The Financial Policy Committee (FPC) has just published its latest Financial Stability Report. In a speech given by Mark Carney, the Governor of the Bank of England, it was confirmed there is evidence that the forecast risks to the economy were beginning to crystallise and the current outlook for UK financial stability is challenging. To […]

I am moving abroad at short notice and am only 5 months into a 5 year fixed mortgage. I asked the mortgage company for permission to let (they would not grant). I asked if I could convert to a buy to let but they want £7k which I cannot afford. I now see no option […]

I would like to ask the views and tap into the wealth and experience held within the property 118. I am planning on renting out a block of 4 garages which I see as a small investment with some good returns over time. My idea is to take a deposit on each garage using My […]

In July last year I let one of my houses to an HB tenant. The rent is £765 pcm with the local council paying £650, tenant topping up. Since that time the tenant has been consistently in arrears and I am always having to remind about payment, which eventually is paid. When she moved in […]

For tax efficiency purposes I had a property put into joint names – a transfer of title exercise. Is there a document or form I have to complete and send to HMRC of what I have done ? My lawyer has done all the other bits relating to the property transaction etc. There is nothing […]

I’m ready to exchange on a repossessed flat. I’m required to pay a hefty bill for works completed earlier this year (before my period of ownership). I’ve asked for exemption but the company insists. The property has been on the market for three months and there has been no offer higher than mine. Should I […]

Does anyone know: if a property should have previously been registered as an HMO but is only now in the process, can previous or current tenants make a claim for their last 6 months rent to be repaid? Thanks to anyone that can comment Jamie

The British public has taken the monumental decision to leave the European Union. What does that mean for those looking to invest in the UK’s property market? An Opportunity for Overseas Investors to Take Advantage of the Pound Sterling’s Short Term Weakness The pound sterling has been strong and stable currency. There is an opportunity […]

Since we won our case at the Court of Appeal against West Bromwich Building Society, mortgage borrowers affected by their tracker rate hike are now receiving their share of the £27,500,000 payout in respect of over charged interest and compensation thereon. I have been inundated with thank you messages of support on Facebook and other […]

Decision changes long-held legal precedent of the “But For” test The Court of Appeal today issued a landmark judgement in a professional negligence case that will have wide-ranging ramifications across the lending industry. The decision also sets a new precedent, in that it changes the legal principle of causation. Banks, building societies, asset based lenders […]

I am planning on renting my flat out on short term lets i.e. not ASTs.  My lease has 2 clauses which I need some guidance on: The flat must be used for residential purposes It should not be used for business purposes There is no restriction in the lease about how long I can rent […]

Homeowners and landlords alike appreciate stability in the UK property market, so being a nation of homeowners the majority of the UK will doubtless be thankful for a new top tier in Government. Our prediction is an all female team to fill the top two positions in the post Brexit Government with …. Teresa May as […]

Our reader figures are now in for the first half of 2016 and we are delighted to report that progress has continued to accelerate in terms of both page views and unique user numbers. A significant contributor to the exceptional Q2 growth this year, which is up over 300% compared to the same period last year, has […]

In a speech this afternoon at the Bank of England, Governor Mark Carney, confirmed that the Monetary Policy Commitee (MPC) may need to consider all monetary policy easing tools at its disposal following a “change in the economic winds”. This means that it is possible the MPC could consider supporting the economy by either decreasing […]

The Housing and Planning Act 2016 http://www.legislation.gov.uk/ukpga/2016/22/contents/enacted was approved by Parliament on 12th May and there will be a number of changes affecting landlords and property managers of residential properties. Recovering abandoned premises Currently, if a tenant has abandoned a residential property which has been let by a landlord, it is necessary for a landlord […]

I have now bought 2 additional properties on top of the one I already owned (100%). These 2 new properties (one single let and one Multi-let) have been bought with my wife (50% / 50%) and one with my wife and a friend as JV (not declared on the completion statement) which is in fact […]

I have Planning Permission to build a 2 bed end of terrace house with gross internal floor space of 79sqm onto the side of an existing rental house I own. Requests for quotes have gone out to 3 builders, one used before and other 2 from recommendation. I thought I could get it built for […]

I want to remortgage my BTL flat with a Lender that will allow me to Transfer the Property into an existing family Trust if I should want to do so in the future(the Trust has £80,000 of shares that are not performing well). There is no risk to the Lender in doing this as the […]

Changes to the process of accelerated possession, through applying to use High Court Enforcement Officers (HCEOs) to evict a tenant, has brought an end the so called ‘7-day eviction’ which were misleading for landlords as well as increased costs. The majority of residential possession claims are dealt with in the county court and enforced by […]

The majority of British home owners renovate their property for living in for the long term rather than to increase the price, according to the latest research. 67% of people are planning to stay in their home for more than five years and carry out work with the aim of building their dream home. A […]

In case Property 118 members don’t already know, the government has revived its proposal for selling off the Land Registry – despite having had to scrap a similar proposal made during the previous coalition government. If private corporations get their hands on the Land Registry, they’ll have just one thing on their minds – profits. […]