Could not get a £30k BTL mortgage on a £380k house that has had a >95% occupancy since 2002. The conversations with various banks went something like this Ah Hamish, you’ll have had your tea. I have that Banker. We’re here for a modest BTL mortgage and you have various products that interest us. Aye […]

I want to buy an HMO which is already held in a SPV Ltd company. I want to retain the same structure going forward and therefore want to buy the limited company. I’m looking for a lender who understands the transaction, where ultimately they would be valuing the asset held in the limited company and […]

If you don’t want to pay more tax as a result of Section 24 of the Finance (No.2) Act 2015, which restricts mortgage interest relief for individual landlords, you don’t have to. In the vast majority of cases it is optional, but only if you take positive action! Throughout 2016 Property118 has discovered and published […]

Thank you all for your support this year, 2016 has been a good one for us. My wife and I emigrated to Malta, visited the UK and Rome and we are now in Russia celebrating a white Christmas. Above anything else we enjoy spending time with our family and sharing the good life with them, and […]

I’m a landlord of two houses. I use an agent to manage them. He is a sole trader and really the business is him. He was a terrific man and sadly he died last week. I spoke with his widow when the rent for one of the houses didn’t come to me. She explained about […]

Stamp Duty Land Tax (SDLT) revenue has increased by 12% to £7.7bn for the first eight months of the 2016-17 financial year compared to the previous year despite a 9.9% decrease in the number of property sales. Purchase transactions for this period April to November 2016 fell from 868,000 last year to 782,000 this year. […]

Hello an online estate agent is offering a hard to believe marketing deal to advertise property on all the big sites for an absurdly low £99 until sold. Ive found sites that are costly compared to what it cost say four years ago so how come can these agents undercut everyone? Also why are High […]

Gavin Barwell was speaking at a debate on the Leasehold and Commonhold Reform Act of 2002 and said the leasehold system has widespread problems that need addressing and produced results of the National Leasehold Survey 2016, which showing 57% of leaseholders agreed with the statement “I regret purchasing a leasehold property”. Housing Minister Barwell went […]

So, the short of this is, my partners rented property is being repossessed. She passed on information that the mortgage was in arrears following a solicitors letter to the letting agent who told her ‘we will freeze payments to the owner, and investigate’. She heard nothing until last month when another letter came and informed […]

Hi there. I have been renting a property out for the last 15months (having lived in it beforehand) and have really struggled to get a mortgage. Current Rent: 620/pw Current Mortgage: 417,000 Property Valuation: 650,000 Employment: Aug 2016 onwards (so 4months continuous employment) I have been told that the criteria is too low from so […]

As 2016 comes to a close, many landlords will be reviewing their portfolios in order to find ways to protect their profits in response to a number of changes to the private rental sector this year. While some landlords may consider selling unprofitable properties, other options of improving profits could be to extend portfolios or […]

Mark Shooter, last year’s Conservative Mayor of Barnet, is a director of Kingscroft Estates who have been prosecuted for renting out an unlicensed HMO next to Mornington Crescent tube station in London. The company was ordered by Highbury Corner Magistrates’ Court  to pay £8,540 for a property housing 14 tenants with one small kitchen. Environmental […]

China National Building Material Company (CNBM) is to use it’s industrial power in a £2.75bn joint venture with UK housing association, Your Housing Group (YHG) based in Warrington and renewable energy supplier, Welink. This partnership is planned to help ease the massive under supply and pent up demand for affordable homes in the crisis hit […]

The impact of the slowdown in the London property market has seen the number of high street estate agents fall in four out of ten London boroughs this year, according to research by online estate agents HouseSimple.com However, across all boroughs, the number of high street estate agents has increased this year, albeit by just 0.5% […]

I have a 5th floor flat which for a number of years has had a leak, the leak only happens when the wind is in a certain direction and the rain I a certain size, and even then will sometimes leak like a tap and other times a drip. When I originally noticed the problem […]

I have a property which I have had tenants in for 9 years. The rent is now well below market rent and I wish to bring the tenancy to an end, tidy the place up (if it needs it – the tenants look after it very well) and re-let. They have always paid the rent […]

In the first report from ARLA since the announcement of a ban on letting agent fees, 80 per cent of agents expect rent prices to increase next year. Following the Chancellor’s announcement to ban letting agent fees for tenants during his Autumn Statement, 80% of agents expect to see rent hikes in 2017. Demand for […]

I’m in a bit of financing conundrum and was hoping your good selves might be able to provide some potential strategies for financing. So the situation is, I purchased an un-modernised 2 bed split level (80sqm) flat in a council estate at auction for a bargain price in May 2016 into a LTD CO SPV. […]

My brother has been letting out a mid terrace house privately to a tenant for three years, lady with children and a dog, then three months ago it went to council rent – only one month was paid and then they told him she was leaving. She stopped paying rent and he cant get into […]

I have 2 properties both in negative equity to the tune of about £30K each on interest only mortgages. They are tenanted and mortgage payments have always been paid. The mortgage term ends this summer and cannot be extended. I have no assets at all having lost everything in the credit crunch and cannot see […]

I have been ganged up on by two directors who are acting improperly and have conspired and colluded to remove me tactically under Company law and MOA (Memorandum of Agreement). This leaves me as a shareholder with no say in the management of my property. I have now no say whatsoever and they are trying […]