Paul Baker

Registered with Property118.com
Wednesday 7th May 2014


Latest Comments

Total Number of Property118 Comments: 26

Paul Baker

17:56 PM, 27th May 2019
About 4 weeks ago

BTL to Holiday Let

I have a holiday let in Cromer which does very well. We do use Cottages.com & they do take a hefty fee but it works well for us. Running a holiday let is much more time intensive than the BTL's which I have, it's like running a hotel with bedding, towels, tea & coffee and of course TripAdvisor reviews and Reevo reviews to manage.
For your property to actually qualify as a FHL it must actually be successful, it's not sufficient to simply declare it as a FHL, it must prove itself for the tax breaks. I've copied a few lines below:

For the first 12 months of being a FHL, your property will effectively be in a ‘probationary’ period. During this time, the potential and actual availability of your property will be reviewed and for your FHL status to become a more permanent feature, your property must:
be available for 210 days (30 weeks),
be let commercially as a holiday property for 105 days (15 weeks)
and if occupied for more than 31 days by the same person/people, there must not be more than 155 days (total) of such longer lettings.
Days you, your friends or family spend in the property, for free or at a discounted rate, do not count towards the total occupation requirements.... Read More

Paul Baker

13:21 PM, 20th January 2018
About A year ago

Grant Funding To Improve Energy Efficiency Of Rental Properties

Although the article refers to 'targeting non-gas homes' I would also like to know if there's any help available to my tenant who is on benefits & rents my property which has a Bermuda Back Boiler which has an efficiency rating if E... Read More

Paul Baker

17:03 PM, 27th May 2017
About 2 years ago

As Freeholder what can I amend in the Lease?

Since the property was converted 30 years ago the freeholder also owned the downstairs flat until last year when he sold the downstairs flat although he extended the lease for the downstairs flat prior to the sale. I don't know who the new owner is of the downstairs flat but I'm on good terms with the Freeholder and am confident that he will sell the Freehold to me later this year.... Read More

Paul Baker

18:59 PM, 25th May 2017
About 2 years ago

As Freeholder what can I amend in the Lease?

I took your advice Neil & looked at the lease.org website and can probably answer my own question now! Many thanks again. If necessary I can take the matter to the First-tier Tribunal:

An individual party to a lease can make an application to a First-tier Tribunal (Property Chamber) to vary the lease under the provisions of Part 4 Section 35 of the Landlord and Tenant Act 1987. However the grounds for a compulsory lease variation are limited. The grounds under which you can make an application are:
• The lease has inadequate provisions relating to the repair/maintenance of the flat or building.
• The insurance provisions of the lease are inadequate.... Read More

Paul Baker

16:32 PM, 25th May 2017
About 2 years ago

As Freeholder what can I amend in the Lease?

Thank you Neil. I have owned the flat since 1992 and the insurance issue was first flagged up to me by my solicitor just prior to exchange. I have always been able to insure the flat without too much difficulty, although some of the mainstream providers won't offer cover but many others have done.... Read More