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Property118.com Website Awards 2012 – Cheshire

17th February 2012

We are delighted to announce the Property118.com website awards for Cheshire. Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information about the awards and the judging process. View the winners from other counties by clicking here.

Property118.com Website Awards 2012 – Channel Islands

17th February 2012

We are delighted to announce the Property118.com website awards for Channel Islands. Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information about the awards and the judging process. View the winners from other counties by clicking here. So without further ado, the winners are:-

Property118.com Website Awards 2012 – Cambridge

17th February 2012

We are delighted to announce the Property118.com website awards for Cambridge. Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information about the awards and the judging process. View the winners from other counties by clicking here.

First ever government-backed mortgage indemnity scheme set to launch in March

17th February 2012

-By Guest Columnist Daniel Coleman The first ever government-backed mortgage indemnity scheme is set to be officially launched within the next few weeks. The NewBuy Guarantee scheme which takes off in March, aims to help 100,000 homebuyers who only have access to a five percent deposit to purchase a new-build property, in order to kick-start […]

Making Overpayments on Your Mortgage

17th February 2012

In the last month I have received letters from three of my mortgage lenders suggesting that I should make overpayments on my buy to let mortgages. Their logic is that my mortgage payments have reduced considerably due to interest rates having dropped substantially since I first took the mortgages. They are right! I’m paying less […]

What to do if you can’t make your mortgage payment

16th February 2012

Hopefully none of my regular readers will ever find themselves in this position as they will have built up a liquidity reserve, enjoy positive cashflow and will have paid off expensive forms of debt before they ever think of committing themselves to making repayments on their cheap interest only buy to let mortgages which also […]

Buy to let fraudsters target landlords and letting agents

16th February 2012

Police are warning about fraudsters who are ripping off landlords and tenants by posing as bogus letting agents. Scotland Yard detectives are looking for those behind two scams. In the first, tenants pay over a deposit and first month’s rent on buy to let homes that are already let.

Record Number of Landlords Making Rental Losses

16th February 2012

Landlords are starting to feel a squeeze on rental profits despite rising rents, according to a new study. The number of buy to let landlords with large portfolios of 20 or more rental homes making a loss soared to 8%, says the research for the National Landlords Association. The findings for the last three months […]

A serious new blow to mortgage borrowers

16th February 2012

I read with interest an article in the Daily Mail this week based on an announcement by Santander that they are radically over-hauling their policy on interest only mortgages. Now you can’t get an interest only mortgage from Santander unless you have 50% deposit to put down. Business as usual, they can run things as […]

Be wary of Letting Agents Pushing Rightmove Premium Listings

16th February 2012

Rightmove Premium Listings ‘Do they work?’ Rightmove themselves state that their own research indicates that properties with a “Premium Listing” banner generate 21% more enquiries. Of course they have a vested interest because they charge Agents £10 for every listing, which is all extra profit for them. In truth, it is impossible to test this […]

Council hit-team takes on hardcore rogue landlords

15th February 2012

A council hit-team is readying to prosecute rogue landlords who have dodged signing up to a selective licensing scheme. The team is tracking down a group of landlords in Sunderland who have ignored calls to license their buy to let and HMO properties in the city. Investigators are planning to interview them under caution with […]

Lloyds tightens interest only rules for landlords

15th February 2012

Lloyds is the latest bank to tighten up interest-only lending criteria following the lead of Santander. Both banks are significantly restricting interest only borrowing for personal residential mortgages, but leaving buy to let options intact.

Property118 Landlords Newsletter – Issue 95

15th February 2012

The latest news and views from the private rented sector including top tips on how to find the perfect tenant from Steve Hanbury, the legalities of evicting a bad tenant by Mary Latham and Mark Alexander raises the question of whether the major property portals could help clean up the lettings industry.

Business Booms for Letting Agents as Buy to Let Thrives

14th February 2012

The thriving buy to let market is driving a letting agent boom as firms respond to increasing demand from tenants eager to rent a home. Two key nationwide firms are pouring millions in to expansion plans. Countrywide has earmarked £5 million on growing lettings and has acquired a number of smaller specialist buy to let […]

Property is a Pension for 80% of Landlords

14th February 2012

Eight out of 10 landlords plan to supplement their pension income from letting property, according to the latest research by the National Landlords Association. Landlords see buy to let as a way to increase their wealth and as a key method of generating a retirement income as an alternative to mainstream pension savings.

How do I get rid of my bad tenant?

14th February 2012

That is a question that I am asked by landlords all the time and I am pleased when they ask me because it means that they do not intend to “send the boys round”. These landlords want to remove unwanted tenants legally so I am always happy to explain the process of either Section 21 […]

Could Rightmove, Zoopla etc. clean up the lettings industry?

13th February 2012

It has just occurred to me that most of the lettings agents that don’t carry professional indemnity insurance or protect deposits still need to advertise on the major property portals such as Rightmove, Zoopla, PrimeLocation, Globrix etc. There have been plenty of media articles recently calling for the Compulsory Licensing of Letting Agents and stories […]

Landlord and his Lover Conned £20,000 in Benefits

13th February 2012

A landlord moved his tenant lover in to his home while she carried on fraudulently claiming benefits for his buy to let. The pair conned the local council out of £20,000 in housing benefits, council tax and income support. Mandy Huskisson, 44, pleaded guilty to four fraud offences at Runcorn Magistrates Court. She was given […]

Letting Agent Stole £250,000 from Landlords and Tenants

13th February 2012

Letting agent Zulfiqar Hussain must pay his victims £250,000 or face three years in jail after stealing money from dozens of landlords and tenants who trusted him with their cash. Hussain was sentenced to a nine month suspended prison sentence after admitting seven charges of engaging in unfair commercial practices and one of money laundering.

Finding the Perfect Tenant – “Trust but Verify”

13th February 2012

Finding that perfect tenant can be time consuming and a very tough task. No matter how a prospective tenant may dress or whether they come across very genuine and trustworthy, there is no guarantee that what you see is what you get. Recent research undertaken by the NLA found that over 50% of landlords have […]

Property118 Landlords Newsletter – Issue 94

13th February 2012

Great news for our readers this week, Property118 has been appointed as a source of Google News which means your comments will carry far more influence than ever before and will help to portray what is happening in the ‘real world’ of UK property. Mary Latham adds a tongue in cheek video blog which contains […]