I Bought/Reserved a 30th floor flat from a developer in summer 2013 and was told that my flat is the highest floor with a balcony. That means I will have an open sky balcony. This is definitely a great feature with significant added value to the flat. Now as the building approaches the completion, I […]

Foundation Home Loans will increase its rental cover requirements to 145% for individual applications, but leave limited company products at 125%. Simon Bayley, commercial director, said: “There is no doubt that with the new restrictions on tax relief which landlords can claim back and now the hardening of the rental cover calculation, the limited company […]

Capital Gains Tax Reduced – from 28% to 20% for higher rate tax payers and from 18% to 10% for low rate tax payers from April 2016. However there will be an 8% surcharge on residential property leaving Landlords selling at the same old rate! My wife and I own a single title building where […]

I own a two residential properties which I let out plus my own home, all of which are in the West Midlands. I would like to move back down to the West Country where I lived some years ago. I would ideally like to sell all my properties in the West Midlands and buy two […]

I purchased a new purpose built flat 6 years ago. The lease states that the floors should be covered with wall to wall carpet or such alternative means of floor covering as approved by the manager whose approval should not be unreasonably withheld or delayed. At the point of purchase the developers showroom was full […]

I purchased an HMO in 2011 with about 12 current tenancies, from a variety of agents. These agents held on to the deposits until last year when I decided to self manage and they have thus unprotected all the deposits, paid them over to me, and I have now paid to protect them with My-Deposits. […]

We’ve had a offer excepted on a property and have sold ours. We are purchasing from the next of kin so they are going through probate at the same time as selling the house! We’re 10 weeks in with no end in sight . I’ve found out today that probate hasn’t even started yet and […]

A tenant of a landlord is subletting a room to me. I don’t know if the actual landlord is aware. At first she was nice to live with, but very quickly it appeared she has severe depression and behaves weirdly. She uses all of my things, she comes in to my room, eats all of […]

I would like to preface this piece by saying that I, like the majority of decent landlords I know would fully support true Selective landlord licensing in Liverpool. It is the politically motivated ‘blanket’ licensing, which after 13 months has not improved the situation of a single tenant in Liverpool, that we object to. In […]

We are currently processing all ticket requests for the Tenant Tax Summit on June 9th and you should have started receiving email registration details if you have pledged the minimum £100 required and emailed us to claim your ticket. IMPORTANT: Please remember that you must email [email protected] with a copy of your pledge receipt to […]

The Quest Survey and Valuation reporting systems are the most widely used by surveying firms across the UK reporting back to lenders and customers. They are therefore in one of the best positions to report on activity in the Buy to Let market as a valuation survey is only instructed once a mortgage has been […]

My tenant moved in before I had time to check his references as he told me it was his only day off. I then found out he had a criminal record. I have not taken any money off him and he has not sign a tenancy agreement. I need him out for the sake of […]

The Bank of England have released their latest Inflation Report and have revised future predicted interest rates down based on reduced growth and inflationary pressure. This is being partially blamed by the Bank of England on the destabilising effect of a possible Brexit vote on the economy. See Table 5A below showing predicted Bank Base […]

Hi all tricky one for me but hope someone out there has an answer. I have a tenancy agreement now periodic, but the agency managing the flat have been dissolved voluntary strike off confirmed it via companies house. Is the tenancy agreement now null and void and what happens next. Many thanks Ashley

My wife and I are looking to buy my in-laws home as they are looking to downsize. Is it possible to pay them less than their asking price for the house (thus reducing stamp duty) and pay the rest as a cash lump sum? If so what would be the tax implications for them in […]

I have served a S21 on my Tenants and when they failed to leave the property, I have applied for a Possession Order with local courts. This has been served and the 14 days allowed for the Tenant to put in a defence expires on Friday. My question is – the washing machine has broken, […]

I own a flat with low lease 62 years on an Absolute title. However, the freehold deeds were lost and the freeholder now has a Possessory title a year ago (in 12 years they can upgrade to absolute). I have paid for two surveyors and legal fees and negotiated a premium to extend the lease. […]

My grandparents are downsizing to a flat and are able to purchase a new property without selling their current family home and without needing a mortgage (they have also paid off the mortgage on their house). My husband and I would like to buy their house and they are happy to sell it to us […]

By way of a Court judgement for possession only I am informed by my letting agent that the tenant’s deposit cannot be used against the £4,000 rent arrears plus Court fees, solicitor’s and bailiff’s costs. Is this right ? The tenant willfully stayed on after legal notices were served in order to cause me financial […]

UKAR has now completed a sale of mortgages originated by Northern Rock to US private equity giant Cerebus. This reflects a ground breaking deal for UKAR and provides clear evidence that they do not intend to be medium or long term holders of the lending institutions they are now responsible for (e.g. Northern Rock, Bradford […]

Paul Shamplina, Founder of Landlord Action, is due to appear in three separate stories in this week’s episode (Wednesday 11th May, Ep10) of ‘Nightmare Tenants Slum Landlord’ on Channel Five. The landlords in all three cases have little or no experience of the buy-to-let industry and this week the show shines the spotlight on just […]