Readers Question

Until when is a tenant responsible for their share of the bills?

Until when is a tenant responsible for their share of the bills?

I wonder if anyone could give me their thoughts on what should be a blindingly obvious question. I have 6 students in my HMO each on a individual tenancy, and one has just emailed to give me her notice.

Council Tax Liability Order Imposed without my knowledge!

Council Tax Liability Order Imposed without my knowledge!

I’d like an opinion on how to proceed please with brief details as follows: I rent out a property in Swindon, where following the departure of the tenants, the property stood empty for a month. I...

Selling house – looking to invest

Selling house – looking to invest...

Hi would be interested in any thoughts on the following. I split with my partner 2 years ago and the situation at present is as follows … She lives in our house (joint interest only £250K mortgage)...

To sell or not to sell?

To sell or not to sell?

First of all thank you for all your suggestions and opinions. I have a property in negative equity, which I don’t live in, in a different area of country to where I am now located. I owe the mortgage...

How should I deal with a down valuation?

How should I deal with a down valuation?

I operate in what I think is fairly straightforward way; buy a distressed property, add value, get a valuation, mortgage and then buy the next. Recently I finished a 3 bed semi that I paid £60,000 for,

Freehold Managing Agent Refuses to Handover Records

Freehold Managing Agent Refuses to Handover Records...

I have become involved in a dispute with Freehold Managing Agents and seek advice from 118 readers. The base of the scenario is a residential housing estate where each property owner is a shareholder...

Would you invest in Manchester or London property?

Would you invest in Manchester or London property?

Hi again Quick question – I have raised equity through remortgaging my main residence. I have about £80-100K. I have the option of buying two or three flats in Manchester apparently 10% lower than...

Converting to a 12 month tenancy agreement

Converting to a 12 month tenancy agreement...

Hi Mark, This is my first property and the initial 6 month tenancy agreement is finishing at the end of this month. As a newbie I am wondering if there is anything I should be aware of or actioning before...

Letting agents vetting systems

Letting agents vetting systems...

I use letting agent to find my tenants and have recently used one of the big companies in my area. They found a tenant and carried out the vetting and paperwork etc, since the tenant moved in he hasn’t...

Energy efficiency – why should landlords care?

Energy efficiency – why should landlords care?

Does undertaking energy efficiency of rental stock helps to increase income?  Is there any established research on this subject? Why should I undertake this work, even if a few of these measures are free?

VIRGIN property investor needs advice

VIRGIN property investor needs advice...

VIRGIN investor needs help (male sorry lol) – 6 questions incl – Always get new fixed BTL mortgages? And if so for 1,2,or 5 years? Always interest only? And other VERY important questions –...

How do I get the best return on my property?

How do I get the best return on my property?

Scenario: I rent a terraced property, may consider selling in future, currently I overpay on mortgage to reduce the amount owed. Point 1; I was told that having a mortgage on a property wasn’t actually...

Should I sell my under-performing property and invest better?

Should I sell my under-performing property and invest better?

I own a purpose-built first floor flat in a block of just 8 in St Albans, two bedrooms, 1 en-suite. It was purchased in 2001 for £140k. It is rented for £800 but the mortgage, which is BTL interest only...

Capital Gains Tax Mitigation Question

Capital Gains Tax Mitigation Question...

One of our properties becomes vacant next month and I am very tempted to sell it. It has at least £50k equity in it and would nicely fund some opportunities in 2014 without affect our cash flow too much.

Will A Hazard Awareness Notice in a HMO affect Value?

Will A Hazard Awareness Notice in a HMO affect Value?

I have a five bedroom house which I have just made 6 bedroom with a loft conversion, making it a licenseable HMO. It is classed as a shared house, with one tenancy agreement. All work has building regs...

Council demanding £9,000 for change of use from guest house to HMO

Council demanding £9,000 for change of use from guest house...

I would be grateful for your advice on the following HMO application matter. I am in the process of applying for a HMO licence for a 7 bed house which my son shares with his friends. They are all post...

Student Let Gone Wrong – Advice Required

Student Let Gone Wrong – Advice Required...

I have a foreign student and his partner who started living in my property in September. He is a student at the local university and is repeating his first year, for which he attended a different university...

Regulated buy to let – affordability check for tenants?

Regulated buy to let – affordability check for tenants?

I own a property on a residential mortgage. I am in the process of acquiring another property on a residential mortgage and I am looking to convert my existing mortgage into a regulated buy to let so that...

Please help me with my BTL dilemma

Please help me with my BTL dilemma...

This is my first question and will not be the last so please treat me easy. I am trying to venture into the BTL market. We have our home (mortgaged) and saving of about 20K. I playfully pressed buttons...

Leap of faith or road to disaster?

Leap of faith or road to disaster?

I’m teetering on the edge. I have played it safe all my life and now want to do something for my son’s future. I have properties with no mortgage that I use for retirement income. Do I wait...

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Wednesday 15th August 2012

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