Page 571 – Property118

HMO Selective Licensing Porridge!

5th September 2018

I work for a company who owns many properties, we have staff living in them on SOA. I have converted all of them into fully compliant HMO’s. Even the 2/3/4 bed properties, just to future proof them for the CEO and so I can sleep at night. I am now in the process of ‘trying’ […]

Share of Freehold building insurance?

5th September 2018

I am the owner of a flat (1 of 4 in a converted house). Each of the owners is also a freeholder. Recently one of the flat owners decided he no longer wants to contribute to the whole buildings insurance and would like to do his own insurance (for his flat only)! If he does […]

Starting a property development business and tax deductibles?

5th September 2018

Hi All, I’m looking at getting into property development as a business, having done the last few residential properties I have lived in myself. As it would be “quick flips”, rather than keeping for rental income, a limited company is definitely going to be the best way to go from a tax perspective (from what […]

PMQs – May’s response to 3 year tenancy question

5th September 2018

Prime Ministers Questions House of Commons 05/09/2018 Question from Labour MP Helen Hayes – Dulwich and West Norwood “It has been reported this morning that the Treasury and Number 10 are blocking plans for legally binding 3 year tenancies for private renters. This is of great concern to private renters in my constituency including many […]

Citizens Advice are a charity

5th September 2018

As a follow up to the article by Paul Shamplina ‘Section 21 – The Bigger Picture not seen by Citizens Advice’ and the subsequent comments concerning this article raising the point that Citizens Advice are a charity. One of our members Barry has supplied the confirmation and documentation below: Charity Registered charity number 279057 Click […]

Section 21 – The Bigger Picture not seen by Citizens Advice

5th September 2018

A recent report published by Citizens Advice suggests tenants who complain to their landlords are more likely to be served a section 21 eviction notice as a result of their actions. The report called ‘Touch and Go’ claimed that tenants who complain about issues like damp or mould have a 46% chance of being issued […]

If Landlord Farts, Burps or Snores, property should be repossessed?

4th September 2018

My friend and I had a meeting yesterday, both of us have been landlords for around 20 years. We exchanged our grievances of current government policies against landlords. In particular, my friend suggested that, he is concerned that, if Shelter or any other organisation suggested to government that any landlord caught farting, burping or snoring […]

Confusion over when to serve S21 or S8 Notice?

4th September 2018

My understanding is that When a tenancy has come to an end of its AST period, of say 6 months, it automatically rolls into a statutory periodic tenancy. Which means a landlord can serve S21 (4) No fault Notice of 2 clear months provided the tenancy started before October 2015. But if it started after […]

The PRS in a divided Nation – 44% say sell and 56% stay

4th September 2018

Britain’s buy-to-let landlords are divided over their future, in light of tax and market changes with 56% buy to let investors wanting to keep or buy more rental properties, and 44% are looking to sell. This is according to latest research from property-backed P2P lending product, Octopus Choice. The majority of UK landlords still view […]

90% BTL of purchase price subject to max 80% of undervalue transaction

4th September 2018

Magellan Homeloans is offering a 90% of purchase price (subject to max 80% LTV) of undervalue transactions for Buy to Let borrowing. The launch of this new product range will initially be available through selected intermediaries rather than directly to the public. As an example – if someone is buying a £300,000 (valued) house at […]

Does the truth not matter to Shelter?

4th September 2018

Does the truth not matter to Shelter, or does the end justify the means? Shelter recently issued a document in partnership with the National Housing Federation (NHF) called “Stop DSS discrimination” I quoted this at length, and linked to it, last week: Click Here On page 7, under Rosie’s story, is the following paragraph: “Rosie’s […]

Is there a legal time limit before I can make demand to guarantor?

3rd September 2018

I have a tenant of 14 months who has gradually worn me down (complaints from neighbours & not paying his rent on time) to the point of issuing him a section 21 four weeks ago! He was initially on a 6 month AST all DPS, Gas/EPC & Prescribed info etc in place and although each […]

Changed my mind landlord not moving now?

3rd September 2018

Hi Property118, I have tenant that has given the required notice to vacate on the 20th September. However he has now texted me saying his new let has fallen through and will not now be vacating! His rent is fully paid up and the deposit returned. I have a tenant signed up ready to move […]

Service charge arrears – What can we do?

3rd September 2018

1 property – 3 leashold flats with 2 of us owning the share of freehold. The owner of the flat that doesn’t own the share of freehold lives in New Zealand. We do not even have an address for her. All communication is via email. She can’t keep up with service charge payments (£500 p/a) […]

Council lose a perfectly good tenant his home – Fergus Wilson

3rd September 2018

The final outcome was that the 1st Tier Property Tribunal Quashed the Notice. This has now finally come to an end when the 1st Tier Property Chamber gave its final  decision. It may be of interest to many landlords. It was a total Quash! Not a variation of the Notice! Mr M### was with me […]

Sefton Council and the Surveillance State

3rd September 2018

The surveillance state is something which we associate with Communist Soviet union, North Korea or East Germany. The Uk however, now has more CCTV cameras per head of population than any Western democracy. That is only part of the story. This Tory government has made the error of going down the devolution route, giving Useless […]

13 reasons to invest in Birmingham

3rd September 2018

The Birmingham story is one that continues to get more and more compelling, and this is why so many investors are looking away from London and toward Birmingham, to achieve long term capital growth, whilst also generating good levels of income. 1. A very ‘Big City Masterplan’ –The 20-year Big City Plan for Birmingham is the most ambitious, far-reaching development […]

Why didn’t Shelter find somewhere for Stephen?

1st September 2018

Shelter’s campaign with Rosie featured in a BBC News article back in February.  I quoted this at length, and linked to it, last week: Click Here Today I looked at the comments that had been put under the BBC’s article. The only comment from a landlord was by Frank from Stratford-Upon-Avon who said: “Housing Benefit is […]

Birmingham – the prime hotspot to live, work and invest

31st August 2018

We believe in the growth and power of an off-plan investment and therefore we have teamed up with one of Birmingham’s leading developers to bring our investors four incredible ‘early bird’, off-plan opportunities in prime locations of Birmingham. Investing at this early stage enables you, as the investor, to secure a property in a growing and buoyant property market for […]

Property Redress Scheme partners with Client Money Protect

31st August 2018

With the introduction of mandatory client money protection from April 2019, Hamilton Fraser is annoucing a joined up approach to its group companies; the Property Redress Scheme (PRS) and CMProtect (CMP). With the mounting commercial pressures on letting agents, the partnership will deliver a more effective and convenient solution for client reassurance. In particular the […]

Tenant asking for hardship compensation over bins?

31st August 2018

I became a landlord in May 2018 as I moved in with my partner into Central London. I own a 1 bed flat in Buckinghamshire which has a lounge/kitchen, bedroom and bathroom. The property is situated on a corner by a shop and a business park and is a terraced property (ground floor) with no […]