Page 746 – Property118

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 […]

City of Culture vs local investment

1st June 2015

I have had my offer on a flat near to my home ( Watford) accepted with an anticipated rental of £1,000 per month at a purchase price of £285,000 which comes out at around 4%. My research, which has been tentative at the moment, and a recent article I read on properties in Hull suggests […]

How do I register a charge against a property?

1st June 2015

I have just been granted my first charging order against the property of a tenancy guarantor. I got through to this stage ( including the court hearing yesterday – all of 3 minutes ) myself using good old Money Claim Online – a process I have used successfully on a number of occasions over the past […]

Confused man surrounded by scattered papers, symbolizing misunderstanding of the letting industry

Missing lease document

1st June 2015

I have been in a process of buying my first BTL.  All was going well up until this last week of exchange of contracts but the seller solicitors have informed that there are no lease documents governing the property. My solicitor is now in negotiation with the seller to pay for indemnity insurance and also […]

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, […]