I let my property in 2007 for £700 pcm (mates rates).  I didn’t bother to update the rental agreement and only raised rent by £75 in 7 years. When my tenant left due to a flood three months ago the loss of rent insurance kicked in at £700 pcm, even though I eventually rented for […]

I am about to purchase a house for cash and intend to sell it within 6 months. I have a buyer lined up but she needs the renovation works to be done first so that she can access a 85% mortgage. I am hoping to get the work done within a month but am concerned […]

We had a new roof put on and last week but because the roof was not covered properly a good amount of rain caused damage to my flat. Also most of the stud nails popped out and the place resembles as if someone has gone in with a shotgun.  The roofers have accepted liability and […]

The chronic shortage of housing in the UK is irrevocably turning Britain into a nation of renters. Increasing house prices and the inability to save for a deposit are forcing first-time buyers out of the property market and into private rented accommodation, in turn, creating a huge demand for buy-to-let residences across the country. A […]

I am renting out a flat with a mortgage of £100k which has come to the end of it’s latest deal. I have another mortgage on the house I live in which is £200k and it’s worth £350k.  I have been doing some sums and it appears that if I take the £100k mortgage from […]

Would appreciate any help the forum could give me on the following … After searching google and searching your forums I am still none the wiser will regards to self assessment.  My wife and I bought our first rental property in January this year and first rented it out in March, we always knew we […]

A property I like is under offer by sealed bids, my question is; is there just the one chance to submit your offer and the agent takes the highest or do the agents come back to ask for further higher offers e.g. if there are several offers round about the same amount? In other words, […]

I have privately rented my house for 5 years now and landlord my originally told me I could stay here until December 2015 as she wasn’t selling house until then. However, she unexpectedly gave me notice to leave on 1st July with 2 months notice!  I have always paid my rent on time and I’m […]

I did wonder what a council’s view is with (say) universities who actively broker and refer students to local Landlord’s and then the LL then turns out to be an unlicensed HMO, this surely puts the Uni on the hook? So in the spirit of finding out I did some additional HMO research and this […]

Foreign owners of UK residential property face a new capital gains tax (CGT) if they sell after 6 April 2015.  Some property experts believe sales will rise ahead of this date, pushing up the supply of available London property this year. Has anyone seen evidence of this yet? Regards David

I’m looking for a reliable tenant vetting service.  Do you use these services to verify your tenants? What are the best services available? What is your experience with these services? What are the alternative tenant verification processes (bad tenant registers; guarantors; rent in advance? Thanks for your advice! Helen

I put down the reservation fee to buy a property on a re-assignment basis (i.e. I am buying the right to buy from somebody else; not directly from the builder). I do not have any problem in putting down the 10% required to exchange contracts however, at completion (expected to be December 2015) I will […]

Having recently acquired a property with a 75% Loan to Value mortgage, I had to pull down from the mortgage on my main residence to make up the other 25%. My question is can I deduct the interest only element of the 25% for tax purposes as well as on the 75% mortgage?  Thanks Brian

My mother lives in a retirement bungalow which is fully owned by her. I would like to buy it from her to remove it from her estate to reduce IHT tax and possible care home possession.  There is an age implication whereby someone living on the estate has to be 55, which I now am. […]

I have read up on this all over the internet and there are different pieces of advice!  Tenant is 2 months in arrears, his AST doesn’t run out until December 15th 2014. Can I do a section 8 or not? If not is it a Section 21 A? or B? We have been thrown out […]

At last the Government has agreed that every letting agent in England and Wales must join an authorised consumer redress scheme to ensure tenants and leaseholders have a straightforward option to hold their agents to account. The law comes into effect from today – 1st October 2014.  Any agent that fails to join one of […]

I am currently letting a 3 bed property to 2 reliable tenants. I wanted to cancel my contract with the letting agent as I recently relocated back to UK after being away for 12 years. They tell me due to the tenants having been found from their agency, I cannot cancel the contract until after […]

I’m thinking of entertaining the idea of getting my first BTL.  I’m mortgage free at my present home so by moving in with mother and renting my property this would give me a small income of around £450 / £475 a month. I want to get a 3 bedroom property and rent 2 of rooms […]

I have submitted a Planning Application to turn the basement of a 3 storey house into a self-contained flat.  Many others in the street have done so without any provision for extra Parking. The application has been approved subject to a condition under Policy AW5 that I create a hard-standing parking provision in the rear […]

Has anyone else heard about a group of small companies that are preparing a legal battle against West Brom for wrongly raising interest rates in the aftermath of the credit crunch? It would appear they cited “a market disruption clause” as the reason to lift rates that should have tracked the LIBOR rate. Their solicitors […]

Southwark Council have just published their proposals for additional and selective licensing. The consultation papers and response form can be found at http://www.southwark.gov.uk/talkrent. The proposal is for a scheme that is not generic in nature but focuses on the problems with the PRS market in Southwark. It is intended to be easy for landlords to […]