Page 730 – Property118

Mice problem in rural area

26th August 2015

I would like to ask if mice are a landlords responsibility to deal with or a tenants. I am a landlord who rents out a cottage in a rural area and the property regularly gets field mice. I have provided two humane traps for the tenant, Just wanted to know if I have any further […]

Pest Control for Silverfish?

25th August 2015

Can anyone advise on whether its the landlords responsibility to get rid of Silverfish? They are harmless and occasionally appear at night in dark/damp areas. Ive been quoted £195 plus vat to get rid of them! Many thanks Sam

Legionnaires Disease – Landlords responsibilities

25th August 2015

Some of these are set out in HSE publications but there is also a lot of other information that clouds the issues. Does a landlord have to carry out a Risk Assessment, does this have to be in writing – the HSE guidance is equivocal. There are legal duties placed on Landlords by the Health […]

Buying a buy to let through a limited company

24th August 2015

In the light of recent budget changes, until we see any response from government with respect to concessions they may make to individuals purchasing buy to let in their own names, buying through a limited company now seems to the sensible way to proceed with new investments. This thread is for tips and questions regarding […]

Property118 Portal Ltd Business Plan

24th August 2015

I am delighted to announce that all shares we sold by 11am on Monday 24th August 2015. The giant leap forward that seems to have inspired our investors has been the announcement of our intention to offer advertisers the ability to make their properties appealing to both landlords and owner-occupiers. You will recall from the business plan that […]

Remortgage from BTL to residential

24th August 2015

I’d be grateful for advice on what should a simple issue, but isn’t. I own two properties with similar value. I live in one of them with a residential mortgage of 50% LTV. I let the other one out with a BTL mortgage again at 50% LTV. I’d like to move into the BTL property […]

Subletting can lead to unlicensed HMO

24th August 2015

Imagine a 3 bedroom family house is let to a small family – a couple and a new born child for a very nominal rent of £900 per calendar month, excluding bills and CT. Later on they move downstairs into a large living room and make that as their bedroom, they then sub- let each […]

Should prospective tenant be avoided after offering 12 months rent upfront

24th August 2015

A prospective tenant whose bank account does not show proof of either regular or adequate income nor of rent payments (perhaps living with mum and dad, but I have not checked this out) and who says his call centre job often pays in cash has offered 12 months rent upfront. Would I be a fool […]

Budget changes to W and T allowance solution?

24th August 2015

Just has a thought about the removal of the 10% Wear & Tear allowance as of 2016. Up to now we have just got the best deal going, but I have come across a strategy that may well alleviate at least some of this. We did take the decision to only let unfurnished from then […]

Death of buy-to-let – Headlines In The Telegraph

22nd August 2015

Leading Money Journalist Richard Dyson from The Telegraph has published a full page on the Budget proposed restriction of finance cost relief for individual landlords.  It is vital reading! You can link to the articles via the Tweets below and if you are a Twitter user, please remember to re-tweet to spread the word. You […]

TMW reduce Buy to Let rates to the lender’s lowest point

21st August 2015

The Mortgage Works (TMW) have reduced their Buy to Let mortgage rates by up to 0.5% on some products leaving their product range with some of the lowest headline interest rates ever. Fixed rates are available starting at 2.19% Variable rates starting at 1.94% Fee free 65% LTV two-year fix at 2.99% 3 Year fixed […]

Off Plan new build concerns?

20th August 2015

I am considering buying an off plan first floor 2 bed apartment in Biggleswade. These are going to be part of a huge envelopment that has been going on over many years. The developer is asking for 10% deposit of the asking price after the exchange of contract (28 days) and pay the balance on […]

Lawns ruined and tenant is refusing to pay?

20th August 2015

My tenant has been in two years and in that time has totally neglected the two small lawns at the back of the house to the extent where they need completely re-turfing. One is literally all moss and the other just dandelions. They were always weed prone lawns and were not by any means weed […]

Regional cities experiencing private rental growth, reveals new analysis

20th August 2015

Regional cities experiencing private rental growth, reveals new analysis. The UK private rented sector is continuing to grow, with activity increasingly collecting in cities around the country, according to new data. The proportion of those in the private rented sector living in urban areas has risen to 86% over the last decade, from 80%, mostly […]

Evicting Parents in Law

20th August 2015

Over 5 years ago my parents in law moved in with us. We have a big house and they occupy another separate building on the plot. They lent us some money interest free (which is repayable) to buy the house and we have a written agreement about the loan and another about sharing costs etc, […]

Young investors looking to break in to the BTL market

18th August 2015

Almost half of young people believe that becoming a landlord is the best investment they could make, reveals new research. As many as four million 18-39 year olds are actively trying to purchase a buy-to-let property in an attempt to cash in on the boom, according to research by letting agent Rentify. The buy-to-let market […]

Tenant eviction webinar questions part 2

18th August 2015

Following on from our popular webinar on the eviction of tenants from residential property, which we ran in partnership with Property118, we are pleased to bring you the answers to the remaining questions. I would like to thank Tim Briggs, director of LegalMentor, for answering questions on the process prior to the transfer up of […]

Tenant signs lease then changes mind and situation turns ugly!

18th August 2015

I have an ugly situation on my hands here despite my many years experience in lettings. Our new tenants (& guarantor) signed an AST last month. After they signed and returned it, a full week later I was informed that they had changed their mind. They had made a partial payment (not even close to […]

Rent to Rent holiday let – advice please

18th August 2015

I own several properties, and I also lease several properties from other landlords to rent out (an agreed Rent to Rent scheme). I’ve been a landlord since 1997, and have been doing R2R schemes since 2005. These have always been as self-contained properties let on standard ASTs, or as properties converted into and let as […]

Newbie – needs a bit of advice buying flat and Freehold

18th August 2015

I am buying my first BTL in an area away from me (my family live there and its much cheaper). I am buying a ground floor 2 bed flat with yard for £69k. should yield £400 month. However, its a freehold flat and I would own the lease above. No real problem with that as […]