Page 846 – Property118

PRS Industry spokesman – please stand up!

21st September 2013

Can you help me? Who would you consider to be the official spokesperson/body for the lettings industry? I’ve only been in this industry for 12 months, so I’m still relatively a novice compared to most! But I would have thought ARLA? Yes? Anyone else? I’m still fuming after only just catching up with the Watchdog […]

Nearly Legal SEO Discussion

20th September 2013

This Twitter discussion with Nearly Legal will make the lawyers reading this smile, and hopefully a few more business think a bit deeper about SEO and the true value of the internet. @iAmALandlord As in put it in a Google plus post and Google sticks it at the top of search? Desperate by Google… — […]

Letting Agent renewed boiler without telling me!

20th September 2013

I am a long-time reader (and I suppose a ‘silent supporter’) of property118.com (and previous Money Centre client) having been a landlord since 2004. I have three properties which I rent out, one of which I manage myself, the other two are with two different letting agents. This is, however, the first time I have […]

Reluctant landlords begin slow exit from private rented sector

20th September 2013

Latest ARLA research also shows regional variation in tenant demand. The number of reluctant landlords in the private rented sector (PRS) is falling*, according to research from the Association of Residential Letting Agents (ARLA). Over the past three months, ARLA member offices have reported a decrease from 26% to 21% in the proportion of rental […]

Donations and Fundraising

20th September 2013

Our forums are funded entirely by donations and sponsorships, we do not carry advertising, nor do we charge subscription fees as this would be self defeating towards our mission. Please help us to keep it this way, there is no minimum donation, every little helps. The mission of The GOOD Landlords Campaign is to promote […]

Dilemma – insurance claim required but no consent to let

20th September 2013

I have been reckless in not informing my mortgage lender that I’m renting my property out, however my most recent tenants have left the place in a state and I need to claim on malicious damage. I’m concerned firstly that my insurer will contact my mortgage lender, and secondly if they do inform them, what […]

Rip Off service charges on leasehold flats

19th September 2013

I own 2 leasehold flats in a block of 9, there is also a separate block of 9 housing association flats, and 11 houses (houses only contribute a small figure to the service charge) My problem is that the yearly service charge is now just under £2,000 pa not including ground rent. I have flats […]

stress testing

The Mortgage Works Return of Property

19th September 2013

Has any landlord out there had or has a multi property portfolio on one mortgage with The Mortgage Works? Have you ever sold one of those properties and had a difficulty with their ‘return of property’ process in which they tell you how much of the mortgage capital you have to repay to get them […]

Eviction by rent increase

18th September 2013

My tenant is still paying rent but not moving out after his 6 month AST had expired . He was given a section 21 notice for that date and was told verbally at the outset that the contract could only be for 6 months, as the property was let, and is let to students (who […]

Newbie Questions re Capital Repayment

18th September 2013

I would really appreciate some input having read though the “Advice” articles here. I currently own my own home outright without a mortgage. I was thinking of remortgaging to release some equity which combined with a small pot of cash I have available could be used as deposits on two small BTL properties (in the […]

Buy to Let Mortgages to remain legal announces EU

18th September 2013

The Mortgage Directive, officially known as the ‘Credit Agreements Related to Residential Property Directive’ (CARRP) attempted to create a single regulatory framework which would govern all mortgages within the European Union. The EU lobbied hard for this directive so that EU citizens would understand the regularity regimes when purchasing properties in different member states. However, […]

Deed of trust property company tax question

17th September 2013

I have a limited company registered in England. I purchased a buy-to-let flat in England and it is registered in Land Registry in my personal name. It is my intention to renovate the flat and sell it with a tidy profit. The lawyers drew up a Trust Deed at the time of purchase of the […]

Roof or Condensation Problem?

17th September 2013

Over a year ago, tenant was complaining of leak in bedroom, so had a roofer repair 5 rows of tiles/felt where it could have been. Then about a year ago there was a lot of mould in one of the bedrooms and the bathroom of the let property. I bought the mould cleaner and painted […]

Section 106 obligations in Telford Shropshire?

17th September 2013

Does anyone know how many units would attract a 106 obligation in Telford, Shropshire? I’m trying to buy a building subject to planning which could be split into 2 or 3 blocks. Would the section 106 still apply if planning was obtained as a whole before purchase? Also do you know if we can get […]

Housing Bubble

Housing Bubble fears – genuine or an overreaction?

17th September 2013

There has been a great deal of commentary in the press the last couple of days raising fears of a housing bubble. Rightmove increased its forecast for the year from 4% to 6% leading to headlines calling for government to do something about concerns of a debt fuelled crisis in the housing market. Yes prices […]

Fit and Proper Landlords and Tenants – Consequences?

17th September 2013

I have heard the words “Fit and Proper” mentioned a lot of late in terms of regulation of landlords and letting agents. It would appear that society would like fit and proper landlords only to rent their properties to fit and proper tenants. * When deciding whether or not a landlord is a fit and […]

BM solutions logo

How to get 6 BTL mortgages with BM Solutions

17th September 2013

So many buy to let borrowers get frustrated because BM Solutions will only allow them to have 3 buy to let mortgages. However, now they have removed their minimum income requirements, this criteria is very easy to overcome for many borrowers. The answer is to own the properties in your individual names. That way a couple […]

Buying student let with students in situ

17th September 2013

I am a brand new investor and first time landlord so please excuse my ignorance but I am learning from your site!! I am about to purchase a student let house in a university city with 3 students already in tenancy until July 2014. The current landlord operates the let with a letting agent who […]

Do you have to put deposits in a deposit scheme for room lets?

17th September 2013

I am going to start letting rooms for which I will be taking a two weeks deposit. Do I have to put the deposit in a deposit scheme? My friend rents rooms and she finds most tenants just pay up to the last week withholding the last two weeks weeks rent to make sure they […]

I am purchasing a BuytoLet with the intention of moving in later

16th September 2013

I have been offered the opportunity to purchase a property currently containing tenants who are looking to stay for another 12 months. I would like to buy the property now and then move into it myself when the tenants leave. My dilemma is do I apply for a BuytoLet mortgage or a Residential mortgage for […]

Rant About Scottish Letting Regulation

13th September 2013

As the Scottish Government gets set to embark on the regulation of letting agents – regulation which is badly needed in my view – I fear that my worst nightmare may be about to become true. Why? Well, let’s look at what’s happened already with Scottish renting legislation. Landlord Registration has for the most part […]