Page 748 – Property118

Compensation for rooftop development

4th November 2015

I am the owner of a flat in a block of 10 flats each with a leasehold interest. The freeholder has obtained planning permission to construct a rooftop development of two penthouse apartments. The current tenants did object but without success. Are they entitled to some form of compensation for disruption, disturbance etc.? If so […]

Car Park Problems

3rd November 2015

I am having car park problems at a 6 flat property I own. Recently we have started having difficulties with non-residents parking in this car park as it does not have a gate or barrier. We have issued tenants with permits and displayed signs stating that only residents with written permission from the landlord may […]

Internal flat alterations and retrospective licence fee

3rd November 2015

I own a flat in a block of flat and recently I have received the following email from managing agents: “I understand you have carried out internal alterations to this flat without obtaining the Commissioners’ approval which included removing an internal partition and laying timber flooring. If this has happened, the works carried out will […]

Fire damage and re-housing tenants – Help!

3rd November 2015

One of my 3 bed houses that I lease out as an HMO (Scotland) to 3 student girls caught on fire on Friday past. The bathroom fan stopped working and overheated and burnt out. The girls had told me about it a couple of weeks previous and I had purchased a replacement to fit on […]

Insurance dispute from 2006 totaling £84,000!

3rd November 2015

I have a buy to let in London and the tenant had just left for about two weeks to go abroad to attend a bereavement in December 2006. During this period we experienced a terrible winter. The burst pipes in the house caused devastating and extensive damaged. The insurance kept delaying and delaying. I became […]

Seed capital for Ltd company format

3rd November 2015

I already run my own company and am looking to venture for the first time into BTLs. For a variety of reasons (including already being a higher rate taxpayer and the new Taxation circumstances) I am looking to start all of this up through a Ltd company. In order to do this I am planning […]

Terminating my useless letting agency contract?

3rd November 2015

I’ve been with my letting agent for just over 12 months and its time to terminate our contract, my 14 year old Daughter could do a better job, just one problem after another and I’ve had enough. After speaking to them they say I have to give them one months rent for end the contract, […]

Fridge Freezer required?

3rd November 2015

My letting agent is telling me that I need a fridge/freezer(small) in the property I have been a Housing Manager (social housing) and I have never heard of this. Many thanks Jane

Do I need fire doors?

3rd November 2015

If I am renting a 4 bedroom town house to students, do I need to fit fire doors ? Many thanks Ross

Appointing a factor in Scotland

2nd November 2015

I have a couple of BTL properties in Scotland with no factors in place and would like to appoint a factor to manage general upkeep and repairs. As part of the process I require the consent/agreement from the owners within the block as once a factor is appointed, the respective owners are liable for their […]

Will UKAR let me switch to BTL?

2nd November 2015

I have a 3-bed in central Birmingham that has a UKAR mortgage of around £250,000 set at 0.5% above the base rate apparently in perpetuity. I’ve weathered the storm for the last ten years and the value of the property has risen. This is the only mortgage and the only property I have. However, for […]

Buying studio flat but worried about future value

2nd November 2015

I am buying studio flat in Southampton for my son as he has just join the university over there. The location of the flat is amazing just cross the road from the campus. The flat is 28 square meters and has its own separate kitchen & bathroom. The Living/bed room is about 15 square meters […]

Collective enfranchisement from a freeholder point of view

2nd November 2015

Served with a Collective Enfranchisement Notice Under S.13 of the Leasehold Reform Housing & Urban Development Act 1993. I am freeholder of the property, and reside there. The notice states that the Leaseholders are claiming the flat I live in and the garden areas that have been my sole use since purchase. It appears there […]

Dwellinghouse versus Household – covenant issue

30th October 2015

I am looking to remortgage with an HMO lender with the view of renting to sharers on individual ASTs. My property title has a covenant restricting the use to ‘one single dwellinghouse’. I understand the lenders are very careful with breaches of covenants when it comes to lettings. As far as I understand, the HMO […]

Cash or Mortgage which is better?

30th October 2015

I rent out 7 properties in the UK and 6 have no mortgage. I am looking to increase my monthly income by buying a 2 bed cottage for 220,000 in cash to rent out for £850 to £1150 approx. My question is would it be the correct decision to use all that cash to buy […]

Remember remember 5th November 2015 – keep London properties secure!

29th October 2015

‘The Million Mask March’, the world’s largest protest by the most influential group in the world – apparently. That’s how “hacktivists” Anonymous have not-so-modestly positioned their campaign anyway! Anonymous Anonymous is a self-styled international network of “hacktivists” and anti-establishment protesters, who, according to the Telegraph, are linked to cyber-attacks against governments and corporations. They are […]

Problem Buy to Let – Perhaps Fleet can Help

29th October 2015

If you have a problem BTL and no one else can help maybe you should hire the A team – Sorry I meant try Fleet Mortgages. Fleet mortgages have a range of niche criteria that may assist when other lenders can not. These include: Properties next door or on the same road Freehold flats on […]

New Buy to Let mortgages from Santander starting from 2.29%

29th October 2015

A new range of Buy to Let mortgages have been launched by Santander with the headline rate starting at 2.29%. The products range around a core of 2 and 5 year Fixed rate mortgages and 2 year Trackers. 2 year Fixed rates: There are 8 products From 2.29% Max 60% LTV Booking fee £1,995 early […]

Breaking a Northwood 3 year contract?

29th October 2015

I am a landlord and have a 3 year Northwood Guaranteed Contract, I am not happy how the property has performed and am considering selling and buying something else. As there is still 1.5 years left on the contract, how can I end my contract early? Thanks New landlord