UK Property Forum for Buy to Let Landlords

Flat lease terms - Help

Flat lease terms – Help!

01/08/2014

Hi, I’m about to step onto the BTL ladder and would like some advice…  I’m buying a 2 bed flat which was being sold with a 99yr lease. We have since been informed that the lease term is in fact only 64 yrs! The vendor initially said he couldn’t extend the lease due to not… Read more

Lease option calculations

Lease option calculations

Hi all, can you please help me? I’ve a friend that is now a distressed landlord. I drew up a lease option to purchase the house but I’m having trouble with the calculations. I only have £6K to put down and I realise If I paid that in full I would have nothing for contingencies…. Read more

CGT Transferring Assets during Year of Separation HMRC Helpsheet 281

CGT Transferring Assets during Year of Separation HMRC Helpsheet 281

31/07/2014

Has anyone utilised or had any experience with transferring assets within the year of separation to avoid CGT? I have read the HMRC helpsheet and it seems fairly ambiguous!  Thanks Elouise

First big investment decision - low risk or higher risk

First big investment decision – low risk or higher risk?

I have a tricky property decision to make and would very much appreciate some advice. I have a central London flat, unencumbered by any mortgage, currently valued at £675,000. My husband and I currently have 1 salary of £50,000, and hope to have 2 salaries at about this level soon. We are looking to buy… Read more

Get Selective Licensing Heard by Select Committe

Get Selective Licensing Heard by Select Committe

16/07/2014

More and more local authorities are introducing selective licensing (SL), claiming a correlation with anti social behaviour (ASB) and/or low rental demand – these are currently the only reasons that councils are allowed to use to introduce selective licensing. The Local Government Association (LGA) are simultaneously campaigning for the right for local authorities to be… Read more

Evicting tenants just to break a contract with a letting agent

Evicting tenants just to break a contract with a letting agent

I was talking to Tony Sheldon at LettingSupermarket.com this morning about the increasing number of landlords who are being forced into evicting perfect tenants as the only way to get out of a contract they have with their letting agents.  Tony explained that he has conversations with landlords on a daily basis who are so… Read more

I am just about to serve section 21 notice

I am just about to serve a section 21

15/07/2014

I am just about to serve a section 21 on my tenants who have gone from an AST, to a periodic tenancy. I changed the dates of payment for rent to the 1st day of each month; this was to give the tenants some breathing space with regards payment of rent. After giving them three… Read more

Inadvertant Buy to Let

Inadvertent buy-to-let

14/07/2014

I’ve just bought a new property which we would like to make our personal residence but in the interim requires a large amount of work. As a result we are living elsewhere whilst the works are carried out.   During the works it is likely that we will rent out a portion of the house,… Read more

Flying the flag for Scotland

Smoke & heat detectors legislation for landlords in Scotland

I have just been told that heat detectors are now a requirement in rental properties in Scotland and that smoke detectors are required in more rooms now.  I have been unable to find any new legislation on this matter. Could someone please advise me on the legality of this and where to find the said… Read more

Property Repair - while awaiting eviction

Property Repair – while awaiting eviction

After almost a year, I finally obtained a possession order, with the agreement of the tenant, that they will move out and hand the property back to me on 11th August. the property will require redecorating, and some minor repairs before the next tenant moves in. However, I do not expect the tenant to move… Read more

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