Page 631 – Property118

What is wrong with this Government?

3rd July 2017

Sajid Javid has granted an amnesty from prosecution for tenants that illegally subletted their council property in Grenfell Towers. This despite the limited and long overdue legislation introduced by the Tory government only a few years ago. He has probably given the green light and amnesty to anybody who was responsible for innocent adults and […]

House of Commons Debate on Universal Credit

3rd July 2017

On Tuesday 27th June 2017 there was a debate in the House of Commons on Universal Credit, Damian Hinds Minister for Employment informed the audience that DWP recognised the concerns raised and are working to resolve them. To date over a million people have made a Universal Credit Claim with £530,000 currently on the new […]

Disputes with contractors and eye watering debt collection fee?

30th June 2017

Dear 118 Readers and Team, I’ve got an on going issue with a window contractor who overhauled the sash windows on a listed property we rent out, being listed means no UPVC so we upgraded the existing to be as efficient as they could be. Total job came to over £10k. However, I have an […]

The rise in popularity of the serviced apartment

30th June 2017

In today’s age, our requirements are constantly changing and individuals are increasingly requiring flexibility with regards to their travel accommodation. Hotels have restricted offerings that cannot always accommodate the needs of the modern traveler, hence why more people are considering serviced apartments. Serviced apartments – the concept Serviced apartments are a relatively recent phenomenon. They […]

Chances of getting rent from a Tier 2 long term staff migrant?

30th June 2017

I have a tenant in an HMO who, after 6 weeks of his 6 month contract has said his company is moving him. As such, he has said he will leave in 3 weeks and only pay then. As the area is now quite hard to find tenants in (and as I had more than […]

Landlords insurance for asylum seekers and refugees?

30th June 2017

Can BTL insurance be obtained for a Landlord contracting to provide a house for a company which houses such individuals for local authorities? All the usual providers seem to have an exclusion clause in the finest of the fine print. Many thanks Brian

Sale of Freehold without Freeholders approval?

29th June 2017

I would appreciate your assistance on helping resolve the following issue. I do believe we will need to take professional legal advice and would welcome recommendations on who could help. A management Company was set up to buy the freehold of a block of 6 flats in 1999. Four owners of the flats purchased 100% […]

Luxury care home investment

29th June 2017

Millpond View is a luxury care home investment based in a popular south west England retirement location with a growing elderly population and a lucrative investment allowing for returns of 10% for ten years. Millpond View is based in the county of Cornwall, a popular retirement destination for Britain’s elderly population due to its vast […]

Purchase money back?

29th June 2017

I would like to know if you by a property out of your own money, can you take the money back each year from the profit of your rent tax free? Any ideas would be appreciated regards Tony

Can anyone provide me with a link to a downloadable Section 21 form?

28th June 2017

This may be the first time we’ve had to do this …. so I need a Section 21 form to issue to my tenant, but doing a Google Search seems to offer only agencies requiring me to complete details – who will then no doubt (despite stating they are FREE) expect me to pay a […]

Student Buy to Let opportunity in Chester

28th June 2017

Northgate Studios student accommodation investment is located in the historic city of Chester and just 700m from the university campus. Investors can enjoy 40% net return over 5 years starting August 2018. Chester is one of England’s oldest and most historic cities where planning permission is nearly impossible, making this development an incredibly rare opportunity. […]

‘No deposit’ insurance product debate

28th June 2017

With tenancy deposits coming under fire recently, Eddie Hooker, CEO of Hamilton Fraser, parent company to mydeposits, looks at whether alternative insurance products, offering a deposit free solution, protect both landlords and tenants, and if they improve the Private Rented Sector (PRS). To address these questions and many more potential issues, mydeposits has today released […]

Accused of HMO by Newham – Help

28th June 2017

I have a buy to let in Newham and I have a Selective Licence. I rented out my property to a family of 2 and their family friend so that’s 3 tenants in total in May 2017. I included all the names of the tenants in the Tenancy Agreement. Newham Council Enforcement Team have told […]

Private road or adopted highway?

28th June 2017

I own a property that was purchased by my parents in 1992 and I need to establish if it is still on a private road or adopted highway? The property was one of only five properties on a private lane that leads to a farm at the end. The property sits at the beginning of […]

SDLT Treatment For Property Partnerships At Incorporation

28th June 2017

Why is the SDLT treatment of partnership property different to individually owned property at the point of incorporation? Property118 Limited has raised this very important issue with HMRC in an open latter dated 28th June 2017, the content of which reads as follows:  This request for clarification is a follow up to our letter dated […]

Off-plan completion due soon but will the cladding comply with fire regs?

27th June 2017

I bought a 4th floor flat off plan in 2014 which is scheduled for completion at year end 2017. In view of the cladding issues I am wondering if the cladding will be compatible with current fire regulation thinking? Does the local authority need to sign off on the building before I pay the o/s […]

How do I treat expenses on properties within my limited company?

27th June 2017

I have had a limited company running for around 10 years for my main work, in the last few years I have purchased some properties for cash in order to rent out. Last year I bought a flat and spent around £4k changing the kitchen, bathroom, some new electrics and generally giving it a paint […]

Sir Thomas House BTL in Liverpool will captivate students

27th June 2017

Sir Thomas House is enviably located in central Liverpool close to many university campuses, prices for units in this student accommodation development start from £75,000. A rental income of 8.4% for two years is assured. This is an eye-catching development is in the best city centre location. The grand arches and period façade are distinguishable […]

Reinstall an old coin meter modified for new £1 and risk a £5,000 fine

27th June 2017

Many landlords are still using coin sub-meters to charge tenants for gas and electricity. These will not work after 15 October 2017 when old pound coins cease to be legal tender, and many landlords and agents might be tempted to remove the old meters to modify them. However, the legislation changed in October 2016 and […]

Smart Property

What does a hung parliament mean for the HMO market?

27th June 2017

As if the recent heatwave wasn’t bad enough, Theresa May has been enduring sleepless nights since her nightmare snap election. Whatever your political beliefs, there’s no denying that May lost impetus at the finish line, particularly with a resurgent Corbyn snapping at her heels. Labour made inroads across the country, stealing a 9.5% increase in […]