Mark Alexander

Registered with Property118.com
Monday 17th January 2011

Location
Online - founder of Property118.com

Specialisms
Declarations Of Trust

Member of The Landlords Union

Trading Status
Partnership

Insures properties through a broker recommended by Property118
Yes

Rating of Broker (1 - 5 where 5 is the highest)
5

Review of Broker
What I like best about Property118 Landlord Insurance is the price and efficiency at the point of renewal. I've only made two claims, one of which was for substantial fire damage. Both were handled very efficiently.


Latest Comments

Total Number of Property118 Comments: 11204

Mark Alexander

15:59 PM, 19th November 2019
About 17 minutes ago

Tory candidate slammed for 'Tents' comment!

My solution would be to treat them like any other person who commits criminal damage, anti social behavior etc.

I agree they should be evicted and if living in a tent or a car is their only option after the judicial system has dealt with them then so be it. As for being forced to “pick potatoes or any other seasonal vegetables, made to get up at 6pm and having a 6pm curfew after a cold shower”, well that’s just taking things to far!

It scares me that any political party would consider a candidate with such strong views eligible for election as an MP. Surely the Conservative Party must have a better option than to have this man standing for election as an MP in his constituency?

It scares me that ill considered, but well intentioned social media activity by Tory candidates could result in Corbyn obtaining power.

We should be grateful he is not threatening to Nuke North Korea at 3am in the morning by Twitter!... Read More

Mark Alexander

14:26 PM, 19th November 2019
About 2 hours ago

Bare Trust as IHT mitigation tool?

There is, of course, a solution available to the surviving sister in this instance whereby she would not lose her home.

On the death of the first sister the second sister could obtain a lifetime mortgage to pay the IHT.

I appreciate that is the not the outcome that either sister wants, but it might be more preferable than downsizing.... Read More

Mark Alexander

19:34 PM, 18th November 2019
About 21 hours ago

Tenants being quizzed by HMRC

The process for registering as a non-resident landlord is very simple - see https://www.gov.uk/government/publications/non-resident-landlord-application-to-have-uk-rental-income-without-deduction-of-uk-tax-individuals-nrl1

The advantages are being a non-resident landlord are immense from a CGT perspective, so I cannot see any reason for not registering. By doing so, the landlords base cost for UK CGT calculation purposes is automatically uplifted from the original acquisition cost to the Value of the property as of April 2015.

The new changes in regards to not prosecuting tenants for failing to respond are sensible. I agree with CIOT’s concerns and I am pleased they have been addressed by HMRC with common sense.... Read More

Mark Alexander

2:06 AM, 13th November 2019
About 7 days ago

Bare Trust as IHT mitigation tool?

Reply to the comment left by Howard Reuben CeMap CeRER at 12/11/2019 - 15:52
Another way of looking at this is that the sisters would have to live to well beyond 100 years of age before paying more into the policy than they would get out.... Read More

Mark Alexander

14:56 PM, 12th November 2019
About A week ago

Bare Trust as IHT mitigation tool?

Reply to the comment left by Frederick Morrow-Ahmed at 12/11/2019 - 14:40
The following is entirely conceptual and must not be regarded as professional advice.

What if the sisters were to take on a huge dent and to invest the money into a life insurance based bond which was written into trust for each other? Maybe there is a Private Bank out there which could secure the debt against both the property and the bond and use the projected proceeds from the bond as justification for serviceability of the debt?

Such advice would probably need to be considered unregulated on the basis of 'high net worth' status.

Do we have any IFA's who might wish to comment further?... Read More