Hi, We are approaching the end of the Stamp duty holiday up to 500K and I have a property that is legally ready to exchange.  However, we are having an issue on the approach to exchange and completion. My challenge is that in case this moves to July, I won’t be doing it because of […]

As the rules came in, we all obviously had to have EICR’s done on all of our properties. Unfortunately, one of my properties failed its EICR. It was issued with a ‘Fail’ EICR … for context, the house was built in the early 1970’s and predictably needed a new consumer unit and a couple of […]

Hello, Can anyone advise the best course of action for me to take in this situation? I received a message from a tenant in arrears, and we are currently taking her to court for eviction. The message I received said: “I’ve been in hospital on morphine. I’ve been advised to stay till I get the […]

Hello, Could anyone help please, I have recently taken advantage of the excellent tax planning structure offered by Property118. I have started to remortgage some of my properties in the new structure, however, some of the conveyancing fees being charged seem on the high side. Would anyone have a recommendation for a reasonably priced and […]

Bailiffs arrive at Last! SO after serving notice for non-payment of rent on 1st November 2019 (Long before Covid-19 was even invented) and after a full year of waiting, a court date was finally set for 18 March 2021, at which the judge ruled for an eviction two weeks later on 1st April 2021 (AND […]

There are several ways to split rental income for tax planning purposes, the two most popular being a Declaration of Trust or one of many form of Partnership. The concept is to transfer rental profits to a lower rate tax-payer. For example, one spouse may pay tax at a higher rate than the other. This […]

Solutions for landlords with a Section 24 tax problem. First though, let’s take a look at what Section 24 tax is and why it’s so unfair. The following Case Study explains why so many property rental business owners are considering incorporation, by comparing the tax position of a private landlord vs that of a private […]

I have held the lease on my first floor flat for the past 21 years, extending it in 2013. The Freeholder owns and lets out the ground floor flat. I have struggled with the Freeholders approach to managing my Lease. Standing charges include a peppercorn rent, £100 paid toward the Maintenance Fund and 50% of […]

Hello, I have completed on the purchase of a property with the existing tenants still resident. Their first year is up next month, and they signed another 1 year AST some months back (they are students). Should l ask them to sign a new contract as the old one is in the past owner’s name […]

The NRLA is accusing the Chancellor of making landlords the scapegoats for the Covid-19 rent debt crisis as he turns his back on the support the sector needs. A new report published by the National Residential Landlords Association outlines the toll that COVID-19 has taken on the private rented sector. It warns that without financial […]

Businesses that have had to remain closed during the pandemic and are unable to pay rent on their commercial property will continue to be protected from eviction, giving them the breathing space they need and helping to protect jobs, the government has announced 16 June 2021. In order to give places such as nightclubs and […]

The latest house price data published on GOV.UK by HM Land Registry for April 2021 show that average house prices in the UK increased by 8.9% in the year to April 2021, down from 9.9% in the year to March 2021. Because of the impact of the coronavirus (COVID-19) pandemic on both the number and […]

An HMO licence application was submitted on 29th May 2020 on behalf of our landlord client and the 1st instalment of the licencing fee – £750 was paid. On 5th January 2021, the tenants surrendered their tenancy and returned keys. To deal with the unwelcome void period, the landlord decided to let for a period […]

A few days before the 1st June 2021 in preparation for S21 notice, I rang the NRLA regarding Form 6A and the new 4 months’ notice. I downloaded the form as per their advice from the govt web site. Filled it in ready with all relevant paperwork and I served the notice very early in […]

My tenant friend and work colleague fell and died on his Landlord’s Stairs. This is the letter that I propose sending to the local council. “During the Christmas week of 2020, T fell down the exterior iron stairs at Flat 35b **********, which gives access to a number of bedsits (usually termed as HMOs). He […]

There now appears to be issues in getting buildings cover for Buy to Lets in the UK for non-UK residents now. Does anyone of you know how to arrange this cover? One of the properties in question is classed as 6 bedroomed as it has a separate one bedroomed annex and some companies won’t cover […]

In this video below, 5 property experts breakdown and analyse a huge 15 room HMO Property deal in Swindon. Not only is this a great insight into how to quickly do analysis on a HMO property deal, but I’ll also tell you how you can do this too! This fantastic case study comes from the […]

Research by Hamptons is indicating that the recent inflationary pressure on house prices caused by a lack of supply relative to demand pushed by the Stamp duty holiday has shifted the cost of renting below the cost of ownership for the first time since 2014. In most areas of the UK, apart from Scotland and […]

My tenants recently moved out, they didn’t pay some months, and they’ve left the house in a mess. Now they’ve gone, and I’ve had an £800 water bill from the water board! I forgot to tell them new tenants were moved in, so their name hasn’t been on their history. They’re now making me pay […]

Thankfully my tenancies have been fairly quiet during the Covid-19 period bar one or two with payment difficulties. However, one was due to leave next week as they were moving abroad and a new tenant move in a few days later. So I booked decorator, repairs, checkouts to take place between the tenancies. However, the […]

I have a tenant moving in next week that the Council are paying the deposit and Rent in Advance (RIA) for. There is a deficit of £20.01 per month, which normally would require a top-up to be paid directly to me from the tenant. In this case, the Council have stated they will pay this […]