The Governor of the Bank of England, Mark Carney, has just announced that £250 billion will be made available to the banking system to support liquidity and lending to UK business and households.
The...
Foundation Home Loans will increase its rental cover requirements to 145% for individual applications, but leave limited company products at 125%.
Simon Bayley, commercial director, said: “There is no...
The Bank of England have released their latest Inflation Report and have revised future predicted interest rates down based on reduced growth and inflationary pressure.
This is being partially blamed by...
New lender, Foundation Home Loans, has launched into the Buy to Let market specialising in criteria for investing in the name of a Limited Company post clause 24.
This niche will in particular allow new...
Shawbrook Bank are now one of the most popular niche lenders in the property investment market with BTL, refurb, HMO, Bridging and Bridging to BTL products. They are one of the few that will consider loans...
Figures from the Bank of England’s latest inflation report shows a benign environment for any pressure on interest rates. Domestic growth has slowed along with wage inflation and price inflation.
Aldermore have reduced their 5 year fixed Buy to Let rate to 3.99% for single residential units in the name of individuals or limited companies up to a maximum of 80% Loan to Value.
Aldermore do not credit...
Shawbrook Bank are one of the most flexible lenders for property investors with real underwriters that will look at individual cases and a whole range of criteria and products from standard BTL to Refurbs...
In the turn of the year speech today Mark Carney, the Governor of the Bank of England, said “last summer I said that the decision as to when to start raising Bank Rate would likely come into sharper...
Precise Mortgages have today launched a new flexible criteria for landlords looking to finance their portfolios into retirement with a maximum age of 110.
The maximum age at the point of application is...
Yesterday Janet Yellen, the Chair of the Board of Governors of the Federal Reserve System, announced that the US interest rate will increase by 0.25%. This is the first increase since 2006 and since 2008...
In an interview with the Financial Times yesterday defending ‘Forward Guidance’ Mark Carney, The Governor of the Bank of England, expressed concerns if Buy to Let investors were to all sell...
Yesterday the Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 8-1 to maintain Bank Rate at 0.5%.
The MPC also voted unanimously to maintain the stock of purchased assets financed...
It was announced in the Financial Stability Report (see below) that the Prudential Regulation Authority (PRA) will review the underwriting standards and procedures of Buy to Let lenders.
The Chancellor...
Barclays, and its mortgage arm Woolwich, are one of the first high street lenders to take action after the announcement in the Summer Budget that there will be a gradual tapering down of tax relief for...
The Chancellor George Osborne in his spending review today announced that he will increase Stamp duty for Buy to Let properties and second homes with a surcharge of 3% from April 2016.
The Chancellor said...
If you have a problem BTL and no one else can help maybe you should hire the A team – Sorry I meant try Fleet Mortgages.
Fleet mortgages have a range of niche criteria that may assist when other...
A new range of Buy to Let mortgages have been launched by Santander with the headline rate starting at 2.29%. The products range around a core of 2 and 5 year Fixed rate mortgages and 2 year Trackers.
Shawbrook have announced the decision to re-price the “Large Loan” products with a 0.50% decrease across the board.
Large Loans on residential and commercial investments start at £750,000...
These remarks were given by Mark Carney, Governor of the Bank of England, at the Economic Policy Symposium hosted by the Federal Reserve Bank of Kansas City.
Recent developments in China can be assessed...
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 A day 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 10 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