,593 on top of ‘unpaid’ July service charge invoice […]

For the majority of my properties I use my own Tenancy Agreement (TA), established over time with updates as and when (mostly when issues have occurred with a previous tenant and to stop the potential for similar things happening again). I ensure no prohibited fees are listed etc and use many of the standard clauses. […]

Landlords who fail to protect tenancy deposits and to serve Prescribed Information Forms correctly may be liable for a penalty. The minimum that can be ordered for each breach is one times the amount of the deposit and the maximum is three times. It is a harsh penalty if the only “offence” is to be […]

I currently have a small portfolio with my partner as a partnership. We are just under the threshold for section 24 as my partner only works part-time. I’ve just agreed on a sale for our next property in cash and after a full renovation was going to refinance it with a buy to let mortgage. […]

Hi, I am looking to purchase a new Buy to Let investment property. However, I would like to make the purchase of the property inside a newly created Limited Liability Partnership (LLP)  i.e. I am not transferring an existing property to the LLP. What does everyone recommend as the easiest way to do this? Do […]

In response to the recent change in renting law, UK Muslim Charity, National Zakat Foundation (NZF), are introducing a Covid recovery scheme to support those at risk of eviction. The charity which collects Zakat, an obligatory payment in the Islamic faith of 2.5% of annual qualifying wealth which is then distributed back into the Muslim […]

£1.1 Million Profit From One Property Deal, but which Property Angel will fund it? Join Xuan Meng as she pitches her project on the hit Sky show Property Elevator. In this project, Xuan is looking to exploit the new permitted development rules which allow commercial premises to be converted to residential use under a light […]

Research by Barrows and Forrester, has revealed that rental demand has continued to climb across the vast majority of major UK cities during Q3, as a slow but steady return to the workplace, amongst other things, spurs a greater demand for rental homes within major urban areas. The Barrows and Forrester Rental Demand Index monitors […]

Department for Levelling Up, Housing & Communities has updated its guide to Understanding the possession action process for private landlords in England and Wales: Click Here This guide will help you to understand what rights and responsibilities you have as a landlord when you need to use the courts to take possession of your property. […]

I own a 6 bed HMO and wish to renovate it and rent out as a whole house. Having served a section 21 several months ago (via my solicitor and agent) all the tenants have now left, except one. The remaining is refusing to leave. We have sent him a letter indicating we will now […]

Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers will be presenting, ‘Are you paying too much tax on your property rental business? Business structures for Landlords’ at the next TITANS meeting (re-branded J6 event) run from the Crowne Plaza in Gerrards cross on Thursday the 14th of October. Click Here to buy […]

Lichfield District Council in Staffordshire are offering landlords up to six months rent in advance if they lease one or more homes to Spring housing association in a bid to help people who are sleeping rough or at risk of becoming homeless. In addition, they are also offering a guaranteed monthly income for the term […]

A recent Tribunal between estate agent Ludlow Thompson v Tenant has ruled that a charge of £393.54 to cover costs of changing the tenant was unreasonable. According to the Tenant Fees Act 2019 (TFA) a fee can be charged where a tenant wants to leave early and replace themselves with an alternative tenant. However, the […]

I’m just taking a block through the Right to Manage, and we are at the stage of informing the Freeholder. However, many are concerned by the service charges we have received over the 5 years the block has existed and suggesting we have the previous accounts checked to see that all is/was well – this […]