Page 743 – Property118

How easily could I add my name to my Mums Mortgage

1st June 2015

My Mum is 60 and has a small mortgage of around £57K on an £800K property.  She has retired with only a small income, and has said that she would find it comforting if I could add my name onto the mortgage. How easily and what steps would be involved in doing so and can […]

LHA dilemma – stick or twist?

29th May 2015

I have a tenant that has been living in one of my properties since 2009. She’s an LHA tenant and has never actually missed a payment in that time, but in the last year or so she has been constantly late with the rent which has caused me a fair bit of stress and wasted […]

Landlord Indemnity Insurance

29th May 2015

I just recently read an article which stated that landlords could be sued by tenants for failing to repair surrounding areas of a property (access to the property, i.e. broken footpath etc.) before it had been reported as an issue by the tenant. This got me thinking as it also stated that common areas in […]

Trying to claim money from guarantor but legal fees outweighing the debt?

28th May 2015

We have an issue where a tenant has been evicted from a property we are now owed back rent of £2900 and damage caused by the tenant another couple of thousand then there’s legal costs getting the eviction etc etc. So for arguments sake lets say £5000. We have now re let the property. There […]

Non-Dom JV Partner

28th May 2015

Can anyone offer advice on the tax implications for a Joint Venture funding partner who is a UK non-dom? The proposed arrangement would be where the non-dom JV funder would either be paid a straight interest, or share in the profit of property development flip projects. Many thanks. David

Prospective tenant has CCJ – should I take them?

28th May 2015

I have just evicted one tenant so need to ensure I find the right tenant next. I’ve just referenced a new family and the tenant has a CCJ for car hire £1300. However I have spoken with previous 2 landlords (one housing association the other a letting agent) . The rent was up to date […]

Sheltered housing (independent living) and subletting.

28th May 2015

My elderly mother bought a leasehold flat in a retirement housing building a few years ago. Her circumstances have changed and she has now moved from the sheltered residential accommodation into a care home, leaving a vacant, empty flat. As I see it, I have three choices: (1) retain the flat for my future use […]

Noisy Neighbour with medical condition

28th May 2015

We are relatively new to Buy to Let (15months ) and to date all has gone well. However, a recent visit to our tenant has revealed that the neighbour below has a son who makes a lot of noise and sometimes late at night. He has a medical condition so it not a malicious situation, […]

Universal Credit is here !

28th May 2015

I went to a Landlords Forum in Bridgend, Wales last week, what a nightmare! It is finally arriving, the dreaded Universal Credit! This is where our tenants will receive the housing element of around £500 plus every month. Will they pay us? Here is my idea to canvass. If you have Housing Benefit tenants they […]

Deregulation Bill and Section 21 notices

27th May 2015

I’m looking for a bit of advice regarding Section 21 notices and the Deregulation Bill. As I understand it the timing of issuing Section 21 notices has changed. My question is: I correctly served a Section 21 notice in February to end a tenancy the day after it’s six month anniversary on June 21st. Is […]

Is it a lodger or a tenant for annex?

27th May 2015

I am a Landlord with several properties but I must confess, the question below has me a little confused as it is an area that I have no experience with, so hopefully P118 members can provide some useful feedback. I am thinking of buying a large Victorian house that has two front doors. The property […]

Does buildings insurance cover damage that existed before I purchased?

27th May 2015

Hello all, I will explain in more detail, but first just wanted to say that this site has been a great source of learning for me as I have been planning to build my portfolio and I can’t thank the owners and contributors enough for the knowledge sharing. Now for my query – I hope […]

ARLA

ARLA report 32% of agents saw rent increases in April

26th May 2015

32% of ARLA letting agents reported that rents increased in April, according to the Association of Residential Letting Agents (ARLA) monthly Private Rental Sector (PRS) Report for April. The report found that tenants living in the North West were the most affected by monthly rent increases in April with 46% of landlords reporting an increase […]

Landlord Action logo

Landlord Action raises £18,000 for charity at “Rumble with the Agents” boxing event

25th May 2015

On Thursday 21st May 2015, Landlord Action hosted a first for the property industry – a white collar charity boxing event. It was a sell-out success with nearly 300 estate agents, landlords and developers attending to help beat the fundraising target and collect more than £18,000 for Rainbow Trust Children’s Charity. Whilst guests enjoyed a […]

Management repair charges could result in section 21 ?

25th May 2015

I have a leasehold flat in a house of total 5 flats which are managed by a small management company. Now I have a letter saying that the building needs to be redecorated and the roof needs to be changed as the freeholder requested resulting each flat to payuing £6200 . Which is fair enough […]

Building regs on fire doors passed but now need new ones!

25th May 2015

We have just had a 6 residential 1 bed apartments converted and it has passed building regs and we have the certificate. We had it assessed for leasing purposes with the council and they sent an Environment officer around to assess property under the Decent homes.  The fire doors are 30 min doors as put […]

No tenancy agreement since 2006!

25th May 2015

I’m looking at buying a tenanted house from a deceased persons estate. The trouble is there’s no tenancy agreement, or record of one, and the tenant hasn’t paid any rent since the owner died. The tenant has been there since 2006. Does anyone have experience of anything similar? I’m wondering whether it’s possible to ensure […]

Company or Private Let ?

25th May 2015

One of our prospective tenants wants to have a company tenancy, but he wants his name on the tenancy as well. He claims that this way he will benefit from the rent being deductible as cost and he needs his name on the tenancy agreement to enable him to apply for utilities. For example like […]

Prime Minister to introduce mandatory landlord licensing scheme

25th May 2015

In his speech on the changes the Government is proposing with regards to immigration (expected to be included in the Queen’s speech next week), David Cameron has announced plans that will have a significant impact on landlords. He has highlighted housing as one of the key ways in which illegal immigrants can be identified. The […]

Damage by another person’s pet

25th May 2015

My tenant had a new leather sofa (furnished flat) – a neighbour’s 2 cats (monsters) came in and damaged it – whose responsibility is the damage – neighbour doesn’t want to know, insurance doesn’t cover damage by animals/pests. Many thanks Elizabeth