Under the Taking Control of Goods Regulations 2013, which came into effect in April 2014, a notice of enforcement must be sent to the enforcement address. Notice of enforcement This is normally the address on the judgment, and the purpose is to give the debtor seven clear days in which to pay in full prior […]

My Interest only BTL mortgage is coming up for renewal and I’m looking at fixing in for between 5 and 10 years. My question to you guys is more of a “What would you do?” no right or wrong answer I guess. 23 yr term, not planning on selling, use difference between mortgage payment and […]

I’m writing with a question, as there is nowhere I can get the answer. I’m interested in a First Time Buyer Mortgage and I’m a director of my own company for the last 4 years. I have Annual Accounts for 2016 already, and it’s not showing much for dividends taken. Now to be able to […]

I am looking to expand my property business, as looking to reduce hours at current job and focus on developing income from property. I am considering remortgaging a property that is on a 5 year fix, as it has 60k of equity. However, remortgaging before 2020 would cost £3500. Appreciate peoples thoughts/experience of the opportunity […]

Paragon Mortgages’ Private Rental Sector (PRS) Trends Report for Q2 2017 was based on interviews with 201 experienced residential landlords. The landlords surveyed were asked to list in order of their priorities the steps they would most like the government to take next to help with their rental businesses. Number 1 priority was the reversal […]

I registered for Liverpool’s landlord licensing scheme with a tenant already in place and a contract already signed. They did a compliance inspection and tell me that I contravene the inspection conditions, because the contract does not contain a specific clause. While I am happy that all future contracts include this new clause, surely I […]

Has anyone used a trace agent to trace ex tenants? Was it done to your satisfaction? Can you recommend any good companies. Thanks wanda

Hello I’ve read the article about “Capital v revenue expenditure on the first Refurb” , very informative. If after moving in to my residential property I were to furnish an empty room for a lodger, would that be an allowable expense? Likewise if I were to simply replace the old furniture in lodger bedroom, and re-decorate would […]

My tenant wants to cancel the contract on 3rd July, without notice said she don’t want pay anymore rent and is already £3800 in arrears. We agreed and my tenant signed the tenancy surrender agreement, but refuse to surrender keys. She told me she will hold keys until she takes her belongings from the house […]

I’ve been researching the merits of buying a property as an individual, and creating a Declaration of Trust (DoT) to nominate the beneficial owner as my company. What I have determined so far is: • The mortgage lenders take their security against legal ownership ie the individual. • The legal title at HM Land Registry […]

My wife and I own both flats (leasehold) in a Victorian conversion. We also own the freehold. There are no other flats. I am looking to extend the leaseholds on the flats as they are about 75 years remaining. What should we consider when deciding on the length of the extensions? We have not done […]

My husband and I own 6 houses, 4 are in joint names, 2 are in my sole name only. I work part time and my husband is retired so we are relatively low earners. Even with our rental income we are well below the higher level tax bracket. We are looking to buy another property […]

I have mentioned this once or twice in the past, but I’m now giving it serious consideration as the roll out of Universal Credit looms. I’m not looking for alternative suggestions on how to solve the problem, rather just answers as to how this could be achieved. I’m talking about car logbook loans as a […]

The Residential Landlords Association (RLA) have reported on figures obtained from DUP MP Jim Shannon’s parliamentary questions requesting figures on HMRC self assessment tax brackets for the 1.9 million unincorporated individual landlords in the UK. Of these 66% or two thirds of all individual landlords are basic rate tax payers, 30% are high rate tax […]

I just thought I would write a brief post setting out what it is we do and what we offer clients who come to us for one to one advice. With my one to one consultancy / coaching sessions, people can explore whatever area is of special interest to them, work out a particular buy […]

Mortgages for Business have reported that 78% of all Buy to Let applications are now in the name of limited companies post Section 24 mortgage interest relief reductions coming into force. 73% of all completions including remortgages this quarter were for limited companies up from 62% in the first quarter of this year. Click here […]

2017 may be proving to be a tough year for Buy to Let landlords, who face increased taxation by the HMRC and a more stringent lending environment as a result of PRA changes, but there are alternative areas of property investment that may actually benefit from legislative intervention this year. At the start of the […]

Professor David Miles was a Monetary Policy Committee member at the Bank of England from 2009 until 2015 and has said the tax attacks against landlords by the government with Section 24 and Stamp Duty surcharges are “profoundly wrongheaded”. Speaking at an event held by New City Agenda David Miles told the audience that government policies designed […]

I have a tenant who left in the middle of a tenancy never returned, but with all of their belongings still in the house. To add to the misery, the letting agent also folded at the same time, so we have no valid contact details of the tenants nor even the number of deposit lodged […]

Hi, I have 4 properties all with British Gas Home care policies for central heating breakdown. The renewal premiums appear to be 10% up on last year. I have been on the phone and argued successfully for a discount but would like to look at better value alternatives. The cost for a 2 bedroom flat […]

I made a post a few months ago here: https://www.property118.com/im-being-threatened-by-a-tenants-solicitor/94613/ So after all these months I have an update on this. The tenants solicitor got a surveyor, who confirmed minimal works needed to be done. He confirmed the mould in the brand new kitchen was caused by condensation, not damp. We agreed to the scott […]