I read with interest Dene’s post in respect to exceeding the term, repossession by NRAM and his regrettable position. 9 years ago I took a 10 year term mortgage at 0.5% above base. This was arranged direct with Woolwich over the phone –a different era! This is a substantial interest only mortgage which my then […]

I in conjunction with Property 118 have been instrumental in exposing the flaws in this rotten licensing scheme. The RLA have stated that Liverpool made amendments because of their representations. The reality is that the Data breaches and non conformity with the de regulation act were first flagged up by myself in conjunction with Property118. […]

I have some buy to Let properties in my limited Company and also in my and my wife’s private names. I am looking to purchase properties for longer term Buy to Let and to Flip. How should I buy these properties i.e. BTL through Ltd Co or private names and how should I purchase the […]

  My 30 year love affair with home ownership is well and truly dead. I am divorcing myself of it. I will NEVER buy another home to live in. For three decades I have been advising on finance and property and building my own rental portfolio but it has taken me until now to realise that […]

We often read about people living in London, Cambridge and other areas where property prices are at a premium and beyond the reach of most first time buyers. I fully understand their frustration because, in many cases, as fast as they can save a deposit, the amount of deposit required increases at a faster pace. I have been giving […]

Local Government Association (LGA) figures report that 12,246 council homes were sold to tenants under Right to Buy in England during the last year and that only 2,055 were in the pipeline to be replaced by councils. This is a decrease in replacement social housing by 27% on the previous year and is an indication […]

This week a landlord based in Scotland very kindly bcc’d me into an email he sent to his MP. I felt it was well worth sharing on the basis that it may inspire YOU to educate YOUR MP by writing a similar letter to him/her. Naturally, I have redacted personal details for the purposes of confidentiality. To find contact […]

NRAM is repossessing our BTL property, because we have exceeded the term! My wife and I purchased a BTL property in June 2007 unfortunately despite telling our advisor this was a long term plan to pay off our residential mortgage and for retirement he advised an interest only mortgage for 7 years. When I asked […]

I use a letting agent to manage a few of my student HMO’s. The current tenants have paid a full twelve months up front as they are international students, however my letting agent pays me on a monthly basis. I phoned up NALS as I was researching a letting agent for another property in a […]

Readers of property 118 will recall that the ICO ruled that the application form for Liverpool landlord licensing was deemed to be in breach of the data protection act. Furthermore the condition relating to ASB was in breach of the deregulation act. It has been brought to my attention by several landlords that the authority […]

We let a 3 bedroom flat as an HMO accommodating 3 tenants. For the most part this has worked very well with the odd hiccup, usually caused when one of the occupants fails to wash up and tidy up the kitchen after use or consistently leaves the bathroom in a mess. Up to now we […]

31% of EU citizens living in the private rented sector (PRS) say they are worried that the result of the referendum will make it harder for them to rent in the UK. The findings, from the National Landlords Association, also show that 25% say they are worried that landlords would be less willing to let […]

The most expensive rental areas across England have been revealed in a new study. Figures published by the Office for National Statistics have revealed that renters now spend more than a third of their disposable income on rent. London unsurprisingly comes out on top when it comes to the most expensive hot spots. A tenant […]

I own a property that I bought on a five year fixed residential mortgage. My circumstances changed and I moved in with my girlfriend and we then had a baby. I got consent to let from the bank who approved it and we’ve happily rented for the past two years whilst tenanting the property. We […]

A friend is looking to buy a property but discovered that it may have been built on a farm or small landfill site. The conservatory was replaced and underpinned (insurance claim). Homebuyers report and brief inspection by a structural engineer show no problems. How easy would it be to insure? (some brokers have already refused […]

The Court has allowed us possession following a S8, tenant is to leave within 14 days. If tenant does not leave, then I have to ask the court to allow me to appoint bailiffs. Altogether about another 6 weeks and £1000. I would like to negotiate with the tenant to induce her to leave but […]

More private tenants than ever before are on benefits and falling into arrears. Britain’s Benefits Tenants series 2 starts Wednesday 10th August 9pm Channel 4. This return series episode 1 of 3 follows letting agents trying to keep private landlords and tenants happy. This should be worth watching and discussing on comments below to see […]

I purchased a property in 2007 with my Mother. My Mum’s name purely went on the mortgage for loan purposes (as her salary allowed me to get a larger sum). I have always paid all expenses and lived at the property. This month we completed a Declaration of Trust to state that I own 100% […]

We paid a £400 holding deposit (half of the full deposit amount) for a room a few days ago. The room is currently still in use and will be in use by the current tenants until the end of the month. We received a receipt (with no terms and conditions) for the £400 and an […]

We have agreed to rent to a charity and have been told that an AST can’t be used. Can anyone point us in the right direction for the correct tenancy agreement as the NLA don’t have one. Also, does anyone know of any pitfalls we should be aware of? We have been landlords for many […]

Prime central London has seen rental values increase over the past three months as a result of greater demand from people looking to rent, a new report has revealed. Greater numbers of people are looking to rent rather than buy property in the capital city, particularly in the boroughs of Kensington & Chelsea and Westminster. […]