9:56 AM, 11th November 2016, About 5 years ago 4
Long time reader of this great forum but unfortunately not having the time to contribute much, but hope that to change going forward.
A two part question really for myself who has been a landlord for 6-7 years, but never considered new builds/off plan properties.
A) Do people have any tips in regards to due diligence and specific questions to ask when looking at these sorts of properties outside of the obvious?
I have heard of horror stories where people have brought off plan with ridiculous increases in ground rent for example rendering the property worthless. But I’m sure there are a raft of due diligence I should perform in regards to the property and agent.
B) The Agents. A couple of properties I’m looking into are being marketed by Aspen Wolf and Parker Buchanan in Leeds. A simple google search on Aspen Wolf fills me with no confidence, talk about their developments not being on time, shoddy build and not following up on rental guarantees. What are peoples thoughts on going through these agents, any specific diligence, questions again?
Its quite annoying regarding B as the properties if build to spec and promises followed upon look really promising/attractive.
Look forward to an engaging discussion.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleTaxi drivers to lose tax relief on fuel in the Autumn Statement 2016
Next ArticleLeasehold Flat has a design fault - Who do I pursue?
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|