JC

Registered with Property118.com
Monday 11th June 2018

Location
London

Insures properties through a broker recommended by Property118
No


Latest Comments

Total Number of Property118 Comments: 9

JC

17:19 PM, 30th April 2020
About 2 months ago

Setting up a Management Company make sense?

That is what I am trying to highlight, surely, unless you are using the limited company for more sophisticated structure like family company structure, inheritance, company to company loan, to obtain entrepreneurs relief etc... (which is only 9% savings anyway), surely 15% reduction of rental is nor here nor there. Am I missing a bigger picture here?... Read More

JC

16:58 PM, 30th April 2020
About 2 months ago

Setting up a Management Company make sense?

What is the advantage of the structure suggested.
If you are the owner and you managing your own properties, all your income and expenses are calculated as if you are a sole trader running a property business. What is the advantage of creating another entity (limited company) in between. There can't be that much of tax advantage to be had after accountancy fees and paperwork involved.... Read More

JC

21:00 PM, 28th March 2020
About 3 months ago

Covid-19 - Which BTL Lenders Are Playing Ball?

Reply to the comment left by Mark Alexander at 26/03/2020 - 15:54Cash is king in this current climate. The mortgage lenders I have all reassured me that credit file will NOT be affected. You cannot be too safe with your finances at this current state of affairs, and most things will be a fraction of the price for the next few months.... Read More

JC

17:29 PM, 24th March 2020
About 3 months ago

Gas Safe - Advice and suspension of Safety inspections

Quick question, I had one of my gas safety cert done 2 weeks ago but the gas engineer did not look at the previous certificate which was with the tenant who did not volunteer to show the previous gas safety certificate which was only due in 2 months time (May 2020). So the gas safety certificate issued states the next check is due 12 months from the day he checked it and not the supposedly 14 months (May 2021). He told me that because the previous certificate was not shown to him at the time, he is no longer able to re-issue another gas safety cert.

What can I do to get the 14 months gas check reinstated?... Read More

JC

14:46 PM, 12th February 2020
About 5 months ago

Mortgage on ex-LA going at auction?

I have no direct personal experience but my cousin who has a ex-council flat has serious issues getting it sold to someone who needs mortgage to buy. Effectively, the buyer has to buy with cash.
I think this is something to do with compulsory purchase order or along those lines where the council can exercise their right to buy back the property at a reasonable price at any point and mortgage companies do not like that.... Read More