Page 776 – Property118

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 […]

Investing Ltd Co funds in BTL

4th November 2014

I currently own 2 BTL properties which I let out as a private landlord. I also have a consultancy business which is run as a limited company. I am considering purchasing an additional property via the LTD Co as I have a surplus of cash in the company that is not currently earning much interest […]

Buy to Let With No Minimum Income

3rd November 2014

“Is it possible to obtain a buy to let mortgage without proving income?”  This is a question I am asked frequently. Well, there are a number of buy to let lenders in the market whose criteria stipulates no minimum income however this is not quite the same as having no income whatsoever.  Applicants in these […]

Can joint freeholder stop me making reasonable alterations?

3rd November 2014

I own the freehold of a upstairs self contained maisonette and someone else owns the freehold of the downstairs maisonette. Whilst reading my 996 year lease it says that I must get consent from the other freeholder if I wish to make any alterations to my flat. My question is what can I do if […]

Foreign Rental Property – Should I declare them to HMRC ?

3rd November 2014

I wonder if anyone can help by providing some advice regarding foreign rental property? My wife and I currently own 2 rented properties in Australia that have a mortgage against them. We have had them for 7 years and submitting annual taxation returns to the Australian Taxation Office. We are substantially in tax credit and […]

Buy to Let mortgage term expired – How can I get more time to sell?

3rd November 2014

I have a Buy to Let mortgage which has come to the end of its term with the lender and I have now reached retirement age. I have been actively trying to sell the property, but because of the current climate I have so far been unsuccessful. I have now completely re-decorated the property and […]

When does an HMO cease to be an HMO?

3rd November 2014

As I understand it, a HMO is a property that has more than one (unrelated) household within it, where part of the property is shared. As such, this could even be a two bedroomed flat so long as the rooms are let separately (not the whole flat let as a joint tenancy). If this is […]

Persistent Mice in Rental Property – HELP!

3rd November 2014

I own a one floor, one bed flat in a matrix of flats across three large victorian houses. My tenant (who has been living in the flat for 10 years) is experiencing frequent and persistent prescence of mice which, so far, Apest (pest controllers) have been unable to extinguish. I have spent thousands of pounds […]