Page 700 – Property118

How do I value property if I became joint owner 6 years after purchase?

30th August 2016

I really hope you guys can help. My wife kept her property when we purchased ours. She let it out and then 6 years later we became joint owners of it. We have sold the property. I understand how to calculate her CGT liability but, I never lived at the BTL property and as I […]

Enough is Enough!

30th August 2016

I’ve had ENOUGH of lazy journalists who blame private landlords for the housing crisis. I’ve had ENOUGH of MPs who pay lip service to concern for tenants. I’ve had ENOUGH of charities who demonise landlords. I’ve had ENOUGH of government ministers and their civil servants who pursue ill thought out policies. I’ve had ENOUGH of […]

Norwich City Council should reject Article4

30th August 2016

The growth and sustainability of the UEA needs the support of private investors to continue to offer accommodation to the growing student population. With interest rate relief cuts, increase in stamp duty and post Brexit BTL products changing, the sector will almost certainly have less investment. By introducing Article 4 Norwich City Council are demonstrating […]

Deal Breakers to pay attention to before determining value

30th August 2016

When it comes to achieving maximum value, it is easy to forget that what is appealing in terms of taste to one person can be abhorrent to the next. Of the many home improvement faux pas which affect saleability and value in the minds of buyers, the following seven deadly sins represent the equivalent of […]

Tenant wants reduced rent to cover Green Deal loan?

30th August 2016

I have updated a property of mine with a new extra wall insulation on green deal finance, new boiler and new roof. Which has been an expensive upgrade. My tenants saw a massive improvement in their energy costs. However due to job circumstances they moved out in June. I now have new tenants who I […]

Should Management Fee be passed onto tenants?

30th August 2016

We have a small portfolio of BTL properties one of which incurs an annual Management Fee which we have paid for the past 10 years, but we are now wondering should this have been an expense passed on to our tenant as she is clearly the ones who has benefited from the services provided? As […]

Deed of Trust CONFUSION! HELP!

30th August 2016

I will try to keep this as simple as possible!  I am the sole owner of 5 buy to let properties on mortgage. I wish to remain the sole owner by way of land registry. My wife has done majority of the leg work and finances towards the building of this portfolio – albeit in […]

Bank of England chief economist says property better than pensions?

30th August 2016

In an interview with The Times the Bank of England chief economist, Andy Haldane, said property was “almost certainly” a better investment for retirement and he could not make “the remotest sense of pensions”. This has caused quite a stir and accusations of irresponsibility considering his current pension pot is now worth a reported £83,816 […]

97 year old woman with Alzheimers being persecuted by Director!

28th August 2016

My mother is 97, has Alzheimers and a pacemaker. She lives in a mansion block, is a freeholder and probably the longest resident in the building. The owner of the flat upstairs is a director of the freeholders association. His nephew has bought the flat. He has also bought the space outside the flat and […]

Insurance included in flat service charge – will it cover letting?

28th August 2016

I am very near to completion on an investment flat that I intend to rent out. The service charge includes the building insurance, however I want to know if this insurance will cover letting the place? I have been asking my solicitor this question for weeks now and frustratingly am still yet to get any […]

BTL landlords are benefits sucking people farming leaches

28th August 2016

This is another one of those antagonistic headlines to get you hot under the collar and to motivate you into action. It’s nothing you can’t read every day in the comments section of the National media though is it? And can you really blame the journalists for publishing their sensationalist, attention grabbing, anti-landlord headlines to sell […]

Sometimes I Despair

26th August 2016

If everybody who benefited from our campaign against The West Brom was do donate just 10% of the £27,500,000 we recovered for them Property118 Action Group would have a fighting find today of over £2.75 million. If each person who read my article last night had committed £10 a month we would be building a fighting fund at a rate of […]

How Can I Evict Council Tenants Through a Sublet?

26th August 2016

I am asking on behalf of my mother, who owns a three-bedroom house. The property was leased to an estate agents that offer guaranteed rent whether the property has tenants or not. My mother signed a contract for two years, so she was due to receive the property back in May 2016. As such, she […]

Which university offers the best buy to let investment?

26th August 2016

The average house price across the top 100 universities in the UK equates to £319,963, according to a new poll. Leeds University achieved the best balance of UCAS entry level and property prices for those considering a buy to let investment. Leeds University has an average entry requirement of 436.5 UCAS points and an average […]

Really worried and looking to sell ASAP

26th August 2016

After reading all the doom and gloom on the new tax rules and now the underhand tactics regarding CGT, I’m pretty much done and looking to sell up. I’m really worried that I will go bankrupt and take my family with me. It just isn’t sustainable under these new rules. I have two properties both […]

Welcome news on human rights and proportionality for private landlords

26th August 2016

The Supreme Court has ruled that an occupier of a private residence cannot invoke Article 8 of the European Convention on Human Rights (ECHR) as a defence when the private landlord seeks possession. Article 8 Article 8 http://www.echr.coe.int/Documents/Convention_ENG.pdf covers the right to respect for private and family life and states the following: Everyone has the […]

Capital gains on BTL to be taxed as income

25th August 2016

If you thought clause 24 of the 2015 finance bill was underhanded, wait until you get a load of this!  The government have slipped some additional clauses into the finance bill 2016 “Sections 75-78: taxation of profits from trading and investing in UK Land” which make profits made on the sale of buy-to-let property become taxable income, at […]

Sanity check required!

25th August 2016

Myself and my wife are established BTL landlords with a high value portfolio of six properties in London. The net result taxwise is that we both now have incomes of just above the higher rate limit of £43K and no other income. The purpose of the portfolio is purely is to provide a long term […]

New tenanat wants to bring his own gas cooker

25th August 2016

I have a new family moving in 1/10/2016 who wish to bring there own gas cooker. Do I have any legal responsibility to get the tenants own gas cooker they want to install gas safety checked or is it their responsibility to use a gas safe installer of cookers? I appreciate that I need a gas safety certificate […]

The true costs of taking a management company to 1st tier tribunal

25th August 2016

I have just had a very traumatic experience after taking a freehold management company to 1st tier tribunal over a costs dispute. This is my story of how winning £800 cost me over £14,000. In 2014 I took a managing agent to a 1st Tier Tribunal and they were ordered to repay unreasonable service charges. The tribunal made […]

How Three Dozen Morons Influence Anti Landlord Media

24th August 2016

Their leader has been praying for a House Price Crash for years, he’s even set up a forum dedicated to helping to create one! By his own admission he can afford to buy a place of his own but has always chosen not to. What a plonka! His strategy is based on hope and he’s recruited around three […]