Are markets anticipating a Bank Base Rate cut?

17th July 2019

Research from Moneyfacts.co.uk shows that the average two-year fixed and tracker mortgage rates have remained unchanged since the beginning of June. The lack of rate change this month comes despite SWAP rates (a derivative market lenders use to hedge themselves against interest rate fluctuation) falling noticeably since the beginning of May this year. The two-year […]

How should we go about a change of letting agent?

17th July 2019

Recently we have had quite a few incidents with various agents performing disappointingly. Such as delaying a few months in paying rents, changing tenants without prior notice to us landlords. I’m wondering what rights we have as landlords to fire our agents? Can we do it midway in a tenancy agreement? How should we go […]

Get into the real world

17th July 2019

We have in Britain the lowest unemployment since 1953 and Shelter have poorly judged the mood of the Public. In case Polly Neate has not realised the underlying problem is one of insufficient houses. It is a Government Housing Programme that is needed, not boys playing with Lego! Polly Neate earns an over £100,000 salary. […]

Illegal HMO- Do we advise Council?

16th July 2019

Dear all, just need some guidance. In summary we gave our house to a rent guarantee company back in 2018. It has turned out to be a big mistake as we have received very poor service and most recently they have stopped paying us rent. We were informed that it would be let to a […]

Zero Tolerance – £30k per offence?

16th July 2019

My council have invented a ‘zero tolerance’ policy in relation to enforcement of housing standards. They are saying that effectively they can fine up to 30k PER ‘OFFENCE’ and will be an ‘on the spot’ type of fine whereby the landlord will not be given any chance whatsoever to put the situation right, they will […]

Lease covenants breaches by the Landlord

16th July 2019

The freeholder of this residential block of 8 flats over commercial units (that exceeds 25% rules) have breached their covenants many times. The freeholders have given a long lease to their own LTD X (same shareholders) for the residential site of 8 flats and a court yard for parking. 5 of these flats have now […]

Don’t believe what you read in Newspapers

16th July 2019

Further you cannot believe what you watch on television which is extremely anti-landlord. All journalists have their own Agenda. They are not all left wing but a good proportion are. I take as an example Battered Wives. I only do “family homes” and that means two and three bedroom houses. I used to go out […]

Would it help the situation if I become a live in landlord?

16th July 2019

I am become a member of Property118 a few years ago. It’s my first time to creating an article. I have a problem I hope other members can help me with or give me some advice. I have a HMO house. There are 3 tenants in the house. One of the tenants became a problem […]

Student rents indicating increasingly competitive market

15th July 2019

Data from Accommodation for Students (AFS) analysing the cost of student accommodation* in 2019 has found that the average rents across many cities are close to the 20-year average of £79 per week. This is good news for students indicating that there is value to be had, but may mean that landlords have to work […]

Johnson considers Stamp Duty switch from buyer to seller

15th July 2019

Conservative Party leadership contender, Boris Johnson, has confirmed his interest in switching Stamp Duty liability from the house buyer to the seller as proposed by Association of Accounting Technicians (AAT). Last year Johnson stated Stamp Duty was “absurdly high” and last month he suggested he would consider scrapping it for homes worth £500,000 or less. […]

PRS in England is not fit for purpose

15th July 2019

The private rented sector in England is not fit for purpose, failing both landlords and tenants according to some left wing reports. The general thrust appears to be that Private Sector Landlords should evict perfectly good tenants who have been in their house for years and re-let to tenants on benefits because they need a […]

Living in same building as their serial bad tenant – couple’s worst nightmare

15th July 2019

It’s been heavily publicised that a large percentage of the UK’s retirees are struggling to live off their pension, so it’s no surprise that some over 65s have turned to renting out rooms in their home, or other properties they may have, to boost their income.  However, in this week’s episode of Nightmare Tenants Slum […]

Transfer property to SPV limited company?

15th July 2019

My wife and I bought a property on 28th September 2009 (cash £170,000) to live in. We moved out from this property on 16th November 2013 and it has been let out continuously from December 2013 until today. My wife and I have been managing this property ourselves. The letting relief and Private Residence Relief […]

Stamp duty – First property in joint names?

15th July 2019

We currently live in a home worth £95000 and we intend to rent this out and purchase a home for £165000. We don’t own any other property. Does anyone know how much Stamp Duty we have to pay on our new home as we are getting conflicting answers? The new mortgage will be the first […]

Launching a fabulous opportunity in Leeds

12th July 2019

Property Investor Partnership is delighted to have secured four, 2 bedroom houses in Leeds, for the discounted price of £152,995.  These properties have been discounted by 10% off current list prices and also include flooring, turf and white goods in our discounted price. According to our rental partner, Leef Property Management, these properties will achieve fantastic rental […]

Letting agency fee increase?

12th July 2019

Hi, I have a sitting tenant who is willing to renew this tenancy, at the moment I am using full management service from a local estate agency. However, this local estate agency is pushing to raise their fees in light of this renewal (keeping the same tenant). Can I refuse the fee increase? Can I […]

Government needs to avoid breakdown of trust

12th July 2019

The Government urgently needs to provide tenants with better information on their rights and responsibilities if it is to avoid a breakdown of trust between renters and their landlords, the National Landlords Association warns. New research, commissioned by the NLA, found that over three quarters (79%) of tenants need better information about what they should […]

Agent sells out – What are the legal consequences?

12th July 2019

As a landlord I have recently discovered that the agent we have been using was taken over by another over 12 months ago. Neither I as the landlord nor the tenants have been advised of this change and there are other landlords saying the same. We have discovered this by looking back at bank statements […]

Annual house price growth 5.7%

11th July 2019

The Halifax House Price Index shows June’s annual change figure of 5.7% growth coming against the backdrop of a particularly low growth rate in the corresponding period in 2018, which has had an impact on year-on-year comparisons. The average house price now stands at £237,110. On a monthly basis, house prices fell by 0.3% In […]

£186,657 paid out to tenants – SafeDeposits Scotland

11th July 2019

During the last 18 months more than 200 landlords from across Scotland have been found in breach of a law designed to protect tenants’ deposits, according to research carried out by SafeDeposits Scotland. Since 2012, landlords in Scotland that take a deposit from their tenant have been required, by law, to lodge the deposit with […]

What to do now we have moved away?

11th July 2019

I have been an avid reader of this site and you kindly helped me before, so perhaps I can ask again for some advice? I have a 3 bed semi in Pegswood, near Morpeth, Northumberland, which used to be my home. In 2011 my mother had a stroke, which meant I had to drop everything […]