I am keen to hear more experienced Landlords view on their exit strategy’s. The reason I am thinking about this now is that it is time to refinance a couple of HMO property’s that I purchased with cash (property’s were not mortgageable). I am now 41 so have plenty of years left to obtain mortgages […]

I have just cleaned up my act, paid my debts and now got 2 jobs earning avg £2500 a month and living with my mum! Now – I want to get into property development. Build my own buy to let portfolio! I can only save £10, 000 a year. looking at the figures, in order […]

I rent out a property which belonged to my mother before she died. It is a 3 bed semi with an enclosed (multi-point) central heating system. My agent insists I have a Legionella report done on the property. Do I really need one, they have threatened to terminate my contract if I don’t have it […]

So back in 2011 I use to take 2 months rent in advance and no official deposit. With this particular tenant this is what I did. 6 months passed and I renewed the tenancy with a new 6month AST. By this time I had realised that I should be properly registering a deposit and keeping […]

With the UK continuing to recover from the losses suffered during the recession, the Property Development industry is currently seeing one of its fastest growing times. The demand for property has significantly risen in the first half of the year with construction of over 100,000 properties commenced in the first half of 2014. There are […]

I purchased a flat to let a couple years ago. We have had the same tenant in for the full period. Although there have been several months of late payments, he has generally not been a problem. He has always suffered with kidney problems and this has left out of work on occassions, hence the […]

Well my agent and I have been well and truly had. I’m a portfolio landlord and builder, and have just finished extensive renovation of a 2 bed terrace locally. Due to poor health I instructed a local agent friend to source me tenants and we chose very a plausible and presentable Polish working couple. They […]

I might have to sell my house because Newham council won’t let me let it to a group of professional sharers. It’s too expensive and large for most families (agents suggest 2k pcm) and Newham council have said they are not granting any more planning permission for change of use, which I have to have […]

It has been announced that the Nat West and RBS group will be tightening their Buy to Let mortgage criteria even further. They will be limiting their loan to income ratio to 4.99. The move became effective as from the 14th July and this criteria change follows on the heels of a recent reduction in […]

My tenant has a serious drink problem and has damaged the flat so badly it has caused a serious Health and Safety issue. The power points are hanging off the wall, the kitchen has evidence of a messy hob top fire and there is mold everywhere from lack of ventilation. On top of this I […]

I have a vague idea at the back of my mind that the council will give me more information about my LHA tenants if I get the to fill in and sign a form. Anyone know what its called – or am I dreaming? Cheers Allan

There comes a time for all parents to think “When are they going to leave home?” There also comes a time when all offspring think “When could I leave home?” and “Will bank of mum and dad help me?” The obvious answer for the Buy to Let Portfolio owner is “I’ll buy them a property […]

The historic city of Chester is the perfect location for our next student accommodation development Chronicle House and offers circa 8.52% assured NET rental returns for 2 years. Each self-contained studio apartment is fully furnished to the highest of standards. Students will also have access to a range of communal facilities including a fully-equipped gymnasium, […]

If you are buying a commercial property to house your business it can be a difficult to know what is the best way of purchasing it. Do you buy it yourself and rent to the company, or buy it in your business or pension scheme? Which ever way you purchase the property you would think […]

More and more local authorities are introducing selective licensing (SL), claiming a correlation with anti social behaviour (ASB) and/or low rental demand – these are currently the only reasons that councils are allowed to use to introduce selective licensing. The Local Government Association (LGA) are simultaneously campaigning for the right for local authorities to be […]

I was talking to Tony Sheldon at LettingSupermarket.com this morning about the increasing number of landlords who are being forced into evicting perfect tenants as the only way to get out of a contract they have with their letting agents.  Tony explained that he has conversations with landlords on a daily basis who are so […]

I am just about to serve a section 21 on my tenants who have gone from an AST, to a periodic tenancy. I changed the dates of payment for rent to the 1st day of each month; this was to give the tenants some breathing space with regards payment of rent. After giving them three […]

I’ve just bought a new property which we would like to make our personal residence but in the interim requires a large amount of work. As a result we are living elsewhere whilst the works are carried out.   During the works it is likely that we will rent out a portion of the house, […]

I have just been told that heat detectors are now a requirement in rental properties in Scotland and that smoke detectors are required in more rooms now.  I have been unable to find any new legislation on this matter. Could someone please advise me on the legality of this and where to find the said […]

After almost a year, I finally obtained a possession order, with the agreement of the tenant, that they will move out and hand the property back to me on 11th August. the property will require redecorating, and some minor repairs before the next tenant moves in. However, I do not expect the tenant to move […]

The boiler in my flat leaked into the flat below in May. My tenant rang and told me the owner from downstairs that water was leaking into her flat. As he is in the building trade, he kindly mended it straight away.  Two weeks later another owner  downstairs sent photos of her mouldy ceiling. It looks like it […]