Readers Question

Relocating abroad made difficult by lender?

Author: Readers Question

5th July 2016, 10 years ago | 2

I am moving abroad at short notice and am only 5 months into a 5 year fixed mortgage. I asked...

Thinking out of the box or garage?

Author: Readers Question

5th July 2016, 10 years ago | 10

I would like to ask the views and tap into the wealth and experience held within the property 118. I...

Cheque not cashed – Help!

Author: Readers Question

4th July 2016, 10 years ago | 4

In July last year I let one of my houses to an HB tenant. The rent is £765 pcm with...

property118

Tax Notification on transfer to joint names?

Author: Readers Question

4th July 2016, 10 years ago | 4

For tax efficiency purposes I had a property put into joint names – a transfer of title exercise. Is there...

Buying a repossessed flat and asked to pay for previous works?

Author: Readers Question

4th July 2016, 10 years ago | 6

I’m ready to exchange on a repossessed flat. I’m required to pay a hefty bill for works completed earlier this...

Tenant claims against property not registered as an HMO?

Author: Readers Question

4th July 2016, 10 years ago | 4

Does anyone know: if a property should have previously been registered as an HMO but is only now in the...

Short term letting

Author: Readers Question

1st July 2016, 10 years ago | 3

I am planning on renting my flat out on short term lets i.e. not ASTs. My lease has 2 clauses...

Split general expenses across my JV portfolio for tax return?

Author: Readers Question

29th June 2016, 10 years ago | 1

I have now bought 2 additional properties on top of the one I already owned (100%). These 2 new properties...

Expensive quotes for new build?

Author: Readers Question

29th June 2016, 10 years ago | 14

I have Planning Permission to build a 2 bed end of terrace house with gross internal floor space of 79sqm...

I want to place a BTL Mortgage in a Family Trust?

Author: Readers Question

29th June 2016, 10 years ago | 8

I want to remortgage my BTL flat with a Lender that will allow me to Transfer the Property into an...

Stop the Land Registry being sold off

Author: Readers Question

29th June 2016, 10 years ago | 2

In case Property 118 members don’t already know, the government has revived its proposal for selling off the Land Registry...

No lawn mower and entering the property while I am away?

Author: Readers Question

29th June 2016, 10 years ago | 6

I live in a rented property with my two sons. It has a massive garden and we do not have...

BREXIT, SDLT and Interest Tax Relief

Author: Readers Question

28th June 2016, 10 years ago | 7

With Brexit starting to hit the housing market isn’t it now an ideal time for the chancellor to drop the...

Caught out by tenant paying council tax at another property?

Author: Readers Question

27th June 2016, 10 years ago | 35

I am in quite dire need of advice. The local council (Shrewsbury) made me liable for my tenants’ unpaid council...

Still in loss so why taxed on single-year profit?

Author: Readers Question

27th June 2016, 10 years ago | 14

I have submitted my tax return (SA100/SA105 etc) for 2015-16, which is the first year for which I have made...

SDLT on jointly inherited property that is main residence?

Author: Readers Question

27th June 2016, 10 years ago | 3

I have a query regarding SDLT and transfer of equity on a jointly inherited property. I have inherited a 50%...

Have to sell my property prematurely – do tenants deserve compensation?

Author: Readers Question

27th June 2016, 10 years ago | 12

In June 2014 I bought a property as a retirement investment in Cornwall. It is in a lovely spot just...

Switching AST to holiday let then back again

Author: Readers Question

23rd June 2016, 10 years ago | 1

We have a property that has been let on ASTs for many years. Last financial year we decided to try...

Changing a contract that includes Council Tax?

Author: Readers Question

23rd June 2016, 10 years ago | 0

Following on from my post on having my self contained units separately valued for council tax I now have the...

Should I fix my mortgages longer term?

Author: Readers Question

23rd June 2016, 10 years ago | 2

I just wondered what people think to this. I have 3 BTL mortgages. 1 fixed mortgage is up in December...

Npower want to make me liable for unpaid utility bill in the name of my letting agent

Author: Readers Question

22nd June 2016, 10 years ago | 8

My letting agent is supposed to fully manage the property, collect the rents, pay all bills, and pay me an...