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 […]

Capita Tenancy Deposit Protection is no longer accepting new deposits with effect from 14th September 2013. Any deposits registered with the scheme will continue to be protected unless otherwise notified. Landlords, agents and tenants who are affected have been notified in writing. If you have any queries, please call 08444 129968 or email: [email protected] The above is the message currently […]

630 people have completed our Tracker Rate Class Action Registration Form as I type this update.  Of those, 300 had signed up to the Bank of Ireland Class Action campaign which we started in early March 2013. The remaining 330 have signed up in the last week since the announcement from the West Bromwich Building […]

First they came for the Bank of Ireland ‘buy to let’ landlords, I didn’t speak out because I wasn’t a Bank of Ireland customer. Then they came for the West Bromwich Building Society landlords, and I didn’t speak out because I didn’t have my tracker mortgage with them. Then they came for all the ‘buy […]

I’ve got my heart set on a property going to auction, which has no bathroom. I can get a mortgage to easily cover the cost of the property. But the problem being, it’s got no bathroom. Went to Lloyds, and delved into what their surveyors will pass an approval on, and basically saved £300 on […]

I have a tennant who hasn’t been staying in a studio flat that I own for the last two months. She as been with me for just over six month’s now . Can I serve a section 21 to her still if she isn’t present and if so what do I do to enforce it […]

Property118 exists to facilitate the sharing of best practice among the UK Private Rented Sector. Many of the Articles appearing on Property118 are Readers Questions and Discussion Threads. Please feel free to use the Form below to compose your own. We will always do our best to answer your questions, but please remember there are 1,000’s […]

Eviction – Beat the Xmas rush and get possession for January letting. Planning for Christmas in October? No we haven’t taken leave of our senses. If you really want vacant possession for January (and you need the current tenant out) now is your last chance before Christmas to make it happen. The courts are stuffed full. […]

I would appreciate your thoughts on the following Mortgage Express conspiracy theory. As we know, Mortgage Express is run by UK Asset Resolution who are tasked with recovering as much money as possible for the tax payer. If UKAR were to increase tracker margins for Mortgage Express customers, to a point where most landlords were […]

Is there a trend? First the Bank of Ireland raised their Tracker rates and now West Bromwich Building Society have followed suit, will Mortgage Express copy and raise their rates? We borrowed a tidy sum from Mortgage Express and have been enjoying the “Product Variable Rate” of 1.75% above the Bank of England Base Rate. […]

In Ed Miliband’s speech at the Labour Party conference he warned “We’ll say to private developers, you can’t just sit on land and refuse to build. We’ll give them a very clear message – either use the land or lose the land. That is what the next Labour government will do.” ‘We’ll say to local […]