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Gross Rent £5,767
Management Fees £291
Service Charge £132
Ground Rent £500
Net Income £4,844
Assured net rental of 9% per annum for the first 3 years
• Receive rental income from the occupied studio, paid
monthly or quarterly into your chosen bank account…
• …or choose a managed service provider to manage your
studio and ensure a regular monthly return
• All studios are within 5-star luxury facilities with care
provided by an experienced CQC-regulated operator
Gross Rent £8,670
Management Fees £520.20
Service Charge £1138.06
Ground Rent £350
Net Income £6,728.01
Service Charge £1200
Ground Rent £25 annually
The introduction of Universal Credit has been a hot topic for the various landlord forums over the past few months. Universal Credit is replacing the myriad of benefits currently available and replacing it with one single all-encompassing payment.
We rented our property to tenants when moving overseas six years ago and have never missed a payment. Intelligent Finance, our mortgage provider, charged an extra 1% on our mortgage as a risk premium under the terms of our mortgage.
The post Penalised …
I just received my service charge demand/invoice, where there is “Annual Notice of Subletting Fee” of £90+VAT, without any communication or my request. The management company does know that I’m letting out the flat, which is fair enough.
The post Annual Notice of Subletting Fee £90+VAT without any communication? appeared first on Property118.