Page 700 – Property118

Court of Appeal Date – West Brom Tracker Case

8th April 2016

PRESS RELEASE Mark Smith of Cotswold Barristers has confirmed the date and time of the Court of Appeal hearing in the case of MARK ROBERT ALEXANDER (as representative of the “Property 118 Action Group”) Claimant – and – WEST BROMWICH MORTGAGE COMPANY LTD Defendant will be at 10 am on Thursday 28th April 2016 at Royal Courts of Justice, […]

Housing Benefit 4 weekly or monthly payment confusion

7th April 2016

Just had a quick question about how Housing Benefit is paid. I have two properties rented to the London Borough of Enfield at the 4 bed LHA rate. What I don’t understand is why for one property they pay me at the end of each month (i.e 12 payments per year) but the other property […]

Am I liable for tax building two properties on my residential land?

7th April 2016

I own a property that I have lived in for 30 years. I have just gained planning permission on a section of land adjacent to my house for 2 x 5 bedroom detached houses. The land is on a separate title which is approx a third of an acre I’m planning to build the houses […]

Good Books For Landlords to read?

7th April 2016

Which books do you think are good ones for landlords to read?  We are integrating an Amazon Book store into Property118 which will raise additional funds to support of work and the costs of running our web and email servers. Your recommendations may well inspire and help other landlords so please leave a comment and […]

Escalation of complaint to the BBC on reports about tax changes for landlords

7th April 2016

In reply to our complaint Click Here the BBC has sent this standard reply to everyone: “Thanks for getting in touch with us about BBC Business Correspondent Joe Lynam’s reports on changes for buy-to-let landlords broadcast on 28 February. Please allow us to offer our apologies here for the regrettable delay replying to your complaint. […]

Declaration of Trust and mortgage buy to let

7th April 2016

Hello, I am owner of a flat (alone) which I bought few years ago. I would like to buy a new flat with my wife, my current flat will be then let.  I need to convert my current flat to a “Buy To Let” (to borrow some more equity). I am additional tax payer (45%) while […]

Joint ownership into daughters sole name to escape CGT?

6th April 2016

Myself, my wife and my daughter are all joint owners of a flat. I want to sell it and, if we can, avoid any CGT. Here is what I’m thinking, please comment. I want to make my daughter the single owner, pay off the BTL mortgage then my daughter will the sole resident of a […]

Landlord Action logo

Roommate to Rogue – Landlord faces £24k debt on Nightmare Tenants Slum Landlords

6th April 2016

Fifth episode Wednesday 6th April – get it on Catch Up TV The second series of ‘Nightmare Tenants, Slum Landlords’ has already revealed victims and villains from both sides of the buy-to-let battlefield, but this week sees Landlord Action helping a landlord in more than £24,000 mortgage arrears after his lodgers turn on him. The […]

Can spouse claim mortgage interest as an expense

6th April 2016

I own a property in sole name which is rented out with a mortgage again in my name. I am setting up a Declaration of Trust of beneficial ownership so my wife will own 99% and I will own 1% as she is not working and will be looking after the rental property (and one […]

Is bedroom in roof space legal?

6th April 2016

In the past I have purchased numerous properties and added a bedroom(s) in the roof space (so the property then had a ground floor, 1st floor and roof space 3rd floor) and then rent the property out. In order to comply with building regulations I had to ensure that all bedrooms had fire doors and […]

Mortgage Express – Are they looking to break mortgage contracts?

5th April 2016

Mortgage Express have written to many landlords warning about a review of current interest rates and repayment types. The concern of readers is that Mortgage Express may be looking to break mortgage contracts on long standing tracker reversion rates in the same way the West Brom have done. The Property118 organised class action against West Brom […]

Legal action over being denied Right to Buy?

5th April 2016

I live in a bungalow that is owned by a local council, I applied to buy the property under the Right to Buy Act 1985, but have been told I cannot buy it as it is suitable for occupation by the elderly (Over 60’s). It has no modifications as such, no hand rails, there are […]

Clause 24 Judicial Review UPDATE

4th April 2016

We send you our apologies for the limited number of updates over the last month. Whilst it has been an incredibly busy time, the work being done has been largely by way of preparation for the next stage. You’ll be very pleased to hear that April will see our cause reach new heights. With your […]

Tenant changing leaving date within 2 month statutory period?

4th April 2016

Our letting agents gave our tenant the required 2 months notice as we want to sell the property. She found another suitable rental property and asked to move out early, after 1 month. We agreed and she contracted to move out after 1 month. The property is due to be listed for sale with vacant […]

Campaign to remove George Osborne from the post of Chancellor of the Exchequer

4th April 2016

Sharing below my email sent to David Cameron earlier today – perhaps bombarding his Inbox with similar may start to get the message across? “Dear Mr Cameron I write to implore you to remove George Osborne from the post of Chancellor of the Exchequer. The latest debacle and u-turn over cuts to disability benefits is […]

Can my tenants reduce their rent?

4th April 2016

Can my tenants reduce their rent due to being without a boiler for few days. After repairing our old gas safety checked combi boiler it finally broke down completely. A few days later a new one was fitted. I provided electric rads temporarily, but now they want a reduction in this month due to the […]

Shelter with a new PRS bashing propaganda low

4th April 2016

I see Shelter are at it again with their bashing of the PRS, interestingly with the dodgy lettings site they have been so lazy that whatever place you put in you just get a random selection of only about 10 properties and each only have one photo, not really much substance to it then really. […]

Consider the Present Value of assets when calculating capital gains tax

4th April 2016

I became a landlord to manage my own destiny as my pensions are poor due to redundancies etc. I contend that 1. Private landlords can only use 1 year’s capital gains allowance. This is unfair 2. The current method of calculating a capital gain is wrong and does not reflect the true value of an […]

Do you know the length of your lease?

4th April 2016

The title says it all …. do you? And if you don’t, why not? Did you know that the length of your lease has a direct impact on the value of your flat. It always surprises me when clients realise the length of their lease in a panic, either because they are trying to release […]

What happens about Costs if you lose at First Tier Tribunal?

4th April 2016

I, together with a group of other long flat leaseholders, have tried everywhere without success to find out whether we will be liable for costs and if these could be high if we lose a case which looks as if it is heading to First Tier Tribunal, as the other side has told Land Registry […]

Tenant sueing over unprotected deposit – A cautionary note

4th April 2016

As landlords of some 30 years, we served notice on a tenant in October 2013 who had been with us for 10 years. In 2003, when we initially rented the flat to this lady who worked for the NHS in HR in Wolverhampton, all was fine and dandy and at this time deposit protection wasn’t […]