mikenewman118@gmail.com, Author at Property118

Reply to the comment left by susan sinclair at 12/03/2026 - 10:24I have a supplementary question. My accountant does my return. Is it me or him that has to deal with MTD?

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Can I buy the freehold to my flats?

5th April 2022, 4 years ago

I am not a lawyer but our experience is that we owned 1 then 2 and finally 3 out of 3 of the properties under same lease with the freeholder. We were not resident in any of the properties. We...

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Wear and tear or?

18th March 2022, 4 years ago

A while ago we had a tenant who didn't believe in ventilation. The short story is that when they left there was mildew and the chrome towel warmers in the bathroom had developed rust. We took pictures of everything and...

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Ian do you think this legislation might cover the £250 and £100 ground rent thresholds causing a property to be defined as an AST?

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Perhaps I did not explain properly. The GR is revised by inflation every 10 years. So if inflation is about 3% per annum compounded then the increase is over 30%. So my current £175 is likely to become something like...

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Reply to the comment left by at 07/04/2021 - 08:44I agree that there is a small probability of this happening and if GR is always paid in full, on time then there should be no risk of it happening. But...

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Asbestos and rental property

14th October 2019, 7 years ago

We discovered asbestos in the some artex walls and all ceilings when we bought a semi and had a survey. Once it was in the surveyors report we could not ignore it so we engaged a specialist. The problem came...

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6th July 2019

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