Property118.com News Team

Government may look to ban Gazumping

Government may look to ban Gazumping...

Around 200,000 or 18% of house purchase transactions fall through every year with the Telegraph reporting that the Department for Business Innovation and Skills have been in talks with the National Association...

Zoopla figures show property prices being more heavily discounted

Zoopla figures show property prices being more heavily discounted...

New figures from Zoopla show that the average discount on asking price for property has increased to £25,265 (up £4,000 on January) and that 29% of all properties on the website have had their asking...

Bank base rate cut possible?

Bank base rate cut possible?

Amid what looks likely to be slowing growth figures for April, the Bank of England is predicted in the inflation report due this week to produce its most detailed analysis on the risks of Brexit and the...

Over 50% of target achieved in just 6 days

Over 50% of target achieved in just 6 days...

A second round of shares in LettingSupermarket.com went live to members of the Seedrs Crowdfunding Platform just six days ago and has already achieved over 50% of the target fund raising level. Interest...

Share offer has gone live to the general public

Share offer has gone live to the general public...

The share offer in LettingSupermarket.com has gone live to the general public via the Seedrs crowdfunding website. Please Click Here The crowdfunded share offer was restricted to Property118 members...

We go to court tomorrow – wish us Luck! (West Brom Tracker Case)

We go to court tomorrow – wish us Luck! (West Brom Tracker...

This could be a historic day for all Buy to Let Landlords! The case of MARK ROBERT ALEXANDER (as representative of the “Property 118 Action Group”) Claimant – and – WEST BROMWICH...

Right to Rent rules may change

Right to Rent rules may change...

Right to Rent checks became a legal requirement for landlords to carry out on tenants from February this year. This controversial requirement has been seen by many landlords as an unnecessary extra responsibility...

Equifax report BTL sales down 26% in March

Equifax report BTL sales down 26% in March...

The Credit reference agency Equifax have reported that Buy to Let sales were down in March by £1.04billion which equates to 26.2% month on month. This is rather surprisingly despite the predicted last...

Manchester Building Society fights for survival

Manchester Building Society fights for survival...

In a report issued by Reuters Manchester Building Society is “fighting for survival”  The future of the mutual is thought to be in doubt after they wrote to customers warning them to keep...

Court of Appeal Date – West Brom Tracker Case

Court of Appeal Date – West Brom Tracker Case...

PRESS RELEASE Mark Smith of Cotswold Barristers has confirmed the date and time of the Court of Appeal hearing in the case of MARK ROBERT ALEXANDER (as representative of the “Property 118 Action...

Escalation of complaint to the BBC on reports about tax changes for landlords

Escalation of complaint to the BBC on reports about tax changes...

In reply to our complaint Click Here the BBC has sent this standard reply to everyone: “Thanks for getting in touch with us about BBC Business Correspondent Joe Lynam’s reports on changes for...

Mortgage Express – Are they looking to break mortgage contracts?

Mortgage Express – Are they looking to break mortgage contracts?

Mortgage Express have written to many landlords warning about a review of current interest rates and repayment types. The concern of readers is that Mortgage Express may be looking to break mortgage contracts...

New custodial scheme launched by mydeposits

New custodial scheme launched by mydeposits...

mydeposits is delighted to announce the launch of its new government-authorised custodial tenancy deposit protection service in England and Wales today (1 April 2016). The scheme also unveils a new-look...

Tenants now have the right to request energy improvements

Tenants now have the right to request energy improvements...

From 1st April 2016, tenants have the right to request consent from their landlords to make energy-saving improvements for the properties they rent. Landlords will not be able to refuse their consent...

Landlords purchasing in 13% of the country will pay stamp duty for the first time

Landlords purchasing in 13% of the country will pay stamp duty...

A report by Lendinvest indicated that out of 105 post code areas 14 had and average house price below £125,000. This will mean that with the 3% surcharge on Stamp Duty for second properties below this...

Most common uses for Bridging Finance

Most common uses for Bridging Finance...

Bridging Finance is often the fastest and most flexible way of raising capital and the most commonly used purposes can be split into 3 categories.  1. A property is unsuitable for mortgage purposes Renovation:...

Bank of England Buy to Let affordability rules update

Bank of England Buy to Let affordability rules update...

In an effort to stem the perceived risk of Buy to Let on the housing market, the Bank of England have imposed new guidelines on lenders to tighten underwriting standards that have slackened since the credit...

Tax neutrality abandoned in Budget states Professor Philip Booth

Tax neutrality abandoned in Budget states Professor Philip Booth...

Professor Philip Booth has spoken out against the Chancellor’s latest attack on landlords in the 16th March Budget. This is his statement: ‘The 2016 Budget was not a good Budget for tax neutrality.

Calling Landlords Agents and Tenants In Particular

Calling Landlords Agents and Tenants In Particular...

BBC Radio 4 current affairs programme “You and Yours” are planning on more coverage of Mr Osborne’s attack on the private rented sector and the effects of Clause 24 and the extra 3% SDLT. They urgently...

Paragon mortgages commission independent report by the LSE

Paragon mortgages commission independent report by the LSE...

Paragon Mortgages, one of the original lenders to help develop the Buy to Let market, has requested the Chancellor halt any further financial attacks to discourage Buy to let landlords ahead of tomorrows...

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Thursday 14th July 2011

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