Most UK mortgage lenders and mortgage brokers do not fully understand the potentially disastrous implications of landlords taking on new mortgage finance at the point of incorporation of their property rental business. At Property118 we feel we have a moral obligation to share the linked PowerPoint presentation below, and we urge all landlords to share […]

I have a tenant who is subletting his room and is refusing to quit his tenancy and return keys. He pays his rent on time and in full every month. Its a single room with shared kitchen and bathroom facilities. We have tried since 2020 to work with him on this and get him to […]

Welcome to the pilot of ‘The Property Tax Show’ where myself and Tax Consultant Alex Norian From Property118 will be debunking common myths and misconceptions from all areas of property tax. If you have something you want to be covered in a future episode, simply comment below. The Property Tax Show is dedicated to covering […]

Despite announcing in 2018 that they were now pursuing landlords for failure to licence HMOs and breaches of HMO Management Regulations under the civil penalty regime, (see £16,000 fine given for non-licence HMO”) the local authority has instead taken this “Rogue” landlord to court where there was only a small £4,808 fine. What we are […]

An elderly (aged 80), long standing tenant told me on Thursday that she needs work done in her kitchen and I said I would get my builder to see what could be done. Then I looked in the kitchen – there were dirty dishes stacked around and in the sink. The drawers are totally smashed. […]

Two years ago I purchased a 4 Bed house for over £450k via a mortgage with Natwest. The house had a large footprint and my plan was the do an extension of the house. The extension resulted in a new frontage of the house, new outer skin brickwork, reconfiguration of layout, new truss roof..etc. total […]

Following on from the latest article, click here, and Propertymark’s survey of its members indicates the supply of property listed by agencies has halved since 2019 This is, as we have said on many occasions, the inevitable result of the onslaught against private landlords orchestrated by Shelter the homeless charity that doesn’t home the homeless […]

New improvements to fire safety guidance and building regulations to ensure tall buildings are made safer in England have been introduced as part of a wider package of reforms. The changes meet recommendations from Phase One of the Grenfell Tower Inquiry and will strengthen the information available to fire and rescue services. All new residential […]

HMO properties are under rules from the councils such that HMO owners must include bills. With gas and electric bills doubling and doubling again, this makes most HMOs lossmaking. You’re only allowed to increase rents for inflation once in a year …. but the bills component is not part of the rent, or is it? […]

Some of my tenants have just moved and have forwarded across the Council Tax bill to confirm payments up to the end of the tenancy. However, on the paperwork, I have noticed that the Council Tax bill has been wrongly billed to band A and not band C as it should be for this property. […]

Hi all and thanks for having me on the forum. I am a first-tie developer having sold my London property and with £450k in the bank, I bought some land in Kent and obtained FPP. I have just finished building the house which has been valued at around £1-1.2 M. I did need to borrow […]

Hi all, My studio flat has been rented out since the late 80s. However, it is empty now due to Covid19 but in excellent condition after a recent refurbishment has been carried out. I am looking for a professional tenant to rent the property to, but I am worried the lack of a washing machine […]

Propertymark’s regular survey of its 443 member agencies found the supply of properties to rent had collapsed by almost half from 30.4 in 2019 to 15.6 available per branch in 2022. Propertymark also found that 94% of rental properties removed during this period did not come back onto the market and were likely sold. In […]

The latest new-build sector insight by Unlatch revealed the Government has continued with its woeful efforts where new-build delivery is concerned, missing its latest target in 2021 by almost 120,000 homes. The data was analysed on the number of new home completions seen across the UK each year and how they stack up when compared to […]

Permitted Development rights (PDR) that were first introduced in 2021 have made it very easy to convert commercial buildings to residential use but how easy is it in practice to get permitted development applications through local cancels? Today, I’m joined by David Kemp from DRK Planning, a specialist in this subject, so stay tuned for […]

Interesting data shows that workers want to work from home, and the BBC Staff demand it, but productivity is slowing down! Is anyone doing any work anymore? In this video, Andrew Roberts and I break down what opportunity this raises for property investors in the office sector. Click on the video below:

Hi, has everyone responded to this survey? >> Click here There is not much time left. It closes on the 5th of June at 11:45 pm and I only received word about it today from Airbnb. Morag “The Office of Tax Simplification (OTS) has published an online Survey and Call for Evidence to seek views […]

I have a long term tenant who’s been renting from me for donkey’s years. Rent paid on time without fail. He pays weekly as suits him best. He lives alone, and keeps himself to himself. Mid 50’s. He stopped paying in April. Very strange. I call him, then email no response. I eventually get him […]

My brother and I own 26 rental properties, all very standard houses and flats kept in good condition and let to working people. They are all what I would call “vanilla” buy to lets. Rents and values have increased significantly since we purchased them, so currently we are sitting at just under 50% LTV and […]

The latest Nationwide House Price index statistics for May showed annual growth cooling slightly for the second consecutive month, but still in double figures at 11.2% from 12.1% in April. However, prices were still up 0.9% month-on-month for May with the average now standing at £269,914. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, […]

Why is it that so many landlords judge themselves and their peers by how many Buy-To-Let properties they own? Given a choice between owning 1,000 flats in Northern England or Scotland, which are let to benefits tenants, or the alternative of owning the Burj Khalifa in Dubai, guess which I would choose? It may come […]