Page 448 – Property118

Rent to Rent furniture sale taxable?

28th October 2020

Hi everyone, I’ve had a Rent to Rent HMO in Liverpool since March 2013. I’m now passing it on to someone else, furnished, and tenanted, as I’ve had enough myself, but it is a good house. When I first got the house, I obviously furnished it from top to bottom, at a lot of expense […]

Rent Guarantee Insurance – is it worth it?

28th October 2020

I have a 2 bed house that I’ve just refurbed after a family did a lot of damage to it and ran up rent arrears. I’m now debating whether to holiday let it or family let again. However, I’m reluctant to family let again without rent guarantee insurance. I’ve never taken this out as I’m […]

Being a professional landlord during COVID – legal and compliance update webinar

28th October 2020

LandlordZONE and the NRLA are to jointly host a webinar on Tuesday 1st December that will give landlords an update on the Coronavirus emergency and its impact on the housing market and legislation. The Webinar will be hosted by Paul Shamplina Head of Property at Hamilton Fraser, Landlord Law and presenter of Channel 5’s ‘Nightmare […]

The National Landlord Investment online Super Show – Tuesday 3rd November

28th October 2020

The National Landlord Investment team to host their online Super Show, Tuesday 3rd November with over 1200 minutes of free content! Join the team and over 40 expert speakers and connect with 50+ exhibitors online. Click Here The team delivered their first online event on 8th October which covered the Midlands and Manchester areas. The […]

Deposit not protected and solicitor demanding six times deposit repayment?

28th October 2020

A tenancy started 7th September 2018, becoming a periodic tenancy on 7th March 2019. I did not protect the deposit until 14th October 2019, and understand I am liable for a fine. I’ve done wrong, I accept that, so no need to lambaste me over it. The couple separated and the deposit was returned to […]

Sell my Main Residence to my Property Ltd Co and lease it back to myself?

28th October 2020

I am interested in investigating the advantages/disadvantages of selling my main residence to my Property Limited Company and then leasing the property back to myself (possibly on a Opco/Propco type of arrangement). My residential property is probably worth around £850k with a outstanding mortgage of £180k and the registered address of my Property Limited Company […]

We are now in a completely different operating environment

28th October 2020

In the past, if someone was in a reasonable job, I was willing to risk taking them on without a guarantor. In fact, it seemed rude to ask a professional in their 30s or 40s for one. The worst thing that could happen would be me losing about 6 months rent – which I may […]

Are These Auction Property Deals Worth it?

27th October 2020

In this video we have a property auction review of some of the best property investment deals coming at auctions Allsop, Acuitus Auction House and Auction House London by myself, Rod Turner, Jay Howard and Piotr Rusinek. In this episode, we review four forthcoming auction lots from Auction House London, Savills, Allsop Auction, & Acuitus. […]

New 30 day CGT reporting and split commercial/residential property?

27th October 2020

Can anyone clarify the new rules? UK residents must now declare any Capital Gains due on a residential property within 30 days of completion. According to the HMRC website, the rules do not apply to Commercial property. My solicitor has said that if any part of a property is rated Commercial then the whole property […]

Guidance to help prevent care leavers becoming homeless

27th October 2020

New guidance for councils to help ensure care leavers have the stable homes they need and prevent them from becoming homeless has been published by Minister for Rough Sleeping and Housing Kelly Tolhurst. Care leavers can often struggle to cope with the challenges of living independently at a young age without a family network, and […]

How do I transfer ownership of my rental house into my wife’s name?

27th October 2020

I own a rental property which is now mortgage free. I would like to find out the easiest way to transfer ownership to my wife as she is a low rate taxpayer and I am not. Do I need to instruct and pay a conveyancer, or can I do it all myself? I’ve noticed there’s […]

Potential Commission Dispute?

27th October 2020

I am seeking some views as to whether I am likely to end up with a commission dispute when selling my house. The circumstances are that I had my house marketed on a sole agency agreement with an estate agent from January to June. There was some interest, but no sale agreed. I then marketed […]

Office for Budget Responsibility, Savills and Knight Frank forecast growth into 2024

27th October 2020

A recent market forecast by a wealth of industry experts, including the OBR (Office for Budget Responsibility), Savills, and Knight Frank, concluded that house price growth should increase by a further 14.5% across the UK by 2024. With a current average house price of £233,512, this 14.5% uplift would see a further £33,877 added to […]

Golden Visa Opportunities: The Top 10 Interesting Programs

27th October 2020

Confronted with the high income tax rates in the UK, British citizens have been more interested in alternative taxation programs in recent years. One of them is the Non-Habitual Residency (NHR). According to a study by UHY (Urbach Hacker Young International Limited) in 2019, tax rates for salaries in the UK are higher than the […]

Mortgage Express (Rosinca Mortgages) will not allow transfer of equity?

26th October 2020

Has anyone any advice for the following situation: 3 BTL properties with Mortgage Express (now Rosinca Mortgages) which still have 8 years left on a 25-year interest-only mortgage term. The properties are jointly owned by myself and my Brother. We also each of us have our own substantial property portfolios which are independent of these […]

Council HMO guidance – Now more confused than when I started?

26th October 2020

I’ve read Bexley Council and Government guidance but am just more confused than when I started. I have converted my house into 3 separate living ‘units’, I’m not calling them flats as they don’t meet building regulations (I do have planning permission for the extension and conversion works). Each unit has its own entrance, bedroom, […]

Friend signed a Deed of Surrender but then decided to stay?

26th October 2020

I rented my flat to a friend, and he recently got fired from his job. He’s about £1,600 in rental arrears. Given that he is currently unemployed and broke I suggest the best course of action for us both is for him to vacate the flat and stay in my place (as I have a […]

I have done my own conveyancing – CGT costs?

26th October 2020

I have sold one of my rental properties and have done my own conveyancing, on the sale as well as on the purchase. I understand that I can put related buying, selling and improvements, but not general maintenance, to reduce the amount of CGT liability. In relation to the buying and selling costs to lessen […]

Bailiffs suspend enforcing court orders for evictions in Tiers 2 and 3

26th October 2020

Bailiff trade bodies have agreed to suspend the enforcement of court order evictions for areas under Tier 2 and 3 restrictions after a request sent from the Justice Secretary Robert Buckland. Buckland wrote: “We would request that your members should instruct the enforcement agents working under their authorisation not to enter properties including taking control […]

Auction watch – 4 auction deals at forthcoming sales

23rd October 2020

This video is a review of four upcoming property deals on sale at auction over the next fortnight. In the video I am joined by Piotr Rusinek, Jay Howard and Rod Turner as they analyse four potential auction bargain opportunities. 0:00 Into to lots from – Auction House London, Savills, Allsop Auction, & Acuitus. 3:34 […]

EPCs – New ones issued via email link only?

23rd October 2020

I have had a raft of new EPC’s done and the assessors have just emailed me the link to the .gov site where they are stored. You can’t download them (I have tried). Question – do I have to send a copy of the new EPC to the existing tenant? (they already had a copy […]