Page 712 – Property118

This Is George

29th January 2016

Pictures like this have been going viral on Facebook so I decided to create one of my own. I think we should keep this theme going every day so that more landlords get the message and share it with others. It only took me a few minutes to create these pictures so I’m very happy to […]

Should commercial tenant pay for Periodic Electric Condition Report?

28th January 2016

We own a commercial building of roughly 6000 square foot. We bought this building in June 2014 for the purposes of relocating our business to this building. We sold the business in June 2015 to a company who not only bought the business but decided to lease the building from us. Our present insurers have […]

Stunning BTL apartments in the heart of Salford

28th January 2016

Bridgewater Gate is a beautiful residential development in the heart of Salford, providing 53 stunning apartments to the thriving rental market. Along with spacious and high-spec apartments, this development will also contain a number of breath-taking roof terraces, providing a tranquil retreat (including beautifully landscaped gardens and secluded seating areas) for its tenants wishing to […]

HMO or straight unfurnished let?

28th January 2016

We are about to purchase our second investment property in SE London. It’s a 2 bed semi and could easily be converted to 3 bed by using a downstairs room. The straight unfurnished let should achieve a gross rent of £1400 per month . Letting 3 rooms individually could achieve circa £1800 – 2100 per […]

Flexibility and resilience in joint ventures

28th January 2016

When buying property with another person, typically with an investor, what’s important for us is sticking to our ethos and values. This allows us to over come most issues in the right way. This doesn’t mean every joint venture or deal is the same. Actually what’s important to remember is flexibility must always be a […]

shawbrook

Shawbrook launch new BTL products for the rush before Stamp Duty increases

28th January 2016

Shawbrook Bank are one of the most flexible lenders for property investors with real underwriters that will look at individual cases and a whole range of criteria and products from standard BTL to Refurbs and Bridging facilities. They have just released a new range of BTL products to attract business from the rush to get […]

Marriage break up and loss of job will turn into DSS tenancy

28th January 2016

Tricky situation: I have a sole 3 bed BTL property and have a really nice family in it who both worked. I learned last month that the wife was to lose her job so there would be only one wage earner. She was looking for work. I did my 6 month inspection 2 days ago […]

The most unusual of squatting circumstances

28th January 2016

As we launch our new eBook on the eviction of squatters, trespassers and activists from land and commercial property, we take a look at some of the more unusual circumstances we have come across in the course of squatter evictions. Here are the ones that stand out the most for us: – Squatters who left […]

Should I have issued new deposit protection documents for second fixed term?

27th January 2016

I was letting my property to tenants who wished to continue after the fixed term lease expired. Instead of letting the tenancy go to statuary periodic I issued them with a new 6 month short term lease. The original was for 1 year. I kept the original deposit and did not issue new information. They […]

Parking spaces add up to 13% to the cost of new properties

26th January 2016

Less than a fifth of new build properties in London include a parking space in the purchase price, compared to 67% for other major cities, according to new research. A parking space with a new home in London can add up to 13% on the price of the property, making them unaffordable for many. Restrictions […]

A Landlords Open Letter to The Rt Honorable Michael Fallon MP

26th January 2016

Dear Mr Fallon,  Thank you so much for your time at your Swanley surgery on Saturday. Following our meeting I would like to take the opportunity to summarise some of the key areas of disagreement between us on the effects of Clause 24 of the Finance Act (2) 2015. Firstly I would like to start […]

Turns out a property I bought over 2 years ago has a charge against it?

26th January 2016

I bought a house over 2 years ago to rent out, all went well until about 3 months ago when the local council contacted me saying they had a charge on the property and unless I paid the outstanding amount of £1500 they would take legal proceeding’s against me. I know they cannot make me […]

No signed contract with agent and inventory not up to date

26th January 2016

I’m not an experienced landlord & only started renting out my house last year, following relationship breakdown. I’ve used a very well known letting agent from the start, to provide a fully managed service for me as I have a busy job, little time & I haven’t got a clue how to manage it myself. […]

Inherited Freehold situation

26th January 2016

I have inherited a situation I don’t fully understand and wonder if anyone can clarify how things should work please. I am not familiar with running a company and all that entails. I own 3 leasehold flats in a block of 4. There is a Ltd management company that owns the Freehold and I own […]

Is Rightmove snitching to Mortgage Express?

25th January 2016

The dreaded MEX review has led to ruin for many, so it is wise to avoid triggering one. I would like to know if any reader has had a review started within a short time of advertising a property for sale on Rightmove or Zoopla, etc? Rightmove run a ‘snitching’ service, called ‘Mover Alerts’ which […]

Buy with cash or mortgage my first BTL property?

25th January 2016

I’m in the fortunate position to have enough cash to buy a rental property outright. The home I live in is also mortgage free. Should I buy one property as a rental with no mortgage or buy 3 or 4 on a 75% LTV ratio. Advice would be welcome Jen

HMO Gross Yields and what is reasonable?

25th January 2016

I have recently seen an advert for a HMO for sale offering a 12.2% gross yield. As someone who operates several HMOs, I felt that this is perhaps not a very good yield at all, and I wondered what other landlords on here thought would be a reasonably good gross yield? My reasoning for dismissing […]

Open Letter To Grant Shapps and the BBC – Clause 24

22nd January 2016

I’ve shared this email to my MP, Grant Shapps, on another thread where a prominent poster has suggested that I post it on a new discussion.  I emailed Grant Shapps on 7th January 2016. He acknowledged, but I received no further reply. I emailed him yesterday morning giving him the chance to reply, and informed […]

Issues with changing monthly to weekly rent payments?

21st January 2016

I have a tenant who is terrible at paying his rent. He does pay, eventually, but is bad with money management and has now asked to pay his rent weekly as that is how he is paid. I do not have a problem with doing this, but wonder how this affects my tenancy agreement and […]