My tenant of 5 yrs gave notice to me on 15th Jan. Her rent day was 30th of month and she gave her leaving date of 28th Feb. Tenant did not give written notice, she told me by phone, but I confirmed by letter that I had received her notice and her leaving date was... Read more
Properties on rudely named streets according to a new survey are worth on average £84,000 less than other streets in the same neighborhood. 60% said they would be put off buying a home with an unfortunate street name, this should be of serious consideration when purchasing any investment property. From Crotch Crescent to Minge Lane,... Read more
The post Buy to Let Warning – Name of street can affect capital appreciation appeared first on Property118.com.
I own the freehold to a residential property. The tenant occupies the property under the terms of a lease dated 27th May 1895. He has made structural alterations without landlords’ consent. I have checked my copy of the lease between us, and there no mention at all about seeking landlords’ consent for structural alterations. Before taking... Read more
I’m preparing some spreadsheets to identify which local properties might offer good returns on investment but I’m getting conflicting advice on how to calculate that return. I’ve been told that 8% is the minimum ROI, 10% is good, 12%+ great. However the calculations i’m getting from existing BTL investors, books and the interweb are conflicting.... Read more
I am exploring ways to share the wealth and minimise CGT and IHT I hold a profitable portfolio of some 18 investment properties… More than half were purchased in 1997. Most have appreciated in capital value. The rental stream gives a net profit in excess of £75,000 pa About two years ago I purchased a... Read more
I am in the process of purchasing a property, it is currently tenanted but the property is being sold with vacant possession. Given the age of the property (~ 110 years old) I have had a full building survey completed. Based on this I am looking to undertake the following works: Improve damp protection &... Read more
Could a private landlord put together a shared ownership scheme similar to those offered by Housing Associations? This question was raised by one of our members who came up with the idea of selling 10% of his property every year to one of his tenants. I explained that it would be incredibly difficult to make... Read more
Recently a Property118 reader remortgaged his own main residence using an Offset mortgage. It was valued at £700k and he capital raised a further £300k (bringing his mortgage to a new total of £450k). He then placed the £300,000 equity released in to the mortgage-linked offset savings account. By doing this he is still only... Read more
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I recently spent a lot of time exploring Property118 and reading new and past articles, and I have to say the site content and its member’s contributions are very impressive. I don’t know of another site that offers as much, or one wherein the members so readily help and support one another. When you combine... Read more
The post When death and taxation becomes the least of worries appeared first on Property118.com.
Dear Readers, If a tenant signs a tenancy surrender form (Deed of Surrender), but subsequently changes their mind and refuses to move out or return the keys, is the landlord legally allowed to change the locks and deny the tenant access? Would this then be in breach of the Protection from Eviction Act? Putting it... Read more
FCC Paragon has become the latest company to sign up to exhibit at the Property118.com Virtual Property Show. Securing the commitment of a well-established company such as FCC Paragon is an exciting development and just works to highlight why the Property118.com Virtual Property Show is the future for property trade shows. FCC Paragon was established... Read more
The post FCC Paragon to Exhibit at the Property118.com Virtual Property Show appeared first on Property118.com.