Page 765 – Property118

Neighbour will do work whether we like it or not!

26th January 2015

There are builders currently working next door to one of our rental houses. They say they are converting a 4-bed into a 7-bed house, including a loft conversion and a ground floor extension. The agent is liaising on the landlord’s behalf.  The agent has said they are doing the side extension – we don’t yet […]

How to evict a tenant in prison?

26th January 2015

My tenant was arrested ( I was told by his employer) and now he is in prison. However, I am not able to get any info about where he is held and for what crime he was arrested.   He isn’t British but has a permanent visa for staying in UK. I do not have any […]

Broken toilets cost Landlords

26th January 2015

RESEARCH from our landlord emergency insurers suggests that 4% of all emergency claims are due to an inoperable toilet at the rental property.  With an average claim cost of £204.82 across the board, it is no surprise that so many landlords are learning that emergency cover is essential to protect your property, finances and cash […]

Renewal fee for tenant?

26th January 2015

My fixed term agreement has come to an end and I got an email from my letting agency who requested an increase in rent as well as a renewal fee of £120. “The terms of the renewal are that an extension of the original Agreement may be terminated by either party giving to the other […]

0% facility fee for new bridging loans

26th January 2015

The well established lender Precise Mortgages has enhanced its bridging loans to help increase the range of products, and at the same time provide an even smoother and more efficient process for borrowers. If you are buying a property in need of renovation and want to sell or refinance it shortly after completion this new range of 0% […]

Keystone Asset Management Ltd – Voluntary Administration

25th January 2015

On Thursday, 22 January 2015 I received a call from Keystone Asset Management Ltd to tell me that the directors had requested that the company be put into Voluntary Administration. They main issue here is that Keystone Asset Management Ltd were operating a number of HMO’s in and around Barnsley & Rotherham for their clients […]

Landlord Action hosts “Rumble with the Agents”

25th January 2015

On Thursday 21st May 2015, Landlord Action is hosting the biggest white collar charity boxing event to be brought to the property industry and is inviting letting and estate agents to take part. Paul Shamplina, Founder of Landlord Action, has been a keen boxer for many years and as well as putting himself in the […]

Capital Gains on flip and reinvestment

25th January 2015

Firstly excellent forum, thank you.  We recently purchased a property and refurbished it to a high standard to let out. Due to sudden rise in house values in our area we decided to flip it and make a profit. We exchanged contracts last Friday and we’re completing next week. The total proceeds from this property […]

Health and Safety in a private space

24th January 2015

I think it would be fair to say that nobody would expect to find a Health and Safety inspection taking place inside their own private house (principal private residence).  Similarly, just as your own private garden is not a building site, I cannot imagine a situation where H&S would ever inspect / advise / impose […]

My Section 8 eviction experience – landlords be warned

24th January 2015

After reading the article “why are my tenants trying to destroying me”, I want to share with other landlords my recent eviction experiences, so that other landlords can be warned when this type of problem comes up. After I put in a brand new kitchen and bathroom in my rental property I put my house […]

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 […]