Page 745 – Property118

Is London really just a buy to invest hot spot rather than let?

9th June 2015

With the London property boom still going through the roof, will rental yields ever make it a good return to tie up your capital in a buy to let – or simply a buy to invest and sell with the capital gain?  Is this why so many London properties are simply left empty as they […]

Is it possible to avoid the 40% tax on rental profits?

9th June 2015

I am nearing completion on my first BTL. I am in the 40% tax band and therefore I will have to pay 40% tax on my rental income. The property is solely in my name but is it possible for the rent to be paid to my wife as she gets taxed at 20%. I’m […]

Landlord & tenant dispute

9th June 2015

Some tenants I know have recently moved out of a rented property and are having some issues with their landlord/owner and the agents who are trying to take the entire deposit and ask for additional costs to be covered. I was under the impression a deposit is all that a landlord can keep, rather than […]

End of Landlord Tax Perk?

9th June 2015

Over the last few months I have seen a lot of ‘noise’ about Landlords receiving an unfair tax break. That being the ability to offset mortgage interest payments against profit, whereas mortgage interest relief for homebuyers was scrapped years ago. Indeed a call to abolish this tax break was made by a columnist in this […]

Conned by tenant but thankfully I had legal and rent insurance

9th June 2015

I rented my 6 bedroom house to a company I knew nothing about. The estate agent had them checked, they were OK. I wanted to meet them so a man (Derrick) came. I asked him what he did for the company he said he was hired to meet tenants. This sounded odd.  I also did […]

Mark Alexander

Property118 Webinar – You are invited

8th June 2015

I’ve never done a webinar before so when I was invited to co-host one with The Sheriffs Office I jumped at the chance. They’ve set it all up so all I have to do is talk without making a fool of myself. Is that possible? Why not find out for yourself at 12:30pm on Wednesday […]

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 […]