London Mayor Sadiq Khan hopes his living Rent plans will supply 90,000 new homes by 2021. The idea will set rents at no more than a third of the local average household income while tenants save for a deposit to buy a property. £3.15bn has been pledged to London from central government in the Autumn […]

Peterborough is one of the UK’s fastest growing cities in terms of the economy, population. and has excellent transport links to London and Cambridge. Yields of 7% are currently achievable due to insufficient rental stock to meet demand. There are also strong capital appreciation predictions as the city is currently in year 8 of a […]

Nottingham City Council (NCC) is looking to implement a citywide selective licensing designation, which proposes to license 35,000 residential properties at a cost of £600 per property. This designation will include all non-HMO properties in the city. They intend to undertake a 10 week consultation in the near future with the scheme to commence early […]

I have a 2 bed top floor flat in Aberdeen. The bathroom has a velux window but no extractor fan. The current tenants have asked me if I could get an extractor fan fitted as they feel there is a lot of condensation and don’t want the window open all the time. I would like […]

I’m a landlord that has a large apple tree within the back garden. It overhangs the public highway (end of a quiet cul-de-sac) which runs along the back of the property. As it has been that time of year that it usually deposits a large amount of apples on the footpath / road. As I […]

Legal Update It is really important that landlords are up to date with all the new rules coming in.  So you may be interested in this legal update page provided by Tessa Shepperson of Easy Law Training and Landlord Law. Tessa will also have a very special offer for Property 118 readers tomorrow so watch […]

Over 250 property investors from across the UK celebrated and joined together on Saturday 3rd December, at the Imperial Hotel in central London, for an Awards Ceremony and night of entertainment. The evening brought a diverse range of property investor’s together and showcased their achievements and projects which had taken place during the previous year. […]

I’m looking at venturing into the mixed use property market (e.g. shop on ground floor, residential above). Two reasons: No need to pay SDLT if it’s under £150k, even though I own multiple properties. Diversifying my portfolio so all my eggs aren’t in the residential sector. The property I’m looking at is freehold and is […]

I have a small block of three domestic flats and wish to sell the lease for the building, the ground rent for the three properties pays £1200 pa, up to 2030 2030 – 2055 = £1800 pa 2055 – 2080 = £2250 pa with provision for unforeseen extras Does anyone here know how to market […]

A survey at present on property 118 suggests 71% of landlords will increase rents as a direct result of section 24. Here is why I believe 100% of rents will inevitably have to go up. Like a lot of landlords, I have not increased rents to my tenants for the last few years or so […]

I am looking to buy in Norwich where prices have increased by 14.8% in the last 12 months. Frankly I don’t want to buy anywhere else as like to manage properties myself. In order to buy the house I am interested in, which has a very strong rental return I will need to pay asking-price. […]

It’s no secret that Manchester is an immensely popular city for investors. With an economy that generates £56bn annually and awards such as ‘Property Hotspot for the Decade’ under its belt, the UK’s ‘most liveable city’ is growing at three times rate of the national average. Those with a stake in the city will be […]

I purchased a flat with a sitting tenant and the tenant never paid his council tax bills for two years. The council has failed to get a response from him. Would I be liable to pay the council tax due on the account. I have purchased the flat in Feb 2016 and the tenant was […]

Looking for some help please. I have just incorporated to provide a managing company to my properties and to buy a future property through. I have always done my own self assessment as reasonably good with excel and numbers but can’t find any good templates or guides for when it comes to corporation tax and […]

From today, 1st December 2016, under The Immigration Act 2016, there is a new maximum criminal sentence of 5 years’ imprisonment for landlords or agents who fail to carry out ‘Right to Rent’ checks or remove illegal migrants from their property. With concerns that more than half of landlords don’t understand their obligations, Hamilton Fraser […]

In one of the properties I own the water is included in the services charges, which is very unusual but for the last 12 years hasn’t been a problem.  If the usage is particularly high (over 30 cubic metres in a quarter) I would look to charge the tenants, otherwise I include the water charges […]

An excellent opportunity to invest in an apartment in Basingstoke, where capital growth is projected to be 20% and net yields of 6% are achievable. Highly desirable due to its proximity to the town centre; easy commute to London, Southampton and Reading. Knight Frank and Savills reports confirm that the highest growth areas are those […]

We have recently had a BTL unit suffer severe water damage from an incorrectly installed toilet filling valve, which was cross threaded so over time it was inevitable it was going to leak, and the soldered joints in the brass piping in the bathroom walls had separated as they were not fully fluxed when first […]

As anyone considered what will happen when a landlord who can ill afford to incorporate goes to his bank or any other lender after 2021 to borrow money. Lets say for example the landlord has always made a profit of £30k but rises to £60k after 2021 based on the new tax regime. The conversation […]

Talking to my accountant this morning about buying properties to renovate and sell within a limited company he mentioned a thing called ATED – Annual Tax on Enclosed Dwellings. While it shouldn’t impact me immediately/directly (because what I’m looking to buy will be less than the threshold and I plan to sell rather than rent […]

Seeking advice on selling 3x BTL properties and keeping the freeholds. What clauses can be written into the lease for Ground Rent and Maintenance that will enable me to make money, are reasonable and will create an asset for later sale potentially. Property 1 is a standalone 2 bed coach house in a Swindon with […]