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accountants

Accountant appears to have let me down?

25/07/2014

I have just received back my accounts from who I thought was a very good Chartered Accountant . I have been looking for ways to reduce my tax bill and came across Property118 advising ways to reduce liability. One of the ways was to distribute some of the rental profits around the family using your… Read more

Garden Plans

Odd shaped garden – not sure if I should invest?

I  would like some advice on purchasing a house with odd shaped garden, for Buy to Let purposes. The house is perfectly placed, in  good condition, but the garden is sort of “V” shaped, just 7 feet at the back. Open Garden area is still available overall around 25-30 feet. The area is in demand… Read more

Section 21

Section 21 update – Spencer v Taylor

As reported by Nearly Legal concerning section 21 rules the tenant in Spencer v Taylor has been refused permission to appeal in the Supreme Court, because of the lack of an arguable point of law. Therefore the Court of Appeal decision stands: “Where an assured Shorthold tenancy has had a fixed term and a statutory… Read more

Home

Prospective Tenants not happy for visit – Should this ring alarm bells?

24/07/2014

We have a nice big modern rental property and from taking on board a thread on here I asked my agent to ask my new prospective tenants if I could visit them in their home. My agent was absolutely shocked and said this had never happened before but would ask the ‘tenant’. She got back… Read more

possession

COUNTY COURT – The request for a Possession Order is premature?

I am a landlord that has applied to the local county court for possession of my property. My tenant has received a letter :- “The request for a Possession Order is premature, being only 4 days after issue and the same day as deemed service” What should I do now as a landlord Thanks Jaz

100xnla

Green Deal fund reduced – Not good for Landlords

23/07/2014

Commenting on the reduction of Green Deal Home Improvement Funds (GDHIF) for solid wall insulation from £6000 to £4000, Richard Lambert, CEO at the National Landlords Association (NLA), said: “Just as the Green Deal looks like it will finally succeed, the Government seems determined to sabotage its own policy. “The NLA made a strong case… Read more

end

The End Game

I am keen to hear more experienced Landlords view on their exit strategy’s. The reason I am thinking about this now is that it is time to refinance a couple of HMO property’s that I purchased with cash (property’s were not mortgageable). I am now 41 so have plenty of years left to obtain mortgages… Read more

Big

Buy to let portfolio – help me see the bigger picture

I have just cleaned up my act, paid my debts and now got 2 jobs earning avg £2500 a month and living with my mum! Now – I want to get into property development. Build my own buy to let portfolio! I can only save £10, 000 a year. looking at the figures, in order… Read more

Legionella

Legionella testing on a single private dwelling – really?

22/07/2014

I rent out a property which belonged to my mother before she died. It is a 3 bed semi with an enclosed (multi-point) central heating system. My agent insists I have a Legionella report done on the property. Do I really need one, they have threatened to terminate my contract if I don’t have it… Read more

money

Tenant demanding 2 months rent back plus deposit

21/07/2014

So back in 2011 I use to take 2 months rent in advance and no official deposit. With this particular tenant this is what I did. 6 months passed and I renewed the tenancy with a new 6month AST. By this time I had realised that I should be properly registering a deposit and keeping… Read more

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