Inside Property Website


Landlords Of The Future

July 2, 2018

What could renting look like in a decade’s time?  Shifts in attitude from government and the Bank of England have jolted landlords and investors into taking a step back and looking long into the future.  I speak regularly at events across London and in 2016 and 2017 I witnessed a fog of depression descend on many of my colleagues.   This was also reflected in the NLA’s index of landlord optimism in their lettings business plummeting to an all time low.  Worryingly still according to NLA research only 49% of landlords fully understand the implications [...]


Evicted For No Reason

April 8, 2018

The abolition of no fault eviction is back on the agenda.  According to a recent BBC Panaroma show ‘Evicted For No Reason,’ the Labour Party, spurred on by housing charities and the entrenched convictions of Jeremy Corbyn, wants to end the use of section 21. The programme presents three case studies of tenants facing no fault evictions.  Lauren McGlashan has fallen out with her landlord who subsequently served a section 21 notice.  She has two months to find a new home for her husband, retired mother and five children.  Julie Archer was offered [...]


Broken Housing Benefit System

November 7, 2017

We are seeing an increasing number of press reports about housing benefit where the landlord is cast as villain.  Today BBC London reported on a house that had been converted into an HMO housing five tenants on benefits. The tenants were receiving the one bed LHA rate and the story argued that the landlord was receiving housing benefit for five studio flats.  I’m not a great fan of converting houses into grim HMOs with lockable doors and austere communal areas and I don’t condone greedy profiteering.  I prefer to create comfortable homes [...]


Top Ten Tips For Success

October 29, 2017

Here are my latest top ten tips for running a successful property business which I presented recently at The Property Investor Show at Excel in London.
1. Get The Right Structure
Section 24 tax changes have made purchasing and letting property as an individual less profitable.  This is because you will be taxed on your turnover – tax relief on mortgage interest at 40% is being phased out over the next 4 years.  So it may be more tax efficient to buy using a limited company from now on, that way you will be able [...]


Too Many Levers

September 26, 2017

If you own four or more properties, brace yourself for the latest tranche of buy to let criteria being introduced by lenders as a result of Bank Of England regulation.  From 30 September 2017, the bank’s Prudential Regulation Authority (PRA) now defines you as a portfolio landlord and lenders must seek additional information from you such as your experience of the buy to let market, full portfolio of properties and outstanding mortgages, your assets, liabilities and tax liabilities, your business plan and cashflow predictions.
These requirements are in addition to minimum Income Coverage Ratio [...]