I have 10 Buy to Lets in Kent worth approximately £1.5million before CGT. Mortgages £18,000 year. Yearly rental £85,000. Most of my tenants are long term 3-5 years and this year I have increased rents moderately. I don’t want to increase rents further as I will lose good tenants. I am open to moving abroad […]

The July to September 2016 landlord possessions data from the Ministry of Justice continues to show an extremely long delay for the enforcement of possessions orders by County Court Bailiffs (CCBs). The average time from claim to repossession in this quarter was 42.5 weeks, 1.2 weeks longer than the same period in 2013. The time […]

Lord Beecham has been the Shadow Spokesman for Communities and Local Government (CLG) since October 2010, and for Justice since September 2012, and for Housing since September 2015.  Quite a workload, in addition to being a Councillor in Newcastle-upon-Tyne since May 1967, and consultant to Beecham Peacock Solicitors in that city. He is anti-BTL. He […]

A few weeks ago I wasn’t at all happy with the RLA (“Residential Landlords Association”) and I published a rather damning article entitled “Are the RLA losing the plot?” Well, by my reckoning, they have now redeemed themselves with a “Call for tax rethink after stamp duty windfall“ In an article yesterday on the back […]

Since 2011 Santander Buy to Let mortgage contracts have stated the following: “a) …a reasonable time before any opportunity arises for a review of the rent payable under the lease, you will get written advice from a qualified valuer who is a member of the Rics whether the market rent at the date of the […]

I’m here for some advice. As a family we are downsizing our house from £580,000 to around £300,000 and looking to invest the remaining sum in property to have some rental income. I read a book about Buy to Let properties and it looks like a win win situation, you pay a small amount of […]

I bought a flat in London(residential mortgage), whilst working as contractor close to Brighton. The idea was to move to London as and when the contract finishes. I lived in my new property for initial three months, but had to move back to Brighton as I was having few health issues and the commute was […]

I plan to buy a house as a buy-to-let investment. The sellers have asked if they can continue to stay at the property (and pay rent) for a couple of months while some work is carried out at the house they are buying. I have no problem with this as I plan to rent anyway. […]

In the last three months of 2016 HMRC earned £519 million extra from the 3% surcharge payable on Stamp Duty for second homes. This was from the purchase of 62,800 second homes in Q4 up from 56,200 in Q3 and 30,400 in Q2 2016 with the total revenue take amounting to £1.19 billion. In an […]

Furness for Intermediaries has launched a regulated “family” Buy to Let 5 year fixed rate product. A regulated family BTL is where it is your intention now or in the future to have a close family member live in the property. This includes in the horizontal family tree plane Brothers and Sisters and in the […]

I was thinking about Section 24 and the news that Hammond recently commented that if we could replace the revenue expected from S24 he would consider its repeal. Revenue from S24 is due to be £665m/yr after the 4 year implementation, so I got my thinking cap on. I came up with a 2% rental […]

I have paid hundreds of pounds in council tax in the last 12 months on empty properties. Mainly between tenants, when the properties have needed extensive work. My requests for exemptions more than 1 – 3 months have fallen on deaf ears and most recently I had a tenant who asked if he could sign […]

I have been reading this website for a while and found it extremely helpful! So I was hoping someone can may be point me to the right direction. I have an end-of-terrace ex-local authority house in outer-west London. Next to it there is a piece of land which is not used by anyone except that […]

Ok, some background on the Tenant (single lady), been in the property 8 years, claims housing benefit which is paid direct to herself, never missed a payment (in fact notify’s me every month when the payment has been made), basically the perfect tenant. So on the 28th Dec she informs me that she was admitted […]

I have a tenant who has been served a section 21 at end October ’16 (contract expired 31/12/16) but still refuses to budge. My landlord Gas Certificate (CP12) expires shortly. Obviously without a landlords gas certificate, if the boiler is continued to be used, I’m in deep trouble if anything were to happen (CO poisoning […]

My tenant has asked for her chimney to be swept as soot has blown down onto her new carpet during a very windy spell. The property has full gas central heating, but also has a gas fire which the tenant had installed at her own expense before I acquired the property. My tenant has told […]

I bought my first house 35 years ago and since then have bought (and sold) houses in the region of 20 times. In each of these transactions I have had to ‘instruct’ solicitors to do the necessary legal work. Looking back to the early days, the time frame for selling or purchasing a property usually […]

In an article for the Northamptonshire Telegraph Councillor James Burton was reported as below: “The problem is one that has affected councils across the country, and Cllr James Burton (Con, All Saints) says it is not one members are taking lightly. He said: “Homelessness is happening throughout the country, not just in Kettering. It is a […]

This has been written by Paul as a Brand Ambassador for Hamilton Fraser Historically, there were two key things that could cripple a landlord financially; rent arrears (where the tenant does not pay rent on time) and void periods (when a property is empty). Now however, there is also a third caveat that landlords need […]

I’m not good with numbers. I’m an illustrator!! But I am also a desperate illustrator (many of us are). I can’t afford to live in my own home despite all the part time jobs I do and the books I publish. I live in a beautiful place by the sea, expensive, much in demand from tourists, […]

Hi All I am a new member to Property 118. I am an Investor building high yield property portfolios in the North of England primarily the North West. Like most Landlords I have been concerned at the trend of Government policy. I am not an economist or an expert but as an informed observer my […]