Page 694 – Property118

Permit the tenant to sub let or break the contract?

4th May 2016

I have a tenant who signed a two year lease and a month later was asked by his firm to work overseas for 6 months. It is a two bedroom house and the tenant proposed to put all of his personal things in one bedroom and sub let the other bedroom and remainder of the […]

Do I have to disclose my Contractor Invoices?

4th May 2016

A client, who I manage a property for, has requested a copy of my contractors direct invoices to me for her accountant. I advised her the statements I provide are sufficient for her accountant and for tax purposes as they detail the cost she has been charged for the repairs. They are given from my […]

Can I file an N5b with an unprotected deposit?

4th May 2016

Its the first time I’ve ever rented my flat, and at the time didn’t know about the government rental scheme, I just took the deposit and kept in a safe account separate to others until the time came when I had to give it back. Unluckily for me, my first tenants haven’t paid a penny […]

Can I reclaim property after 4 months?

4th May 2016

My tenant moved out at least 4 months ago, according to neighbours but has paid rent up till March. April’s rent has not been paid and we have been unable to contact tenant by phone. We visited the property and peering through windows can see some bags, ornaments, papers left behind. There is a large […]

Over 50% of target achieved in just 6 days

4th May 2016

A second round of shares in LettingSupermarket.com went live to members of the Seedrs Crowdfunding Platform just six days ago and has already achieved over 50% of the target fund raising level. Interest from Property118 Members has been particularly high as anticipated given that a large number of our members already utilise their services , i.e. […]

Buying Now Costs Less Than Renting in Over Half of UK Cities

4th May 2016

A Press Release submitted to me by a PR agency yesterday really annoyed me, and that was just the headline.  Before you read the press release you might enjoy reading my response ……. “Hi Zoe If this is correct it is absolute proof that the Government tax attack on private landlords is utter lunacy. The private rented […]

Property118 Landlords Association – should we?

3rd May 2016

Having raised over £500,000 to take West Bromwich Mortgage Company to the Court of Appeal it has been suggested by numerous Property118 members that we should become a Landlords Association. Sentiment appears to be that a group with courage to take legal action against rogue mortgage lenders and poor decisions made by Government is seriously needed […]

Agent or Solicitor negligence missing stamp duty deadline?

3rd May 2016

Just wondering if anyone can give me some legal advice please? It centres around a property purchase which was due to complete by March 31st, but never completed as it missed the deadline for the 3% stamp duty surcharge. The time line is as follows. Purchase agreed at the end of January. Shortly after I […]

Tenant blackmail at end of tenancy!

1st May 2016

I currently have a couple who have been tenants for the past 3 years, in my 2 bed flat. They have been ideal tenants paying rent on time, the flat is always clean and tidy and there have been no issues with the neighbors. They have had a couple of children whilst in the property. […]

Moth Infestation – HELP please

1st May 2016

Our town house in London has been invaded by moths. It has woolen carpets throughout and the tenants have some woolen garments, but the place is always immaculately clean. When Moths appeared our Agents had a local pest control Company fumigate the property on two occasions, but the moths remained! A national Company will solve […]

Gas Boilers declared At Risk because flue cannot be inspected?

1st May 2016

My gas boiler was recently classified “at risk” by gas engineer because following new 2013 ruling the flue cannot be visibly inspected. Property bought in 2008 is one of a number in a Georgian mansion ,conversion completed 2001. I currently live in the property as an Owner but plan to revert to renting the property […]

Management Charges as an alternative to Interest Payments?

1st May 2016

I have been the main funder of some student properties with a business partner. We have a share of profits from both income and capital appreciation. I put up the deposits for the mortgage, and I paid all the up-front refurbishment costs prior to letting. For the last few years I have been charging each […]

Tenant wants to go traveling for 3 months and let out his room?

1st May 2016

Hello, I’m a landlord due to the fact I’m working abroad so renting out my house whilst I’m not there! So not a professional! I have 3 single male tenants who have rented the house since September lat year. They have always seemed responsible, honest and have looked after the house well so I am […]

HMRC official landlord tax guide

1st May 2016

HMRC have developed an online e-learning package/guide that professes to help landlords understand what they need to do to meet their tax obligations. I had a quick squizz at some pages and it looked reasonably user-friendly, although judging by the test page on claiming expenses a tad over simplified and possibly patronising (i.e. who would […]

Recommendations for International Tenant Referencing?

29th April 2016

Can anyone recommend a good referencing agency for tenants who have recently lived overseas? I am only aware of one, TenantVerify, and am unable to find any reviews, positive or negative. The tenants I have in mind come from Romania, and all I can find about tenant referencing within Romania is from this EU document […]

COURT OF APPEAL UPDATE – West Brom Tracker

29th April 2016

Our legal team from Cotswold Barristers and Michael Ashcroft QC were superb at The Court of Appeal. Three judges sat on the panel to hear our case, two Lords Justices of Appeal and one Lady Justice, the most eminent being the Rt Hon Lord Justice Leveson, President of the Queen’s Bench Division and third most […]

Shared rental income now unravelling!

29th April 2016

For a couple of years now, my unmarried partner and I have been sharing rental income from her old (leasehold) flat, which she owns outright. It never occurred to us that we couldn’t split the income in this way. It was a way of rewarding me for loss of rent-a-room income when she moved into […]

Changing 6month advanced rent to paying monthly?

27th April 2016

My tenant has been paying their rent six months in advance for the last year. They’ve now asked to pay monthly. Anything I should be aware of, do I need another credit check? Many thanks Ian

Landlords profits improved by buy to let rush

27th April 2016

Buy to let landlords have experienced total annual returns of 12.2% over the past year assisted by the increase of purchases prior to the stamp duty deadline on April 1st. Average rents across England and Wales now stand at £791 a month, following a 3% increase over the year. The Midlands experienced the fastest rent […]

Deduction of tenant debt from Housing Benefit?

27th April 2016

Could anyone please let me know if it is possible to have a small sum of money deducted from a tenant’s housing or other benefit payment following an eviction where the tenant has got a county court judgment. I know this may seem a futile exercise where a landlord claiming would probably only get a […]

Share offer has gone live to the general public

27th April 2016

The share offer in LettingSupermarket.com has gone live to the general public via the Seedrs crowdfunding website. Please Click Here The crowdfunded share offer was restricted to Property118 members until now. Well over a hundred Property118 members completed the “Expression of Interest” form and I know that Chris Sheldon (Managing Director) has been busy talking […]