I used an established Letting agent to take on my tenant. However, as she had no references she paid 5 months rent for a 6 month contract. The agency never gained access to inspect, but continued on a one month rolling on contract. I warned the agency I was a month out at the end […]

Has anyone else had a problem with this situation? We let a three bed property on one AST naming the three tenants and the full rental price. The problem we now have is that two of the tenants want to leave and have given their notice, but the third person wants to stay, and is […]

To avoid second (and subsequent property) stamp duty I suggested to my conveyancing solicitor that my partner who has not owned property for several years use my funds to purchase a property (approx £60k) purely in her name and as a cash purchaser. We live together and plan to marry later this year. I have […]

I let an apartment out to a serviced apartment company using a normal AST. The company now unlawfully sublet out to a sister company without my permission, to their clients as serviced apartment rooms. What’s my position if I were to evict? Would it be easier than normal residential tenant eviction? Many thanks Mike

The “value”of Property118.com will mean different things to different people. For example, our readers may interpret the word value to represent the educational value of our content and forums. On the other hand, our investors might be more concerned with the financial worth of the business and returns on investment. Our role is to find a balance […]

The North West of England tops the charts as the best place to invest for high annual rental yields, whereas the South East benefits from huge increases in house prices. Despite George Osborne announcing an additional 3% Stamp Duty to be levied on the purchase of additional properties in his 2016 Budget, investing in property […]

I am extending my lease and FH made offer of: 1) Premium:£10,000.00 2) GR: Adjusted to £200.00 Per Annum subject to increase every 25 years in line with Retail Price 3) Term: Additional 90 years to unexpired term (99 years from 01.12.1986) 69 years +90 Years = 159 years Currently the GR is twice the […]

My partner is always having problems with her commercial landlord. Bottom-line – The property is shared between 4 different businesses and they all share the water bill. The landlord surprised her with a £900.00 water bill for her nursery dated since 2013. She asked for a breakdown, his VAT registration number and why 20% VAT […]

The recent Crowdfunding campaign launched by LettingSupermarket.com has just exceeded £100,000. The initial target was £125,000 and once this figure is exceeded the Directors have an option to close the campaign and take the funding or to over-fund and dilute their own share capital. Several Property118 members have contributed to the equity based crowd-funding and will […]

I have a mid terraced property the rear of which has a garden. The two sides of the garden are brick walls and the rear is a wooden lattice fence. The wooden fence requires replacing as it is coming loose from its concrete pillars. I have obtained costs for fully replacing the fence and supports […]

I have a prospective tenant who does not want to take out insurance on his own possessions ie furniture, valuables, hi-fi etc. Whilst I will have insurance on the bricks & mortar and my white goods & carpets, I don’t normally insure anything that belongs to the tenant as that is their prerogative. If this […]

My tenant is possibly going to prison soon for breaching his bail conditions. Will this allow for speedy re-possession of my property, or will I have to obtain a Court Order to gain re-possession? He has already been served a Section 21 Notice to Quit which expired a couple of days ago. I’ve instructed a […]

I have a very large garden, and I can access the bottom of the garden by the side of my house, I want to know how I can find out about what I need to do to get a value and possibly sell the land. Many thanks Brenda

I have a tenant who has enquired as to whether we will allow them to keep a budgie in the property. Not having any personal experience re having a bird as a pet I wondered if any other Property118 people have experience of this particular choice of pet and whether there is anything that we […]

I have just taken over a property which has 5 students living in, when swapping information about the tenancy, I was never told that the property was being managed at a cost of £450 per month! This was also not shown in any information I had received from the old owner. When I called to […]

I have owned a flat for about 7 years or so, I am a leaseholder, the lease has about 120 years or so to run. It was formally owned by the local council and the council have sold the block to an independent Landlord. I have the first floor flat. The new Landlord has also […]

I have 70 years left on a lease on a flat in London with a £100 ground rent with annual RPI linked uplifts. I am currently looking at a lease extension and I was wondering if the freeholder will include the potential increase in value of the ground rent from increases is RPI in the […]

I have a property that I have rented out before through an agent. My current tenants are moving and I have a friend of a friend who would like to rent my property, how do I do all the checks on them and can anyone recommend or advise me on how to do it. Thank […]

I Bought/Reserved a 30th floor flat from a developer in summer 2013 and was told that my flat is the highest floor with a balcony. That means I will have an open sky balcony. This is definitely a great feature with significant added value to the flat. Now as the building approaches the completion, I […]

Foundation Home Loans will increase its rental cover requirements to 145% for individual applications, but leave limited company products at 125%. Simon Bayley, commercial director, said: “There is no doubt that with the new restrictions on tax relief which landlords can claim back and now the hardening of the rental cover calculation, the limited company […]

Capital Gains Tax Reduced – from 28% to 20% for higher rate tax payers and from 18% to 10% for low rate tax payers from April 2016. However there will be an 8% surcharge on residential property leaving Landlords selling at the same old rate! My wife and I own a single title building where […]