Page 745 – Property118

Questions from a buy to let newbie

8th June 2015

I’m new here, and new to the letting industry, so first of all hello!  I’m 26 and have a good income from another business that I started a few years ago, but rather than carrying on spending it on expensive cars and other toys I figured it was time to start trying to invest it. […]

BTL in the North

8th June 2015

My wife and I are just about to start our BTL adventure and we have been looking at properties in Hull, Blackpool and Coventry.  We find that 97% of Hull is on a flood plain but the property prices are affordable to raise the 25% deposit. Should we avoid Hull and look elsewhere? Where would […]

Boyfriend moved in

8th June 2015

I have a long term tenant, on housing benefit, who tells me she has moved her boyfriend into the property.  They have a child together. It says in the tenancy agreement she needs my written permission, which I haven’t given and don’t really want him there. I am worried about the implications of letting him […]

Mortgage company will not allow completion

8th June 2015

I am in the process of buying a HMO. It’s been in the same layout for well in excess of 10 years and is fully up to regs.  I am an experienced landlord and the valuation etc. is all fine. On the day of completion my mortgage lenders stated they wanted a confirmation email or […]

Are consent to let licence fees unreasonable?

8th June 2015

Hi fellow Leaseholders  I have tried negotiating the cost down for consent to let my property requested by Freehold Managers PLC without success. They are demanding £210 for a one off licence, however if there is a change of tenant a further £120 is payable each time, alternatively they are demanding £400 for a five […]

Mortgage Express – Should I redeem?

8th June 2015

With all the issues with Mortgage Express I have taken the decision to lie low and avoid meetings with them. I have 3 properties which are in mine and my ex business partner’s name and one in my own name.  Problem: The one in my own name has equity and I’d like to sell. The […]

PropertyPropertyProperty

8th June 2015

Hi All, I would appreciate some advice on how to tackle a payment refund issue with a property portal. At this stage, I will refrain from identifying them. Last November, the portal rang us and offered a Trial period. They took our bank details, with a promise that our account would not be charged at […]

4 Tenants on the same AST but one wants to leave

4th June 2015

I have a house rented to 5 students, they all are on the same AST starting on 20th October for 12 month with no break clause.  All the rent has been paid upfront but one of them wants to leave earlier. The best cycle to let such a property is end of August so I’m […]

Deposit was paid to agent who seems to be no longer trading

4th June 2015

A tenant has recently left a property that I own and we have agreed that they should receive the full return of their £1,000 deposit.  They paid the deposit to the agent who I used to find my tenant and they used to find their property. It seems that the agent has stopped trading although […]

Can’t find lender to remortgage property with secured loan

4th June 2015

I have agreed to purchase a property on a BTL mortgage but need to raise the deposit and pay off a secured loan on another property.  There is enough equity to do this, but my independent mortgage broker can not currently find a lender who will agree to the second BTL mortgage as they say […]

Regulated activity or not?

4th June 2015

Hi everyone, I’m new on here so please be gentle with me. I am a private landlord, letting 5 small residential units at present in the Bristol area.  My Great Aunt has been asked to buy her old friends cottage in Oxfordshire. As I understand things, the idea is my Aunt buys the cottage and […]

36% Gross Rental Yield – Is that even possible?

4th June 2015

When I saw a property listed in Liverpool today showing a 36% gross yield I thought it must be a mistake, so I called the agent.  It’s not a mistake! I was told the property is let to a blue chip company on a rolling 12 month company let agreement with a verbal commitment to […]

Rapid eviction of residential tenants webinar – 17th June at 12.30pm

4th June 2015

Rapid eviction of residential tenants webinar – 17th June at 12.30pm  I would like to invite you to join us for this complimentary webinar on how you can use High Court enforcement to rapidly evict tenants from residential property, without waiting weeks, sometimes months, for County Court Bailiffs. For the webinar, The Sheriffs Office has […]

Buying Attic space

3rd June 2015

I would like to buy the attic space above my flat . There are 16 flats in our block and 12 of us own the freehold.   Eight of us have been using the attack as storage but it does not belong to us, it belongs to the freehold company. I need to know how […]

Tenant Introduction through two agencies – which is valid?

3rd June 2015

I could do with some advice regarding the below please.  First time landlord, and I’m advertising our BTL through an online agent and a High Street estate agent. The online agents have been paid up front and the agent is on 8% commission. I arranged a viewing through the online agent with an applicant a […]

BTL Mortgage Fees

3rd June 2015

We seem to pay a large amount of fees on our buy to let mortgages.  I note from yahoo the US Government has done away with mortgage fees and 18 years fixed rates at 3%. Some BTL lenders will not add the fees to the remortgage and demand fee payments up front. I made an […]

Property TV launches on Sky

3rd June 2015

Property TV officially launches on Sky Channel 238 on Monday 15th June 2015, however, programmes have been showing since 1st June so why not give them a look this evening. Between 6pm and 8pm you will see 10 second advertisements sponsored by LettingSupermarket.com. This is their initial pilot into TV advertising since the successful completion […]

HB Tenant Lies to Benefits Office

2nd June 2015

On 14/2/2015 I received a text from tenant advising me they would be leaving. I immediately called the tenant to clarify the situation and to also confirm they were giving me four weeks notice, to which she agreed. The following day my husband and I visited the tenant to discuss the things that the tenant […]

Two Residences and lodgers

2nd June 2015

Currently I have a residential mortgage and have permission for two lodgers; I now have two lodgers residing with me.  I wish to purchase a property in Swindon which is where I work with my Girlfriend but don’t wish to prevent myself or her from staying in my current home, it’s convenient for seeing friends […]

Inventory Invalid?

2nd June 2015

My tenants are claiming that their inventory isn’t invalid. They have been in the property 2 years.  When they moved in a detailed inventory was done with pictures. As I did the inventory myself I also said they could go through the inventory and any thing they wanted to add I would be happy to […]