Page 911 – Property118

Economic Woes are Still Pushing House Prices Down

1st November 2011

The housing market is still falling – but the pace of the slide is slowing down, according to the latest property price report. Prices slipped by 0.2% in October – compared to a 0.1% fall over the previous five months in a row, says Hometrack, an independent house price data analyst. Homes were losing value […]

Maintenance Men – Can’t Live With Them, Can’t Live Without Them!

31st October 2011

A couple of weeks ago I started a discussion thread on Property Tribes about the trials and tribulations of dealing with trades in terms of property maintenance. It started out as a bit of a rant after my long-standing builder and I “had words”. Actually, he came over after sensing that I’d got my knickers […]

Don’t Shoot the Messenger #7 – When a Tenant Takes on a New Partner

31st October 2011

When a tenant has a beef with their landlord, I’m the guy they go to. My job is to either negotiate or prosecute, depending on the circumstances. This occasional and random series aims to let landlords know the common complaints that are made about them, the laws that cover them and how to deal with […]

Mark Alexander

All Properties Now Let – Landlords Log 14

28th October 2011

An update to my previous video blogs entitled “My Tenant Has Done A Midnight Flit” and “Property Refurbishment Project”. Please excuse the plug for my brothers businesses AA-Lettings and The Modernizer which operate in Kings Lynn and Norwich but I felt he deserved a bit of recognition for his innovation and help.

London Property Prices are Still Rising, says Land Registry

28th October 2011

London is still blazing the way from property prices with homes increasing in value by an average 2.7% over the past year, according to the latest Land Registry figures. The capital is the only place in the country where prices are rising – with the average drop for the rest of England and Wales hitting […]

Murders in a Home are the Kiss of Death for Buyers

28th October 2011

Hauntings, murders and eerie goings sound a death knell of interest from serious homebuyers. Homes with a spooky or notorious past may pick up visits from the curious, but few feel comfortable living with the unknown. In many cases, local councils or owners decide to pull down the offending buildings as a break with the […]

Ben Reeve-Lewis on Landlord & Tenant Relationships

28th October 2011

“Don’t Shoot The Messenger”. Ben Reeve-Lewis investigates complaints from tenants about harassment and illegal eviction ………. he prosecutes landlords for a living! His full time occupation is a Tenancy Relations Officer with Lewisham Council. So why is he one of the most popular authors on Property118.com, one of the UK’s busiest landlord websites, you may […]

Glen Ackroyd photo

A Tenant from Hell – And a Landlord’s Revenge!

28th October 2011

I thought I’d share my recent experiences of a “Tenant From Hell” We often take on properties from landlords who have problem tenants, usually leaving us the legacy of sorting them out. Because I practiced as a Landlord & Tenant Lawyer, I head up (and personally oversee) all evictions at NPG which means we don’t […]

Working Out if a Buy to Let Property is Profitable

27th October 2011

A key skill for landlords is knowing how to work out whether an investment is profitable. Yield is the tool that gives the required result – it is worked out by taking the rent received on a property in a tax year as a percentage of the cost of the investment. For buy to let […]

Do You Fit the Private Landlord Profile?

27th October 2011

A snapshot of landlords and letting has just been released by the Department of Communities and Local Government following a survey of property investors. The aim is to profile landlords how they buy, let, manage buy to let and shared homes, sometimes called houses in multiple occupation (HMO).

Buying a New Property

27th October 2011

Having worked for about 20 years with new home builders, there are some things you should know. NEVER be pressured into moving in by their end of year or half year- everyone from sales to plumbers will be rushing like mad to get homes finished. There are financial targets to be met and the finish […]

How to Reference Tenants

27th October 2011

Ideally landlords want a long-term tenant who treats the property as if it is their own, and this is where it is beneficial to use letting agents , that are experienced in finding good tenants ( in Nottingham in my case) and who can carry out the relevant checks for you. If you want to […]

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 […]