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About Readers Questions
It's usually far more effective to learn from other people experiences than is it to learn from your own mistakes. "Readers Questions" are some of the best read articles on Property118.com. If you would like to seek the opinions of other landlords and letting agents why not submit a Readers Questions article of your own. We will not reveal your identity if you don't want us to. Any guidance offered by Property118 members is obviously done so in good faith and at no cost. It must not be construed as professional advice, even if the person offering the guidance is professionally qualified. It's good to know that you are not alone though and a bit of guidance can often be useful. No question is a silly question. If a question has been answered before we will let you know and point you to a link. We may ask you to post your question on another thread if it's been well commented on previously by people in similar situations or we may set up a brand new thread and bring it to our readers attention by including a link in our Newsletter. It needn't cost you a penny either :) Please see the form below. [gravityform id="120" name="Submit an Article or Discussion "] If you can't see the form please CLICK HERE


residential mortgage

Why is rental income no good for residential mortgages?

17/04/2014

Can one of your many learned members explain to me why rental income can’t be used to get a mortgage on my main residence? Over the past few years I’ve reduced my other business to build up the rental side of things. Hubby is on a reasonable wage for working 3 days a week but… Read more

I want my tenancy to remain periodic but

I want my tenancy to remain periodic but …

16/04/2014

I’ve received a letter from my letting agency (not going to name them) saying that the guidelines and regulations have changed regarding my tenancy going to periodic.  I pay monthly so does not seem to make sense to me. Then it goes on to say I might, in the next few months, have to sign… Read more

Questions from a property speculator

Questions from a property speculator

15/04/2014

I see myself as being more of a property speculator than a property investor or a landlord. I would very much appreciate your views on my considerations and deliberations.  I have seen some very nice leasehold flats which I can buy new build, fully furnished for £183,000 each. This represents quite a significant discount on… Read more

Do men or women make the best landlords

Do men or women make the best landlords?

Having typed this question into Google I couldn’t find the answer so I thought I’d start a thread here. Maybe I should have called it “battle of the sexes” but I doubt that would rank highly in search results if others have a similar question. So do men or women make the best landlords and… Read more

Rent to Buy.... good or bad

Rent to Buy…. good or bad?

I am trying to sell a rental property and have been approached by someone offering me full market value with a ‘delay’ in purchasing/completion. Meanwhile they will cover all mortgage and insurance payments until completion. I am sceptical…should I be? Thanks Maria

Adding a family member to Title Deeds

Adding a family member to Title Deeds

12/04/2014

If I want to add my daughter to the deeds of my BTL properties. Can I do so without informing the mortgage lender first?  When I inform them will the lender ask me to pay them an admin fee or require me to do a new mortgage application? What would happen if I added her… Read more

Reducing CGT by getting married

Reducing CGT by getting married

11/04/2014

Hi there, I have a B2L property that I bought 9 years ago for £250k and I’ve rented it out from day one. I have never lived there so I cant claim PPR or lettings relief.  I’ve now got a buyer for the property at £325k so even after I deduct £10k buying and selling… Read more

Ground Rent increases

Ground Rent increases – Are they a big risk?

10/04/2014

Hi We are in the process of buying a brand new property with Redrow. Looking into the conditions of the lease it has been specified that the Ground Rent will start at £400 per year increasing to double at year 10 and consecutively doubling every 10 years for 5 consecutive times.  We are a bit… Read more

Selling a property -help remove tenant  and getting rent paid

Selling a property -help remove tenant and getting rent paid

09/04/2014

Hello All, I am hoping to tap into your wealth of experience here. I am helping a physically ill person sell a property. The tenant has stopped paying rent and refuses to move out, even though exchange of contracts is very close.  The tenants panicked when the mortgage lender instructed Court bailiffs to evict them… Read more

Restricted occupation rent reduction

Restricted occupation rent reduction

08/04/2014

I am very new to this. I am negotiating a rent review and my tenants agent says that as the occupation of the flat above the shop is restricted to the shop trader there is a convention in such circumstances that the rent attributable to this part of the accommodation under the principle lease should… Read more

Tenant only gave 5 days notice

Tenant only gave 5 days notice

I have just had my tenants move out of the property during a 2 month section 21 notice I served on them. It was due to expire on 3rd June. The tenancy ended on 3rd April, but they contacted me only 5 days before they decided to move out saying they would be going on… Read more

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