Page 394 – Property118

Meet Mark Smith (Barrister-At-law) – Premier Property Club 25th May London HQ

19th May 2022

Our Hon. Legal Counsel, Mark Smith, Head of Chambers at Cotswold Barristers, will be presenting on the subject of Business and Tax Structures for Property Investors in 2022 at the Premier Property Club on Wednesday the 25th of May. Use this link to book and receive a 100% discount on tickets >> https://premiertaxstructures.eventbrite.co.uk This will […]

Commercial Rent (Coronavirus) Act 2022 ends government interventions

18th May 2022

The government recently passed into law the much-anticipated Commercial Rent (Coronavirus) Act 2022. This effectively ends government interventions to prevent tenant insolvencies during the pandemic, largely in the form of the extended moratorium on tenant evictions for non-payment of rent. From 24 March 2022 onwards, all tenant arrears will now be divided into two pots, […]

Seeking help – Debt owed for repairs?

18th May 2022

A former tenant owes me £2,222 for repairs to the house. It’s a bit of a story – they moved out in December 2021. I would definitely like to get a CCJ and if necessary, take steps to go for an Attachment of Earnings. I emailed two firms of solicitors, one local and one that […]

Can they build another 2 storeys on top of my block?

18th May 2022

Hi everyone, I own a top floor flat in a 3 storey flat roof 1960’s Block and the new freeholders have sent us all a letter saying they intend to build a further two storeys of flats on top of the building. The long term noise and disruption to my tenants is going to be […]

Listed Building work conversion of Grade 2 listed use class E to Takeaway?

17th May 2022

Permitted Development PD and listed building conversion work. Linda Wright and Andrew Roberts are back answering Planning Permission questions and Gorilla investor poses some great ones today. Today we seek to answer the following questions. 1) Can you use permitted development to undertake a commercial conversion on a listed building? 2) Can I convert a […]

Transfer of equity with partner not spouse and SDLT?

16th May 2022

I own a BTL property in my sole name and intend to transfer the title into joint names with my partner and transfer a small percentage of equity (10-15%). We are not married so it’s not a transfer between spouses. The property is mortgaged and the transfer is because all our other BTL properties are […]

Lease Extension – Tax Implications?

16th May 2022

Hi everyone, In 1999 we purchased a one bedroomed leasehold flat. Several years later we extended the lease at some considerable cost. We recently sold the flat and now have to calculate the CGT owing. My question is the cost of extending the lease claimable as an allowable expense against CGT? I can’t find where […]

CGT on selling a share of my Buy to Let?

16th May 2022

I need to raise some finance shortly and one of the options I am looking into is to sell 2/3rds and retain 1/3rd of a freehold BTL property I’ve had for 20 years. Going forward the house will remain tenanted and we will split the rent 3 equal ways, any expenses will also be split […]

A laptop showing stacked coins

Letting agent didn’t serve prescribed information for deposit protection?

16th May 2022

Hi everyone, My letting agent didn’t serve the tenants the prescribed information for their deposit protection. This was for a number of properties of mine. I am obviously now in the process of de-instructing them. But what can I do to make all existing tenancies compliant? Can I ask the tenants to sign a new […]

Can I index link rents into my tenancy agreements?

16th May 2022

Hi all, I have just been talking to a fellow landlord and in the discussion, the question and idea came up can we index link the rent into an AST contract? The next question is if this indexing clause was possible in the contract would you still have to serve a rent increase notice to […]

‘Rent To Rent’ Millionaires In The UK

14th May 2022

In my 30+ years of investing into UK rental property I have had the pleasure to have connected with 1,000’s of people who have made their millions by doing the same things as me. I’ve also met more than a handful of people who have made their fortune as a result of teaching newbies their […]

Smart Property Investment UK – Bank Conversion Site Tour

13th May 2022

How you can do smart property investment in the UK right now. Join me on site of my latest Property Deal, where I have purchased a bank in Rickmansworth. I plan on using Permitted development to turn the uppers into flats and keep the ground floor as a commercial unit all without needing planning permission […]

Personal borrowing hampered by BTL mortgages?

12th May 2022

Has anyone else found that since the financial crash of 2008 you are unable to get so much as a credit card? We previously had our mortgages in business loans with a single lender. This loan didn’t appear on our personal credit searches and we had no trouble getting credit approved for personal lending such […]

Dry rot in two leasehold flats and the joint freeholder is not responding?

12th May 2022

My daughter owns a 1st-floor leasehold flat with 50% of the freehold. In April last year, dry rot was identified in her staircase and the adjoining exterior wall. The owner of the ground floor flat (GFF) was alerted to this and he has also had a dry rot survey which proved positive. The survey for […]

It is surprising that conditions have remained so buoyant

12th May 2022

The latest Nationwide House price index for April indicates annual UK price growth slowed a little to 12.1%, down from 14.3% in March with prices up 0.3% month-on-month after taking into account seasonal effects. The average price of a property now stands at £267,620 up from £265.312 in March. Commenting on the figures, Robert Gardner, […]

No let up on the lack of new rental listings coming to the market

12th May 2022

The Housing Market readies itself for the latest economic measures to impact the UK housing market, as forward-looking metrics soften, but current activity is still buoyant and house prices are continuing to rise, according to the latest RICS Residential Market Survey. The April survey shows that would-be buyers are still on the hunt for a […]