There are a couple of old threads (a few years old) on this already but welcome people views / ideas / help as things in the world have changed since then! I am pretty new to the property world and currently I have one BTL property with an okay return at 7.1%. I have got […]

I’ve been reading these forums since 2013 – when I followed Mark’s advice and began working with Lettings Supermarket. I’m now at a different stage of my property journey and could use some sage about JV Finance. I have found a property for circa £200,000 that I believe I can make circa £100k on in […]

Please can anyone help me find my light at the end of my tunnel? I’m looking to find an accountant who ‘understands property’ and will not tell me that Clause 24 is not that bad and well your rent is your pay. I’ve worked my socks off these last 4 years on my own for […]

I served a Section 8 notice on an AST fixed-term tenant who was behind with their rent. Twelve days later the tenant moved with 2/3 of their things, leaving 1/3 which they were going to move the next day. They kept the keys and didn’t attempt a handover. They’ve repeatedly said they’ll move their property […]

  “Section 24” of The Finance Act (No. 2) 2015  isn’t actually a tax change. It is an amendment to GAAP (Generally Accepted Accounting Principles). It changes the way that profit is calculated and then introduces “tax relief”. Let us be clear what Generally Accepted Accounting Principles are. If a business has income of £1,000 […]

Manchester grew its population by 19% between 2000 – 2011. What regeneration projects have been driving the boom in population and jobs in the city? NOMA, Spinningfields, Ardwick. To name but a few projects in the regeneration of Manchester. It’s safe to say that Manchester has experienced its fair share of regeneration in the past […]

Commenting on the High Court decision to the refuse permission for a Judicial Review of Section 24 of the Finance Act, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA) said: “This decision is ultimately disappointing not just for landlords, but for the tenants who will see their rents rise as a consequence […]

Maximum property earnings with minimum management has to be the holy grail for landlords, and now you can learn how it’s done with two of the nation’s leading experts. Paul Shamplina and Kate Faulkner have joined forces to share their unique combination of expertise in an affordable one-day course for investors and landlords who want […]

I have recently received a letter from the management company for my flat. This is it: “AS you are probably aware there was an increase in the service charge payments for this financial year 2015/16.which can be directly attributed to an increase in legal costs. Unfortunately one of the residents has undertaken legal proceedings against […]

I’m new to this and appreciate all comments/ opinions in advance! In a nut shell I’ve seen a couple of properties that appear to be reasonably priced, because they have charges on them. One of them the current owner is bankrupt and the other one though is freehold, but has to pay a perpetual rent […]

Hello to all the property118ers, I wish to get some feedback on the demand for a holding deposit and pre-sale contract with estate agents. This comes into effect after the offer is accepted by the vendor and 1% of sale price is taken up by the estate agent as holding deposit. This is non refundable […]

Letting agents had found me a couple for a finders fee and they had a six month lease which was paid regularly on time. Then the 7th month rent was not paid, when my husband contacted the tenant he said the girlfriend had gone, but he wanted to stay there and he needed a new […]

I’m considering setting up a business as an inventory clerk, producing check-in, mid-tenancy and check-out reports for either landlords or letting agents in the Cheshire area. I was therefore interested to know the following from other landlords and letting agents in particular: 1) What existing arrangements do you have for inventories ? Do you outsource […]

This year we have seen an increase in the number of readers, who are also developers, asking for help to repay commercial development finance on recently completed properties. Then looking to replace the borrowing with loans that fit what they need now post completion. Every development project is different, but Malcolm Jones (Principal of Brooklands […]

I have become increasingly frustrated at Shelter’s position on the Tenant Tax so have decided to write the following letter to Campbell Robb, Shelter’s Chief Executive. Dear Campbell, I am having some difficulty understanding why Shelter has not come out against the Government’s plans to restrict finance cost relief for non-incorporated landlords. As you will […]

We are considering changing our property’s from Joint tenancy to Tenants in common. I am a higher rate tax payer, my wife is retired. The 1% / 99% split respectively. Would we be allowed to allocate the income therefor reducing our tax liability. Many thanks Alan

Do you have a Nightmare Tenant? Would you like to expose them on National TV? Eviction Expert Paul Shamplina founder of can help with this. We are currently filming a third series of Nightmare Tenants Slum landlords and we are looking for current eviction cases. Please email [email protected]

I have a tenant who for the past year has been really playing up with his rental payments and thus used one excuse or another to pay late – sometimes months etc. Now he owes more then 2months rent (Aug 19th and Sept 19th) he has now refused to pay saying that he has informed […]

I have recently been to court to enforce a section 21 after the tenant didn’t move out on the required date. At the hearing I was told it would be dismissed due to the proceedings being done on line through pcol and the fact that I had put it all down to arrears. Ii asked […]

We are considering turning a Holiday Let into a BTL. No mortgage, so no Clause 24 problem, but we are concerned about the CGT implications. Can someone please compare the CGT calculations for selling a BTL and a Holiday Let? Many thanks, Lou

A fellow landlord found themselves in the unenviable position of landing a tenant whose history was hidden but rapidly caught up with them after only 6 weeks in the property. The paperwork was fine and the prospective tenant had a backstory worthy of Harry Pearce himself. Now, with 8 weeks hindsight the clues are there; […]