London, the South East and the South West led the jump in buy-to-let house purchases during the Stamp Duty holiday, analysis by Paragon Bank has revealed. Comparing the period when landlords received the full 3% Stamp Duty discount – July 2020 to June 2021 – with the last comparative period not impacted by Covid – […]

BRRR misery –  Hi all, I need some help in solving a current situation concerning BRRR. I recently purchased 2 terraced houses next to each other to turn into 7 ensuite rooms and 2 x 1-bed flats to rent as service accommodation for £420k. I had an initial Gross Development Value (GDV) valuation of £970k […]

I am paying tax in Portugal and have become a Portuguese resident and taken up non-habitual residency. I have a small buy to let rental property portfolio in the UK and want to sell up the properties at some point, but am unsure of the exact rules in regards to capital gains as there are […]

My tenant has been renting from me now for 4 years, and he still doesn’t have an understanding of what are realistic expectations as a tenant. He wants to tell me what to do by pointing out my responsibility. Demanding any workman to contact him directly, stating, “it’s between me and your contractor “. I […]

Does anybody know the latest eviction notice periods and when minimum EPC: C comes in to force? I’ve been on government sites that seem to be all over the place with the new EPC reg’s – 48 pages long with dates changing every five minutes. Too many ‘U’ turns result in going round in circles! […]

In this video, Jay Howard, Rod Turner, Piotr Rusinek and I explain how to buy property at auction with winning bidding strategies. Ws also analyse two property investment deals coming up at auction, which includes a ‘Cop Shop’ with a nasty surprise! Please click on the video below:

Precise Mortgages are now writing to their Buy-to-Let borrowers, confirming any current mortgages based on LIBOR will have their interest recalculated to 3-month term SONIA (Sterling Overnight Index Average). The transition to SONIA from LIBOR will take place as of the 1st January 2022 and the lender considers it a fair replacement rate. Why is […]

The savings market has seen some top-rate accounts improving since last month, but not on shorter-term fixed bonds. However, inflation continues to take its toll on the true spending power cash. The latest analysis from Moneyfacts.co.uk reveals the top rate deals available to savers searching for a competitive return. The Consumer Price Index (CPI) rose […]

Research by Sequre Property Investment, has revealed which major cities are home to the largest level of high yield rental homes, as well as which property type presents the best opportunity for a robust buy-to-let return. Looking at current market stock looking at the level of high-yield investment opportunities available across 18 major cities across […]

The existing oven in a rental property in Norwich had to be replaced. Got the measurements from the tenants and ordered a new one, paid for the existing one to be disposed of and paid for the new one to be installed. When the old one was removed from the space under the gas hob […]

The Bank of England Governor, Andrew Bailey, was giving evidence to the Commons Treasury select committee and told them: “I’m very uneasy about the inflation situation. I want to be very clear on that. It is not, of course, where we wanted to be, to have inflation above target.” Although the last MPC meeting voted […]

My mother-in-law passed away earlier this year. I got a valuation and applied for probate. The total assets were below the IHT threshold. The house is now on the market and the value has gone up by £75k, which makes me think the original valuation was a bit low. The quandary I have is that […]

I have a tenant who wants to move and wants ME to issue a section 21. However, she introduced me to her neighbour who wants to buy the house and let her stay as a tenant. Good so far… these two have now fallen out, and the tenant says if I sell to the next-door […]

Hi, I am completing the N5B form for an accelerated possession order. Question 10a asks about how the Section 21 Notice was served on the tenant. I had previously sent the tenant the Section 21 Notice (Form 6A) by email as an attachment, as my AST contract says that any notices can be sent via […]

“Learning from other peoples experiences is much less expensive than making your own mistakes”. I read that on Property118 several years ago and it has always stuck with me. So, to give something back I’m sharing my story so that other Property118 members don’t make the same huge mistake that I did. The story begins […]

Hi, this question mainly relates to Capital Gains Tax (CGT) and Principal Private Residence Relief (PRR). I know you are going to tell me to speak to my advisers, but they are simply not property experts and just don’t know. In the not too distant future, I am thinking of moving back to a property […]

I have recently applied for selective licensing as required by the council. After submitting relevant documents, the council have rejected the EICR as the contractor is not registered to carry out inspections, only domestic installation. I have subsequently managed to verify this too with NICEIC who have asked me to supply them with a copy […]

Why Should I Sell My Portfolio Now? The market is high, Sky-high, but the window is closing, and we’re unlikely to get prices like this again for another 7 years. Over the last decade, a huge proportion of landlords have been enjoying rental yields from portfolios and HMO’s they’ve built up over the years, but […]

Two thirds of English councils have prosecuted no landlords for offences related to standards in or the management of private rented housing over the last three years.  The National Residential Landlords Association is warning that this failure to take action against the criminal minority brings the sector into disrepute and risks undermining further reform of […]

I am currently renovating a large 3-story flat into three totally separate self-contained flats – one on each floor. Clearly, they will need to be separately CT banded – how, and when is this done? Am currently paying the CT on the whole flat as it is currently banded, but a bit of research states […]

Today we had an unusual communication: This morning was one of those mornings where you receive a message and punch your fist in the air with delight – discovering that there are still some good, discipline-fashioned Enforcement Officers standing up and enforcing in the right way. This sort of good news that never makes the […]