Page 811 – Property118

What is the best way to sell a tenanted property?

14th February 2014

I have a property which I really need to sell. The trouble is, it is tenanted to a Housing Benefit tenant and I know this will make it difficult. If I went down the traditional Estate Agent route, viewings would be impossible and it would be difficult to arrange a survey for a potential buyer.  […]

Homeless Homeowner – the law supports lawlessness

14th February 2014

In an attempt to keep this brief, I have been renting my flat to my current tenants for almost 4 years. Last year I informed them that I will be needing the property. Their tenancy agreement was renewed but only for 6 months to which they agreed was enough time to sort out accommodation. The […]

BEWARE Of Guaranteed Rental Yields From Overseas Developers

13th February 2014

Every so often we get offers from companies promising guaranteed yields for investment in overseas properties or property developments. These are usually for one or two years, whether the property is rented out or not. This can be the case with UK property developments as well. Sometimes they even guarantee further investors down the road when you […]

Landlord tax planning – allocating property income to wife

13th February 2014

I am a 40% tax payer and rent out two properties. To minimize my tax bill I want to allocate some of the income from the properties to my wife who is currently not earning and so has her full tax free allowance. I have two residential mortgages on the properties as I previously lived […]

DCLG

DCLG review of property conditions in the PRS

13th February 2014

This Department for Communities and Local Government DCLG discussion document considers what more can be done and how best to tackle rogue landlords, without negatively impacting on the good ones. This is the first stage of the review and comments are invited before the 21st March. Please note these are not policy or legal changes […]

Storm damage – guttering on neighbouring property

13th February 2014

Hi all, I wonder if any of the more legally minded here could help… The house next door to one of my renters appears to be vacant, maybe going through probate I’m not sure.. Several roof slates have slipped from their roof at the rear and have lodged in the guttering pushing it away from […]

Tracker Rate Campaign Requests More Landlord Association Support

13th February 2014

The background to the Tracker Rate Campaign is that at least two mortgage lenders have used ambiguities within consumer protection legislation to increase their profit margins on some of their tracker rate mortgage products for both homeowners and small buy to let landlords. For example:- 12,200 Bank of Ireland mortgage accounts whereby a mixture of […]

Anybody know about grants for central heating and windows?

12th February 2014

I have a property which was converted in to flats twenty years ago but the conversion stopped before any heating was put in. There isn’t any hot water or heating in either flat so is it possible to get a grant to install boilers, and would it also be possible to get a grant for […]

Late tenancy deposit protection fines

11th February 2014

I spoke to someone on the NLA helpline this morning who told me that the law is unambiguous – landlords registering deposits later than one month after receipt are liable to be sued for three times the deposit amount. Looking online, I am unable to find definitive reference to this, and, most importantly, how are […]

Immigration Minister resigns for employing an illegal immigrant

10th February 2014

Mark Harper the Immigration Minister who took the Immigration Bill through Parliament in autumn 2013 has resigned for continuing to employ his cleaner when she no longer had a right to reside in the country. The Immigration Bill which was hotly debated on Property118 requires Landlords to carry out reasonable checks and take copies of […]

Rental restriction placed in title deeds

10th February 2014

In 2012, I bought my first house from Places for People – long story short, I am now looking to move in with my girlfriend to her house and rent my property out. Therein lies the problem. In my Title Deeds, Places for People have included a restriction that states that I may not rent […]

My tenant stabbed his wife and trashed my property

10th February 2014

I have joint tenants who signed a 12 month assured shorthold tenancy agreement. They have been in the property nearly five months. They have always been late paying their rent and have not paid this months rent. A few days ago I had a call from a neighbour to say the Police had been there and arrested […]

Raise the Roof – Are Shelter listening to landlords at long last?

10th February 2014

According to SpareRoom.co.uk there are around 15 million spare rooms in the UK. Letting just 10% of these could go a long way towards solving the UK housing crisis. Against this backdrop I was delighted to read today that housing charity Shelter are supporting a campaign by SpareRoom.co.uk to increase the “Rent A Room” tax […]

Data Protection for Landlords and Tenants

10th February 2014

How does the Data Protection Act apply when it comes to landlords and tenants details ? With regard to the utilities, I have always notified the gas, electric and water suppliers and council tax office to advise them I will no longer be responsible and I have new tenants. They have always asked who they are, and […]

Unfair contract terms in proposed tenancy agreement

7th February 2014

Hello All, I’m hoping someone can maybe help me. I’ve recently moved to Brighton, where the property market is very buoyant. I am moving into a property next week with a Letting Agency. There are some (what I consider to be) very OTT clauses in the agreement, and I’m wondering if anyone knows if they […]

Nationwide scraps remortgages for Buy to Let !!!

7th February 2014

In an announcement that seems to make no sense, the Nationwide who own their own Buy to Let arm “The Mortgage Works”, have said they will no longer accept remortgage applications from Nationwide customers where the purpose of an increased loan is buying investment property. A Nationwide spokeswomen said, “as part of Nationwide’s move to […]

High-end refurbishment Buy to Let project

7th February 2014

Sponsored Article :- Currently in construction and 85% sold out, Trinity Church has been designed as a high-end refurbishment project, which will comprise of 82 luxurious apartments, set over three buildings. Offering an assured rental yield of 9% for the first two years and within walking distance of the city centre, shops, restaurants and amenities, […]

Tax issues for expats transferring property to an overseas company

6th February 2014

I am an expat, renting out my former residence in the UK. I am considering ‘donating’ the property to an off-shore company in my name. This is because CGT for expats is under review. I would do a ‘donation’ as opposed to outright sale because the country I reside in right now has global taxation […]

Tracker Rate Campaign – Briefing Notes for MP’s

6th February 2014

Conduct of Mortgage Lenders Having been lobbied heavily by their constituents Jason McCartney and David Morris are both delighted with the cross party support of EDM976 regarding the Conduct of Mortgage lenders, there are 39 signatories as of 6th February 2014 – see http://www.parliament.uk/edm/2013-14/976 The background to this is that at least two mortgage lenders […]

Property118 Sponsor wins PTFS Buy to Let Mortgage firm of the Year

5th February 2014

Personal Touch Financial Services Ltd (PTFS), one of the UK’s largest financial services network, has singled out Property118 sponsor H D Consultants to be the winner of the coveted ‘Buy To Let Mortgage Firm of the Year, 2013’ award at a Gala Dinner and Awards ceremony attended by hundreds of finance professionals, advisers, lenders and […]