AST Clauses, Holding Deposits and Affordability Checks
Author: Simon Coppen
5th March 2014, 12 years ago | 61
Simon Coppen
Simon Coppen
Registered with Property118.com
5th March 2014
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Reply to comment left by Simon Lever at 17/03/2018 - 12:31
Reply to the comment left by Simon Lever at 17/03/2018 - 12:31Even down south, a non earning spouse with a couple of mortgaged BTLs won't make enough profit to use up their tax free allowance. Using an accountant would just...
Read More →15th March 2018, 8 years ago
If you want to maximise your tax liability you need to swap over your beneficial ownership percentages. However, if you want to minimise it, as Neil says, your plan sounds good! I personally have both our properties fully in my...
Read More →Reply to comment left by David Price at 06/02/2018 - 13:24
Reply to the comment left by David Price at 06/02/2018 - 13:24Thanks David. I probably will cut future ASTs down to 6 months, especially if I use a DOA for tenants wanting longer term assurance (since the tenant can't enforce...
Read More →6th February 2018, 8 years ago
David, I'm looking to tweak my ASTs, which are based on the gov.uk template, so that any periodic tenancy is contractual. Some people are claiming online that if you have a fixed term (i.e. with end date), and then a...
Read More →Reply to comment left by Mark Alexander at 23/01/2018 - 16:26
Reply to the comment left by Mark Alexander at 23/01/2018 - 16:26Thanks Mark, DOA template duly purchased! This is likely to be useful with some existing tenants who were keen for a long agreement 11 months ago, but I was...
Read More →Reply to comment left by Martin Dance at 23/01/2018 - 11:50
Reply to the comment left by Martin Dance at 23/01/2018 - 11:50Martin, I've only ever used their £97+vat advertising, referencing and rent guarantee package, but have always been pleased with the service. Obviously this type of package doesn't require much...
Read More →23rd January 2018, 8 years ago
If say offering a 3 year DOA, would there be any point in renewing the AST when it expires? I presume the tenancy may as well go periodic for the next 2+ years - I can't think of any disadvantages...
Read More →30th May 2014, 12 years ago
One look at the table and you can tell it's a load of rubbish, HSBC can't even get the title right. Over a 1,000 cities and towns in England alone and they reckon a 3.3% yield is a "Top 50"...
Read More →Reply to comment left by Mark Alexander at 26/03/2014 - 18:45
Reply to the comment left by "Mark Alexander" at "26/03/2014 - 18:45": I believe that buying two properties at 75% LTV wins every time (for both income and capital growth), so long as the BTL interest rate you're on isn't...
Read More →20th March 2014, 12 years ago
Just voted too, best of luck Mark! P118 has become my "go to" site for everything property/landlord related. The knowledge and advice from the contributors is invaluable, and very much appreciated! Although there are a lot of interesting financial and...
Read More →18th March 2014, 12 years ago
So no one has a legal responsiblity to fix the fence, unless the landlord included it in the inventory where there may be an 'implied obligation' to repair it. Poor fence. The patio doors would I presume fall under the...
Read More →17th March 2014, 12 years ago
Thank you for pointing out my misinterpretation of LA, I was recently in a conversation where it was being used for Letting Agent! I do hope that the landlord and agent get their fingers out, it's unfortunate that neither seems...
Read More →17th March 2014, 12 years ago
Is there another issue that has been missed here - it appears, from the last paragraph of the original post, that the tenants are also the letting agents? Maybe the tenants are not directly involved with the letting of this...
Read More →Reply to comment left by Mary Latham at 10/03/2014 - 17:59
Reply to the comment left by "Mary Latham" at "10/03/2014 - 17:59": Mary, you certainly do sound like the perfect landlord and I'll be striving to match the example you set! Thanks for sharing your approach. ps. I don't know...
Read More →Reply to comment left by Eleanor White at 10/03/2014 - 16:06
Reply to the comment left by "Eleanor White" at "10/03/2014 - 16:06": I fully understand your numbers thanks Eleanor, nice and clear and very true! You could of course look at things the other way around though - £50 over...
Read More →Reply to comment left by Mark Alexander at 10/03/2014 - 15:20
Reply to the comment left by "Mark Alexander" at "10/03/2014 - 15:20": Thanks Mark for the warning about adding on a maintenance charge. Unfortunately it's not allocated parking at the property. I'm sure there's some sort of order, but it's...
Read More →Reply to comment left by Eleanor White at 10/03/2014 - 12:39
Reply to the comment left by "Eleanor White" at "10/03/2014 - 12:39": Many thanks Eleanor for your comments, especially regarding gaining permission from the agent for using their photos and advertising early (I wouldn't be doing viewings before completion). The...
Read More →10th March 2014, 12 years ago
Messy indeed... If there's an implied obligation that everything provided by the landlord should be kept working, then should we not be changing batteries in smoke detectors, CO alarms and wall clocks too...? Not quite the same thing I know,...
Read More →Reply to comment left by Mary Latham at 09/03/2014 - 11:36
Reply to the comment left by "Mary Latham" at "09/03/2014 - 11:36": Thanks for your comments Mary, you and everyone else have convinced me to take out the appliance clause. I suspect a lot of tenants wouldn't notice or worry...
Read More →9th March 2014, 12 years ago
I agree that getting perfect photos would be worth a couple of days rent. Unfortunately though the purchase has taken longer than it should have and we're now likely to be completing 8 days before we go on holiday. If...
Read More →Showing 20 of 30 comments