Page 664 – Property118

Online Estate Agents seem too good to be true?

23rd December 2016

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 […]

Housing Minister Gavin Barwell raises concerns over the UK Leaehold system

22nd December 2016

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 […]

Landlord being repossessed and letting agency burying heads in the sand!

22nd December 2016

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 […]

Impossible to Get a Remortgage?

22nd December 2016

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 […]

Landlords considering refurbishing a property? Here’s what to look out for

21st December 2016

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 […]

Ex-Tory Mayor’s property company prosecuted for unlicensed HMO

21st December 2016

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 […]

Six Chinese factories to pump out 25,000 prefab homes a year for UK housing market

20th December 2016

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 […]

40% of London Boroughs have seen high street agent numbers fall

20th December 2016

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% […]

Ongoing new build flat window leak saga?

19th December 2016

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 […]

Ending a tenancy and sorting out a subletting mess?

19th December 2016

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 […]

80% of ARLA agents predict rent rises next year

19th December 2016

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 […]

Unable to obtain mortgage on auction purchased ex-local authority flat?

19th December 2016

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. […]

Negative equity and end of mortgage term?

19th December 2016

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 […]

Freehold directors removed me under company law and MOA?

19th December 2016

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 […]

Can they pull the rug out this fast ??

19th December 2016

I have had fully licensed 6 bed HMO for 5 years ( Basinghall finance mortgage ) who granted the change of mortgage 4 years ago, this company has been taken over by Bluestone mortgages in last two years I have just received a letter stating that I am in breach of contract and if I […]

Problem with drunk and threatening tenant

16th December 2016

We have a problem with a new tenant in an HMO house who has come in drunk and used threatening behaviour and verbal abuse against a couple also living in the house. Does anyone have any suggestions on our best course of action as I understand that if he refuses to go we will have […]

Can the system really be so stacked against the landlord?

16th December 2016

I’d like confirmation please that we are doing everything we can here. We let our buy-to-let property through an estate agent who also does the ongoing maintenance. We’ve had a tenant for 18 months who stopped paying rent in July of this year. When I looked him up on Google I discovered that he has […]

Council want their housing money back – £15,000!

16th December 2016

Tenant of over 20 years on housing benefit. Been paying their rent ok up to some months ago and then stopped due to ‘a problem with council payments’. Letter from council is claiming £15,000 back from them for an overpayment they tell me and they are trying to get it sorted out. The rent was […]

Second Floor Extension to my First Floor Flat

16th December 2016

I live in block of flats with my family (wife and 2 daughters). The block has got 47 flats in total. The first 45 flats are in the main block and 46 & 47 are at the back of main block. If you imagine like a detached house, Flat 46 is ground floor flat and […]