Page 727 – Property118

Can I sublet on Airbnb as a tenant without permission

16th September 2015

I rent a flat. The landlord has not given me permission to sub let. I want to put the flat on airbnb and occasionally have airbnb guests staying in the flat when I am not there. I have not asked the landlord whether they will allow this. I would like to know: a) Will I […]

Which UK city is currently a gold mine for landlords letting to students?

16th September 2015

The most profitable city for landlords letting homes out to students in England is Coventry, according to new research. In Coventry, the rental yield is 6.03%, with landlords able to make an average of £1,780 from students in a typical four bedroom house. Second on the list was Warwick, where investors are also currently able […]

Landlocked property – no access rights?

16th September 2015

I’m looking to purchase an property from an auctioneer, but I’ve been told it is not mortgage able due to it being landlocked (no access rights). The property adjacent on the same site has the main access rights, but is also a repossession. The auctioneer could possibly issue an indemnity insurance, but I believe a […]

Scottish Association of Landlords representatives take tax case to The Treasury

16th September 2015

Scottish landlords will today meet with senior UK Government officials in London to urge them to rethink planned tax changes for private landlords or risk threatening investment in the Private Rented Sector (PRS) at a time when Scotland is facing a long-term housing crisis. Representatives from the Scottish Association of Landlords (SAL) will meet with […]

Please help after friend breaks the tenancy agreement

15th September 2015

My partner and I moved into a property with a friend on June 1st. Over the past few months she has allowed her boyfriend to move into the property. Initially it was not to bad, but his/their behavior (constantly yelling at one another in the house) and treatment of the property became intolerable and we […]

Are Guarantors automatically covering a new contract?

15th September 2015

A letting agent is advising that when tenants renew a tenancy agreement i.e. sign a new contract for the next academic year the guarantor for the first contract automatically covers the new contract. I have reservations! Relevant advice would be most welcome please. Eileen

Flipping realistic still ?

15th September 2015

I have a budget of about 200k and am looking to acquire 2 properties a year (in need of modernization). I want to make 15%-20% return per flip. I can do most of the work myself. Was thinking of bungalows to start with. I will look to buy at auctions, but also just use every […]

Putting together a case after the deposits disappeared

15th September 2015

Has anyone out there dealt with My Home My House Ltd (Northwood Middx), Lionsgate International Ltd (Knightsbridge London), ZM Properties Ltd (Luton) or Lettings Essentials Ltd (Luton). I am putting together a case via the Cotswold Barristers Private Prosecutions Service and would appreciate input from any other victims.. My tenants’ deposit was held in one of […]

Property Trading – Ask Me Anything

14th September 2015

I’m 31, based in Norwich, married, have two lovely children and have been involved in Property for 10 years. In the early days I pretty much followed the book of ‘things to do wrong’. My first property purchase was 40 miles off patch in an area I didn’t know. I thought I’d purchase £20k below […]

Jeremy Corbyn to effectively Confiscate Landlords Properties

14th September 2015

It doesn’t get any worse for landlords than Jeremy Corbyn. He has said that the ‘Right To Buy’ policy that lets council tenants buy their homes at a big discount should be extended to the tenants of private landlords. To quote him, ““So why not go with Right to Buy, with the same discounts as […]

How to deal with AST and two thirds split of rent?

14th September 2015

If the lease states a flat can only be rented out as a whole unit rather than by rooms, would the below pose an issue or how I could overcome. – Family of 4 – Each parent has their own child from a prior relationship – One parent will pay 2/3 of the rent Should […]

Positive planning and building to sell?

14th September 2015

Following the adage that one should prepare for the worst and expect the best, I am sure we are all dreaming up plans of how to cope with the outrageous attack on landlords by the Conservative Government. I am assuming we will get the lunatic tax change reversed. However, I like to have a Plan […]

We are on the Telly

14th September 2015

Now is the perfect time for landlords who are looking to sell any of their Buy-to-Let properties to visit the Property118 Portal. We expect 10’s of thousands of new viewers to visit our website every week looking for properties to buy with tenants in-situ from now on. This is because, as of today, Property118.com will have advertisements showing twice every hour between […]

Government BTL tax changes – workarounds

12th September 2015

I have always purchased my investment properties through a limited company so am quite lucky I suppose in that I don’t see any impact on my business with the potential government changes (my turn will come I’m sure).  However, I was thinking last week on what would I do if I was in the shoes […]

Oliver Knights shuts shop leaving landlords and tenants in despair

11th September 2015

Landlords and tenants are in despair as a London letting agent, Oliver Knights, is thought to have closed down, owing thousands of pounds in unpaid rent and holding deposits. Landlord Action had been instructed only weeks ago to recover more than £10,000 for one landlord and £8,000 for another, but with signs the company has […]

shawbrook

Shawbrook reduce large loan products across the board by 0.5%

10th September 2015

Shawbrook have announced the decision to re-price the “Large Loan” products with a 0.50% decrease across the board. Large Loans on residential and commercial investments start at £750,000 up to £10,000,000. Maximum Loan to Value is 75% on residential and 70% on commercial. The revised Large Loan pricing: Single dwelling and portfolios • Now 3.70% […]

Landlord licensing

10th September 2015

There has been a good deal in the media recently about landlord licensing, both with the announcement by David Cameron in the Queen’s Speech in May and the introduction of several schemes by local authorities. The reasons behind these schemes vary. The principal one for local authorities is to crack down on criminal or rogue […]

UK’s new Gazumping capital named

10th September 2015

Sheffield has replaced Brighton to become the new gazumping capital of the UK, reveals new research. Gazumping is the controversial practice where a higher bid is made on a property when another offer has already been accepted, thereby ruining the sale. Nearly one in three buyers can expect to get gazumped in Sheffield, according to […]

Getting finance for HMOs

10th September 2015

I’m looking to get into HMOs for the professional market in Birmingham area. I have circa 200k cash which is enough for me to buy at least 1 (fairly) high end HMO cash, which I will try to refinance in 6-12 months. The goal being to have 4 hmo’s, with about 50k of my own […]

Are there any disadvantages of becoming a self-employed landlord?

10th September 2015

I have one property which I self manage. I am thinking of registering as a self employed landlord but I am not sure if I am eligible with just one property, or if there are any disadvantages of doing this, other than having to pay National Insurance Class 2 contributions. My reasoning is that I […]