Richard York, Author at Property118

Richard York

Lucky you, discretion of the scheme I suppose.

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CGT on Compulsory Purchase Order sale?

21st December 2018, 7 years ago

Bit worried you got a 'home loss payment' in the CPO, considering you weren't living there. Normally you will only qualify if you actually are resident.

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"implicitly show tenants who’s in charge" I'm afraid that if you've taken this view you've lost already and will attract tenants who you need to be in charge of (low income, irresponsible) The best tenants expect a client/service provider relationships...

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Renting and Bunny Business?

13th March 2017, 9 years ago

Chickens and rabbits exempt from any prohibitions, it seems: https://www.property118.com/landlords-must-let-tenants-keep-chickens-and-rabbits/10688/

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With the revenge eviction law, you won't be able to evict for 6 months after the receipt of the council notice. You can then issue a notice after that period has elapsed, so the earliest you can get them out...

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The worry is that lenders would force landlords to sell or put them through a margin call. It's all in the T&Cs - lenders can call mortgages in any time.

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Look also very carefully at if they might be eligible for housing benefit - you may be able to estimate yourself based on your knowledge of their situation with the online calculators available. Many people will tell you never to...

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Careful on the value of the properties - if they are greater than £500k on aquisition, from 1st April 2016 properties in the higher tax bands will attract the "Annual Tax on Enveloped Properties" if they're not let out (I...

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Reply to the comment left by "James dengel" at "26/11/2015 - 09:16": "Also note they are expanding buy to let to 5% deposit and up to 40% provided by the government. So not only will the Goverment be spending Billions...

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I genuinely think a default "yes" position on this would help to improve tenant's attitude towards renting. Also - it's possible to obtain tax relief on maintenance now. Repaint the place afterwards and you can reduce your tax bill. It's...

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Reply to the comment left by "Richard York" at "17/11/2015 - 12:24": Might also be worth saying that the landlord here said he was going to fit his own fan as a replacement. I wonder if he also fitted the...

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Reply to the comment left by "Luke P" at "16/11/2015 - 23:11": From the first post "The landlord is not in breach of his covenant to repair until he has notice of the disrepair and a reasonable time has elapsed...

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Why Osborne’s Buy to Let Tax Grab is Flawed

15th November 2015, 10 years ago

Might be worth pointing out that: The US, Japan and Spain allows full interest reduction for OO (up to a certain allowance) - so you can't really compare these. The "playing field" between OOs and owner occupiers is the same....

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Multi-decade rental lease required?

10th November 2015, 10 years ago

I'm no lawyer, but sounds more like you're after a short leasehold flat/house. In exchange for a fairly hefty lump sum to the freeholder, you'd gain all the rights you're after and a lease would be created. It could even...

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Reply to the comment left by "Charles King - Barrister-At-Law" at "30/10/2015 - 11:58": Appreciate the candour from Charles, and I didn't realise that is how it worked - I would add one point. Whilst not banning holding deposits (which...

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Reply to the comment left by "Anna Ag" at "30/10/2015 - 07:56": Absolutely - which is why the holding deposit really is a bit of a grey area. In the majority of cases a tenant dropping out will not be...

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I'm afraid I have to disagree with the comments of others on this thread. The real question is, was the tenant aware of the these terms prior to paying the deposit? Whilst I appreciate that your terms were fairly standard...

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"He shows aggression, poor communication and a rude attitude treating me like his servant etc." I don't condone being rude, but I do think realising he is a paying customer is important. "Recently he refuses to make phone or applications...

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The real problem is that the conservative government have already started a scheme where they confiscate property from private entities (charities) in the form of right to buy on housing association properties. This really does destroy the whole moral argument....

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Richard York

Richard York


Registered with Property118.com

14th September 2015

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