The Financial Conduct Authority (FCA) defines a high net worth individual as someone with an annual net income of no less than £300,000 or with net assets of no less than £3,000,000. These net assets can include residential property and, consequently, there are many people who may be considered as high net worth on paper, […]

Dear Mr Duncan Smith, Thank you for your reasoned comments in the Sunday Telegraph on 18th June regarding the treatment of private landlords by the current government.   I apologise for the length of this correspondence, however, the changes affecting landlords is so broad-ranging and complicated, I haven’t been able to condense it any further. The […]

A sure sign that a person or organisation knows they are wrong is when they cannot answer to the truth and instead silence their critics. Shelter is currently doing this to anyone who raises serious questions about their remit and activities. In the last week alone several landlords have been blocked by Shelter from commenting […]

Pet lovers often feel they have to hide their animals from their landlords in order to secure accommodation, a new survey has found. The research revealed that 27% of UK renters with pets DID NOT notify their landlord about their animal prior to moving in. Half of respondents, in a survey by animalfriends.co.uk, owned a […]

My wife and I are looking at the implications of a title split on a property we own. We have obtained the necessary permissions and nearly completed the work to separate an extended 5 bed house that we jointly own into two separate dwellings (houses not flats). We wish to mortgage these separately and we […]

Are you looking for another landlord to form a partnership with for tax planning purposes? We regularly speak to landlords who would be far better off from a tax perspective by incorporating their business. However, they are single, have less than 10 properties and don’t know who to go into partnership with. Therefore, HMRC do […]

One of the new features we have added into our website design is links to related articles, which you will hopefully find useful for additional information. These links are to the right of the article you are currently viewing, however, we don’t feel they are obvious enough. We are looking for design ideas to make […]

Amir Golesorkhi turned his garage into two small, substandard flats and had been letting them out to tenants for seven years while he was living in the main house with his wife in Colindale, North London. Harrow Crown Court has found landlord Amit Golesorkhi guilty of breaching a planning enforcement notice served by Brent council […]

I have a tenant in arrears. The deposit was unprotected (i.e. not re-protected at renewal due to an admin error) I offered the tenant the chance to use the deposit against the arrears, we agreed and he signed a letter stating the deposit had been returned. (This was around 2 years ago) We are in […]

Four people from the Cambridge Centre for Housing and Planning Research (CCHPR) wrote the report, and a summary, for the Joseph Rowntree Foundation (JRF).  That is to say, four of its members are credited with writing it.  But it looks as though Generation Rent has had a hand in it as well.  Statistics about one […]

Section 8 and Joint Tenants I rented a property to joint tenants (couple) who are now in a statutory periodic tenancy. Approximately about two months ago one of them was arrested and ordered not to go anywhere near the property or to have and links with the remaining tenant in the property. More recently, the […]

I read the RLA’s response to the JRF report on evictions and went on to read the full JRF report. Given it is built on interviews with 145 tenants who were Shelter clients it was never going to be unbiased was it? This is just one example of the spin in the report: Reasons reported […]

AIRBNB Management seems to be a big growth sector, particularly in London, Birmingham, Edinburgh and other big cities. I haven’t been able to find a National operator yet but I suspect it is only a matter of time before we see them launching. I have looked into this in some detail and many of the […]

Many years ago I did a management training course with a human behavioral psychologist and an also an accomplished author. You may have heard of him or read some of his books. His name is Dr Ken Blanchard, author of ‘The One Minute Manager’, ‘Whale Done’, Gung Ho! and many other best sellers. One of […]

The UK’s leading property investment show has brought the controversial subject of landlord licensing and laws into the national press by its Expert Property Panel, including Iain Duncan Smith MP and David Smith, the Economics Editor of the Sunday Times. The Property Panel and the coverage around it sparked interest from The Times, The Telegraph […]

There have been recent articles in Property118 from readers regarding lack of support for landlord complaints against agents. However, The Property Ombudsman (TPO) redress scheme have expelled three agents for two or more years for failing to pay complaint compensation awarded to landlords by the TPO. The three companies expelled were Blackhorse Property Management Limited […]

I have a Buy to Let flat which is part of a complex which is currently let to two international students. However the residents association seems to have taken against students being able to rent these flats and is quoting the below clause in the lease: – “Not to use the Demised Premises or permit […]

You can now buy top level Rent Guarantee Insurance through Property 118, offering high level cover with no excess at all. Click Here Rent Guarantee Insurance protects landlords from tenants defaulting on rent payments. It takes over and pays the rent when the tenant fails to do so. Benefits Up to £6250 rent covered per […]

Did you know that HMRC’s internal manuals relating to Landlord Incorporation are published online and can be viewed by the general public? Below I have published links to these manuals, which can be very insightful for both landlords and their accountants, but they are no replacement for the Consultancy Services provided by Property118 Limited. This […]

This time last week we unveiled a fresh Property118 website design and new functionality to improve Navigation, searching and the general user experience. One of the new features we have added is a ‘hover-over’ function which appears when your mouse cursor is placed over a members name or Avatar. The date of when the member joined […]

If there is one thing that Grenfell Tower has taught us it is that it often takes a catastrophic event for people’s serious concerns to be listened to; before the Grenfell fire, the tenants’ were forced to dice with death on a daily basis while their reports of the danger they were in went unheeded by […]