JB

Registered with Property118.com
Tuesday 23rd May 2017

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 110

JB

9:05 AM, 22nd May 2020
About a month ago

Uni tenant demanding 3 months rent for water damage?

I had a similarish situation and the tenant went to live with his girlfriend and I think it was the NLA (sorry poor memory) who told me that he couldn't justify any claim as he had left of his own accord.... Read More

JB

11:03 AM, 21st May 2020
About a month ago

How to avoid Inheritance Tax (For Landlords)

My property company has just taken out a 'Relevant Life Plan' for the 'Life of Another' (me) which has been set up under trust for the benefit of my children. The premiums are paid for by the company but as the company doen't benefit from any payout, the premiums are tax deductible.
Any payout will not form part of my estate so will be inheritance tax free.... Read More

JB

9:35 AM, 20th May 2020
About 2 months ago

Bounce Back Loans for property businesses - Part 2

Reply to the comment left by Paul Shears at 20/05/2020 - 09:11
I may have to give in and change the account I use at Lloyds to a business account.... Read More

JB

8:12 AM, 20th May 2020
About 2 months ago

Bounce Back Loans for property businesses - Part 2

Reply to the comment left by Paul Shears at 19/05/2020 - 23:55
From what I understand it must be paid into the business account from which you run your business.

With Lloyds you cannot get to the application form if you input current account details. They say:
'You must be:
Using your Lloyds Bank Business Current Account as your main business account '

Starling Says:
'Required criteria to be eligible for a Bounce Back Loan:
Be a Starling business account holder, using this as your main account'

Similar with Santander, TSB and Barclays. I'd be interested to know how other people are getting past this.... Read More

JB

18:25 PM, 19th May 2020
About 2 months ago

Bounce Back Loans for property businesses - Part 2

Reply to the comment left by James Palmer at 19/05/2020 - 15:56
Hi James
Don't you have to have the money paid into the business account which you use for your business?... Read More