Page 633 – Property118

Should student landlords offer All-Inclusive Bills in 2018?

20th November 2017

An increasing amount of student tenants are becoming attracted to the idea of an all-inclusive rent package because it allows them to forecast their outgoings more precisely, and it makes their life simpler. If you’re a landlord who’s considering an all-inclusive rent offer for the 18/19 academic cycle (or even to young professionals in a […]

Letter to Universal Credit and MP

20th November 2017

This is a copy of an email I sent to Mr Rhodes under the advice of ICE, as they said that way I would get a decision. Guess what no reply. This was then sent to my MP who contacted U/C who answered him, but not to address any of my complaints. He has now […]

Cold snap solutions

20th November 2017

Protect your rental property and ensure tenants are happy and warm this winter with 12 simple steps from the experts at Belvoir. 1) Avoid the big freeze “As we enter the colder months it’s important to remind tenants that if they are planning to be away from a property for a few days they should […]

ONS take £70bn of Housing Association debt off Government Balance sheet

17th November 2017

In 2015 the Office for National Statistics (ONS) decided that Housing Associations were under such direct levels of control by the government they could no longer be classified as charities or private businesses and so added their debt to government borrowing. However, new regulations going through Parliament mean the government have a sufficiently ‘hands off’ […]

Moving parents into an FHL – what would I owe to HMRC

16th November 2017

I’ve a tax question concerning furnished holiday lets and personal occupation In 2016 I bought a flat and spent £20k on renovating it, with a view to making it a furnished holiday let (FHL) in the short term. I also had in mind that in the long term the flat might make a home for […]

DWP inquiry into UC rent arrears

16th November 2017

Finally the DWP announce that they are launching an inquiry into whether Universal Credit (UC) is pushing claimants into rent arrears. This was revealed by Caroline Dineage, Parliamentary Under-Secretary (Department for Work and Pensions),  in the House of Commons and I’m sure we as landlords will be very interested to see this report. Speaking in […]

Agent letter evicting UC tenants read out by Corbyn in PMQs

16th November 2017

Jeremy Corbyn used one of his 5 questions to the Prime Minister in the House of Commons PMQs to read out a letter from GAP Property saying it was giving every single one of its Universal Credit (UC) tenants two months’ notice ahead of the roll-out of UC in the area. The letter said: “GAP […]

The private rented sector is ready to help fix the ‘broken housing market’

15th November 2017

Housing will take centre stage in the forthcoming Budget, with the emphasis on building more homes and on increasing the number of owner-occupiers. If, however, the Government wants a country which works for everyone, it also needs to address the needs of those who will never be able to buy. With 16 million British people […]

Partner terminally ill

15th November 2017

My partner and I own 10 rental properties. All the title deeds and mortgages are in her name as I was made bankrupt some years ago. I have managed these properties alone since we purchased them. In the event of her death what happens ? Can I still operate this business, even though all banking […]

Good Reasons For Landlords To Become Non-Resident For Tax Purposes

15th November 2017

Did you know; if you become non-resident for tax purposes you only pay CGT on capital appreciation since April 2015 on your rental properties? A few weeks ago I shared a tax planning strategy based on this (link here) and since then I have already been contacted by four landlords who are now residing in […]

How to gain vacant possession when ex-partner has remained?

15th November 2017

Hi, I’m a property sourcer/trader looking to resolve a legal situation with a purchase to gain vacant possession of a property. Looking to learn what options apply to resolve the situation, so the sale can proceed. An overview is below. I have a property deal whereby the vendor has accepted a reasonable discount on the […]

Property118 Founder Sends Open Letter To Chancellor Philip Hammond

15th November 2017

Dear Mr Hammond On behalf of the UK Private Rented Sector represented by the Property118 online community our requests are both simple and straight forward to implement and have no cost implications to HM Treasury. Please help all UK private housing providers (AKA buy-to-let landlords), who wish to do so, to professionalise and corporatise their […]

Stamp duty sign

Retrospective Stamp Duty after change of use?

15th November 2017

Suppose I decide to nominate a former rental property long in my possession as my main home within the permitted window for making the election. My main home, purchased in 2016, now becomes my second home. I paid only the ordinary stamp duty when I purchased it, since it involved the exchange of one main […]

Property118 Tax Overwhelmed Pre-Budget

14th November 2017

The number of landlords who want to complete their business restructuring and associated tax planning before the Nov 22nd Autumn Budget has hit record levels for Property118. We are now booking consultations for after the Budget on a first come first served basis. Whatever is announced in the Budget affecting landlords, for better or for worse, […]

Will you be hit by the Budget?

14th November 2017

Hi, I write for The Guardian (I’m their money editor) and we’re keen to profile a landlord ahead of next week’s Budget – looking at the sorts of things that have affected you financially over the past year, what you want from the Budget, etc. On the day we’ll ring back for any reaction. We’d […]

Tradesman sends invoice 6 months late – I have no recollection of job?

14th November 2017

I have a few properties in London; I manage the properties myself mostly, and so I often engage the services of various handymen. As you can imagine, most handymen are most insistent on being paid as soon as the job is completed. Naturally, I pay handymen immediately (or the next day at most), and since […]

The Police and Council have moved my tenant without telling me?

13th November 2017

Hi, Can anybody help me? About 4 months ago my tenant rang me to ask if I had any other properties available that she, and her family, could move into asap. Apparently “some bad lads” had threatened her partner and they needed to get away immediately. I told her that, unfortunately, I had no vacant […]

£2,173.86 recovered from DWP

13th November 2017

Two months ago I published a case study: Live Universal Credit horror case study In short we were approached by a PRS Landlord, he had granted a Tenancy in March, the tenant was on Universal Credit. After weeks of both the tenant and landlord communicating with Universal Credit and being misinformed that the Housing Costs […]

NAEA former President chases down answers to SDLT and CGT proposals

13th November 2017

The former President of the National Association of Estate Agents (NAEA), Simon Gerrard, has sent another open letter to Housing Minister, Alok Sharma, chasing for a response to his housing market proposals. The first letter was ignored by the Housing Ministry and just passed on to the Treasury receiving a cursory reply. The plans given […]

Issue with Management company random charges?

13th November 2017

Have a couple of flats in one block. The typical lease fee was £195 every quarter. The solicitors acting on their behalf are now threatening to take us to court for breach of contract and are threatening to apply to the courts for a Possession Order if we do not pay the outstanding balance of […]