I hear that the Chancellor has changed rules on pensions today. From April 2015 the over-55s will be able to do what they like with their funds. With the demise of Annuities surely there will be a rush into property. What will be the impact? Here are 2 quotes from the BBC web coverage: “A […]

It has come to our attention that Mortgage Express (now UKAR – UK Asset Resolution) have recently been appointing LPA receivers with no apparent justification. Previously we had heard of LPA receivers having been appointed where a borrower has died or where a landlord had fallen into arrears. In some cases the properties were sold for much […]

Budget 2014 – what are the main points for Property118 readers and the PRS. The Office for Budget Responsibility (OBR) confirmed the GDP forecast to grow by 2.7% this year, 2.3% next year, 2.6% in 2016/17 and by 2.5% in 2018. GDP (economic output) will finally reach its pre-credit crises levels this year. This is […]

East Midlands Property Owners is a professional residential landlords association but also a not-for-profit organisation. Its members own somewhere in the region of 15,000 rented properties across the East Midlands region. Our purpose is simple. We want to provide landlords, letting agents and property investors with the advice, knowledge and tools they need to be […]

Hi All, Some of my Tenants have been contacted by a company called Landwood group. They are trying to gain access to the properties to perform a valuation, and have requested the tenants provide information regarding the Tenancy Agreement. I have contacted Landwood, who said they where just the Valuers and gave me the name […]

Milton Keynes City Council has abandoned plans to introduce a proposed city-wide Selective Licensing scheme under pressure from the National Landlords Association NLA. The NLA have been leading the fight against selective licensing through its local landlord members, meeting with local authorities and action groups as well as launching a social media campaign. Milton Keynes […]

Hello to all, My girlfriend’s parents are buying a two bedroom lease hold flat in a building with three flats. The current owner was letting all three out but he has sold them as leasehold (each has a brand new 125 year lease) and remains as the freeholder. Me and my girlfriend are planning to […]

We are honoured to be one of five website to make it through to the final rounds of the Prime Location Blog Awards this year. Do you think we deserve to win? You are two clicks of a mouse from having your say 🙂 To cast your vote please click the link below http://blog.primelocation.com/2014/03/13/primelocation-blog-awards-voting-now-open/ Please […]

Hi All, Looking for some advice…. We (married couple) have been Tenants since 2nd Feb 13 on a 6 month fixed term AST On 2nd Aug 13 we signed another 6 month FT AST On 2nd Feb 14 we signed another 6 month FT AST. Recently due to repairs not being done, gas certificate not […]

Dear readers, I am asking this for my friends who are tenants. Their 1st time Landlord (who was previously the owner-occupier of the house) uses a local agent & lives herself in another area of the UK. The rear boundary fencing to their 3 bed modern EOT house was blown down in storms pre-Christmas 2013. […]

With days to go until the 2014 Budget, time is running out for Osborne to make a real difference. Naomi Heaton, CEO of London Central Portfolio, highlights a four point plan which could help the Conservatives get back in favour, whilst providing some much needed Viagra to the UK economy. Listen closely George; it is […]

My name is Tony Wilson. I have today committed £15,000.00 to the fund to enable Mark Alexander and Mark Smith carry on the superb work they are doing on behalf of buy to let landlords who are being (in my view) mistreated by the West Bromwich Mortgage Company. As a solicitor who has been in […]

I was approached this week to give a reference to an outgoing tenant by an Agency in Beverley. I answered all their questions honestly. Whilst this tenant has created us some problems they were minor compared to what some tenants do.  I summarised by stating that I would have no hesitation renewing a tenancy agreement […]

The data, published jointly between Shelter and British Gas suggest that over the last year, 200,000 tenants in the private rented sector have “faced eviction” because they asked their landlord to fix a problem in their home. However Shelter has ignored the inconvenient truths. Based on Shelter’s data, which indicates that there are  9 million […]

When you’re selling your property, you naturally want to get the most you possibly can for it. Paying expensive estate agents fees can sometimes seem like a waste. It can be tempting to go it alone but the benefits that an estate agent offers could very well make up for the fee they charge. You […]

Over the last few weeks there has been a steady string of press releases by individual members of the Bank of England’s Monetary Policy Committee (MPC) commenting with their own thoughts of how Base Rate may rise when and to what point. I think it is safe to assume that this has been choreographed by […]

Would you guys mind giving me a landlords perspective on a tenancy problem my ex wife is experiencing at the moment? She and my son have been tenants in a property for just over 3 years. There are no arrears and not one payment has ever been late.  The landlord now wants to sell the […]

I have owned four single family cash flowing rental properties since 2006 and last year started looking for ways to expand my portfolio where I could invest in a property, add value (perhaps through refurb), recycle the deposit and invest in another etc. My current portfolio, small though it is, cash flows for me and […]

This report from Channel 4 investigates London Housing Solutions, a Rent to Rent company which is believed to have ripped off over 100 landlords for more than £400,000.  Advice from Property118 is that if you are contemplating renting your property to a Rent to Rent company then make sure you ask them to use a […]

UPDATE All of our upgrades have now taken affect – Property118 is now running at Warp Factor 🙂 The growth of the Property118 community has certainly caught us off guard in recent months and has been much greater than we could ever have anticipated. For this reason we have been swimming against the tide in […]

Ever since I took out my buy to let mortgage, I have availed of the lender’s building’s insurance, but as it is very uncompetitive, I am in the process of cancelling it and taking a policy from a 3rd party insurer (at a savings of about 60%!). The current lender is insisting on the following […]