All excellent points, I would add that the crazy situation of not being able to deduct interest payments as a business expense is actually the most fundamental problem. It unfairly favours the rich and large companies and discourages small investors...
Reply to the comment left by Tim Rogers at 06/06/2023 - 11:13The problem is, as I understand it, that the value currently sits in the freehold. If I grant myself a lease, I will have to pay SDLT at least...
Reply to the comment left by Simon Rhodes - Mortgage Broker at 06/06/2023 - 00:12Yes Simon and I also am looking for a BTL mortgage but that gives me an idea. Maybe if I went for a personal mortgage I...
Reply to the comment left by Jonathan Cocks at 05/06/2023 - 14:58Thank you. I knew at the time that this would be a problem for me but given the timing, it was either take the loan and try to sort...
I'm in the same situation and have come to regret not putting rents up before. When interest rate were so low, I was making more than enough and didn't neet to put rents up. I too have lovely tenants who...
Hi I'm very happy to help. I'm a full time landlord and have been for 20 years. My properties are in London and rents/demand have fallen dramatically in my areas. I've no experience with evictions but plenty with all other...
Hi Clint That's excellent thanks. I don't actually intend charging them anything, they just need a little help in realising they want to leave, and I think the possibility of double rent is likely to be enough :)
Thank you for all your comments - all very helpful. I have since found some info online which suggests that in order to claim the extra amounts possible (not limited to rent), I would have to stop taking the rent...
Hi DM, that's great thanks. I'm going to get back to my elecrician and ask him what the difference is because as you say, (now I've googled images which I didn't think to do before) they look like the same...
Reply to the comment left by Bill Stiles at 03/08/2020 - 19:19Hi, thanks very much for your reply but what I was asking was whether my DOMESTIC ELECTRICAL INSTALLATION CERTIFICATE, issued a year ago, can be taken as a valid...
Hi, thanks for your article. It seems to me that if I already have a DOMESTIC ELECTRICAL INSTALLATION CERTIFICATE from with the last 5 years and all electrical elements of the house were checked and found to be safe, then...
Hi Paul Just to clarify, I never require a tenant (or set of tenants) to find someone new if someone moves out. I make it very clear that the contract is ending and that I am happy to have the...
31st January 2025, 1 year ago
All excellent points, I would add that the crazy situation of not being able to deduct interest payments as a business expense is actually the most fundamental problem. It unfairly favours the rich and large companies and discourages small investors...
Read More →Reply to comment left by Crossed_Swords . at 06/06/2023 - 12:18
That's great thanks and a big relief as a way out of this. I will explore this but it seems like it should work well ?
Read More →Reply to comment left by Jonathan Cocks at 06/06/2023 - 12:10
Reply to the comment left by Jonathan Cocks at 06/06/2023 - 12:10Thank you and if you know of a specialist, please let me know! ?
Read More →Reply to comment left by Crossed_Swords . at 06/06/2023 - 11:35
Ah ha! Thank you
Read More →Reply to comment left by Tim Rogers at 06/06/2023 - 11:13
Reply to the comment left by Tim Rogers at 06/06/2023 - 11:13The problem is, as I understand it, that the value currently sits in the freehold. If I grant myself a lease, I will have to pay SDLT at least...
Read More →Reply to comment left by Simon Rhodes at 06/06/2023 - 00:12
Reply to the comment left by Simon Rhodes - Mortgage Broker at 06/06/2023 - 00:12Yes Simon and I also am looking for a BTL mortgage but that gives me an idea. Maybe if I went for a personal mortgage I...
Read More →Reply to comment left by Jonathan Cocks at 05/06/2023 - 14:58
Reply to the comment left by Jonathan Cocks at 05/06/2023 - 14:58Thank you. I knew at the time that this would be a problem for me but given the timing, it was either take the loan and try to sort...
Read More →Reply to comment left by Colin Massey at 05/06/2023 - 10:56
Reply to the comment left by Colin Massey at 05/06/2023 - 10:56Ah, excellent, I'll contact them ?
Read More →Reply to comment left by Susan Grace-Gardener at 05/06/2023 - 10:47
No I've not but I will ask them. Thank you
Read More →Reply to comment left by Judith Wordsworth at 05/06/2023 - 10:35
Reply to the comment left by Judith Wordsworth at 05/06/2023 - 10:35It was LendInvest The problem is that there is no longer a lease to extend. Thanks
Read More →8th November 2022, 3 years ago
I'm in the same situation and have come to regret not putting rents up before. When interest rate were so low, I was making more than enough and didn't neet to put rents up. I too have lovely tenants who...
Read More →11th November 2020, 5 years ago
Hi I'm very happy to help. I'm a full time landlord and have been for 20 years. My properties are in London and rents/demand have fallen dramatically in my areas. I've no experience with evictions but plenty with all other...
Read More →Reply to comment left by Clint Coelho at 13/10/2020 - 11:49
Hi Clint That's excellent thanks. I don't actually intend charging them anything, they just need a little help in realising they want to leave, and I think the possibility of double rent is likely to be enough :)
Read More →13th October 2020, 6 years ago
Thank you for all your comments - all very helpful. I have since found some info online which suggests that in order to claim the extra amounts possible (not limited to rent), I would have to stop taking the rent...
Read More →Reply to comment left by Don Malaga at 04/08/2020 - 10:20
Hi DM, that's great thanks. I'm going to get back to my elecrician and ask him what the difference is because as you say, (now I've googled images which I didn't think to do before) they look like the same...
Read More →Reply to comment left by bill stiles at 03/08/2020 - 19:19
Reply to the comment left by Bill Stiles at 03/08/2020 - 19:19Hi, thanks very much for your reply but what I was asking was whether my DOMESTIC ELECTRICAL INSTALLATION CERTIFICATE, issued a year ago, can be taken as a valid...
Read More →Reply to comment left by Andrew Roberts at 03/08/2020 - 13:39
Great thanks Andrew, I look forward to hearing Jamie
Read More →3rd August 2020, 6 years ago
Hi, thanks for your article. It seems to me that if I already have a DOMESTIC ELECTRICAL INSTALLATION CERTIFICATE from with the last 5 years and all electrical elements of the house were checked and found to be safe, then...
Read More →16th November 2019, 6 years ago
Hi Paul Just to clarify, I never require a tenant (or set of tenants) to find someone new if someone moves out. I make it very clear that the contract is ending and that I am happy to have the...
Read More →16th November 2019, 6 years ago
Dear all Many thanks for all your time and comments - very helpful and much appreciated. Jamie
Read More →Showing 20 of 42 comments