£1,800 a year? If I was paying HR rate tax on it I'd just sell and lump the proceeds into S&S JISAs in the grandchildren's names. If I was paying BR on this income I'd just put the income into...
Reply to the comment left by Fed-up Landlord at 11/08/2024 - 14:11Can only echo what the others have said. Best to reach a risk-assessed decision BEFORE you decide to rent to this person. I don’t know where exactly in the...
If they’re a good tenant, paying market rent and you would want to keep them, then I would consider getting this done while making clear to the tenant that you’re doing it out of goodwill rather than a responsibility. It...
Having had the misfortune of working with Rightmove for a few years in the past, I can tell you that it’s a malign near-monopoly that would never exist at the scale it does if the CMA did it’s job properly....
This might be new in Leicester but we’ve had this (‘Additional HMO Licensing’ for ‘small HMOs’) for a long time now in two of the council areas that I let in. A small HMO is defined by my council as...
How many times can we have a ‘Landlord exodus’? I’ve been hearing this again and again for the past decade each time there was any kind of change which touched the private rental sector, of which there have been plenty!...
Lower voids and higher rents, good news as an LL. Rents are only going one way, what with the relentless and continued drain of small LLs from the market.
13th August 2024, 2 years ago
£1,800 a year? If I was paying HR rate tax on it I'd just sell and lump the proceeds into S&S JISAs in the grandchildren's names. If I was paying BR on this income I'd just put the income into...
Read More →Reply to comment left by Martin Luciani at 11/08/2024 - 14:11
Reply to the comment left by Fed-up Landlord at 11/08/2024 - 14:11Can only echo what the others have said. Best to reach a risk-assessed decision BEFORE you decide to rent to this person. I don’t know where exactly in the...
Read More →6th August 2024, 2 years ago
If they’re a good tenant, paying market rent and you would want to keep them, then I would consider getting this done while making clear to the tenant that you’re doing it out of goodwill rather than a responsibility. It...
Read More →6th August 2024, 2 years ago
Having had the misfortune of working with Rightmove for a few years in the past, I can tell you that it’s a malign near-monopoly that would never exist at the scale it does if the CMA did it’s job properly....
Read More →6th August 2024, 2 years ago
The cost of setting this up is inevitably going to land on us but setting that aside this seems like a sensible step to take.
Read More →5th August 2024, 2 years ago
One of my freeholders (London flat) charges me £150 for this privilege!
Read More →Reply to comment left by David Tyler at 02/08/2024 - 15:43
Thanks DPT, that's very clear and good to know!
Read More →2nd August 2024, 2 years ago
This might be new in Leicester but we’ve had this (‘Additional HMO Licensing’ for ‘small HMOs’) for a long time now in two of the council areas that I let in. A small HMO is defined by my council as...
Read More →2nd August 2024, 2 years ago
How many times can we have a ‘Landlord exodus’? I’ve been hearing this again and again for the past decade each time there was any kind of change which touched the private rental sector, of which there have been plenty!...
Read More →Reply to comment left by David Tyler at 31/07/2024 - 19:04
My exact thoughts as well. Mortgage interest isn't the only cost of being an LL.
Read More →31st July 2024, 2 years ago
Lower voids and higher rents, good news as an LL. Rents are only going one way, what with the relentless and continued drain of small LLs from the market.
Read More →