Page 702 – Property118

Started in construction and want to start my own portfolio

28th March 2016

So I got into property at 18 but from a different angle, it was the construction side not the investment avenue I so passionately strive to be in. While it has served its purpose working for investors and property dealers for years I would be covered in all sorts of construction debris while they strolled […]

Implied restrictive covenant breach on Ex LA student let in Norwich

28th March 2016

I am wondering if anyone else has come across this problem with Ex Council Houses. I am purchasing additional ex Local Authority houses around the University in Norwich as going concerns which are let to students on single AST’s. My Conveyancer picked up on a restrictive covenant within the deeds and queried this through a […]

Buy to Let starting out – Families DSS Student HMO?

28th March 2016

Firstly hello everyone. I am a 55 year old single man. I lost my job a year ago, and it was recently suggested to me I look at BTL as a business idea. I have my own home with clear equity of £200k, and liquid savings of approx. £60k. I am expecting an inheritance to […]

£1000 Council tax black hole!

24th March 2016

£1000 council tax bill for my ’empty’ property up for sale for a year, ouch! This really ‘grates’ as one next door on benefits pays nothing and not worked for years! I assume some of it can be clawed back as an expense but it wouldn’t amount to £1000. I’ve racked my brain trying to […]

Leaving previous owners lawn tools and PAT testing?

24th March 2016

My wife has just completed a house purchase which she is to let out. The previous owners or their relatives (owner has moved into a care home) have left a number of tools and other items in the shed including an electric lawn mower and strimmer. The lawn mower is in working order as I […]

6 Months to assess HB claimants rent increase and still no answer!

24th March 2016

Can anyone with a good knowledge of the housing benefits system give me some insight and information of the redress available to me following my attempt to increase the rent of a housing benefits tenant. I am still awaiting a decision on the increase almost six months later! In my previous experience LHA’s will deal […]

LettingSupermarket.com 4% for Full Management – New Kent Coverage

23rd March 2016

You might be forgiven for thinking that a 4% fee for full management (minimum £24.99 pcm plus VAT) would involve cutting corners. You’d be wrong! ARLA bonded agent Letting Supermarket have been doing it successfully for years. If you need a recommendation you may take comfort in the fact that they manage my entire portfolio. […]

Is Cambridge the best place to invest right now?

23rd March 2016

House prices in Cambridge have risen at a faster rate than those in any other town or city in England and Wales since 2010, according to official data. The Office for National Statistics has also revealed the growing north-south divide in property values. The median price paid for a property in the city increased by […]

Landlord kept property left behind and acting maliciously?

23rd March 2016

I have now left my rental property where I was living and now moved to a new rental property, I discovered after leaving that I had left 5 valuable statues in a cupboard at the old property and have called and emailed my old landlords but they are not answering my calls or emails, I […]

Transfer of Equity on former residential home back to sole name

23rd March 2016

My husband and I are joint owners of one rented property plus our residential home. I bought the property in 1990 and lived there for 10 years. I then moved in with my now husband and have let the property since June 2000 to various tenants, the latest of which has now been with us […]

Can rent portion of Universal Credit be payable to landlord

23rd March 2016

I have been renting to Housing Benefit tenants (HB) and have always had the rent paid to me even after the regulations changed in 2008 so that the benefit had to be paid to the tenant. As those who rent to HB will know, it was possible for the HB to be paid directly to […]

Lack of housing but an abundance of property development finance

23rd March 2016

There is a frighteningly lack of housing in the UK and the highest demand for houses for 14 years. This along with the fact that base rate has been held at an all-time low for a full 7 years and the fact that the Government has confirmed that Permitted Development Rights (PDR) are here to […]

What is Rent Guarantee Insurance?

22nd March 2016

Rent Guarantee Insurance in a nutshell is a financial product that protects you against loss of rent if your tenant stops paying. There are many reasons why a tenants may stop paying rent. They may no longer be able to afford it. They may decide they are not going to pay it anymore because of […]

Stamp Duty on partnership transfers after April

22nd March 2016

I’m looking into the possibility of using a BICT to transfer the beneficial interest of my personally held buy to lets to a company and believe I’m well placed to claim capital gains relief as I manage the portfolio myself. However the SDLT payable would be very high and make structuring my business in this […]

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Tenant referencing guide for landlords

22nd March 2016

There’s no way to guarantee a tenancy will be problem-free. But carrying out a thorough reference check of tenants should minimise the likelihood of there being issues. What is tenant referencing? Carrying out correct tenant referencing is one of the most important processes a landlord undertakes when choosing to let a private property. Professional tenant […]

Owner of a Leasehold maisonette has offer to buy Freehold?

22nd March 2016

I am a owner of a upstairs maisonette in the London area. Price is about £350K for 2 bed I have the back garden and the downstairs own the front. The freeholder used to live downstairs but sold approximately 18 months ago and when she did she could not sell the freehold the the new […]

Should I convert my 3 flats to an HMO?

22nd March 2016

We have a property in Nottingham. It is currently 3 flats (one on each of the 3 storeys). Each flat contains 2 bedsits a shower room and a kitchenette. Each flat is connected to the central stairwell (and ground floor flat also has a dedicated entrance. I am currently refurbishing and making each room en […]

Tenants clashing with each other and subletting?

22nd March 2016

We have a tenanted property which is fixed for 12 months (Yes, bad move), with a single AST of 4 individuals. We have had problems more or less after the 1st Month when one of the tenants was not happy about the actions of the others. We tried to keep the peace, but it kept […]

New court form for residential tenant evictions

21st March 2016

The Civil Procedure Rule Committee subcommittee on court forms has announced a new form for the issue of a writ of possession against occupiers other than trespassers. This would include former tenants and mortgagees. The new form, PF92, gives permission to enforce a judgment or order for the giving of possession of land (and property) […]

small extractor vent for grade 2 listed in conservation area

21st March 2016

The property has a bathroom extractor vent feeding into a chimney, NOT a good idea. I am considering running boxed in ducting through an internal wall, through the bedroom to exit at front of building(roughly 13 feet length). Believe me it’s far quicker getting advice from Property118 readers than the Local B.C. So, do you […]

Use of my SIPP to finance holiday let property

21st March 2016

I have a property which I am planning to turn into a holiday let before 1st April 2017. I have funds in my SIPP (self invested personal pension) which I would like to use as part of the finance for the property. I think that you can use a SIPP to invest in Commercial property […]