I have a small portfolio of 5 properties that I let and one that I live in.  Two of the properties are owned outright the others have BTL mortgages. All mortgages including the one I live in are interest only. Ease of managing a single mortgage and being able to release equity from the total […]

I have a buy to let property (Flat) which I used to reside in 2001 until 2003 and then moved in with my wife and started to rent the flat out. I changed the mortgage to buy to let and took a personal loan to cover some improvements to the flat.  Basically I haven’t paid any […]

New to the forum so please bear with me….we have a property managed by a letting agent. The tenant breached contract by having cats. The agent was aware of this as we have some written evidence from them that demonstrates that they were aware. However, now the tenant has left (having given notice) and we […]

I started renting my property from a couple that emigrated, the tenancy is for 12 months and started at the end of June. The tenancy agreement is in joint names for the landlords.  They have now split up and each of them are saying that they want to be paid for the rent and for […]

I’m hoping some of you experienced property people could offer me some advice as I seem to be lacking direction. I have 3 rental properties in and around Glasgow and I’m not sure what to do next.  Property 1 is valued at around £75,000. The interest only mortgage (6 years left to run) is for […]

The bathroom in our downstairs flat has sustained water damage due to a leak from the owner occupied flat above. Her insurer said we must rectify the damage through our insurer as their client had caused the damage accidentally and had her leak mended when we complained to her. So we went ahead (at age […]

As an interested daily reader of Property118 and seeing the professionals who utilise it, I was hoping someone could offer their opinions. Our situation is as follows:  We purchased our existing home in Bristol as a new build in December 2010 from a well-known developer (the name sounds not too dissimilar to a brand of […]

We are trying to work out our Capital gains liability on our buy to let property as are planning to sell it. There does not seem to be any clear information saying that we can take off the mortgage (not the cost of the mortgage) off the basic sum. We bought the property for £56K […]

I have a tenant who is on a 6 month AST which started on August 23rd. The tenancy agreement was signed by her and her boyfriend but this relationship has broken down, I understand with police involvement.  The problems I have had so far are as follows:- Two internal doors removed and left for around […]

I have a tenant that I have not been able to contact for several months regarding a gas safety check. The rent comes in each month from housing benefit and the tenant is not in arrears. Although he has always been unreliable and disorganised we have previously been able to contact him eventually. This time […]

I have a tenant who is currently in a periodic tenancy, he and his family are neglecting the property.  He informed us of a small drip coming through the ceiling he thought was from the shower over the bath, so I asked he not to use the shower until it was repaired. When I arrived […]

I have searched high and low for a definitive answer to this question to no avail.  In a nutshell – my tenancy agreement states that I am liable to a £75 renewal fee for a new 6 month tenancy (which I won’t be paying after having read many threads on this subject). Now, I am […]

A client has a property at the top (3rd floor) of a building that houses a dental practice.  A lot of people use the main staircase over the other floors. The dentists are saying that the tenants caused a lot of damage carrying a sofa up and down the stairs and that they are responsible […]

If I rent a property out for two/three years- and in year one had losses of say £30,000- ( due to repair work) – and each year the loss goes down – if I sell the property- what happens to the losses?  Would it be better to treat some of the building work as capital […]

I’m relatively new to property investing, having become an accidental landlord 6 months after buying my first property in 2006. I now have 3 properties, the last of which was the first purpose bought investment (#2 was my wifes flat which we’ve kept).  I am very goal driven, so I’ve had a go at forecasting […]

I am an owner of several properties. In the past I have worked for a small organisation supporting persons with mental ill health in my own and my company’s private accommodation. In 2012 it was decided that we would cease our contract with local government because of increasing paperwork and returns and reduction in contract […]

My wife and I have 3 properties in Malta which we rent out – we’ve recently had a baby, and are not sure what to do next in order to position ourselves best for the future.  At the moment, we live in the UK, but may move to Malta at some point (say within the […]

Since Landlord Action started in 1999, which incidentally is also the year the Section 21 accelerated procedure was introduced, we have never had so many instructions from landlords and letting agents wishing to proceed to court to obtain possession orders under Section 21. Last year, there were 34,080 claims issued under the section 21 accelerated […]

One of my tenants had her/my house damaged when her recent ex partner (father of her child and on the tenancy up until May 2014) broke in recently. The police were called and they boarded up the house.  I have received a bill from the police for this, do I pay or does the tenant […]

I’m sure this simple question will attract many answers – some useful, many humorous!  I’ve heard about no money down deals, lease options and similar …. I’ve also read these are a con!!! So what is the truth? Your opinion / input will be welcome. Kind regards Mark With ZERO capital, how can a newbie […]

The 2013/14 accounts for West Bromwich Building Society show that they appear to have turned a corner and are back into profit.  Or do they? Perhaps that corner is a roundabout! Profits of £2.1 million were declared and their Chief Executive got a very nice thank you in the form of a whopping £134,000 bonus. […]