In June 2014 I bought a property as a retirement investment in Cornwall. It is in a lovely spot just 8-10 minutes walk from the coast. My tenants signed a contract in December 2014 and eventually moved in after the New Year of 2015. I now have to sell the property due to unexpected circumstances. […]

The Ministry of Justice has released the statistics for possession claims for the first quarter on 2016. Overall, there is a slight decrease in the number of possession claims, but the really shocking fact in the release is the news that the average time from issuing a claim to eviction by a county court bailiff […]

THE UK has voted to leave the European Union and the last thing you need to worry about is your landlord insurance cover. Your landlord insurance is remaining the same as it was yesterday and the day before that. The EU and Landlord Insurance The big UK insurers are well financed and operating within the […]

Will we see 0% interest rates in the UK post Brexit? Is this Independence Day for the UK property sector? Remember that before we joined the EU the UK still relied on mass immigration of workers. We still need immigration. In the 50’s, 60’s and 70’s these people came from outside the EU. They came […]

UPDATED ARTICLE At 22:30 on 22nd June 2016 we launched an EU Referendum Poll to see which way Landlords would be voting. The Poll confirmed that Landlords reading Property118 would be voting Brexit and as we now know, that is what happened. Interestingly, prior to the result being known, a greater percentage of landlords who took part in […]

The Governor of the Bank of England, Mark Carney, has just announced that £250 billion will be made available to the banking system to support liquidity and lending to UK business and households. The Bank of England has made extensive preparations in the event of a vote to leave the EU and will take all […]

We have a property that has been let on ASTs for many years. Last financial year we decided to try for holiday lets and had multiple tenants over a 6 month period. We then reverted to a 12 month AST. What are the tax implications of this. Also, as we were claiming the 10% W+T […]

Following on from my post on having my self contained units separately valued for council tax I now have the issue of what to do with the contracts that state that Council Tax is included in their rent? I am about to notify the tenants of this change but obviously will have to deal with […]

I just wondered what people think to this. I have 3 BTL mortgages. 1 fixed mortgage is up in December and another in July next year. The 10 year fixed is tempting with TMW as interest rates are currently so low. I’m also weighing up the option of 5 year fix. I’d be interested in […]

Who is Property118 Action Group For? The UK private rented sector is often described as one of the UK’s remaining “cottage industries”. Private landlords own around 4.8 million properties providing housing for around 22% of the adult population. There are thought to be around two million private housing providers (buy-to-let landlords) in the UK Private housing […]

My letting agent is supposed to fully manage the property, collect the rents, pay all bills, and pay me an agreed net monthly rent. Npower have now traced me as the property owner, and although the contract is in the name of the letting agent, say that if he doesn’t pay (which looks increasingly unlikely!) […]

The most common household type in the private rented sector (PRS) is now families, according to the latest research. This is the first time in the UK that families have been the most common household type in the sector. Families with children make up 48% of the sector, overtaking young couples which make up 47%. […]

I recently instructed a letting agent to find a tenant for a flat I own. I made it it clear that as an experienced landlord and a member of the TDS I would be holding the deposit and managing the property myself. This was agreed, written into the contract and signed by all parties. The […]

We are thinking of either renting our home out as a whole to a family or similar or venturing into the new world of renting out individual rooms. The house is in a great location, close to transport links etc. Have posted an add in spare rooms and already have received a lot of interest. […]

A small family Trust wants to buy an income producing BTL property from a family member by way of a Beneficial Transfer to both avoid SDLT, (as the property remains legally owned by the family member), and to preserve the mortgage held by the family member, (as a new lender would require the Trust to […]

My fellow Director Chris Badger will be hosting a complimentary webinar on Evicting tenants on Thursday 23rd June at 12.30pm. The webinar lasts an hour and you will have the opportunity to ask questions. Some of the topics we will be covering are the notices that need to be issued and the process of transferring […]

FREE ENTRANCE  On 29th June the Brighton Landlord Expo hosted by Association Residential Letting Agents (ARLA) will deliver a programme full of legislative updates, key topics concerning Landlords and Agents. This is an excellent opportunity to meet fellow Property118 members. Lesley Lindsay, a Founder Member of Property118 Action Group, has very kindly agreed to represent […]

It is predicted that upwards of 100,000 mis-selling complaints could be directed to Financial and Legal Ombudsmen over the next 5 years in respect of mortgage contracts which were not properly explained by professional advisers (mortgage advisers and solicitors). Each complaint costs the borrower nothing to make but results in fees being payable to the […]

I am a full time landlord and have a portfolio of properties that are all in my sole name. I am confused by the conflicting advice I have received from various tax advisers about incorporating via a property partnership to get around both CGT and SDLT.  I find the partnership route very murky and open […]

I am proposing to purchase a buy to let now which would obviously then be let, I then propose to pay off the mortgage with the proceeds from my present home and move in to the buy to let property when close to retirement. This will not be sold, my question is, do I in […]

I own a house and I want to make this my primary address and actually live there now as its almost repaired. I have been renting a property now for 10 years near my work. I do actually need an office and be close for meetings, and my company do not provide me with an […]