Does it past the sniff test? If it sounds like an AST then its an AST. The law looks at what actually happens on the ground. If the tenants are being treated like tenant then its an AST not matter...
Good to read there is still a human element to HMRC! Well done they could have said “sorry you’ll have to hire an accountant”. Lest there is some good news in the world of tax.
I would try going after the tenant for this cost even if there is 0 chance of recovering the money. CCJ if issued won’t cost much but would stop a nasty tenant renting from the PRS so please help out...
Reply to the comment left by Disgrunteld Landlady at 03/01/2026 - 03:50Should have been cleared if renting via an agent then take out their RGI which is most likely Goodloard (They only sell to agents not direct to LL's). If...
You need to take a view from a risk perspective rather than nitty gritty of collection of cash and meeting, pain in the arse etc... The RRA has tipped the risk profile. So simple mitigations for all PRS landlords... 1)...
Good article here is my approach... >Still won't use an agent as I like self management, and depend more on Openrent than "finders fee" as I want to vet them personally rather than relay on agents judgment. >Securing rent guarantee...
Had a lady split up from her husband and wanted to pay a whole year upfront from her divorce proceeds so she can concrete on herself and daughter. She also worked full time. I accepted the offer and what role...
This shows the gap that most people rely on solicitors to fill the void of calculating the correct tax due, when it's not the solicitors job, it a tax advisor. At the highest level of government her head should roll,...
Since your current lease and next lease is/will be outside of the act the tenant has fewer protections you have a stronger hand. If you are happy with the current lease wording/terms that was previously professionally drafted then your suggestion...
I thought there are 3 points which stops this from working. 1) You need to live in the property for at least 6 months before applying for consent to let. 2) It’s only temporary permission i.e. a few years if...
The first thing which you don’t mention is if the lease is inside or outside the LTA1954. I can only assume it’s not as there is no mention of the tenant serving a S26. Either was it’s common practice for...
If you were self managing and they have been good tenants but just “forgot” to clean oven I would let it go however since you are paying for an agent’s services they on the other hand should know better and...
Nice line up and would be interested however isn't it a bit premature? Surly it makes sense to hold this after the final stages and its ready for Royal Assent. There is still time for amendments and no timeline on...
Andrew, One of my BTLs is similar to your example. Here are the high level numbers Value: £130,000 LTV: 75% Rate: 3.05% IO Total buying costs £7,635 Total invested £40,250 Monthly Rent £710 Running costs (mortgage, insurance, service charge) etc...
Put in controls for arrangement fees and interest with BTL leaders and then we might consider it. No didn't think so! Whilst you're at put in controls for holiday company's charging extortion prices outside term time. No didn't think so...
The amount of times we see posts on here whereby someone has purchased with tenants in situ and their conveyancer has failed to collect/pass on the required documents. As Graham has hinted try and obtain these documents as you will...
Do you mean “tenant in situ” or “sitting tenant” there is a big difference between the two. If it is the latter then the tenant has stronger rights. Please confirm which type you have.
Reply to the comment left by Jo Westlake at 17/01/2025 - 14:46Disagree with the sponging comment if the child is studying full time. Most students are means tested against their parents income so would get a lower maintenance loan if...
7th April 2026, 2 days ago
Does it past the sniff test? If it sounds like an AST then its an AST. The law looks at what actually happens on the ground. If the tenants are being treated like tenant then its an AST not matter...
Read More →12th March 2026, 4 weeks ago
Good to read there is still a human element to HMRC! Well done they could have said “sorry you’ll have to hire an accountant”. Lest there is some good news in the world of tax.
Read More →7th January 2026, 3 months ago
I would try going after the tenant for this cost even if there is 0 chance of recovering the money. CCJ if issued won’t cost much but would stop a nasty tenant renting from the PRS so please help out...
Read More →Reply to comment left by Disgrunteld Landlady at 03/01/2026 - 03:50
Reply to the comment left by Disgrunteld Landlady at 03/01/2026 - 03:50Should have been cleared if renting via an agent then take out their RGI which is most likely Goodloard (They only sell to agents not direct to LL's). If...
Read More →30th December 2025, 3 months ago
You need to take a view from a risk perspective rather than nitty gritty of collection of cash and meeting, pain in the arse etc... The RRA has tipped the risk profile. So simple mitigations for all PRS landlords... 1)...
Read More →23rd December 2025, 4 months ago
Good article here is my approach... >Still won't use an agent as I like self management, and depend more on Openrent than "finders fee" as I want to vet them personally rather than relay on agents judgment. >Securing rent guarantee...
Read More →23rd December 2025, 4 months ago
Had a lady split up from her husband and wanted to pay a whole year upfront from her divorce proceeds so she can concrete on herself and daughter. She also worked full time. I accepted the offer and what role...
Read More →3rd September 2025, 7 months ago
This shows the gap that most people rely on solicitors to fill the void of calculating the correct tax due, when it's not the solicitors job, it a tax advisor. At the highest level of government her head should roll,...
Read More →26th June 2025, 10 months ago
Since your current lease and next lease is/will be outside of the act the tenant has fewer protections you have a stronger hand. If you are happy with the current lease wording/terms that was previously professionally drafted then your suggestion...
Read More →26th June 2025, 10 months ago
I thought there are 3 points which stops this from working. 1) You need to live in the property for at least 6 months before applying for consent to let. 2) It’s only temporary permission i.e. a few years if...
Read More →26th June 2025, 10 months ago
The first thing which you don’t mention is if the lease is inside or outside the LTA1954. I can only assume it’s not as there is no mention of the tenant serving a S26. Either was it’s common practice for...
Read More →26th June 2025, 10 months ago
If you were self managing and they have been good tenants but just “forgot” to clean oven I would let it go however since you are paying for an agent’s services they on the other hand should know better and...
Read More →16th May 2025, 11 months ago
I assume my reform MP will vote against this. Either way it's still happening.
Read More →7th February 2025, 1 year ago
Nice line up and would be interested however isn't it a bit premature? Surly it makes sense to hold this after the final stages and its ready for Royal Assent. There is still time for amendments and no timeline on...
Read More →6th February 2025, 1 year ago
Andrew, One of my BTLs is similar to your example. Here are the high level numbers Value: £130,000 LTV: 75% Rate: 3.05% IO Total buying costs £7,635 Total invested £40,250 Monthly Rent £710 Running costs (mortgage, insurance, service charge) etc...
Read More →3rd February 2025, 1 year ago
Put in controls for arrangement fees and interest with BTL leaders and then we might consider it. No didn't think so! Whilst you're at put in controls for holiday company's charging extortion prices outside term time. No didn't think so...
Read More →22nd January 2025, 1 year ago
The amount of times we see posts on here whereby someone has purchased with tenants in situ and their conveyancer has failed to collect/pass on the required documents. As Graham has hinted try and obtain these documents as you will...
Read More →22nd January 2025, 1 year ago
Do you mean “tenant in situ” or “sitting tenant” there is a big difference between the two. If it is the latter then the tenant has stronger rights. Please confirm which type you have.
Read More →Reply to comment left by Peter Merrick at 17/01/2025 - 17:18
Reply to the comment left by Peter Merrick at 17/01/2025 - 17:18And the answer will be wait until the bailiffs arrive ?
Read More →Reply to comment left by Jo Westlake at 17/01/2025 - 14:46
Reply to the comment left by Jo Westlake at 17/01/2025 - 14:46Disagree with the sponging comment if the child is studying full time. Most students are means tested against their parents income so would get a lower maintenance loan if...
Read More →Showing 20 of 137 comments