Renovate To let

Registered with Property118.com
Wednesday 4th December 2013


Latest Comments

Total Number of Property118 Comments: 86

Renovate To let

15:32 PM, 31st January 2016
About 3 years ago

Inherited Freehold situation

Given you now own 3 of the 4 "beers" in the 4-pack and also the company that owns the "wrapper" I would take a long hard look at the whole building and work out how best to maximise value.

For example, can you get more bedrooms, or more flats out of the roof space or by adding a storey to the building? Is there room to extend sideways or backwards to do the same?... Read More

Renovate To let

12:23 PM, 11th January 2016
About 3 years ago

Conflicting advice to Pay down debt or not?

Reply to the comment left by "Neil Patterson" at "11/01/2016 - 11:21":

My view is that each person needs to follow a 3 step process:

1. Define your goals in terms of income and assets, including what you want to leave for future generations. Then produce a summary of "now" in terms of income (job and property), assets, liabilities and a short term forecast for each.

2. Thoroughly read and understand the personal tax changes, the SDLT consultation/proposal document and the latest waffle from the Bank of England re possible BTL "controls".

3. Then meet with your own expert "holy trinity" of solicitor, tax expert accountant and broker and craft a plan based on the informed advice of all 3 (tailored to your situation) to meet the goals.

What is certain is that the changes mean there is NO generic plan that works for all now....and there is no need to panic or jump before full details of each change are known.

I have no idea if its intentional but the issuing of "bombshells" once a quarter that each has insufficient detail to safely plan around is an effective way to batter landlords' morale that's for sure.... Read More

Renovate To let

14:50 PM, 4th January 2016
About 3 years ago

Tenant break-up with rent arrears a surprise lodger and S21 notice

Reply to the comment left by "Nick Pope" at "04/01/2016 - 14:26":

Given this joint tenancy is periodic the person who left could give you proper notice which would end the tenancy for both of them.

Should the remaining tenant (and lodger) not leave at the expiry of that notice you could go straight for possession.

Just another angle you might evaluate.... Read More

Renovate To let

10:32 AM, 14th December 2015
About 3 years ago

Damp and what the correct next steps are?

Reply to the comment left by "Helen " at "14/12/2015 - 09:51":

Hi Helen, glad you found it useful. I aim for an easy life AKA being able to scale my business without it becoming a pain. Any problem I can design out or make simple for the tenant helps.

There are no winners with a mouldy house.... Read More