Page 850 – Property118

How long does it take for a tenant eviction?

20th August 2013

This all depends on how obstinate your tenant is, at Landlord Action 61% of the time, when we serve a Section 8 Notice for rent arrears (14 day notice) or section 21 Notice (2 month’s notice) ending the tenancy, the tenants will vacate the property.  If they ignore the notice served, then the landlord will […]

Retaliatory Eviction – Unlicensed HMO

20th August 2013

In a similar situation to the excellent discussion on Retaliatory Eviction, I can report that I have encountered similar practices in an unlicensed HMO. The situation is in some ways worsened by the fact that the four tenants involved were teenagers (2nd year university students) at the time that the 1 year AST was entered […]

One student tenant wants to replace another on an existing tenancy

20th August 2013

Our student property is currently rented under a 12 month tenancy starting 1.8.2013 for 12 months.   One of the students, who has signed the above tenancy (and is guaranteed by her parents) has decided not to go ahead with her postgraduate course (and move to Australia) but has found a friend who wants to […]

Locating the highest yielding locations for buy to let

20th August 2013

As a relative newcomer to buy to let investment, but a seasoned hand at web development, I decided to build a website that would help me find the highest yielding areas of the UK. The result of this is http://www.dontbettolet.com.  By leveraging Zoopla’s property data, the site compares the average rent versus asking prices in […]

Buy to Let Mortgage system

Buy to Let mortgage products and criteria – market update

20th August 2013

After updating and writing the article on our Buy to Let mortgage sourcing system and calculator I thought I would give readers an update of what is still available and popular in the market. You can find all these products on our system and get a quote (CLICK HERE), but many people ask me what […]

Guarantee for natural void periods?

19th August 2013

I’m sure I’ve heard a radio advert recently from a letting agent that was offering a type of rent guarantee, not sure if was insurance backed or not. And I can’t remember the name of the agent, so I can’t check on their website.  Has anyone come across this? I’m sure it said that even […]

Freehold – to buy or not to buy – and HOW?

19th August 2013

I am new to this forum and also reliability new to being a landlord so bear with me.  I say I am new to being a landlord by that I mean I only have one property but have had it for some years now. What I would like to know is… Is it worth buying […]

Buy to Let Mortgage sourcing system and calculator

Our own Buy to Let Mortgage sourcing system and calculator

19th August 2013

I have just finished updating all the products on our own in house Buy to Let Mortgage sourcing system and calculator. This takes quite a bit of time, but it is definitely worth it and I wanted share with readers what it can do as it is our own in house design specifically based around […]

Tenant gave us notice but now refuses to move out!

19th August 2013

Our tenant sent a message by text on 16 July to say she had found another property and wanted to move in about a months time.  I started viewings on the property and the current tenant suggested a moving date of 25 August. Our new tenants were due to move in 1 September and have […]

Is the section 21 notice now a risk?

19th August 2013

Under Section 21 of the Housing Act 1988, once an Assured Shorthold Tenancy (AST) agreement has come to an end, a landlord has the legal right to recover possession of their property should they wish.  A landlord wishing to re-gain possession of a property is required to serve a Section 21 Notice to tenants. They […]

Rightmove house price index

Rightmove report holiday season price drop

19th August 2013

Rightmove report a drop in August of 1.8% (-£4,459) in new sellers’ asking prices, which is the first monthly fall recorded in 2013. However the recovering market means the traditional holiday season price dip is less pronounced than usual as the underlying recovery in the housing market continues, with the price of property coming to […]

Reclaiming Vat on refurbished property

17th August 2013

I have been absorbing VAT on my refurbished property, about 18 so far over the last four years.  I’m considering a very large building to convert into flats and houses so the VAT will be considerable amount of money. My accountant has said it maybe possible to register for VAT but I will also have to […]

Planning deferred s106 until CIL came in

17th August 2013

I own a block of flats, in Borough of Brent. In June 2012 I got a planning consent to add one more floor (2 flats) in the block of flats, conditional on signing a legal agreement (Section 106 agreement) . My Solicitors requested the Brent Legal Department, to forward them a draft S106 agreement. After […]

Ex-girlfriend refusing to move out

16th August 2013

I am the tenant of a one-bedroom flat. I moved in almost two years ago. I have a one-year fixed term tenancy which was renewed about ten months ago. My girlfriend who I have now broken up with moved in with me. She didn’t pay towards the rent and bills for almost a year due […]

Problem with freehold management company

16th August 2013

We’ve got a problem with the Freeholder re Ground Rent and Service charge on a rental property we have in Docklands. Any advice much appreciated!  They allegedly sent an invoice a few months ago. We didn’t receive this, but did receive a letter from a debt collection agency, together with Interest Charges and other fees. […]

Financial help with living costs whilst building up a property business

16th August 2013

I resigned from my job a few months ago to concentrate on renovating property with my partner. Our existing handful of rental properties generate enough income to pay their mortgages plus our residential mortgage. My partner also runs an online retail business but is finding it hard to cover all of our living costs.  I […]

Switching Letting Agents

16th August 2013

We currently rent our property through a letting agency; however the service provided has been nothing short of appalling.  We have no issues with the current tenants but we want to understand whether we can switch letting agents and retain the current Tenants? The Tenants have signed the letting agreement with the current Agency but […]

Joint tenants or single tenant plus lodger?

16th August 2013

I am buying an apartment to rent to my daughter and her friend.  Is it better to have them as joint tenants or have my daughter as my sole tenant with her friend being her lodger? Would the advice be any different if my daughter advertised for someone to share the apartment rather than sharing […]

How ADR works in tenancy deposit disputes

15th August 2013

After sharing in discussions on two separate threads (links below) I realise that there is some misunderstanding about how Tenancy Deposit legislation works when there is a tenancy deposit dispute.  Buy to let anguish – landlord being repossessed – rent paid 6 months up front! Tenant Disappeared In the first discussion the tenant is concerned […]

Tenant Disappeared

15th August 2013

Hi, hope I am in the correct place!!  I rent out a flat using a letting Agent. I should just like to know the legal position regarding the tenant’s deposit? Tenant left owing 1 months rent, and had removed existing vertical blinds. Tenant does not respond to emails, phone calls, etc. Can I now claim […]