Page 423 – Property118

Double Tax Agreement on property sold in Cyprus?

19th April 2021

I moved back to the UK 7 years ago from Cyprus. I have dual citizenship for both countries. I bought a flat in Cyprus in 2003 where I lived until 2013 when I moved to the UK and moved into my partner’s house until today 2021. I sold my flat in Cyprus in 2019 and […]

How to triple your rental profit with HMOs

16th April 2021

Tuesday 20th April Join Simon Zutshi, founder of property investors network and Author of Amazon No 1 property best seller “Property Magic”, on this 90-minute live training all about how you can increase your cash flow. If you don’t have any HMOs yet you must attend this free training. If you do already have HMOs […]

Licence Fees – Should I only pay an inflation linked increase?

16th April 2021

Hi Everyone, I am an HMO landlord for many years in Leicester. The local Authority who does a very good job and is very helpful in my opinion has increased the HMO fees for a licence from £650 in 2016 to £900 currently. This seems a very large increase, therefore, seeking advice. If I refuse […]

Benefit tenants, I am sorry!

16th April 2021

Benefit tenants, I’m sorry, I now have to refuse & discriminate against you if you have Mental Health problems too. And urge all other Landlords to do so too. A strong statement here, I cannot and urge you all to not take Mental Health Benefit tenants. We can’t get help for Mental Health tenants from […]

Top 5 HMO investing mistakes

16th April 2021

HMOs can be a fantastic strategy when done correctly, but many property investors make expensive mistakes. In this brand new video below Simon Zutshi, Author of “Property Magic”, founder of the property investors network, and HMO investor since 1998, shares the Top 5 most common HMO mistakes and how to avoid them. 

Conveyancing timescales increasing

16th April 2021

According to data from TwentyCI, a property statistics and data provider, the average time taken for properties to complete has increased by 6% when looking at the year-on-year figures of the top ten largest estate agency brands in the country. Iain McKenzie, CEO of The Guild of Property Professionals, says that while the time taken […]

Post Covid Staycation boom could be taxing

14th April 2021

Soaring demand for holiday lets as the UK plans for a ‘staycation summer’ is driving inquiries for tax advice from customers considering buying a second property, Handelsbanken Wealth Management (HWM) says. But HWM advises would-be buyers to focus on rules that will allow them to qualify for tax breaks associated with furnished holiday lets (FHL) […]

DPS index shows overall resilience in rental market

14th April 2021

London rents increased for the first time for over a year during Q1 2021 increasing by £8 or 0.61% to £1,325, suggesting the city’s rental market has started to stabilise during the coronavirus pandemic, according to The Deposit Protection Service (The DPS). By comparison, rents across the North East, traditionally the most affordable UK region […]

Rogue management board and cladding grant funding?

14th April 2021

Can anyone provide some guidance regarding The Private Sector ACM Cladding Remediation Fund? We are a residents group with apartments in an 8-floor building. We are extremely dissatisfied with the way the current management board (one individual in particular) have been running our affairs, and we are trying to force an EGM so that residents […]

EICR has thrown a complete spanner in the works?

14th April 2021

Can anyone help? We have 10 properties all currently let and very few issues – life good right? Along comes the EICR legislation and throws a complete spanner in the works. We have used the same Electrician for a number of years and trusted him completely, he’s never let us down before but its almost […]

Tenant charged with Arson?

14th April 2021

Well over the years I’ve come across a lot of things while managing properties, but this is in a different league, and one I have no experience in, so any advice greatly appreciated. We let a property to a sole tenant last year, all checks done, guarantor in place, first few months rent was a […]

Is two months Rent in Advance instead a solution?

14th April 2021

Normally I ask for a month’s rent in advance (RIA). Most of my tenants are benefit tenants and claiming UC but if they come through the LA route the Council have always paid the first months RIA. What if I up this is two or even three months RIA? To try and always cover myself […]

MHCLG Right to Rent Checker

14th April 2021

The Ministry of Housing, Communities and Local Government has published a Right to Rent guide for landlords with a basic checklist designed to confirm if a tenant has the right to rent and stay, backed up with a guide for the documents required to provide evidence. Check if someone can rent your residential property “Find […]

Shergroup Joins Property118 as a Sponsor

14th April 2021

Shergroup Limited is delighted to join Property118 as a sponsor in relation to Sheriffs, Bailiffs, and all things enforcement.  The invitation to join the Property118 community comes at a time when Sheriffs, Bailiffs, High Court Enforcement Officers, and High Court Enforcement Agents are going to be needed to manage the financial impact of the COVID […]

PM advertises prospective tenants with animals will be ‘considered’

13th April 2021

Dog loving Prime Minister, Boris Johnson, has advertised his Oxfordshire cottage for rent at £4,250 a month with the listing confirming prospective tenants with animals will be ‘considered’. It remains to be seen how ‘considered’ a pet-owning tenant will be in his £1.2 million Grade II-listed 4-bed family cottage. Although it has been specified as […]

Applications and criminal history questions?

13th April 2021

The NRLA’s sample tenant Application Form fails to ask any questions regarding criminal history. Why is this? I realise that any tenancy is based purely on affordability, but having tenants where the state pays the rent in its entirety, surely a Landlord can ask about criminal history and details of any unspent convictions etc? I […]

Unsatisfactory EICR is an absolute shower?

13th April 2021

The electrician who recently did an EICR for my property found the installation “Unsatisfactory”, one of the reasons being that the shower circuit (6mm twin and earth) is overrated with a 40A overcurrent device. In 2017 I had a new 18th edition consumer unit installed and that electrician provided a complete Domestic Electrical Installation Certificate […]

Business Asset Roll-over relief for residential BTL?

13th April 2021

Hi I am selling a property mainly due to the financial consequences of covid and like so many landlords we are classed as an ‘excluded’ group by the Gov’t so just have to take the financial hit. The property was my first investment property which I have improved significantly and let for over 10 yrs […]

Build costs for Apartment Block?

12th April 2021

I have just re-mortgaged my property and have taken out a substantial amount for investment and would like some advice about building apartment blocks from the ground up, please. I understand an architect is needed to draw detailed plans and the builder can give me a breakdown of all costs for labour and materials, but […]

Let your property to the Council for Emergency Accommodation?

12th April 2021

Interested to know if anyone lets their property to a Local Authority for use by them as Emergency Accommodation? One of the LA’s I deal with has no housing of their own and I have recently been made aware that a huge supplier they had has pulled out of providing the same as it couldn’t […]

New builds as a percentage of total market transactions

12th April 2021

StripeHomes, analysed the Land Registry Price Paid data records to see where the new-build sector was adding the most value to the national property market both in terms of the sum of new-build property sold, and as a percentage of total market values. 41,707 new-build transactions took place in 2020 across England as a whole, with […]