Ann Shaw
Ann Shaw
Registered with Property118.com
3rd August 2015
Total Posts
0
Total Comments
49
Registered with Property118.com
3rd August 2015
Total Posts
0
Total Comments
49
17th June 2024, 2 years ago
Well, as a lifelong Tory voter, I am now jumping ship and voting “Reform”
Read More →22nd March 2023, 3 years ago
As yet, no statute in place. I wonder how much the agents were fined? However, soon to be statute under The Renters' Reform Act - Yet another reason why I am turning my residential properties into Airbnb's!! No s24 on...
Read More →Reply to comment left by N P at 13/01/2023 - 11:34
You can ask for bank statements, as do most mortgage lenders nowadays - However, prospective tenants do not have to supply them. That is their prerogative! I would add, Landlords should be ICO registered in order to obtain sensitive personal...
Read More →13th January 2023, 3 years ago
Hi Ann, You will have no doubt heard the sayings 'Do not touch with a 10-foot pole' and, 'avoid like the plague!' - Why give yourself a huge headache six months down the line? If this prospective tenant cannot provide...
Read More →21st October 2022, 3 years ago
Excellent retort Freda - Well said!!!
Read More →Reply to comment left by Fiona Stacey at 29/09/2022 - 14:00
Unfortunately, we are taxed on the rent we receive, regardless of whether we make a profit or not. For eg, if I take rent of say £100,000 per annum and my interest only mortgage costs are say £50,000, under s24...
Read More →29th September 2022, 4 years ago
s24 is a wholly unfair tax, whereby you are essentially taxed on turnover, not profit! It artificially raises your gross income, which for those who are middle income earners can easily be drawn into a fake £100,000+ earnings. Thereby losing...
Read More →29th September 2022, 4 years ago
Hi The Duttons, Even though you have good LTV's, having just found out that a couple of lenders are now asking for EPC A and B for their best five-year fixed rates deals, I would check what your EPC's are...
Read More →4th August 2022, 4 years ago
Hi TD, I used two brokers, and both commented about the EPCs which lenders are now asking for to be C or above. The mortgagees were BM Midshires and HSBC - BM had to refer my case to an underwriter,...
Read More →24th June 2022, 4 years ago
Hi Ian, Thank you for your comments. I doubt very much that the new proposed s8 (whatever it might be), will be a seamless speedy process in order to evict a bad tenant. Yes, you're right, mortgagees didn't throw in...
Read More →28th March 2022, 4 years ago
It always amuses me when a prospective tenant informs me 'I will be the only one going on the AST'. Like it is their divine right to call the shots! Never accept this type of tenant. Regardless of the other...
Read More →Reply to comment left by Smiffy One at 11/03/2022 - 16:55
I couldn't agree more, Smiffy. Once we know when the eradication of s21 will be coming into statute, I will be issuing a lot of my tenants with s21 and turning most of my properties into Airbnb. Airbnb also negates...
Read More →12th March 2022, 4 years ago
Sadly, our hands are forced. Due to ever-increasing costs, buildings insurance, RGI (has rocketed since Covid), gas maintenance, EICR. Now interest rate rises and s24 in full force. It becomes economically untenable to leave our rents at a lower than...
Read More →13th February 2022, 4 years ago
Just to add further, Helen - Never let a tenant control your business. This tenant has shown zero respect towards you and abuse. In my opinion, matters will only become worse. Write to him by email serving him with a...
Read More →12th February 2022, 4 years ago
Hi Helen, Thankfully, there is no statutory 'cap' on tenancies. You can therefore increase your rent annually to a price that is comparable to surrounding properties in the area. However, this has to be carried out annually with the same...
Read More →3rd February 2022, 4 years ago
With these continual accruing costs I now have to pass on these further costs as much as I can in the form of rental increases to the current marketable rate - I have historically left my rental rates well under...
Read More →Reply to comment left by Richard Weir-Ewing at 02/02/2022 - 18:32
Hi Richie, I'm not an Accountant, I'm afraid. I would seek good advice with regards CGT and what you can offset. If HMRC suspects wrongdoing, they can go back 20 years, and as well as clawing any monies back, they...
Read More →Reply to comment left by Richard Weir-Ewing at 02/02/2022 - 17:22
Very true Richie, As I mentioned earlier, I would NEVER vote Labour or Lib Dems for that matter, as Iong as I have breath. That said, at this moment in time, I cannot even think about voting Tory again if...
Read More →Reply to comment left by neilt at 02/02/2022 - 14:54
Hi Neil, Yes, I know all the statute’s - We will have to wait and see whether I abstain from voting at the next election. However, one thing where there is absolutely no ambiguity whatsoever in my mind (tablets of...
Read More →Reply to comment left by neilt at 02/02/2022 - 14:54
Hi Neil, Yes, I know all the statute’s - We will have to wait and see whether I abstain from voting at the next election. However, one thing where there is absolutely no ambiguity whatsoever in my mind (tablets of...
Read More →Showing 20 of 49 comments