Readers Question

Should commercial tenant pay for Periodic Electric Condition Report?

Author: Readers Question

28th January 2016, 10 years ago | 12

We own a commercial building of roughly 6000 square foot. We bought this building in June 2014 for the purposes...

HMO or straight unfurnished let?

Author: Readers Question

28th January 2016, 10 years ago | 11

We are about to purchase our second investment property in SE London. It’s a 2 bed semi and could easily...

Marriage break up and loss of job will turn into DSS tenancy

Author: Readers Question

28th January 2016, 10 years ago | 13

Tricky situation: I have a sole 3 bed BTL property and have a really nice family in it who both...

Should I have issued new deposit protection documents for second fixed term?

Author: Readers Question

27th January 2016, 10 years ago | 4

I was letting my property to tenants who wished to continue after the fixed term lease expired. Instead of letting...

I sublet property and moved out 6 months ago but now worried about Landlord losses

Author: Readers Question

27th January 2016, 10 years ago | 6

I rented 4 bed property, and sublet three rooms, finding sublet tenants from Gumtree, and the contract finished on 20th...

Turns out a property I bought over 2 years ago has a charge against it?

Author: Readers Question

26th January 2016, 10 years ago | 16

I bought a house over 2 years ago to rent out, all went well until about 3 months ago when...

No signed contract with agent and inventory not up to date

Author: Readers Question

26th January 2016, 10 years ago | 11

I’m not an experienced landlord & only started renting out my house last year, following relationship breakdown. I’ve used a...

Inherited Freehold situation

Author: Readers Question

26th January 2016, 10 years ago | 13

I have inherited a situation I don’t fully understand and wonder if anyone can clarify how things should work please....

I ended up with court summons and debt collection for a 2 day Council tax bill !

Author: Readers Question

25th January 2016, 10 years ago | 5

Neither the letting agent nor the tenant registered council tax at the beginning of the tenancy half year ago. The...

Is Rightmove snitching to Mortgage Express?

Author: Readers Question

25th January 2016, 10 years ago | 2

The dreaded MEX review has led to ruin for many, so it is wise to avoid triggering one. I would...

Buy with cash or mortgage my first BTL property?

Author: Readers Question

25th January 2016, 10 years ago | 19

I’m in the fortunate position to have enough cash to buy a rental property outright. The home I live in...

HMO Gross Yields and what is reasonable?

Author: Readers Question

25th January 2016, 10 years ago | 19

I have recently seen an advert for a HMO for sale offering a 12.2% gross yield. As someone who operates...

Issues with changing monthly to weekly rent payments?

Author: Readers Question

21st January 2016, 10 years ago | 18

I have a tenant who is terrible at paying his rent. He does pay, eventually, but is bad with money...

Deposits and Section 21s

Author: Readers Question

21st January 2016, 10 years ago | 11

Does one have to re-register deposits on a renewal or even a periodic tenancy please? I read somewhere that there...

Hold your horses – Does c24 make Ltd more attractive?

Author: Readers Question

20th January 2016, 10 years ago | 6

I’ve been running some sums myself with reference to my future purchases in the BTL arena background here: https://www.property118.com/conflicting-advice-pay-debt-not/83469 I...

Problems with Barrister in freehold flats

Author: Readers Question

20th January 2016, 10 years ago | 6

A friend of mine is the owner of a freehold flat, first floor,with similar flats one above and one below....

Off plan purchase delays – Advice on stamp duty/mortgage

Author: Readers Question

19th January 2016, 10 years ago | 5

Due to events outside of our control we exchanged on an off-plan new build apartment on 1st December 2015. Our...

Investment strategy for a 55 year old?

Author: Readers Question

19th January 2016, 10 years ago | 24

My fundamental question is “what property investment strategy would you recommend for a 55 year old starting out today?” The...

Warning letter template?

Author: Readers Question

18th January 2016, 10 years ago | 2

Does anyone have a template letter warning tenants? Our tenants are manly students and we don’t have many problems with...

How to reduce costs in first HMO?

Author: Readers Question

18th January 2016, 10 years ago | 8

I am creating my first HMO. I am installing a Hive thermostat to control heating and water remotely, replacing all...

First time Buy to Let buyer looking for advice on the risks?

Author: Readers Question

18th January 2016, 10 years ago | 4

I am looking for some advice. I’m a 21 year old who is in full time employment earning £21,000pa +...