Firstly to give a level playing field you need to make two assumptions:
You have decided on the type of rate Fixed or Variable e.g. both products will be the same (see previous article) To fix or not...
To fix or not to fix, that is the question so many people are not honest with themselves about.
In the early days of my career I saw interest rates go to 15% and then slowly creep down from that point.
Hi it’s me for my sins
I started my career in banking in 1990 (when I was 8!) and on to the mortgage desk in the pre regulation days. Then on to a Building Society to become a branch and business development...
We are delighted to announce the Property118.com website awards for Mid Glamorgan.
Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further...
We are delighted to announce the Property118.com website awards for Merseyside.
Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further...
We are delighted to announce the Property118.com website awards for Kirkcudbrightshire.
Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for...
We are delighted to announce the Property118.com website awards for Kent.
Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further information...
We are delighted to announce the Property118.com website awards for Hertfordshire.
Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further...
We are delighted to announce the Property118.com website awards for Herefordshire.
Judging decisions were based on a combination of powerful analysis algorithms and human experience. Click here for further...
We are delighted to announce the Property118.com website awards for Hampshire.
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Letting agents have turned up the heat on the government to regulate the private rental sector another notch.
The spat is over who controls letting agents by managing accreditation.
The cost of buying a rental home is set to rise again as banks and building societies tighten their grip on hidden fees
New rules culling the number of property professionals that can act for buyers mean...
Inexperienced landlords can quickly find themselves out of pocket if they fail to protect their property with specialist buy to let insurance.
Rental property must have the right protection as insurers...
In this video blog Mark Alexander, buy to let landlord and founder of Property118.com explains how he uses Social Media to reduce rental voids. His clients are his best ambassadors and Mark uses testimonials...
Talking Dog Video
This is just for a bit of fun and has nothing whatsoever to do with property.
If you would rather read our Property News
please click here.
If you have a business providing services...
In a press release today Mortgage Trust launched its new Buy to let product range with a quote from John Heron, Mortgage Trust Managing Director, saying: “Mortgage Trust returned to lending in April...
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
In essence, I agree with you that interest rates have no effect on global imported inflation and I am not a big fan of Andrew Bailey who I believe has too narrow a view of the economy.
However, this is where economics gets more complex. It is a bit like Mother Nature or an ecosystem where one change always has effects on other parts of the economy in a sort of zero-sum game.
Eg, As other central banks increase their rates we are more or less forced into supporting Sterling or face importing even more inflation just by way of exchange rates.
Also while not the cause the lid needs to be kept on domestic inflation. Literally making people worse off and discouraging employers from being able to afford big pay increases and thus fueling the imported inflation.
Then there's the bond markets and government debt/borrowing requirements etc etc.
Nothing sits in isolation which is why economics is actually considered a Social Science and is very unpredictable.... Read More
Please see Landlord Sales Agency >> https://www.property118.com/attention-all-landlords-are-you-tired-of-managing-rental-properties-and-the-hassle/
Are you ready to sell your investment and move on to other opportunities? If so, we have the solution for you.
We are a team of real estate professionals, dedicated to helping landlords sell their properties quickly and efficiently. We understand the unique challenges that come with selling rental properties, and we have the expertise to make the process as smooth and stress-free as possible:
We have a powerful database of over 30,000 private buyers and portfolio buying companies who want to buy whole portfolios straight away, and who are alerted every time we have a portfolio to sell
Because we focus on a quality fast sale, rather than a cheap fast sale, we ensure that our buy-to-let portfolios are sold not just fast, in less than 28 days, for a financially savvy 85% of the value (in some cases even higher) – which makes sense when we handle every single part of the sale for you, including liaising with all tenants, ensuring all certificates and licenses are in place, and allowing you to simply make the call to us then sit back and relax knowing we’re on it to get the whole portfolio sold before the market drops
We’re a company created by landlords for landlords, so we now exactly what you need to do to overcome all the hurdles and release you from financial stress, including rising taxes, interest rates and bills
There’s no one like us out there, and we’ve built up an unbeatable record for helping landlords which is why we’re the number one go-to company for our partners, including Property118
With our proven marketing strategies and extensive network of potential buyers, we can help you get the best return on your investment. Whether you’re looking to sell a single property or a portfolio of properties, we have the skills and experience to make it happen.... Read More
"Many thanks to Martin, Simon, David and those others for replying with your advice, opinion and kind words of support, I am very grateful.
Sorry I got my dates wrong, actually the tenant has been there for just 3 years, NOT four as I said. It was fully renovated in June 2018, so not 5 years ( have receipts to prove). The tenant has wallpapered over the walls, which will be more time consuming to remove, at a cost to me in additional labour. As I am employing some one.
She is ignoring my messages and calls to arrange the keys to be handed over on the date agreed as her departure.
I also would be curious to know of my legal position with "Implied Contract", so if any Legal Eagles out there wish to respond, or even Mark? Given the tenant received, read, signed and returned the new AST in September, (though it never arrived), would this therefore be seen as an "implied" agreement? So too she increased her rent in line with the new contract therefore accepting the new terms.
