I need some advice about damage which resulted in loss of rent. I own a block of three non purpose built unfurnished flats which all have the same rent. In February during a particularly bad storm the middle flat, which is in a wing of the property had a leak on the roof and water […]

My Freehold landlord had several thousand pounds worth of work done on the building without any consultation with us. In fact we have NO idea any work was being done until we received a bill for thousands. We disputed the invoice and looked up advice online which said that the legal amount (under section 20 […]

Hi Guys, I am an overseas landlord. I used the services of a letting agent to fully manage my properties, and they were just awful! Needless to say I have now left them and found another agent. I went to the Ombudsman to complain (Ombudsman Services – Property) of which the letting agent are a […]

Hi all, we are in process of buying 2 semi-detached house (adjacent ones) from a buyer in a single deal of £1.5M (£750K x2). Our Solicitors have advised us that this will be treated as a linked transaction for SDLT and band rate of SDLT will apply on total consideration of £1.5M. We will appreciate […]

We redesigned the Property118 website to improve Navigation, searching and the general user experience and went live last Friday. Inevitably there will be a few Gremlins to deal with and we would really appreciate you help in terms of pointing these out to us. Please leave comments below and rest assured that we take all user […]

The UK’s longest running provider of tenancy deposit schemes, TDS, today launches its Code of Recommended Practice for deposit protection, continuing its on-going remit of improving standards in the private rented sector. The code (which builds on existing guidance to members) outlines the standards it expects of its members and covers: protecting deposits and serving […]

UK Finance which incorporates the old Council of Mortage Lenders (CML) has released estimated June gross mortgage lending figures showing £22.1 billion of borrowing up 9% on May figures of £20.3 billion. This is however, only an increase of 3% on the figures in June of last year which were £21.5 billion. Gross mortgage lending […]

The impact of recent changes to the way buy-to-let properties are taxed could create the next pension crisis as individuals are becoming over-reliant on property to fund their retirement years, says the leading landlord body in the UK. 77% of landlords, approximately 1.8 million, say they are reliant on their residential property investment for their […]

The Financial Conduct Authority (FCA) have estimated that 600,000 home owners will have their interest only mortgages come to the end of their term requiring repayment before 2020 and that nearly half will have a shortfall and approximately one third will have to find £50,000 or more to repay this shortfall. Therefore, many customers, especially […]

I own a two bedroom apartment in Leeds city centre. I am in negative equity and I want to get rid of it. Does anyone know of an organisation that will just take it from me and they carry on paying the mortgage. Any advice will be most welcome Thank you Peter

Caridon Landlord Solutions was set up with one purpose in mind; helping landlords secure solutions to any Housing Benefit (LHA) issues which might arise with local councils or DWP in relation to Universal Credit. Most landlords have encountered a problem where they have received a “Housing Benefit notification” stating the benefit claim has ended and […]

A local letting agent in Ilford, Essex has closed down his business and run off – no one appears to know where he has gone. A number of landlords including myself have been left in a position where we have tenants in our properties and don’t know how to evict them. The original tenancy agreements […]

Help and advise is needed; please forgive my grammar error as I write in pain and low spirit. I rent out my 3 House that goes for market price £1200.00 for £700.00 to a shady a Nigeria agent in Canary Wharf. Little did I know his intention / plan was to rob me of every […]

Universal Credit Webinar facilitated by portfolio landlord and Upad CEO Mr James Davis and Sherrelle Collman Commercial Business Director of Caridon Landlord Solutions discussing what Universal Credit is and the challenges landlords face. Please follow the link below to join the pre-recorded webinar: https://attendee.gotowebinar.com/recording/3755128360713859330

Does anyone know what the legal position is regarding an agent retaining the tenants deposit when they have been employed for a tenant find only? I already have an agent that manages my property and protects the tenants deposits, however, this agent claims that their procedure is to protect the deposits themselves through the DPS […]

I only have 4 properties, but fall into the ‘portfolio landlord’ category. The interest only mortgage on one expires in the middle of next year. I have approached the NLA mortgage team and found I can remortgage to Kensington, Paragon or Aldermore, albeit with a monthly increase of £80 – £100. (All mine seem to […]

1. Security No one likes to think too much about their property being burgled. As unpleasant a thought as it may be, your property’s security should always be reassessed each summer. Whilst Sheffield has seen a reduction in burglaries, reported cases remain high compared to similar demographic areas nationwide. In Broomhill, a thoroughly student heavy […]

If you are looking to raise capital to invest in a business, you could use the equity in your home using a second charge loan. The Mortgage Conduct of Business rules (which were established in 2004 by the UK financial services regulator) ordinarily limit a lender’s ability to permit release of equity from a home. […]

The English Housing Survey on the Private Rented Sector (PRS) 2015-2016 was released yesterday by the Department for Communities and Local Government. Click Here to see the full report Despite popular propaganda most private renters move, because they want to with only one in ten asked to leave by their landlord. 73% of private renters […]

My wife and I are expats who have been renting our property through an agent for 5 years. We currently own a four bedroom property (for bedrooms including a loft extensions). In October 2016, the previous tenants move out and the current occupants moved in. We were sent the documents with a recommendation that we […]

Commenting on the Government’s decision to U-turn on its controversial Making Tax Digital Programme, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said: “We are pleased that the Government has finally listened to the concerns raised by the NLA on behalf of landlords who would have been dragged into a system of […]