Page 747 – Property118

CGT implications – Non UK resident

6th May 2015

I was searching for an answer to one of my queries and came across this website, found it very useful and helpful. I hope, I can be put in right direction. I bought a property back in 2009 for approx £100k and now its worth is around £220k. I am trying to work out the […]

Rental income and personal mortgage

6th May 2015

What affect does having a buy to let portfolio have when you apply for a personal mortgage?  I work full time and if I choose to move I could put down a 40% deposit on the sort of property I’m looking at. In addition rental income adds another 35% to my income. Is having so […]

How binding is the wording on a lease?

6th May 2015

We own a couple of flats in a large block of flats and we are charged service charges set by the size of the flats. However, the new management company has increased one of the flats service charges to much more than the size. They say the percentage charge is in the lease  and cannot be changed yet it […]

HMO in Birmingham

6th May 2015

I am currently researching HMO’s and was hoping somebody in the Birmingham area would show me around their HMO so I can physically see what this looks like in terms of rules and regulations.  This is something I would like to invest into and build a portfolio one day. Many thanks Anne-Marie  

Remove my wife’s name from the BTL mortgage

6th May 2015

I’m in a predicament where I’m separating / divorcing from my wife. We jointly own a BTL with a tenant in place. The property has been valued at £105,000 and our outstanding interest only mortgage is £101,500. The rent is £450 per month and the mortgage payment is £190 (we got an excellent base rate […]

Whose responsibility is it to pursue a guarantor?

6th May 2015

I have requested my Letting Agent to write to the Guarantor on a property where tenants are away behind on the rent.  My Letting Agent has come back and requested that I use my solicitor write to the Guarantor. In your opinion, should it be the Landlord’s responsibility or should it be the Letting Agents responsibility. […]

Change of Contract for a Protected Tenant

5th May 2015

I was recently advised by the local Private Sector Housing Enforcement Officer that, because of “The Housing Health and Safety Rating System (England) Regulations 2005”, I have to fit fixed heating to a flat that is under an old Protected Tenancy where I don’t get a fair and proper rent. The flat has open fires […]

Abatement Notice for household waste

5th May 2015

The owner of a property I manage has been issued an Abatement Notice (Environmental Protection Act 1990:S80) for a house where, according to the notice, the rear garden has an ‘accumulation of household waste’. I have no reason to doubt the presence of the waste as the property is in a very run-down poor area […]

Tenant very keen to buy but keep saying not just yet!

5th May 2015

We have been letting a 4 bedroom house to the same family for the past 4 years and they are good tenants. During the last 18 months they have stated on a number of occasions that they definitely want to buy the property as they cannot find anything more suitable. For our part we need […]

Environmental Health want to give me ASBO for my tenants dog poop

5th May 2015

I have a few houses in Nottingham HB tenants. I normally have good working relationship with Environmental Health, but recently, one of my tenants dogs been poo-ing on back garden which is not nice for neighbours I know. The neighbour knows Sherriff of Nottingham which is having influence of this. Please see below my letter […]

Tenants break up and lock change request

5th May 2015

My tenants split up last week telling me straight away and the guy is going to keep on the flat. The girl moved out and collected her stuff over the weekend, but since it was at the start of the month and short notice, she has paid me half of May’s rent and he has […]

Help bathroom refit – No bath?

5th May 2015

I am letting a small one bed house and the bathroom needs replacing. It is very small so I was thinking of replacing the bath with walk in shower cubicle and floor to ceiling tiling. Do you think a bathroom with no bath would put people off renting Thanks John

Joint ownership tenancy with son

5th May 2015

We have purchased a house, split roughly 75%/25%, with our son owning the 25%. We have a Declaration of Trust defining the percentages owned, which also sets out what each party is expected to pay for. We are charging him 75% market rent. I have a couple of questions, which I hope someone will either […]

Bailiffs coming – can I put tenant on a holiday let contract?

5th May 2015

I’ve been awarded possession of my house and the bailiffs are booked for Thursday 7th May at 12 noon. (I’m 9m pregnant and this is also my due date!!!) The tenant is single mum with 3 kids so I have been liasing with the council who have to re house into B&B at £500 pw […]

Guarantors – Unfair Terms in Consumer Contracts Regulations 1991

5th May 2015

I let out one of my properties and the estate agent that dealt with the letting obtained a guarantee. The guarantor is a 20 year old who was a friend of the tenant earning one quarter of the tenant’s salary. The guarantee was drafted by the letting agent so that it continued to apply to […]

heating complaints, property 118

Communal heating regulations

5th May 2015

Communal Heating Regulations just landed on my inbox and regulations keep on adding up. What are the communal heating regulations? .Gov site >> http://www.legislation.gov.uk/uksi/2014/3120/pdfs/uksi_20143120_en.pdf These new regulations have come out the Government’s desire to improve the energy efficiency of buildings. A laudable aim! But how will it affect private landlords? Well, for many of us […]

Buckingham Town Centre with Yields Up To 7.3% and 17.5% Discount

1st May 2015

After selling out of the first phase of apartments, we now have the final phase of this popular development, overlooking the River Great Ouse, available at exclusive prices. Located in the South East, Buckingham is within easy reach of cities such as Milton Keynes and Oxford; Milton Keynes being home to multi-national companies such as […]

Landlords have you registered all old deposits held?

30th April 2015

Landlords are being urged to register all deposits they have taken from tenants with an approved protection scheme before 23 June or face four-figure fines. Historical deposits, such as those taken before 6 April 2007, must also be protected following the recent Deregulation Act in which the Government attempted remove red-tape across the sector. Landlords […]

How much for ground rent? What about spare car park space?

30th April 2015

I am a freeholder of a block of 17 apartments and the lease is from 1/1/99 for 125 years. Ground rent for each flat is £200.00 per annum rising to £400 on 1/1 2024 then doubled on 2048 every 24 years thereafter. A. I would like to know what is a fair market value B. […]