I reserved an apartment in a new build block off-plan. I signed a reservation form and paid a fee of £2000. Having subsequently researched the quoted expected rental income (and finding it to be very much inflated) and realising that the estimated service charge was unrealistic, I decided not to proceed with the purchase. Eleven […]

In this article we reveal the detail of:- The history behind our legal action against West Bromwich Mortgage Company The Court of Appeal ruling and the knock on implications Other legal action campaigns we would like to take on as representative actions Details of the Property118 business model moving forwards Our business plan How Property118 intends to […]

I am on the process of extending my lease. My surveyor has informed me that the Freeholder’s surveyor is not authorised to negotiate the premium! Is this normal? My surveyor is going to contact and negotiate with my Freeholder directly. My Freeholder is a large company with more than a thousand property in their portfolio […]

I was wondering if anyone else was in a similar position to myself. My tenant is an offshore worker who is away for 4 weeks at a time. However recently due to changing work commitments the number of weeks is increasing. My insurance states the property shouldn’t be empty any more than 60 consecutive days […]

During the last few weeks I have been in the process of arranging one remortgage and one mortgage for my BTL that comes of a fixed rate and I have discovered that some of the lenders have terms that are simply unfair. The main ones are that they can at their will ask for the […]

We north of the border are moving away from Assured and SAT s to no term agreements. Tenant can up and leave with 28 days notice. No 6 month leases, no 1 year leases to give the landlord piece of mind, nothing. . We have to be at the whim of the tenant to up […]

I am trying to do a simple Statutory lease extension on a fairly ordinary flat in a block of about 40 flats. The lease has 93 years to run. A Section 42 notice has been served and both valuers have agreed a fair compromise figure of £5000 for the lease premium. However the landlord has […]

I’m really struggling to understand the SDLT implications for a transaction I have coming up, I hope someone here can enlighten me! I currently own a property with a friend who I am buying out. My partner will be replacing him on my mortgage. As she owns her own property already I assume the transaction […]

Back in 2013/2014 I was very active and at the time there weren’t as many investors around buying in Norfolk as there are today. I was frustrated because I was missing out on deals because I thought I could only buy property with my own funds. It became increasingly annoying when agents were calling me […]

I need help please identifying whether a property is an HMO. 4 stories with 4 self contained units each with cooking and bathing facilities. Number of occupiers unclear, but minimum of 4. However there is also a “communal room” with an en suite shower (i.e. it can only be reached via the communal room). There […]

The Sunday Times ran an article based on an interview with Chris Cooper a member of Property118 and co-litigant of the #TenantTax campaign group which hopes to force a Judicial Review of the phased restriction of tax relief for individual landlords. The articled, which appeared in The Sunday Times yesterday, was titled “15 properties and […]

Landlords, do you know all the changes impacting your property portfolio?  I am a postgraduate student currently completing a research project looking at the impact the recent legislative changes and proposed legislative changes will have on residential buy to let landlords. Whilst many landlords are aware of the major announcements surrounding the reduction of finance cost […]

Here’s a sneak peak into our new business plan which will impact  all UK buy-to-let landlords, not just regular Property118 readers and investors into Property118 Portal Limited. Please be sure to read the comments too. We are looking to launch a new business model offering similar services to a Trade Union, albeit for buy-to-let landlords.  […]

Tax Planning is the core business activity of Property118 Limited. Our landlord tax analysis software is used by 100’s of accountants throughout the UK to compare their clients current business structure to what it would be in a Limited Company. We made it incredibly easy to use, although it can appear quite daunting at first […]

I have 2 new tenants starting their new tenancy at the end of this month when they move down from Scotland. When they move in I will be on holiday and hence my son will do the check-in. I believe the Right to Rent checks state I must meet with the tenants and check their […]

Advice appreciated for my biggest venture yet! – 8 flats and a terrace of 4 2bed houses! I’ve redeveloped properties and done commercial to resi’ as well as conversions for buy 2 let but this is my BIG deep breath moment with mega funds needed to take this gamble(scratch Gamble – Substitute challenge!). I have […]

Many property investors are optimistic about the future of buy-to-let, despite the tax changes that were implemented on April 1st. Investors remain resilient, with some planning to add to their UK property portfolios by purchasing buy to lets across the country as tenant demand continues to outstrip housing supply. However, landlords are planning to add […]

I currently have a house to rent and am advertising on the usual sites. I have been contacted by a company and been made an offer which seems too good to be true. So it probably is! Before I dismiss the offer, I thought I would see if anyone else has experience of leasing to […]

In reply to our complaint escalation, Click Here, the BBC has sent this reply: “Thank you for taking the time to contact us and we appreciate that you felt strongly enough to write to us again. We have noted your points and are sorry to learn you were not satisfied with our earlier response. We […]

My flat has awful water damage because the landlord above failed to service his water cylinder for 6 years and it burst leaking into my tenanted flat. He accepts no responsibility and says his tenant refused him access for 6 years. This is the second time I have had water damage from his flat. I […]

Twice now I have had a judge question how I have signed an AST on behalf of my company. What is the correct way please? Many thanks Steve