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 […]

Having obtained a possession order for over £11k rent arrears, and booked a bailiff, my tenant has now used legal aid to request a further hearing to try to set aside the order. This request is based upon a claim by the tenants solicitor that I had (since the possession order was made) received a […]

A minimum of 35% Net return assured over 5 years with new high yielding investment opportunity at Telephone House, Sheffield. Over 70% of Sheffield’s 63,000 students don’t have access to purpose built accommodation and Telephone House is a 5 minute walk from both universities. Please click here to register for further information [display_iframe src=”https://www.property118.com/wp-content/uploads/2014/06/118-Property-Sheffield-V3.html” height=”1600″] […]

I’m currently purchasing single let properties in Scotland at a rate at which my available finances allows. Approximately 2 per month.  I have a large network of investor contacts and am viewing many properties which I am either unable to buy (due to finances) or they simply don’t fit MY specific criteria (on inspection). I […]

I have a portfolio of 15 houses in North London. The local council has just introduced additional HMO licensing whereby small HMOs like mine (i.e 3 or 4 sharers in a 2 storey house) will need to be licensed. I purchased my properties all using normal BTL mortgages and the problem I have is that […]

Had a tenant sign an AST in early 2013 and I didn’t register the deposit.  How do I go about correcting this without being fined? This was the only oversight as the other ASTs are registered. Thanks Sam

We’ve built up a private property portfolio of 4 houses, all rented on ASTs. Currently, each property has been funded with a cash deposit and separate BTL mortgage using my wife’s salary for the multiplier. We use an agent to get tenants and manage the day to day.  The cash pile is now running low, […]

We recently had an enquiry where we helped a desperate landlord and wanted us to assist in obtaining vacate possession. The landlord had served a section 21 notice on the tenant, which expired at the end of July, and there was also three months’ rent arrears owing . The landlord was in the process of […]

The European Central Bank (ECB) is the first major central bank to introduce a negative interest rate. The ECB has cut its interest rate to minus 0.1% for deposits banks hold with it. This means that banks will be charged for holding money with the ECB and banks could pass this charge on to customers […]

What’s the 10 best ways to find HMO tenants?  Currently I have a HMO with two rooms unlet and normally get all my tenants via Spareroom.com but at the moment I’m getting nothing. What other forms of marketing can I employ to find my tenants locally? 1, advertising classifieds 2, post cards in windows 3, […]

I am in the process of purchasing a leasehold property. I haven’t come across this particular issue before. Instead of the standard repairing and maintenance being down to the freeholder and then being charged back to the leaseholders, this rather archaic lease frees the freeholder of this obligation and leaves it down to the leaseholders […]

What are the permitted overall area sizes of a studio or 1 bed flat to get an individual mortgage via a mortgage lender?  Thinking of student pod sizes but not for students. Thanks Kathy

Let the SELLER beware!  I was shocked when I recently gave notice to my estate agent but received an invoice for £480 trying to charge me for Marketing Expenses. This was after completing my contract term of 12 weeks and after giving them the proper notice period. In that time (nearly four months) they only […]

The Pavillion development in Leeds takes buy-to-let accommodation into a new direction. Students demands have changed over recent years and many, especially those from overseas, no longer wish to live in converted houses or in the common “cluster-flat” undergraduate student accommodation. They now require bespoke, purpose-built accommodation which lies close to the educational hub. INVESTMENT […]

My landlord sent me a letter on the 28th May saying my tenancy comes to an end on the 17th June and therefore someone would be coming to do a checkout. I was totally shocked as I have been living at the property for 3 years and have always paid my rent in advance. I […]