Graham Bowcock

Registered with Property118.com
Saturday 22nd October 2016


Latest Comments

Total Number of Property118 Comments: 176

Graham Bowcock

13:29 PM, 27th April 2021
About 2 weeks ago

Removing Sister from a joint ownership property?

Reply to the comment left by NewYorkie at 27/04/2021 - 12:27
As a valuer who deals mainly with disputes, I am increasingly having to risk assess access to some properties. I am surprised by nothing these days and the "entitlement" phenomena is getting worse.... Read More

Graham Bowcock

12:23 PM, 27th April 2021
About 2 weeks ago

Removing Sister from a joint ownership property?

Reply to the comment left by MargaretM at 27/04/2021 - 11:56
Sorry Margaret, I misread that, you are quite correct.... Read More

Graham Bowcock

11:40 AM, 27th April 2021
About 2 weeks ago

Removing Sister from a joint ownership property?

As said by others - get yourself a good property/family lawyer.

As is often the case, your post raises as many questions as there are answers

You have said that your are collecting rent and may therefore have created a tenancy - if this is so then your sister may have rights as a tenant. Tread carefully. Occupation can be different from ownership.

I would not get utilities cut off (if you do have a landlord/tenant situation then that is harassment). How did the utilities get into your name? Did you agree? Why can't you get them changed to your sister's name?

Your simple question may not have a simple answer.... Read More

Graham Bowcock

16:08 PM, 17th April 2021
About 3 weeks ago

Business Asset Roll-over relief for residential BTL?

Rollover relief is available for sole traders or partnerships, but it's not available in respect of residential property.... Read More

Graham Bowcock

16:58 PM, 30th March 2021
About a month ago

Best for revaluation - vacant possession or sitting tenant?

It depends on the type of property really. I transferred some houses from partnership to limited company in December and the lender had them valued. It wasn't clear that the valuer chipped the values due to the tenancies, so in essence not really any difference.

As a valuer myself, what leads to values being reduced significantly is where lettings are not compliant. Just completed one this afternoon - no documentation, no electric check (and wired fuses), no smoke alarms. Value is definitely impacted.

If the property is actually let then that is a matter of fact and the valuation should be on that basis. If the VP price still gives a reasonable return, then shouldn't be a problem either way.

Your best bet is to speak to a local valuer and find out what would suit you best from them.... Read More