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While the public’s image of a typical landlord might be a money-grabbing property professional, the reality is different. Office admin roles, alongside jobs in IT, teaching and accountancy are the four most common occupations for landlords, according to new research. Two thirds of landlords have what many would class as ‘normal’ jobs, and rent out property to supplement their main income, the study by online letting agent MakeUrMove has revealed. A mere 5% of landlords ar

Contradictory information online regarding the new space standards that apply from 1 October in relation to non licenced hmo's. Specifically does the minimum bedroom size of 6.5 sqm apply to a three bedroom property occupied by three non related sharers. In planning terms a HMO is defined by three non related sharers and often confused with 5 sharers/3 stories, soon to apply to 2 story, the articles posted appear to assume the space standard applies to licenced HMO's only Wi

I am having to update you as I hope those very helpful comments and advice in my last post on this same issue, from all those great people that helped before. So my apologies I m sorry to wheel out this old post of mine from 3-4 months ago. >> What costs for damage and repairs can I claim? Well finally six months after departure and the employment of a solicitor the tenant agreed to take the disputed deposit claim to Arbitration. But as our good friends Purplebricks were

I would like to transfer my 50% interest in a mortgaged BTL to my spouse who already owns the other 50% as tenant in common. We also own the family home. No CGT on transfer between spouses - so that is not an issue Transfer would be by declaration of trust without changing the Land Registry entries. I read in the Finance Act 2018, Schedule 11, Para 9A that: "(1) A chargeable transaction is not a higher rates transaction for the purposes of paragraph 1 if— (a) there i

Moneyfacts UK Savings Trends Treasury Report data (not yet published) highlights the savings market’s continued recovery, with all average rates increasing for the first time since February 2011. Charlotte Nelson, Finance Expert at Moneyfacts, said: “Many would have assumed that in the lead-up to a base rate rise...

A new analysis of the BTL market by Shawbrook Bank forecasts a continued dampening of the sector over the next three years, before the market stabilises in 2021 and returns to growth in the following two years. The ‘UK Buy to Let’ report...

I must admit I never knew of such a thing as ‘Central Funds’. Perhaps P118 readers could shed some light on what it is and why we have it. My company was issued an Abatement Notice for fly-tipped rubbish on a piece of land (read: separated off-road parking space) that I do not own....

A month ago, one of my tenants in an HMO barricaded himself into his room and started a fire. He was rescued by the fire brigade, and although initially pleading mental health issues, has now been charged with arson and is on remand....