Page 678 – Property118

Buying the Freehold Title of a Leasehold house?

19th January 2017

I have some questions regarding purchasing the freehold title of a long leasehold house. I have issued the initial notice & have arranged valuations etc , so I am ok on that side of things, but I have a few questions anyway. If anyone can help I would be grateful. The house is situated on […]

What documents should a Landlord expect from their Agent?

19th January 2017

I’m at the start of my journey as a landlord. The property is full refurbished, have Gas certificate and EPC. I have assigned a letting agent to fully management the property. The Agent has found a tenant and is ready to move in soon. What documents should I be expecting from the agent once the […]

Help with Consent to Let after whirlwind romance

19th January 2017

Thanks in advance to anyone who takes the time to offer advice on this!. I have a rather unusual situation. At the beginning of October I completed on my first property and now have a residential mortgage with the Woolwich. Fast Forward just over 3 months later and Ive fallen in love and married someone […]

Tenant With 2 Months Arrears – “Do what you like”!

19th January 2017

Hi guys, I am in a situation where tenant has defaulted 2 months in a row as such she is in arrears for 2 months accordingly. She has been my tenant since mid August and she did not pay last month’s rent as she suggested that she would pay it in January both months combined. […]

Rental demand nosedives in central London

19th January 2017

The central London rental market is beginning to show signs of topping out as tenant demand slides and landlords look to higher yielding investments in other areas of the UK. New research shows that the number landlords reporting a rise in tenant demand over the past quarter has slipped almost 30 percentage points when compared […]

Where Will All The Bankers Go?

19th January 2017

Following Theresa May’s speech yesterday the pound very quickly gained against the Euro. However, within hours both HSBC and UBS announced they would each be relocating 1,000 of their highest paid bankers to Europe. The BBC reported this would put further pressure on The Treasury due to the loss of income tax receipts. This didn’t […]

What does 2017 have in store for the property market?

18th January 2017

There will still be an insufficient supply of housing to meet the demand and the gap between earnings and house prices is still expected to widen, strengthening demand for rental property In terms of the property market, 2016 will be characterised by two events, the additional 3% stamp duty increase on second homes and Britain’s […]

Is bridging finance an answer for buy to let landlords?

18th January 2017

An increasing number of landlords are looking to unique forms of finance to continue investing in the private rental sector. The rise in popularity of less conventional finance options could be in response to the Bank of England’s decision to restrict buy to let lending through tighter borrowing rules and stricter affordability tests. 84% of […]

What happens next if Tenants now start to claim Housing Benefit?

18th January 2017

I’m currently experiencing a situation that is new to me and would appreciate some good advice. My tenants are expecting their first child and have recently lost their jobs. They told me in advance that they wouldn’t be able to pay this month’s rent and have made a claim for housing benefit. While I am […]

Can’t remortgage my property due to main residence link?

18th January 2017

Hi guys I’m new here. Last year we purchased a property for £27,000 for cash and renovated it we waited for the 6 months to try to remortgage, the estimated value is around £65,000/£70,000 we had The Mortgage Works out to value it to get a buy to let mortgage on the property, but when […]

Thinking of employing a property maintenance and repairs company?

18th January 2017

Hi Everyone, I’m after some second opinions, 2 years ago I purchased my first Buy to Let property and I’ve just recently bought another, any maintenance or repair issue I’ve had throughout that time I’ve taken care of myself but its starting to get in the way of my work life! A friend of mine […]

Who is responsible for White Goods replacement?

18th January 2017

Here is an extract from my AST Agreament prepared from the Estate Agency. In the section for the Tenants obligation it’s this clause: “Not to remove any of the Contents from the Property without the express written permission of the Landlord (which will not be unreasonably withheld). To keep the content of the property, including […]

Can I be sued for £400 per month water bills?

18th January 2017

My tenant had a leak in their property which they reported several times to the letting agent I use, using the email address provided on the tenancy agreement as the agreed point of contact. However, the email address was for someone who left the company and the tenant wasn’t informed of this. Consequently there is […]

Council serve notice on landlord to remove tenants rubbish – Help

18th January 2017

I have been served with a notice under the Prevention of damage by Pests Act 1949 by the local council requiring me to remove rubbish from the rear yard of a property that is currently occupied by my tenant. My issue is that the Council have served the notice on me and not on the […]

Cooker hood, fan or both ?

18th January 2017

I am currently refurbishing a 2 bed flat to be let. I’ll be planning the kitchen layout soon and I got to wondering about whether it is really worthwhile putting in a cooker hood or not. It seems to be de rigueur, but in this case it is in a listed building and suitable places […]

Tax Plan For New Buy-To-Let

17th January 2017

Are you and your spouse buying a new build with a view to let? The Government has tried its best to put you off doing this personally, but if you fancy a challenge maybe this will be a way to get your own back! Let’s imagine a property being bought for £500,000. I will ignore […]

Brexit Tax Dividend for Landlords?

17th January 2017

Would you believe in tax benefits for landlords post Brexit?  On Monday the BBC indicated the Chancellor has threatened EU countries that once we have left their controls we will offer companies a low tax regime to be based in the UK. Could this mean a new beneficial tax changes for landlords? Are we going […]

Buying a flat with tenants in situ !

16th January 2017

Hi, I am buying a flat with tenants in situ. I have a few questions for our experienced members : – how do I transfer the tenants deposit ? – how do I transfer the tenancy agreement from the previous landlord to me ? Thanks for helping ! Jean-charles

How to get rid of onerous ground rent?

16th January 2017

I’m negotiating the purchase of a leasehold flat, and have found that the lease contains a very onerous Ground Rent clause. The Ground Rent is set as a percentage of the flat’s value, and when it’s next assessed (in 14 years’ time) the Ground Rent could be silly money – easily over £2,000pa. The lease […]