I have had this flat for about 20 years and for a variety of reasons decided I need to sell it. My estate agent found a purchaser who withdrew citing damp patches in the lounge. At present I am liaising with the managing agents (a social housing organization) to put this to rights – suspected […]

We have tenants who vacated a property prior to the end of agreement, without permission, owing rent. The deposit does not cover all overdue rent, repair costs for damage, cleaning, costs of new locks (not all keys returned) and cost of resetting. Does anyone have any successful experience of recouping out of pocket costs such […]

Did the proposed changes to the law that would require landlords to install carbon monoxide alarms become law in October or is this still being talked about. Mark

Our standard terms state at the end of the Tenancy, (or on renewal should this be agreed) to pay a professional cleaning company for the professional ‘End of Tenancy’ cleaning of the Property, the washing, ironing or pressing of all linen and for the washing and cleaning, ironing or pressing of all blankets, carpets, soft […]

I will try and explain this the best I can but it confuses the hell out of me so here goes. In 2009 I bought 2 leasehold flats, shortly after the builder/freeholder who is registered in Guernsey went bust owing money to the bank, the council and a solicitor who also ended up bust. However […]

I have a house in E14 (Tower Hamlets, London) currently arranged as 6 beds, 4 bathrooms and a kitchen/living area over 3 floors. It is let to a group of 6 students on a joint tenancy agreement and is a licensed HMO. The property is classified as c4 under permitted development rights. I am considering […]

I used to own a group of Care Homes and this issue has lived with us for years. The real responsibility comes when you accept a tenant and they move into the property. At Lettingsupermarket.com, we outsource all of our references through an ultimate nationwide scheme which ensures that measures are undertaken to stop a […]

I am a freeholder of 5 flats in a building and would like to manage the block of flats by myself, but this is my first experience in this area of work. Is anybody able to help point me in the right direction of how to set it up, how I decide what to charge […]

For seasonal reasons September is the biggest month for Landlords Insurance renewals. Please make sure you let us know your insurance renewal date and using the power of our Landlords Buying Group we will Guarantee to save you money on any like for like quote. What’s more, by using our recommended Landlords Insurance providers you […]

Property118 Portal Ltd has been granted advanced approval by HMRC for Seed Enterprise Initiative Scheme. This means that every £1 invested into the company produces a tax reduction of 50 pence to the investor. This tax relief can also be carried back a year, resulting in investors being in a position to apply for an […]

Both my husband and I have a residential mortgage and two buy to lets. The sale on the second buy to let went through only two months ago and in the lead up to this time it was clear to my husband and I that our marriage was not working. He has moved temporarily into […]

I was wondering what the government might do with all of the extra tax revenue squeezed out of us landlords. There will be a fair amount of money so maybe new hospitals or schools will be built?  NOPE! Here is the plan…. The new help-to-buy ISA! It’s expected to be available from Autumn 2015, will […]

A brand new website www.saynotogeorge.co.uk has been launched with the intention of showing just how detrimental the Chancellor’s proposed tax changes will be to many people, as well as landlords. Two Peterborough based property investors were appalled by the badly thought through proposals announced by George Osborne in his summer budget and have compiled a website explaining […]

Recently bought Taylor Wimpey 2 bed apartment. Built in 2007 on 150 year lease. Poorly advised by solicitor. Ground rent doubles every 10 years until 2057. Presently £250, 2017 £500, 2027 £1000, 2037 £2000, 2047 £4000, £2057 £8000. I planned to keep the properly long term eventually gifting to grandchildren. Anyone any idea how much […]

Like many of us, I have often thought about moving to a better climate. The reasons I haven’t done so are much the same as many others; ageing parents, friends, family, hobbies, business interests etc.  However, it now seems I have no choice. The restrictions on finance cost relief proposed in the Budget will render my […]

One of my properties is a flat in a large converted detached house in Dewsbury, W. Yorks. I also happen to be the MD of the ‘Right-To-Manage’ company that manages maintenance, landscaping and buildings insurance for the entire block hence I send requests for service charges to the other flat owners. I recently received a […]

A managing agent I contracted to let out and manage my flat still, four days later, has not sent me notification that tenants moved into my flat on 4th August. They have not sent me copies of the signed tenancy agreement, or the inventory. After much chasing on the phone, with my phone calls not […]

If I buy a property and it turns out that the property was fraudulently sold without the owners knowledge ie. son impersonating as father or tenant impersonating as the owner with a fake passport and driving licence do I lose my money for purchasing such a property? I asked my solicitor about this and it […]

CGT has been introduced on UK property for non-residents from April 2015. This will apply to the increase in value from April 2015, not from the whole time of ownership. It is possible for a UK citizen, currently UK resident, to become non-resident, fully in accord with HMRC criteria for non-residence, for the tax year […]

Do you have relevant expertise and experience or a special interest in the Finance Bill which is currently passing through Parliament?  If so, you can submit your views in writing to the House of Commons Public Bill Committee which is going to consider this Bill. Finance Bill 2015-16 Summary of the Finance Bill A Bill […]

I am very pleased to inform all members and readers that Mark Alexander (founder of Property118) has been invited to consult with advisers to the Treasury Select Committee on the 24th of August in regards to Budget changes. The Invitation Letter Subject: RE: Summer Budget Property Measures Consultation Dear Mark, As I am sure you will be […]