I have been attending the Bank of England quarterly seminars since 2007 and was completely flummoxed by the opening statements reporting good news for a change.
They are confidently predicting consistent...
The Bank of England Funding for Lending scheme will now allow Small and Medium sized enterpises (SMEs) to lend the money available on to property investors.
The Funding for lending scheme has been extended...
Members of The National Association of Commercial Finance Brokers (NACFB) have reported a steady increase in Holiday lets being purchased using commercial finance along with the number of lenders and products...
Martin Wheatley the current head of conduct at the Financial Services Authority (FSA) has been strongly criticised by the Treasury Select Committee (TSC) for the FSA’s response to the Bank of Ireland...
New commercial finance facilities are offering the option to switch bridging finance to a BuytoLet mortgage within the normal 6 months period other lenders require you to wait.
Borrowers are now able...
The 2013 Budget is hoped to boost the housing market and construction industry. Yesterday Chancellor George Osborne announced new plans to help people buy their first homes homes with the Help To Buy Scheme...
BM Solutions relaxes its BuytoLet lending criteria to allow landlords to rent to students and benefit claimants
It was recently reported that BM Solutions was looking at changes to its BuytoLet underwriting...
I had a question concerning this from our reader Dan today, but many Buy to Let investors I talk to are unprepared when looking to purchase a flat about considering what lenders will take as suitable security.
We are working with a range of dedicated Development finance lenders for our readers to get the best criteria terms and conditions available in the current market.
The Lenders are all long established...
Paul Tucker the deputy Bank of England governor has told the Treasury Committee that negative interest rates should be considered.
A negative interest rate on bank reserves held at the Bank of England...
A Property118 reader has shared this story with us – he’s a Property Developer and was struggling to find the right Development finance.
Our reader first contacted us in the Spring of 2012. He was...
Our preferred commercial finance broker Cliff Verrill reports that Shawbrook Bank are driven by common sense not bureaucracy looking for ways of saying yes to clients and not the often received “computer...
Shawbrook Bank specialists in commercial and BTL finance have reduced their arrangement fees to 1.70% a saving of 0.80%, and their rates by up to 0.60% across their term product range.
Big advantages Shawbrook...
The Bridging Loans market has become popular with many new niche lenders competing with the big banks for your business. This competition can only be good for price, customer service and lending criteria.
The Loan Directory is a regular feature publishing examples of the most competitive and frequently used products in the commercial market to help readers identify possible funding facilities for their...
The Loan Directory is a regular feature publishing examples of the most competitive and frequently used products in the commercial market to help readers identify possible funding facilities for their...
My business partner and Founder of Property118, Mark Alexander, recently gave a 20 minute keynote speech to a group of start up technology businesses based in Norfolk.
In this video (below) Mark explains...
The appointment of Mark Carney as the new Bank of England Governor is the first time in the Bank’s 318 year history that a foreign citizen has taken the position, and the first time that the role...
The Bank of England Inflation Report November 2012 shows the growth of GDP for this quarter at 1% behaving entirely as predicted. The 1% growth is made up from a 0.5% bounce back from last quarter’s...
The BuytoLet Mortgage Calculator has recently had every product and lender listed checked and updated. From my observations doing this on a regular basis I can tell which direction the BuytoLet mortgage...
Daily Mail have a lot of angry Landlords!
>> https://www.dailymail.co.uk/news/article-14001855/Keir-Starmers-wrong-working-people-Furious-landlords-savers-self-employed-slam-PMs-claptrap-prejudice-hinted-tax-hikes.html... Read More
Hi Jane,
I would recommend a tax advisory service with a very wide set of skills and experience. Someone like Forbes Dawson >> https://forbesdawson.co.uk/... Read More
I don't think you quite get we report the news sometimes of what others are saying without always giving an opinion, but we are always championing on behalf of good landlords.... Read More
Hi Andrew, Under current legislation if it is a private individual's main residence then it is considered an AST regardless of the contract.... Read More
"Cats Protection understands that some landlords may be reluctant to allow cats in their properties. However, research shows that pet owners stay longer in their homes, and that the vast majority of pets cause no damage[i]. Through our Purrfect Landlords campaign, we’ve been working hard to highlight the benefits of pet ownership in the rented sector to both landlords and tenants.
Pet-owning tenants face real challenges in finding suitable housing, and this is why the Renters Reform Bill contains a clause to give tenants a right to request a pet which cannot be unreasonably refused. Our own research shows as few as 9% of landlords currently advertise their properties as allowing pets. We see three cats a day handed into our care due to landlord-related reasons such as blanket ‘no pet’ policies.
Unfortunately, the Consumer Rights Act makes no explicit mention of pets. It refers to ‘unfair terms’, and whether this would include a ban on pets within a tenancy has not been tested. We believe it would be unrealistic for the average renter to have the access and means to challenge this in court. This is why the Renters Reform Bill is needed – to explicitly and clearly set out that landlords must not ban pets without good reason.
The proposed Renters Reform Bill contains a specific provision to enable landlords to require tenants to take out insurance (at their own expense) to cover any pet-related damage. We believe this provides suitable reassurance and peace of mind for landlords and removes the need for increased deposits to cover any damage.
Our website contains a wealth of information to help landlords and tenants so that pet ownership can be a benefit to both parties. For more information, please visit cats.org.uk/purrfectlandlords"... Read More
Let me see potential:
Failure to report rental income to HMRC?
Failure to report a CGT liability dependent on PPR relief?
Voter registration fraud?
Universal credit fraud?
