Mervin Xavier
Mervin Xavier
Registered with Property118.com
10th October 2013
Total Posts
0
Total Comments
97
Bio
I am a portoflio BTL landlord.
I own properties in my sole name as well as in a limited company structure.
I also own and run a property management company specialising in block management.
11th February 2025, 1 year ago
Pretty straightforward, but you will need legal support. Speak to Jade Thomas at Lease Law Limited, who specialises in matters such as these.
Read More →31st October 2024, 1 year ago
There is no win for property investors! The immediate increase in SDLT is an unecessary tax inhibiting entry into BTL investments or inhibiting further expansion of BTL portfolios. This change will also make it less cost-effective to move properties from...
Read More →23rd July 2024, 2 years ago
I would say it's missed opportunity. What has the lease got to do with the purchase of the freehold? The clause said, the lease shall be provided before completion. So, the Section 5A should have been accepted and the purchase...
Read More →20th January 2024, 2 years ago
Vardan, It may be that the request for advance payment has come from the management company, but it is very likely to have been raised by the freeholder. The lease may have a clause where by the freeholder is required...
Read More →Reply to comment left by Carol Moscardini at 30/12/2023 - 23:05
Under the The Commonhold and Leasehold Reform Act 2002, if a RTM company has successfully claimed and taken over the management of a building, then the costs for the running and administration of the said RTM company can be included...
Read More →30th December 2023, 2 years ago
Soma, In simple terms and in most cases, as a leaseholder you have to pay Ground Rent (for the lease) and Service Charge (for maintaining the building). If you have had a lease extension, it is very likely your Ground...
Read More →30th December 2023, 2 years ago
Derek, Some of the responses above are overcomplicating the matter. If your company is just a right to manage company, i.e. it does not own the freehold, then technically the company has no owners, as it should be setup as...
Read More →22nd July 2023, 3 years ago
Writing about John Bird's article and then posting another article in response, just gives foolish people (like Mr Bird) more valuable media space! Best to ignore!
Read More →1st July 2023, 3 years ago
Hi Matthew, If the RTM company or their Managing Agent has not followed the correct Section 20 process, then the maximum amount they can legally recover is £250 per leaseholder. If you or other leaseholders are in dispute with the...
Read More →1st July 2023, 3 years ago
Steve, Use the BCIS website to get a rough reinstatement value calculated, then employ a RICS approved surveyor to carryout a desktop reinstatement valuation or a physical reinstatement valuation. Once you have these figures, speak to Paul Marshall at Alan...
Read More →1st July 2023, 3 years ago
There are some very foolish people in the government and now in the NRLA too! How does helping people with their mortgage payments going to help bring inflation down? The whole point of increasing BOE rate is to curb expenditure...
Read More →1st July 2023, 3 years ago
Good morning Stephen, I am sorry to hear of your situation. You don't always need the freeholder to fill in an LPE1 form. But you may also not have a lot of information if there are outstanding disputes. Reading between...
Read More →17th June 2023, 3 years ago
The headline of this article is misleading, incorrect and unfair. Nobody likes interest rate rises. But, the Bank of England has a statutory responsibility to curtail inflation and their only means to do so, is by raising its rates. Blaming...
Read More →Reply to comment left by Crossed_Swords . at 15/04/2023 - 10:59
The articles of association can be amended, with the permission of all the leaseholders (on a majority vote). My block management company operates in Norfolk, Suffolk, Essex and West London. But we help with Right to Manage and Collective Enfranchisement...
Read More →Reply to comment left by Rich M at 14/04/2023 - 19:48
Good morning Rich, As everyone has already advised, you will need to have at least one director. A good Managing Agent will ensure the sole director will only need to be contacted on rare occasions - once or twice a...
Read More →Reply to comment left by Paul Bond at 09/03/2023 - 17:30
Reply to the comment left by Paul Essex at 09/03/2023 - 17:30Paul, not necessarily! RMC, RTM companies and management companies are already responsible for all aspects of health and safety within the building. Yes, the new legislation does add a...
Read More →Reply to comment left by Alice Bock at 08/02/2023 - 17:53
Reply to the comment left by Alice Bock at 08/02/2023 - 17:53Hi Alice, Did you get a chance to review your service charge breakdown against what it says in your lease? If you need help with looking at this in...
Read More →20th January 2023, 3 years ago
Rent freeze and now a rent cap!! Will the Scottish government also impose freezes and caps on rising costs of tradespeople and mortgage lenders? Probably not ?? Sadly, more landlords will have no choice but to quit the PRS.
Read More →10th December 2022, 3 years ago
Hi Jill, I am not on the other side of the fence. I am a portfolio landlord, I have supported an array of successful RTM claims and I also own/operate a block management company. But I respect the law. The...
Read More →10th December 2022, 3 years ago
Hi Jill, I respect your knowledge and experience in the leasehold and RTM area. I think the Supreme Court judgement has not created an in-balance - it was providing a much needed clarity to the EXISTING legislation. And rightfully, it...
Read More →Showing 20 of 97 comments