It has been reported that Peterborough Council have spent over £1million to house families in Travel Lodges since April This year. This is due to an increase in Homelessness in Peterborough from an average of 98 people per month to 150 in August. The Council is blaming this increase on the role out of Universal […]

I asked a plumber I have used before to check a leaking radiator at my tenants house as soon as he could. Four days later he turned up, tightened the valve connection and left, 2 minutes maximum my tenant tells me. I have now received his invoice for £90 to “tighten a nut”. Should I […]

Following the success of the first two series, Channel 5 has commissioned a third series of ‘Nightmare Tenants, Slum Landlords’, with Landlord Action as one of the leading tenant eviction firms featuring throughout the twelve-part series. As rents spiral ever upwards due to continuing pressure on housing stock, the dramatic observational documentary will continue to […]

Section 24 Tax Problems – Will your mortgage interest payments be taxed? The following breaks down, into three easy sections, the important questions of whether your mortgage interest payments will be taxed from 2017 onward, and if so what you can do about it. Identify the size of the PROBLEM, if indeed there is one at all What […]

The following appeared this weekend in the comments section of an article published on the Conservative Home website:- I am The Maluka. I am a rich landlord without a mortgage (I had to look up ‘mortgage’ on Wikipedia for the word was not in my vocabulary). Currently I house many, more than 100, DWP tenants […]

We at Property118 have often pointed out that the Irish government disallowed finance costs between April 1998 and December 2001, and the average rent rose by almost 50% from 600 Euros to almost 900 Euros. We inadvertently gave the impression that this measure affected existing loans, and was retroactive. Having found the TAX BRIEFING from […]

I’m in the process of purchasing my first HMO property and need some advice on purchasing in my sole name, or through an SPV company as I understand the interest relief will soon be gone for sole investors along with other changes. What if the same reliefs get changed for limited and SPV companies? Or […]

My tenants of 3 years moved out and did not clean the property thoroughly after moving out. I called in the cleaners including the carpet and paid £80, which I said will deduct from the deposit, as there were stains, rubbish under the bed etc. The lead tenant was not happy with this and said […]

Hi Everyone, I’m currently researching how technology is influencing property investments, and I was wondering two things: – If buying a property involves the 3 below steps, how much time do you usually spend on each step? 1. finding properties – X hours 2. verifying that they are right – X hours 3. closing the […]

I’ve recently sold my holiday home in Spain and realised a loss of about £100,000. If I sold one of my let properties in the UK, is it possible to off set the loss against the gain? If yes, must the loss and gain be in same tax year? Or can the loss from Spain […]

Is Theresa May (Maidenhead) or Philip Hammond (Runnymede and Weybridge) your MP?  We are active members of the Property118 section 24 campaign research team and have already met our own MP’s and a few others. The campaign team believes the important messages we are sending to the most influential MPs are not getting through. There […]

I own a flat in a block of 12. Years ago 10 of us got together and purchased the Freehold. I am one Director and there is another Director of the company, however the other Director is one of the two owners who did not contribute to the purchase of the Freehold. I was surprised […]

We rented a flat through a letting agent, a property that was fully furnished with the intention of letting it to students. He advised us to rent it to the council saying that it would be risk free as the rent would be paid and the property would be returned in the condition that it […]

Four students share a house that I have let to them under a joint tenancy on a fixed term which ends in August 2017. There is a proper tenancy agreement and the deposit is guaranteed in compliance with the law. There are no guarantors to the tenancy. The tenancy agreement shows a monthly rent due […]

Readers of This forum will be aware of the efforts of both myself and Property 118 to expose the shortcomings of various Local authorities, and how Landlords are affected as a result of the actions of tax payer funded public servants. The latest revenue raising scheme floated by Liverpool is astounding. The council want Landlords […]

An increasing number of private renters are now aged over 40, according to new research. 18% are over the age of 55 and another 22% are in the 46-55 age group. Those living in private rental accommodation under 35 made up just 39% of the market. These figures represent an important shift over the last […]

I was just wondering if anyone has any suggestions for a bit of a sticky situation. Having sold a property at auction, the auction house billed £12000 to the seller (prop. sold at 299000). On top of this, our estate agent has also just asked for nearly £8000. As the property was sold at auction […]

I own a Victorian terraced property which has an outbuilding, belonging to the neighbour, lying completely in my property boundary. It was one property originally apparently. The issue is that this outbuilding is falling down, but the neighbour refuses to repair or remove it and blames a tree of mine for causing the damage. She […]

I would be interested to know what other people feel about this behaviour from an estate agent? I saw a property that I very much wanted to buy and after having my original offer turned down I decided to offer the full asking price. I was informed that there were 2 other parties interested but […]

Our BTL flat is one of three flats above two shops. The Freehold of the whole building was sold in January this year. Repairs are needed urgently to the roof and yet after initial contact and several visits by surveyors, the freeholder’s managing agent is now ignoring all calls and emails from us and our […]

The #TenantTax campaign coalition has produced a document in PDF format which can be printed to give to people and/or saved and attached to emails. It needs to be shared far and wide. We also suggest sending it to all of your tenants and I suspect your local University Accommodation Officers, Letting Agents, Accountants, Solicitors […]