I’m currently remortgaging my residential property to release equity with the sole purpose of using the funds to act as deposits for future BTLs.  I understand that the interest element on any BTL mortgage can be offset against rental income, but does this extend to the interest on my remortgage? Thanks James

From Howard Reuben Property118 Sponsor:- We all know that the vast majority of people don’t have a Will written, and even more people don’t have a valid Lasting Power of Attorney (LPA) in place either. Despite having been an estate planning Firm since 1995, it still surprises me that most people haven’t even considered an […]

My wife and I bought a three bed detached house for £75000 in 1993 we lived in it for one year then let it until this present day with just nominal blank periods.  Present value £300k if we sell CGT is 45k . We have considered moving back and developing it but as the value […]

I purchased a 4 bed buy to let property in 2001 for £115,000 and by 2008 it was worth considerably more so I refinanced it to 85% LTV and used the net proceeds to invest into more property. I have never lived in the any of the properties.  The properties I purchased in 2008 initially […]

GOOD landlords read Property118 regularly. You already knew that of course but do your friends? Please help us to build the Property118 pool of knowledge. Why not invite your fellow landlords to become members? We are not asking you to invite everybody you know, just a handful of people who you think might find Property118 […]

In cases where tenants are evicted, and the court makes a money judgement order, does this always get registered with the Registry Trust, and with the various credit reference agencies, (e.g. Experian, Equifax, etc)?  If not, how can landlords get these judgements registered? Thanks Robert

I have a resident in one of my HMO properties who is causing a problem to other residents. He is a nice person when sober, but is very verbally abusive when he is drunk. He is a chronic alcoholic, so has long bouts of drinking, i.e. he may be sober for a month but then […]

The Competition and Markets Authority (CMA) has today published new guidance for the lettings industry to improve their understanding and compliance with consumer protection law. The follows a report last year by the Office of Fair Trading (OFT) which raised concerns about a number of unsatisfactory practices affecting tenants, including unfair and surprise fees and […]

I wonder if anyone has had a similar experience and/or can advise on the issue of who is responsible when the tenant has not adequately ventilated the bathroom so now the bathroom has to be overhauled to make it presentable again.  There is mould growing everywhere! The tenants were informed at the beginning of the […]

The New Interbay commercial Term Refurb mortgage product allows a refurb period for a borrower to enhance the value and earnings potential of a property with a view to holding. This is a longer term product with a period during which the property will be vacant to allow property owners to undertake a refurbishment project. […]

I currently have deposits protected in the DPS custodial scheme. My tenants are due to renew and I am wondering how to deal with their deposits.  There is no easy way in the DPS to just update the start and end tenancy dates without doing a whole resubmission.  This would mean the tenant has to […]

I have 4 flats in one building which I manage myself. I have 2 houses which have been managed for me by a proprietor run letting agency who has recently sold this part of her business, with no warning, to national letting agents. This does not suit me I much prefer to deal with a […]

My name is Neville. I am a new landlord for a Buy to Let property in South Yorkshire, my letting agent is based in Redhill which is 250 miles away from where the property is based. The property is coming up to two years old. I have found a letting agent that is within a […]

What view would HMRC take if a landlord overestimated his property rental return by say, £6,000 due to error/illness/stress?  Can the landlord request mitigation (illness) against his mistake? Thanks AA Properties (Wales)

Property118 sponsor Adam Hosker of Bespoke Finance has put together a fun World Cup Sweepstake.  It’s free to enter and there is a prize if your team, randomly selected, wins the world cup. I’ve had a go and got Argentina so I’m quite happy about that 🙂 If you want to enter simply click here. […]

Scotland’s big three banks RBS, Bank of Scotland and Clydesdale are over 12 times in value the size of the total Scottish economy, where as currently UK banks are just over 4 times the size of the economy. In practical terms that would mean if Scotland were to vote for independence they would not be […]

Witten by Jason McClean our new Property118 Landlord insurance team member: If you want to save money on your landlord insurance then look no further than Property 118, we have arranged an unbeatable price guarantee for our whole community. CIA Insurance is the most competitive landlord insurer in the UK and happily sponsors the CIA […]

I’m 16, and my goal is to become a successful landlord. I recently went on a fishing trip with my dad and he brought a work friend with him. His friend owns 9 properties, a majority of which are already paid off. He will retire when he is 40, and my goal is to follow […]

I have seen a property that I would like to buy as a BTL but understand now that it was underpinned around 10 years ago due to some subsidence with the likely cause being leaking drains that softened the ground. The property is in otherwise good condition.  My main concerns are a) mortgage ability and […]

I have a crazy tenant, who is a bit of a hoarder. She is a lovely old lady, pays her bills on-time and is really a dream tenant apart from her newspaper collection from 1984. I would be grateful if you could let me know…… in the event of a fire, do I have a […]

I am converting my first house into a HMO. It is a 3 bed, 2 reception, 2 bath house in London… soon to be a 5 bed HMO. My plan is to add ensuites to the two front bedrooms. This means one tenant is likely to use the large(ish) downstairs bathroom and toilet (on same […]