I got a problem with a landlord of a property next door to mine and I would like some advise on how to handle the situation please. His ASB tenants have been making life hell for the decent people in the street and the street backing on to his property…
The numerous interventions from regulators, the EU, the changing lending landscape and even more scrutiny that banks now demand before agreeing terms, has all made for a much more difficult BTL marketplace. You have probably seen this for yourself already. Many mortgage brokers who dabbled in the BTL space have now gone back to their… Read more
The post PRA, DSCR, FCA, HMO, SPV, SIC Code, ATED – What BTL landlords need to know for 2017 appeared first on Property118.com.
Could not get a £30k BTL mortgage on a £380k house that has had a >95% occupancy since 2002. The conversations with various banks went something like this Ah Hamish, you’ll have had your tea. I have that Banker. We’re here for a modest BTL mortgage and you have various products that interest us. Aye… Read more
The post Stupid stupid Banking systems! appeared first on Property118.com.
I want to buy an HMO which is already held in a SPV Ltd company. I want to retain the same structure going forward and therefore want to buy the limited company. I’m looking for a lender who understands the transaction, where ultimately they would be valuing the asset held in the limited company and… Read more
The post Mortgage to buy an SPV Ltd Company and property it sits in? appeared first on Property118.com.
The hybrid structure is nothing new. In simple terms it’s a partnership, whereby one or more of the partners is a Limited Company, plus in some instances an offshore pension trust structure such as a QNUPS.
However, the way the structure is curre…
If you don’t want to pay more tax as a result of Section 24 of the Finance (No.2) Act 2015, which restricts mortgage interest relief for individual landlords, you don’t have to. In the vast majority of cases it is optional, but only if you take positive action! Throughout 2016 Property118 has discovered and published… Read more
The post LANDLORDS – Section 24 Tax Is Optional appeared first on Property118.com.
Thank you all for your support this year, 2016 has been a good one us. My wife and I emigrated to Malta, visited the UK and Rome and we are now in Russia celebrating a white Christmas. Above anything else we enjoy spending time with our family and sharing the good life with them, and this… Read more
The post 2016 in Review and Goals for 2017 appeared first on Property118.com.
I’m a landlord of two houses. I use an agent to manage them. He is a sole trader and really the business is him. He was a terrific man and sadly he died last week. I spoke with his widow when the rent for one of the houses didn’t come to me. She explained about… Read more
The post What to do when your sole trader letting agent dies? appeared first on Property118.com.
Stamp Duty Land Tax (SDLT) revenue has increased by 12% to £7.7bn for the first eight months of the 2016-17 financial year compared to the previous year despite a 9.9% decrease in the number of property sales. Purchase transactions for this period April to November 2016 fell from 868,000 last year to 782,000 this year…. Read more
The post Stamp Duty revenue increase to be used in areas with highest numbers of second homes appeared first on Property118.com.
Hello an online estate agent is offering a hard to believe marketing deal to advertise property on all the big sites for an absurdly low £99 until sold. Ive found sites that are costly compared to what it cost say four years ago so how come can these agents undercut everyone? Also why are High… Read more
The post Online Estate Agents seem too good to be true? appeared first on Property118.com.
Gavin Barwell was speaking at a debate on the Leasehold and Commonhold Reform Act of 2002 and said the leasehold system has widespread problems that needs addressing and produced results of the National Leasehold Survey 2016, which showing 57% of leaseholders agreed with the statement “I regret purchasing a leasehold property”. Housing Minister Barwell went… Read more
The post Housing Minister Gavin Barwell raises concerns over the UK Leaehold system appeared first on Property118.com.
So, the short of this is, my partners rented property is being repossessed. She passed on information that the mortgage was in arrears following a solicitors letter to the letting agent who told her ‘we will freeze payments to the owner, and investigate’. She heard nothing until last month when another letter came and informed… Read more
The post Landlord being repossessed and letting agency burying heads in the sand! appeared first on Property118.com.
Hi there. I have been renting a property out for the last 15months (having lived in it beforehand) and have really struggled to get a mortgage. Current Rent: 620/pw Current Mortgage: 417,000 Property Valuation: 650,000 Employment: Aug 2016 onwards (so …
As 2016 comes to a close, many landlords will be reviewing their portfolios in order to find ways to protect their profits in response to a number of changes to the private rental sector this year. While some landlords may consider selling unprofitable properties, other options of improving profits could be to extend portfolios or… Read more
The post Landlords considering refurbishing a property? Here’s what to look out for appeared first on Property118.com.
Mark Shooter, last year’s Conservative Mayor of Barnet, is a director of Kingscroft Estates who have been prosecuted for renting out an unlicensed HMO next to Mornington Crescent tube station in London. The company was ordered by Highbury Corner Magistrates’ Court to pay £8,540 for a property housing 14 tenants with one small kitchen. Environmental… Read more
The post Ex-Tory Mayor’s property company prosecuted for unlicensed HMO appeared first on Property118.com.
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of Norwich City Football Club