Readers Question

Has Holding Deposit turned into Security Deposit?

Author: Readers Question

19th December 2015, 10 years ago | 16

I’ve taken a deposit of £400 from a tenant in order to ‘secure’ a room for her (a holding deposit)....

Would cellar flood if Tanking compromised by drainage system?

Author: Readers Question

18th December 2015, 10 years ago | 1

Would installing a drain and pump system into a tanked cellar to solve minor damp and condensation problems risk flooding?...

Mortgage Express Buy to Let end of term issue

Author: Readers Question

18th December 2015, 10 years ago | 6

I have 3 Mortgage Express buy to let’s. They were taken out in 2005 for 10 years interest only (although...

Right to Rent checks timing question

Author: Readers Question

17th December 2015, 10 years ago | 6

My question is when are the checks supposed to be done the code of practice guide states “Right to rent...

Consumer Rights Act 2015 and where we stand?

Author: Readers Question

16th December 2015, 10 years ago | 8

A steer on the impact of the Consumer Rights Act 2015 with regard to letting agent fees would be appreciated....

Capital Losses Claim on Overseas property Sale?

Author: Readers Question

15th December 2015, 10 years ago | 1

My wife and I own an apartment at Punta Prima on the Costa Blanca, Spain. We have decided to sell...

Section21 1 b notice served in 2013

Author: Readers Question

15th December 2015, 10 years ago | 23

We would very much appreciate the benefit of your advice. Our tenant has been in the property since 1 June...

Commission on Lettings – where do we stand?

Author: Readers Question

14th December 2015, 10 years ago | 4

I would be most grateful if you would kindly advise me on the following matter: 1) Our owner (a client)...

Land query rights

Author: Readers Question

14th December 2015, 10 years ago | 4

I own an end terrace in a row of 5. My terrace has a triangular piece of land at the...

Buying a Tenanted property with Section 21 served by current landlord

Author: Readers Question

11th December 2015, 10 years ago | 15

I am in process of buying my first Buy to Let investment property. The current tenants have been living in...

When should you or your investors declare interest earned?

Author: Readers Question

10th December 2015, 10 years ago | 4

I used money lent to me by individuals for property purchases and one of them has decided to leave both...

Renting out to prospective buyer?

Author: Readers Question

10th December 2015, 10 years ago | 5

We are selling our flat and its a leasehold. Exchange date was set for the end of November and buyers...

Agency not a redress scheme member and Trading Standards okay about it!

Author: Readers Question

9th December 2015, 10 years ago | 5

I reported an agency for not being a member of a redress scheme (they’ve been in business for over 30...

Capital Gains Tax post divorce settlement

Author: Readers Question

9th December 2015, 10 years ago | 1

If I receive a transfer of a rental property as part of a divorce settlement is there a Capital Gains...

Am I responsible for the deposit money paid to my brother?

Author: Readers Question

8th December 2015, 10 years ago | 15

Hi all I hope someone can help on this peculiar situation. A tenant was signing up to a lease with...

Damp and what the correct next steps are?

Author: Readers Question

7th December 2015, 10 years ago | 39

Tenant has just reported damp in many rooms of a small 2 room terraced property. Visited the property 8 weeks...

Insurance premium not paid but owner now wants to make a claim?

Author: Readers Question

7th December 2015, 10 years ago | 5

I own one of five flats in a converted house and as I’m the underlessor am responsible for obtaining and...

Is there really no way to remortgage my BTL as my son lives there?

Author: Readers Question

7th December 2015, 10 years ago | 1

In 2014 I was able to buy my sister’s 4 bed BLT using my inheritance and some of my pension...

Neighbouring Property Drainage Issue – should I just sort it?

Author: Readers Question

7th December 2015, 10 years ago | 3

My Girlfriend owns a house that we both live in. It’s basically the first house in a row of terraces...

AST in previous landlords name – can we issue Section 8/21?

Author: Readers Question

4th December 2015, 10 years ago | 8

We bought a flat with a sitting tenant on an AST. We did not need to occupy it ourselves at...

Strategy for a Second property we will let for 2 yrs max

Author: Readers Question

4th December 2015, 10 years ago | 12

We will be downsizing in next 2-3 years so are buying a 2 bed bungalow in same area as current...