Page 758 – Property118

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 […]

Tenant eviction webinar questions part 2

18th August 2015

Following on from our popular webinar on the eviction of tenants from residential property, which we ran in partnership with Property118, we are pleased to bring you the answers to the remaining questions. I would like to thank Tim Briggs, director of LegalMentor, for answering questions on the process prior to the transfer up of […]

Tenant signs lease then changes mind and situation turns ugly!

18th August 2015

I have an ugly situation on my hands here despite my many years experience in lettings. Our new tenants (& guarantor) signed an AST last month. After they signed and returned it, a full week later I was informed that they had changed their mind. They had made a partial payment (not even close to […]

Rent to Rent holiday let – advice please

18th August 2015

I own several properties, and I also lease several properties from other landlords to rent out (an agreed Rent to Rent scheme). I’ve been a landlord since 1997, and have been doing R2R schemes since 2005. These have always been as self-contained properties let on standard ASTs, or as properties converted into and let as […]

Newbie – needs a bit of advice buying flat and Freehold

18th August 2015

I am buying my first BTL in an area away from me (my family live there and its much cheaper). I am buying a ground floor 2 bed flat with yard for £69k. should yield £400 month. However, its a freehold flat and I would own the lease above. No real problem with that as […]

Charges from freeholder for sub-letting

17th August 2015

I rent a flat out through a company called Northwood who give me guaranteed rent. The company that own the freehold charged me for breach of the lease by not telling them I was renting the property out despite the fact that e management company knew. I thought that was the end of it but […]

Further Advance Hell or is it just me?

17th August 2015

I’m in the midst of an application (on my own – am not using a Broker) for a further advance and am reaching out to other Property118 forum members to learn more about their experiences. Having read through several related topics on Property118 I had a vision that this would be a simple (ish) process […]

Back dating Ground rent increase from 9 years ago!

17th August 2015

I own a flat that I rent out. Estates & Management  have just written to me and I just wanted your thoughts as to whether this is legal as I am fuming… “Following a review of the lease for the property it has come to our attention that your ground rent was due a review […]

The challenges of recovering rent arrears from residential tenants

17th August 2015

High Court Enforcement Officers (HCEOs) can support residential landlords through the eviction of tenants and the recovery of rent arrears. Whilst our eviction services are a fast, effective and successful means of repossessing the property, so it can be re-let quickly, enforcement for rent arrears against former tenants can often be a difficult and challenging […]

Rogue landlords face up to five years in jail under new Immigration Bill

14th August 2015

The Government has announced its proposals for the new Immigration bill and there are significant ramifications for landlords letting to migrants. These follow on the pilot scheme run in the West Midlands as part of the 2014 Immigration Act where landlords had to carry out “right to rent” checks on migrant tenants to ensure they […]

Any real repercussions?

14th August 2015

After chatting with a BTL colleague, I’m fairly sure this is unethical and possibly illegal, but I doubt there will be any real repercussions. – My colleague became a first time BTL landlord earlier this year – Advertising and offering unfurnished property – Self Assessment tax return will include personal residence receipts for furnishings to […]

Is it legal to send a ground rent demand by email only?

14th August 2015

I have just incurred admin costs for late payment for ground rent as I deleted the email from the managing agents demanding ground rent by mistake and have forgotten to pay. I would like to know is it legal for ground rent demands to be sent by email only? What happens if people do not […]

The Property118 countdown clock is ticking

13th August 2015

By the time the countdown clock in this article strikes zero I need to have raised exactly £150,000 of investment into Property118. The deadline is critical to secure tax breaks and to raise the investment within a fully compliant structure, which has already been given HMRC advance approval.  Whilst shares remain available to purchase you can keep […]

Croydon Landlords and Letting Agents – Are you ready to pay £750?

12th August 2015

Do you feel the £750 that you will have to pay Croydon Council by 1st October represents good value for money, or even the £350 “early bird” fee? Do you think it will be good for the local economy and do anything for the borough’s housing situation? Even if you think the fee is just […]