Page 704 – Property118

One owner occupier in block harassing my tenants!

1st August 2016

In London, we are in a small block of flats all with share of freehold that share a garden with some private and communal areas. We own all the flats bar one and usually rent those out, but do occasionally return to live there. The one flat we do not own contains a 30-40-something couple […]

Letting Agent increasing price as now registering for VAT?

1st August 2016

My letting agent has just informed me that they have grown and now registered for VAT, as such future bills will have VAT added. As an individual this will put up my cost by 20%. I know they aren’t making any more money from this but they have only provided me with 4 days notice […]

All electrical items in the property are left as a gesture of goodwill?

1st August 2016

When we initially viewed our rental property and prior to signing the rental agreement, there was a fault with the integrated fridge freezer which was pointed out to the letting agent. We were assured this would be addressed. With that in mind, we duly signed the agreement believing that it would be repaired. It took […]

What is the science behind an offer price?

1st August 2016

I am very new to the whole property investment market and I have been researching two areas for investment property (flats) at the moment in Slough and Ilford. I have made a few offers, unfortunately my bid usually just falls through. I wonder if my offers are too low or investors see something that I […]

Repayment or Interest Only for new flat?

1st August 2016

I am looking to a buy a flat locally for £60,000 the current rents achieved are between £550 to £600. The same flat on the same floor is worth £75,000. I am looking at a pension really more than short term gains or income which is not needed. In this position am I better going […]

Exciting BTL opportunity near to Manchester’s £800m regeneration zone

29th July 2016

According to recent figures, Manchester ranks 4th in terms of rental yield and buy-to-let property. Investors can take advantage of the booming market and current launch offer discount of 10%, and invest in Naples Gardens, an exciting development near to the extensive £800m regeneration project, NOMA. Naples Gardens is located close to the NOMA regeneration […]

Open Letter to Philip Hammond MP – Chancellor of the Exchequer

29th July 2016

FAO Chancellor Of The Exchequer – Mr Philip Hammond MP Dear Mr Hammond Re: Levelling the playing field between owner occupiers and private landlords In reference to George Osborne’s commitment to “level the playing field” on UK housing between owner occupiers and private landlords we would like to suggest the following additional steps given the […]

Any Property Geniuses know of low income remortgage companies?

29th July 2016

My partner and I have 4 fixed mortgages coming to an end over the next couple of years. The problem we have is I would like quit my 9 – 5 job move to the countryside and start working part time to enjoy the hard work we’ve put into building our portfolio. My partner is […]

Building on land at the rear of my mortgaged property?

29th July 2016

I have recently purchased a 4 bed property for £250,000 (total plot around 300 sq/m). I have a residential mortgage on the property of £150,000 (60% LTV). To the rear of the property is a large plot of land suited for a new build – I’m 99% sure I will be granted planning to build […]

Housing Association rental or Buy to let?

29th July 2016

M&B own a 4 bedroom semi detached property with a mortgage. Both were born in 1957. They have 2 children. Daughter A was born in 1985 and has an acquired disability through viral encephalitis (herpes simplex) at the age of 3. A now has severe epilepsy, severe learning difficulties and right sided hemiplegia. A currently […]

Pink storage box labeled "Personal Belongings" used for organizing tenant items after eviction.

Getting rid of personal belongings?

29th July 2016

We were granted an eviction order for non payment of rent amounting to more than £3,500. The tenant was due to vacate on July 13, which she did, but removing only some of her furniture, etc. The remainder of her furniture, belongings, clothes and personal items are still in the house. Despite many text messages […]

Ordinary 4 bed flat but with HMO Licence?

28th July 2016

I bought a derelict flat next to West of Scotland university in Paisley (it had been empty for a number of years ) and I converted it to a 4bed flat. Initially the assessor gave it a council tax banding of Band C which is OK to this point. The HMO Licence was granted the […]

Buy to let investment hotspots revealed!

28th July 2016

The top city for rental yield has been revealed as Manchester, however the best overall returns are still offered by London, according to a new report. The average rental yield in Manchester has reached 6.8% between 2010 and 2016, coming out on top in a list of postcode areas in England and Wales where rental […]

Sublet tenant with no agreement, no payment and false claims!

28th July 2016

We have someone in our home whom we have sublet a room to. She screams day and night, she hasn’t signed the agreement which she promised to do as she entered the home and she doesn’t pay the rent. Recently she has filed a case on one of our friends who also stays here, on […]

Landlords evicting illegal immigrants – Last minute changes

28th July 2016

Last minute changes to the Immigration Bill to give greater protection to landlords were approved in May, shortly before the bill received royal assent. Right to rent Section 22 of the Immigration Act 2014 introduced the Right to Rent regulations which make landlords responsible for checking that their tenants have the right to rent in […]

Removal of Furniture to girlfriend’s house!

27th July 2016

We rent out a furnished apartment via a letting agent. We have just inspected with the letting agent present and the tenant has removed all the furniture from the second bedroom and a table and chairs from the dining room. He has also turned the second bedroom into a study. We were asked by the […]

Tenant is sub letting, in rent arrears, and out of the country!

26th July 2016

We have a property on a 12 month AST with 5 months left to run. The tenant has not paid his rent this month and on further inspection we find that the property is being sub let, but with him keeping a bedroom. He is out of the Country until September and on speaking with […]

Consequential Losses Claims Against West Bromwich Mortgage Company

26th July 2016

As a result of the success of the campaign against the West Bromwich Mortgage Company we have had enquiries regarding losses caused by the unlawfully demanded repayments, which the repayments of overcharges do not compensate for. Capital and income losses that we can seek compensation for include- LPA receiverships arising from failure to pay the unlawful […]

Not Classed as Self Employed for business lease?

26th July 2016

I am in the process of trying to complete a ” Business Lease ” on a car from BMW and have hit a stumbling block . They are stipulating I must be Self Employed or have a Business in order to lease a car under a Business Contract. Now here is where the problem lies […]

Buying another property – what costs can be deducted from the income?

26th July 2016

I have recently bought a second buy to let property and a little unsure of what costs that can actually be deducted from my income. I let out my first property since 2014 and the purchase of the second property completed in May 2016 and it was then been let out in June. I am […]

What Court Order should I apply for?

26th July 2016

I own a property which has both a Freehold and Leasehold title. In 1998 I asked my Solicitor to transfer both Titles into my own name from the names of me and my then girlfriend when the relationship ended. I paid her £4000 for her interest in the property. The Leasehold interest was successfully transferred […]