PROPERTY 118 launched its new landlord emergency cover product last month and it has attracted a lot of interest. Discounts for multiple property owners are now available as well. Operated for Property 118 by Surewise, a London based business, the flexible and fixed price landlords emergency cover on offer is excellent. By visiting the website […]

I work for an Estate Agency and every year we organise events at our branches where we discuss topics such as Tax, one of our most popular event to date, or How to maximise your buy to let investment or Managing your property effectively. Today, I’d like to find out form landlords or vendors what […]

As the owner of a HMO property I recently looked at options to raise funds against the property via the crowd funding route. Although there are companies out there offering this I have failed to find one that allows me to promote my own property and attract investment. We have potential to receive £35k in […]

Bought and sold a flat with a joint freehold. I decided to keep the joint freehold for a rainy day hopefully sell it in the future when the other freeholder may want to buy it off me. The property is a terraced house converted into two flats upstairs and downstairs. The other joint freeholder is […]

I own and live in a flat based in central London. A separate company manages the building and ground rent payments. Over a period of twenty months up to November 2014, this company regularly issued me with monthly statements saying that I have a zero balance with them (i.e. stating that I owe no ground […]

I have a buy to let which was originally purchased for £200,000 with a silent partner 50:50 who now wishes to release their equity in the property. The property has been valued by local estate agents in a walk around of the property at £225,000. My questions is this, both sides wish for the split […]

The Mortgage Works (TMW) have recently released the only Buy to Let 10 year fixed rate currently in the market. The product is a 10 year 4.99% fixed until 30/04/2025 with a maximum 75% Loan to Value Stress tested at 4.99% notional rate and 125% interest cover. That means for every £1 of rental income […]

There is a great deal of entrepreneurship, in Sheffield, which is leading to job creation and inward migration. A new business bank, which has been backed by the European Commission, will create 100 new jobs. Marks & Spencer, the clothing and food retailer, has taken warehouse space (In Sheffield) totalling 647,000 sq ft will create […]

Isn’t it odd how we all want more and less choice at exactly the same time? Take an evening spent at the local restaurant. How often have we picked up the menu and unfolded it so many times that the sheer magnitude of choice suddenly becomes overwhelming? As a result it becomes almost impossible to […]

1. Supply and demand. The current housing shortage is at the highest level for decades. There is a demand for over 260,000 houses to be built each year. The current level of new builds is at less than half this and the demand is increasing with the increasing population. We live on an island that […]

Dear 118 Community, first of all, a happy and prosperous new year to you all. One of our friends parents are in the following situation. They are an elderly married couple . He is 83 and in poor health, but just about managing on his own at home (this could change for the worse any […]

As readers are probably aware, Sections 1 and 2 of the Tenancies (Reform) Bill have been proposed as an amendment to the Deregulation Bill As all major political parties support the principle behind the Tenancies (Reform) Bill. One way or another legislation will be introduced to (attempt to) protect vulnerable tenants from bad landlords who […]

The Deposit Protection Service (DPS) have reported that 18% of landlords and 23% of tenants missed deadlines for evidence during deposit disputes during 2014. The DPS provides a separate independent adjudication service for the adjudication of deposit disputes and says that 17.63% of landlords required to submit evidence after agreeing to dispute resolution either missed […]

My daughter rents a room in a 2 bed flat in Hove, the other room is the landlady’s room. My daughter is a teacher and although fun loving does like some sleep ideally between 11:30pm & 6:30am at least Sunday-Thursday! Her landlady has on more than 20 occasions brought a man back, been very noisy, […]

I am looking to add more properties to my very small portfolio. There are not that many freehold houses on the market in my price range within East London and I am considering buying flats. However with flats there is always the tie in with lease period and also the annual rental that has to […]

As a HMO Landlord I am seriously considering not providing Broadband services anymore or at least changing my current provider. This service is included in the rent but regularly the tenants complain that the service is too slow and is inconsistent. It can be very time consuming sorting out any problems. When I call Talk […]

The Bank of England Monetary Policy Committee (MPC) have voted to hold the Base Rate for another month at 0.5%. It has been at this level since March 2009. This is after inflation fell to a 12 year low recently to under 1% with predictions for it to fall even lower after the price of […]

Please has anyone got any advice for me on how to get permission to clear out a property. One of my tenants has died and her adopted son has found out he is not next of kin and may only be fostered now and has been told he can’t authorise anything to be done. The […]

I am interested in investing in parking spaces and garages as I have been told by my solicitor that one of her friend is making a good living of renting out parking spaces and garages. I tried to research the web on the subject but it is very limited and I was wondering if anybody […]

I have a converted one bedroom, reception room, kitchen and bathroom flat which has been occupied since the early 1980s by a statutory tenant (SPT). The flat was renovated in the 1980s and provided with a new hot water tank (modern insulated tank with an immersion heater). The tenant in 1997, without consent, installed a […]

I have just bought a nice little Victorian terraced house in a good area, to let out. It has been owner occupied until now, and it has a solid fuel stove installed in the living room fire place. What do people think … is it madness to leave this there, should I pay to have […]