Page 715 – Property118

Clause 24 Rent Increase letter to tenants template?

5th January 2016

Good morning and a Happy New Year to you all! Now that our first working day of the year is out of the way, I am now making a start on my number one major project of 2016: rent increases. I have not increased rents during a agreement in over 25 years, but occasionally make […]

Previous landlord failed to register deposit?

5th January 2016

I bought a property at auction in August 2015 which included 6 existing tenants. Some of the tenants have remained in the property on their existing tenancy agreements and as these expire, I will offer them new tenancies or continue on their existing agreement as a periodic tenancy. The tenancy agreement (AST) is very short […]

Landlord Action calls for a Rogue Tenant List

4th January 2016

The Housing and Planning Bill is currently making its way through Parliament following a Government consultation on ‘Tackling rogue landlords and improving the private rental sector’. They are proposing a blacklist of persistent rogue landlords and letting agents. In response, Paul Shamplina, Founder of Landlord Action, is calling for a blacklist of persistent rogue tenants […]

Additional gentleman friend?

4th January 2016

I have a tenant who is a single lady on a fixed 12 month agreement who has lived in the property for 2 years. My husband called at the property early this morning to look at her shower and she told him she was happy for him to let himself in as she would be […]

Transferring a Freehold commercial building to a LTD company

4th January 2016

I own a freehold petrol station and MOT garage, the long term tenant is now gone and its vacant, I have plans to redevelop it however the planning I have achieved so far is not particularly profitable. I am keen to transfer it to a LTD company. My questions are as follows: 1. If I […]

Do I need to compensate tenant for emergency boiler repair that needed parts?

4th January 2016

Four days following the annual gas cert and boiler service (no problems found) a tenant notified me the heating had stopped working. I got the gasman back out and he found it was working fine. Few hours later tenant called gasman direct to say it wasn’t working again. Gasman revisited and concluded it must be […]

Retrospective License to Alter?

4th January 2016

I purchased a leasehold apartment in central London two years ago. At the time, the apartment was near derelict. The lease says structural changes need the permission of the freeholder without this permission being unreasonably withheld. Shortly after purchasing, I contacted the freeholder with the planned changes I wanted to make. These included removing three […]

Refurbishments cost loans – clause 24

4th January 2016

We are property investors between Salisbury and Southampton and we wrote to Mr Rob Marris (Labour MP Wolverhampton South West) who spoke in the House on Clause 24. We own seven houses which are let to families with children and we pride ourselves on the standard of accommodation. We like to refurbish the properties either […]

When enforcement of a CCJ fails?

4th January 2016

We have two CCJs issued against two ex-tennants. One is something of a ‘straw man’ so we have not pursued it. However the second individual owns a house outright (after inheriting money) and an expensive car. We have tried all the methods offered by the courts to recover the money but have not been successful. […]

Tenant break-up with rent arrears a surprise lodger and S21 notice

4th January 2016

I have a small property let to a young couple which went onto a periodic arrangement about 9 months ago. Subsequently the man “misbehaved” and left the house. We have had no more contact, but informed the remaining tenant we still considered the other party to be liable for the rent. She has made great […]

Installing a single Broadband/TV connection for flats

4th January 2016

I am in the process of converting a single property which was split into 2 very large self contained flats into a 5 self contained flats. I have tried to search to see if anyone else has posted about this but couldn’t find anything relevant. I don’t want individual tenants installing their own connections/satellite dishes […]

Council not granting parking permits to new refurb tenants?

4th January 2016

I have just completed a refurbishment of a property from two flats to five. The new tenants have complained that they cannot get car parking permits for the new development as car spaces are assumed to be provided. There were car permits for the previous 2 flats. Car space does exist, but is at the […]

Happy New Year George Osborne!

1st January 2016

Well George, it’s that time again when you look back on the past year and forward to the year ahead. How was 2015 for you? You are probably feeling very pleased with your achievements. Your Conservative party was elected with an overall majority in the May election. Now there is no Clegg, Cable or other […]

A response to the Consultation on Higher Rates of Stamp Duty Land Tax

30th December 2015

I wish to make the following comments on the consultation on ‘Higher rates of Stamp Duty Land Tax (SDLT) on purchases of additional residential properties’. My first point is a general one. The Government says that it is committed to accelerating housing supply and wants to see more homes built. This policy on higher rates […]

Tax return changes

30th December 2015

Please can I highlight the proposal to make the self-employed, landlord and others submit their tax / income details on line at least 4 times a year under the guise of reducing the admin / burden on the self-employed, landlord etc. This will be an on-line requirement (Digitalising the tax system) There is a petition […]

Why all the fuss about Clause 24?

30th December 2015

Clause 24 restricts finance cost relief for individual landlords and was proposed by George Osborne in his Summer Budget on 8 July. Companies are not affected, nor are the wealthiest landlords with no mortgage debt. Landlords are currently able to offset all their finance interest against their rental income, before calculating their rent profits and […]

Finance for limited company to BTL in Scotland

30th December 2015

Does anyone have the inside track on why lenders seem to have been so slow to come up with more BTL mortgage products for limited companies, following the new tax measures announced in the Budget and Autumn Statement? I have been looking into options for buying a property in Scotland and have been advised that […]

New phone lines installation for renovation project

29th December 2015

We are in the process of a major renovation project of a period townhouse with 5 flats. The building currently has two overhead phone lines coming in, both of which we understand are now disconnected (the house is now empty). We consulted Openreach on options to arrange new phone lines and were given the following […]

Which Stamp Duty for new residential property?

29th December 2015

I have a scenario in which I would like to know if the normal or extra stamp duty (second home or buy to let) thresholds will apply. Currently I have a small number of rented out properties. One of which I have lived in for some periods of time (circa 3 years or more) before […]

Responsibilities for a flooded property occupied by a tenant?

29th December 2015

Can anyone advise me on what the landlord responsibilities are towards a flooded property (due to the recent unprecedented weather in the north of England) which has become inhabitable? Do we need to pay for alternative accommodation for the tenant and if so 1. For how long? 2. Does it need to be like for […]