Page 662 – Property118

Tenant leaving mid month?

12th January 2017

Can anyone advise me on what’s best to do in this scenario: Tenant told me just before Christmas that she is leaving and gave me notice on her rent day 1st Jan but with no leaving date. She led me to believe this would be end of Feb however. She then changed her mind (today) […]

Are the RLA losing the plot?

12th January 2017

I do not want to fall out with the RLA as I think Alan Ward and his colleagues have written many brilliant articles. However, his recent article published by City AM entitled: “Why solving the country’s housing crisis means backing – not battering – landlords” contains counter-productive suggestions to Government and signals acceptance of S […]

The student Bubble inflating or about to burst?

12th January 2017

I have lived in and bought a few buy to let investment areas in central Coventry. I have lived here for over 30 years and in the last ten years there has been an increasing and seemingly endless demand for student accommodation. Many private investors have bought houses in areas close to the university in […]

Threatening and Abusive Tenant – Can I wear a camera?

11th January 2017

I have been a Landlord for best part of 16 years and to date I have not had any tenant who has used foul language. However, I have taken a tenant only 4 months ago who has sworn at me unprovoked. Without going into too much details can I wear “Body-Worn Camera” to protect me […]

Gift transfer of a property and stamp duty charges?

11th January 2017

I have recently bought my first property (in Oct 16) for £50,000 with the intention of buy to let. I have seen another house that I want to buy to let and want to give the house I bought in Oct to my sis in law as a gift. My sis in law already has […]

Renting a self contained Annexe?

11th January 2017

Last year, we converted our detached double garage into an annexe. It has one bedroom, a shower room and a kitchen living area. We have financial problems currently and therefore would like to rent it out on a 6 month basis. The garage conversion was undertaken using the permitted development rules and no formal planning […]

Why Rents Will Rise In 2017

11th January 2017

The fact that landlords want/need to increase rent to cover increased costs isn’t necessarily evidence that rents will actually rise. However, there are a number of other important factors to consider, not least of which is supply and demand.  Government policy to reduce investment into property for business purposes (letting) is working. The surcharge on SDLT […]

Landlords want public inquiry into Bristol Property Guardians scandal

11th January 2017

People living as property guardians in scandal-hit former council nursing homes in Bristol are mounting a legal action that could set a precedent that would improve the rights of people in similar housing right across the country. An increasing amount of landlords in the south west are also demanding a public inquiry into the situation, as […]

Non resident CGT and gifting query?

11th January 2017

It’s said to be possible only post April 2015 gains are payable on the sale of residential property (subject to the non resident rules/temporary non resident rule for 6 years not the 5 stated ). However, my query is centered on would it be possible on to gift/transfer said residential property to someone and again […]

Right to Rent criminalises landlords but only deports 31 illegal immigrants

11th January 2017

Since Right to Rent legislation came into force on the 1st February only 31 illegal immigrants have been removed from the UK as a result of these checks now made by all landlords and letting agents. However, from the 1st December 2016, under The Immigration Act 2016, a new maximum criminal sentence of 5 years […]

Vandalism of Period Features

10th January 2017

Just bought an untouched house built in 1980 which I intend to let. The agent tells me the bathroom suite MUST go. He assures me that no-one will want to occupy a property with green patterned tiles (100% coverage) and matching avocado suite and vanity unit thingy. I’m having a big problem with this because […]

Extreme Left academic and advisor to Labour shocks Landlord into response

10th January 2017

Professor Danny Dorling is well known for his extreme left wing views on the housing market and pushing his politics at every opportunity within the circles of power and academia. The Professor was recently on the Jeremy Vine show espousing extremely anti-landlord rhetoric. After the show Dorling was engaged in conversation and didn’t just decline […]

PRA rules see falling number of BTL products in January

10th January 2017

This month the total number of Buy to Let products available using Moneyfacts data has fallen to 1,408 down from 1,482. This is not statistically a huge percentage, but is a significant change in direction from the previous steady rise post credit crisis. The majority of withdrawn products were in the 75% maximum loan to […]

BTL investor to pay Stamp Duty surcharge for first main residence?

10th January 2017

I’m currently in the process of buying a property for myself and my partner to live in. We both currently live with our parents so this is will be our first and only residential property. I have a number of rental properties, all which are rented out and on buy to let mortgages. I have […]

Rent debt recovery loan agreement?

9th January 2017

My tenant has agreed to leave but owes £4500 in rent arrears. He has also agreed to pay off the debt in monthly installments. I want to formalise this is in an agreement,is there a procedure to follow for this? Does anyone have an example agreement I could use please? Karuna

Halifax Price Index shows 6.5% annual house price growth

9th January 2017

The latest Halifax House Price Index shows prices in the Quarter to December 2016 were 6.5% higher than in the same three months of 2015. In December 2016 the annual change was +6.5%, quarterly change +2.5%, monthly change 1.7% and the new average house price stood at £222,484 Martin Ellis, Halifax housing economist, said “House prices […]

Birmingham Midshires consent to let and negative equity

9th January 2017

I have a residential mortgage with negative equity. I have had to rent out the property and am concerned about informing mortgage lender and being forced onto buy to let mortgage. I have a very low interest tracker mortgage. I am also wondering if I am put onto buy to let will I have to […]

“Right of way” what are the limits of their use?

9th January 2017

Hi everyone, there is a piece of land adjacent to ours and the people that own it are applying for planning on it. However, the only access they have to the land is through ours. There does not seem to be any specific route or size of their access over our land and the only […]

2017 property podcasts with Paul Shamplina

6th January 2017

Hamilton Fraser, parent company to mydeposits, the Property Redress Scheme and Client Money Protect, has launched a series of property podcasts with Brand Ambassador, Paul Shamplina, and Managing Director, Eddie Hooker, covering key topics in the private rented sector. The audio podcasts are released every month and cover the latest landlord, tenant and agent issues, […]

Help with passing property rental to my wife for tax purposes

6th January 2017

I own two flats for which up until now I have been receiving the income and declaring it under self assessment. I now have some extra earnings which take me into 40% tax. I want to pass the property income solely into my wife’s name for tax purposes as she only pays 20%. I have […]