Registered with
Saturday 24th May 2014

Latest Comments

Total Number of Property118 Comments: 30

Dee Mc

21:24 PM, 18th July 2020, About 2 years ago

Notice to Quit received - first time for everything?

Reply to the comment left by Adrian Jones at 17/07/2020 - 12:10
Hi All. I have the tenant from hell! The sooner she leaves the better! Hopefully she will leave and all will be right with the world. I would just like to tell you all to read the Section 21 notice and make sure you have complied with everything. In my case I have done everything I should do but I did not provide the with “how to rent”. Accordingly I did not serve her with the s21 because she will see there was something I didn’t serve her and may decide to make it an issue. I would suggest we all read everything we should do before, during and after we rent so we are not left with the tenant from hell because the law keeps making it difficult to be a landlord!... Read More

Dee Mc

17:48 PM, 15th April 2020, About 2 years ago

Covid-19 rental advice given by University - Help?

I have been contacted by my student tenants, the day before their rent was due, for a rent deduction in respect of bills (their rent is all inclusive). There is no separate rent or bill figure so in effect they were requesting a discount in general. There was no mention of financial hardship or loss of a job. They are on a joint tenancy, their belongings are still in the property and one tenant is still living there.
Here are the facts:
Some bills are fix, ie not metered (eg water, broadband etc). Others are calculated over the year and divided by 12 on direct debit (gas and electricity). On this basis they are in consumption “arrears” as consumption is higher in the winter months and now the milder months go to offset the colder months. Further, as previously mentioned, the are still receiving student loans etc.
I responded to my students and explained to them about their joint tenancy and the way bills are offset. All rents were paid the next day in full. I think, in some case, some are seeing the current situation as a reason for a discount or worse non payment of rent (I guess it’s the old saying don’t ask don’t get and the worse situation is you get a no). I contacted my agent who arranged rent guarantee to see what the position was regarding non payment of rent for future reference and was advised that the current situation had no effect on my guarantee. Of course I have not tested this and the position may change with time but worth checking if you have rent guarantee what your position is if your tenant does not pay their rent in full.... Read More

Dee Mc

15:18 PM, 10th October 2018, About 4 years ago

Potential Budget CGT relief and profit split for selling to long term tenants?

Reply to the comment left by Mark Alexander at 10/10/2018 - 15:07
I'm seriously giving it consideration. Was in Malta last year but only for a week. Would definitely agree you are at the nice end of the Island.

I had no desire to leave the UK but sadly it seems the Government are leaving good landlords little or no choice.... Read More

Dee Mc

14:49 PM, 10th October 2018, About 4 years ago

Potential Budget CGT relief and profit split for selling to long term tenants?

What about someone who owned their property for say 25/30 years but say let it out for 3 or 4 years during this time? Currently, it would be highly unlikely they would have to pay any CGT even if they had a substantial profit. Now if the relief is reduced even further to 6 months and letting relief is removed they could now be facing a CGT bill when selling their home.

TBH I don't know why the government doesn't just go straight for the throat. Remove all relief and tax the PRS at 100%! Mark where in Malta did you say was nice?... Read More

Dee Mc

10:01 AM, 2nd March 2017, About 5 years ago

Subletting to spouse for tax purposes?

Hi Mark

So basically are you saying we can restructure our property business without any changes to the title deeds at HM LAND registry so therefore no need to inform our mortgage provider?

Also a private consultation can advise us how to structure our business in a way to fully utilities our tax allowances, not change the title deeds at HM LAND registry, not have to advise our mortgage provider and be designed in such away that it can be varied at anytime with little or no fuss to suit our needs or change in circumstances? If so, this sounds like what we need. Also, will the consultation be able to advise on the effects should there be a divorce.... Read More