Page 775 – Property118

Change of Landlord and s21

12th November 2014

I have just bought a house with an existing tenant. The tenancy was for a fixed term of 1 year beginning on 13 February 2013, and so the tenant has been holding over since February this year. The original landlord served a s21(1)(b) at the start of the tenancy.  I am wondering if I can […]

Council want to inspect my property

12th November 2014

Just received a letter from the council saying they have been informed that the house I let out is in a state of disrepair and will need to be inspected. The tenants have just recently received an order to vacate using section 21. The tenants signed a form stating they had inspected the property and […]

Back to Back Terrace with Loft Conversion – Rentable?

12th November 2014

Im new to the BTL business and I’ve found a  back to Back terrace with a loft conversion at a very good price. I’m pretty certain the loft conversion doesn’t meet the regs as you have to come up more of a ladder than stairs. The room itself has 2 velux windows in and is done […]

Partner required to buy properties at Auction

12th November 2014

I’m looking for a like minded individual who, like me, wants to buy properties at Auction in the area where I live – Brighton  I’ve up to £100k cash, not enough to buy something outright but my plan is to buy at Auction, do it up and sell it on the open market within a […]

What would you do? Brilliant property strategy and planning (I hope…)

12th November 2014

Hi All I’m a landlord because I doubt that a pension alone will feed me in my dotage…  Anyhow…I generally know what I want to do and how, but the next decisions I make could be critical and I feel that some wiser heads than mine could be very useful. I may need to review […]

Sheffield Enterprise Zone to create strong capital growth and a low vacancy rate

11th November 2014

Sheffield City Enterprise Zone is set to double in size. Sheffield Chamber of commerce has helped 140 businesses with funding support. Investment in job creation is having positive spin offs for property investors. Companies such as Finch insurance brokers and XLN which supplies services such as phones, internet and energy to small businesses, chose to […]

How do you finance buying a new build show home?

11th November 2014

I am in early talks with a large Home builder. They will be putting up 350 units in a town where I currently have 3 properties. I like the town and I like the idea of a new build. I’m looking to buy 1 or 2 three bedroom houses from them. It was suggested by […]

Can I Reverse My Decision To Allow Pets?

11th November 2014

Some time ago my tenants asked if I would allow pets in the house.  At the time I agreed but now I would like to advise them that pets are no longer allowed in the property. Am I able to do this, and can I simply send them a letter stating this. Thanks Hendry

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 […]