Council tax fraud?... Read More
11:21 AM, 13th December 2024, About 2 weeks ago
Reply to the comment left by Bob Summerfield at 13/12/2024 - 10:57
Hi Bob, I have added a link to the full data tables used.
Their Yield calculation is based on annual rental income as a percentage of Value.... Read More
14:48 PM, 25th October 2024, About 2 months ago
Daily Mail have a lot of angry Landlords!
>> https://www.dailymail.co.uk/news/article-14001855/Keir-Starmers-wrong-working-people-Furious-landlords-savers-self-employed-slam-PMs-claptrap-prejudice-hinted-tax-hikes.html... Read More
10:21 AM, 17th October 2024, About 2 months ago
Dear Mike,
The maximum fine for a breach of Licence is £30,000!
I would recommend you contact our friends at Landlord Licensing and Defence >> https://landlordsdefence.co.uk/... Read More
11:46 AM, 9th October 2024, About 3 months ago
Hi Jess, Do you have a Partnership agreement and what does it say?... Read More
14:01 PM, 1st October 2024, About 3 months ago
Reply to the comment left by Keith Wellburn at 01/10/2024 - 12:00
Correct that should be £315,000 per individual Landlord not per property and now corrected thank you :)... Read More
10:13 AM, 5th August 2024, About 5 months ago
Hi Jane,
I would recommend a tax advisory service with a very wide set of skills and experience. Someone like Forbes Dawson >> https://forbesdawson.co.uk/... Read More
16:53 PM, 26th July 2024, About 5 months ago
Reply to the comment left by G Master at 26/07/2024 - 16:27
I don't think you quite get we report the news sometimes of what others are saying without always giving an opinion, but we are always championing on behalf of good landlords.... Read More
9:04 AM, 26th July 2024, About 5 months ago
Reply to the comment left by G Master at 26/07/2024 - 00:54
Me thinks you may not read all the articles :)... Read More
10:05 AM, 15th July 2024, About 5 months ago
Hi Andrew, Under current legislation if it is a private individual's main residence then it is considered an AST regardless of the contract.... Read More
12:19 PM, 31st May 2024, About 7 months ago
Reply to the comment left by LordOf TheManor at 31/05/2024 - 11:12
I am not an accountant, but from the professional websites it looks like you need to call HMRC on:
0300 200 3300... Read More
18:47 PM, 16th May 2024, About 7 months ago
Reply from Cats Protection:
"Cats Protection understands that some landlords may be reluctant to allow cats in their properties. However, research shows that pet owners stay longer in their homes, and that the vast majority of pets cause no damage[i]. Through our Purrfect Landlords campaign, we’ve been working hard to highlight the benefits of pet ownership in the rented sector to both landlords and tenants.
Pet-owning tenants face real challenges in finding suitable housing, and this is why the Renters Reform Bill contains a clause to give tenants a right to request a pet which cannot be unreasonably refused. Our own research shows as few as 9% of landlords currently advertise their properties as allowing pets. We see three cats a day handed into our care due to landlord-related reasons such as blanket ‘no pet’ policies.
Unfortunately, the Consumer Rights Act makes no explicit mention of pets. It refers to ‘unfair terms’, and whether this would include a ban on pets within a tenancy has not been tested. We believe it would be unrealistic for the average renter to have the access and means to challenge this in court. This is why the Renters Reform Bill is needed – to explicitly and clearly set out that landlords must not ban pets without good reason.
The proposed Renters Reform Bill contains a specific provision to enable landlords to require tenants to take out insurance (at their own expense) to cover any pet-related damage. We believe this provides suitable reassurance and peace of mind for landlords and removes the need for increased deposits to cover any damage.
Our website contains a wealth of information to help landlords and tenants so that pet ownership can be a benefit to both parties. For more information, please visit cats.org.uk/purrfectlandlords"... Read More
10:02 AM, 28th February 2024, About 10 months ago
Let me see potential:
Failure to report rental income to HMRC?
Failure to report a CGT liability dependent on PPR relief?
Voter registration fraud?
Universal credit fraud?
Council tax fraud?... Read More
10:50 AM, 17th January 2024, About 11 months ago
Reply to the comment left by Judith Wordsworth at 17/01/2024 - 10:39
Sorry It's a Readers Question... Read More
10:21 AM, 30th October 2023, About A year ago
Reply to the comment left by Shinh at 30/10/2023 - 10:17
Landlord Licensing and Defence specialise in this field and we have had excellent feedback :)... Read More
10:49 AM, 19th October 2023, About A year ago
Reply to the comment left by Robert M at 19/10/2023 - 10:46
Massive traffic we have upgraded to 16 servers... Read More
8:13 AM, 5th September 2023, About A year ago
Reply to the comment left by Michael Crofts at 04/09/2023 - 21:51
No there are unsurprisingly two Mark Smiths :)... Read More
16:46 PM, 31st August 2023, About A year ago
Reply to the comment left by Baz at 31/08/2023 - 15:50
No Editing Baz it just can't have saved.... Read More
21:01 PM, 21st August 2023, About A year ago
Reply to the comment left by NewYorkie at 21/08/2023 - 17:45
Sorry we have no record of your comment so it may not have saved... Read More
8:29 AM, 17th July 2023, About A year ago
Reply to the comment left by Patricia Wisefield at 16/07/2023 - 20:04
Hi Laura,
Please see >> https://www.property118.com/insurance-landlords/... Read More
20:24 PM, 13th July 2023, About A year ago
A lot of comments here backing up the original article
>> https://www.property118.com/are-councils-acting-illegally-when-telling-tenants-to-stay-put/
On councils telling tenants to stay put.... Read More