Readers Question

No signed contract with agent and inventory not up to date

26th January 2016, 11 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, 11 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, 11 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, 11 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, 11 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, 11 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, 11 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, 11 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, 11 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, 11 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, 11 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, 11 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, 11 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, 11 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, 11 years ago | 4

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

Help my tenant wants a section 21?

Author: Readers Question

15th January 2016, 11 years ago | 13

Help, my tenant is causing damage to the property and have been there just over 2 years now on periodic...

New Plastic fuse board? No it’s got to be Metal today!

Author: Readers Question

15th January 2016, 11 years ago | 21

Today the electrician came to do a 5 year routine test. Twas rewired 5 years ago, brand new plastic fuse...

Additional stamp duty deadline for Land Registry?

Author: Readers Question

14th January 2016, 11 years ago | 20

I am in the process of buying a second property (eighth actually) and will be “Completing” prior to 1st April...

Is gas a legal requirement?

Author: Readers Question

14th January 2016, 11 years ago | 16

We are about to start building 8 flats, it is in fact an extension on to the rear of an...

Maybe I shouldn’t give up so easily?

Author: Readers Question

13th January 2016, 11 years ago | 12

I have 4 BTL’s and have decided against buying any more, but I have a niggling feeling that I shouldn’t...

Do vacant or tenanted properties yield higher or lower valuations?

Author: Readers Question

12th January 2016, 11 years ago | 7

I remember an agent explaining there is a difference in a valuation if the property is tenanted or vacant at...