Rough sleepers, or those at risk of rough sleeping will be supported by £3.2 million of initial emergency funding if they need to self-isolate to prevent the spread of coronavirus (COVID-19). The funding will be available to all local authorities in England and will reimburse them for the cost of providing accommodation and services to […]

Labour is publishing draft legislation for an urgent new law stating any non-payment of rent due to Coronavirus would not count as legal grounds for eviction. The party said: “The move would bar landlords from evicting tenants who are off work and not getting paid due to Coronavirus, by changing the legal basis on which […]

Who do the bullies have in their sights this time? Shelter are currently running a Social Media campaign which alleges that landlords can be fined up to £13,000 for discrimination if their Agents advertising includes phrases such as “No DSS”. Property118 has challenged Shelter to produce evidence of legislation or Case Law to justify this […]

The team of advisers and staff at H D Consultants, long standing mortgage and insurance advisers to the Property118 community, already has a robust business continuity plan and contingency strategy in place, enabling us to be on hand for advice, help, support and claims. Our whole team are able to offer a continued service whether […]

I am currently trying to get a secure loan against my property. Everything is fine from the loan side my issue is that the property is leasehold and Redrow who sold on my leasehold still have a restriction on my title deed. They have told me in writing that they no longer have an interest […]

The majority of my BTL portfolio is offered to students. Following the recent switch to online teaching and exams by some universities, I assume that most will soon be instructed to close until after the virus peak, estimated at three to four months. I would be hopeful that things will be back to normal close […]

Research by the international rental marketplace, Spotahome, has revealed that Lisbon, Valletta and Dublin rank higher than London for relative rental unaffordability. Looking at the average net salary available in London, as well as the average cost of renting a one-bedroom apartment, highlighting what percentage of salary is required to cover the cost of renting. […]

I am led to believe spouse property transfers are Capital Gains exempt. I also understand if the property transfer is NIL, there is no SDLT payable. However, if the property is mortgaged, SDLT is payable on the amount of mortgage transferred. i.e. If property is owned 1/99 and you want to transfer 49% making ownership […]

NRLA are calling for a package of measures from Government and mortgage lenders to support tenants and landlords affected by the Coronavirus. In a joint statement, the Residential Landlords Association and the National Landlords Association said: “We are encouraging all landlords to work positively with tenants to provide support where needed throughout this difficult period. […]

Dear Property118. When my husband and I first started investing into rental property in the mid 1990’s we invested £250,000 of our own savings into the business, which has been a Partnership from day one. We subsequently borrowed a further £250,000 to inject into the business, making a total of £500,000 of personal investment. In […]

I have been planning to have gas central heating installed later this year, in a 1st floor, 2 bed flat that I am renting out. It currently has separate electric heaters and water heater, which are expensive to run. There is no gas on the premises at present and the total cost for piping in […]

Acorn, a Left Wing community based union of working class people, is petitioning the government to: – Enact temporary rent freezes for renters suffering with the virus or self isolating for the period of their self isolation and recovery – Announce an emergency freeze on all current section 21 or section 8 evictions – Announce […]

Aldermore’s latest Buy to Let research, surveying 1,000 UK-based landlords, reveals that nearly half (48%) of landlords are considering divesting due to an increase in regulation and rules. The rule and regulation changes seen recently, including the introduction of a 3% stamp duty on rental and second properties, changes to taxation and more complex mortgage […]

We own a flat, with underground car park, which we let out (independent of the flat) as most of the tenants do not have a need for parking space, since the property is close to offices and lots of public transport. We were recently informed by the managing agent of the block (we later found […]

My tenant is an European national who has a holidays business across Europe. He tells me it has crashed due to Coronavirus and he is struggling to pay the rent and it is already 30% short this month. My agent has already started their automatic debt chasing process which used to include interest charges.. I […]

If Covid19 gets a bad as it has in Italy I’m sure many people will find themselves temporarily out of work or for the self employed, with no income. One of my tenants owns a business supplying lighting to large scale events. As landlords how should we deal with this? I contacted my tenants yesterday […]

Coronavirus COVID-19 will affect HMO Property Landlords, buy to let property investors and the property market in the UK. In the video below, Ranjan considers how HMO Property investors and the HMO Property Investment Market in the UK is going to be impacted by the onset of Coronaviris COVID-19. Ranjan hosts the Baker Street Property […]

Gatehouse Bank has relaxed its age criteria for Buy to Let mortgages increasing the maximum age at the end of the term, from 85 to 99 years. The 99 year age only applies to borrowers relying solely on rental income to stress test for affordability. The maximum age increase also applies to Houses in Multiple […]

Housing Secretary Robert Jenrick has set out proposals to bring Britain’s planning system into the 21st century as part of plans to get the country building. Councils will be encouraged to take a more innovative approach to home building by ensuring redevelopment of high streets is housing led, building upwards and above and around stations. […]

The latest research by Ome has compared the average cost of a rental deposit in the UK with 14 other nations who have the highest percentage of renters across the world. Ome looked at the wide variety of rental deposit calculations across 15 nations and what this meant financially for tenants. In England and Wales, […]

I give my analysis in the video below on what the first UK budget of 2020 means for property investors and property entrepreneurs and considers any impact on the UK property market. The key budget highlights for property investors and entrepreneurs are: Temporary relief on business rates which will also help property developers converting commercial […]