Page 592 – Property118

I am a Good Landlord, but need help for my tenant cousin please

9th April 2018

I am a landlord and I believe a good one. My cousin however has been subject to a bad landlord and I would like to help her. I understand this is a landlords forum, but any advice would be very much appreciated. She began an AST Tenancy in 2010 and vacated in 2017, because of […]

Will I fall foul of discrimination law?

9th April 2018

I have been referencing a couple for one of my properties. There is a CCJ on one of the applicants reports, but I knew of this from the start and as its being paid and only a small amount I carried on with referencing. The property they are living in I was told was a […]

West Brom interest only demand?

9th April 2018

As I’m sure all West Brom mortgage holders have, I have recently received a letter from the West Brom essentially demanding that I inform them of my plans to pay off my ‘interest only’ mortgage once it comes to an end. While I’m used to lenders sending out letters saying I should ‘consider’ / ‘have […]

Sublet fees – More than I charge for a lot more work!

9th April 2018

I know this isn’t a new topic, but I would just like an opinion on clauses being used to try and get £160 for new sublet and £60 for a renewal (I own a Property management company and its more than I charge landlords for a hell of a lot more work). I have owned […]

RLA calls for fire regulations review to include smaller existing residential property

9th April 2018

The Government’s review into building and fire safety regulations is missing the opportunity to assess fire safety regulations across all types of housing. This is the concern being expressed by the Residential Landlords Association (RLA) as it formally responds to the Interim Report of the review led by Dame Judith Hackitt following the Grenfell Tower […]

Joint Tenants vs Tenants in Common (split 50:50)

9th April 2018

I own a BTL property (higher rate tax payer) but am in the process of transferring part of it to my wife (basic tax payer) for tax purposes Is there any real difference between “Joint Tenants” vs “Tenancy in Common split in equal shares”? I know the difference between Joint Tenants vs Tenants in Common […]

Married Couples Jointly owned property – expenses split

9th April 2018

I am aware that income from property owned jointly by married couples needs to be split 50/50 for tax purposes (unless form 17 has been filed), but do expenses from jointly owned property also have to be split 50/50? My situation is that I manage our 2 jointly owned rental properties, including paying the mortgage […]

Universal Credit Full Service

6th April 2018

By the end of this year, every area in Great Britain will be delivering Universal Credit Full Service – with the new style benefit expected to replace all existing means-tested benefits by October 2022. So, if you either take, or are considering taking benefit tenants, then the RLA’s Universal Credit course for PRS landlords and letting […]

Ex tenant trying to sue me for personal injuries!

6th April 2018

In all the years I have done property I have never come across this. My ex tenant is now trying to sue me for personal injuries. She reported a leak to the letting agent. I sent the plumber straight out as soon as she reported it and he found that the tap had a slight […]

Is it too late to challenge my lease?

5th April 2018

We purchased an off-plan property for BTL in 2008 (yes, I know!!!), and the lease we signed before Completion had the Ground Rent as £150 pa. Our solicitor (a supposed leasehold expert recommended by the broker) proceeded to completion, and we thought no more about it until the 5 year anniversary, when our Ground Rent […]

CGT and SDLT selling primary and moving back to Rental?

5th April 2018

I purchased property A in 1992 (mortgaged) as our primary residence. In 2004 purchased property B (mortgaged) and moved in as our primary residence to-date. As of 2004 property A was then used as a rental till Sept 2017. We plan to sell property B (our current primary residence since 2004) and then move back […]

New flexibility for landlord annual gas safety checks

5th April 2018

Following campaigning work by the Scottish Association of Landlords (SAL) and their England/Wales partners the RLA, the SAL are pleased to announce a good result. From 6 April 2018 a change in gas safety regulations will introduce a degree of flexibility to the timing of landlords’ annual gas safety checks. This MOT-style change means that landlords […]

New law on abandonment of residential property 06/04/18

5th April 2018

Below is a summary of a larger detailed explanation of this complex piece of legislation, due to come into force tomorrow! I thought it would be of interest to Property118 readers. “The Housing and Planning Act, 2016  Part 3 Chapters 57 – 63 set a legislative, if not complex process for recovery of a property […]

Charged £90 – Email not a guaranteed system to deliver notice?

5th April 2018

I recently received a £90 charge for late paying service charge for a leasehold property for which I never received the service charge demand/invoice, but the management company claimed they sent it by email (an email in their sent folder). I have explained to them that email is not a guaranteed system to deliver notice, […]

Jointly owned properties and tax on divorce and separation?

5th April 2018

I was wondering if anyone could help me on a divorce and tax issue. My ex and I had four jointly owned properties, we were joint owners and there was no deed of trust altering the ownership from 50/50 I assume we should both pay are own tax on our own 50% of the rents, […]

Channel 5’s “Bad Tenants, Rogue Landlords”

4th April 2018

On Thursday 5th April (8pm), Channel 5 will launch “Bad Tenants, Rogue Landlords”, a companion series to “Nightmare Tenants, Slum Landlords”, which delves into the dark side of the housing crisis and features cases handled by leading tenant eviction company, Landlord Action. In the first episode, English teacher Muhammad Rahman has suffered from serious financial […]

Scottish Labour want ‘Mary Barbour’ law for the PRS

4th April 2018

The Scottish Labour party want to bring in far reaching rent control laws using a Private Members bill based around the early campaigning of Mary Barbour. “Mary Barbour first became politically active after joining and becoming an active member of the Kinning Park Co-operative Guild. Her political activism began in earnest leading the South Govan […]

Flat used for forced prostitution by trafficked girl

4th April 2018

The tenant moved in November and has paid rent due in accordance with the AST. I had tried to meet the new tenant at the flat on a couple of occasions after he moved in, but numerous excuses meant this did not happen e.g. he was traveling or meeting relatives away etc. Last week the […]

When should you tell a prospective tenant you live very close?

3rd April 2018

I am currently in the process of finding a tenant for my property. I live a couple of houses along from it. I have advertised this property as a ‘no pets’ property, mostly because I don’t want to be annoyed by any more dogs barking and cats messing in my garden which I already have […]

Lettings industry regulation consultation response released

3rd April 2018

The Government announced its response to consultations for letting industry regulation and Client Money Protection (CMP) in a crack down announced over Easter. Client Money Protection will now be compulsory and privately-led schemes will be introduced alongside civil penalties of up to £30,000 for agents who do not comply with the scheme. Regulation changes include: […]

Our properties are managed, does this mean we cannot claim incorporation relief?

3rd April 2018

My husband and I live overseas but we have a portfolio of 38 rental properties spread across the UK. We are considering incorporation for a variety of reasons, one of which is that Limited Companies are unaffected to the section 24 restrictions on finance cost relief for individual landlords. Does the fact that our properties […]