Page 596 – Property118

3% SDLT Appeal for missed deadline?

13th March 2018

I have missed the 3 month deadline to reclaim the 3% extra SDLT paid. My solicitor told me I had 3 years to sell my main home but never mention a deadline. He dealt with both cases. Bought 2nd property on 6th September 2016. Sold main home on 30th June 2017. Deadline date was 30th […]

FOI request on sale of Mortgage Express BTL loans

12th March 2018

Re: Freedom of Information request Under the Freedom of Information act I would be most grateful if you could send information regarding the sale of Mortgage Express Buy to Let loans via UKAR to Rosinca Mortgage and Jasper mortgages. Were these mortgages sold at a discount and if so what was the basis of that […]

How To Corporatise Your Property Business – 3 places left

12th March 2018

How To Corporatise Your Property Business. Last 3 places left on the One Day Workshop this Saturday 17th March. Last chance opportunity to attend this tax planning workshop and start to put in place your plans before the end of the current tax year. The imposition of the Section 24 tax on mortgage interest payments […]

Article 4 fee is a money grabbing exercise

12th March 2018

The National Landlords Association (NLA) is calling for the Government to repeal the fee that councils can now charge when an Article 4 Direction has been implemented. Article 4 Directions removing permitted development rights in specific areas can be actioned by local authorities so anyone, including homeowners, wanting to change the use of a property […]

Property sale – tenant has moved out and not returned keys?

12th March 2018

My tenant was given 2 months notice when the house was put on the market (1 yr ago) but allowed to stay on a month-by-month basis until sale of the property or she found a Council house. A sale was agreed in October (over 4 months ago) and she was notified. So since then it […]

Freehold operating as a Ltd Company?

12th March 2018

I have purchased a leasehold flat which is one of three in the building. I have also purchased a half share in the freehold. This is my first venture into leasehold property. Myself and the other freeholder are currently in negotiations with the third flat leaseholder who wants to buy a share in the freehold. […]

To go HMO on our own or not to go?

12th March 2018

Dear all, We are currently renting our 3 bedroom/2 bathroom flat, through an Agency in Bristol, to two unmarried couples. We pay 13,5% fee for the full management of the flat. Initially, when our flat was put on the market and rented out by this Agency there was no mention of it being regarded as […]

Remove VAT on Home Safety Products – Petition

12th March 2018

Please could this petition be included on Property118. Axe Safety Tax, remove VAT on safety products & services for residential homes Residential safety products & services are taxed at 20%, such items include: smoke alarms; annual gas safety checks; fire blankets; carbon monoxide detectors. Despite still being part of the EU, the Government does have […]

Reasons for not selecting tenant and claims of discrimination?

8th March 2018

I have had an enquiry from a disabled gentleman who has two dogs to help him with his disability and has disability benefits as his only income. He has claimed that Citizens Advice and the local council have both told him that it is illegal for a landlord to refuse to let him a property […]

80% Buy to Let LTV now offered by Ipswich BS

8th March 2018

Ipswich Building Society now offer 80% Loan To Value on their Buy to Let mortgage range for a minimum loan of £75,000. There is a 2 year Discounted rate available at 2.95% (variable rate currently 5.49% with a discount of 2.54% until 2 years from completion date). Application fee £199 and completion fee £950. Also […]

Snow delayed form 6A?

8th March 2018

I have sent a form 6A to my Tenants dated the 28 Feb with the notice expiring the 1st May. However, the tenant did not receive the notice until the 5 March and is complaining that she will have less than the 2 months notice as per contract. What can I do? I have two […]

TDS tenancy deposit disputes and adjudication courses

8th March 2018

Tenancy Deposit Scheme (TDS), has announced new dates for its Academy courses, delivering training on tenancy deposit disputes and adjudication to agents and landlords. TDS’ popular Foundation Course and Adjudication Workshops will be held in cities across the UK and will provide accredited Continued Professional Development (CPD) certification. The Foundation Course is a full day […]

Statutory requirement to give new landlord’s name and address?

8th March 2018

I have read that under the Landlord and Tenant Act 1985 Section 3 there is a statutory requirement for BOTH the vendor landlord and purchaser landlord to advise a tenant of a change and the new landlord’s actual address, max fine £2500. Interestingly I can’t find anything on “a well known landlord portal” so came […]

How to deal with utility charge after tenant left

8th March 2018

Hi, I’d like to ask everyone how you deal with utilities after tenant has left and before new tenant moves in. The problem is that I may not know which electric, gas or water company the tenant chose to use, and may never receive a letter from utility company as they only send bills to […]

Sweat Assets?

7th March 2018

My question is would it be better to release equity from your rental portfolio whenever the opportunity may arise or to leave it where it is? If it is the latter then I guess there is a real risk that should the market crash, then there goes your equity as well. If I release equity […]

Stamp duty refund via Limited Company?

7th March 2018

My hubby and I were unable to sell our residential property (1) before buying our new residential home (2) so we therefore paid an extra £11k in stamp duty because of the second home rule. In the meantime we’ve rented out property (1). We always planned to sell (1) before the three year mark, and […]

Is electric heating a better option to gas central heating?

7th March 2018

I am in a dilemma; I would like to ask other experienced landlord’s opinion. My previous house has storage heaters, I am planning to let it out. Should I upgrade the heating for modern slim electric radiators or install gas central heating? I knew the benefits of an electric heating system has no annual maintenance […]

Nottingham Council follow up letter – Making 350 homeless

6th March 2018

Follow up letter to Nottingham City Councillors regarding disastrous Selective Licensing that will force me into making 350 people homeless Dear Rav & John, Regarding your letter dated 2 March 2018. You say you are not sure if I’m aware, but the Council undertook an extensive consultation. No I was not aware of the consultation […]

JRF report is a missed opportunity to sort out Government’s mess

6th March 2018

The Joseph Rowntree Foundation (JRF) has once more commissioned work on ‘how to improve’ the private rented sector, using researchers from the Cambridge Centre for Housing and Planning Research. I have previously critiqued their work Click Here. I find their latest report is a missed opportunity to sort out the mess that is of the Government’s […]

Fire safety risk assessment required?

6th March 2018

My question is quite simple it involves a fire assessment and whether I need to do one or not. I understand you do not need to do a fire risk assessment for HMOs if their ‘joint tenancies’ or if their standard family lets. However, what about a 4 bed licenced HMO previously let on a […]

What paperwork do I need if joint tenants break-up?

6th March 2018

My property is occupied by joint tenants who are about to break-up after 11 months of a 12 month AST agreement. When visiting two weeks ago, one of the tenants told me that his partner had moved out and that he may want to leave if he and she decided that their differences were irreconcilable. […]