Page 761 – Property118

Landlord fined one third of the deposit for non-compliance

3rd March 2015

In the latest ruling under the Tenancy Deposit Schemes (Scotland) Regulations 2011, a landlord has been fined one third of the deposit amount for non-compliance. In Jenson v Fappiano, the landlord failed to transfer a deposit of £1,000 to an approved tenancy deposit scheme or to provide the tenant with the Prescribed Information. The landlord […]

How to protect my unencumbered properties?

3rd March 2015

I have over 30 properties in total of which I own 8 outright, and rest are on Buy to Let mortgages. I am looking for some advice on how to protect the 8 I own outright in the unlikely prospect of an increase in mortgage rates like we had back in the 70s ( I […]

Yields up to 8.5% and returns up to 17.8% in Sheffield

3rd March 2015

This fantastic new investment opportunity, designed by an award winning architect, is situated in a city voted top for buy to let returns. Located within walking distance to Sheffield city centre and next to one of the city’s Supertram stations, these modern apartments are perfect for working professionals and students alike. The close proximity to […]

DPS ADR process any experiences?

2nd March 2015

Hi again to all who took the trouble to reply to my previous post (why are my tenants trying to destroy me? see >> https://www.property118.com/tenants-trying-destroy/71453/ ). Just an update, as I said they did move out on 9th Jan without leaving a forwarding address or my keys which were never returned through their solicitor…surprise,surprise!! Anyway […]

What are a Landlords responsibilities with respect to Radon Gas

2nd March 2015

We are almost completed on the purchase of a 1900’s mid terraced house in Nottingham and the final search we received today says that the house is in a radon affected area “as between 3 and 5% of homes are above the action level”. We are newbies but we will no doubt carry the responsibility […]

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15 year high for Section 21 possession cases

2nd March 2015

Statistics released by the Ministry of Justice (MoJ) show that despite an overall 5% fall in possession claims issued at county courts in 2014 versus 2013, the figures are skewed by a more lenient approach taken by social landlords, and that the continued rise in accelerated possession cases which are at a 15 year high, […]

Bedsit to Bedsit with shower and Loo – Council tax?

2nd March 2015

I am just about to convert a dingy bedsit into a bedsit with loo and shower, the room size will remain the same, the loo and shower will be enclosed in a soundproof studded partition. Is anybody able to tell me whether, the local council are able to impose council tax after the change is […]

Letting Supermarket Shares On Sale Now

2nd March 2015

Back in December 2014 we gave Property118 readers the ‘heads up’ that £250,000 of shares would be released in Spring 2015. We invited members to register interest and to indicate the level of investment they were prepared to consider. These expressions of interest amounted to over £2 million of potential investment! The opportunity has been […]

Section 21 and late deposit protection into SPT period

2nd March 2015

I would just like to clarify something unequivocally if you can please – I thought it was set in stone that a section 21 notice cannot be valid if the deposit was protected late (unless the deposit has been returned etc etc.). But I have been told this: As my tenancy has rolled on to […]

Final Allocations: London Apartments from £193,500

2nd March 2015

Scimitar House is located near London’s District Underground line as well as next to the recently approved Crossrail train track, due to open in 2020. According to local agents, property prices in Romford are set to increase by 40% in 5 years time, so now is a great time to invest in Romford. This boutique […]

What charges can be counted as rent?

27th February 2015

My occupancy agreements impose standard charges for things like rent arrears letters, or anti-social behaviour letters, or lock changes due to tenant damage, etc. These charges are added to the resident’s rent account, and this is clearly stated and agreed to in the occupancy agreements themselves (which of course the resident signs). Thus, a resident […]

Ground rent purchase – lots of questions?

27th February 2015

Hello, 1, Can anybody advise me how to calculate the fair price to pay for purchasing the freehold of a ground rent on one of my rental properties. The yearly ground rent cost is £10.00 I have asked the current leaseholder and he has said that he wants £650, he said that this would cover […]

Decorator nightmare – they broke into my garage!

26th February 2015

In September last year I decided to have a wooden, ledge and brace porch door dipped and repainted. I took the door to be dipped. When it came back, mid October, I realised it was in poor shape, so I bought a replacement dipped one off the dippers. I have used local decorators for 20 […]

Carla Morris-Papps nominated for the Woman of the Year category

26th February 2015

Carla Morris-Papps, Chief Executive and Founder of Cotswold Barristers, has been nominated for the Woman of the Year category of the Echo and Citizen Women in Business Awards 2015. South West Business reported, “it takes a special kind of motivation to be the first non-lawyer to invest in creating a new barristers’ chambers. But after […]

Tenant arrears on property bought at auction

25th February 2015

I bought a two bed flat at auction in Dec 2014 with tenant in occupation on an AST since Dec 2009. The tenant has been holding over since the original 6 months period. When my purchase completed I was charged 3 months rent arrears, undisclosed at the time but I had to pay. The tenant […]

Furniture left in house by tenant and now asking for it back !

25th February 2015

My tenants gave notice and vacated property on 18 January. They were relocating to Scotland from Kent and couldn’t take all there furniture. I said I would dispose of furniture for them and not to worry, I was being helpful, so I thought, as they had five children two under 2 and I felt sorry […]

Deductions from deposit during tenancy

23rd February 2015

I have just handed in my two months notice to the Estate Agent (EA) managing the flat I’ve been renting. Within a week of handing in the notice I went on holiday for two weeks. I confirmed my time away to the EA by email stating the exact date of my return. I also mentioned […]

Tenant notice to quit – very confused, please help

23rd February 2015

I am a tenant with a technical question about notice to quit. I would be very grateful if you could help to answer my question please?  I have been served a section 21 which expires 15 April (I am on a periodic tenancy that runs from 16-15th of each month). In actual fact the 21 […]

Commercial to Residential Change of Use

23rd February 2015

I am currently looking at a commercial property which is basically two three storey terraced residential type properties converted into offices by opening the adjoining walls to gain through access so the two adjoined buildings work as one use.  I propose to buy the building commercial building (2 x terrace three stories combined) and move […]

Tigrent Learning – would you recommend this training?

23rd February 2015

I would like to move into property investing but have no experience whatsoever. I have a friend who went through Tigrent Learning and is now a successful property investor and I would like to follow in her footsteps. However, the course is very expensive and I want to show my family it is worth it […]