Dec
29

New form for suspended possession orders

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A new court form is available for use when tenants have breached the terms of their suspended possession order. The form was published as a result of the Court of Appeal’s decision in Cardiff City Council v Lee. Prior to this case, it was understood that when a tenant breached the terms of their possession […]

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Dec
29

Has anyone taken another landlord to court for loss of rent due to their tenant?

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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. Shouting, fighting, motor bikes and… Read more

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Dec
29

Lodger jailed for murdering his landlord

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A lodger who lived with his Worthing landlord and killed him in August this year has been jailed for life. This case highlights the importance of checking out (screening) tenants very carefully and especially in the case of lodgers who will be sharing the landlord’s own home. In August last police officers were called to […]

LandlordZONE.

View Full Article: Lodger jailed for murdering his landlord

Dec
28

PRA, DSCR, FCA, HMO, SPV, SIC Code, ATED – What BTL landlords need to know for 2017

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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.

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Dec
28

Stupid stupid Banking systems!

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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

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Dec
28

Mortgage to buy an SPV Ltd Company and property it sits in?

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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.

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Dec
28

Rent Arrears could worsen next year…

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Rent Arrears: Christmas time is expensive and the New Year not only brings tight budgets, it’s also a prime time for family break-ups and relationship problems, so rent payment is often the casualty. What’s more, this year landlords are under more pressure from property tax rises, so rents are likely to climb. A recent Rent […]

LandlordZONE.

View Full Article: Rent Arrears could worsen next year…

Dec
27

Hybrid Tax Structure For Landlords

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I recently came across an organisation who are charging £600 to attend a seminar to learn about the hybrid tax structure for landlords, £2,700 for one to one consultations, then £15,000 for implementation and a further £250 a year! I was so disgusted with their profiteering and promotion of this structure, and their obvious total… Read more

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Dec
27

LANDLORDS – Section 24 Tax Is Optional

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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

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Dec
27

RLA members raise over £2,200 for charities

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Since introducing Gone for Good to our members earlier this year, they have donated goods worth over £2,200 to charity via the app. That’s a fantastic achievement which has helped several charities and families in need. The Gone for Good app matches landlords with local charities who actively want to receive particular items and will […]

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