We’re buying a new home to live in ourselves & have therefore been trying to sell our current main home. This is taking longer than we wanted and we’re on a timeline as the builders for the new home set the exchange and completion dates according to their build schedule. My IFA suggested that rather […]

As an accountant I know the Capital Gains rules regarding selling a BLT property that you once lived in. However, has any one got any advise on the rules in selling part of the garden of a house you once lived in. How do you calculate the base cost to use in the computation to […]

I have recently filled out my tax return, and in checking over my accounts, found that one tenant missed one payment. It was a flat share and the other rents for the other rooms had come in. I hadn’t noticed the missing rent at the time. This tenant has now left. I have an email […]

The following post is based on an article first published on Bill Irvine’s website. He covers a topic close to the heart of all landlords involved with benefit dependent tenants. The message he promotes is something I can relate to as I’m dealing with landlords every day of the week faced with similar rental loss. […]

The number of properties available to rent in London stood at 46% below the national average in January, ARLA Propertymark reveals. As landlords are increasingly priced out of the capital, tenants are finding themselves up against stiff competition for rental properties. In January, letting agents in London were typically managing 99 properties, compared to a […]

Subject to approval by Parliament more properties will fall under Mandatory HMO licensing by this October. Currently Mandatory HMO licensing cover the standard definition of 3 story, 5 occupants in 2 or more families. Now the regulations will also cover purpose built flats where there are up to 2 flats in the block. Click Here […]

44% of Scottish tenants saw their rent costs rise in January, a considerable contrast to the national average of 19%, ARLA Propertymark reveals. The findings come following the introduction of the new Private Rented (Tenancies) (Scotland) Act on 1st December 2017, highlighting a market reaction to indefinite tenancies and the potential for rent controls. David […]

Due to the Anti Money Laundering regulations of 2017 changes, when the regulator changed from OFT to HMRC, we are legally obliged to carry out an AML check on all our landlords to ensure everyone is compliant with the law. During the next few weeks we are going having to undertake the checks on all […]

We bought a house as an investment rental property in January 2016. A new boiler had been fitted in December 2015 so we were fairly confident that we would not be incurring expense on the boiler for a few years. We had used an agent for various activities on the marketing and letting process and […]

If anyone is interested is seeing some pointless, mind-numbing questions ( and have insomnia ) take a look at the below.  –  my response email to them is ; – ” What a pointless and complex mind-numbing set of questions, What are you trying to achieve, – certainly not engagement with a significant number of […]

The Institute for Fiscal Studies issued the Briefing Note “The decline of homeownership among young adults” on 16 February. It contained findings, but did not make any recommendations. The key findings were: Today’s young adults are significantly less likely to own a home at a given age than those born only five or ten years […]

Boosting confidence in the industry Virgin Money is to enter portfolio Buy to Let mortgage market this year. Virgin Money announced: “Overall, we achieved a market share of gross lending of 3.3% despite lowering volumes towards the end of the year to manage margins and protect returns in an increasingly competitive market. “Further progress in […]

I wish to remove some of my properties from Haart Lettings in Fleet due to several reasons. These include be over-charged by tradesmen they have employed, lack of property management and generally very poor value for money. When raising the question of how much notice was required to take back management myself, I was told […]

If I buy a property, do it up, and sell it on, I think I have to pay income tax  on the profit. If I buy a property, do it up, put in a tenant, then sell it down the line, I have to pay CGT. My question is: What is the cross over point […]

Lettings agent Nicholas George recently admitted indirect discrimination on the grounds of sex, settling out of court with single mother Rosie Keogh. She was paid £2,000 compensation, because her application was refused on the grounds of being in receipt of benefits. The action was reported today on the BBC news website (Click here to read […]

Hi All, Just had this piece of new legislation pointed out to me by a client. Although I heard Sajid Javid’s sabre rattling around Christmas, I hadn’t heard much more on it since. The new piece of legislation, made 20/02/2018 and laid before parliament 23/02/2018 appears to be coming in to force 01/10/2018 and would […]

I have one property rented out since I down graded to a small flat in August 2016 only. I am thinking of opening limited company as people say that is more tax sufficient, and asset is owned by the company rather than myself which can paid for my care in old age. Can anyone guide […]

Our Own Property118 member Mick Roberts appears on BBC Radio Nottingham’s Mark Dennison Show. Mick tells it how it is in his own inimitable style and how Selective Licensing is going to directly affect his Benefits Tenants. Click Here for BBC Iplayer Mark Dennison starts talking about Licensing @ 1hr 12min and 30 seconds. He […]

Granite House is a Grade II listed building on Stanley Street in central Liverpool. Built in the traditional construction style of the early 20th Century, it will be re-purposed to a boutique student accommodation development. Many of the buildings on Stanley Street are old warehouses (a nod to Liverpool’s industrial past) that have been converted […]

I have had a tenant move out of a property recently and because it was 2 weeks into the month I was told that I would not get the rental payment. The Universal Credit team told me that if it had been 3.5 weeks into to the month I probably would of got the rent. […]

I would really appreciate an opinion on this from those who might have been sued for more than three times deposit and any legal experts who post on here. I am concerned about the many “ambulance chasing” legal firms around who are promising to get tenants awards of up to nine times deposit. While some […]