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Am taking the correct steps

Am I taking the correct steps?

19/09/2014

We have 2 properties on joint mortgage. One of them is Residential mortgage (Property A) and other on Buy-to Let (Property B). We were out of the country between August 2010-April 2013. During this period, I was renting out both the properties without changing the mortgages. We moved back to UK last year in April… Read more

Flat rent moving in today

Flat rent moving in today

Can someone give me some urgent advice?   My son and his two friends are moving into a shared flat today on an assured short hold tenancy basis. It is 3 bedroomed and two of the bedrooms are absolutely fine. The third however, has one completely wet to touch wall and mould – where does… Read more

A one day workshop for Property118 members

A one day workshop for Property118 members

Hazel de Kloe is a highly respected UK Property Mentor and Coach, the only one I have ever approved as a Property118 sponsor. She has been building her portfolio since 2001 and has worked with over 150 personal clients over the last 6 years to build reliable and profitable property businesses.  Hazel is known for her… Read more

Life changing property career decision

Life changing property career decision

I’m at the point of making a life changing decision, for the past 5 years I have managed to live quite comfortably off the rental income from a portfolio of 12 properties. I was fortunate enough to take out lifetime tracker mortgages and have benefited greatly from the exceptionally low Bank of England base rate…. Read more

Return Letters - Tenant Information

Return Letters – Tenant Information

After a year long battle, I have recently evicted a tenant and am in the process of repairing the damage to the property by the previous tenant in order to re-let. There are a number of letters still being received at the property addressed to the previous tenant which give a strong indication of possibly… Read more

Landlords Answering Service

Landlords Answering Service?

I am thinking of using an answering service for my property business.  Someone gave me this advice for a variety of reasons such as giving a professional image, never missing a phone call and screening calls. I have done some research and come up with quite a number of options. I believe there are people on… Read more

Not made aware HMO licence required

Not made aware HMO licence required

17/09/2014

My previous letting agent did not make me aware I needed an HMO licence on a property which they subsequently rented to 3 people.  It has now been picked up by the new agent and I have applied for a HMO. Am I liable to prosecution? Thanks Gary

HMRC can't decide if I should register as a Self Employed landlord!

HMRC can’t decide if I should register as a Self Employed landlord!

I manage the residential letting of 7 properties which I jointly own with my wife and/or brother and/or sister and HMRC can’t decide if I should register as a Self Employed landlord. Currently, I am not registered as Self Employed and normally complete the Property section of my Self Assessment tax return. However, as tax… Read more

Break Clause in Tenancy Agreement

Break Clause in Tenancy Agreement

I use an agent for one of my properties who has now inserted a “break clause” in the standard 12-month AST. The wording is the same for the Landlord as it is for the tenant. This clause appears to me to effectively make it a 6 month AST.  Is this a standard break clause? Do… Read more

Local Residents Discriminating Against Student Development

Local Residents Discriminating Against Student Development

We are a small property development partnership that mainly buy houses, do them up and either sell or rent them out. For our first major development project we recently bought a plot of land near the city centre which is predominately a student area being so close to the university.  We applied for planning application… Read more

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