Page 773 – Property118

Who do I issue a summons to ?

11th November 2014

I have tenants who left on a sect 21 owing 2 months rent, they had a rent guarantor who I have approached regarding this who has said that she signed this with a letting agent that we no longer use so is not liable. The tenant had been in the property for 18 months so […]

Can you sell a house within 6 months of purchase?

11th November 2014

I am aware that it isn’t easy to sell a house within 6 months of purchase, but speaking to my solicitor the other day it would appear to be nigh on impossible. She seemed to think most lenders would reject any application without even looking at it if the property hadn’t previously been owned for […]

Dispute about historic debt related to service charges

11th November 2014

As non-professional Directors of freehold property management company, we accepted a condition of our purchase that we use “reasonable endeavours” to recover outstanding service charge debts on behalf of the administrators.  The outstanding debt remains with a professional leaseholder who countered this by taking us to the LVT for over-payment of service charges. On two […]

Media City

Media City is largest residential Buy to Let scheme in the North West

11th November 2014

Media City in Salford Quays is currently the largest residential Buy to Let scheme in the North West with assured 6% Net rental incomes. There are 1,036 luxury apartments split into four 26 story developments in the heart of Media City the home for BBC and ITV. With spectacular views over the city and Media […]

My landlord wants me to lie and say I am a Lodger – Help!

11th November 2014

Hello everyone! I am renting my apartment through an estate agent but have never met him, I only knew his name! Today he called me saying that his apartment belongs to a housing association!  I pay the full amount of rent, have never seen the landlord and today he said the council wanted to speak […]

Do you think I should be Ltd?

11th November 2014

Firstly, I’ve just joined and I love this site – So much interesting stuff. I was wondering if anyone would like to comment about my proposed business structure. My aim is to set up a business buying, renovating and selling properties, one or two at a time. I haven’t yet had professional advice, but I […]

Cashflow benefits of 2 x 2 benefits tenant stratagy

9th November 2014

I watched a webinar the other day extolling the undoubted cashflow virtues of 2 x 2 ‘s (putting two separate Housing Benefit tenants into a single family house). The webinar leader went through the technical details of the process, most of which I would have been aware of or able to put together myself, but […]

Broken guttering on neighbour property causing me problems

9th November 2014

The property adjoining mine has broken guttering and this is allowing water into their property and damp into mine.  The landlord of that property has been made aware of this several times. What action can I take as it is badly affecting my property. Thanks Andy

Directorship of a RTM under threat from unpleasant leaseholder?

9th November 2014

I am a co-director of a RTM (Right to Manage) company of a development which is extremely challenging to manage. We are now at a critical phase – just about to start major works which will cost about £70K. We’ve been leading up to this point for the last 2 years and, needless to say, […]

Recommendations for next BTL investment?

9th November 2014

I have up to £300K to invest in BTL, and would welcome all suggestions for where the best location and what type of property would be for me to invest.  Given problems I’ve had (continue to have) with purpose built new blocks, rip-off freeholders and agents, service charges, etc… I would prefer to avoid leasehold […]

Thinking of buying with BTL mortgage but there is a sitting tenant

9th November 2014

A friend is thinking of buying a property where her sister is the sitting tenant. She has one BTL and shares 2 others as joint leaseholder, but her income (salary) is low. She needs advice on whether this is feasible, if she can get a BTL mortgage, if her sister as sitting tenant would be […]

When a tenant denies being a tenant Huh?

7th November 2014

I doubt lt if anyone here has ever had this problem. I have a tenant 30 yr old Chap that has been renting out a flat for 2 years for £475 per month, his housing benefit was then reduced under new law not to pay under 35s a one bed rate (£450), so Housing Benefit […]

Universal Credit / HB monies paid direct to tenants

6th November 2014

With an eye on the imminent introduction of Universal Credit, the recent a recent discussion – “Is your MP a Landlords champion” – kicked up some interesting points, one of which was the potential loss of tax revenues as a result of Tenants who, instead of passing the housing benefit payments on to their Landlord […]

Don’t forget to tell HMRC you have investment property

6th November 2014

I’m new here and am after some advice regarding my tax liability with my rental property. I bought a rental property two years ago and refurbished it. It has been rented out pretty much ever since. I bought it mostly because it was close to home and I wasn’t sure whether I’d have the enthusiasm […]

Our agent in the West Country

5th November 2014

As you will no doubt be aware, the owners of Property118 acquired a 26% share in Letting Supermarket when it was a start up business. It has since flourished and over the coming weeks and months we will be proudly introducing you to some of the team. Kevin Eggleton is the Letting Supermarket agent covering The […]

Evicting Tenants – A sister website to Property118

5th November 2014

We have so much information on Property118 about evicting tenants that we decided to produce a simplified website to consolidate it. We’d like to think our new website looks great on all mobile devices too. Please CLICK HERE to view the new website. I am very much looking forward to reading your feedback, please leave […]