Page 908 – Property118

Why Do People Hate Landlords?

27th October 2011

I decided to write this article as a companion piece to Mary Latham’s recent article “I will not say sorry for being a good landlord”. I originally conceived it as simply a reply but I thought I had too much to say on the matter. Mary’s concern is a common one that I hear. “What […]

Letting Agents Accused of Rip-Off Card Charges

27th October 2011

Letting agents are cashing in on debit and credit card surcharges on services for landlords and tenants, warns consumer champion Which? Researchers checked out 20 leading estate agents based on branch network sizes and found some charge for debit card payments, while 13 charged for credit card transactions. The survey focused on card charges for […]

HMO Confusion Could Costs Landlords Fines of £50,000

27th October 2011

Planning and licensing rules for shared houses could be an expensive trap for landlords as some councils take on new powers. Property investors can face fines of up to £50,000 for making mistakes – and the rules vary depending on where the letting property is located. Three sets of rules apply to small houses in […]

Landlords Have Double the Choice of Buy to Let Mortgages

25th October 2011

The number of buy to let mortgages has more than doubled over the past three years – with more special deals only available from brokers. Landlords and property investors can choose from 483 different mortgages – up from 237 in October 2008, according to independent financial monitor Defaqto. The number keeps rising as more lenders […]

Find the Cheapest and Most Expensive UK Homes

25th October 2011

New research from a major mortgage lender reveals the cheapest and most expensive places to buy homes in the UK. The data also highlights the towns with the largest and smallest price increases over the past 10 years. The research looks at homes on a price per square metre basis – comparing prices by living […]

Property118 Landlords eNewsletter – Issue 68

25th October 2011

This week’s round-up of the news, insight and commentary featured on Property118 is displayed in a slightly differently format due to the growing number of expert contributors to the website.Please remember that you can sign up to receive a free daily update of posts added to Property118 by registering here.

10 Facts About £1 Million Property Sales

25th October 2011

Around 19 homes worth £1 million or more were sold every day for the first six months of the year, according to Lloyds TSB. A total of 3,375 £1million pound property sales were sold – the most since the 3,680 sold in 2007 and 10% higher than the 3,075 sold in the first half of […]

Fraudster Letting Agent Faces More Time in Jail

25th October 2011

A jailed letting agent who stole cash from landlords to fund his ailing business risks another 15 months in prison if he fails to pay his victims £44,000 compensation in the next 12 weeks. Stephen Greenwood, 55, was sent to prison for 12 months in February after admitting four fraud charges at Warwick Crown Court. […]

£1,200 a month in rent from a £100,000 property!

24th October 2011

Award winning buy to let portfolio building specialist speaks about his landmark David & Goliath victory over his local council. Robin Pilley is the founder of CXG Property Services which specialises in high yield HMO (Houses in Multiple Occupation) and letting. His combined business letting agency and property sourcing business is one of a kind […]

I Will Not Say Sorry for Being a Good Landlord

24th October 2011

An article in the Telegraph last week really offended my sense of justice. I am well aware that only landlords can really understand our business but “well informed” people seem to have very short memories. I want to remind them about some recent history of why housing is now costing the public purse so much […]

The HMO Debate – an admission of defeat.

24th October 2011

My last article on Property 118 brought forth a host of questions from landlords wondering whether their property was in or out of the HMO grip. I got questions saying “Help! is my house an HMO?” and comments that they weren’t getting any sense or consistency out of their Environmental Health Officers. This seemed to […]

How Do You Find Trades People & Professional Contacts?

24th October 2011

Having been a relatively “hands off” landlord myself now for over 20 years with a very well spread portfolio in geographical terms, I totally understand how frustrating it can be when you call your trusted contacts and they don’t answer the phone because they are too busy or they’ve gone out of business. You may […]

Buy to Let Refurb Update – Landlords Log Part 12

21st October 2011

Six days into my buy to let refurbishment project, see how it’s coming together. In this video I share a few tips on the best order to go about a refurb and the fixtures and fittings I’ve used and why. Join me again in a week or so and I’ll show you the completed project […]

Student Housing Demand Dries Up in Some Areas

21st October 2011

Speculative developers looking to cash in on the student housing boom have been warned numbers of halls of residence have reached saturation in some areas. The writing is on the wall for some big developers as banks pull funding because they consider they are over exposed in the niche. Birmingham’s Aston University has slammed councillors […]

Buy to Let Rents Hit a New Record High

21st October 2011

Buy to let rents are still going up – with tenants paying an average new high of £718 a month. The cost of renting a private home has surged by 4.3% in the past year, leaving tenants having to find around an extra £1 a day more than they were paying in September 2010. Rents […]

Glen Ackroyd photo

How Sell and Rent Back Links Britain’s Most Wanted Man

21st October 2011

Recently, one of the properties managed by our portfolio management company, National Property Group, was subject to a legal challenge against the landlord. Since selling the property, the original vendor had subsequently been made bankrupt, and the Trustee acting on behalf of the creditors was demanding the difference between the below market value sale price […]

Green Light as Green Deal Becomes Law for Landlords

20th October 2011

The Green Deal has become law – and landlords must comply with the new energy efficiency measures or risk a ban on letting property. The Energy Act lays out framework for the government to issue eco-friendly regulations aimed at making homes and commercial buildings warmer and cheaper to run. Buy to let landlords must comply […]

Landbanking – “Too Good To Be True, Because it is”

20th October 2011

The Insolvency Service has seen a rise in landbanking scams, complaints have gone up by a third since 2009 at a cost of £13.4million. The scams involve a company selling portions of land to investors with the false pretence of planning permission only for the land to be found to be Green Belt and planning […]

FSA to Warn Homeowners About Misleading Lease Option Deals

20th October 2011

Consumer champions are warning homeowners with financial problems about property speculators who offer a way to avoid repossession with lease option deals. The Financial Services Authority (FSA) is drafting guidelines warning homeowners about some unscrupulous companies that fail to deliver their promises to stop repossessions or ease their financial problems. Lease options are a controversial […]

Buy to Let Lender Reveals Landlord Loan Home Truths

20th October 2011

Buy to let insiders have revealed some home truths behind the property business in an online video for mortgage brokers. The key speaker was Paul Howard, head of the Nationwide’s specialist accounts, which includes major landlord lender The Mortgage Works (TMW) The video debate was hosted by trade magazine Mortgage Solutions, bringing Howard together mortgage […]