Just wondering if anyone has any experience with Aldermore’s debenture requirements on a ltd company buy to let mortgage? I am currently going through two purchases (in parallel – in hindsight this is a big mistake!) through my ltd company (newly incorporated). Long story short, one mortgage is with Aldermore, and another is with Precise […]

I have a tenant who (thankfully) vacated last weekend, owing two months unpaid rent , and left the flat in a terrible mess. Three days later the whisky bottles and fag-ends have been cleared, and we are beginning to see carpet, and the inside of fridges and ovens. Anyway, their deposit covered about six weeks […]

Chorley is a place you may have not heard of yet, but you will pretty soon. It’s a town at the cusp of change. The town has already got a vibrant centre, being one of the few towns in the UK to have increasing footfall – and with plans approved for £17 million to be […]

A briefing for private landlords, property solicitors and letting agents on how to rapidly evict tenants from residential property via High Court Enforcement Officers (HCEO). The webinar is run jointly by The Sheriffs Office and Bolt Burdon. Bolt Burdon are experts in landlord & tenant cases, especially rent arrears and end of tenancy possessions. The […]

Philip Hammond, Chancellor of the Exchequer, wrote that it is important to keep to the letter and spirit of the Manifesto and today announce a U-turn on the increase of Class 4 National Insurance Contributions in his budget last week. Now we have to get the occupants in Number 10 and Number 11 to reverse […]

I receive the email below from Generation Rent, and thought it might be useful to get input from the tenants of decent landlords. Therefore you may want to pass this on to your tenants.   Dear Michael, The Institute for Public Policy Research (IPPR) is carrying out research into the private rented sector (PRS) in […]

Hi, Please could you advise me on a CGT position on my husband’s ex-marital home that he has owned for 39 years. He purchased 1978 £15,450, met wife (now ex) who moved in 1990. Lived there together 1990-2006, then she would not move out to allow the house to be sold and proceeds split then, […]

My cousin is 28 and an FTB in a relatively cheap area (2 bed terraces £125-135k). She has a 20k deposit saved up but due to her income of 20k she can only get a maximum of £82k mortgage – too short by about 25-35k.  I therefore thought that I could help. Relatively wealthy, good […]

Dear All, Sadly I have just found out via the local authority that my tenant has passed away. I recently received a notice informing me that the housing benefit has been stopped and I left messages , called and emailed the tenant. As I am in London and the property is in Wales I am […]

I have a portfolio of 9 HMO’s and the family as a whole has more which we self manage. I need to start using accounting software to reduce our accountancy fees and improve financial control over the businesses. Some recommendations so far have been: Xero, Sage One and QuickBooks Online. I just wondered if any […]

Hi, I am a animal lover and I have 2 outdoor rabbits in my back garden that in my tenancy states I shouldn’t have pets, but the estate agent allowed it as long as they are outdoors and I bring them in to play with. My question is I’m looking at setting a boarding business […]

It is rather confusing as Chancellor stated on 8th Of March during his Budget speech that, Landlords and Small Businesses with a turnover under VAT threshold (less than 83k) will have another year (April 2019) before they will be required to submit quarterly Tax Return. Immediately after, HMRC published their guidelines stating that “Cash Basis” […]

Baker Street Property Meet is the UK’s number one property investors networking event with over 220 property investors attending our monthly meet-ups. =================================================== Event: The Baker Street Property Meet, (Monthly Networking Event) When: Wed 26th March 2017, 6 pm to 10 pm Where: Holiday Inn, Carburton Street, London W1W 5EE What: Be Inspired By 3 […]

A company purchased a property on behalf of an individual (A), who was not able to purchase the property on his sole name for various reasons. Can the company create a declaration of trust stating that they are the legal owners, but the beneficial owner is the individual (A) Thank you Umesh

The 2015 Conservative manifesto included the following pledge: “We will commit to no increases in VAT, National Insurance contributions or Income Tax”.  To see a copy click here Not everyone read it at the time, but very few people could have avoided seeing David Cameron on television on 29 April 2015 pledging that there would […]

Hidden in the spring 2017 Budget small print indicates that tax relief on renting a room of your main residence will be reviewed by Government. This is likely due to the widespread use of Airbnb and the potential for generating tax revenue from this popular market. The Government said it will conduct a consultation looking […]

Scotland’s largest membership organisation for landlords has strongly criticised UK Chancellor of the Exchequer, Phillip Hammond MP, for not reversing tax changes which will result in a reduced supply of affordable housing in Scotland. Landlords had called on the UK Government to reverse tax changes brought in by his predecessor which will see landlords taxed […]

We live outside the UK and signed a contract with the tenants for one year. They stopped paying after two months and we sent them an eviction notice and have a court hearing date in June which is 3 months from now. We have just found out that the original tenant has moved out, but […]

I would appreciate any sound advice. My company is buying 3 HMO’s, in total 18 rooms/tenants in Crawley. The current owner has/had given all tenants a 12 month AST, and all have differing dates.(per when issued etc..) Question Do I as the new owner (my co actually) need to issue new AST’s or do the […]

Warning from Property118 member: I think there are some useful tips and lessons to be learned from my experience with the West Brom that could be shared for the benefit of other Property118 members who have the misfortune to be customers of the West Brom. It is likely that every mortgage customer of the West […]

Hello all, Due to Care Quality Commission rulings numerous care homes all over the country have been shut. Due to the NHS crisis a decent number of public buildings e.g. homeopathic hospital, childrens hospitals etc. are ripe for development.  Background: I run a successful HMO in a limited company structure. I am now interested in […]