The Ministry of Justice have released the 2019 Q2 report on mortgage and landlord possession claims. Landlord possession claims There has been an overall decrease in landlord possessions. Compared to the same quarter the previous year, landlord possession actions claims (26,695), orders for possession (21,384), warrants (13,685) and repossessions (7,428) have decreased by 9%, 6%, […]

Two new 10 year fixed rate Buy to Let mortgages from Leeds Building Society are now available to landlords. The new products launching on Friday 30 August, are: 2.49% 10 year Buy to Let up to 60% LTV 3.29% 10 year Buy to Let up to 70% LTV Both products have a £999 product fee […]

A lettings agency claiming to be a members’ club has been fined more than £40,000. Lifestyle Club LSC has fallen short of the tenant fees ban, the club sought to imply that its members are licensees rather than tenants. The club offered flexibility in terms of accommodation to its residents and asked for a joining […]

I have a bit of a quandary with one of my tenants. He has been with me for nearly 10 years across 2 houses. Never missed a rent payment and has improved and added value to both of the properties (I have always gone 50/50 with the cost on any improvements my tenants wish to […]

My friend agreed to early termination of the tenancy under the – following clause 11. In the event of a surrender of this Tenancy by agreement between the Landlord and the Tenant, the Tenant will pay the Landlord the sum of £250 towards the administrative costs generated thereby. The tenant is challenging the clause What […]

I was recently watching a documentary about Albert, Prince Consort, and his magnificent efforts to provide housing for the poor in the 18th Century. I also highlight the magnificent efforts of George Cadbury at Bournville and Joseph Rowntree in the North East of England. There were, of course, others who made commendable efforts. Since those […]

Salford City Council has launched its own letting agency, Salford Property Link, in an effort to encourage private landlords to help reduce the massive social housing waiting list. The new agency offers landlords different levels of service from advertising and tenant matching right through to full property management, guaranteed rent and a property repairs service. […]

The government will review a new national model for shared ownership to make it easier for people to buy more of their own home, including allowing them to buy in 1% increments. This plan is hoped to facilitate Boris Johnson’s priority to level up the whole country, closing the opportunity gap and helping millions of young […]

The latest survey of ARLA agents show a record number of rent increases for tenants in July with 63% of agents reported that landlords raised rents, This is up from an already record high of 55% in June, and over double the reported rent rises in the same month last year. ARLA have issued an […]

Liverpool has overtaken Birmingham to become the fourth most visited city for overseas tourists in the UK The home of The Beatles, two Premier League teams, the largest collection of Grade-II listed buildings and the European art outside of London. Liverpool has plenty of attractions but in the past, it may have been overlooked as […]

CASE STUDY – based on a true story Lucy, Amy and Charlie rented a property for 12 months on a Joint Tenancy basis just three months ago. However,  Lucy has been offered a better job closer to her parents, so naturally she wants to move out. Amy and Charlie have no objection to this because […]

Over the Bank Holiday I visited a house which had no hot water. Everyone was on holiday and I have this weird idea I know something about no hot water! Before I got into the car, I knew exactly what it would be. I was right. When I arrived I looked and said “you have […]

When used correctly, Limited Liability Partnerships “LLP’s” can be an excellent structure for landlords, not just for tax planning but also for the evolution of rental property businesses generally. For example, many landlords wish to eventually leave a legacy to the next generation. They also wish to consider succession planning, which is something all business […]

The ongoing saga of my property. Spent a lot on getting doors and windows replaced, redecorated etc, just needed to get debts removed from gas and electric meters (which I had the codes for) and get the BG engineer to rest the meter on this coming Thursday. I even had a tenant interested and being […]

My personal pension was originally from a high street provider – I transferred my pension fund pot across to my newly created SSAS Pension. My wife and I created a Limited Company a few years ago specifically for property investment (buy and retain). If this is your strategy then please make sure you set up […]

On another Property118 forum thread I stated … “We are all agreed that if somebody hasn’t got money they will not suddenly find some if you successfully sue them. What’s even worse though is feeling there is no justice. If Anarchy ruled in the UK most people would leave. It is a perception of safety […]

Further to our previous discussions around the withdrawal of interest relief, the additional 3% stamp duty and the impact of Brexit, we take a look at the effect of the Prudential Regulation Authority’s (PRA) stress tests and the benefits of incorporation. Prudential regulation Authority Stress Tests Since 2017, lenders have tougher rental cover tests, plus […]

Hi, I know there are lots of questions and answers on this topic but just trying to find the right solution for me. I am married and me and my wife have our own joint home Before marriage I bought a BTL property, both the property deeds and the mortgage is in my name only. […]

The landlords Alliance as part of the Fair Possession Coalition met Lord Lytton in London some time back. We have carefully examined proposals to abolish Section 21 and have listened carefully to our members. We have concluded that the abolition of s21 is nothing more than a sop to organisations such as Shelter. Before we […]

I purchased my first Buy To Let in Paddock Wood Kent on 5th July,1991 and completed on the sale yesterday (21st August, 2019). Basically, it has gone up in value 10 times in 30 years. The house was a regulated tenancy and became a de-regulated tenancy (an Assured Shorthold Tenancy) prior to sale with vacant […]

Does anyone have any experience with grants from the council, and subsequently, getting a mortgaging on a property? I own a long term empty property which is eligible for a £25k grant from the council to bring the property back into rentable condition. The main condition surrounding the grant is that you must rent the […]