Page 658 – Property118

Tenant not handing back keys in HMO?

2nd February 2017

I have recently taken a tenant to court 26 Jan 2016, for non payment of rent, and we won, and he has 14 days to move out. He texted me on Fri 27 Jan, to say he had moved out that day and just left some bedding and food that he would collect the following […]

License to Alter on work done by previous owner

2nd February 2017

I purchased a leasehold flat 7 years ago which had been renovated a bathroom had been split to house a separate WC and wooden floors had been laid throughout the flat. It was on a short lease and I extended the lease. At the time of purchase my solicitor didn´t pick up on the fact […]

Tax Planning For Individual Buy to Let Owners

2nd February 2017

I have 10 Buy to Lets in Kent worth approximately £1.5million before CGT. Mortgages £18,000 year. Yearly rental £85,000. Most of my tenants are long term 3-5 years and this year I have increased rents moderately. I don’t want to increase rents further as I will lose good tenants. I am open to moving abroad […]

Are more landlords switching to High Court enforcement?

2nd February 2017

The July to September 2016 landlord possessions data from the Ministry of Justice continues to show an extremely long delay for the enforcement of possessions orders by County Court Bailiffs (CCBs). The average time from claim to repossession in this quarter was 42.5 weeks, 1.2 weeks longer than the same period in 2013. The time […]

Shadow Spokesman for Housing supports a tax that is increasing homelessness

2nd February 2017

Lord Beecham has been the Shadow Spokesman for Communities and Local Government (CLG) since October 2010, and for Justice since September 2012, and for Housing since September 2015.  Quite a workload, in addition to being a Councillor in Newcastle-upon-Tyne since May 1967, and consultant to Beecham Peacock Solicitors in that city. He is anti-BTL. He […]

RLA call for Section 24 rethink after Stamp Duty windfall

1st February 2017

A few weeks ago I wasn’t at all happy with the RLA (“Residential Landlords Association”) and I published a rather damning article entitled “Are the RLA losing the plot?” Well, by my reckoning, they have now redeemed themselves with a “Call for tax rethink after stamp duty windfall“ In an article yesterday on the back […]

I have been told Buy to Let is a Win Win – is this true?

1st February 2017

I’m here for some advice. As a family we are downsizing our house from £580,000 to around £300,000 and looking to invest the remaining sum in property to have some rental income. I read a book about Buy to Let properties and it looks like a win win situation, you pay a small amount of […]

How do I approach my licence application and mortgage lender for consent?

1st February 2017

I bought a flat in London(residential mortgage), whilst working as contractor close to Brighton. The idea was to move to London as and when the contract finishes. I lived in my new property for initial three months, but had to move back to Brighton as I was having few health issues and the commute was […]

Buying a property with vendors wanting to stay a few months?

31st January 2017

I plan to buy a house as a buy-to-let investment. The sellers have asked if they can continue to stay at the property (and pay rent) for a couple of months while some work is carried out at the house they are buying. I have no problem with this as I plan to rent anyway. […]

HMRC rake in £1.19 billion in Stamp Duty Surcharge

31st January 2017

In the last three months of 2016 HMRC earned £519 million extra from the 3% surcharge payable on Stamp Duty for second homes. This was from the purchase of 62,800 second homes in Q4 up from 56,200 in Q3 and 30,400 in Q2 2016 with the total revenue take amounting to £1.19 billion. In an […]

Regulated “family” Buy to Let product launched

31st January 2017

Furness for Intermediaries has launched a regulated “family” Buy to Let 5 year fixed rate product. A regulated family BTL is where it is your intention now or in the future to have a close family member live in the property. This includes in the horizontal family tree plane Brothers and Sisters and in the […]

A better alternative to S24?

31st January 2017

I was thinking about Section 24 and the news that Hammond recently commented that if we could replace the revenue expected from S24 he would consider its repeal. Revenue from S24 is due to be £665m/yr after the 4 year implementation, so I got my thinking cap on. I came up with a 2% rental […]

Fighting unfair Council tax on empty properties?

31st January 2017

I have paid hundreds of pounds in council tax in the last 12 months on empty properties. Mainly between tenants, when the properties have needed extensive work. My requests for exemptions more than 1 – 3 months have fallen on deaf ears and most recently I had a tenant who asked if he could sign […]

Buying a little extra land from council for my garden – Who do I contact?

31st January 2017

I have been reading this website for a while and found it extremely helpful! So I was hoping someone can may be point me to the right direction. I have an end-of-terrace ex-local authority house in outer-west London. Next to it there is a piece of land which is not used by anyone except that […]

Seriously ill Tenant’s Status

31st January 2017

Ok, some background on the Tenant (single lady), been in the property 8 years, claims housing benefit which is paid direct to herself, never missed a payment (in fact notify’s me every month when the payment has been made), basically the perfect tenant. So on the 28th Dec she informs me that she was admitted […]

Unwanted tenant – can I turn of electricity and gas?

31st January 2017

I have a tenant who has been served a section 21 at end October ’16 (contract expired 31/12/16) but still refuses to budge. My landlord Gas Certificate (CP12) expires shortly. Obviously without a landlords gas certificate, if the boiler is continued to be used, I’m in deep trouble if anything were to happen (CO poisoning […]

Chimney sweeping requested but tenant put gas fire in themselves?

30th January 2017

My tenant has asked for her chimney to be swept as soot has blown down onto her new carpet during a very windy spell. The property has full gas central heating, but also has a gas fire which the tenant had installed at her own expense before I acquired the property. My tenant has told […]

Conveyancing – Are things so much better than they used to be?

30th January 2017

I bought my first house 35 years ago and since then have bought (and sold) houses in the region of 20 times. In each of these transactions I have had to ‘instruct’ solicitors to do the necessary legal work. Looking back to the early days, the time frame for selling or purchasing a property usually […]

The real reason why landlords are now going to be forced to evict tenants

30th January 2017

In an article for the Northamptonshire Telegraph Councillor James Burton was reported as below: “The problem is one that has affected councils across the country, and Cllr James Burton (Con, All Saints) says it is not one members are taking lightly. He said: “Homelessness is happening throughout the country, not just in Kettering. It is a […]

Avoid the Voids!

30th January 2017

This has been written by Paul as a Brand Ambassador for Hamilton Fraser Historically, there were two key things that could cripple a landlord financially; rent arrears (where the tenant does not pay rent on time) and void periods (when a property is empty). Now however, there is also a third caveat that landlords need […]