ED SHIRMAN

Registered with Property118.com
Saturday 29th November 2014


Latest Comments

Total Number of Property118 Comments: 10

ED SHIRMAN

9:20 AM, 8th November 2019
About A week ago

Type of bedroom door locks in HMOs

Hi Mike ,

i must agree and emphasis the message from the other members. You must get in black and white from your HMO officer of the council covering your houses the exact requirement , do not take word of mouth information as gospel , Councils can differ slightly . It should be available on line from them . Ultimately only you as landlord are liable and therefore you must be absolutely certain what is required. Good luck and hope my advice is helpful .... Read More

ED SHIRMAN

12:51 PM, 20th November 2018
About A year ago

Advice about a student property purchase for our daughter?

Hi everyone . Mark , of course the relationship you have with your daughter both now and in the future is a key factor in this as well as your investment objectives. My boys . now men ,and i maintained a very good relationship and they trusted and respected my experience and planning for their futures. I would wish you the same but only you can decide. The handling of maintenance issues etc can be managed by finding trusted local traders and i didn't have any problem when my son lived in his property with other tenants. I didn't find distance as a problem once this was set up . Good financial and man management is of course needed.Nothing comes easy , you have to make it work for you if that's what you want .... Read More

ED SHIRMAN

9:57 AM, 20th November 2018
About A year ago

Advice about a student property purchase for our daughter?

Hi Peter ,the status of the house re HMO classification is dependant on the numbers occupying the premises and the set up of shared facilities , this you must check with the local authority . It is not based on who owns the property.
Ideally i think you should have the house owned by your daughter and she can then claim tax relief on the rent a room basis for example . Also under current legislation , when she decided to sell , it could be considered her primary residence and not pay capital gains tax . Alternatively it could continue as a source of income for her.The key seems therefore to be how you propose to finance buying the property . Hope this helps and am happy to answer other points if it might help . I did the same for my son back in 1998 and built a property portfolio both in a company and personally from that time . I have been involved in HMO's recently with the change to the classification by national Government.... Read More

ED SHIRMAN

9:05 AM, 4th July 2018
About A year ago

Downsizing into our Buy to Let?

Not sure i share your accountants sense of humour! No CGT payable on sale of your primary residence -your home . You are simply moving into another house you own so no extra tax liability as far as i can see . Good luck . Dont forget insurance should be changed on your buy to let becoming your home ie not let out .Good luck .... Read More

ED SHIRMAN

10:31 AM, 13th September 2017
About 2 years ago

Bank of Mum and Dad advice please

Sorry , Neal just re read and saw it is London , but my suggestion still applies , connections are really good now .... Read More