I’m asking this question for a friend of mine who is now having problems with tenants who have now left the property. My friend had work in Singapore for 6 months so rented out his flat. Everything was fine and he had a really good relationship with the tenants. What he failed to do was… Read more
The post Deposit scheme late from Singapore? appeared first on Property118.com.
If a tenant has been served a 14 day possession order to leave but you know they will not vacate can you escalate this to either the high court or directly to the bailiffs or do you have to wait for the 14 day period? If I used the escalated possession…
I have been advised not to supply any gardening equipment, including lawmowers, on health and safety grounds. We would be liable if the tenants hurt themselves on equipment we have supplied. Does everyone think this is correct? But what about cookers, kettles, toasters etc. If those health and safety grounds apply, shouldn’t kitchen equipment also… Read more
The post The difference between lawnmowers and toasters? appeared first on Property118.com.
Steve is on of my Consultancy clients. He will now be £47,454 better off in tax terms over the next 5 years with just a few simple tweaks to the ownership structure of his property portfolio. Not a bad return on two hours of Consultancy costing £400 including VAT is it? He owns 4 properties… Read more
The post Steve will save over £47,000 in tax appeared first on Property118.com.
There has been a lot of uniformed commentary, both on forums and in the National media, with regards to incorporation of property rental businesses and Beneficial Interest Company Trusts. This is inevitable given that landlords are so concerned with tax changes to mortgage interest relief and the popularity of tax planning solutions being promoted here… Read more
The post BICT Q&A appeared first on Property118.com.
I was going to build my portfolio and make it a full time job being a landlord, at least that was goal. Now I don’t know and need your advice. Then the budget stopped me in my tracks. I’d love to expand my portfolio, but I’m now unsure if it will be worth the effort…. Read more
The post Where do I go from here – It was going so well appeared first on Property118.com.
After 2 problem free years, my tenant has stopped paying the rent. I phoned, only to find the phone had been cut off. I emailed without reply. I went down there and it looks like the tenant has gone. The house seems empty although I am not 100% sure. I…
I have a property in Kent and have been having issues with my letting agent so I decided to change agent. The new letting agent doesn’t seem better. It took them a month to send me their Terms of Business and has started to charge their fees before I could see their terms. There are… Read more
The post Backing out of new agents fees? appeared first on Property118.com.
I created my property rental business back in March this year and currently only have 1 property in the business (I have one in my own name, but that’s irrelevant for now). I’ll be buying another 8 to 10 in the foreseeable future. I have an accountant and have followed all correct procedures etc. and… Read more
The post New property rental business and what costs can I deduct? appeared first on Property118.com.
With the correct planning it may well be possible for you to utilise legislation to restructure your property rental business without a requirement to refinance or to pay capital gains tax or stamp duty. There are a number of restructuring options you …
The Institute for Fiscal Studies (IFS) report written in February 2016 titled “The Effects of Taxes and Charges on Saving Incentives in the UK” countered the arguments used by the then Chancellor George Osborne to justify the introduction of Section 24 of the finance act 2015. Paul Johnson of The Institute of Fiscal Studies said… Read more
The post IFS report counters George Osborne’s justification of Section 24 appeared first on Property118.com.
One of my tenanted properties is occupied by my son and his wife. The property is conservatively valued at £250,000. He would like to buy it from my wife and me, but can get a mortgage for only £100,000. We are thinking of gifting the remaining £150,000 to them. How should we structure the ‘sale’… Read more
The post Partial gift of property to tenant who is also my son? appeared first on Property118.com.
I think it’s fair to say that the general consensus amongst mortgage professionals is that lenders still aren’t doing enough for older borrowers. At first glance you might look at most lenders looking to lend until age 80 as being quite accommodating, but as we start to work longer, live longer and need to borrow… Read more
The post Lending Into Retirement – Don’t assume age is a barrier appeared first on Property118.com.
My boyfriend and I have just moved to London and have found a room to rent in a flatshare. Being new to England I’m not sure of the legalities. We are dealing with a live out landlord, however he has given us a lodgers agreement to sign. From what I understand as he does not… Read more
The post Are we tenants or lodgers? appeared first on Property118.com.
I have a tenant on housing benefit that has handed in notice of 4 weeks even though she has 5 months to run on her fixed 6 months AST. If she moves out were do I stand. At the moment the council pays the benefit direct to me. Many thanks George
The pos…
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