For months now, those of us in the housing advice world have been watching the slow motion car crash that is the unfolding housing benefit changes and we are nearly at the point where the airbag fails to deploy. That’s right folks, the impending changes to the single room rate is just over a week […]

Home prices at auction sales are almost 40% less than average property prices reported by major mortgage lenders. November figures for homes under the hammer show the average price of the 1,098 homes sold under the hammer was £103,477 – up 1.12% on the £102,322 average 12 months ago.

Local councils have lost their fight in the courts to overturn the government’s house in multiple occupation planning laws. After a bitter and long-running dispute, the Court of Appeal has rejected their challenge and ruled housing minister Grant Shapps made a considered and fair decision to reverse planning laws rushed in by the outgoing Labour […]

We’re giving a lucky Property118.com reader the chance to win £100 worth of B&Q vouchers  – perfect for that refurbishment project that you’ve meaning meaning to get around to! To be in with a chance of winning, all you have to do is tell us your best guess to the following question:

Property investors who are taxed under the PAYE system can opt to have their tax coding adjusted to collect any extra payments generated from rental profits – but often the tax man ignores their requests. Landlords who have a PAYE day-job can ask HM Revenue and Customs to collect tax of up to £3,000 by […]

Nearly 3,000 people have signed an online government petition against the regulation of buy to let mortgages under new European laws. To be discussed in the House of Commons, petitions need to accrue 100,000 signatories. The petition is open until November next year.

The latest news and views from the property market and private rented sector. Ben Reeve-Lewis looks back to his sobering time working the doors of a homeless shelter and Angus Ryan looks at this period for lanlords. Mark Alexander asks the relevance of LTV and there’s news from ARLA, FSA and the what EU veto […]

Why Property? Over the last 30 years UK property prices have achieved average compound growth of approximately 10% each year for all areas and all dwellings. Property investment is not a quick get rich scheme but most futures are made with time, not timing! It is a manageable asset which you can control; you can […]

Tough new mortgage restrictions to stop borrowers falling in to arrears have been proposed by the Financial Services Authority after months of behind-closed-doors negotiation with lenders. Out go self-certification and interest-only home loans for most mortgage borrowers. In come strict affordability tests to combat payment difficulties and mortgage fraud for borrowers – with lenders having […]

Rents have eased back for the first time in almost a year – dropping around £7 a month to an average £717, according to one of the UK’s largest letting agents. Annual rent inflation has tumbled from 4.1% in October to 3.5% in November, but rents are still an average £25 higher than 12 months […]

What could be worse than laying on a beach or sitting on a ski lift whilst trying to sort out somebody to go out to fix a tenants broken boiler, cooker, blown down fence etc. Portfolio landlords often prefer to manage their own property portfolio’s and this can be a real problem for them. The […]

It has just occurred to me that a page dedicated to buy to let mortgage advice could be very useful, both to landlords and mortgage brokers. Landlords could leave question here and mortgage brokers could come here to answer them and leave their contact details. Free advice for landlords and the possibility of getting extra business for […]

I’ve been a bit quiet of late. Knocked out by a killer dose of what Frazzy calls ‘Man Flu’ and like the rest of you, running around tying up loose ends before Xmas descends on us for 4 days of food, alcohol, sleepiness and family rows. In a week when Leeds council reports a 200% […]

Landlords have become embroiled in a bitter battle for the election of the new London Mayor as candidates have made residential letting a major campaign issue. Tory Mayor Boris Johnson is standing for re-election and wants to introduce a citywide accreditation scheme for buy to let landlords.

Buy to let borrowers can expect the mortgage drought to continue throughout 2012, according to lending forecasts from banks and building societies. Funds for mortgages are likely to flatline for the next year, says the Council of Mortgage Lenders, the trade body of major mortgage lenders.

Landlord’s Log, the Personal Blog Of Mark Alexander, the Founder of Property118 As the credit crunch continues to affect property prices, the remaining equity in my property portfolio, which I’d not refinanced out, continues to shrink away. The more values fall the closer I get to being in a position of negative equity. Am I […]

News Sourced by Property118 Downletting is the new way to raise cash from a home that you can’t sell, according to letting agents. Many homeowners have problems selling large properties because buyers cannot raise deposits or mortgages, which means they cannot move on.

Mortgage lenders are quietly furious behind the scenes that Prime Minister David Cameron’s Euro treaty veto may have scuppered their fight to block the regulation of buy to let loans. As the dust settles on the UK’s lonely position standing in the kitchen looking on at the Eurozone party, buy to let could be one […]

The latest news and views from the property market and private rented sector. The Property Maverick returns with part two of his property analysis column along with news of Santander entering the buy to let lending market, Shelter’s latest findings and we’re still looking for your good tenant stories.

Missed Part One? Click to read Property Analysis – Part 1 Mortgage Cap Rate (Interest Only) = Net Annual Rental Income + Annual Mortgage Cost / Current Mortgage Outstanding Expressed as a percentage this indicator will tell you the maximum interest rate you can sustain and still break even. Obviously the higher the number the […]

When I first came up with the concept of Property118.com I wanted it to be the best property website ever. To achieve this I realised that it was important to focus on my website being found as well as producing interesting, informative and useful content. With this in mind I set about understanding the Google […]