Page 652 – Property118

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 […]

Rent increase procedure with no clause in AST?

26th June 2017

I have discussed an increase in rent with one of my tenants. They have verbally agreed (and are indeed very happy as they thought the increase would be more!) This particular tenant has been with me for 5 years and I have not increased the rent during that time. There is no clause relating to […]

Are Limited Company Buy to Let Mortgages worth it?

26th June 2017

Before I start, please don’t confuse me with the other more knowledgeable and financially astute Neil Patterson on this forum! I can see the merits of holding property in a limited company given the changes to the tax treatment of mortgage interest. However, I’m hitting a problem in practice. I’ve recently remortgaged a property held […]

Liverpool Council lose at Property Tribunal

26th June 2017

SWEENEY V LIVERPOOL CITY COUNCIL. FIRST TIER TRIBUNAL MANCHESTER CASE REF MAN/OOBY/HML/2016/0005. The tribunal has released its decision dated 22/6/2017. There were a number of arguments advanced in the above case, and while Liverpool technically could appeal , the tribunal has ruled that the Council must amend all its landlord licences. The Local authority expended […]

Neighbour painting my driveway without permission?

26th June 2017

I have nasty neighbours who think they own the street and have been repeatedly accused of scamming/stealing from people – unfortunately my property and gardens adjoin theirs (in an L shape) so there is no escape. I have just come home from a day out and they have painted their tarmacked driveway with driveway paint […]