Dear Janet This matter does seem to be dragging on for you which is clearly very unfortunate. It is clearly in your own interests to be reasonable, in terms of providing access and information, but I do wonder if your...
Dear Janet There are no hard and fast rules and each case will be different, but several weeks without hot water is not reasonable. You should permit your landlord and/or his chosen engineer to inspect the current system. You could...
Dear James I'm with the respondent who said "don't panic". I suspect that most of us property investors have had a wobble at times but, for most of us, we come out the other side. On average post war, UK...
Reply to the comment left by "Sam Addison" at "24/02/2017 - 11:54": Sam There is no restriction on running a limited company (or several) whilst also being a sole trader or member of a partnership. It is quite common. What...
Dear Clinton As to whether incorporation is suitable for you I suggest you get some sound advice from an accountant; it won't be for everyone and may not be straightforward. I incorporated a number of properties some years ago so...
Dear Pam# Gut instinct is worth a lot; if you smell hassle now then don't get involved. On a more positive note I took a new tenant in last year when she left her husband and she paid 6 months...
Hi Gill Any reputable agent should agree terms of business at the outset of any letting, management work which will include any notice period. They cannot unilaterally make changes to that agreement. Hopefully you will have a copy of what...
Dear Sunny I am sorry to hear of your situation. It is cases like this which lead to the industry having a bad name and the Government looking to bolster regulations. There should be no good reason why an agent...
Dear D I would have to agree with Thom; it is situations like this that give the sector a bad name and lead to increasing regulation. I fear that your issue with the mortgage is only the tip of your...
Dear D There is some conflict in the responses but you need to be very careful as to how you proceed. It is absolutely correct that you must tell your mortgage company; if they find out they will be far...
Dear Hugh At least you have something in writing and the good news is that it doesn't specifically permit the access to be used if the adjacent property is redeveloped. However, it does not deny use for redevelopment. I hope...
Hi Michael You will need to be in the non-resident landlord (NRL) scheme in order to make sure that your tenant or letting agent is able to pay you the rent gross. If you are not in the scheme then...
Dear Jacquie I am sorry to hear of the death of your agent (especially in light of my firm's clients' account manager passing away on Christmas Day). The first thing to do is make sure that the tenant deals with...
Dear Simon You pose an interesting question but the answer must be to do with what happens when things go wrong. I am not sure if you are talking about sales or lettings agents, but the same basic principles apply....
Dear Paul I am finding that the high street banks have little appetite for property development at the moment. You may find that a broker would serve you well in finding somebody to fund you; they will have the knowledge...
Good afternoon It is an interesting concept that landlords can miraculously increase rents to cover increasing costs of compliance and possible additional letting agents' fees. I am sure that in some areas it will not be that straightforward. Rents are...
I agree about rising rents and in many areas my firm deals with I have never seen the like of the increase now achievable. The point has been well made about keeping good tenants and I am sure that most...
Good morning Not a goo way to start the day with yet another swipe at the lettings industry. It beggars belief that the government (especially a blue one) has so little understanding as to how things work in this sector....
Dear Sarah I think you need to speak openly with your agent about your concerns. It is worrying that you think that the agent has cash flow problems and is using your rent effectively to run their business. This is...
Dear Mike This question comes up repeatedly and I can never resist adding my point of view. My firm values lots of HMO properties of all shapes and sizes so we have a lot of experience and I can certainly...
8th March 2017, 9 years ago
Dear Janet This matter does seem to be dragging on for you which is clearly very unfortunate. It is clearly in your own interests to be reasonable, in terms of providing access and information, but I do wonder if your...
Read More →3rd March 2017, 9 years ago
Dear Janet There are no hard and fast rules and each case will be different, but several weeks without hot water is not reasonable. You should permit your landlord and/or his chosen engineer to inspect the current system. You could...
Read More →25th February 2017, 9 years ago
Dear James I'm with the respondent who said "don't panic". I suspect that most of us property investors have had a wobble at times but, for most of us, we come out the other side. On average post war, UK...
Read More →Reply to comment left by Sam Addison at 24/02/2017 - 11:54
Reply to the comment left by "Sam Addison" at "24/02/2017 - 11:54": Sam There is no restriction on running a limited company (or several) whilst also being a sole trader or member of a partnership. It is quite common. What...
Read More →24th February 2017, 9 years ago
Dear Clinton As to whether incorporation is suitable for you I suggest you get some sound advice from an accountant; it won't be for everyone and may not be straightforward. I incorporated a number of properties some years ago so...
Read More →22nd February 2017, 9 years ago
Dear Pam# Gut instinct is worth a lot; if you smell hassle now then don't get involved. On a more positive note I took a new tenant in last year when she left her husband and she paid 6 months...
Read More →6th February 2017, 9 years ago
Hi Gill Any reputable agent should agree terms of business at the outset of any letting, management work which will include any notice period. They cannot unilaterally make changes to that agreement. Hopefully you will have a copy of what...
Read More →27th January 2017, 9 years ago
Dear Sunny I am sorry to hear of your situation. It is cases like this which lead to the industry having a bad name and the Government looking to bolster regulations. There should be no good reason why an agent...
Read More →21st January 2017, 9 years ago
Dear D I would have to agree with Thom; it is situations like this that give the sector a bad name and lead to increasing regulation. I fear that your issue with the mortgage is only the tip of your...
Read More →20th January 2017, 9 years ago
Dear D There is some conflict in the responses but you need to be very careful as to how you proceed. It is absolutely correct that you must tell your mortgage company; if they find out they will be far...
Read More →9th January 2017, 9 years ago
Dear Hugh At least you have something in writing and the good news is that it doesn't specifically permit the access to be used if the adjacent property is redeveloped. However, it does not deny use for redevelopment. I hope...
Read More →6th January 2017, 9 years ago
Hi Michael You will need to be in the non-resident landlord (NRL) scheme in order to make sure that your tenant or letting agent is able to pay you the rent gross. If you are not in the scheme then...
Read More →31st December 2016, 9 years ago
Dear Jacquie I am sorry to hear of the death of your agent (especially in light of my firm's clients' account manager passing away on Christmas Day). The first thing to do is make sure that the tenant deals with...
Read More →23rd December 2016, 9 years ago
Dear Simon You pose an interesting question but the answer must be to do with what happens when things go wrong. I am not sure if you are talking about sales or lettings agents, but the same basic principles apply....
Read More →14th December 2016, 9 years ago
Dear Paul I am finding that the high street banks have little appetite for property development at the moment. You may find that a broker would serve you well in finding somebody to fund you; they will have the knowledge...
Read More →12th December 2016, 9 years ago
Good afternoon It is an interesting concept that landlords can miraculously increase rents to cover increasing costs of compliance and possible additional letting agents' fees. I am sure that in some areas it will not be that straightforward. Rents are...
Read More →2nd December 2016, 9 years ago
I agree about rising rents and in many areas my firm deals with I have never seen the like of the increase now achievable. The point has been well made about keeping good tenants and I am sure that most...
Read More →23rd November 2016, 9 years ago
Good morning Not a goo way to start the day with yet another swipe at the lettings industry. It beggars belief that the government (especially a blue one) has so little understanding as to how things work in this sector....
Read More →18th November 2016, 9 years ago
Dear Sarah I think you need to speak openly with your agent about your concerns. It is worrying that you think that the agent has cash flow problems and is using your rent effectively to run their business. This is...
Read More →10th November 2016, 9 years ago
Dear Mike This question comes up repeatedly and I can never resist adding my point of view. My firm values lots of HMO properties of all shapes and sizes so we have a lot of experience and I can certainly...
Read More →Showing 20 of 68 comments