Digital tax plans ‘rushed’ says RLA
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Plans to digitise the way in which landlords pay tax are being rushed through without proper consideration says the Residential Landlords Association. The Government is overhauling the way the tax system operates and from 2018 most businesses, the self-employed and landlords will need to use software or apps to keep their business records, updating HMRC […]
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New house mate for existing tenant – Can he be added to AST?
I have a tenant who at the moment is living alone in my 3 bedroom house. In order to relieve the strain on his finances, he would like a friend to share the house and the bills with him. I do not object in principle, but do not want to start a new tenancy agreement… Read more
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Insurance company paying rent – do I need a rent guarantee?
I am about to rent out a flat to a couple who need accommodation due to their own home having been damaged by fire. The rent has been agreed and an AST for 12 months (6 month break) is about to be signed. I have been informed that the insurance company will actually be paying… Read more
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Tiny Portfolio – Any advice for accidental landlord
I am a landlord by default. My mother had a stroke in 2011 and needed full time care so I quit my job and moved from Northumberland back to Norfolk with my husband. We let out our house as had no time to sell it. Five years on, as we both have no decent pension… Read more
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London Assembly wants powers to tackle landlords
The London Assembly is seeking devolved powers to enable it to “improve standards of private rented accommodation.” At a meeting last week the Assembly voted for a motion which will put pressure on London mayor Sadiq Khan to prioritise the need for powers over the private rented sector in his devolution negotiations with the government. […]
… LandlordZONE.
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Generation Rent – Ditsy Dillner, Queen of Self-Contradiction
We have given Betsy Dillner, the Director of Generation Rent the nickname “Ditsy Dilner” after having contradicted herself so many times. In ‘How to change the housing crisis: build relationships’ Betsy Dillner says: “the PRS has more than doubled in the last 10 years, to 11 million households across the UK.” She claims “We as a society… Read more
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James Fraser BBC Radio London Drivetime Interview
Eddie Nester, the BBC interviewer was incredibly well briefed on the Generation Rent Campaign and the Governments justification for the tax changes on mortgage interest relief being phased in from April 2017. But how well do you think James Fraser, a key member of the Property118 Campaign team did, especially considering he was always on… Read more
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Section 24: What has it forced you to do?
I have created a thread for Property118 landlords to explain the decisions and changes they have made thus far as a direct consequence of Section 24 of The Finance (No. 2) Act 2015 which changes the rules on mortgage interest relief for private landlords from April 2017 onward. The intention is that posts made here can… Read more
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No age limit property finance on Keystone Ltd Co and Joint applications
“The aim of accepting landlords over the age of 85 years within a joint mortgage application will allow many of our older borrowers to continue to leverage their portfolios”, said David Whittaker CEO of Keystone. Keystone Property Finance has removed the age criteria on its Classic range of mortgage products for joint applicants and for… Read more
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Expat thinking of changing things up?
I am in the process of selling my sole property in the UK, (which I have been letting for 10 years), and plan to buy 2 flats instead. My agent has priced the house at £325,000 and suggests 2 properties at around £160,000 each. There is £45,000 left to pay on my repayment mortgage, therefore… Read more
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