I have a theory, and I hope I am wrong! Many Eastern Europeans came to the UK because they could earn more, and despite the higher costs of living they could send money home to their families. However, a few years ago, every £1 they sent home converted to around €1.40 whereas it’s now closer to €1.10. […]

Communities Secretary, James Brokenshire, is reported by the Sun to back calls introducing 3 year tenancies in the Ministry of Housing, Communities and Local Government consultation titled, ‘Overcoming the Barriers to Longer Tenancies in the Private Rented Sector.’ The Decision on the consultation could possibly be taken as early as next week so landlords are […]

I’m in the process of selling one of my properties however have recently found an overseas tenant who is ready to move in soon, checked out her employment history, etc. My question is: are there legally recognized tenancies shorter than a standard 6 months AST? I ask this because there’s a mutual benefit for both […]

I couldn’t think of a title for my article so i will leave that to the clever people at Property118. With Brexit, Section 24, Selective Licensing and all the other crap the Government are throwing at us I am still undecided on what to do, at least in part anyway. Being an avid reader of […]

A few months ago the Property118 team were called upon to assist an accountancy practice to consult on the strategic restructuring of a new client (an established landlord business partnership with 67 properties) which the accountants had recently been engaged to act for. Insight is a thriving, multi-faceted, financial services business. They started as an IFA […]

Some may remember my problem with a tenant owing approx. £4k in rent arrears. I served the s8 notice and then just as I, via a solicitor as unsure, submitted the court papers I got 4 days notice from her that she was leaving and for me to be there or she would shut the […]

I served a Section 21 notice on a tenant in May 2018 and when it expired in July I instructed a firm to apply for a possession order. It then came to light that the managing agents had issued the Prescribed Information in time, but not protected the deposit for approx 40 days rather than […]

One of my long term tenants left a property on 26th January 2018, but advised his electricity supplier that he left on 1st January and provided a fraudulent reading. The first I knew of this was in March when EON charged me £126 for the ‘unoccupied’ period from January 1st to 25th. When I queried […]

I have a Victoria semi detached rental property that has been in the family for 100 years and we are trying to establish who is responsible for the boundaries of the property as there is no clue on the title deeds. There is currently 4ft walls between us and each of our neighbours, but in […]

I am now tentatively looking into making my next investment steps, never one to be happy just coasting, rather striving for the next rung. The backstory…. 1. Husband and wife (early 40’s), both low rate tax payers but on the cusp of tipping over. 2. Main residence approx. £400k value with 50% LTV on tracker […]

I would like to personally invite all Property118 readers to our Seminar in association with Shawbrook Bank to understand more about commercial finance and in particular focusing on Bridging and Development finance for property investors. This event run by my company Brooklands Commercial Finance, partners of Property118, and will be held on: 21st of September […]

Steve Harriott, Chief Executive of the Tenancy Deposit Scheme In the last week we have seen Which? publish a report that cast doubts about tenancy deposit protection. If its recommendations were implemented there is a very real possibility that the consumer protection for tenants might end up being worsened. Discussing the future of tenancy deposit […]

The Scottish Government’s private rental reforms are shaking up the sector according to new data, which reveals rental property sales have outstripped purchases five-fold in the last three months. Findings from the National Landlords Association (NLA) show that almost a quarter (24 per cent) of landlords with property in Scotland have sold over the last […]

Almost three million UK households could be at risk of potentially fatal fires, electric shocks and even street-wide gas explosions caused by an undetected energy meter tamper. The figures come from new research, which revealed that 14% of UK residents have encountered the signs of a tampered energy meter in person; around three million households across […]

We are absolutely delighted to launch our new investment opportunity in Birmingham – One BHM comprised of 165 one, two and three bed contemporary apartments within the B1 postcode.   Prices start from only £164,995 for a one bed apartment, rising to £225,995 for a two bed.  Yields of up to 6% have been predicted. […]

In his weekly Monday Column for the Daily Telegraph, Boris Johnson, has told Theresa May slash the absurdly high Stamp Duty (SDLT) tax rates and abandon affordable housing targets. Boris indicated he thought the housing market is the single biggest and most urgent crisis we face and would lead to an impending crisis of capitalism. […]

Can I sell/transfer the Freehold interest from my SPV company to a management company I also own ? My existing mixed use property is made up of a commercial unit and 3 flats – currently all on a single title. My aim is to get each of the units on their own lease, remaining in […]

Does a new court ruling in reference to smoke alarms mean that smoke alarms inside a property will have to be tested by Landlords? “Landlord Terry Millis, 63, admitted that he put the lives of five residents at risk and pleaded guilty to two counts of failing to comply with requirements to prevent the risk of […]

I am the Freehoder of block of Flats (12) which I acquired in 2014. The orignal Lease is 125 years from 2009 The intial (and current) Ground Rent I collect is £150 per Annum. The lease provision is Ground Rent doubles every 25 years One of the Leaseholders is selling and have asked to amend […]

So, you have just incorporated your properties. Now you want to sell one of them. A buyer has been found, then, at the last minute, the buyer has been refused a mortgage. A seemly arbitrary and little known rule common to all mortgage lenders is if a property that is to be mortgaged has not […]

On 10th and 11th September we are sponsoring the IRRV Severnside and South West Association enforcement forums alongside Excel Civil Enforcement. 10th September – The Aztec Hotel in Bristol 11th September – The Mercure Southgate Hotel, Exeter We will be covering a range of topics, and the forum will be followed by networking drinks. The […]