Page 769 – Property118

Is section 21 valid?

20th December 2014

Please advise since all legal bods are closed over weekend!  I have had a lovely tenant for 4 years, she’s a single mum, 3 kids and all housing benefit has been paid to me, no problems. Unfortunately her boyfriend has moved in without my permission. The housing benefit has halved and a top up needs […]

Channel Island Landlords

20th December 2014

I live most of the time in the Channel Islands. Contrary to the popular imagination that was given out by John Netttles in the 1980s, the Islands are accessible and easy to get into (in the right Island). There are plenty of houses available to purchase at what (compared with London) are reasonable prices.  I’ve […]

Your Property Market Predictions for 2015

19th December 2014

What do you think will happen to property values?  Do you think interest rates will rise? How do you think lending criteria will change? What changes in legislation do you predict? Do you think Rent Guarantee Insurance will become more popular? Any other thoughts?

Most Landlords Are Monkeys

18th December 2014

Now before you jump down my throat, please understand the context, I am not being derogatory to my fellow landlords I promise you.  The reference to Monkeys comes from some fun with psychological profiling in a great little book written by my old friend Nigel Risner, who was arguably the most successful commercial finance broker […]

Own Shares in Letting Supermarket

18th December 2014

EDITORS NOTE: I have re-published this article because we are getting very close to the point of this investment opportunity being publicly available via the Crowd Cube Platform. Interested parties are advised to set up an account with Crowd Cube in order to avoid delays when shares are eventually released. When we first published the […]

Residential mortgage with internal door locks

18th December 2014

We think this might be a unique problem and want some advise please.   We went to view a house which was a Care Home 18 months ago. The Care Home has moved but the property is still owned by the Care charity. We really liked the house, made an offer and the offer has been […]

Helping Good Lead Tenant by Evicting Bad Tenant

18th December 2014

How do I support a very good Lead Tenant who wants bad Tenant 2 and her abusive partner (not a tenant) out of my property? We are talking about a large 2 bed high-end apartment, 6 month AST started September 2014, with Good Guy named as Lead Tenant. Lead Tenant’s father is Guarantor (tenant is […]

Establishing Loft Space Ownership

18th December 2014

I bought 3 bedroom leasehold flat 6 years ago which included the loft space.  Three years ago, 4 leaseholders collectively bought the freehold of which I purchased a third of the freehold. Recently, one of the leaseholder who owns a share of freehold has indicated the loft space which I have owned for many years […]

Relocation company requesting signed AST

17th December 2014

A Canadian relocation company has contacted me and want to rent one of my properties. They have asked for a signed AST before forwarding any payment.  I am a bit wary as I never usually sign anything until I have the cash in the bank. I’ve never dealt with relocation companies before. Can anyone give […]

Start of tenancy, few questions

17th December 2014

I am a landlord and just signed tenancy agreement (with online agent and their AST).  Tenants too have signed the agreement, but they said would be depositing rent + deposit on the start day of tenancy. What happens if tenants don’t deposit on time let’s say 5pm on that day? Do I have an option […]

Can I claim money from my landlady?

17th December 2014

My landlady left me without heating from the 23rd October to the 27th Nov. Granted she did have a man come out to look and it didn’t work.  My question is can I claim compensation from her toward my electric bill? For 46 days I had no heating or hot water! We are a family […]

January is the most popular renewal date for Landlords Insurance

16th December 2014

Please make sure you save money this year on your Landlords Insurance and let us know your renewal date. The bigger our landlords insurance buying group becomes the more negotiating power we gain. We are now at the stage where we can GUARANTEE to beat any like for like quotation for landlords insurance. Operated on […]

landlord action

Retaliatory Evictions Report

16th December 2014

After Paul Shamplina and Landlord action helped provided evidence, the All Party Parliamentary Group (APPG) for the Private Rented Sector recently concluded its inquiry into Sarah Teather MP’s Tenancies (Reform) Bill addressing the problem of retaliatory evictions. Whilst the Bill failed to make progress at Second Reading, the measures within it are included in an […]

How well do you know the person who owes you rent?

16th December 2014

If you do find that you need to recover rent arrears from a tenant, whether commercial or residential, the more you know about them, the more likely your action is to be successful.  With residential rent arrears you will need to obtain a CCJ (county court judgment) and then transfer it to the High Court […]

Tenants have no hot water or heating – their fault, my problem!

15th December 2014

I have tenants who would not allow access for replacing a back boiler with new combi boiler and extra radiators.  Guess what …………. now the boiler is not working and they have no heating/hot water and the engineer cannot fit a new system until March due to work load. If this cannot be repaired and a […]

Expanding my BTL portfolio – thoughts please?

15th December 2014

I am currently living and renting in Cambridge.  I have a flat in Scotland with no mortgage valued at around £65k, rental is £480 pcm and I have £50k of savings. I cannot afford to buy a place in Cambridge as my income is only £21k from my job, so I was thinking to get […]

Would you ask freeholders permission if you were me?

14th December 2014

I have a top floor flat and urgently need a new boiler as its broke down and the tenants are getting a bit grumpy.  I’ve arranged this to be done but they need to erect scaffolding to access the flue as the building is quite high. My question is do I need the freeholders or […]

Flying freehold – advice requested

14th December 2014

I am looking at (cash sale at auction) a terraced property converted into flats with a ‘flying freehold’.  The first and second floor bathroom overhangs on next door. Owned by housing association and which they converted with a shared garden (no division wall in the rear garden between the two properties). They are selling one […]

Mortgage delay caused by a tree

13th December 2014

We are re-mortgaging an ex-council flat which has a very large conifer tree standing within 10 metres of the property.  The lenders’ valuer has asked for a report on the possible damage by root action and/or falling, but I cannot find a tree specialist to prepare a report for me. They are either too busy, […]

Leasehold advice please!!!!

13th December 2014

I own the leasehold of a top floor flat in a house converted into two flats, the other flat is now up for sale.  If I purchase it and become the leaseholder of both flats how do I go about purchasing the freehold? How does owning both flats effect my statuary rights? Does the freeholder […]

Capital Gains Tax liability after Split

13th December 2014

I know I need to get professional advise on this but just wondering if anyone has any ideas in the meantime.  Myself and my ‘now’ ex purchased a house 14 years ago for £280K – we also added to the mortgage an additional £80K as the house required replumbing/rewiring/new windows etc. We split up 3 […]