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 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 […]

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. […]

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% […]

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 […]

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 […]

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, 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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Whatever it was, the call for the Bank of England to freeze house prices for 5 years was lapped up by the Guardian and the Times.  For those like myself who had never heard of the IPPR, it describes itself thus: “IPPR is a registered charity and the UK’s pre-eminent progressive think tank”.  It is […]

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 […]

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 […]

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 […]

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 […]

The government intends to hold a consultation on tenancy agreement lengths, with the proposal setting out the shortest term being three years with a six-month break clause. As it stands around 80% of tenancies in England and Wales are either six or twelve month assured short hold agreements, any changes would be significant and have […]