Page 672 – Property118

Let In 20 Minutes – Credit where it is due!

13th October 2016

I am a regular reader of Property118 Newsletters and I also find the discussion forums very informative. Last Friday, after reading an article on Property118, I contacted LettingSupermarket.com regarding their 4% letting and management fees offering. At first it appeared too good to be true and I was expecting there to be a catch. Other […]

Service Charge Arrears from previous owner?

12th October 2016

Does anyone know whether unpaid service charges fall to a new owner? My solicitor says I should not have to pay the previous owners service charges because there was no way knowing these were outstanding. Whatever the reason I need to know whether I am on the hook, or whether I should resist demands for […]

Newcomer Support on construction training?

12th October 2016

I recently began investing in property after I received a large inheritance and I have some friends who are very successful property investors in the North who have found me 2 properties so far. I am wanting to grow my portfolio quickly and begin sourcing for myself and have read that it is much better […]

How do we all measure BTL returns?

12th October 2016

Interested to understand what measures people use to assess their investment decisions both at point of purchase and in retrospect? Many thanks Richard

How to get deposit returned after agency has been liquidated?

12th October 2016

I seek suggestions on how to get a rental deposit returned after the agency has been liquidated. My letting agency often delayed rental payments for months and always had to be chased to hand over the rental income so I moved the letting to another agency. This transfer happened 5 years ago and at the […]

Parent landlords on the rise amidst rising property prices

12th October 2016

There is a rising number of parent landlords letting second properties to their children, according to new research. 250,000 parents are already letting properties to their offspring and a further 1.4 million would be willing to let their properties to their children. 50% of landlords let to their children because they are struggling to see […]

One tenant wants to quit the other three don’t

12th October 2016

I currently have a tenant who shares a property with three other people, four in total on a single tenancy agreement and the tenancy is currently periodic One of the tenants wishes to leave and has served notice on the whole property. As the tenancy is periodic I know they can do that. My questions […]

Ashford Council Bans Two Landlords For Asking Too Many Questions

12th October 2016

Ashford Council has banned two people from meetings designed to encourage private landlords to provide housing for benefits tenants. Allegedly the two people were banned for asking too many probing questions, both are portfolio landlords. The landlords will remain nameless but one of them told Property118 “The ban will not prevent us attending for we are […]

Will marriage cost me a lump of my pension investment?

11th October 2016

I have owned a house for 24 years. For the last 10 years I have been renting it out and living in my long term partner’s home. We have decided to get married for reasons of next of kin responsibilities, inheritance, and transfer of pensions in the event of one of us dying. If I […]

Abandoned, Damaged, Tenancy expired, rent in arrears – Help!

11th October 2016

I’m a landlord. I rented my property out 12 months ago. In the last two months. The tenant has abandoned the property and fallen short on rent. My letting agent and I, have been trying to get hold of the tenant via phone, email and letters. We wanted to go and inspect the property so […]

Common Law versus Statues – an answer to S24?

11th October 2016

Last night I googled ‘My Common Law Rights to earning a Living’ and came across this Beginners Guide to Common Law versus Statutes/Legislation and Acts of Parliament. Naïve as I am to the ways of government I had no idea how Statutes were used for the benefit of minority groups! Common Law vs Statutes – […]

Selling our BTL properties and company?

10th October 2016

We have 4 properties let out in our Ltd company and 5 properties in our private name. We are looking to exit the whole BTL business and move on. We are looking to sell our company as a whole and the other properties as the mortgages come to an end. Could you give any advice […]

What is the point in Council Tax banding in Liverpool?

10th October 2016

What is the point of having different bands (A-G) for paying Council Tax if your property is a studio worth £25,000 in Liverpool? Most properties are in Band “A” and that ranges from a five bedroom house to just a room with a kitchenette and build in bathroom. So one large bedroom (self contained) pays […]

National Rent Rise Day 5 April 2017

10th October 2016

Unless the government confirms a U-turn on section 24, I suggest ALL LANDLORDS make it widely publicised that as of 5th April 2017 they will in unison apply a Tenant Tax to their passing rents. i.e. current rent plus X% tenant tax. (The actual % applied will probably be circa 8% but should be independently […]

Property Trading – Financing for the first time

10th October 2016

There are a couple of old threads (a few years old) on this already but welcome people views / ideas / help as things in the world have changed since then! I am pretty new to the property world and currently I have one BTL property with an okay return at 7.1%. I have got […]

JV Finance – how to structure?

10th October 2016

I’ve been reading these forums since 2013 – when I followed Mark’s advice and began working with Lettings Supermarket. I’m now at a different stage of my property journey and could use some sage about JV Finance. I have found a property for circa £200,000 that I believe I can make circa £100k on in […]

Totally confused by an Accountant – which way forward?

10th October 2016

Please can anyone help me find my light at the end of my tunnel? I’m looking to find an accountant who ‘understands property’ and will not tell me that Clause 24 is not that bad and well your rent is your pay. I’ve worked my socks off these last 4 years on my own for […]

Does a Section 8 notice to quit end a tenancy?

10th October 2016

I served a Section 8 notice on an AST fixed-term tenant who was behind with their rent. Twelve days later the tenant moved with 2/3 of their things, leaving 1/3 which they were going to move the next day. They kept the keys and didn’t attempt a handover. They’ve repeatedly said they’ll move their property […]