Page 761 – Property118

Landlord Tax Levy Campaign

1st August 2015

Would you be prepared to invest just 15 minutes a day to campaign against the Budget proposals to restrict finance cost relief for private landlords? If so please complete the form at the bottom of this article. Every day we will send you one email with new campaign ideas, for example:- 1) Letter templates (first example below) […]

Agents chasing for payment but I have moved out?

31st July 2015

I rented a house which had 12 months minimum term. This was unknowingly signed by me and my wife because we discussed 6 months. We had intention of staying in the house for 6 months because we were already looking for mortgage to secure our own house. Luckily after staying for 7 months (March 2015) […]

Should I take a tenant reference for new lodger?

31st July 2015

I would like some advice regarding taking in a live in lodger. I was wondering if it would be necessary or advisable to obtain a tenant reference for a live in lodger prior to them moving in as it is for a tenant renting a property on an AST. Any advice would be most helpful. […]

Restricting finance cost relief for individual landlords – PETITION

30th July 2015

This is the petition that intends to STOP the Government making the biggest mistake in recent history. “Restricting finance cost relief for individual landlords” The petition isn’t branded by any particular organisation because this issue is far too important to us all than to allow rivalries to influence campaigning. All you need to know about the […]

Year of Separation but how to split property

30th July 2015

My wife and I are divorcing and we want to transfer 3 rental properties from joint names into my name in return for a lump sum that I will pay her. I believe we have to do the transfer in the year of separation otherwise a CGT would be payable. What is involved in the […]

Letting agent hasn’t collected enough rent?

29th July 2015

We have been using a letting agent to fully manage one of our properties for the last 8 years and we pay 10% commission for doing this which includes Landlord insurance. Around 2 years ago he found us a new tenant and she moved in and everything was fine. A couple of months after she […]

Buy to Let second charge loans with Precise Mortgages

29th July 2015

For many Buy to Let borrowers raising finance by way of a second charge loan can be far better than leaving an existing very low reversion rate and re-entering the cycle of remortgaging every few years with an incrementally higher rate at the end of each mortgage product term. Precise Mortgages have launched a new […]

Should I invest in Great Yarmouth or is it too likely to flood?

29th July 2015

I am new in the property investments but I would like to ask for the opinion of the more experienced landlords. I am planning to buy my first BTL I own a property already which is my main residence in Great Yarmouth that’s where I live now. I am wondering where to buy my BTL […]

My Flat being used as a Brothel!

29th July 2015

I let my Flat to a holiday let company, but it was on the basis that they would NOT use it as a holiday let, but were going to let it to a couple who were in London for 6 months working. It is a one bed flat and I insisted it should remain as […]

Can I manage the renting of my mothers house?

29th July 2015

My mother recently moved in to the granny annex in our house. We have had to agree that she pays rent for the flat as she refused to move in otherwise. She is going to rent out her house with the idea that she will then use this to pay us. Is there a way […]

Landlord Action commissioned for second series of Nightmare Tenants Slum Landlords

28th July 2015

Channel Five bosses have agreed the eye-opening first series of ‘Nightmare Tenants, Slum Landlords’ has only scratched the surface of the issues faced when the relationships between landlords and tenants break down. With the last episode in the current series due to air on Wednesday 29th July, a second series featuring Landlord Action has been […]

Buying a BTL property for Brother in Joint name or single?

28th July 2015

I am in process of buying my first buy to let property. I have couple of questions: (i) The property we are in process of buying is for my brother who doesn’t own any property in his name. Ideally we want to have property in his and his wife name but he couldn’t get mortgage […]

75% LTV Buy to Let Best Buys

27th July 2015

Too often Buy to Let best buy tables can leave you very disappointed as they are usually all based on a low Loan to Value of 60 or even 50% . I have done a more realistic search using a Freehold house purchase price of £100,000 and looking to borrow £75,000 with an applicant income […]

Celebrity Ambassador Supports Property118

27th July 2015

I had the pleasure of meeting Sophie Lydia-Smith at the launch of Cotswold Barristers new Chambers last year. Unlike stereotypical beauty Queens who campaign for world peace, Miss Cheltenham has agreed to help promote the  e-petition to Government on restricting finance cost relief for individual landlords. LINK Sophie is a building surveyor, her boyfriend is […]

RLA logo

Budget announcements leave 65% of landlords considering increasing rent

27th July 2015

65% of landlords are considering increasing rents following the Budget announcement, according to research by the Residential Landlords Association (RLA). New research reveals that increasing rents are a real possibility, despite the Government having made an argument that rents would not increase as a result of changes to how landlords are being taxed. HM Revenue […]

Lease extension in most cost effective way?

27th July 2015

I have 56 years lease left in a flat. I am hoping to extend the lease. I understand that I can apply for Statutory 90 years lease extension plus pepper corn rent. I am hoping to increase my lease without spending a lot of money on solicitors. Can I do the initial negotiations and test […]

Tenant wants to take shop interior when she leaves?

27th July 2015

I bought a property 8 months ago which contains a lock up shop. The tenant who has been there since 2007 has given 3 months notice to quit. She says that when she moved in she had a wooden floor, kitchen sink and cabinets fitted. She says that as they are her property and she […]

Empty Property

27th July 2015

I wonder if you can help me , my mother lives in a road where their is a property which has been vacant for the last thirty years . I have contacted the Land Registry and have obtained a copy of the title deeds . This has resulted in me writing a letter to the […]

Landlord has defaulted on mortgage, we are being evicted.

27th July 2015

We have a shorthold tenancy agreement in place but 5 months in we have been served with an eviction notice from the landlord’s bank. We have followed the relevant procedure to delay the process by making an application to court and filling in the N244 form etc. What annoys me is the landlady knew about […]

Government ripping Landlords again !!!

27th July 2015

I have received below an email from a company who were going to improve my rented houses for FREE. All I have to do was to comply with certain requirements ( which I did ) and give £150 per property which would have been refunded at the end……..  We are writing to inform you that […]