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Property118 Landlords Newsletter – Issue 113

4th May 2012

This week’s edition features Julie Ford looking at the rise of virgin landlords and Ben Reeve-Lewis delves deeper into his Tenancy Relations Officer role. There is also news of buy to let mortgage changes, an update on the government and insurance companies stand off and a round up of landlords in court.

Buy to let shines as mortgage lending slumps to 40 year low

4th May 2012

Buy to let lending was the only bright point in a year when mortgage lending slumped to the lowest levels for almost 40 years, according to the Council of Mortgage Lenders (CML). Landlord loans were up 40% in the year with advances of £14.1 billion against £10 billion a year earlier, says the CML annual […]

Three Landlord Articles Hit Google Page 1

4th May 2012

In the last 24 hours we’ve published three landlord articles containing stories submitted to us by our readers. A Google Search of the phrase “Landlord Stories” put’s them all on page one and they all feature in Google News too. I’ve decided to share my secrets for Internet Popularity by creating an Online Masterclass – […]

London’s cheapest home is a £41,000 boat

4th May 2012

A garage hitting the market with a staggering £525,000 asking price in upmarket Knightsbridge, West London, has prompted a look for the cheapest homes for sale in the capital. For homeseekers looking to buy outright, the cheapest home for sale in London is a one bed renovated houseboat in the Paddington Basin is on the […]

More Landlord Stories from Ian Cahill and John Maynard

4th May 2012

Thanks to Ian Cahill and John Maynard for submitting these Landlord Stories. For details on how to submit your landlord story please click here. Ian Cahill’s Story – CD’s, Tigers and yet more Tigers “I had a buy to let house which I let to two tenants(co- habiting) and the man collected CD’S and the woman collected […]

David Dahill tells his Landlords Story

4th May 2012

Thank you to David Dahill for sharing his landlords story and for being the first to respond to Mark Alexander’s offer to share the stage. For details on how to submit your landlords story please click here. “I have been a landlord for the last 21 years and was having the horror stories conversation with […]

Buy to Let Calculator - Landlord Resources

All change on the buy to let mortgage front

3rd May 2012

Co-Operative Bank buy to let mortgage customers can breathe a sigh of relief as the wholesale scrapping of interest only loans does not include buy to let borrowers. The bank’s specialist property investment subsidiary Platform will continue to offer interest only deals to landlords.

HMO landlord pays £13,000 for ignoring repair order

3rd May 2012

A shared house landlord who ignored council orders to upgrade his property was ordered to pay more than £13,000 in fines and costs by magistrates. A team from Selby Council swooped on the house in multiple occupation (HMO) following complaints from tenants.

Pets are not a landlord’s best friend

3rd May 2012

With former homeowners being forced back into the rental market, The Association of Independent Inventory Clerks has warned landlords to either be prepared for pets or look for the signs of undeclared pets. Most landlords who do accept pets will increase their deposit, but many landlords won’t rent to tenants with pets at all. Tenants […]

Landlord stories – what’s yours?

3rd May 2012

Many of the best read articles on Property118 are landlord stories, what’s great, what’s hot and what’s not. This is probably because we all know deep down that it’s far better to learn from other peoples experiences and far cheaper than learning from our own mistakes. I’ve realised that sharing my strategies and my positive […]

Landlord hopes sink over buy to let flood insurance

2nd May 2012

The likely results of losing flood insurance are sinking-in to landlords with at risk property as much of the country lies underwater and weather forecasters predict even more rain. Great swathes of England are coping with the deluge -and the heavy rains have highlighted just how many homes and businesses are in danger of flooding.

Landlords claim Titanic captain haunts buy to let home

2nd May 2012

Buy to let investors Neil and Louise Bonner are selling the childhood home of ill-fated Titanic skipper Captain Edward John – amid claims the house is haunted by him. Tenants have reported a series of spooky events in the house, including a mysterious kitchen flood and an icy chill in the dining room.

Landlords ready to sink more cash in to buy to let

1st May 2012

Landlords are still purchasing more buy to let homes, according to research by a mortgage lender. Property investors piled cash in to buy to let in the first three months of 2012, adding an average 1.8 homes to their portfolios, says Paragon Mortgages.

£7,500 chapel was cheapest property sold in March

1st May 2012

The cheapest property in England and Wales sold for just £7,500 in March. The stone-built Methodist Chapel in Felindre, Knighton, Powys, is a derelict building in the main street of the small Welsh village.

Taskforce set to tackle beds in sheds scandal

30th April 2012

Beds in sheds landlords face a crackdown by a special government taskforce aimed at closing down criminal landlords and tracking down illegal immigrants. Housing minister Grant Shapps and immigration minister Damian Green have held the first in a series of cross-Whitehall summits with police, the UK Border Agency and local councils to set up the […]

Drugs police raid a cannabis factory once every hour

30th April 2012

Drugs squads are raiding a cannabis factory nearly once every hour and seizing drugs worth hundreds of millions of pounds in an industry dubbed a growing menace by police commanders. On average, 21 drugs factories are closed every day by police.

Don’t Shoot the Messenger #10

30th April 2012

I recently had a long online discussion with Mary Latham, in which we both tried to get to the bottom of the legal stuff around whether or not a managing agent is allowed to sign a Section 21 notice. We didn’t end up with a definitive conclusion. I will write a separate piece on my […]

Property118 Landlords Newsletter – Issue 112

27th April 2012

This week’s edition features Ben Reeve-Lewis at the Property Investors Show, a challenge from Mark to Tony Robbins, Vanessa Warwick tackles tenant referencing and Neil looks at some completed finance deals. There’s plenty in the news too with regulation, Newham

Property hijacks prompt fraud alert from the FSA

27th April 2012

Financial watchdog is alerting landlords to watch out for property hijacking by fraudsters and crooked mortgage brokers. The Financial Services Authority has circulated the warning to all small financial advice firms in the UK to pass on to clients.

Corporates sink millions into student letting

27th April 2012

Corporate investment in student letting was up 50% to £1.15 billion last year as rents and yields continue to go through the roof. The flood of institutional money into student accommodation has continued in the first three months of 2012 with nearly £250 million invested, according to property consultants CBRE.

88% of young adults can’t afford to buy a home

26th April 2012

Seven out of eight young adults do not believe they can buy a home of their own in the next five years, according to research by the Post office. Instead, they will rent buy to let homes or stay with friends, parents or relatives.