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Does buying BTL through a limited company make more sense for me

Does buying BTL through a limited company make more sense for me?

31/01/2015

For my main job (nothing to do with property) I work through my own limited company, taking around £8k in wages per year and £30k in dividends. This is just enough to keep me out of the higher tax bracket. Over a few years this has left me with enough money sitting in my company’s… Read more

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Prescribed information on Tenant Renewal

I have a tenant that stays in a room on a separate AST. Their contract comes to an end on 31st January 2015 and a signed contract for 1st Feb 2015 to 31st July 2015 was signed on 8th December 2014.  My question is when do I have to reissue the prescribed information to the… Read more

Man Hanging on a Scale While Another Man Fills Dish

Proposed £75 increase to possession claim court fee

30/01/2015

Following on from the announcement of increases to court fees for money claims, there are now plans afoot to increase the fee for a possession claim by £75.  Possession claim court fees last went up in April 2014. The fees introduced at that time are as follows for proceedings started in: • High Court –… Read more

Will there be less Solicitors in the future

Will there be fewer Solicitors in the future?

In most countries there are only lawyers, the phenomenon of Solicitors and Barristers is relatively unique to the UK.  From my personal perspective, solicitors are a bit like GP’s, i.e. they offer initial consultations and refer to specialists. However, with the deregulation of many aspects of law, solicitors now have to compete. A good example… Read more

Cutting out the middle man (Letting property without estate agents)

Cutting out the middle man (Letting property without estate agents)

I am a Landlord with a small portfolio of properties in London (mostly within Zone 2). I am using the services of various estate agents but after experiencing everything from bad tenants to having to do everything myself (despite signing up for a “management service”) – to put it bluntly, I feel ripped off, and… Read more

West Brom Tracker Judgement

Mark Robert Alexander vs West Bromwich Mortgage Company High Court Judgement

29/01/2015

Today was Judgement Day in the case of Mark Robert Alexander (me) vs the West Bromwich Mortgage Company. I was representing a group of 360 affected borrowers, who between them contributed nearly £500,000 to fund the legal action. I am extremely disappointed to report that we didn’t get the News we were so desperately hoping… Read more

freehold

How to sell Freehold for late brothers estate?

MY deceased brother’s estate has a Grade 2 listed property converted into 4 separate flats all mortgaged. There are no shared parts except the garden  and all flats have separate entries. We wish to start selling off the flats, but the only information we have is that the flat freehold was in my brothers building… Read more

late

Are late payment fees for rolling/expired tenancy still chargable?

28/01/2015

Are late payment charges as stated within an AST still applicable once an AST has expired and the tenant is still in situ and not paying rent/paying late..? Probably not worth seeking formal legal advise for such a small amount that I’m concerned with so I’d thought I’d see if anyone here had any pointers….. Read more

stuck

Help needed – I paid 6 months rent in advance

I’m feeling a bit desperate. I separated from my husband in December 2014. Due to the nature of our break up, I decided that I’d had enough and moved myself and my children to another county. It’s was perfect until last week, my mother had a massive stroke and is seriously ill. My nightmare now… Read more

unfair

How to ask agent to remove unfair rent review clause from 1year AST before signing

I’ve just been sent a 1 year Assured Short hold Tenancy to review before we sign and move in 2 days. It has a 6 month rent review clause that I think is unfair and not just because its every 6 months. What is the best way to ask the agent to remove it? They… Read more

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