Page 759 – Property118

Lenders hidden trick of capitalised arrears

15th March 2015

Chelsea Building Society repossessed 4 of my properties in 2009 illegally (*allegedly*), they capitalised/consolidated an amount of my arrears by 50% a few months later they took the properties on the basis that they could for the purpose of repossession still use the extinguished portion of the arrears to send me over two months. The […]

Insurance on leasehold flat when owning the freehold

14th March 2015

I’m a fairly new landlord with four flats and am trying to streamline the admin side of it all (which is more than I imagined!). I sought advise from a local insurance broker about my insurances and was advised as follows:  Flat 1 and 2 are purpose build flats in a detached block comprising just […]

Unreasonable request from a Tenant?

14th March 2015

Hi, this is my first post so a big thanks in advance for any advice. We have a tenant that is currently 3 months into her contract, all was well when she moved in and the property has been kept in a fantastic condition so no real cause for concern. However she had budgeted for […]

Letting agents termination fees

14th March 2015

If a landlord terminates a contract with a letting agent at the end of a fixed term, can the agent still charge the landlord because the tenant remains?  Thanks Fred Jones

New regulations re Smoke and CO alarms

14th March 2015

What are peoples thoughts on the new legal requirements to install new smoke and CO alarms?  Smoke and CO alarms new requirement The Housing Minister, Brandon Lewis announced yesterday that landlords will be required to have both smoke alarms and carbon monoxide alarms installed in all rental properties. The changes are scheduled to come into effect […]

I have a hole in my ceiling and management agents won’t help

13th March 2015

I have only been landlord for a year but have had none stop issues. Currently the managing agents have put a big hole in the ceiling of my flat. They never asked for permission, their contractor just advised tenant he had permission.  Some flats are having issues with water leaking into the flats, it wasn’t […]

New launch offers investors 8% rental guarantee for a fixed 5 years

13th March 2015

New Launch! A brand-new and exclusive investment opportunity in the under supplied postgraduate student property market. Primus Edge offers investors a competitive 8% rental guarantee for a fixed 5 years. The development, ideally located close to the universities and the student village of the city of Leicester, is the perfect solution for postgraduate students looking for independent […]

How long can DPS keep a deposit for during a stalemate?

12th March 2015

I had a dispute last year with my two tenants over the return of their deposit where they wanted a higher rent abatement than I offered them for some major bathroom works that was done while they were there. They therefore failed to pay some rent in their last month.  When they moved out, I […]

Licked by a lollipop stick

12th March 2015

My tenants of six months made an emergency call out for a plumber to unblock the kitchen sink. Plumber found a lollipop stick in th U bend which in turn had caused food waste to accumulate.  I am inclined to bill the tenants, but the argue they definitely did not drop a lollipop stick down […]

Lending and Licensing

12th March 2015

Can anyone provide any evidence that lenders have refused a mortgage application in an area where the property is licenseable and the reason for the refusal is the licensing scheme please?  EDITORS NOTE – please note that John Daley (author of this post) is responsible for the landlord licensing consultation in Southwark, hence his avatar. […]

EPC Question – Validity Mid Tenancy?

12th March 2015

I am wondering if a tenanted property with an EPC, that runs out next year, needs to be renewed whilst the tenant is in residence in the property or if it needs to be renewed before marketing the property again at the end of the current tenants tenancy?  I am struggling to find a clear […]

Landlord Emergency cover

The boiler is the culprit – Property118 Landlord Emergency Cover

12th March 2015

The boiler is one of the key culprits that costs landlords small fortunes in repairs, creates unhappy tenants and drains profit out of an otherwise good let property. Landlord Emergency Cover can solve these problems. With landlord emergency cover, if the boiler in the let property fails, then the tenant can call the 24 x […]

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Housing Minister has reduced powers of Councils to licence landlords

12th March 2015

Local councils will no longer have the clout to licence landlords across a whole borough or city after Brandon Lewis, the Minister of State for Housing and Planning announced reforms of Selective Licensing, restricting local decision-making powers. The changes are to come into force on 1 April 2015. Since 2010, local councils have had the […]

Tenant causing a fire risk?

12th March 2015

I have a postgraduate student tenant in an HMO with a total currently of four tenants (separate contracts, not a group) who repeatedly (and after specific e-mail requests not to do so) causes fire risks e.g. blocking escape routes with his belongings, leaving aerosols and gas canisters on south facing window sills, where they get […]

Discover Manchester Buy to Let

12th March 2015

Manchester is one of the UK’s Buy to Let property hotspots with its population growing by 7% between 2001 and 2011. Our sponsors have launched 10 new development projects recently and sold over 800 apartments with rental assurances on all new properties and prices currently from £94,950. X1 Media City is set to be the […]

Looking for premises near Covent Garden for a dance school with accommodation

12th March 2015

I’m helping out a friend who is new to the property world and wants at the moment to stay anonymous. She’s looking for a leasehold of an entire building as a long term investment. The purpose is to run dance teaching classes with social dancing events and dinner shows also.  Location: Ideally Covent Garden/Holborn/West End […]

Rent-by-the-room Agents – do any exist in NW1?

12th March 2015

I am trying to find an agent who deals with renting by the room in NW1.  I have a 4 bed flat and one of the rooms is let, I want to let the other three. Nobody seems to mention it on their website, and all the agents I have phoned will only rent the […]

Advice on selling a tenanted property?

11th March 2015

I am looking to put my property on the sales market and wish to give written notice to my tenant that:- 1) I wish to have an Estate Agent attend and take photos of the inside of the property. 2) Give notice that once the property has been sold they would be required to vacate […]

Tenancy Notice Period – Tenants Questions

11th March 2015

I took an Assured Shorthold Tenancy Agreement on 19th October 2010. I paid one months rent in advance on 19th October and the next rent payment was 20th November. The tenancy period was 12 months with a two months notice period to end the tenancy. The letting agents have never sent a new Shorthold Tenancy […]

Promoting the Managing Agent – what a cheek!!!

11th March 2015

What do readers think of the following e-mail I received from my managing agent?  “VA Property Consultants are now SELLING properties in Luton and Dunstable and would like your help to create awareness for our new sales department. This is why I am contacting you as a valued client as we would like your support […]

Will Consent to Let Be Granted?

10th March 2015

I own a flat with my ex, he has not contributed for two years and I don’t believe he is registered on the electoral roll at his new address.  I recently moved out and expect to return at the end of 2018, so I asked some friends to house sit while I got some building […]