Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, highlights that as SWAP rates have seen a steep increase due to base rate speculation, the average two-year fixed rate mortgage is also starting to rise. Charlotte Nelson, Finance Expert at Moneyfacts, said: “While month-on-month figures show that the average two-year fixed mortgage rate has […]

Although Airbnb collected more than £675 million in rental payments last year their total payment to HMRC for corporation tax was £188,000. The commissions earned by Airbnb are booked through it’s subsidiary in Ireland, but they also have two British subsidiaries. It is one of these subsidiaries that made a pre-tax profit of £960,000, Airbnb […]

In 2012 I bought a flat in Manchester as an investment and I have rented out the flat for the last five years however I recently received a letter from the management company stating they were introducing a new annual charge of £126 to “Provide a notice and registration fee upon granting of a shorthold […]

I am curious about what happens if a tenant knowingly lies to get the tenancy, such as claiming they have a job when they don’t and or agrees to pay a rent they could never realistically expect to afford. Would that then be grounds for eviction? If so on the later would that what councils […]

We have one commercial lease (office building) wherein our tenants have denied their responsibility to carry out annual Gas Safe checks and Electrical Installation Condition checks. Do we have any recourse against them apart from invoking forfeiture of the lease for breach of covenants? Since these are statutory obligations, can we ask any regulated body […]

I’m a landlord with 5 properties – 4 in joint ownership and 1 in Ltd co. I have been lazy recently and not really bothered to look at insurance renewals and just called up my broker on receiving a renewal letter, haggled a bit and gone with that price for ease. I usually end up […]

My son has come up against a credit problem which, to be honest, has me and my accountant stumped. I have a number of buy to lets, and put his name on two of them never in a million years thinking I was going to create problems for him. He contributed nothing to these, and […]

I have a 3 bedroom Victorian purpose built (not a flat conversion) ground floor terrace flat which I let as a flatshare to 3 friends. I understand that makes it a non-regulated HMO. My estate agent says the property only requires battery operated smoke detectors. Reading various articles in the internet, I am confused as […]

Revisiting the site after a while with an issue that is making the wife and I sick with stress. We have a flat which we rent. We evicted the last tenant who owed us several thousands in rent and court fees. We still have not been able to get the bond back after the eviction […]

Caridon Landlord Solutions expert team assist landlords with tenants on Housing Benefit and Universal Credit by proving ad hoc advice on various issues that the landlord may face during the tenancy cycle from tenancy set up to overpayment disputes and appeals. Most landlords at some point during the tenancy are face with the issue of […]

I viewed a “re-possessed” property yesterday which was in a state. The agent wouldn’t confirm, but from what I can gather, the previous owner died in situ and was probably not found for a period of time given the staining on the carpet and smell. Apparently a couple of clients had viewed the property and […]

Theresa May’s grueling speech to the Tory party conference pledged to fix the broken housing market and to fulfil the “British Dream” for you people to own a home, but it was light on new policy details and money. On the PRS May said that she wanted to give redress to tenants where landlords did […]

Property expert Kate Faulkner has called for greater education of tenants and landlords of their respective rights and responsibilities in the rented sector to minimise conflicts. The founder of PropertyChecklists.com and consultancy Designs on Property Ltd made the call in a report on reducing conflicts in the PRS on behalf of Tenancy Deposit Scheme’s (TDS) […]

As we all know, student finances and debt are hugely sensitive subjects for all politicians at the moment. One of Corbyn’s key platforms has been student fees and the resultant debt that comes with them. The Conservatives have also had a pop in this space in the last week with a pathetic pitch to “limit” […]

AirBNB is a great idea to earn cash from renting your property for short timescales, but you will need specialist AirBNB insurance to cover the risk. Don’t worry, Property 118 can help and it won’t break the bank. Standard landlord insurance requires you to have a tenancy agreement for a minimum of six months. You […]

Hi, an estate agent who has been managing my property over the last 8 years has stopped paying me my rent. The original company was dissolved in August, but the director set up another company over a year ago called the same with a slight different twist on the name. It is the new company […]

I rent out a property where the rent is all inclusive of bills including internet. I have just received an email from the Internet Service Provider informing me that they have been notified of a copyright infringement – I.e. A tenant illegally downloading movies online. In this scenario, as I am the landlord who pays […]

The DWP guidance states: 8. Support and Alternative Payment Arrangements 8.1 Alternative Payment Arrangements and managing rent arrears If a tenant gets into difficulty paying their rent, the landlord can apply for an Alternative Payment Arrangement (APA) Managed Payment to Landlord (MPTL) which will be considered on a case by case basis. 8.2 Tenant in […]

AirBNB mortgages are now available from Together Money who have have informed our partner brokers that they will consider commercial mortgage terms for investors that intend to rent their properties using Airbnb. This is separate to their Buy to Let range where they require a standard AST as they consider the Host (the owner of […]

Landlords Ombudsman membership is to become compulsory it seems. In Theresa May’s interview on the Andrew Marr show (1st October 2017) she said that she wanted all private landlords to belong to a Redress Scheme like agents currently do, and that landlords should be incentivised to offer longer tenancies. Three Ombudsman schemes already exist for […]

With all the main focus on Universal Credit we almost forgot about the issues that we face with the well-established Housing Benefit administered by Local Government. For most landlords after years of learning the system many managed to resolve issues that they faced and was finally starting to get the hang of it. However, what […]