I have been a tenant in a property for two years now and have had to sign 6 month contracts.   I refused to sign a new contract earlier this year and am now on periodic tenancy. My landlord cant force me to sign a contract if I am still paying my rent can he? […]

The Property Redress Scheme held its first meeting this week and I was delighted to be asked to attend. This scheme has been sanctioned by the Government for all Letting Agents to join later this year, and it will be compulsory for agents to join one of the schemes so that both landlords and tenants […]

Hello everyone! I’ve just had an offer accepted on my first buy to let property in London and while I’ve been pouring over the fantastic resources here on 118. To further my knowledge, I wondered if there were any good books that any fellow members can recommend I read that might be helpful for a […]

The UK average house price has now surpassed the 2007 peak by almost 1%. However, if you exclude London figures the average is still 0.4% below the pre-credit crisis high with London actually 30% above. Year on year figures in the Nationwide survey show the UK average house price rise was 11.8% to £188,903, while […]

Mark, Mike and I met through the common background of BuytoLet and Commercial Finance. Over the years through The Money Centre and now Property118 we have literally helped 10s of thousands of Landlords, developers and investors start and grow their property businesses. Unfortunately we are now old enough to have seen, done and bought the […]

I have a HMO property that I rent to six students. Their contract ends on 31st July and a Inventory was carried out at the start of the tenancy. Three of the existing students are pairing up with two new students and their tenancy starts on the 1st August. Does anyone know how to deal […]

We worked hard to bring you a price guarantee on landlord insurance with our buying group, because that is our business and passion.  Now we have a fantastic offer for your own home insurance to save you money as well. We have teamed up with The Property Insurer and Discount Insurance to bring you a […]

I’m in the process of setting a small unlicensed HMO up.The house will be shared with no locks on doors so nobody has exclusive rights to one room.The tenants will join the house share at different dates and leave at different dates. Ideally minimum 3 month tenancy. What would be the best tenancy agreement for […]

I would like to learn what to do when a property has been rented out whereby the keeping of clean carpets and relatively free of stains are of paramount importance and the tenants were informed of this. We lived in the property for two years and were very careful to maintain the carpets in a […]

I have a small portfolio of 4 x modern apartments, in Leigh, Gtr Manchester. Each is 2 bed, first floor( of 3) and with balcony picturesque canal views to the rear. They have been great solid renters since purchase 2006 accruing 5.8% yield for me and with long standing tenants who wish to stay even […]

I have inherited a property which has a tenant who has been in there nearly 10 years now. I know when the tenant first moved in the contract was made by a letting agent. The same letting agent still holds the deposit but my father chose to deal with the the tenant direct removing the […]

Hi, wondered if anyone has ever encountered this problem with a management company. I have received a letter from my management company with a section S20B notice saying they is a deficit amount of £3324 for the whole development and we will all be invoiced accordingly for this. Do I have to pay this, surely […]

However, the term “selective licensing” is something of a misnomer in this instance, as the proposal is for it to be borough wide. The newly elected council’s objective seems not to be to tackle anti social behavior (and they can hardly claim lack of demand in a London borough with excellent transport links which is […]

The Bank of England’s Governor, Mark Carney has today held a press conference to outline new plans to stabilise  the housing market under the Financial Stability Report. The housing market is the biggest single domestic risk to the UK’s economy, and the Bank of England is seeking to encourage long term price stability. Mr Carney […]

I am a first time buyer looking to buy a property which is a first-floor, FREEHOLD maisonette. The property was first listed by the agent as freehold and they have since removed this part of the listing (suggesting to me that it is in-fact an issue). I have downloaded the Land Registry document which shows […]

The final Housing Bill debate (stage 3) has concluded in the Scottish Parliament this evening and the Bill was passed approx 19.15 hrs. Our policy team have been monitoring carefully and we are pleased to report good news for our members. Our work was praised during the debate this afternoon by parliamentarians including Housing Minister […]

I have just read that properties held in companies within the UK are subjected to ATED (Annual Tax on Enveloped Dwellings) charge. At the following rates 2 million levy 15000 every year 1 million levy 7500 every year from 2015 500.00 levy 3500 every year from 2016 I think this is when the one single […]

The 2014 Budget saw a package of measures announced to help savers trying to build a nest egg. One of the most significant changes was the introduction of the new ISA (NISA) which comes into effect on Tuesday 1st July 2014. This will see ISA allowances both increase to £15,000 and become investable in any […]

The West Bromwich Building Society has admitted to overcharging customers upon redemption of their mortgage account. The long running historic error meant that when a mortgage was redeemed interest was charged up to the end of the month and not to the date the loan was repaid. Of the 7,699 affected customers most took out […]

The latest HMRC tax statistics show that more than one million properties in the UK has changed hands during the last year.  The monthly property statistics released yesterday shows that there were a total of 1,165,880 property transactions in the UK in the year to May 31st 2014. The 2011 Census showed there were 23.4 million homes in […]

Letscotland, the largest letting agent representative body, says Labour move is well-meaning but will have unintended consequences  Letscotland, the industry representative arm of Lettingweb, has called on MSPs to reject Labour’s proposed amendments to the Housing Bill when they are debated at Holyrood later today. Labour’s amendments propose to introduce rent controls and to change […]