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 […]

I bought a ground floor flat 3 years ago, renovated it and let it. The building is a Victorian villa that was split into two flats 20 years ago and a ‘cross over lease’ makes me the owner of the freehold in the first floor flat and the owner of the first floor flat the […]

US firm Cerberus which have been accused of alleged bribery, conspiracy to defraud, blackmail, unethical practice, fraud etc. could get its hand on the Mortgage Express and Northern Rock loan portfolio. Cerberus, named after the three headed dog of the underworld, are ruthless and allegedly employ their own commercial spying shop in London. They have managed […]

Permitted development rights were first introduced in 2013 and allowed offices to be converted into residential properties without having to apply for planning permission. These were due to expire in May 2016, however Housing and Planning Minister Brandon Lewis has announced that they will now be extended indefinitely. In the future these rights will allow […]

If the government isn’t careful there is the potential for a real property catastrophe on the horizon as if they proceed with the removal of the so called mortgage relief for landlords which is likely to result in many landlords leaving the market then the housing situation will be further exacerbated if the following Inside […]

I would like to ask whether a Limited Company can defer tax by reinvesting a capital gain. To clarify what is meant by “reinvesting a capital gain” let’s consider the following example: In 2013 ABC Limited purchased a property for say 300k and spent say 100k on renovation. The property is not rented so the […]

Written evidence submitted by Dr Rosalind Beck (FB 06)  This submission specifically challenges the theoretical premises behind the decision on ‘restricting deductions for finance costs related to residential property’ announced in the Summer Budget. 1. My background: My expertise and special interest in the provisions of the Finance Bill with regard to the ‘tax relief […]

I am a leaseholder of 2 small studio flats in a block of 6. The management company are only responsible for paying the insurance and the communal electricity. There is no management fee, no maintenance liability and no sinking fund. Each leaseholder has responsibility for various parts of the building ie ground floor flats are […]