Bill O'Dell

Registered with
Tuesday 14th July 2015

Trading Status

Insures properties through a broker recommended by Property118

Latest Comments

Total Number of Property118 Comments: 49

Bill O'Dell

11:15 AM, 4th September 2020
About 2 months ago

Can one buy a property for a friend and charge him rent?

It might be easier to lend your friend the deposit, let him buy the house and you have a second charge on the property behind the mortgage company. Exchange letters with a fixed time period for the repayment of the loan, and an interest charge in the interim. The letter should specify how a sale is to be conducted if he cant repay the loan. You may want to get a solicitor to draw the agreement up.
He gets the capital gain, you have secured debtor and an income of the interest and a remedy if he cant or wont buy.... Read More

Bill O'Dell

19:33 PM, 6th August 2020
About 2 months ago

Council tax department want copy tenancy agreement?

The areas I operate in require evidence of the course the student is on and the university have a process for providing certificates for students. Just send this in. As landlord of an HMO you are responsible for the Council Tax, irrespective of what your Tenancy says, so best collect them in and forward them yourself. As has been said the Tenancy Agreement is between you and the Tenant.... Read More

Bill O'Dell

10:38 AM, 16th July 2020
About 3 months ago

New Electrical Installation Condition Report Rules July 2020?

Reply to the comment left by Ray Davison at 16/07/2020 - 09:58
@Ray Davison - my understanding is, it is a requirement to furnish a report to the local authority within a period (7 or 14 days I think) - on their request. So they have to ask.... Read More

Bill O'Dell

10:01 AM, 18th June 2020
About 4 months ago

CBILS for developer?

I'm in the process at the moment and Brokers seem to be ignoring the cbil route and offering normal development finance with 0.75%/mth interest and no gov guarantee. Seems they keep building on obstacles. Commission must be low!... Read More

Bill O'Dell

10:25 AM, 15th January 2020
About 9 months ago

Shelter research playing on fears

So good to hear the RLA as the voice of reason. Shelter have always been scaremongering anti landlord and supporters of tenants who often behave unfairly so very happy to hear this.
Rosalind is right this needs wider coverage... Read More