I wish to sell one of our rental properties this summer. Tenants have been in the property since February 2014 and have always paid on time. I am just 10 days away from the deadline to serve a notice requiring possession after the 22nd June 2016. I have complied with all requirements like EPC, Gas […]

My wife is terminally ill, she has weeks or a few months to live. We have a BTL property that has equity around 200k and I want to re-mortgage it to get the money out, 75% say, (no time to sell and I don’t want to do that) and she can use half to do […]

I’ve been trying to get a new mortgage to cover existing mortgage (£35,000), add extension, funds for refurb and lastly deposit on BTL in Eastbourne, total required about £140,000. Through this I’ve discovered I’ve only been a guarantor to the parents mortgage for 15 years. Nat West are the only bank willing to give me […]

I have a question about the new SDLT rules, and I am hoping someone is able to assist: For inheritance purposes (7 year rule), a few years ago, my brother and I were added to the deeds of 3 x properties owned by my parents. Those three properties are not my main residence (they are […]

Following our recent article on the new process for evicting tenants from residential property under a High Court writ of possession, we now have more information to share with you. In her recent practice note the Senior Master of the Queen’s Bench Division has announced a new form to be used when applying for permission […]

Increasing numbers of buy to let landlords in the UK are now considering moving their property investments into limited company vehicles. This move is a likely response to landlords facing more property tax and experiencing cuts to mortgage tax relief. 41% of 1,400 landlords who took part in the survey indicated that they are considering […]

For those new to buy to let and considering the letting of their current home, in order to buy another for themselves (usually at a higher price) there is a way to avoid the 3% SDLT surcharge on the more expensive property by following this strategy. Create a new limited company and sell your current […]

PRESS RELEASE Mark Smith of Cotswold Barristers has confirmed the date and time of the Court of Appeal hearing in the case of MARK ROBERT ALEXANDER (as representative of the “Property 118 Action Group”) Claimant – and – WEST BROMWICH MORTGAGE COMPANY LTD Defendant will be at 10 am on Thursday 28th April 2016 at Royal Courts of Justice, […]

Just had a quick question about how Housing Benefit is paid. I have two properties rented to the London Borough of Enfield at the 4 bed LHA rate. What I don’t understand is why for one property they pay me at the end of each month (i.e 12 payments per year) but the other property […]

I own a property that I have lived in for 30 years. I have just gained planning permission on a section of land adjacent to my house for 2 x 5 bedroom detached houses. The land is on a separate title which is approx a third of an acre I’m planning to build the houses […]

Which books do you think are good ones for landlords to read?  We are integrating an Amazon Book store into Property118 which will raise additional funds to support of work and the costs of running our web and email servers. Your recommendations may well inspire and help other landlords so please leave a comment and […]

In reply to our complaint Click Here the BBC has sent this standard reply to everyone: “Thanks for getting in touch with us about BBC Business Correspondent Joe Lynam’s reports on changes for buy-to-let landlords broadcast on 28 February. Please allow us to offer our apologies here for the regrettable delay replying to your complaint. […]

Hello, I am owner of a flat (alone) which I bought few years ago. I would like to buy a new flat with my wife, my current flat will be then let.  I need to convert my current flat to a “Buy To Let” (to borrow some more equity). I am additional tax payer (45%) while […]

Myself, my wife and my daughter are all joint owners of a flat. I want to sell it and, if we can, avoid any CGT. Here is what I’m thinking, please comment. I want to make my daughter the single owner, pay off the BTL mortgage then my daughter will the sole resident of a […]

Fifth episode Wednesday 6th April – get it on Catch Up TV The second series of ‘Nightmare Tenants, Slum Landlords’ has already revealed victims and villains from both sides of the buy-to-let battlefield, but this week sees Landlord Action helping a landlord in more than £24,000 mortgage arrears after his lodgers turn on him. The […]

I own a property in sole name which is rented out with a mortgage again in my name. I am setting up a Declaration of Trust of beneficial ownership so my wife will own 99% and I will own 1% as she is not working and will be looking after the rental property (and one […]

In the past I have purchased numerous properties and added a bedroom(s) in the roof space (so the property then had a ground floor, 1st floor and roof space 3rd floor) and then rent the property out. In order to comply with building regulations I had to ensure that all bedrooms had fire doors and […]

Mortgage Express have written to many landlords warning about a review of current interest rates and repayment types. The concern of readers is that Mortgage Express may be looking to break mortgage contracts on long standing tracker reversion rates in the same way the West Brom have done. The Property118 organised class action against West Brom […]

I live in a bungalow that is owned by a local council, I applied to buy the property under the Right to Buy Act 1985, but have been told I cannot buy it as it is suitable for occupation by the elderly (Over 60’s). It has no modifications as such, no hand rails, there are […]

We send you our apologies for the limited number of updates over the last month. Whilst it has been an incredibly busy time, the work being done has been largely by way of preparation for the next stage. You’ll be very pleased to hear that April will see our cause reach new heights. With your […]

Our letting agents gave our tenant the required 2 months notice as we want to sell the property. She found another suitable rental property and asked to move out early, after 1 month. We agreed and she contracted to move out after 1 month. The property is due to be listed for sale with vacant […]