Page 720 – Property118

When will the Summer 2015 Finance Bill get passed?

5th November 2015

Experts were anticipating Royal Assent for the Summer Finance Bill 2015 in the week commencing 19th October but this is now more likely to occur towards the end of November.. Here’s a link showing the current position >>> click here. It now seems highly unlikely that landlords will see any amendments to the Bill’s proposals to restrict […]

Friend moved in and deposit taken by tenant without my knowledge?

5th November 2015

One of our flats was let via an agent on AST to 2 singles. One left and a new sharer was found referenced etc and added. They too subsequently left and tenant decided to allow a friend of a friend to move in without advising us or the agency. A deposit was taken and a […]

How do I get my property back from agent?

5th November 2015

My two properties are on rent guarantee and have been for the last few years. The contract has run out and I gave them notice. I’ve asked them to give my property back and evict the tenants, but the agent is not cooperating at all. In contract it states that when the contract is ended […]

Private Housing (Tenancies) (Scotland) Bill

5th November 2015

This IMPORTANT article is not only applicable to landlords in Scotland, it could also be a glimpse into future regulation to follow in England and Wales.  The Bill was released around three weeks ago and is still being poured over by lawyers and advisers. Before it becomes an Act in Scotland there will be some […]

Problems selling a Freehold flat with own management company

5th November 2015

We are in the process of selling our flat which is in a block of 4 purpose built. We bought the land and created a managing company registered on companies house to run it ourselves, but pay an accountant to oversee the books and forward them to companies house. The problem is the purchaser’s solicitor […]

Rob Marris Labour MP

Clause 24 and Housing Choice – An Open Letter to Labour MP Rob Marris

5th November 2015

Dear Mr Marris, I am writing to you in connection with Clause 24 of the Finance Bill which will restrict finance cost relief for individual landlords. I am aware that you will have received a number of representations from landlords like me expressing their concerns about the Clause, a Clause which I know Labour is […]

Council Tax Liability

4th November 2015

I am having a little dispute with my local council where my properties are rented out. For many years I have dealt predominantly with the lower end of the market. Due to a recent clerical error I forgot to notify the council when a tenant moved from one of my properties to another. For reasons […]

House of Lords committee to examine UK Housing Market

4th November 2015

Written submissions are invited by the House of Lords Economic Affairs Committee for its ‘Economics of the United Kingdom housing market inquiry’ Scope of the inquiry The Committee is to investigate the economics of the UK housing market. Buying a house is becoming increasingly unaffordable for first time buyers. The cost of private rented accommodation […]

Entry level Buy to Let in Leeds

4th November 2015

Victoria House is a new low entry level residential investment opportunity in Leeds. It provides investors with an excellent opportunity to own a contemporary apartment within the city centre. With over 124,000 people working in the financial and business services in Leeds, it makes it the largest of any UK city outside London. Offered at […]

Compensation for rooftop development

4th November 2015

I am the owner of a flat in a block of 10 flats each with a leasehold interest. The freeholder has obtained planning permission to construct a rooftop development of two penthouse apartments. The current tenants did object but without success. Are they entitled to some form of compensation for disruption, disturbance etc.? If so […]

Car Park Problems

3rd November 2015

I am having car park problems at a 6 flat property I own. Recently we have started having difficulties with non-residents parking in this car park as it does not have a gate or barrier. We have issued tenants with permits and displayed signs stating that only residents with written permission from the landlord may […]

Internal flat alterations and retrospective licence fee

3rd November 2015

I own a flat in a block of flat and recently I have received the following email from managing agents: “I understand you have carried out internal alterations to this flat without obtaining the Commissioners’ approval which included removing an internal partition and laying timber flooring. If this has happened, the works carried out will […]

Fire damage and re-housing tenants – Help!

3rd November 2015

One of my 3 bed houses that I lease out as an HMO (Scotland) to 3 student girls caught on fire on Friday past. The bathroom fan stopped working and overheated and burnt out. The girls had told me about it a couple of weeks previous and I had purchased a replacement to fit on […]

Insurance dispute from 2006 totaling £84,000!

3rd November 2015

I have a buy to let in London and the tenant had just left for about two weeks to go abroad to attend a bereavement in December 2006. During this period we experienced a terrible winter. The burst pipes in the house caused devastating and extensive damaged. The insurance kept delaying and delaying. I became […]

Seed capital for Ltd company format

3rd November 2015

I already run my own company and am looking to venture for the first time into BTLs. For a variety of reasons (including already being a higher rate taxpayer and the new Taxation circumstances) I am looking to start all of this up through a Ltd company. In order to do this I am planning […]

Terminating my useless letting agency contract?

3rd November 2015

I’ve been with my letting agent for just over 12 months and its time to terminate our contract, my 14 year old Daughter could do a better job, just one problem after another and I’ve had enough. After speaking to them they say I have to give them one months rent for end the contract, […]

Fridge Freezer required?

3rd November 2015

My letting agent is telling me that I need a fridge/freezer(small) in the property I have been a Housing Manager (social housing) and I have never heard of this. Many thanks Jane

Do I need fire doors?

3rd November 2015

If I am renting a 4 bedroom town house to students, do I need to fit fire doors ? Many thanks Ross

Appointing a factor in Scotland

2nd November 2015

I have a couple of BTL properties in Scotland with no factors in place and would like to appoint a factor to manage general upkeep and repairs. As part of the process I require the consent/agreement from the owners within the block as once a factor is appointed, the respective owners are liable for their […]

Will UKAR let me switch to BTL?

2nd November 2015

I have a 3-bed in central Birmingham that has a UKAR mortgage of around £250,000 set at 0.5% above the base rate apparently in perpetuity. I’ve weathered the storm for the last ten years and the value of the property has risen. This is the only mortgage and the only property I have. However, for […]