Page 360 – Property118

In need of a lift

14th September 2022

We purchased a flat just over a year ago, we did so as the flat was in a nice area, near to our family and importantly due to our advancing years and my wife’s disability, she is in need of a hip replacement. The flat in question is on the 2nd floor, the selling point […]

DIY conveyancing for transferring own house to ltd company

14th September 2022

Hi, I finally decided to transfer my personally owned & lived in property to a ltd company for renting out. I have always lived in this property and will be moving out soon. I understand that transferring to ltd company and rent later will save me from CGT for past dates. I also am aware […]

Renting your main residence and CGT

14th September 2022

I am contemplating renting a family home which we have lived in for 25 years. Given the length of time we have owned our house there is a lot of financial gain in value. I have now learnt that if we rent our house we will have to pay capital gains on the portion of […]

landlord question CGT on insurance payout property118.com

CGT on insurance payout?

14th September 2022

My wife and I had a rental flat flooded in July 2021. It immediately became uninhabitable and remained so for a year while negotiations with our insurers were ongoing. These were eventually settled for a sum of approximately £60,000 (for refurb costs and not including loss of rent). As I work in the construction trade, […]

Domestic violence & beneficial ownership

14th September 2022

Please help and advise. I am at my wits end. I jointly purchased a property 50/50 with my violent ex-husband. On divorce, our joint building society would not let me take the mortgage on in my sole name because they deemed I couldn’t afford it. As a way around this, my Solicitor negotiated an agreement […]

landlords news fire break wall insurance tax property118.com

Fire break wall – Capital Expenditure or Revenue Expenditure?

14th September 2022

Hi all. Hopefully, somebody on this superb property resource can help me with a tax query. At the request of my landlord buildings insurance, I have recently had a fire break wall installed in the loft space, which is shared between one of the neighbouring properties. The cost was divided between us both. I’m trying […]

landlord news house prices uk property118.com

House prices rocket at their quickest pace since 2003

14th September 2022

The UK’s house prices have risen at the quickest pace since 2003, the Office for National Statistics (ONS) says. The figures are based on the Land Registry’s final sale prices and show those prices rose by 15.5% from July last year, to July 2022. That’s a much higher rise than was seen in June at […]

Issues with landlord-section 13

14th September 2022

My partner and I have been having issues lately with our landlord. The Property was not in good shape and the landlord was not aware of the state of the property when she tried to let it. The owner (her mum) lives on the ground floor, but her daughter manages the property. We expressed concern […]

Offer accepted on a house. They have no extension papers or PRC certificate

14th September 2022

I have had an offer accepted on a semi detached house. It was offers over £260,000. I had an offer accepted for £261,000. It was last sold in 2015 for £255,000 with the current extension, and from the old photos appeared in a lot better condition. The house size is decent, 4 bed, kitchen opens […]

landlord news agents anti money laundering property118.com

Landlords with agents face due diligence checks

14th September 2022

Propertymark is urging agents to familiarise themselves with updated guidance, so they don’t fall foul of anti-money laundering rules. The move will see agents carrying out customer due diligence on their landlord clients – and tenants. Following HM Treasury approval, the updated guidance will help property agents comply with the Money Laundering Regulations 2017 and […]

landlord news tenants fuel bills EPC property118.com

Tenants in the North will face the biggest issue with rising fuel bills

14th September 2022

Households living in rental properties across the North of England face the biggest financial headache from soaring fuel price rises, according to a new study into the energy efficiency of landlord-owned properties. Property data and insight platform, Homesearch analysed rental properties across the UK, to uncover which areas have the best and worst Energy Performance […]

landlord question scratched hob tenant pay property118.com

Scratched hob – should the tenant pay?

14th September 2022

Hi, I installed a brand new ceramic hob before my tenant moved in, even provided liquid hob cleaner, along with a note asking them to use flat pans only along with user manuals. The tenant has just moved out and the hob is scratched, ie deep groves. What to do? The hob cost £250 + […]

landlord news Government portal will give details on criminal landlords property118.com

Government portal will give details on criminal landlords

14th September 2022

The government has revealed that its property portal will be publicly available for everyone to help drive criminal landlords and agents from the private rental sector. The response is part of the consultation to reforming its rogue landlord database with news that the recently announced property portal will ensure that local councils, landlords and tenants […]

landlord question Property insurance costs property118.com

Property insurance costs

13th September 2022

Hi, I made a claim after my tenants ruined the property, stole the bathroom, kitchen, radiators. The place has been empty since March so large loss of rent. The insurers would only pay for the boiler to be replaced as this had been hit with a hammer many times. The rest, they say, was the […]

landlord news Chronic shortage of rental homes pushes rents up 12% property118.com

Chronic shortage of rental homes pushes rents up 12%

13th September 2022

Fast-rising rent across the country is seeing a trend for tenants to move into smaller properties to reduce their bills – as rents rocket by 12%. That’s according to the latest report from Zoopla which highlights there has been a jump in demand for one and 2-bed flats as renters feel the cost-of-living squeeze. They […]

Row of “To Let” signs outside terraced houses in the UK, symbolising the rental housing market.

Government’s rent reforms concern landlords and agents

13th September 2022

A major survey has revealed that the government’s rental reform White Paper is causing growing concern for landlords and letting agents. Published by Goodlord and Vouch, the survey saw thousands of industry stakeholders take part in largest ever state of the industry research. This is the fifth report, and it collects the opinions of more […]

Obtaining freehold of 2 end of block maisonettes landlord property118.com

Obtaining freehold of 2 end of block maisonettes

13th September 2022

Hello all, Looking for some advice and guidance please. I own the leaseholds of two maisonettes (1 up, 1 down) on one end of a block totaling six. There are two other blocks of the same together with some terraced houses that make up the estate. The estate is ex-council now owned & run by a […]

How to fill in the N325 form landlord property118.com

How to fill in the N325 form?

13th September 2022

Hi, Can anyone give me a sample screen shot how to fill in and complete the N325 form? I am more concerned about In the Section : “I certify” box on the right-hand side, delete the wording in brackets in paragraph 1 and delete the whole of paragraph 2. How do I do that online? […]

cramped family rental home landlord property118.com

Two becomes Four

13th September 2022

Hi, When my tenants moved into my one bedroom flat there were just two of them, husband and wife. Now there are four because they have had two babies. The flat is far too small for four. They are good tenants, and pay on time, but I’m worried that the council will find out and […]

Liz Truss

Landlords have been treated unfairly, Truss tells Beadle

13th September 2022

The newly published Decent Homes Standard is yet another example of lawmakers laying down rules without any understanding of the rental market – but the new prime minister has promised a sea change. New prime minister Liz Truss says she feels landlords have been treated unfairly by previous governments and wants to create a less […]