I served section 21 to my LHA tenant and possession order was granted and hearing day was set last month. On the hearing day, the lawyer representing the tenant argued that I should have issued deposit info again when the fixed contract ended and the tenant lapsed to periodic contract. The tenant has up to […]

Having read your article Mark on balancing high gearing with high liquidity (v useful info thank you) I’m wondering if I’m doing the smartest thing with my portfolio. I have three properties, two under BTL mortgages and the third (very luckily) 100% paid up and mortgage free. Its this mortgage free property that I’m wondering […]

Mark Smith, Head of Chambers at Cotswold Barristers will be representing landlords at the Commercial Court at Rolls Building, Fetter Lane, London this Wednesday in the UK’s largest ever direct access legal case.  We will be tweeting under hashtag #WestBromTracker so please feel to join in the discussion on Twitter and re-tweet. You may also wish […]

Discussing the possibility to buy a house with Tenants. However the tenants sold the house to current landlord in 2008 as a SARB. I need to check the date of the transaction to ensure it was legal then but what about buying it now?  Would there still be issues with buying the house, is it […]

Useful information which I thought I would share …….. one for all and all for one! Sims v Dacorum Borough Council (1) and Secretary of State for Communities and Local Government (2) – [2014] UKSC 63 Summary ………. Following several high profile break clause cases in recent years, the Supreme Court has now considered the […]

Hi everyone, I have found a family that I want to rent my house to and they will be claiming the local LHA allowance for a 4 bedroom property in North London. Currently they are in temporary accommodation as they were made homeless due to previous landlord wishing to sell the property they were in.  […]

Adelphi Wharf is a £75 million development in Salford bordering directly on Manchester city centre, with a total of 580 waterside apartments and townhouses. The properties come with modern style amenities such as an on-site gym, landscaped gardens, bicycle storage and private parking spaces. Studios start at £94,995, One Beds start at £109,995  and Two […]

UCAS have said the volume of students accepted into Leeds university for the 2014/2015 academic year was at an all-time high and is only set to keep increasing in the future. The new release at Trinity Hall has an assured rental yield of 8% for two years and includes the following: Stunning En-suites from only […]

I am running into a confusion as you might expect when you buy your first buy to let. I looked at one 2 bed flat which was for 289k and I made an offer of 270k initially which got rejected as estate agent said there is a higher offer so increase your offer or the […]

I am new so apologies if I make all sorts of mistakes and ask seemingly daft questions. My daughter is 18 and has just inherited a small amount of money which she wishes to invest into a rental property. Her Dad (my ex) was a property developer who was quite successful, he started with nothing […]

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 […]