I have a 6-bed HMO (2 storeys and unlicenced). I was inspected recently by the local authority and all was found to be pretty much in order, however I was unaware that I needed to produce annual inspection certificates for the smoke alarms, emergency lighting as well as an annual PAT cert. 1. Annual PAT […]

When we first published this info-graphic article we were blown away by the response and positive comments on Twitter. Who would have thought statistics on house movers could be so interesting? When you think about it though, as landlords it is useful to know why, how and when people move mome. I think what’s caught […]

As early as Christmas working households claiming support for private sector rent could outnumber those in which nobody works, says a new report published tomorrow (Friday 18 October) by London Councils. ‘Tracking Welfare Reform in London’ reveals that just under 50 per cent of households receiving benefit in private rented housing in the capital have […]

At Landlord Action we just don’t evict tenants for rent arrears or ending the tenancy because the landlord wants the property back.  We also get instructed by landlords that are worried about the condition of their property and how the tenants are treating (or mistreating) it.  If instances such as this are left to continue, […]

The Office of National Statistics (ONS) have reported the average house price in Britain is now £247,000. This figure reported for August 2013 is 0.3% higher than the previous record in 2008. Year on year house price inflation increased from 3.3% in July to 3.8% in August this year However the Bank of England are […]

In the last year Landlords borrowed £640 million on Bridging finance for the purposes of Buy to Let. The use of Bridging Finance by Landlords has increased significantly in the last few months with a record total for July and August alone coming to £194 million, which is an estimated 36% of all bridging loans […]

This Broadcast was meant to be last Wednesday but is instead being run today  between 12pm-1pm. Paul Shamplina, Founder of Landlord Action will be taking to the airwaves on BBC4’s You and Yours show, to highlight the shocking risk to landlords of the latest money making strategy to sweep the property industry, “Rent to Rent”. […]

This is my first contribution to Property118. I hope to make many more. We have formed a Right to Manage (RTM) Co for our block of 137 properties, and are now going fo Right to Enfranchise (RTE). However, we have recently discovered a discrepancy in our leases, which our solicitor (no longer practicing!) did not […]

First off, great site! As a wannabe investor/landlord for several years, I’ve been a keen follower of this and similar landlord online resources, which have been a great source of inspiration and learning about the landlord business. Many thanks! My wife and I are now planning to take our first steps into residential property investment […]

I have an example of how the commercial market is changing. Some lenders are now taking a risked based view of using second charges over equity as security for development finance rather than only relying on pure cash being put up as collateral by investors. Example of a recently completed case, as follows: A builder/developer […]

I am interested that I can’t see any response to, or comment about, George Osborne’s announcement last week to withdraw benefits to claimants – first for 1 month, then for 3 months. Am I the only landlord with social tenants?! There are serious implications. Here is an extract of a letter I am sending to […]

I would like help please with legal clarification over whether I have to legally return rent paid in advance by a tenant. An independent professional inventory clerk has confirmed the tenant is liable for damage and the deposit and rent held is not sufficient to cover the damage. My tenant has paid me rent 6 […]

The Council of Letting Agents has today called for better electrical safety standards in Scotland’s privately rented properties. Speaking at their inaugural conference, Council of Letting Agents (CLA) Convenor Kathleen Gell said: “Scotland depends upon the properties that our letting agents manage. People rely on these properties for their homes and they need to be […]

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 […]