Page 776 – Property118

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 […]

Which room would you choose? Furniture packs cover their costs

3rd November 2014

Furniture packs can make a real difference to any property, but they could also save you more than they cost and in effect pay for themselves. How much is you time worth? £10 per hour, £20 per hour or even £50 per hour or maybe more? Example, if you lived around a 30 minute drive […]

Sole Estate Agent Agreement

3rd November 2014

I signed a Sole Agent Agreement (3 months) to sell one of my houses, the problem is after 2 months they had only 2 viewings.  I was persuaded by another agent against my better judgement to sign up with them as well. They convinced me by saying as long as the house sale wasn’t completed […]

Damage to tenant’s possessions

3rd November 2014

Our tenant has informed us today that her £500 pram has been destroyed beyond repair due to a collapsed kitchen ceiling and she wants to claim the full amount from us. In a nutshell, I would like to know if we are liable please. Any advice gratefully received.  To give a bit of background, 2 […]

Overbooked! So we’re running another

31st October 2014

The workshop for Property 118 members was so popular that it SOLD OUT. Don’t worry though, we have booked another and this time we’ve made the booking process even more simple. Hazel de Kloe is a highly respected UK Property Mentor and Coach, the only one I have ever approved as a Property118 sponsor. She […]

Revenge Eviction or was the landlord right?

31st October 2014

Please take a close look at this picture in Shelter’s latest propaganda (below). Have a look at the walls and the blinds! Would you live like this? Clearly this mother has very little self respect and hasn’t touched any cleaning products for years. Was the property like this when she moved in? If so why […]

Is your MP a landlords champion?

30th October 2014

With the 2015 elections coming up in six months time it’s time for landlords to start lobbying their MP’s. We need them to realise that over 1 million UK based landlords have a voice and have needs.  I am urging all landlords to write to their MP with a letter similar to my own (see […]