Page 610 – Property118

Capital Gains and Losses?

9th January 2018

Hi I decided to sell one of my BTLs – I had four. I purchased the property in 2004 so have made a gain once I have taken off costs, and the annual allowance I will still have a tax liability. However, I also own a property in Southern Italy which despite being in an […]

Black mould in one bed ground floor flat

9th January 2018

I’m new to being a landlord and have had tenants in my flat for the first time since end of September. It’s been fairly problematic since with drain blockages, my boiler needs replacing, all of that is manageable however my flat has been prone to rising damp. I had professional damp proofing done 3 years […]

Government promote focus on housing in reshuffle

9th January 2018

Theresa May has taken the opportunity of a Cabinet reshuffle to promote her focus on housing by creating the Ministry of Housing, Communities and Local Government (MHCLG). Following the appointment of Rt Hon. Sajid Javid MP as the Secretary of State for Housing, Communities and Local Government, the department will be renamed as the Ministry […]

Need some advice on pre-empting costly evictions?

8th January 2018

Join Paul Shamplina, Founder of Landlord Action and Founder of the online letting agency Upad, James Davis, for a FREE webinar offering top tips for avoiding evictions with your tenants. The webinar includes advice on: Choosing the right tenant from the start The terms and conditions of your tenancy agreement – with a focus on […]

Someone bought my street!

8th January 2018

A planning application exists for a house on an awkward shaped plot left vacant when the estate was built in 1995. Of more concern to residents is that the applicant has also apparently bought surrounding streets, their pavements and a couple of footpaths, as well as another left-over plot big enough for a couple of […]

Warrant executed on incorrect property by EDF!

7th January 2018

EDF energy are not the suppliers at my rental property yet executed a warrant with forced entry, causing superficial damage. Initially after several exchanges via email they insisted that they had accessed the incorrect property. Now they have accepted, but offered £150 compensation. I do not feel this is sufficient since the door repair is […]

Renting Homes (Wales) – Fitness for human habitation consultation

7th January 2018

The Welsh Government Consultation, ‘Renting Homes (Wales) Act 2016 – Fitness for Human Habitation closes on the 12th of Jan so this is the last chance to get your opinions heard or at least noted. This consultation is seeking views on the regulations determining a dwelling’s fitness for human habitation, and the accompanying guidance. Once […]

HMRC confusion – Is BTL a commercial mortgage?

5th January 2018

I have just been on the HMRC webinar for Income from property and they have said that commercial mortgages will be exempt from interest relief changes that are getting phased in from 2017-2018 tax year. Is a BTL mortgage classed as a commercial mortgage? as I was under the impression that they are not regulated […]

Calling all legal minds for help please – Bullied by Council and Water Co.

4th January 2018

I have been embroiled in a 3 year campaign waged against me by the local authority being Enfield Council, along with Thames Water. This is a classic case of large institutions, abusing their position and adopting bullying tactics – To date it has cost me £8000 plus an award  by the court of a further […]

Social Landlord not prosecuted despite mass gas safety breaches!

4th January 2018

Terry Lovett, of Lovett Sales and Lettings in St Neots told the Property Industry Eye that he is “incensed” Social landlord Luminus Homes has escaped prosecution by the Health and Safety Executive (HSE) after gas safety breaches and no certificates were found in over a thousand of its homes. Terry does not believe any private agent […]

Selective Licensing fails with Newham homeless crisis!

4th January 2018

Readers of Property 118 will be familiar with my opposition to Selective licensing. A revenue raising exercise for Bankrupt Councils. The onslaught on the PRS is now bearing fruit. The Sky News report in to the homeless crisis in the UK has today released a startling statistic. The Borough with the most acute Homeless problem, […]

Why Jeremy Corbyn is silent on Section 24?!

4th January 2018

The power hungry Corbyn is Complicit with Tories on Section 24 mortgage interest relief restrictions. He has been ignoring Section 24 for two years and raised the Universal Credit issue only in PMQ’s as it gets him votes. He is encouraging Rogue Tenants. He just wants to give his voters (including Rogue Tenants) unlimited tenancies. […]

Managing Agent – now charging for not responding to sublet letter

4th January 2018

I’m in the process of selling one of my properties as I am fed up with the managing agent for the freeholder as they are just money grabbers and as a tenant I had in the property moved out I thought it would be a good time to sell. Anyway, I’ve received a letter from […]

Bank of England emblem symbolising decision to hold the Base Rate at 5%

Funding for Lending scheme ends for Banks and Building Societies

3rd January 2018

The Funding for Lending Scheme (FLS) was made available by the Bank of England to encourage banks and building societies to lend more to households and businesses. It did this by providing funding to these firms for an extended period, with the quantity of funding we provide linked to their lending performance. The FLS allows […]

Action to make the process fairer on debt rulings – What about Landlords?

2nd January 2018

Plans to protect consumers from unresolved debts which can damage people’s credit ratings without them knowing have been unveiled. The government has launched a consultation on how county court judgments (CCJs) are issued, after concerns were raised that some rogue companies were deliberately sending claims to consumers using incorrect addresses. Credit ratings can be devastated, […]

Tenant Eviction forms?

2nd January 2018

Hi all, it is extremely confusing where to source the latest version of an eviction notice: – Periodic Tenancy – All paperwork above board (EPC, deposit protected etc) – No arrears though one late payment So basically what I am trying to say is this should be a straightforward eviction so just trying to find […]

Joint tenants breaking up – New AST?

2nd January 2018

I have a couple on an AST. They have split up. One wants to remain in the property and move a friend in to take her place. I am assuming that I will have to conclude one tenancy and start a new one. Can anyone confirm this for me? Also can anyone recommend where to […]

Croydon Council Croylease scheme

2nd January 2018

Hello everyone, I have a 5 bed house in Crystal Palace which I am considering letting to Croydon Council under the Croylease scheme. Basically I let it to the council on a long lease, 5+years. They are responsible for the maintenance, insurance, finding tenants etc. I have no control over who it is let to, […]

New Government powers to ban landlords and additional HMO regulations

29th December 2017

From April 2018 any landlord convicted for the criminal offences of blackmail, theft,  handling stolen goods, harassment and stalking will automatically be banned from letting out property and added to the new rogue landlords database. In addition Housing Minister, Alok Sharma, has introduced new HMO regulations set to be passed by Parliament confirming all properties […]

I want to cash in and invest it for the children?

29th December 2017

Excuse my lack of knowledge, but my late father bought gold shares which are valued at £20k, I want to cash it in and invest it for the children by buying in a property up north (I’m Eastbourne). My partner and I own our property, and would like advice on what I need to do […]

Is your Landlords Insurance renewing in the New Year?

28th December 2017

Operated on behalf of Property118 by The Property Insurer in conjunction with Discount Insurance, our brokers GUARANTEE to beat the premium you are quoted elsewhere on a ‘like-for-like’ basis. What’s more, by using our recommended Landlords Insurance providers you will also be helping to fund the running costs of Property118.com so you save money and […]