Page 787 – Property118

Advice on negotiating with other freeholder to develop the loft?

2nd September 2014

I’ve just exchanged on my first buy to let and it’s a purpose built maisonette. I’m upstairs and there’s another flat downstairs and we share the freehold. There’s a huge loft above my flat and I estimate that for around £70k – 90k I could build a 2 bedroom flat which would be worth around […]

Tips for ‘tenant proofing’ your property

2nd September 2014

I’ve just exchanged on my first Buy to Let and as I’ve got some work to do on the property in advance of letting it I thought I’d ask fellow members what tips they’ve acquired over the years for ‘tenant proofing’ their properties in the hope that I might incorporate some of the precautions at […]

European Central Bank may consider using Quantitative Easing

1st September 2014

The European Central Bank (ECB) is considering the use of Quantitative Easing (QE), or smaller scale asset purchase for the first time in an effort to avoid deflation. This is after figures showing European inflation at 0.3% a fall from 0.4% in July and a five year low. Mario Draghi, head of the ECB, has […]

Tenants rights following repossession order of rented property

1st September 2014

Urgent advice needed please. We are tenants of a property that has been served with a repossession order by the court, because our landlord hasn’t been paying his mortgage. Our rent is paid up until the 13th of this month and the possession is ordered to take place on 1st October. We have been excellent […]

Good Landlord, Bad Letting Agent

1st September 2014

My letting agent is now 4 months late paying any rent to myself.   The payments have never been on a regular basis, always different weeks but always paid and I thought “better the devil you know” rather than trying to find another agent and possibly paying a cancellation fee. Now after weeks of ringing […]

The Mortgage Works (TMW) Redemption figure – Help!

1st September 2014

We have five portfolio loan accounts with TMW. These five portfolio loans are held under one account number. We have a buyer on one our properties in the South of England and requested a release figure in June. TMW wrote and requested 16 internal valuations of properties we hold in the a North of England. […]

Tenant wants her daughter to move in

1st September 2014

I have a couple who are on an ongoing AST. They have been in the house for one year now and they have just said they want to have a daughter to stay from September to November. She is unemployed and is 21 years old.  I phoned the R L A for advice and I was informed […]

To buy a house with old uncertified loft conversion?

1st September 2014

I need some advice about buying a house with an uncertified loft conversion please.  It’s advertised as a 3-bed house with a “converted attic room used as the third bedroom”. It has been let for several years. The loft conversion was done before the current seller bought the house in 2007. I have asked for […]

Tenants praying for a new landlord to buy their London flat!

1st September 2014

We are a professional couple in quiet, untouched Rotherhithe and we are praying for a rental buyer of our landlord’s one bed garden maisonette. The interior is like new and it is in a popular residential area.  We’ve come to love this property  with all our hearts – so when our landlord announced he was […]

Window smashed in burglary – who pays?

1st September 2014

My son and his family moved into their rented house last week. This morning they were burgled; access gained by smashing a large window in the conservatory. My son does not want to tell his landlord (and see if his insurance will cover the cost of a new window) as he has just started a […]

My first BTL – capital repayment or interest only?

1st September 2014

I am aiming to buy my first rental property and am weighing up whether to use a capital repayment or interest only BTL. The first property will be circa £75k – £100k studio or 1 bedroom flat with an 85% BTL and my objective is to build a small portfolio of similar sized properties that […]

Tenancy Ended Abruptly

29th August 2014

We moved into an office within an office block about 4 years ago at the height of the recession. When we moved into the office we were told to occupy a smaller office until the one meant for us was ready. When our office was ready we moved in and when we asked for a […]

Parking £600K for a few months

29th August 2014

Someone has offered me about £600K for an unencumbered property. I’d happily sell now, but am too busy to buy anything new till at the earliest Jan or Feb. Any tips on where to get the best short term rate for such an amount while still being able to access the funds should I need […]

HMO licensing and absent freeholder

29th August 2014

I own a leasehold flat in North Wales, it is one of 3 self-contained leasehold flats in a converted house.  I have just received a letter from the council which says that the property needs to have a HMO licence otherwise I will not be able to continue rent it out. They say that it […]

Online Accelerated Posession

29th August 2014

Remains to be seen how this will work, but every little helps ……… https://gds.blog.gov.uk/2014/08/29/5-live-civil-claims-evict-a-tenant-using-accelerated-possession/ What are other members thoughts? Regards Lou

Recheck your PPI complaint

29th August 2014

2.5 million Payment Protection Insurance (PPI) complaints made between 2012 and 2013 are going to be reviewed by firms after the Financial Conduct Authority FCA has forced them to improve their procedures It is believed that complaints during this period may have been unfairly rejected or compensation paid too little. 70% of complaints taken to […]

Rent Arrears and New Landlord

29th August 2014

My flat was sold to a new landlord in July and my old landlord is querying one of my rent payments (saying I’ve missed one.) I have spoken to him and we are investigating this, however now my new landlord is demanding to see my bank statements since I first moved into the property to […]

Letting Agents are they right or wrong?

29th August 2014

With my work pensions lump sum we invested in some new build properties with mortgages to enhance our incomes. We got a local letting agents to let the properties and to manage. One of the new properties rented to a couple with two children, other than the first months rent, they started to pay late […]

Flat conversion and financing strategy

29th August 2014

Let me first take this opportunity to thank Mr Mark Alexander and team for creating this excellent encyclopaedia for landlords. I have decided to venture into converting house into flats. We are in process of converting a 3 bed semidetached house into 3 one bed flats. I have enough equity to cover this conversion. I […]

Wolfson Economics Prize finalists argue for garden cities

28th August 2014

The five finalists for the prestigious Wolfson Economics prize worth £250,000 for the winner, all argue the case for creating more garden cities to help solve the Uk’s housing crisis. Barton Willmore’s entry suggests creating four different types of garden city along with the greening of existing new towns. Up to 40 new garden cities […]

Silhouette of a man standing inside a large blue question mark, symbolizing uncertainty.

Section 21 (4) (a)

28th August 2014

I have served the above and I was wondering as there seems to be conflicting information… am I still able to accept rent during the two month notice period? Thanks  Peppy Donnelly