We have recently left our previous home 31/3/15 as our landlord decided to sell after 18 months of us being there. She had told us long term 7 years, but obviously circumstances change. Anyhow after a perfect relationship throughout and us being responsible tenants it has all gone very sour. She is being very critical […]

This agent manages a single house I acquired earlier this year in an area of the UK I don’t live near, so I used a local agent, on a finders fee only basis. They did a great job in terms of tenant finding, and found a tenant who I am completely happy with, appearing reliable, […]

I am based in Scotland so I know the rules are a bit different, however here’s the story… Tenants turn up look lovey ,nice respectable, however within a month or so all hell breaks lose…..so lawyer issues a notice to quit and a s33 on the tenants, now both became active at the same time […]

Which categories of optional insurance cover (i.e. beyond standard buildings and accidental damage, public liability) do small-portfolio landlords here usually take out, or at least favour as potentially cost-justifiable, assuming one uses a good letting agent with sound procedures and non-LHA tenancies? Many thanks Glenn

I own a property on Beever Street Goldthorpe and have been made aware of the proposed demolition of the odd numbers 1 – 37 by Barnsley Council. The street has suffered years of neglect which makes it virtually impossible to let. Every house gets broken into and trashed. The council and police do nothing, leaving […]

Cases of reported fraud increased by over 25% last year with men in their mid-40s most vulnerable, according to the UK’s fraud prevention service. A total of 276,933 frauds were recorded last year – that’s 758 frauds every day or 31 every hour. This figure is up from 221,075 in 2013, with 23% of fraud […]

New legislation came into force on Monday 6th April 2015, and one of the changes is a new Section 8 form. It is essential that any landlord in England using a Section 8 form must use the NEW version. If you use the old one by mistake, you risk having the application thrown out and […]

Apartment leases require the notification to the LL’s management company on the occasion of a purchase and other events. On a detailed reading I found there is a provision that where there is a concurrent notification of title and charge, only one such fee shall be payable. On rechecking the completion statements with two different […]

The Council of Mortgage Lenders (CML) has launched a statement of practice, which has already been adopted by 31 of its Buy to Let lenders representing 90% of the market, and by all members during 2015. This statement is designed to provide clarity on how responsible Buy to Let lenders should operate and treat customers. […]

I rented an apartment for my son that is studying in Cardiff last September. A contract was signed for 6 months ending March 25th, all rents are paid and the deposit is secured. All the bills are paid and the property is in better condition than we found it. In addition to that we arranged […]

The Scottish Government have issued a second consultation paper which builds on the proposals outlined in the first Consultation on a New Tenancy for the Private Sector, held in late 2014. http://www.gov.scot/Publications/2015/03/6142 It takes account of the feedback and analysis from the first consultation and addresses the key issues raised. It also seeks views on […]

I would be very grateful if someone could give me simple advice on stamp duty. We bought a building with 5 studio flats in & paid the full stamp duty cost as if it was one large property, so paid 3% on £350,000 around £10,200. I have worked out that if we had paid as […]

I would like to know why we have very little choice of lenders here in N.I. our property market is not moving like the rest of the UK and its so horrible to see beautiful houses which are stuck on the market for a number of years due to a lot of the time, lack […]

We have just received notice that one of our tenants is leaving us and so (having used agents before but now following Mark’s guidance on self marketing) I was just in the process of starting the re-marketing process (well how else would you want to spend Easter Sunday???) when a thought occurred. Once we have […]

I have a buy to let property which I converted into two flats some years ago. I now want to gift one of the flats to my son and for him to buy the other so as I can use the money received to gift to my daughter. Is it possible to complete this transaction […]

My husband and I have a life-assurance policy to cover our buy-to-let mortgages in the event of the unthinkable. The amount it will pay out each year decreases with the decreasing debt as it is reduced through capital repayment mortgages. We pay monthly premiums for this.  Are the premiums we pay for the cover an […]

Have you ever had that awful experience of learning that a mortgage valuer has down valued your property? Property118 was created to facilitate the sharing of best practice. For that reason I think many readers will find this discussion thread very useful so sign up to get comment notifications at the bottom of this article […]

I’m a new member and I’m trying to connect with anyone who has (or is thinking of) investing in one of the many Student Pod accommodation and Care homes with a guaranteed net income.  At face value they seem like a great deal, but can anyone advise their own experiences? Looking forward to using this […]

I have an apartment which I want to sell but the fact is it does not have the desired value at this time to make a sale viable.  What I would like to do is actually swap it for something elsewhere, iideally a house closer to where I live or something abroad. The question is, […]

Hello All, I wonder if there is any advice for my current, awkward, situation.  Just a bit of background story here, bear with me – Myself and my wife split in May last year (after her cheating revelation, don’t you just love them..) which left me in our family home as she moved in with […]

My management agent has just sent me an invoice amounting to 1 months rent plus 3 months management fee to terminate their services after 15 years! The same tenant has occupied the property since the start of the Tenancy Agreement and continues to do so, I intend to self manage the property. I do not […]