I see this question posted on Facebook every few weeks, so I have decided to write an article on the topic, which I can share a link to whenever it pops up again. It wouldn’t matter if Section 24 was applied to LTD Companies, because the 20% tax credit on finance costs is greater than […]

In this week’s episode of Channel 5’s ‘Nightmare Tenants Slum Landlords’ (Monday 17th June), Landlord Action tackles two very different eviction cases, one involving an illegal sub-let by a ‘professional’ scam artist, the other which sees a favour turn into a family feud. In the first case, young landlord Han Yip discovers his West London […]

I wanted to share my experience of being a landlord and a tenant. I rented out my flat and a small 2 bed terrace and that has enabled me and my son to live in a house in an area I couldn’t afford to buy in. We were happy and then 6 months in to […]

Property118 could save you money on your landlord insurance. Whether a single property, portfolio, HMO, landlord contents, sub-let, flood risk, renovation, unoccupied property or even your own residential home, we have access to some of the best rates in the UK through The Home Insurer and have tasked them to save you money on your […]

The government is to request Whirlpool recall up to 500,000 tumble dryers which pose a fire safety risk containing a fault that is blamed for blamed for over 750 fires over the last 11 years. Whirlpool have said safety is their “number one priority” and if any landlords think their properties may contain faulty appliances […]

Get Tenancy Deposits Right with our Free Calculator The 1st of June was the deadline for the implementation of the Tenant Fees Act 2019. As of this date the tenancy deposit will be capped to a maximum of five weeks rent where the annual rent is less than £50,000 and six weeks rent where the […]

Two Property118 members have pointed out that Shelter are actually asking for views from Landlords and have produced a survey to complete: Click Here. The request from Shelter states: “Take our survey to help us understand what’s important to you and how we can best work together towards developing a better private rental sector. Answers […]

Leasehold house owners are paying £319 in ground rent costs every year, totalling £447m, and one in ten (nine per cent) say the cost affects their quality of life, Propertymark’s Leasehold: A Life Sentence? report reveals.1 NAEA Propertymark surveyed more than 1,000 people who only bought the leasehold on their house, to explore the extent […]

Last week I had to serve notice on a tenant and I noticed the Form 6A had changed. The new Form 6a must be used from 1 June 2019: Click Here to download the new form. The part that has raised some concern is the Date required to leave drop down box. My notice expired 12th August […]

Two years on from the Grenfell Tower fire, Shelter is warning the government must listen to the third of families with children in social housing who feel less safe in their homes and take urgent action to prevent further tragedies. The government is proposing a new building safety regulator, but the housing charity fears this will not go far enough to ensure the health, […]

Six of our clients recently purchased new build 2 & 3 bed houses at Newton Road, St Helens, with prices starting from only £117,500. Rental demand for quality, new build properties is so high in St Helens that professional tenants were lining up prior to completion.  Applications are now going through, with rental amounts at the top […]

Might the phrase “Subject to status and referencing” be more politically correct than “No DSS”? The only reason I can think of for using the “No DSS” phraseology is if advertising is priced on a per word or per character basis. Unless you’re advertising in a Newspaper, which is very rare in this digital age, […]

Metro Bank announced changes to its mortgage criteria which currently prevent landlords renting to tenants on housing support, following a roundtable at Downing Street led by Housing Minister Heather Wheeler MP. Today’s announcement (11 June 2019) is the latest pledge from industry to end potentially discriminatory practices which deny good quality accommodation to those on […]

Follows ongoing complaints and bad press concerning new leasehold contracts, which sting consumers with costly fees and onerous terms, the Competition and Markets Authority (CMA) has today formally launched an investigation to find out whether people are being treated fairly when buying their home. The consumer protection law investigation will examine two key areas: Potential […]

The Halifax House Price Index latest report for May shows the average UK house price is up 5.2% on last year to £237,837. However,  this comes 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. On a monthly basis, house prices […]

The Government hopes thousands of homes will be built in growth areas of Woking and Truro  as a result of a £142 million investment in infrastructure, the Housing Minister Kit Malthouse MP confirmed today. The money will be spent on widening bridges, building roads and connecting utilities so up to 8,500 properties can be built. […]

Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, shows that the number of Buy to Let (BTL) products available, currently 2,396 products, is the highest on record since the beginnings of the financial crisis in October 2007, when the total number of available products stood at 3,305. Since June 2018, the total number […]

I am renting out a ground floor flat in a block of 6. The first floor flat above mine has water running out of the outside pipe from his boiler. The wall is soaking and green with slime. Yesterday I discovered there is now an internal water leak in my flat. I have tried to […]

Boris Johnson has today promised to cut taxes for around 3 million higher earners by raising the 40p threshold from £50,000 to £80,000 if he becomes Prime Minister. But Boris what about the Landlords? A big percentage of Owner Occupiers also own a Buy To Let Mortgage. Michael Gove pledges to axe VAT. Will you […]

I have a 1960s bungalow with brick adjoining garage. During phenomenal rain last week water came in at the base of two walls, where I believe the outside concrete is slightly higher than the garage floor. The carpet the tenants had laid in the garage was of course sodden. I’m not sure yet whether they […]

I would like advice on how to go about implementing my right to manage my own leasehold flats please. History: 3 of us got together and purchased 7 flats, this was one complete block. The intention was that we run our own management company and maintain these flats. We did not do anything about this, […]