UK Property Forum for Buy to Let Landlords

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

Minimising Inheritance Tax Liability

Minimising Inheritance Tax Liability

My wife and I have in addition to our own property three rental properties, owned outright as tenants in common. We wish to minimise our IHT liability for our two children. We have been advised that if we give them half of the properties as tenants in common (i.e. a four way split) and do… Read more

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How to determine if Purpose Built or Conversion?

15/09/2014

I’m trying to purchase a property that is a circa 1910 built share of freehold, 900 year lease, maisonette. The valuer sent by the mortgage company has indicated that it appears as a purpose built but has asked the solicitor to confirm because if not and it’s a conversion then we need to check building… Read more

PPR Calculation

PPR Calculation

This came up while on holiday with friends who are considering selling a rented property. They and others were convinced they did not have to pay CGT if they had owned it for 10+ years, until I poured cold water on that notion. However, I was not entirely clear about the actual rules and calculations. … Read more

EU citizens entitlement to Housing Benefit

EU citizens entitlement to Housing Benefit

One of my properties in a dodgy area has now got what the letting agents tell me is a excellent tenant, a Polish single mum in her twenties, who is looking after the property very well. She has just had her Housing Benefit stopped because of changes in entitlement of EU citizens. She has lived… Read more

External Wall Insulation

External Wall Insulation Problem – Who’s Fault?

I have recently had external wall insulation installed to a number of my rental properties.  My problem concerns one property – a mid terrace converted into 2 – one bed flats. The survey and assessment recommended external or internal wall insulation, I had external wall insulation installed. Recently the owner of the property at the… Read more

Close relatives as tenants

Close relatives as tenants

This is very probably a naive question but could someone please tell me the pros and cons of giving an AST in a BTL to a close relative and their family? Thanks in advance Denise Doms

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