Page 765 – Property118

How Lenders deal with the demise of a Mortgagor

6th January 2015

Make 2015 the year that you no longer take known risks without first taking full consideration of the pros and cons, and by making sure that you’re implementing the appropriate upfront actions. In particular, as we move into a New Year, why would you choose to leave problems for your beneficiaries and families which can […]

Section 21 and Prescribed Information problems

6th January 2015

My tenants have been in since February 2012, the tenancy became periodic in August 2012. The deposit was correctly protected and the prescribed information given. The house is in England. They have since started to default on the rent and a S21 was served and I am confident that all the dates on the S21 […]

Why are my tenants trying to destroy me?

6th January 2015

I had been letting a property for over five years with no problems whatsoever so when I moved in with my partner we decided to also rent out my home I’d been living in rather than sell it. I placed an advert to test the water as it’s quite a large house and didn’t know […]

Buy to Let market starts the year with a BANG

5th January 2015

The mortgage market has opened the year with a bang, including the launch of a new Buy to Let lender, Fleet Mortgages. Chief executive of Fleet Mortgages Bob Young said “we have brought this lender to market in record time and are lending at what is a very exciting time for a growing and developing […]

Do I need an AST for a 4 month let?

5th January 2015

I am a landlord with several properties. One (property 2) is fully tenanted and running fine. The other (property 1) has a tenant that causes me headaches – nuisance to neighbours, noisy parties etc. I am preparing to give her notice. Section 21. Then I will – with his agreement move tenant from house 1 […]

European Central Bank may start full scale Quantitative Easing

5th January 2015

The Euro hit a 9 year low against the Dollar at $1.1864 causing speculation amongst investors that the European Central Bank (ECB) must now start to stimulate the economy by instigating a full scale Quantitative Easing (QE) plan similar to those undertaken by the UK and USA. This is because the only wiggle room on […]

Should I let to Council or Local Housing Association

4th January 2015

I am new to the forum and Buy to Let Property. I would like to invest in Buy to Let Property and have been looking at the option of letting it to the Council or Local Housing Association on a 1 or 3 years lease. I am planning to buy 2 or 3 bedroom house […]

Would you rent your first BTL property out to students?

3rd January 2015

I am about to buy my first Buy to Let and I was thinking that it will be good to rent out to students by the room as it might end up paying me well, no council tax to pay and renting by the room sometimes means that the house is never empty (always having […]

High London prices – Capital vs Yield

3rd January 2015

In all the advice provided on this web site it states to target yield of 5%+. In some parts of Greater London, this is simply not achievable due to high house prices. Is it realistic to buy lower yielding areas where 2 bed flats are £300-£500K with expectations of further capital growth compensating for the […]

Do Section 8 and Section 21 Notices have a shelf-life?

3rd January 2015

Some time ago we served both types of notice on a tenant who had several rental excursions up to 3 months in arrears and who also was not keeping the flat in good condition (not ventilating it properly & too much junk against the walls). He has been trying to start up a company and […]

How do I relinquish a management role

3rd January 2015

I am currently the director of a small block of 6x flats in a limited company and my wife is the Secretary, we have held these positions for 7 years now and it is time for a change as apathy has set in amongst the other owners. I have run the company well and there […]

Tenants void warranty on new boiler – who pays now?

2nd January 2015

I was called in by the tenants in one of my properties because they were having problems with a shower, and was horrified to see a large pool of water outside the front door which seemed to be coming from the condense pipe of the boiler. The tenants admitted that they had been having trouble […]

Cash purchase of Freehold flat with no management ?

2nd January 2015

I am purchasing a ‘freehold’ ground floor flat with a garage. It is a cash purchase only. It all sounds good with no ground rent or service charges to pay but am I buying what could be a problem in the future? I have spoken to one person in the block of 12 flats (most […]

Council no help with water ingress assumed from neighbour

2nd January 2015

Help! I’ve a lower ground floor flat that has suffered from some sort of water ingress, we’ve investigated and found a drain from next door near so am assuming it is this – however the neighbour has done all sorts of unregulated work to his building and being extremely obtuse – I’ve had someone in […]

It’s not you – it’s them

2nd January 2015

Wishing you a very Happy New Year!  In the spirit of all the recent festivities, there is something very important which I wanted to share with you. Okay, so I’m in my office here in Kent speaking with an associate of mine about the property investment business and how he’s doing. First thing that he […]

Who declares the taxable income?

31st December 2014

All aspects of this question relate to the UK. Earlier this year I bought a terraced house which I renovated and have just let out. The house (according to the deeds) is fully in my name, I own the house. Other than the rent from this house I don’t have an income, I’m a ‘homemaker’ […]

Weekday lodger has left clothes and kept key

31st December 2014

I had a lodger who stayed Monday to Friday. She did sometimes stay the whole week without paying any extra money. We had a verbal agreement that we would give 2 weeks notice either way. However, she went to see her family out of the country and has not paid her rent. I don’t think […]

Property market outlook and negative equity?

30th December 2014

Currently, markets such as property and stocks are near their highs. One cause is the rock bottom rates pushing investors into risky assets and away from cash. So, what will happen to the property market over the next few years? Is it worth delaying purchases? Am I correct in assuming that as rates rise, property […]

CCJ notice of judgement obtained online – Now whats next ?

30th December 2014

I have recently sought a CCJ via the ‘ My money online’ service. The Defendant did not respond with any defence etc within the time allowed so after allowing another two weeks I asked (online) for a judgement by the County Court Business Centre. I have now received their reply i.e : Notice of judgement […]

Recommended Carpets for rental property?

29th December 2014

I am refurbishing my first rental property and undecided on what type of carpets to fit. I have been recommend a hard wearing loop pile. What carpets do you use for your rental property? I am also installing a white gloss kitchen and looking at laminate worktops to go with this. What colour are the […]

How can I remove so called tenants?

26th December 2014

I let a flat to a student, she has boyfriend with her. She signed the contract but the boy friend paid the rent I think. They renewed the contract ( signed a paper for another year conditioned to old contract ) in august14 ( she was still in UK). In October we received complaints from […]