This is hardly new, a lot of RMCs were set up this way in the 1980s with a sum paid for the freehold which may or may not have been nominal. It also avoids some being shareholders and some not....
For the hassle versus goodwill, after 20 years just increase the rent gradually. I have a similar tenant in terms of length and shortfall and wouldn't even consider ending the tenancy
You need good referencing to get RGI - I have once let to people who did not pass and so did not get RGI for them as they were of an age not to be able to provide a guarantor....
If the house is sold after a death straight from the estate then I believe the probate value is adjusted to the price actually obtained. Since there will be no IHT you don't need to worry and you can submit...
You can own both in the same name (I do) as they effectively cancel each other but you don't need to make any formal change. However if you have a lender they will not like that and they need to...
Reply to the comment left by Ian Cognito at 02/08/2025 - 12:11Judith has put it much more succinctly than I did! As to the one who has already paid for the benefit I can see it makes sense for them...
Reply to the comment left by Ian Cognito at 01/08/2025 - 10:11Split equally between all flats. If not everyone participates then the others take up the slack. Then when the non-participants sell the buyer pays their share into the fund...
No, they are not fit for purpose and in some cases nonsensical. Also based on energy price so an all electric property will have a lower rating even though we are supposed to be phasing out fossil fuels
3rd January 2026, 3 months ago
My Baxi boilers already have 10 year warranty
Read More →27th December 2025, 3 months ago
This is hardly new, a lot of RMCs were set up this way in the 1980s with a sum paid for the freehold which may or may not have been nominal. It also avoids some being shareholders and some not....
Read More →6th December 2025, 4 months ago
HMRC would take a dim view of such poor unbusinesslike record keeping, no sympathy for this landlord
Read More →30th November 2025, 4 months ago
For the hassle versus goodwill, after 20 years just increase the rent gradually. I have a similar tenant in terms of length and shortfall and wouldn't even consider ending the tenancy
Read More →30th November 2025, 4 months ago
You need good referencing to get RGI - I have once let to people who did not pass and so did not get RGI for them as they were of an age not to be able to provide a guarantor....
Read More →14th September 2025, 7 months ago
If the house is sold after a death straight from the estate then I believe the probate value is adjusted to the price actually obtained. Since there will be no IHT you don't need to worry and you can submit...
Read More →5th September 2025, 7 months ago
Until the new act is in force it is 75% floor area required
Read More →5th September 2025, 7 months ago
You can own both in the same name (I do) as they effectively cancel each other but you don't need to make any formal change. However if you have a lender they will not like that and they need to...
Read More →9th August 2025, 8 months ago
More are opting for insurance based schemes so the decline in deposit protection is to be expected and no relation to the number of new tenancies
Read More →9th August 2025, 8 months ago
There are more lenders available through a broker as some do not deal directly with clients
Read More →Reply to comment left by Paul Donatantonio at 02/08/2025 - 12:11
Reply to the comment left by Ian Cognito at 02/08/2025 - 12:11Judith has put it much more succinctly than I did! As to the one who has already paid for the benefit I can see it makes sense for them...
Read More →Reply to comment left by Paul Donatantonio at 01/08/2025 - 10:11
Reply to the comment left by Ian Cognito at 01/08/2025 - 10:11Split equally between all flats. If not everyone participates then the others take up the slack. Then when the non-participants sell the buyer pays their share into the fund...
Read More →12th July 2025, 9 months ago
Take open rents advice, why wouldn't you? What do you expect to gain by not doing so?
Read More →5th July 2025, 9 months ago
No, they are not fit for purpose and in some cases nonsensical. Also based on energy price so an all electric property will have a lower rating even though we are supposed to be phasing out fossil fuels
Read More →5th July 2025, 9 months ago
Refer any request to the letter from the block management and if necessary provide a copy
Read More →29th June 2025, 9 months ago
About £150- £200 is about right. Shouldn't matter how many directors
Read More →29th June 2025, 9 months ago
Anyone's circumstances can change, these seem less likely than losing a job
Read More →28th June 2025, 9 months ago
If by "family grew" you mean they had children that would not be overcrowding - see Shelter site for definition
Read More →31st May 2025, 10 months ago
My council has a portal where the bills can be seen and will send by email on request
Read More →3rd May 2025, 11 months ago
You CAN change only one lease with a deed of variation, we have done it
Read More →Showing 20 of 1,264 comments