13:04 PM, 18th June 2021, About 22 hours ago|
Solutions for landlords with a Section 24 tax problem. First though, let's take a look at what Section 24 tax is and why it's so unfair. The following Case Study explains why so many property rental business owners are considering incorporation, by comparing the tax position of a private landlord vs that of a private hotelier. Let’s assume that both businesses own assets worth £2,000,000 and have 75% LTV mortgages secured on them at an interest rate of 5%. In other words,
11:41 AM, 18th June 2021, About 24 hours ago|
I have held the lease on my first floor flat for the past 21 years, extending it in 2013. The Freeholder owns and lets out the ground floor flat. I have struggled with the Freeholders approach to managing my Lease. Standing charges include a peppercorn rent, £100 paid toward the Maintenance Fund and 50% of the building Insurance. The 'accounts' are a joke and I often have to correct them, the Management Fund is supposed to be kept in a separate account and any interest added. Int
13:21 PM, 17th June 2021, About 2 days ago|
Hello, I have completed on the purchase of a property with the existing tenants still resident. Their first year is up next month, and they signed another 1 year AST some months back (they are students). Should l ask them to sign a new contract as the old one is in the past owner's name (l have copies) or are they valid? Obviously, they know that the account details have changed. Many th
16:30 PM, 16th June 2021, About 3 days ago|
16:20 PM, 16th June 2021, About 3 days ago|
15:54 PM, 16th June 2021, About 3 days ago|
An HMO licence application was submitted on 29th May 2020 on behalf of our landlord client and the 1st instalment of the licencing fee – £750 was paid. On 5th January 2021, the tenants surrendered their tenancy and returned keys....
10:45 AM, 15th June 2021, About 4 days ago|
A few days before the 1st June 2021 in preparation for S21 notice, I rang the NRLA regarding Form 6A and the new 4 months’ notice. I downloaded the form as per their advice from the govt web site. Filled it in ready with all relevant paperwork and I served the notice very early in the morning of 1 June...
10:39 AM, 15th June 2021, About 4 days ago|
My tenant friend and work colleague fell and died on his Landlord’s Stairs. This is the letter that I propose sending to the local council. “During the Christmas week of 2020, T fell down the exterior iron stairs at Flat 35b **********...
10:20 AM, 15th June 2021, About 4 days ago|
There now appears to be issues in getting buildings cover for Buy to Lets in the UK for non-UK residents now. Does anyone of you know how to arrange this cover? One of the properties in question is classed as 6 bedroomed as it has a separate one bedroomed annex and some companies won’t cover this size...
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