I have a small block of three domestic flats and wish to sell the lease for the building, the ground rent for the three properties pays £1200 pa, up to 2030 2030 – 2055 = £1800 pa 2055 – 2080 = £2250 pa with provision for unforeseen extras Does anyone here know how to market […]

A survey at present on property 118 suggests 71% of landlords will increase rents as a direct result of section 24. Here is why I believe 100% of rents will inevitably have to go up. Like a lot of landlords, I have not increased rents to my tenants for the last few years or so […]

I am looking to buy in Norwich where prices have increased by 14.8% in the last 12 months. Frankly I don’t want to buy anywhere else as like to manage properties myself. In order to buy the house I am interested in, which has a very strong rental return I will need to pay asking-price. […]

It’s no secret that Manchester is an immensely popular city for investors. With an economy that generates £56bn annually and awards such as ‘Property Hotspot for the Decade’ under its belt, the UK’s ‘most liveable city’ is growing at three times rate of the national average. Those with a stake in the city will be […]

I purchased a flat with a sitting tenant and the tenant never paid his council tax bills for two years. The council has failed to get a response from him. Would I be liable to pay the council tax due on the account. I have purchased the flat in Feb 2016 and the tenant was […]

Looking for some help please. I have just incorporated to provide a managing company to my properties and to buy a future property through. I have always done my own self assessment as reasonably good with excel and numbers but can’t find any good templates or guides for when it comes to corporation tax and […]

From today, 1st December 2016, under The Immigration Act 2016, there is a new maximum criminal sentence of 5 years’ imprisonment for landlords or agents who fail to carry out ‘Right to Rent’ checks or remove illegal migrants from their property. With concerns that more than half of landlords don’t understand their obligations, Hamilton Fraser […]

In one of the properties I own the water is included in the services charges, which is very unusual but for the last 12 years hasn’t been a problem.  If the usage is particularly high (over 30 cubic metres in a quarter) I would look to charge the tenants, otherwise I include the water charges […]

An excellent opportunity to invest in an apartment in Basingstoke, where capital growth is projected to be 20% and net yields of 6% are achievable. Highly desirable due to its proximity to the town centre; easy commute to London, Southampton and Reading. Knight Frank and Savills reports confirm that the highest growth areas are those […]

We have recently had a BTL unit suffer severe water damage from an incorrectly installed toilet filling valve, which was cross threaded so over time it was inevitable it was going to leak, and the soldered joints in the brass piping in the bathroom walls had separated as they were not fully fluxed when first […]

As anyone considered what will happen when a landlord who can ill afford to incorporate goes to his bank or any other lender after 2021 to borrow money. Lets say for example the landlord has always made a profit of £30k but rises to £60k after 2021 based on the new tax regime. The conversation […]

Talking to my accountant this morning about buying properties to renovate and sell within a limited company he mentioned a thing called ATED – Annual Tax on Enclosed Dwellings. While it shouldn’t impact me immediately/directly (because what I’m looking to buy will be less than the threshold and I plan to sell rather than rent […]

Seeking advice on selling 3x BTL properties and keeping the freeholds. What clauses can be written into the lease for Ground Rent and Maintenance that will enable me to make money, are reasonable and will create an asset for later sale potentially. Property 1 is a standalone 2 bed coach house in a Swindon with […]

I had a tenant that signed a 6 month contract; paid deposit and 1st months rent. Decided after approx 1 month to just leave!; did notify me via email they had gone. I get conflicting legal advice on what I can claim for. He seems to think he can get his deposit back via the […]

We own a commercial premise which we trade from. Our neighbour has developed land directly at the back of our property. When he excavated the site we experienced subsidence. Our neighbour proved to be awkward to deal with. Please note prior to the build we did engage the services of an architect who was supposed […]

We have been RTM for 4 years and started off with 8 Directors. We have been at legal loggerheads with our freeholder – whom insists that we are not managing the building properly and has threatened taking legal action against the RTM Company and several leasees whom are in breach of covenant. As a result […]

Many blame Foxtons for the Chancellors decision to ban letting agents charging fees to tenants. Unsurprisingly, Foxtons have seen their share price plummet, but that’s far from the end of their troubles. Litigation also looms! Lawyers acting for landlord clients of Foxtons are planning to bring claims to force the company to pay all undisclosed fees […]

In a conversion building , one of the owner/Leaseholders ( no share in Freehold) is a thoroughly undesirable element. He has unsavoury ‘visitors’ arriving at all hours of the day and night and in many other ways is in complete contravention of the terms of his lease. This has been going on for years, but […]

A recent survey Property118.com landlords has revealed that 71% of them will pass on Government tax hikes in the form of increased rents to tenants.  Nearly 1,000 landlords have already responded to the latest survey of Property118 members, the UK’s leading online resource for private landlords to share best practice. Buy to Let mortgage lending criteria […]

Currently renting a property and only a few months into the 12 month contract. There have been viewings arranged and undertaken for the last several weeks every day (Mon-Fri) and most of the time there are multiple viewings a day. The AST contains a clause stipulating the following: The tenant shall permit the property to […]

With ever more complicated legislation being introduced it is becoming more common for both landlords and agents to make mistakes when it comes to compliance. But what are the consequences of failing to protect a tenants deposit and correctly serve prescribed information within the 30 day period allowed, and more importantly what are the solutions […]