Page 719 – Property118

Landlords – what do you need to know about changes to electrical safety laws?

11th November 2015

Landlords have the responsibility of keeping their tenants safe and electrical safety is a big part of this. In order to avoid fines and protect your tenants, be aware of changes to the latest legislation. Failure to keep electrical equipment such as light switches, microwaves and fuse boxes safe and in good condition can lead […]

What steps to follow for a new Housing Benefit tenant?

11th November 2015

I have now found a Housing Benefit tenant and done all the credit checks/ references etc and all is good. They are currently receiving HB in another London borough, but will be moving to my properties London borough so wanted I wanted to know if anyone could briefly outline the procedure I would need to […]

Avoiding Restrictions on Finance Cost Relief for Landlords

11th November 2015

  GENERAL GUIDANCE  If you have been retaining profits after paying the higher rates of income tax then you have probably been paying more tax than necessary. IS TAX AVOIDANCE LEGAL? The law regarding tax avoidance was clarified nearly 80 years ago. In 1936 a landmark legal case was heard in the House of Lords […]

Mydeposits to operate a custodial scheme

11th November 2015

Mydeposits has been given government approval to operate a custodial based tenancy deposit protection scheme in England and Wales from April 2016. Protecting tenants’ deposits has been a legal requirement in England and Wales since 2007, with landlords and letting agents having the choice of an insurance based scheme that involves a fee, or a […]

Council tax demand and told every tenant should be on a fixed term AST!

11th November 2015

I have received a demand from Bedford Borough Council for back dated council tax for 2013. The tenant said he moved out 6 months earlier  and could I actually prove when he vacated. The Council say that due to a recent case, if the tenant’s tenancy has gone periodic and moves out without informing council, […]

Fire risk assessment templates – what do you use?

11th November 2015

Does anyone know, or have, a good template for Fire Risk Assessments please, as most I look at seem a lot more geared to larger business properties rather than 5-8 bed student HMOs? Do you carry them out yourselves, or get them done professionally? Thanks Midsicl

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Sub-letting abuse will not be stopped by Government’s new over-crowding measures

11th November 2015

Landlord Action is in full support of the Government’s latest proposal to crack down on rogue landlords. In particular, those who carve up properties to creative multiple sub-standard sized rooms in a bid to maximise their rental income. Imposing a minimum square footage per room, as a legal requirement, will help reduce the number of […]

LANDLORDS – hold onto your money

10th November 2015

Don’t allow the restrictions on finance cost relief to ruin the viability of your property investments. Complete the short fact find linked below and we will show you the way.

Tenant has had to move out 4 times due to lack of roof maintenance!

10th November 2015

I have an apartment, but the Right to Manage (RTM) company with their managing agent have failed to repair the roof and I have lost 6 months rent due to them not repairing it. The  Buildings Insurance company will not pay as they are saying it was not maintained! Can I hold the RTM company […]

How do I apply to enforce a Section 21 in a court application

10th November 2015

I have an aggressive tenant who always pays late and who I would like gone. I recently tried to increase the rent after 3.5 years, but he refused to pay it or sign a new contract. I issued him a Section 21 notice requiring possession, but he is refusing to leave under instructions from the […]

Eight out of ten renters want tenancies of a year or less

9th November 2015

Eight out of ten of those renting accommodation want tenancy agreements of one year or less, a large survey by The Deposit Protection Service (The DPS) has suggested. 39,855 tenants whose deposits are protected by The DPS’ responded to the survey, with 80.1% saying that they preferred agreements that lasted no longer than 12 months.  […]

Multi-decade rental lease required?

9th November 2015

We are a family with good income, who just moved to UK and we see ourselves living here for another 10 or 20 years, but unlikely forever. I do not have the patience to deal with whimsical landlords, but I neither have interest in buying a property in UK. I’m therefore looking for a contract, […]

Tenants have created HMO and now council insist on licence?

9th November 2015

My property is in an area of additional HMO licencing therefore requires a licence for 3 sharers or more. I let my house to two people on a 12 month AST. They have moved in two more, the council know this now and say they require a licence. The tenants are in breach of their […]

How to add spouse to deeds and save on CGT

9th November 2015

I have been married to my husband for 25 years but we still have one flat that is only in his name. We now want to sell this flat and take advantage of 2 lots of CGT relief. Can I be added to the deeds easily so as to avoid him paying a huge CGT […]

Can I create an AST with lodgers before I sell the property?

9th November 2015

Is it legal to create AST contracts whilst the landlord lives in the same property using the same kitchen etc, reason being I have lodgers at present but am selling the house with lodgers in situ , I would like to change the contracts over to AST before I sell the business? Regards Alison

How do the new Sec21 rules apply?

6th November 2015

I am considering evicting a tenant of 2.5 years as they are really hard work, and not looking after my property as it should be. My last inspection was 2 weeks ago an I found the place is becoming a tip and there is damp and mould starting in some rooms due to lack of […]

Are most landlords under charging?

6th November 2015

There is significant anecdotal evidence that most landlords outside London do not increase rents until there is a change of tenancy. Property118 would like to investigate this. With upward pressure on costs of compliance as well as the new tax changes it is likely that landlords will abandon this practice , but we would like to hear from landlords […]

Am I getting the most rent out of Housing Benefit?

6th November 2015

I have several families who are potential tenants for me on housing benefit and was wondering if anyone knows about freelance housing benefit consultants. Would it be best for me to use one to help me do a pre-assesment of the maximum benefit they would be entitled to? My house is a 3 bed EX […]

Big opportunity for young a investor?

6th November 2015

I am 20 year old student with no prior experience in property. I know the very basics through reading some books. I am very keen to get into the buy to let business and my goal is to become a full time landlord when I am older. My granddad owns several houses and has offered […]

Landlords make sure you prepare your property for the winter!

6th November 2015

The winter is fast approaching and the cold weather could have an adverse effect on your buy to let property. To avoid expensive repair bills, it is important to take preventative action. A few simple checks on your property prior to the cold really settling in will help you stay stress free and keep your […]

Rob Marris MP and Sir Roger Gale – same Party?

6th November 2015

Here is my exchange of emails to date with Rob Marris, Labour MP and Shadow Financial Secretary to the Treasury and also Sir Roger Gale, Conservative Chair of the Finance Committee. See if you can spot any ways in which Rob Marris’ approach differs from that of David Gauke, actual Financial Secretary to the Treasury. […]