Page 731 – Property118

Charges from freeholder for sub-letting

17th August 2015

I rent a flat out through a company called Northwood who give me guaranteed rent. The company that own the freehold charged me for breach of the lease by not telling them I was renting the property out despite the fact that e management company knew. I thought that was the end of it but […]

Further Advance Hell or is it just me?

17th August 2015

I’m in the midst of an application (on my own – am not using a Broker) for a further advance and am reaching out to other Property118 forum members to learn more about their experiences. Having read through several related topics on Property118 I had a vision that this would be a simple (ish) process […]

Back dating Ground rent increase from 9 years ago!

17th August 2015

I own a flat that I rent out. Estates & Management  have just written to me and I just wanted your thoughts as to whether this is legal as I am fuming… “Following a review of the lease for the property it has come to our attention that your ground rent was due a review […]

The challenges of recovering rent arrears from residential tenants

17th August 2015

High Court Enforcement Officers (HCEOs) can support residential landlords through the eviction of tenants and the recovery of rent arrears. Whilst our eviction services are a fast, effective and successful means of repossessing the property, so it can be re-let quickly, enforcement for rent arrears against former tenants can often be a difficult and challenging […]

Rogue landlords face up to five years in jail under new Immigration Bill

14th August 2015

The Government has announced its proposals for the new Immigration bill and there are significant ramifications for landlords letting to migrants. These follow on the pilot scheme run in the West Midlands as part of the 2014 Immigration Act where landlords had to carry out “right to rent” checks on migrant tenants to ensure they […]

Any real repercussions?

14th August 2015

After chatting with a BTL colleague, I’m fairly sure this is unethical and possibly illegal, but I doubt there will be any real repercussions. – My colleague became a first time BTL landlord earlier this year – Advertising and offering unfurnished property – Self Assessment tax return will include personal residence receipts for furnishings to […]

Is it legal to send a ground rent demand by email only?

14th August 2015

I have just incurred admin costs for late payment for ground rent as I deleted the email from the managing agents demanding ground rent by mistake and have forgotten to pay. I would like to know is it legal for ground rent demands to be sent by email only? What happens if people do not […]

The Property118 countdown clock is ticking

13th August 2015

By the time the countdown clock in this article strikes zero I need to have raised exactly £150,000 of investment into Property118. The deadline is critical to secure tax breaks and to raise the investment within a fully compliant structure, which has already been given HMRC advance approval.  Whilst shares remain available to purchase you can keep […]

Croydon Landlords and Letting Agents – Are you ready to pay £750?

12th August 2015

Do you feel the £750 that you will have to pay Croydon Council by 1st October represents good value for money, or even the £350 “early bird” fee? Do you think it will be good for the local economy and do anything for the borough’s housing situation? Even if you think the fee is just […]

Would like to sell but problems with neighbours could prevent this.

12th August 2015

I have had this flat for about 20 years and for a variety of reasons decided I need to sell it. My estate agent found a purchaser who withdrew citing damp patches in the lounge. At present I am liaising with the managing agents (a social housing organization) to put this to rights – suspected […]

Recovering outstanding rent and repair costs?

12th August 2015

We have tenants who vacated a property prior to the end of agreement, without permission, owing rent. The deposit does not cover all overdue rent, repair costs for damage, cleaning, costs of new locks (not all keys returned) and cost of resetting. Does anyone have any successful experience of recouping out of pocket costs such […]

Refusal for professional end of tenancy clean by tenant

12th August 2015

Our standard terms state at the end of the Tenancy, (or on renewal should this be agreed) to pay a professional cleaning company for the professional ‘End of Tenancy’ cleaning of the Property, the washing, ironing or pressing of all linen and for the washing and cleaning, ironing or pressing of all blankets, carpets, soft […]

Bankrupt Freeholder Nightmare – Now they say we owe them money?

12th August 2015

I will try and explain this the best I can but it confuses the hell out of me so here goes. In 2009 I bought 2 leasehold flats, shortly after the builder/freeholder who is registered in Guernsey went bust owing money to the bank, the council and a solicitor who also ended up bust. However […]

Immigrant Checks – Outsourcing Responsibilities

11th August 2015

I used to own a group of Care Homes and this issue has lived with us for years. The real responsibility comes when you accept a tenant and they move into the property. At Lettingsupermarket.com, we outsource all of our references through an ultimate nationwide scheme which ensures that measures are undertaken to stop a […]

Should I manage the block of flats myself?

11th August 2015

I am a freeholder of 5 flats in a building and would like to manage the block of flats by myself, but this is my first experience in this area of work. Is anybody able to help point me in the right direction of how to set it up, how I decide what to charge […]

Landlords Buying Group

Does your Landlords Insurance renew in September? Please tell us now and save money!

11th August 2015

For seasonal reasons September is the biggest month for Landlords Insurance renewals. Please make sure you let us know your insurance renewal date and using the power of our Landlords Buying Group we will Guarantee to save you money on any like for like quote. What’s more, by using our recommended Landlords Insurance providers you […]

SEIS Approval Granted

11th August 2015

Property118 Portal Ltd has been granted advanced approval by HMRC for Seed Enterprise Initiative Scheme. This means that every £1 invested into the company produces a tax reduction of 50 pence to the investor. This tax relief can also be carried back a year, resulting in investors being in a position to apply for an […]

Will HMRC tell the lender my husband is living in the Buy to Let?

11th August 2015

Both my husband and I have a residential mortgage and two buy to lets. The sale on the second buy to let went through only two months ago and in the lead up to this time it was clear to my husband and I that our marriage was not working. He has moved temporarily into […]

Help to Buy ISAs, is that where our new taxes are going?

10th August 2015

I was wondering what the government might do with all of the extra tax revenue squeezed out of us landlords. There will be a fair amount of money so maybe new hospitals or schools will be built?  NOPE! Here is the plan…. The new help-to-buy ISA! It’s expected to be available from Autumn 2015, will […]