Unless you are a qualified contracts lawyer who has also studied Latin you will probably not have a clue as to how contra proferentem mortgage conditions affect you. I have spent the last two weeks getting my head around it as it was a key point in the barristers opinion for the Bank of Ireland […]

I run a website providing online advice from building surveyors. The advice is given by experienced RICS qualified chartered building surveyors. I would welcome feedback. The website is www.askasurveyor.co.uk Although there is a cost of £40 per question answered, we do not charge if we cannot answer and invariably we save clients considerably more than […]

I have served section 8 notice to my tenant because she was over 2 months behind with rent, I gave her another 1 months notice which ends on 12th Oct. She claims housing benefit and I e-mailed them last week to tell them shoe owes over £1,200 they said they will look into it? I […]

I had a call on Saturday from my tenant to say the garage roof had fell in and covered his car in rubble. I don’t know how this has happened and have never been advised by the tenant that there was any problems with the roof prior to this. It appears that a couple of […]

All landlords require financial advice from time to time, I’ve listed some of the many reasons below. My question to readers of Property118 is how do you select an adviser? Do you want to be able to meet them or do your prefer to communicate by phone or internet? Do you prefer to work with […]

I’ve been following the news on this site concerning West Bromwich Building Society’s increase in Tracker margins and the Class Action. I thought I would check through our ‘Lifetime Tracker’ mortgage offer from Birmingham Midshires. I was in for a shock. We’ve loved our trackers from Birmingham Midshires (BM) and have been enjoying rates less […]

We’ve all heard of those ‘no money down’ schemes (mortgage fraud scams) where a ‘property sourcer’ has negotiated a discount and the buyer and his friendly mortgage salesman gets a mortgage based on the normal market value.  Many were very active in this market, some still are, however …… ….. what is not so widely […]

I have a buy to let mortgage with Mortgage Express. This mortgage finishes in April 2015. The value at present of the property is around £50000. I paid £126,000 for it 6 years ago with a mortgage of £113,500. There is now negative equity in the property in the region of £76,000. I have paid […]

Several people have left comments on our forums or emailed me personally to say that they are not affected by any of the tracker mortgage rate rises at the moment but want to contribute to a fund to help discourage other lenders from following suit. I am concerned that the Class Action against BoI appears […]

The ball park figure on total costs if this goes all the way to the Supreme court is in the region of £100,000 to £200,000. I appreciate that’s a massive margin but it will not be more accurate until we have Counsels opinion. Our legal costs will be circa £100,000, we will recover some/most of […]

It’s that time of year again when all the predictions for next year start to be rolled out. We are compiling our own report too. I don’t know about you but I’m reading conflicting information about the future of the PRS.  “Generation Rent” says the numbers of renters are increasing year on year, but I […]

I have exchanged contracts on my sale but am worried that my buyer will not be able to secure the mortgage that she needs. The ground rent is currently £350 a year. It doubles in 2016 and every 10 years after that. Ground rent would be £2,800 after a typical 25 year term, which seems […]

I have questions which I’m sure many people outside of property investment ask themselves before drawing a blank or getting confused or deciding they don’t have enough information to make a decision. “How much money do I need to begin a viable property development business?” And “What’s the most sensible route as an entry point?” […]

As you will be aware, we are actively looking for a suitable course of action to oppose the planned increase in the interest rate charged on your mortgage by West Bromwich Building Society (WBBS). I would like to set out our plan below as to how we intend to take this forward:- We need to […]

There is already more than enough funding and legislation to police the Private Rented Sector. The last thing we need is more legislation, what everybody wants is enforcement and word on the street is that we could begin to see it before the end of 2013.  PRS Hit Squads The authorities all know who the […]

We are encouraging everybody who has registered for the Tracker Mortgage Class Action campaign to contact their local press with a copy of the Press Release below. Please copy/paste into an email, send it to your local Newspaper and follow up with a call to their financial editor. PRESS RELEASE Local landlords have been shocked […]

Landlord Action is the original UK eviction service for landlord and letting agents. Set up as the alternative to solicitors, it has just acquired status as an ABS. So it’s now approved and regulated by the Solicitors Regulation Authority – so it can conduct all the legal work on behalf of landlords and agents itself. […]

Open Letter to Mr Eric Pickles – Communities Secretary – re Tenants Charter Dear Mr Pickles Have you gone completely mad? I am reading in The Times Newspaper today that you are to announce a “Tenants Charter” which will allow tenants to demand two to five year tenancy agreements. Do you realise that most buy […]

In light of the recent announcement by the UK Government that Help to Buy has been brought forward, a survey has been carried out to gauge how the electorate feels about the state of the property market. The survey was taken by the users of the social media-based property portal, Property Network, and paints a […]

The @Nalscheme Annual Conference website is now LIVE! Everything you need to know about our event on 31st October http://t.co/05TlisDu3V — NALScheme (@NALScheme) September 30, 2013 Full details and to book tickets … please visit the Conference Website Speakers include: Lord Best The Property Ombudsmen Representative from The London Rental Standard Kate Faulkner Nick Tadd  Property […]

Are you affected by the West Brom Tracker Rate Hike? If your mortgage account number begins with the number 8 you are highly likely to be one of the unlucky 41% of the mortgage customers of the West Bromwich building Society with a West Bromwich Mortgage Company account affected by the 1.9% increase in your […]