Readers Question

Tenancy Renewal Fees

Tenancy Renewal Fees...

I’m renewing my tenancy, same price, just an extension. My tenancy agreement states that I have to pay the agent £69.60 including VAT towards the cost of any renewal document created for any extension...

Damage to property

Damage to property...

My ex partner leased a house from 2009 until 2012 he then had an affair and left, during our relationship he was violent and caused damage to the property. I had nowhere else to go and with 3 small children...

Negative equity advice wanted

Negative equity advice wanted...

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...

Extortionate quote for a new gas supply

Extortionate quote for a new gas supply...

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.

Referencing Agencies – Letting Agents – Duty of Care

Referencing Agencies – Letting Agents – Duty of Care...

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...

NLA or RLA – which is better?

NLA or RLA – which is better?

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...

Tax Relief on BTL Mortgage Interest – Will It Last?

Tax Relief on BTL Mortgage Interest – Will It Last?

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...

HELP! My 1st buy-to-let?

HELP! My 1st buy-to-let?

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...

Tenant stops cheque after leaving property

Tenant stops cheque after leaving property...

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...

Can my leasehold tenant do that?

Can my leasehold tenant do that?

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...

ROI calculation, which do you use?

ROI calculation, which do you use?

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...

Sharing The Wealth – Minimising CGT and IHT

Sharing The Wealth – Minimising CGT and IHT...

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...

Expense or Capital Costs

Expense or Capital Costs...

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...

Deed of Surrender – Landlord and Tenant Q&A

Deed of Surrender – Landlord and Tenant Q&A...

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...

Council Demands Landlord’s Contact Details From Tenants – Threatens A Fine For Non Compliance

Council Demands Landlord’s Contact Details From Tenants...

One of our long-time tenants in the London Borough of Hackney (who is up to date with their Council Tax) received the email below last week. It refers to “Regulation 3 of the Council Tax (Administration...

Unable to find tenants or pay mortgage – advice requested please

Unable to find tenants or pay mortgage – advice requested...

I have two properties in the North East of England both in serious negative equity, and on interest only mortgages. The vehicle that was in place to pay these off (within the next 4 years) has collapsed...

Wilful damage being caused by my tenant

Wilful damage being caused by my tenant...

I recently bought a 3 bedroom property off another landlord with an existing tenant who has been there for seven years seven years. I created a new tenancy for 12 months to give the tenant some peace of...

Do I need written permission from tenant for access to flat?

Do I need written permission from tenant for access to flat?

My tenants are working during day, so have verbally agreed that I will meet gas engineer there to allow him access for annual gas check.  All perfectly logical and amicable – except it has taken...

Buy to let deposit

Buy to let deposit...

I would like to ask why lenders require buy to let landlords to have a 25% deposit whereas residential borrowers only 10%? I would assume, if both a BTL landlord and residential purchaser defaulted, it...

Mortgage company will not allow me to let

Mortgage company will not allow me to let...

The plan is to move in with my partner and let this flat out, but Halifax are very reluctant. Their attitude is unhelpful, dismissive, and borderline contemptuous. They don’t even seem interested...

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Wednesday 15th August 2012

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