Page 854 – Property118

Please leave us a testimonial on Alexa.com

24th July 2013

Leaving us a positive testimonial on Alexa.com might help us to engage with more landlords and associated professionals. We would really appreciate you support with this and it takes less than a minute. The link you will need is http://www.alexa.com/reviews/property118.com Alexa.com is owned by Amazon and monitors the popularity of websites worldwide. It’s a useful tool […]

Buy to Let Property Sales – Partnering With Estate Agents

24th July 2013

Earlier this year we spotted an opportunity to set up a buy to let Estate Agency. However, due to lack of resource (time) very little has been done other than a dozen or so sales on behalf of developers, plus setting ourselves up with The Property Ombudsman Service and organising Professional Indemnity insurance to keep […]

Building a letting agency business

23rd July 2013

I sold my first letting agency business in 2006. In just 12 years my wife and I had taken the business from a standing start to managing 1,000 properties. We have been investing into property for 30 years so property management makes sense to us, we knew what we wanted as landlords so we built […]

rent2rent contracts

23rd July 2013

We are pleased to confirm that a sufficient number of pre-orders for rent2rent contract templates have now been received. For those who have already placed an order, the contracts, which will be professionally drafted by Justin Selig, will be sent to you on or before the end of this month (July 2013). Justin is a […]

Property Investment – what would you buy?

22nd July 2013

Whenever I walk down a high street I can’t help looking through the window of the local estate agents and letting agents. I stand there working out rental yields and often I get tempted to buy. Do you ever do that? The only reason I stopped buying a few years ago is that I had […]

Family property dispute – legal help required

22nd July 2013

12 years ago my father was looking to sell a field. I asked him if I could have it and he said yes. At the time he said we could sort the money out later, the agreed price was £40,000. I have the deeds but he is still the legal owner. If it makes any […]

Having problems with a Rent2Rent kind of company

22nd July 2013

Looks like my first attempt to enter the rental market has turned into a disaster. I just completed a flat purchase and made two agreements (AST and Letting Agency Agreement) with Rent2Rent company – they were supposed to sub-let the flat to their corporate client. This was nearly a month ago Easy way to enter […]

Refusal of consent to let by mortgage lender

22nd July 2013

I have a residential mortgage and want to go and live abroad for a couple of years, during which time I want to rent out my house. My mortgage provider says I cannot have their permission to do this. I don’t really want a buy to let mortgage as it’s only for a short period […]

Section 21 issued prior to contract signing

22nd July 2013

We have private tenancy managed by a letting agent. It is a one year contract, rent has been paid on time and all other terms have been complied with, i.e. we are clean, quiet, diligent tenants. 10 months into our contract our letting agent says our landlord wants them to re-market the property. We have tried […]

Cannabis Factory – Landlords Case Study

22nd July 2013

How do you know if your property is being used as a Cannabis factory? I’m writing this, having been involved recently in a case where a landlord got caught in this conundrum. Leona… we will call her for the sake of confidentiality. I thought I would tell her story for you as it is a […]

CML reports 26% growth in Mortgage Lending

19th July 2013

The Council of Mortgage Lenders CML reports that total gross mortgage lending increased to £15 billion in June, which is 2%  more than £14.7 billion in May this year and 26% higher than the total of £11.9 billion in June 2012. This is the highest monthly figure for gross lending since October 2008. Gross lending […]

Is my Fixed or Variable loan an Interest Rate Hedging Product?

19th July 2013

Not everyone who has been sold an Interest Rate Hedging Product knows that they hold one as many people think they just have a fixed rate loan or variable rate loan. When you purchased the Interest Rate Hedging Product you may have been under the impression that you were purchasing a type of fixed rate […]

BuytoLet Remortgage rates best since the credit crunch

19th July 2013

The prevailing mood in the BuytoLet remortgage world over the past three or four years has been “Rates are high; criteria are being squeezed; fees are high” – so it’s not been considered financially viable to remortgage. Therefore Landlords have settled down and put raising equity or just remortgaging for rate to the back of […]

August is often the month Landlords Insurance policies renew

19th July 2013

Several years ago my business partners and I were approached by an insurance broker who told us we could save a lot of money by combining our landlords insurance policies into a block policy. This was the beginning of our landlords buying group.

Private Rented Sector Review – Conclusions and recommendations

18th July 2013

The Private Rented Sector Review conclusions and recommendations published by the Communities and Local Government Committee: Simplifying regulation 1.  We recommend that the Government conduct a wide-ranging review to consolidate legislation covering the private rented sector, with the aim of producing a much simpler and more straightforward set of regulations that landlords and tenants can easily […]

Private Rented Sector Review – Summary

18th July 2013

The Private Rented Sector Review summary published by the Communities and Local Government Committee: The private rented sector has seen sustained and consistent growth in recent years. A structural change from owner occupation towards renting began a decade ago, long predating the economic downturn. The sector is home to an increasingly wide range of people—from […]

NLA report on the Private Rented Sector Review

18th July 2013

Looking at the House of Commons Communities and Local Government Select Committee’s Report on the Private Rented Sector Review, Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA) publicises his comments. “This is a really positive report. It takes the debate around the growth of the private-rented sector out of the 1970s into […]

NUS also report on The Private Rented Sector Review

18th July 2013

The National Union of Students (NUS) has welcomed The Private Rented Sector review from the Communities and Local Government Select Committee on which has set out a series of proposals to correct serious flaws in the private rented housing market. One of the report’s recommendations, which NUS suggested in its evidence, is to bring the […]

Rightmove moves to real time uploads

17th July 2013

Every renter can profess to the frustration of seeing a property listed online and calling up just to be told “sorry, that’s just gone, but if you would like to register with us.” Imagine if prospective renters and buyers were sent an update the moment a landlord or vendor instructed their agent. Rightmove are currently […]

Client Money Protection cover now available to all Agents

17th July 2013

The Property Ombudsman (TPO) scheme has pushed on behalf of the Lettings industry to make Client Money Protection cover (CMP) available to all UK lettings agents. Up until this month, CMP cover was only available through a number of trade bodies. The introduction of two new CMP providers this month will enable letting agents that […]

NAEA report 14 percent rise in house hunters

17th July 2013

The latest figures from the National Association of Estate Agents NAEA housing market report revealed another monthly increase in the average number of sales made by NAEA members. Average sales increased from nine per branch in April to ten in May. This follows a continued rise from the beginning of the year, where in January […]