I am looking to remortgage with an HMO lender with the view of renting to sharers on individual ASTs. My property title has a covenant restricting the use to ‘one single dwellinghouse’. I understand the lenders are very careful with breaches of covenants when it comes to lettings. As far as I understand, the HMO […]

I rent out 7 properties in the UK and 6 have no mortgage. I am looking to increase my monthly income by buying a 2 bed cottage for 220,000 in cash to rent out for £850 to £1150 approx. My question is would it be the correct decision to use all that cash to buy […]

‘The Million Mask March’, the world’s largest protest by the most influential group in the world – apparently. That’s how “hacktivists” Anonymous have not-so-modestly positioned their campaign anyway! Anonymous Anonymous is a self-styled international network of “hacktivists” and anti-establishment protesters, who, according to the Telegraph, are linked to cyber-attacks against governments and corporations. They are […]

If you have a problem BTL and no one else can help maybe you should hire the A team – Sorry I meant try Fleet Mortgages. Fleet mortgages have a range of niche criteria that may assist when other lenders can not. These include: Properties next door or on the same road Freehold flats on […]

Private rents hit a new high of £816 in September across England and Wales, according to new figures. Tenants were required to give an extra £48 per month to their private landlords compared to this time last year, reveals estate agents Your Move and Reeds Rains. At a time of year where students are looking […]

A new range of Buy to Let mortgages have been launched by Santander with the headline rate starting at 2.29%. The products range around a core of 2 and 5 year Fixed rate mortgages and 2 year Trackers. 2 year Fixed rates: There are 8 products From 2.29% Max 60% LTV Booking fee £1,995 early […]

I am a landlord and have a 3 year Northwood Guaranteed Contract, I am not happy how the property has performed and am considering selling and buying something else. As there is still 1.5 years left on the contract, how can I end my contract early? Thanks New landlord

I had a dispute last year with my two tenants over the return of their deposit where they wanted a higher rent abatement than I offered them for some major bathroom works that was done while they were there. They therefore failed to pay some rent in their last month. When they moved out, I […]

I want to check whether my prospective tenant can claim back holding the deposit. In my case my future tenant agreed to pay me a deposit £200 to take the property off the market, but later on he asked me to create tenancy agreement without advance rent and 6 weeks deposit for which I didn’t […]

I have been a member for a few months and just read the articles, but now I’d like to ask peoples opinions on how I should start my property career please. I have about £20k ready to invest in BTL property and I want to get started ASAP. Ideally I’d like to buy below market […]

I wonder if anyone can share some advice on what type of property to invest in. I’ve been looking at investing in two one-bedroom flats by putting a 25-30% deposit down on both. The other option is to put one, bigger deposit down on a three bedroom family home. The ROI seems to be better […]

CALLING ALL PROPERTY118 MEMBERS We are constantly looking for ways to improve the Property section of Property118.com in terms of making the functionality and navigation more intuitive. Your constructive feedback would be very much appreciated. Please test the various functionality, such as searching for BTL property for sale, refining searches, setting up and deleting property alerts etc. Regular […]

A semi detached house has come up for sale with a building plot. The property next door is owned by a police force and is used as a woman’s safe house. It is a shame we need them in this day and age, but there we have it. The semi on offer needs a full […]

Written evidence submitted to The Finance Bill Committee by John McKay  George Osborne has indicated that he intends to limit the interest on mortgage interest relief to 20%. These are some of the reasons why this is wrong: 1. It is completely wrong, as has been said by top economists from the Institute of Fiscal […]

The Sky Gardens is a trophy development at the centre of a master-planned residential and commercial hub within Manchester City Centre’s Castlefield district. Perfectly located by the city centre with excellent train and Metrolink stations, the development has appealed to both lifestyle buyers and investors alike with over 85% sold already. Investment Highlights New Build […]

There are so many new changes in the world of buy-to-let, making it increasingly difficult for self-managing landlords to keep up with current legislation. The Deregulation Act, which introduced new regulations on 1st October 2015, means that landlords and agents arranging new tenancies or renewals after this date now have more obligations to contend with […]

An opportunity for investors to reap the benefits of an already tenanted, completed, and fully operational student accommodation. Leighton Hall is perfect even for those tentative off-plan investors as it is already built and successfully operational with a 10 year record of 99.3% proven occupancy. With student accommodation already unquestionably the best performing investment sector […]

TAX SOLUTIONS ARE AVAILABLE …. but be careful who you listen to! Landlords need to plan for the worst and hope for the best when it comes to the new tax changes. You should know by now how your own cashflow will be affected if you do nothing. If you don’t, then you can find […]

For years I refused to do Joint Ventures, I didn’t want to share my deals, my knowledge or strategy. I thought I would be creating my own competition.  Business was going and growing well, but as my success compounded, so did my reach of people, agents & deals. Over time, with the benefit of establishing close working relationships […]

Written evidence submitted by Neil Patterson Submission to the Public Committee on the Finance Bill: Landlords react to the Summer Budget ‘restriction of tax relief’ for landlords. 1. My background: I have worked in Financial Services and more specifically the mortgage market since 1994 starting in Barclays Bank. I have worked with Landlords since the […]

Written evidence submitted by Barry Fitzpatrick (FB 77) Submission to the Public Committee on Clause 24 of the Finance Bill: regarding ‘Restricting Deductions for Finance Costs related to Residential Property’ announced in the Summer Budget. 1. My background: I have been a L andlord for 8 years and have built up a small portfolio consisting […]