Readers Question

Creating own property management company to save tax

Author: Readers Question

8th February 2017, 9 years ago | 29

I currently self manage my 15 buy to let properties in the Greater London region. I want to legitimately reduce...

Worried about underletting clause in lease

Author: Readers Question

8th February 2017, 9 years ago | 6

I have a flat which I have let out for the past few years. The last tenancy change was last...

Tenant damage, depreciation allowances and Arbitration?

Author: Readers Question

8th February 2017, 9 years ago | 21

I apologise now for the length of this article but its a bit complex: I have a dispute with a...

Naive consent to let assumed but then refused

Author: Readers Question

8th February 2017, 9 years ago | 3

Both myself and my partner decided the time was right to move in together in the summer, the decision was...

Possible exit strategy by transferring beneficial interest

Author: Readers Question

8th February 2017, 9 years ago | 18

My husband and I own our BTL’s jointly. Say I wanted to retire to Cyprus or Malta permanently, could we...

Forwarding address not supplied?

Author: Readers Question

7th February 2017, 9 years ago | 12

If a tenant refuses to supply a forwarding address when leaving a property how do I inform the relevant authorities?...

Time to bail but I have a Council notice of improvement?

Author: Readers Question

6th February 2017, 9 years ago | 18

Hi I have decided BTL is no longer for me. I wish to sell ahead of the upcoming accountancy changes...

Management with history of extraordinary service charges

Author: Readers Question

6th February 2017, 9 years ago | 2

I have two flats in a block of around 120. The block is undergoing a programme of refurbishment – long...

Parents home ownership transfer – Are we now Landlords?

Author: Readers Question

6th February 2017, 9 years ago | 9

My parents have transferred the ownership of their home to myself and brother. There is no mortgage on the property...

SDLT on tenants in common split 99% to 1%

Author: Readers Question

6th February 2017, 9 years ago | 13

I am in the process of splitting my buy to let property which I currently own 100% to my wife...

New tax rules for unencumbered property?

Author: Readers Question

6th February 2017, 9 years ago | 8

My wife has a commercial property(convenience store) with 2 X 2 bedroom flats above. This complete unit is unencumbered by...

Minimum agents term in their policies but not my contract?

Author: Readers Question

6th February 2017, 9 years ago | 4

I have been renting out my house for 20 months and am on my second set of tenants. I have...

Who pays for the boiler replacement if operated incorrectly?

Author: Readers Question

6th February 2017, 9 years ago | 13

I have recently replaced a boiler in my rented property, I have a letter from the plumber that states that...

Housing benefit and direct landlord payments

Author: Readers Question

6th February 2017, 9 years ago | 5

Many of us have tenants who receive housing benefit, even though HB is being slowly being replaced by universal credit....

£10,000 lost in rent and expenses!

Author: Readers Question

2nd February 2017, 9 years ago | 6

We own a leasehold flat and the landlords are a well known Housing Trust. Ever since 2012, we have suffered...

Tenant not handing back keys in HMO?

Author: Readers Question

2nd February 2017, 9 years ago | 14

I have recently taken a tenant to court 26 Jan 2016, for non payment of rent, and we won, and...

License to Alter on work done by previous owner

Author: Readers Question

2nd February 2017, 9 years ago | 6

I purchased a leasehold flat 7 years ago which had been renovated a bathroom had been split to house a...

property118

Tax Planning For Individual Buy to Let Owners

Author: Readers Question

2nd February 2017, 9 years ago | 7

I have 10 Buy to Lets in Kent worth approximately £1.5million before CGT. Mortgages £18,000 year. Yearly rental £85,000. Most...

I have been told Buy to Let is a Win Win – is this true?

Author: Readers Question

1st February 2017, 9 years ago | 21

I’m here for some advice. As a family we are downsizing our house from £580,000 to around £300,000 and looking...

How do I approach my licence application and mortgage lender for consent?

Author: Readers Question

1st February 2017, 9 years ago | 4

I bought a flat in London(residential mortgage), whilst working as contractor close to Brighton. The idea was to move to...

Buying a property with vendors wanting to stay a few months?

Author: Readers Question

31st January 2017, 9 years ago | 30

I plan to buy a house as a buy-to-let investment. The sellers have asked if they can continue to stay...