Puzzler

How is the deposit ever going to be enough to cover arrears caused by rent increase unless you're just talking about a couple of months?... Read More

AirBnB or other short let system is likely to be a breach of the lease or a lot of work for a few months.... Read More

How many units in the block?... Read More

You each instruct solicitors and they will take care of everything else. Use a decent one not a panel conveyancer.

With regard to the letting agent getting a sales commission, even if this is in the contract (and it often still is), unless it's something you have negotiated separately (which you most likely have not), this clause is not enforceable - after Foxtons [2009].... Read More

@judith - there is no mention that this is a landlord, seems likely to be an owner-occupier... Read More

@judith - there is no mention that this is a landlord, seems likely to be an owner-occupie... Read More

Of course it will come up with something similar to your own material as most of the information available has been prepared by you, it is no more than a sophisticated search engine/ predictive text tool, there is no magical insight. Likewise other articles may have been used for other versions... Read More

This thread has been revived after almost a year so I would be interested to hear the current situation from the original poster.... Read More

1, RMCs don't usually have managing directors, they may have a chairman. Unless you mean you were actively managing.
2. If that was the case how come you were not party to the expenditure?
3.They should not have removed you unless you had failed to act in the interests of the company or to attend meetings for six months which they could engineer by not inviting you, however you could be voted out at the next re-election which requires a general meeting
4. If you're not a director there is no obligation to provide you with the minutes.

Difficult to add anything else without knowing a bit more about the company... Read More

You need to check the conditions, I have one with Precise and it does preclude family members even though it is a ltd co. The co doesn't have relations but the loan is guaranteed by you... Read More

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Solicitor or professional agent... Read More

I tried this and the bank where I held the account would not agree. An SPV is non-trading and must never have traded (cf. dormant).

Maybe you can set up a new bank account with another bank but let me know if you succeed... Read More

Yes it is a home and likely your principal one as you may spend more time there. However that is moot, you definitely have two.... Read More

Tessa's site is excellent and gives a lot of information gratis. However to avoid pitfalls, I recommend joining... Read More

EPCs are a very poor guide to energy efficiency and Payprop presumably has a vested interest as it provides software for letting agents... Read More

All my lets go periodic and are inspected every six months... Read More

They don't need the borrower's consent... Read More

Hairdryer or hot air gun.
Alternatively go out and come back some hours later leaving towels around the base
Seriously, it's not fair on your child to expect them to manage a rental. It could also cause ill-feeling between the students if they are seen as their landlord
Amongst other things, in Wales you have to give six months notice... Read More

If you don't want the work, employ an agent. You'll have to do it in four months time anyway. Yes the tenant is liable until the end of the fixed term but the courts do not look favourably on landlords who do not accept a reasonable offer to cover costs and make no attempt to re-let the property. Once re-let or potentially re-let the former tenant is not liable. In the current market it will re-let quickly so you don't have a case... Read More