So in the absence of any other legal contract, would I be able to enforce "implied in law" ?
10:05 AM, 15th July 2024, About 2 days 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 2 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 2 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 5 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 6 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 9 months 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 9 months 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 11 months 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 11 months 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 11 months 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
9:05 AM, 20th June 2023, About A year ago
Dear Helen,
I am assuming you mean a 2-year fixed term?
During a fixed term the tenant has to agree to the increase.
Also if you have a mortgage you need to check the lender is happy for a fixed term longer than a year as it affects their security.... Read More
10:45 AM, 13th June 2023, About A year ago
Dear Ian,
In essence, I agree with you that interest rates have no effect on global imported inflation and I am not a big fan of Andrew Bailey who I believe has too narrow a view of the economy.
However, this is where economics gets more complex. It is a bit like Mother Nature or an ecosystem where one change always has effects on other parts of the economy in a sort of zero-sum game.
Eg, As other central banks increase their rates we are more or less forced into supporting Sterling or face importing even more inflation just by way of exchange rates.
Also while not the cause the lid needs to be kept on domestic inflation. Literally making people worse off and discouraging employers from being able to afford big pay increases and thus fueling the imported inflation.
Then there's the bond markets and government debt/borrowing requirements etc etc.
Nothing sits in isolation which is why economics is actually considered a Social Science and is very unpredictable.... Read More
9:37 AM, 6th May 2023, About A year ago
Reply to the comment left by AP at 06/05/2023 - 08:08
Correct I have answered these before so could be misleading and taken it out of body text.... Read More
8:08 AM, 8th April 2023, About A year ago
Reply to the comment left by Shakeel Ahmad at 08/04/2023 - 06:48
Contact can be made through membership profiles if the member has the contact form set up.... Read More
7:39 AM, 25th February 2023, About A year ago
Reply to the comment left by Gone Fishing at 24/02/2023 - 16:51
Amended without making the first sentence an overly long explanation of section 24 which is explained hundreds of times already on P118... Read More
8:56 AM, 21st February 2023, About A year ago
Reply to the comment left by SimonP at 21/02/2023 - 07:56
Hi Simon,
Please see Landlord Sales Agency >> https://www.property118.com/attention-all-landlords-are-you-tired-of-managing-rental-properties-and-the-hassle/
Are you ready to sell your investment and move on to other opportunities? If so, we have the solution for you.
We are a team of real estate professionals, dedicated to helping landlords sell their properties quickly and efficiently. We understand the unique challenges that come with selling rental properties, and we have the expertise to make the process as smooth and stress-free as possible:
We have a powerful database of over 30,000 private buyers and portfolio buying companies who want to buy whole portfolios straight away, and who are alerted every time we have a portfolio to sell
Because we focus on a quality fast sale, rather than a cheap fast sale, we ensure that our buy-to-let portfolios are sold not just fast, in less than 28 days, for a financially savvy 85% of the value (in some cases even higher) – which makes sense when we handle every single part of the sale for you, including liaising with all tenants, ensuring all certificates and licenses are in place, and allowing you to simply make the call to us then sit back and relax knowing we’re on it to get the whole portfolio sold before the market drops
We’re a company created by landlords for landlords, so we now exactly what you need to do to overcome all the hurdles and release you from financial stress, including rising taxes, interest rates and bills
There’s no one like us out there, and we’ve built up an unbeatable record for helping landlords which is why we’re the number one go-to company for our partners, including Property118
With our proven marketing strategies and extensive network of potential buyers, we can help you get the best return on your investment. Whether you’re looking to sell a single property or a portfolio of properties, we have the skills and experience to make it happen.... Read More
14:42 PM, 20th February 2023, About A year ago
Reply to the comment left by Rebecca Anelay at 19/02/2023 - 14:38
Dear Rebecca,
Please see our main Tax Planning page and Download our Ultimate Guide >> https://www.property118.com/tax/
I would then strongly recommend you book a consultation with Property118... Read More
9:28 AM, 15th February 2023, About A year ago
On behalf of BB:
"Many thanks to Martin, Simon, David and those others for replying with your advice, opinion and kind words of support, I am very grateful.
Sorry I got my dates wrong, actually the tenant has been there for just 3 years, NOT four as I said. It was fully renovated in June 2018, so not 5 years ( have receipts to prove). The tenant has wallpapered over the walls, which will be more time consuming to remove, at a cost to me in additional labour. As I am employing some one.
She is ignoring my messages and calls to arrange the keys to be handed over on the date agreed as her departure.
I also would be curious to know of my legal position with "Implied Contract", so if any Legal Eagles out there wish to respond, or even Mark? Given the tenant received, read, signed and returned the new AST in September, (though it never arrived), would this therefore be seen as an "implied" agreement? So too she increased her rent in line with the new contract therefore accepting the new terms.
So in the absence of any other legal contract, would I be able to enforce "implied in law" ?
Thanks again,
BB"... Read More