April

Registered with Property118.com
Thursday 24th November 2016


Latest Comments

Total Number of Property118 Comments: 22

April

19:39 PM, 25th February 2021
About 2 days ago

Can I report this to the police for fraud as UC might not do anything?

If your MP can't help it could be time for the newspapers...... Read More

April

13:29 PM, 25th February 2021
About 2 days ago

Can I report this to the police for fraud as UC might not do anything?

Reply to the comment left by Bill irvine at 25/02/2021 - 13:13
Goodness. I can hardly believe that MPs have so little clout these days 🙁 But your method of writing to the Council's Chief Executive appears to be worthwhile. I hope this helps Jaye. Perhaps he could try both and report back whether either course of action got him to where he needs to be.... Read More

April

12:34 PM, 25th February 2021
About 2 days ago

Can I report this to the police for fraud as UC might not do anything?

It really shouldn't take 2/3 years if you get your MP involved. We, at HMRC, when we had months of old post sitting in filing cabinets, used to run around like headless chickens when we got an "MP Complaint Case". It didn't even sit on anyone's desk. We had to drop what we where doing and deal with the file immediately and then it was taken to the next person's desk for them to do the same. We usually dealt with them on the day of receipt if at all humanly possible.... Read More

April

11:11 AM, 25th February 2021
About 3 days ago

Can I report this to the police for fraud as UC might not do anything?

If I were you and you have no confidence the UC won't pursue because they did not act on your previous communications I would contact their boss (i.e. your MP). When I worked at HMRC as soon as we got an MP complaint letter we jumped to it and I suspect the same will be the case if you complain about the UC delays. It is their job to pursue the tenant for any money they paid the tenant during the period when they should have been paying you direct had they not delayed. I would find out who your MP is and write to them to explain the situation asking that UC pay the outstanding rent because their delay has impacted on your income and that they pursue the tenant for repayment of the rent that was paid by them to the tenant while they were delaying what was the correct procedure. They should have actioned your request more quickly and their delay has led to your loss. Please let us know how you get on.... Read More

April

9:40 AM, 6th January 2021
About 2 months ago

Sell it or rent it?

Hi Alan
I'm sure you'll get a lot of good advice and you'll be able to sift through and make the decision that's best for you. I don't know what the property you own is worth or how much net income you make from that property but I don't think you'll make anywhere near that amount of income from investing the net capital (after CGT) that you'd make if you sold this property. You could take on an agent to sift through the tenants at around 10% + VAT and pay for an insurance policy to cover rent not being paid. This might impact on you monthly income but it would give you peace of mind. However, if you're not worried about keeping the capital intact as an inheritance, and for what it's worth, I think I've already given my children their inheritance by looking after them and giving them the best education and start in life I could, you could take the value of the property and invest it at a low rate of interest but also take the equivalent of the net rental every month out of the account in which you hold the proceeds. So, if you make, say, £200k on selling the property and you make, say, £500pm you would have £500pm for 400 months i.e. 33+ years. And you'd have the flexibility to spend less in one month and more (a lot more if you had a big expenditure to cover) in another month. My advice, on balance, would be to sell.... Read More