Page 692 – Property118

How do I sell off the back of my garden?

17th May 2016

I have a very large garden, and I can access the bottom of the garden by the side of my house, I want to know how I can find out about what I need to do to get a value and possibly sell the land. Many thanks Brenda

Tenant wants to get a bird or two!

17th May 2016

I have a tenant who has enquired as to whether we will allow them to keep a budgie in the property. Not having any personal experience re having a bird as a pet I wondered if any other Property118 people have experience of this particular choice of pet and whether there is anything that we […]

RPI linked lease extension calculation

17th May 2016

I have 70 years left on a lease on a flat in London with a £100 ground rent with annual RPI linked uplifts. I am currently looking at a lease extension and I was wondering if the freeholder will include the potential increase in value of the ground rent from increases is RPI in the […]

How does an individual landlord reference potential new tenants

17th May 2016

I have a property that I have rented out before through an agent. My current tenants are moving and I have a friend of a friend who would like to rent my property, how do I do all the checks on them and can anyone recommend or advise me on how to do it. Thank […]

Building plan has been changed after exchange without my agreement!

17th May 2016

I Bought/Reserved a 30th floor flat from a developer in summer 2013 and was told that my flat is the highest floor with a balcony. That means I will have an open sky balcony. This is definitely a great feature with significant added value to the flat. Now as the building approaches the completion, I […]

Rental cover to be lower for Ltd company BTL applications than individual!

16th May 2016

Foundation Home Loans will increase its rental cover requirements to 145% for individual applications, but leave limited company products at 125%. Simon Bayley, commercial director, said: “There is no doubt that with the new restrictions on tax relief which landlords can claim back and now the hardening of the rental cover calculation, the limited company […]

Reduced CGT in mixed BTL and Commercial property?

16th May 2016

Capital Gains Tax Reduced – from 28% to 20% for higher rate tax payers and from 18% to 10% for low rate tax payers from April 2016. However there will be an 8% surcharge on residential property leaving Landlords selling at the same old rate! My wife and I own a single title building where […]

Not the time to sell and will CGT ever come back down?

16th May 2016

I own a two residential properties which I let out plus my own home, all of which are in the West Midlands. I would like to move back down to the West Country where I lived some years ago. I would ideally like to sell all my properties in the West Midlands and buy two […]

The curse of laminate flooring!

16th May 2016

I purchased a new purpose built flat 6 years ago. The lease states that the floors should be covered with wall to wall carpet or such alternative means of floor covering as approved by the manager whose approval should not be unreasonably withheld or delayed. At the point of purchase the developers showroom was full […]

Deposit lost or stolen by previous liquidated agent – am I liable?

16th May 2016

I purchased an HMO in 2011 with about 12 current tenancies, from a variety of agents. These agents held on to the deposits until last year when I decided to self manage and they have thus unprotected all the deposits, paid them over to me, and I have now paid to protect them with My-Deposits. […]

Can I rent the house I am buying?

16th May 2016

We’ve had a offer excepted on a property and have sold ours. We are purchasing from the next of kin so they are going through probate at the same time as selling the house! We’re 10 weeks in with no end in sight . I’ve found out today that probate hasn’t even started yet and […]

Can I get out of a 6month sublet tenancy due to worrying behaviour?

16th May 2016

A tenant of a landlord is subletting a room to me. I don’t know if the actual landlord is aware. At first she was nice to live with, but very quickly it appeared she has severe depression and behaves weirdly. She uses all of my things, she comes in to my room, eats all of […]

Liverpool landlord licensing ruled in breach of Data Protection Act

16th May 2016

I would like to preface this piece by saying that I, like the majority of decent landlords I know would fully support true Selective landlord licensing in Liverpool. It is the politically motivated ‘blanket’ licensing, which after 13 months has not improved the situation of a single tenant in Liverpool, that we object to. In […]

Update – clause 24 Judicial Review campaign

15th May 2016

We are currently processing all ticket requests for the Tenant Tax Summit on June 9th and you should have started receiving email registration details if you have pledged the minimum £100 required and emailed us to claim your ticket. IMPORTANT: Please remember that you must email [email protected] with a copy of your pledge receipt to […]

Quest report BTL survey instructions down by 40% on February

13th May 2016

The Quest Survey and Valuation reporting systems are the most widely used by surveying firms across the UK reporting back to lenders and customers. They are therefore in one of the best positions to report on activity in the Buy to Let market as a valuation survey is only instructed once a mortgage has been […]

Can I remove tenant with no agreement or money taken?

13th May 2016

My tenant moved in before I had time to check his references as he told me it was his only day off. I then found out he had a criminal record. I have not taken any money off him and he has not sign a tenancy agreement. I need him out for the sake of […]

New interest rate predictions revised down by Bank of England

12th May 2016

The Bank of England have released their latest Inflation Report and have revised future predicted interest rates down based on reduced growth and inflationary pressure. This is being partially blamed by the Bank of England on the destabilising effect of a possible Brexit vote on the economy. See Table 5A below showing predicted Bank Base […]

Tenancy agreement now void or is it?

12th May 2016

Hi all tricky one for me but hope someone out there has an answer. I have a tenancy agreement now periodic, but the agency managing the flat have been dissolved voluntary strike off confirmed it via companies house. Is the tenancy agreement now null and void and what happens next. Many thanks Ashley

Declaring purchase price when buying house from in-laws?

12th May 2016

My wife and I are looking to buy my in-laws home as they are looking to downsize. Is it possible to pay them less than their asking price for the house (thus reducing stamp duty) and pay the rest as a cash lump sum? If so what would be the tax implications for them in […]