UK Property Forum for Buy to Let Landlords

Letting agents behaviour

Letting agents behaviour!

29/09/2014

I am currently letting a 3 bed property to 2 reliable tenants. I wanted to cancel my contract with the letting agent as I recently relocated back to UK after being away for 12 years. They tell me due to the tenants having been found from their agency, I cannot cancel the contract until after… Read more

Living back with my mother...

Living back with my mother…

I’m thinking of entertaining the idea of getting my first BTL.  I’m mortgage free at my present home so by moving in with mother and renting my property this would give me a small income of around £450 / £475 a month. I want to get a 3 bedroom property and rent 2 of rooms… Read more

Planning Appeal - Parking

Planning Appeal – Parking

I have submitted a Planning Application to turn the basement of a 3 storey house into a self-contained flat.  Many others in the street have done so without any provision for extra Parking. The application has been approved subject to a condition under Policy AW5 that I create a hard-standing parking provision in the rear… Read more

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West Brom Building Society up to it’s old tricks again!

Has anyone else heard about a group of small companies that are preparing a legal battle against West Brom for wrongly raising interest rates in the aftermath of the credit crunch? It would appear they cited “a market disruption clause” as the reason to lift rates that should have tracked the LIBOR rate. Their solicitors… Read more

Licensing Consultation in Southwark

Licensing Consultation in Southwark

Southwark Council have just published their proposals for additional and selective licensing. The consultation papers and response form can be found at http://www.southwark.gov.uk/talkrent. The proposal is for a scheme that is not generic in nature but focuses on the problems with the PRS market in Southwark. It is intended to be easy for landlords to… Read more

TV Documentary Research

TV Documentary Research

I have been contacted by freelance TV Research Journalist Ryan Ramgobin who is working with a TV production company called Films of Record. They claim to have been established for over thirty years and make human-interest documentaries such as BBC2′s Great Ormond Street series.  Ryan is currently researching the problems landlords face and would like… Read more

Subletting fees likely to be outlawed

Subletting fees likely to be outlawed

The Leasehold Knowledge Partnership “LKP” recently reported that the Law Commission is going to examine subletting fees charged by freeholders and their managers and speculation is rife that they will be outlawed for good. LKP have advised anyone selling or renting out a flat should keep all documentation with a view to making a claim… Read more

Prosecuting Rogue Agents

Prosecuting Rogue Agents

28/09/2014

There is a solution, however, civil litigation or involving the Police is highly unlikely to to provide it.  If a rogue agent has shut up shop after plundering funds owed to clients then you could be throwing good money after bad by instructing a solicitor, especially if the business was a Limited Company with no… Read more

Am I being taken for a fool

Am I being taken for a fool?

27/09/2014

I have 4 properties in my portfolio and I just try and to a good landlord and hope that my work reaps dividends later.  I should have completed a re-mortgage yesterday (Friday) on a refurbished property that is now let. Actually I have completed the re-mortgage, I just haven’t received my money from my solicitor…. Read more

Letting Agent goes bust

Letting Agent goes bust

Within the last 2 weeks another Letting Agent operating for approx 7 years has gone into receivership. Tenant deposits had not been protected, some landlords had not been paid for at least 7 months and apparently all the money has disappeared!!  They must have ‘managed’ over 200 properties, a fair amount of bond money and… Read more

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