Page 733 – Property118

BTL in Kidderminster with min 7% contracted annual return

27th August 2015

This allocation is being sold off-market and direct from the developer. It is in a great central location and a rare opportunity to buy direct from a proven developer in a completed project. KEY HIGHLIGHTS Purchase direct from a leading developer. Studio apartments from just £69,950. 1 bed apartments from just £89,950. 2 bed apartments […]

Northgate Point – one of the newest developments available in Chester

26th August 2015

In prime position for students, Northgate Point will provide a convenient and safe environment for all students. The development is positioned just 200m from the City Centre, 400m from Northgate Leisure Centre, and 700m from Main Campus. There are only 30 handpicked units available for investors that have pre-registered. To enquire about Northgate Point please […]

Leighton Hall was voted Best value for money 13/14 by UCLAN students union

26th August 2015

Recently come to market Leighton Hall is an already built student accommodation. Running for over 10 years it has a proven track record of 99.3% occupancy. Now on the market are a few exceptional units with an assured 7% yield for 5 years! Starting at just £41,640 and managed by the UK’s number 1 student […]

Open letter to Housing Minister Mark Prisk MP – “Solving the Housing Crisis“

Another Open Letter to George Freeman MP – Conservative

26th August 2015

Having received a very bland response to the open letter I wrote to George Freeman MP on 13th July 2015, and various subsequent emails, I have eventually managed to arrange an appointment to meet him.  Inspired by a letter published by Property118 Member Jerry Jones to his MP I decided to send something very similar to my […]

CCJs registered at property from ex wife?

26th August 2015

I’m hoping that you can all help me or at least send me in the right direction. My partner and his ex wife are still on their Mortgage together. I am looking to buy the property or have her name removed from the mortgage and myself go on it. We have put money in to […]

Mice problem in rural area

26th August 2015

I would like to ask if mice are a landlords responsibility to deal with or a tenants. I am a landlord who rents out a cottage in a rural area and the property regularly gets field mice. I have provided two humane traps for the tenant, Just wanted to know if I have any further […]

Pest Control for Silverfish?

25th August 2015

Can anyone advise on whether its the landlords responsibility to get rid of Silverfish? They are harmless and occasionally appear at night in dark/damp areas. Ive been quoted £195 plus vat to get rid of them! Many thanks Sam

Legionnaires Disease – Landlords responsibilities

25th August 2015

Some of these are set out in HSE publications but there is also a lot of other information that clouds the issues. Does a landlord have to carry out a Risk Assessment, does this have to be in writing – the HSE guidance is equivocal. There are legal duties placed on Landlords by the Health […]

Buying a buy to let through a limited company

24th August 2015

In the light of recent budget changes, until we see any response from government with respect to concessions they may make to individuals purchasing buy to let in their own names, buying through a limited company now seems to the sensible way to proceed with new investments. This thread is for tips and questions regarding […]

Property118 Portal Ltd Business Plan

24th August 2015

I am delighted to announce that all shares we sold by 11am on Monday 24th August 2015. The giant leap forward that seems to have inspired our investors has been the announcement of our intention to offer advertisers the ability to make their properties appealing to both landlords and owner-occupiers. You will recall from the business plan that […]

Remortgage from BTL to residential

24th August 2015

I’d be grateful for advice on what should a simple issue, but isn’t. I own two properties with similar value. I live in one of them with a residential mortgage of 50% LTV. I let the other one out with a BTL mortgage again at 50% LTV. I’d like to move into the BTL property […]

Subletting can lead to unlicensed HMO

24th August 2015

Imagine a 3 bedroom family house is let to a small family – a couple and a new born child for a very nominal rent of £900 per calendar month, excluding bills and CT. Later on they move downstairs into a large living room and make that as their bedroom, they then sub- let each […]

Should prospective tenant be avoided after offering 12 months rent upfront

24th August 2015

A prospective tenant whose bank account does not show proof of either regular or adequate income nor of rent payments (perhaps living with mum and dad, but I have not checked this out) and who says his call centre job often pays in cash has offered 12 months rent upfront. Would I be a fool […]

Budget changes to W and T allowance solution?

24th August 2015

Just has a thought about the removal of the 10% Wear & Tear allowance as of 2016. Up to now we have just got the best deal going, but I have come across a strategy that may well alleviate at least some of this. We did take the decision to only let unfurnished from then […]

Death of buy-to-let – Headlines In The Telegraph

22nd August 2015

Leading Money Journalist Richard Dyson from The Telegraph has published a full page on the Budget proposed restriction of finance cost relief for individual landlords.  It is vital reading! You can link to the articles via the Tweets below and if you are a Twitter user, please remember to re-tweet to spread the word. You […]

TMW reduce Buy to Let rates to the lender’s lowest point

21st August 2015

The Mortgage Works (TMW) have reduced their Buy to Let mortgage rates by up to 0.5% on some products leaving their product range with some of the lowest headline interest rates ever. Fixed rates are available starting at 2.19% Variable rates starting at 1.94% Fee free 65% LTV two-year fix at 2.99% 3 Year fixed […]

Off Plan new build concerns?

20th August 2015

I am considering buying an off plan first floor 2 bed apartment in Biggleswade. These are going to be part of a huge envelopment that has been going on over many years. The developer is asking for 10% deposit of the asking price after the exchange of contract (28 days) and pay the balance on […]

Lawns ruined and tenant is refusing to pay?

20th August 2015

My tenant has been in two years and in that time has totally neglected the two small lawns at the back of the house to the extent where they need completely re-turfing. One is literally all moss and the other just dandelions. They were always weed prone lawns and were not by any means weed […]

Regional cities experiencing private rental growth, reveals new analysis

20th August 2015

Regional cities experiencing private rental growth, reveals new analysis. The UK private rented sector is continuing to grow, with activity increasingly collecting in cities around the country, according to new data. The proportion of those in the private rented sector living in urban areas has risen to 86% over the last decade, from 80%, mostly […]

Evicting Parents in Law

20th August 2015

Over 5 years ago my parents in law moved in with us. We have a big house and they occupy another separate building on the plot. They lent us some money interest free (which is repayable) to buy the house and we have a written agreement about the loan and another about sharing costs etc, […]

Young investors looking to break in to the BTL market

18th August 2015

Almost half of young people believe that becoming a landlord is the best investment they could make, reveals new research. As many as four million 18-39 year olds are actively trying to purchase a buy-to-let property in an attempt to cash in on the boom, according to research by letting agent Rentify. The buy-to-let market […]