Property118 landlord overjoyed selling tenanted portfolio with National Residential for half a million in just 26 days

Half a million pounds from the comfort of your sofa in just under 26 days. For a Property118 landlord from Wandsworth that’s exactly how he celebrated his week.

If you’re a landlord, and you haven’t yet heard of us here at National Residential

The post Property118 landlord overjoyed selling tenanted portfolio with National Residential for half a million in just 26 days appeared first on Property118.

Tax Free Interest On Your Directors Loan

When lending to your company, you can now charge interest on Directors Loans, offset the interest as a company expense and pay no tax on receipt of the interest.

Your accountants might tell you this cannot be done

The post Tax Free Interest On Your Directors Loan appeared first on Property118.

Court N24 order opinions?

My freeholder/landlord took me to court for non-payment of Service Charge arrears, which I disputed. I was away on holiday when the court papers were delivered and judgement was issued (CCJ).

Upon return, I immediately paid the CCJ direct to the claimant on the understanding via his solicitor that should I have the judgement set aside he would refund the money in full.

The post Court N24 order opinions? appeared first on Property118.

Walsall Council wrongly Interpreting-Changing Housing law and fining Landlords

A landlord mate has sent me the below issues with Walsall Council and has asked for anyone’s help/experiences:

Have any of you had any trouble with the pilot EPC/MEES scheme that Walsall Council has undertaken.  In brief, they are issuing landlords with Compliance Notices with £5000 fines if you don’t comply. 

The post Walsall Council wrongly Interpreting-Changing Housing law and fining Landlords appeared first on Property118.

Rough sleeping has fallen 43% since 2018

The annual rough sleeping snapshot, which shows that rough sleeping has fallen 43% since the Prime Minister has come into office, has been welcomed by Housing Secretary Robert Jenrick as a milestone in the effort to end rough sleeping for good.

The post Rough sleeping has fallen 43% since 2018 appeared first on Property118.

Leak – Tenant delay reporting and made problem worse?

The tenant called in with a ‘slight leak in the bathroom ceiling’. He sends a photo and clearly no way this is just a few days old – he then backtracks and says he’s been away for a few days and comes home to it as it is (really –

The post Leak – Tenant delay reporting and made problem worse? appeared first on Property118.

“Severe Maladministration” Said the Housing Ombudsman to Council

Another disgraceful act of crime committed by another Local Authority that has powers given to them by the Government, but yet choose to do nothing. The Housing Ombudsmen criticises Woking Borough Council for “Severe Maladministration” in a case where an elderly resident is left without any heating or hot water for 3 years

The post “Severe Maladministration” Said the Housing Ombudsman to Council appeared first on Property118.

I have the misfortune of being taken to court by nightmare tenant in small HMO?

Hi all 118ters, I have had the misfortune of being taken to court by a nightmare tenant who rents a room in a small HMO. The tenant in themselves is not too bad but her boyfriend who has moved in with her (not in accordance with her tenancy agreement) is a foul-smelling weed head.

The post I have the misfortune of being taken to court by nightmare tenant in small HMO? appeared first on Property118.

EPC score is a moving target and a joke?

One of my property EPC scored 76 as C, 5 points away from band B, the EPC report listed the things to do to improve in order to gain certain points towards the EPC score. For example, in my case

The post EPC score is a moving target and a joke? appeared first on Property118.

Property Purchase in High Flood Risk Area?

Hi Everyone, I am currently in the process of purchasing a house as a buy to let investment. However, the environmental report has come back and indicated this property is in a high flood risk area.

I had a conversation with the vendor

The post Property Purchase in High Flood Risk Area? appeared first on Property118.

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