Page 578 – Property118

Scotland’s most ‘responsible’ student tenants

19th July 2018

Students aren’t always renowned for being the most house proud but, for the first time, it has been revealed which Scottish universities have the most responsible student tenants. Research from SafeDeposits Scotland, the country’s leading tenancy deposit protection scheme, revealed that over half (55%) of all student tenants were incurring avoidable deductions on their tenancy […]

New mortgage for Airbnb and short-term lettings

19th July 2018

Tipton & Coseley Building Society has launched a new mortgage designed for owners who use Airbnb to let their properties. The new product and criteria with a maximum of 75% Loan to Value is available for purchasing a second home or holiday let and includes remortgaging. There is no requirement for a fixed term agreement. […]

She’s out – thank you readers for your support and advice

19th July 2018

She signed the Deed of Surrender at 8.30pm last night after demanding that I be there at 4pm yesterday having given me 4 days notice of vacating. Put out the flags. Some of you may remember that my tenant owes £4k+ in arrears (housing benefit shortfall and a 6 month HB over-payment). She signed the […]

Rent arrears rising – What has government got to be worried about?

19th July 2018

Data from Your Move have the number of tenants in arrears increasing for 4 consecutive months between January and April and the proportion of tenants in arrears has risen from 8.4% to 9.4% Belvoir recently reported a fifth of its offices had 40% of tenants in arrears during the first 3 months of the year. […]

ONS House Price Inflation 3.0% year to May 2018

18th July 2018

The Office for National Statistics has released its latest report ending May 2018 for monthly house price inflation in the UK, calculated using data from HM Land Registry, Registers of Scotland and Land and Property Services Northern Ireland. Click Here to see the full report. Average house prices in the UK have increased by 3.0% […]

Advice on tenants fostering children – spooked by LA?

18th July 2018

We rent a 2 bed property to a middle aged couple. They keep it in good condition and always pay the rent on time. They have applied to foster a child, and they informally asked if I was OK with this, which I am. However, my son has told me that the local authority children’s […]

The slightly unusual dilemma of a Croydon landlord

18th July 2018

This is our favourite and most popular ‘Readers Question’ to date, hence we re-bublish it from time to time. Dear Mark (and all Property118 readers) I think my wife might be having an affair with one of my tenants. The usual give away signs are all there, lots of “girlie nights out”, which she never […]

Generation Rent wants unlimited tenancies and no sales of rental properties to FTBs

18th July 2018

Dan Wilson Craw, director of Generation Rent, had an article in CityMetric, “an arm of the New Statesman”, last week entitled “Here’s why government plans for longer tenancies don’t go far enough”. Now that Craw has seen the reduction in the number of rental properties as landlords have left the market, because of S24 and […]

The National LIS Awards

17th July 2018

The National LIS Awards, is proudly brought to you by the organisers of the National Landlord Investment Show. Connect with the very best in the industry at the National LIS Awards on Thursday 15th November 2018 at the Grosvenor House, London 6pm – 12.30am At a time when the private rented sector has gone through […]

‘Lending for Refurbishment Costs’ – up to 100% of refurb costs

17th July 2018

Shawbrook Bank the specialist property investor lender has released a light refurbishment option called “Lending for Refurbishment Costs”, to their STL range and is a unique approach to this type of lending. In addition to borrowing 75% Loan to Value against the lower of day one purchase price or value, applicants can now borrow up […]

OMG a cure for my front door OCD

17th July 2018

I am absolutely terrible at having to go back and check I have locked the front door and often have to reverse the car back up the road to double check! Mark Alexander has found me a Press Release if it is of interest to anyone else: 70% OF US FORGET IF WE’VE LOCKED OUR […]

Setting up a property management company?

17th July 2018

I manage my late husband’s portfolio of 8 properties. At the moment I have no other income as I’m so busy with these, but may in the future get a part time job. I have 3 children – 2 at university, 1 school. Am trying to find legitimate ways of reducing my income tax with […]

Leak from flat upstairs – Please help?

17th July 2018

I am the owner/leaseholder of a small ground floor studio flat and my flat has been badly damaged by a leak coming from the flat upstairs. The source of the leak was confirmed by the managing agent’s contractor on the 6th of February 2018 and since then I have been chasing the owner of the […]

118 days average to remove tenants via courts

17th July 2018

A new research report released by Simple Landlords insurance indicates the average number of days for court-appointed bailiffs to remove tenants from private landlords’ properties after bringing a claim to court is 118 days. Analysis of Ministry of Justice figures shows 21,429 possession claims were brought to court last year and of these 6,260 ended […]

Universal Credit landlord engagement newsletters

16th July 2018

The Department for Work and Pensions has released its June 2018 Universal Credit newsletter. These Universal Credit newsletters will be published quarterly and provide information to social and private landlords about Universal Credit. Click Here to download the full June 2018 edition: “1.2 Applying for a managed payment to landlord If you’re a private landlord […]

Rent A Room – your views

16th July 2018

Property118 has attached to this week’s summary a copy of the government consultation paper on its Rent A Room proposals. The time for response expires on 31st August 2018. Are there views on this subject from Property118 readers and the Rent A Room consultation paper and government proposals? Many thanks EJ Editor’s Notes: The Government […]

Blown away with fantastic location of stunning investment properties

13th July 2018

We are delighted to bring Property118 investors this fabulous opportunity to purchase 1 & 2 bed apartments within the Southside development, in the lovely town of Ilkeston, just 10 miles east of Derby and 8 miles west of Nottingham.  This spacious development is conveniently situated in the heart of Ilkeston town centre, directly opposite the […]

Section 24 Billboard Campaign Heads North

13th July 2018

Four new Billboards will be erected in the following locations over the next few weeks to promote the campaign against Section 24 and the devastating damage the tax attack on private landlords is having on the availability and pricing of UK rental properties:- Mansfield – Stockwell Gate Sheffield – Tinsley Road Leeds – Pontefract Road […]

EPC D and CO2 emissions F ?

13th July 2018

I have encounter an problem on EPC and CO2 emission: I received latest EPC on the property I am proposing to purchase today: 1. The EPC is D on the front page next to the color chart 2. However its CO2 emission is F on the last page 3. Due to this reason the surveyor […]

Eviction of travellers: Writ of possession or common law?

13th July 2018

There are approximately between 200,000 and 300,000 travellers living in the United Kingdom with around 60,000 who live in caravans on both authorised and unauthorised sites. If you do have problems with travellers then there are two options available to you, we outline these options and advise of which might be best depending on the […]