I’ve just got married and I’m wondering if this changes how I should manage my buy to let property. I own a buy to let property with a mortgage (both solely in my name). The property is worth approximately £350k and the mortgage is £262,500 and 75% LTV – the monthly mortgage payment is about […]

Can anyone tell me if one is exempt from the additional 3% SDLT levy on a new house we bought after the change last year? We use it as a serviced accommodation to students providing breakfast and Dinner or just breakfast depending upon the students. Does that exempt it from the SDLT surcharge? If not […]

My wife is a basic rate tax payer and solely owns one property (with no mortgage) which she rents out. I also solely own one property (again with no mortgage) which I rent out. Annual rentals are around £6,000 per property. I currently have no other income apart from the rent of £6,000 from my […]

We are the leaseholders of an ex-council flat in a block of 12, roughly 50-60 years old, and the council is the freeholder. Their fire risk assessors claim that the front doors of the flats (open onto the communal stairwell) do not comply with current fire safety regulations, and so they want to force all […]

I have 8 buy to let’s which have interest only mortgages 0f about £480,000 producing an income of around 68k of course that’s gross without any agent fees repairs or interest. Can I place them in a Trust for my 4 children. Also will the section 24 still apply. Children are 34 25 23 and […]

Can any member comment upon their experience using ‘Lease Option Agreements’ to build a property portfolio? A friend of mine has just returned from a 3 days intensive training course run in Wolverhampton, and is full of enthusiasm based upon what he learned. I’m just a wee bit skeptical over the ease in which this […]

On Thursday 25th May 2017 ‘Rumble with the Agents’, an annual white collar charity boxing event in association with Landlord Action and sponsored by Hamilton Fraser, raised £18,000 for Noah’s Ark Children’s Hospice. The sell-out event, which took place at The Holiday Inn Finchley Central, brought together a room filled with property professionals, including estate/letting […]

Hi my lodger been evicted yesterday, I gave her notice she was agreed to move by end of the month the when the time was to vacate the room then she suddenly changed she said has nowhere to go refused to move police were called then before the police come she disappeared she left her […]

I own a single 2 bed terraced property which has been let to the same working single tenant for just over 3 years. The tenant has unfortunately lost his job recently, and reached out asking if I would give him a new 6 month AST agreement which he claimed he needs in order to claim […]

One of the most common issues for landlords in relation to the new Universal Credit system is requesting a Landlord Managed Payment. Under the LHA scheme this was known as simply “direct payments” to landlords. Unlike Housing Benefit & LHA, where landlords could secure direct payment of the Housing Benefit (LHA) by statutory right (regulation […]

I self-manage a property in London and I used a letting agency to find my tenant. My contract with the letting agent states there is a fee to be paid for tenancy renewal (5% +VAT, periodic basis included). The tenant has contacted me well in advance of the expiration of the current tenancy term requesting […]

Hi, I am in need of some thoughts/ideas from the Gurus here. Wife and I live in our flat in London – Mortgage with First Direct. About 210k mortgage left, flat value 500k. Mortgage is being switched to an offset interest only mortgage circa £300pm still with First Direct. Potential rental income £1650pm from flat. […]

We are considering buying the house next door and combining it with our own house to create one property. We would then rent out the bedrooms under the rent-a-room-in-your-own-home scheme, which would be more tax efficient than renting out the house separately. From a legal point of view, does this sound viable, and what arrangements […]

Following a recent brain hemorrhage, I’ve decided to move abroad, with my husband, for health reasons. The silver lining is that hopefully I can sell my 5 rental properties with reduced CGT (up to April 15). I had the properties valued as at April 15 but have owned them for 15 years or more and […]

The proportion of landlords who use a letting agent to help manage their property has spiked since the end of last year, according to a recent survey of property investors.* Six in ten (61 per cent) landlords say they currently use a letting agent to manage their properties, a rise of seven per cent since […]

I have the following question regarding taxation of a limited company. Background: I hold two residential rental properties in joint ownership with my spouse. Each year I complete a tax return on these. Last year, I purchased another BTL property off plan which is due to complete towards the end of this year. Due to […]

The following project outlines how one of our clients used our flexible property funding to turn a profit of £250,000. The client, an experienced Property Developer, purchased a former furniture showroom in Liverpool and transformed it into 15 residential flats. The client drew down the funding in multiple tranches in line with his schedule of […]

A CPD accredited briefing for property lawyers, commercial agents and local authorities on how to remove travellers from land under a High Court writ or Common Law. The Sheriffs Office are authorised High Court Enforcement Officers. They are highly experienced in transferring up a possession order to the High Court and successfully conducting the eviction […]

Some accountants have been telling their clients that if they want to claim they run the “business” as a “partnership” then they will automatically have to pay National Insurance. “That can’t be right”, I hear you cry! Well it’s not quite clear cut, so I decided to do some more research on the subject and […]

Until quite recently, many professional advisers (including myself) have argued that a partnership doesn’t exist unless HMRC has issued a rental property Partnership Unique Tax Reference number “UTR” and that three years of partnership returns have been submitted and accepted. However, earlier this year I was made aware of HMRC issuing non-statutory clearance for the […]

I’m interested in your feedback on a series of Landlord Tax Planning Clinic Webinars I’m planning.  Each webinar will answer 5 pre-submitted questions from subscribers, and if time allows we will answer a selection of live questions too. My co-host will be Mark Smith, Head of Chambers at Cotswold Barristers and Honorary Legal Counsel for The […]