Page 644 – Property118

Lead tenant Subletting turns out to be a letting agent!

10th April 2017

I have a tenancy agreement with an Individual who turns out to be a letting agent. He has been subletting the property out for a while, his actually not living there and there is no deposit involved hence no deposit protection required. His tenancy agreement is now a periodic one as his tenancy ended in […]

Tenant facing eviction has reported break in and wants new front door key?

10th April 2017

My tenant is facing eviction due to rent arrears and has reported a break in. I’m seeking your advice to what may seem an obvious answer. She apparently was away on holiday and phoned the letting agents to advise that her ex boyfriend drove past the house and informed her that the house had been […]

Worried about the effect of doubling ground rent on extending or selling?

9th April 2017

I’m in the process of purchasing a maisonette with ground rent doubling every 25yrs and will be £4,000 in 100yrs. I appreciate £4,000 will probably be £400 of today then but won’t this affect the cost of extension in 40yrs when it’ll be down to 80yrs? The current term is 122. I’m worried about the […]

Damp having a serious affect on our tenants

7th April 2017

At one of our BTL Property, we had some wall damp issues (apparently caused by outer wall/ roof) and have contacted the managing agent/freeholder around 5-6 months back and have been constantly asking them to do the rectification work. They are not denying to do the work,  but also not giving us a timeline. Every […]

Agent fees ban consultation confirmed with ARLA calling the policy shambolic

7th April 2017

Agents will be able to respond until the 2nd of June to the government consultation on banning letting agent fees to tenants. This is in an effort to make the upfront costs of starting a new rental for tenants more affordable. The Government said it is looking to halt unfair charges being imposed and stop […]

Flytipping on Private Roads

6th April 2017

I have a residential property on a private lane and my tenant is constantly complaining about the fly tipping and other undesirable activities. Mine is the only residence on the lane – there are garages on the road and some commercial premises that back onto the lane, and these all have rights of access. Putting […]

Ongoing tenancy fee for renewal by management company

6th April 2017

I rent out two flats in Reading. In one case the freeholder’s agent (Simarc – mentioned elsewhere in your forums) asked me to register my tenant. I duly did and paid the requested fee. I have now received a further charge for tenancy renewal despite the fact that my tenant is staying on and has […]

Forming a partnership and description of trade?

6th April 2017

I read with interest regarding partnerships to mitigate tax. I have spoken to my accountant and he says when it comes to the application to set up a partnership tax UTR (unique tax reference) the description of the trade involved has to be specified which he reckons could be an issue because HMRC may argue […]

More like 40% than 1 in 5 according to AXA

6th April 2017

Independent research carried out by AXA reveals over 40% of Landlords asked think they will be worse of after Section 24 mortgage interest relief reductions. This compares to the standard government and treasury policy script quoting only 1 in 5 landlords will be affected by the tax changes made in the Summer Budget 2015 and […]

New BTL site launch in Manchester’s fastest growing neighbourhood

5th April 2017

An exclusive new site launch has been launched in Castlefield, which is Manchester’s fastest growing neighbourhood. No. 1 Castlefield offers a stylish mix of one and two bedroom apartments, two bedroom duplexes and three bedroom triplexes. Within the fabulous district of Castlefield, Manchester, this development offers stunning new apartments at a gateway to the city. Request […]

Buying a house without building regs for loft conversion pre 1985?

5th April 2017

I am currently in the process of purchasing my first house. The property is a bungalow with a loft conversion providing four bedrooms upstairs, converted in 1981 with planning permission. The problem we have encountered is that since the renovation was undertaken in 1981 it does not have a certificate of compliance with building regulations […]

Tribunal for council tax when I do use the land?

5th April 2017

Does anyone know of any legal arguments and cases in law re tribunal for council tax liability on one of my properties. I have a property with two separate sets of deeds and the land I use myself and have my mail delivered to and the house on separate deed I rent and have DHS […]

Henry Pryor dismisses landlord concerns over Section 24 as “complete pants”

5th April 2017

Henry Pryor, according to his own website, is the “The BBC’s favourite property expert.” His Bio says “for the past nine years I have worked as a ‘buying agent‘, sourcing homes and other assets for the rich and famous and for the plain hard working.” However, in a Twitter spat with the RLA, Pryor claimed that […]

London House Building Set To Halve

5th April 2017

According to Savilles, “the London Plan” is to build 42,000 homes a year in the UK Capital whilst housing demand is thought to be nearer to 64,000. However, lower sales rates are predicted to see the number of homes developed in London by 2021 plummet to just 18,000. What is driving this one might ask? Could it […]

Landlord Events Calendar – It’s for YOU!

4th April 2017

This Landlord Events Calendar is intended to unite the Private Rented Sector. We have made it FREE for all landlord event organisers to promote their events. Alerts enable landlords to be informed of new events in their area. Users can search by maps, by date or a list of events in date order. The Events Calendar sits […]

Tax Advice Negligence – Can I Sue My Accountant?

4th April 2017

My wife and I jointly own a portfolio of 42 properties.  We recently sought advice on incorporation from an independent tax adviser who, interestingly, referred us to Property118 and suggested we look into BICT to avoid refinancing. I have to admit to being instantly hooked. Our reasons for considering incorporation are:- We want to start […]

New Family Building Society Offset BTL designed to mitigate section 24

4th April 2017

The new Buy to Let Offset mortgage has been designed by the Family Building Society to help reduce the impact of Section 24 tax changes for private residential landlords. Any money held a linked savings account with the Society will reduce the balance for which loan interest is calculated on the mortgage by the same […]

Liverpool keep issuing the licence to my bank?

4th April 2017

Can I ask has anyone else had this with this pathetic Council !! I have been getting my properties Licensed with Liverpool City Council and they keep issuing the License to the bank instead of me for some reason. Every time they issue me with a licence I have to email them telling them that […]

Axe The Tenant Tax Awareness Week – Get Involved

4th April 2017

This Thursday the much-maligned Section 24 comes into effect. The Axe the Tenant Tax coalition are marking this important day with a stream of new content featuring the RLA, NLA, ARLA, landlords and various coalition partners, in a new drive to raise awareness amongst landlords who as yet still don’t know the gravity of the […]