Page 763 – Property118

Commercial line of credit

24th January 2015

Following the death of my mother, I have just inherited the (unencumbered) house I am currently living in and am not necessarily rushing to realise its value and downsize, although that is the eventual plan. I do want to expand my B2L portfolio but have no reasonable provable income as I live on rental income […]

Tenant Request for Advice and Help

23rd January 2015

We have been issued with a section 21, I am disabled and my husband is retired.   We have been given this because our rent was late 3 months out of 6. We do not have the money to move to another private rented accommodation and even if we did it would be difficult to […]

Can I get a discount on the rent?

23rd January 2015

I rented a one bed flat back in August however due to work refs failing I paid 6 months up front. However since moving in there has been damp and mold growing up the bedroom wall and the room is freezing cold so much so I’m unable to sleep in there . The landlord has […]

Freeholders full name and address?

23rd January 2015

I understand that it is a requirement that the managing agent for the freeholder must state the name and address of the freeholder on all demands for payment that they send the leaseholders. Does the following constitute a full name and address SMITH, PO BOX NP 12** ROCHFORD ESSEX SS5 9**. I beleive this is […]

Garden is trashed?

23rd January 2015

Although my tenants have lived in the house for 2 years, and always paid their rent on time, and are lovely people, they currently have a pile of junk outside of the house – old childrens toys, a fridge freezer, wood, rubbish, and I asked them to get it removed. They agreed that they would, […]

How to resolve an issue if you failed to protect a deposit correctly

23rd January 2015

I have a tenant who has been in the property a number of years and generally is ok. However recently the management agents of the block are coming down on occupiers who dry their washing on the balconies. I have had a number of letters from them about him and I have written and spoken […]

Retention on a BTL mortgage

23rd January 2015

I am purchasing a house for £50,000 and the surveyor has reported it requires a roof contractor to inspect and repair/renew roof. Specialist to check all subfloor timber and internal dampness. The House is now valued at £45000 until works done then £50,000 on completion. The lender has given a full retention and the agent […]

New rental property with oil boiler

22nd January 2015

Hi everyone, I am a fairly new member to this site but so far I have found it fantastically informative. so thank you all so much! I am in the process of buying a property for rental, it is a family sized home with an oil fired boiler and oil tank. My question is, how […]

Early redemption fees, worth it?

22nd January 2015

Hello! I have managed to hang on to 2 properties which I could not sell during the credit crunch. It meant that I bought a smaller residential property to live in, but it is now providing a good 2nd source of income and possibilities for the future. One of these is in Vauxhall / Nine […]

Refurbishment costs and building a team

22nd January 2015

I’m new in the BTL area and need some advice; I’ve been shown flats that the estate agents describe as “require some work”. This basically means installing a new kitchen and/or bathroom / repainting. Where do other landlords source their kitchens / bathrooms? How much money should I budget for purchasing and installation. How long […]

Duped by landlord over rent and deposit who was a bankrupt

20th January 2015

Hello my name is Joy and I have a small problem maybe you can help. I write on behalf of a friend who is disabled, and has been renting property for the past 20 years. From Charity organisations, councils and private landlords and one letting agent. And to blow her trumpet for her she has […]

How do I fight back after hearing went badly?

20th January 2015

I served section 21 to my LHA tenant and possession order was granted and hearing day was set last month. On the hearing day, the lawyer representing the tenant argued that I should have issued deposit info again when the fixed contract ended and the tenant lapsed to periodic contract. The tenant has up to […]

Pre-Approval for loan on property?

20th January 2015

Having read your article Mark on balancing high gearing with high liquidity (v useful info thank you) I’m wondering if I’m doing the smartest thing with my portfolio. I have three properties, two under BTL mortgages and the third (very luckily) 100% paid up and mortgage free. Its this mortgage free property that I’m wondering […]

#WestBromTracker

19th January 2015

Mark Smith, Head of Chambers at Cotswold Barristers will be representing landlords at the Commercial Court at Rolls Building, Fetter Lane, London this Wednesday in the UK’s largest ever direct access legal case.  We will be tweeting under hashtag #WestBromTracker so please feel to join in the discussion on Twitter and re-tweet. You may also wish […]

Sale and Rent Back Question

19th January 2015

Discussing the possibility to buy a house with Tenants. However the tenants sold the house to current landlord in 2008 as a SARB. I need to check the date of the transaction to ensure it was legal then but what about buying it now?  Would there still be issues with buying the house, is it […]

Human Rights and Notice to Quit

19th January 2015

Useful information which I thought I would share …….. one for all and all for one! Sims v Dacorum Borough Council (1) and Secretary of State for Communities and Local Government (2) – [2014] UKSC 63 Summary ………. Following several high profile break clause cases in recent years, the Supreme Court has now considered the […]

Checks needed for DSS / LHA tenant?

19th January 2015

Hi everyone, I have found a family that I want to rent my house to and they will be claiming the local LHA allowance for a 4 bedroom property in North London. Currently they are in temporary accommodation as they were made homeless due to previous landlord wishing to sell the property they were in.  […]

580 Designer waterside Buy to Let properties

19th January 2015

Adelphi Wharf is a £75 million development in Salford bordering directly on Manchester city centre, with a total of 580 waterside apartments and townhouses. The properties come with modern style amenities such as an on-site gym, landscaped gardens, bicycle storage and private parking spaces. Studios start at £94,995, One Beds start at £109,995  and Two […]

Student property in Leeds with assured 8% rental Yield

16th January 2015

UCAS have said the volume of students accepted into Leeds university for the 2014/2015 academic year was at an all-time high and is only set to keep increasing in the future. The new release at Trinity Hall has an assured rental yield of 8% for two years and includes the following: Stunning En-suites from only […]

My first Buy to Let – Is the estate agent being fair on price?

16th January 2015

I am running into a confusion as you might expect when you buy your first buy to let. I looked at one 2 bed flat which was for 289k and I made an offer of 270k initially which got rejected as estate agent said there is a higher offer so increase your offer or the […]

First Time Buy to Let for 18yr old

16th January 2015

I am new so apologies if I make all sorts of mistakes and ask seemingly daft questions. My daughter is 18 and has just inherited a small amount of money which she wishes to invest into a rental property. Her Dad (my ex) was a property developer who was quite successful, he started with nothing […]