Page 635 – Property118

The lettings market we know will be radically altered over the next five years

13th December 2017

ARLA Propertymark Predictions for 2018 As we approach the new year, there are a number of hurdles on the horizon but scope to remain hopeful. With further interest rate rises expected, Brexit negotiations to overcome and the cost of living escalating, the property market could see significant changes. Almost three in five 59% of letting […]

You’re in Charge…

12th December 2017

You are now the Prime Minister/President/Absolute Monarch/Dictator of the United Kingdom… Your task is to restore the nation’s finances, to create sound economic foundations, and to ultimately break the current self-defeating cycle of: reduced tax yields -> higher tax rates to regenerate public services -> stultified economy -> further reduced tax yields -> even higher […]

New Report Reveals Need for Update of Housing Safety System

11th December 2017

A new report from the Chartered Institute of Environmental Health (CIEH) has revealed strong support for an update and review of the current Housing Health and Safety Rating System, which is used to take action on poor housing. The Housing Health and Safety Rating System (HHSRS), introduced in the Housing Act 2004, assesses risks to […]

747 Accountants In Our Network

11th December 2017

Thanks to a joint marketing campaign with Cotswold Barristers and AccountingWEB we now have a database of 747 accountants (and growing) who have taken the time and trouble to download a PDF explaining the BICT incorporation structure and the associated viability analysis software. Our plans are to share further proven structures with these accountants over […]

Go Big or Go Home

11th December 2017

Has anyone expertise out there in the best way to go about buying a property with a view to splitting the plot? I believe you can make a planning application while you are purchasing the property. However, is this going to be a realistic option if you need to make an offer quickly to secure […]

What is the difference between an HMO and a Self Contained Flat?

11th December 2017

I run a HMO which has recently been visited by an enforcement officer from the London borough after a failed application for a C3 to C4 change of use (based on the fact that the council states Article 4 does not apply to my property on their website.. but apparently it does). I am now […]

Letting to a Minor?

11th December 2017

I’ve been approached for a student let, but the student is under 18 (17 and not 18 until the end of next year) – it is a University Place rather than 6th form college (!). I was fine with it, but as he’d asked the question thought I should have a little dig and found […]

Section 42 noticed served to previous address?

11th December 2017

I am the freeholder of a property that consists of 2 maisonettes and recently discovered that a section 42 notice had been served to extend the lease.  However, I never received the notice as I have since moved. It has been over 2 months since the notice was served. I am unsure where I now […]

Property Portfolio Review Spreadsheet - Free Download

Landlords Business Restructure Spreadsheet

8th December 2017

Property118 Limited has just released a new spreadsheet for landlords and their accountants to download free of charge. The spreadsheet is incredibly easy to use and produces instant results. Find out whether it might be possible to restructure your business so that you only pay corporation tax on a significant amount of your future your rental profits, and […]

Tenant Referencing

8th December 2017

Good tenant referencing is an essential part of the lettings process as it will give you all the information and advice you need to make an informed decision about the tenants that want to rent your property. With a reference and credit check completed by Advanced Rent’s tenant referencing service, you can rest assured that […]

Divorce and GGT outside of the 12 month exemption

8th December 2017

My ex-wife and I are in the final stages of an amicable divorce. I am keeping the main residence, which we jointly owned together, and I am in the process of buying her out. I have already given her half of the money which she is due. In order to complete the buyout and financial […]

It’s only going to get worse!

7th December 2017

A few weeks ago, I started filming the new series of Nightmare Tenants Slum Landlords (due to air on Channel 5 in Spring 2018), and one of the eviction cases was for a landlord called Emmanuel in Dagenham. He was owed £6,000 rent by a tenant who unfortunately ran into financial problems, but failed to […]

Landlords beware of sublets and housing workers

7th December 2017

Recently in Norwich many landlords who attend our networking events have been hit by companies and people renting their houses. These people or companies rent house and then sub let or house workers. It been reported to us that in some cases houses have been over crowded, left in terrible states or utilities never paid. […]

Shipping Containers for the Homeless

7th December 2017

A shipping container village has will open this week for people registered as homeless with Ealing Council. It is the largest temporary housing project of its kind and will hope to provide shelter for 290 homeless before Christmas. The village is Made up of refurbished shipping containers on derelict land in Acton West London and […]

Landlord passed away during possession proceedings – Please help

7th December 2017

A local agent was employed to find tenant for my friends property. A tenant was found and they moved in. Unfortunately my friends husband became very ill and they needed the property back to house a farm manager. A section 21 was served by the Estate Agent, which the tenants ignored. Court papers were filed […]

Abandoned van how to remove it?

7th December 2017

I am looking for some advice I am sure someone will have an answer or point me in the right direction. I own a small block of flats together with the management company and freehold. It has been reported to me that a van has been parked in the car park for the last 6 […]

Luxury Retirement Home Investment In Stately Manor

6th December 2017

This Grade II listed building was previously the birthplace of British ex-Prime Minister Sir Anthony Eden. It will be sympathetically renovated to transform it into a luxury retirement property. Investors can purchase a suite in Windlestone Hall from £117,500 and receive 10% returns over a ten year commercial lease. The hall will undergo sympathetic refurbishment […]

Capital loss in UK and gain in USA – What CGT do I pay?

6th December 2017

I am selling one of my rental properties in the UK at a loss. Next year I shall be selling my holiday home in Florida at a good profit. My accountant has confirmed that I will be able to offset the UK loss against the US gain. However, he’s not very clear on whether I […]

ARLA report a increasing number of landlords selling up

6th December 2017

ARLA Propertymark have analysed their sales and lettings data to reveal trends and expectations for 2018. This year the number of Buy to Let landlords selling their properties peaked in March and April when agents reported a 33% spike in the number of landlords selling up. Rent increases are also up on last year. In […]