This article serves as a warning to all landlords who haven’t put Lasting Powers of Attorney in place. What a coincidence given my recent articles on Property118! Last week saw me visit three nursing homes following “we know it’s been left late, but can you now arrange LPAs for….” type calls from the families. I admit... Read more
I have two apartments bought a the top of the market which now have £30k negative equity. With mortgages, ground rent and service charges etc. I’m losing £100 each property every month. I have 10 years left on the mortgages. Should I just hope for the best? Thanks Mark
Did you know that commercial lenders have three main categories of manager called Hunters, Farmers and Retailers? This is very relevant if your business is dependent upon knowing which commercial lenders are hungry for business. Before I explain, please allow me to introduce myself. My name is Cliff Verrill, I’m a commercial finance broker and previously worked... Read more
We are trying to get a gas supply to a cottage and a flat. The flat is above, and at the back, of a shop and they are both accessed via an alleyway between two shops, and a courtyard. We own the alley way and the courtyard. Having researched on line it seems that if... Read more
We used a Letting Agency to source a tenant, the criteria was a working person, suitable for insurance to secure the rent monies, and that referencing materials to be passed to us prior to the tenancy so that any queries, if any, raised by us, could be addressed. Tenant actually took occupation just before Christmas... Read more
The post Referencing Agencies – Letting Agents – Duty of Care appeared first on Property118.com.
If you were only able to join either the NLA or the RLA, who which would you choose and why? I appreciate this is slightly subjective as different people will want different things from these landlords associations but I just wondered what peoples thoughts were and what they thought in particular differentiated them, if at... Read more
Hi Folks, I curently have one property and am advising my sister who has become an accidental landlord. My mum keeps sticking her oar in to the debate regarding speculation that tax relief on mortgage intertest will be reduced or withdrawn. I can find loads articles related to last years budget but the subject seems... Read more
The post Tax Relief on BTL Mortgage Interest – Will It Last? appeared first on Property118.com.
Hi all, I really need your help with a one bedroom flat I am interested in. It is located in South East London, SE6 1NA. This may be my first buy-to-let property, and I am not really sure of how to proceed or if I should even proceed, honestly. Here are some facts about the... Read more
Mydeposits is hosting introductory courses for letting agents in order to help them better deal with their tenant’s deposit disputes. The informative, hands-on seminars will provide letting agent professionals with a deeper understanding of the alternative dispute resolution (ADR) process and will be delivered by experienced adjudicators. ADR is offered to letting agents and tenants... Read more
The post Deposit dispute handling courses available for Letting Agents appeared first on Property118.com.
Belem Tower is a luxury development with rental yields from 10.33% and prices from £79,044. There are 1, 2 and 3 bedroom apartments available in Sefton Park offering stunning panoramic views across the Park, the River Mersey and the distant Welsh Hills. Also benefiting from having a central location, Belem is only 10 minutes from... Read more
The post Luxury Buy to Let apartments – Belem Tower Liverpool appeared first on Property118.com.
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
The post Offset mortgage can provide instant access war chests for Buy to Let investors appeared first on Property118.com.
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