Page 688 – Property118

Help Needed In Brighton, Leicester and Manchester

20th June 2016

Can you spare a day to help us out in Brighton on 29th June and/or Leicester on 19th July and/or Manchester on 28th July? We need somebody to represent Property118 Action Group at a series of ARLA Expo’s. We can afford to pay up to £150 for each event to cover your expenses. ARLA have very kindly offered […]

Deposit Not Protected by agent and possession case invalid – help?

20th June 2016

I let my property through letting agent in July 2007. Jan 2008 he disappeared from the market and did not protected the deposit. I carried on with the tenancy and now want my property back for 30th June 2016(Notice section 21 served). The tenant is refusing to leave and I have to go to court […]

16% Increase in my commercial rent – fair?

20th June 2016

I currently rent a commercial property and I have just been hit with 16% rise in rent, this seems to be a bit excessive. To be fair I haven’t had a rise for 4 years, but even so it seems like a very large hike. Can anyone with commercial property experience tell me if this […]

Council holding back rent payment in 8 week backlog!

20th June 2016

My husband and I are relatively new to the buy-to-let business and we would value any advice. I let a property to a lady with three children. She is a single mother who receives housing benefit. In March my tenant got a part time job. She contacted the council who promptly suspended her claim for […]

Is there a law regarding noise from ceiling hoists?

20th June 2016

I am a part-time landlord with one property, but I am renting my flat. Recently a ceiling hoist has been installed in the flat below and I am getting less and less sleep as the downstairs neighbour goes to bed much later than me and also gets up at about 6.00am. I have spoken to […]

The Ambulance Chasers Will Not Stay Parked For Much Longer

18th June 2016

Discontent amongst borrowers with BoI (Bristol & West Mortgages), Skipton Building Society (Amber Homeloans) and Manchester Building Society is growing. Whilst all those borrowers with West Brom tracker mortgages are getting a full refund of their over-charged mortgage accounts and their mortgage payments put back to where they should be, those affected by similar rate hikes […]

What strategy for IHT when using a beneficial interest company trust?

17th June 2016

As a sole trader I am interested in the beneficial interest trust as a strategy, however the article doesn’t seem to address the IHT issue.  A discretionary trust has been suggested but the 45% tax and 10 yearly IHT tax seems counter productive, any suggestions. Many thanks Tony

Halifax varied my rate

17th June 2016

I took out a tracker mortgage to buy my home in 2004, was then relocated to Ireland in 2005 and I started to rent my house in 2006.  Halifax told me that I had to give up my tracker and go on another, higher, rate. This cost me twice as much. Has anyone had a similar […]

shawbrook

Shawbrook improves commercial products in light of SDLT changes

16th June 2016

Shawbrook Bank who specialise on Buy to Let, Commercial, Semi-commercial and Bridging products have opened up criteria and improved products in light of the recent changes to Stamp duty. Shawbrook anticipate the commercial market is likely to attract increased demand from investors looking to spread their risk across different types of property investment rather than […]

Do I purchase upstairs flat to take control of my building?

16th June 2016

We own a ground floor flat in an East London house converted into two flats in the 1970s. We have 120 years remaining on a 125 years lease. The upstairs flat has 60 years left on a 99 years lease. It needs refurbishing; we’ve had leaks through our ceiling. External maintenance has been neglected and […]

Lettingsupermarket.com Exceed Targets

15th June 2016

Having exceeded 100% of our £125,000 crowdfunding target we are obviously delighted with the support received to date .  The funds raised to date are in return for 5% of the equity in the business, thus confirming our valuation of £2.5 million. We would like to thank all investors who have participated in this round of crowdfunding. […]

Rent arrears fall by 16% since the financial crisis

15th June 2016

The number of tenants falling into serious rent arrears has been decreasing, according to the latest report. Tenants renting their homes from private landlords are less likely to suffer from a serious build-up of late rent as a result of falling unemployment levels. Only 86,200 tenants across the UK were more than two months behind […]

Court ruling gives confidence to landlords and mortgage lenders

15th June 2016

The Supreme Court has today ruled that rights to a private and family life need not get in the way of legitimate cases where landlords and mortgage lenders need to reclaim possession of a rented home. The Court had ruled that whilst the right to a private and family life, enshrined in the European Convention […]

#TenantTax Summit Report and Action Plan

15th June 2016

Myself and Steve Bolton would like to thank everyone who attended and supported the Tenant Tax Summit in London. It was an amazing day with around 600 landlords and industry stake-holders in attendance. Agendas and differences were put aside for the great good of landlords! Property Tribes were able to get two fantastic “star power” […]

Conservatives Betray Their Own – Open Letter @iancowie

15th June 2016

Open Letter to Ian Cowie of The Sunday Times  Dear Mr. Cowie, I am the leader of the Conservatives on my local authority who has never had a reason to doubt the Conservative leaders in 33 years of membership. Now though, I seem to be living in some alternate reality as the group I have […]

Landlords raise over £30,000 via Crowdfunder in just 5 days

14th June 2016

PRESS RELEASE A group 60 landlords raised £31,575 via the Crowdfunder website in just 5 days. Neil Patterson, a Partner in Property118.com said “We are delighted with progress to date as we are significantly ahead of where we expected to be at this stage of this particular fund-raising campaign. We have a five phase approach and we […]

Is it worth going to appeal against the council planning department?

14th June 2016

I am converting a warehouse with planning department permission into 3 dwellings the 1st of the dwellings I am renovating into a 9 bed HMO. The planning dept have kept me waiting for over 6months for a decision. Finally they have recommended for approval, but last week the council planning committee voted 9 out of […]

The Letting Partnership

13th June 2016

Property118 Action Group and The Letting Partnership have formed a Strategic Alliance Headed up by Jennifer Markham, a highly respected letting industry figure, The Letting Partnership is an award winning team specialising in the provision of accounting and administration support to letting agents nationwide.  They are leaders in the provision of outsourced client accounting services […]

Registered interest of a previous abortive purchase?

13th June 2016

I am in the process of purchasing a new build apartment. My solicitor has notified me of a unilateral notice which registers an interest of a previous purchase that became abortive. The vendors solicitor has confirmed this, but is unwilling to take an undertaking (a legal promise I take it) to have it removed only […]

Who is liable for no Gas Safety Cert?

13th June 2016

Can anyone please clarify whether I, as the landlady, or the letting agent would be held responsible if heaven forbid there should be an injury or fatality while the gas safety cert on my rental property is out of date? I have just signed up to a full management contract with a letting agent and […]

Mortgage Lenders Getting Defensive

12th June 2016

The Skipton and the Manchester Building societies have been very quick to comment on the Property118 Action Group win at the Court of Appeal against West Bromwich Mortgage Company. Both societies seem very keen to justify over-charging their customers by acting in breach of contract. Needless to say, they don’t see it that way! Skipton issued the […]