Page 665 – Property118

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 […]

Once in a lifetime opportunity

2nd April 2017

Wednesday 26th April 2017 is going to be the biggest date this year for portfolio landlords who are looking to restructure their businesses for optimal efficiency. I will be making the trip from Malta to London for one night only in order to co-present an exclusive evening with Mark Smith, Head of Chambers at Cotswold […]

Tax mitigation now that the 10% Wear and Tear allowance has gone?

2nd April 2017

This is a really tough one to explain but bear with me, this is the first tax year that we do not claim our 10% wear & tear allowance, but there is still a residual value of “all of the old furniture fixtures and fittings that as sole trader landlords we own personally”. In short […]

Sweeney V Liverpool City Council

2nd April 2017

As predicted four days ago, the Tribunal released a decision , which is beyond comprehension ,unless one lives in Local authority world. I will summaries the decision of the the First Tier Tribunal Manchester Case number MAN/00BY/HML/2016/0005. SWEENEY V LIVERPOOL CITY COUNCIL: The Tribunal refused to rule on my first point but accepted my last […]

Learning while investing – 2.5 hours and funds raise!

2nd April 2017

Friday I launched a crowd funding deal with a twist. It was an opportunity to be involved and fund a full planning application for a Grade 2 listed office building to residential conversion. Obviously investing in such a deal comes with more risk than usual so I ‘pitched’ it as a high risk investment. However, […]

Eviction by co-tenant but there is no tenancy agreement?

1st April 2017

I have been living in a shared three bedroom flat in London for almost a year. I have just been asked to move out within a month as my flat-mate feels we don’t get along. I would like to know what my legal rights are, as I understand an official termination must come from the […]

Mortgage Express assets sold in £11.8 billion Bradford & Bingley deal

31st March 2017

UK Asset Resolution (UKAR) has today confirmed the sale of two separate Bradford & Bingley asset portfolios comprising performing Buy to Let loans for a total of £11.8 billion to Prudential plc and to funds managed by Blackstone. Non-performing loans are where a scheduled mortgage payment has not been made for more than 90 days. […]

APPG on Fair Business Banking and LPA Receivership

31st March 2017

There is now an All Party Parliamentary Group on Fair Business Banking and it is making great headway including with LPA Receivership: Link to site http://www.appgbanking.org.uk/ The Group is asking for victims to engage their MPs and ask them to support the work of the APPG and also us as individuals. The APPG is also […]

What is the 2016/17 tax year position on claiming for “Home as Office”?

31st March 2017

A few years ago the following were published on P118: June 2012: https://www.property118.com/claiming-home-as-office-expenses-for-landlords/29305/ August 2013: https://www.property118.com/question-can-landlords-claim-for-use-of-home-as-office/42244/ Has anything changed since then? Many thanks Michael

Liverpool City Council – The sorry saga continues

30th March 2017

The saga of Liverpool Landlord licensing continues unabated. This Council have been taken to the First tier Tribunal because it has now come to light that Liverpool have been operating a two tier application process, unheard of by any other local authority. In essence LCC have issued Draft copy licences to some landlords which are […]

Supply of generator for marine fish during electrical inspection?

29th March 2017

I have a building in multiple use (shop and a couple of flats) that I have recently had a fire risk assessment carried out on. One of the recommendations is a full electrical safety inspection which is going to take 4-6hrs. Whilst it is possible to isolate each individual unit from the main incoming supply […]