I plan to buy a house as a buy-to-let investment. The sellers have asked if they can continue to stay at the property (and pay rent) for a couple of months while some work is carried out at the house they are buying. I have no problem with this as I pl…
In the last three months of 2016 HMRC earned £519 million extra from the 3% surcharge payable on Stamp Duty for second homes. This was from the purchase of 62,800 second homes in Q4 up from 56,200 in Q3 and 30,400 in Q2 2016 with the total revenue take amounting to £1.19 billion. In an… Read more
The post HMRC rake in £1.19 billion in Stamp Duty Surcharge appeared first on Property118.com.
Furness for Intermediaries has launched a regulated “family” Buy to Let 5 year fixed rate product. A regulated family BTL is where it is your intention now or in the future to have a close family member live in the property. This includes in the horizontal family tree plane Brothers and Sisters and in the… Read more
The post Regulated “family” Buy to Let product launched appeared first on Property118.com.
I was thinking about Section 24 and the news that Hammond recently commented that if we could replace the revenue expected from S24 he would consider its repeal. Revenue from S24 is due to be £665m/yr after the 4 year implementation, so I got my thinking cap on. I came up with a 2% rental… Read more
The post A better alternative to S24? appeared first on Property118.com.
I have paid hundreds of pounds in council tax in the last 12 months on empty properties. Mainly between tenants, when the properties have needed extensive work. My requests for exemptions more than 1 – 3 months have fallen on deaf ears and most recently I had a tenant who asked if he could sign… Read more
The post Fighting unfair Council tax on empty properties? appeared first on Property118.com.
I have been reading this website for a while and found it extremely helpful! So I was hoping someone can may be point me to the right direction. I have an end-of-terrace ex-local authority house in outer-west London. Next to it there is a piece of land which is not used by anyone except that… Read more
The post Buying a little extra land from council for my garden – Who do I contact? appeared first on Property118.com.
Ok, some background on the Tenant (single lady), been in the property 8 years, claims housing benefit which is paid direct to herself, never missed a payment (in fact notify’s me every month when the payment has been made), basically the perfect tenant. So on the 28th Dec she informs me that she was admitted… Read more
The post Seriously ill Tenant’s Status appeared first on Property118.com.
I have a tenant who has been served a section 21 at end October ’16 (contract expired 31/12/16) but still refuses to budge. My landlord Gas Certificate (CP12) expires shortly. Obviously without a landlords gas certificate, if the boiler is continued to be used, I’m in deep trouble if anything were to happen (CO poisoning… Read more
The post Unwanted tenant – can I turn of electricity and gas? appeared first on Property118.com.
My tenant has asked for her chimney to be swept as soot has blown down onto her new carpet during a very windy spell. The property has full gas central heating, but also has a gas fire which the tenant had installed at her own expense before I acquired…
I bought my first house 35 years ago and since then have bought (and sold) houses in the region of 20 times. In each of these transactions I have had to ‘instruct’ solicitors to do the necessary legal work. Looking back to the early days, the time frame for selling or purchasing a property usually… Read more
The post Conveyancing – Are things so much better than they used to be? appeared first on Property118.com.
LettingSupermarket.com have come up with a innovative new way to persuade landlords to switch their management to them. The deal is; if you swap to them, and for any reason you’re not entirely happy, you can leave within three months and have a full refund of all fees paid. They also say that you can leave… Read more
The post Property Management Transfers – Total Satisfaction Guarantee appeared first on Property118.com.
In an article for the Northamptonshire Telegraph Councillor James Burton was reported as below: “The problem is one that has affected councils across the country, and Cllr James Burton (Con, All Saints) says it is not one members are taking lightly. He said: “Homelessness is happening throughout the country, not just in Kettering. It is a… Read more
The post The real reason why landlords are now going to be forced to evict tenants appeared first on Property118.com.
Historically, there were two key things that could cripple a landlord financially; rent arrears (where the tenant does not pay rent on time) and void periods (when a property is empty). Now however, there is also a third caveat that landlords need to take into consideration – cuts in mortgage interest tax relief. Mortgage tax… Read more
The post Avoid the Voids! appeared first on Property118.com.
I’m not good with numbers. I’m an illustrator!! But I am also a desperate illustrator (many of us are). I can’t afford to live in my own home despite all the part time jobs I do and the books I publish. I live in a beautiful place by the sea, expensive, much in demand from tourists,… Read more
The post Capital gains maize!! appeared first on Property118.com.
Hi All I am a new member to Property 118. I am an Investor building high yield property portfolios in the North of England primarily the North West. Like most Landlords I have been concerned at the trend of Government policy. I am not an economist or a…
info@gracecharlesinvestments.com
of Norwich City Football Club