Page 675 – Property118

New build/grade 2 listed conversion with incomplete pipework!

13th September 2016

Currently in year four of a new build/grade listed 2 building conversion and just discovered that my waste water pipe from the kitchen is not connected to the main sewer. I initially had an issue concerning a leak under my kitchen. Other than a constantly blocked sink, a smell had developed around the hallway. This […]

Axe the Tenant Tax Important Update – Summary of meeting with the Housing Minister

12th September 2016

Update on Landlords Fight Back #TenantTax  Following our meeting with the Housing Minister, Gavin Barwell, on Friday 9thSeptember, we wanted to share this detailed update with you. We thank him for making the time to see us. In attendance were: – Gavin Barwell (MP and Housing Minister) – Graham Lyon (Croydon resident and landlord) – […]

Extending up on a block of flats?

12th September 2016

Our block of flats is 3 stories tall and semi-detached to a 2 story house. The ground floor is a communal entry, and a tunnel through the carpark. We are 50% freehold owners, and both us and the other freeholder agree that we would like to extend up if we can. Ideally we would like […]

Making a tenant bankrupt?

12th September 2016

If a tenant owes a large amount in arrears why not consider making the tenant bankrupt as this alone will shake them? I’m not a lawyer but if the arrears are over £5000 it seems feasible with their assets used to pay off debts? Worth considering? Peter

Table of Housing Benefit cuts from Nov 2016

12th September 2016

Like many landlords on this forum, I let properties to tenants in receipt of Housing Benefit. I usually get the HB paid direct to me as not all tenants would use it to pay their rent. I have recently read that the Benefit Cap is being reduced in November 2016, and as the Housing Benefit […]

Buy to let joint owners and partner split up?

12th September 2016

My partner and I have split up and she has moved into our jointly owned property which is on a buy to let mortgage. The property was previously rented out and she is now depriving me of an income. I have warned her that she has to tell the lender that it is no longer […]

New freeholder wants to self contain the basement and stop us using it!

12th September 2016

We have RTM of a block of 15 flats. There is a large basement which is marked in our leases as an ‘internal communal area’. Access to the basement is from a door at ground floor level in the communal hallway. There is a small room within the basement where all our meters are kept. […]

Care of address on tenancy agreement?

12th September 2016

I wonder if someone can advise me if this is Ok to do, I have always managed my properties myself over the last 15 years and have always put my home address on the tenancy agreements and was wondering is it o.k to use an address of a company I own (which has no connection […]

£100k shortfall on second home

12th September 2016

I have found a house that would I would like to buy as my main residential property. Although I wasn’t looking to move, it’s a very good price and I would end up making approx £400k on it after a new kitchen and some cosmetic work. The problem is, I already have a house which […]

Paying my unemployed mother to manage two properties

9th September 2016

I am planning to ask my mother to manage 2 properties for me which would include inspections, agreements, certificates repairs, gardening, cleaning etc at £800 a month. I would like to set-up my mother as a sole trader paying NIC 2 taxes. The tenants will pay rent directly into my personal account which I would […]

Best taps for mid range Buy To Let property?

9th September 2016

I need to renew the bathroom and kitchen taps in a mid-price 2-up 2-down BTL house let to a young professional family. Nothing fancy is needed, but I want something that’s going to last and be durable enough for BTL. I’m wary of just sticking cheap B&Q level stock in there. I want to minimise […]

UK housing market stabilises in the wake of Brexit?

9th September 2016

Surveyors say that activity in the UK housing market has stabilised post Brexit, with sales and prices expected to rise in the coming months. Property sales in the aftermath of the referendum dropped sharply, but had now stabilised, the Royal Institution of Chartered Surveyors (Rics) said. Its members predict that house prices will increase by […]

Leave the buy to let market alone – Britain needs more landlords

8th September 2016

This is another one of those articles which deserves sharing on Facebook. However, this time we are the authors of neither the title or the article. It was written by Tracey Boles, news editor at City A.M. LINK Many of the tax campaign inner-circle at Property118 have already written supportive letters of gratitude to Tracey for […]

Why consider a second charge loan over a remortgage

8th September 2016

Second charge loans can be very real alternative to a remortgage. While every application needs to be considered on its own merits, the second charge industry has recently become more competitive and attractive with lender rates now starting from 4.50%. Reasons for considering second charge loans: 1 – Keeping your existing low rate mortgage You […]

Association of Local Landlords (Wessex) Ltd Strategic Alliance

8th September 2016

Dear Sirs We had our scheduled committee meeting yesterday and it was agreed that we would help promote your action group to our members. There were some questions that I hope you can answer: How and who decides what issues the action group take on? Is there any criteria to be met before a case […]

Any alternative to defaulting on the service charge and getting repossessed?

8th September 2016

Ten years ago my husband and I bought a newly converted leasehold flat for my husband to live in for work purposes when working away. Shortly after purchase the management agent sold the freehold and the service charges increased significantly. A tribunal ruled that electricity charges be itemised separately (although individual meters were put in […]

Liverpool Licensing and the Surveillance Comissioner

8th September 2016

It would now appear that Liverpool Landlord Licensing may now be on a collision course with the office of the surveillance commissioner. The Council in their conditions on ASB, and their insistence on Landlords obtaining details of guests in spare bedrooms not only breach the tenants right to privacy and quiet enjoyment as well as […]

Must Read Book For Landlords -134 Pre-Sales Already

8th September 2016

We now have 134 conditional pre-orders of our book “Our UK Buy-to-Let Tax Strategy” and we haven’t even finished writing it yet! The reason the pre-orders are “conditional” is that no money will be taken and the book will never be published unless we hit our £5,000 target of pre-sales by 23rd October 2016. The book costs […]

Can you spare two minutes please?

8th September 2016

Most people use Facebook these days, if you are one of them please read on. We plan to publish a lot more articles extolling the virtues of buy-to-let landlords, it would be good to get these shared. Most of us are sick to the back teeth with anti-landlord propaganda. Together, we can counter it. How long […]

EweMove Sells For £15,000,000

7th September 2016

As soon as I got the news the morning I wrote to my good friend Glenn Ackroyd to offer him my congratulations. Both Glenn and EweMove have been supporters of Property118 from the outset. Glenn was one of the first to become a founder member of Property118 Action Group. The business was sold to Martin […]

Can I keep deposit against £8000 Legal Costs owed?

7th September 2016

I shall be most grateful, if you could kindly shed a light on my situation. I have a case, where I just evicted a tenant successfully. The tenant has paid all rent and there is nothing outstanding in relation to arrears and the property has been left in a reasonably clean condition. Now, the situation […]