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How we restructured to become debt free and super tax efficient

How we restructured to become debt free and super tax efficient...

On paper, my spouse and I were worth £3,000,000 but the reality was that we had no savings, no money whatsoever to live on after paying our tax bills, and this was despite having rental income of £300,000...

16:02 PM, 9th June 2023, About A year ago |  14

Capital Gains TaxLandlord Tax PlanningLatest ArticlesReaders Questions
Court fee for an accelerated possession claim?

Court fee for an accelerated possession claim?

Hello, Can anyone tell me what the court fee is for an accelerated possession claim? I’ve googled this and am getting different amounts listed for court fee! Can someone enlighten me? This is for...

0:03 AM, 8th June 2023, About A year ago |  4

Latest ArticlesReaders QuestionsTenant Eviction
How to help long-time tenant that can’t afford rent?

How to help long-time tenant that can’t afford rent?

So imagine this scenario you have a tenant that’s been with you for five years. Always paid rent on time, no problems, keeps the place well – the ideal tenant. BUT NOW the tenant’s maintenance...

0:01 AM, 8th June 2023, About A year ago |  22

AdviceLandlord NewsLatest ArticlesReaders QuestionsTenant Eviction
Renting to a prospective purchaser?

Renting to a prospective purchaser?

Hi all, I am in the process of selling my mother’s house, which is empty and have had a prospective buyer since March. However, there have been some problems regarding the sale and this has caused the...

0:08 AM, 6th June 2023, About 2 years ago |  25

Latest ArticlesLettings & ManagementReaders Questions
Out of date EPC causing problems with repossession?

Out of date EPC causing problems with repossession?

Hi, I’ve just had this in a letter from our letting agents… “Renewing your EPC isn’t legally required at this point, however, there have been cases where courts have queried an out-of-date EPC...

0:07 AM, 6th June 2023, About 2 years ago |  23

EPCLatest ArticlesReaders QuestionsTenant Eviction
Entryphone system – permission needed?

Entryphone system – permission needed?

Hello, A friend of mine lives in a block of three flats. The communal front door does not have any locking system which seems unbelievable to me these days. She and one of the other owners would like...

0:03 AM, 6th June 2023, About 2 years ago |  1

Latest ArticlesLettings & ManagementReaders Questions
Skylights repair project?

Skylights repair project?

Hello, I have a Victorian building that is three storeys and has eight flats and was converted many decades ago.  The building has three skylights on the roof, which is the ceiling (flat roof) for two...

9:38 AM, 5th June 2023, About 2 years ago |  4

AdviceLandlord NewsLatest ArticlesReaders Questions
Management Co’s long-term use of our parking space, without our knowledge?

Management Co’s long-term use of our parking space, without...

Hello, We own a leasehold flat with a designated parking space in an underground car park. The property has been let out to the same tenant for 13 years. They never used the parking space and we never...

9:30 AM, 5th June 2023, About 2 years ago |  10

Latest ArticlesLettings & ManagementReaders Questions
Can’t find someone to lend on a freehold flat?

Can’t find someone to lend on a freehold flat?

Hello, last September I purchased the second flat in a converted Victorian house for which I already owned the first flat and the freehold. For whatever reason, I was obliged to merge the leasehold on...

9:19 AM, 5th June 2023, About 2 years ago |  26

AdviceBuy to Let NewsLandlord NewsLatest ArticlesProperty Investment StrategiesReaders Questions
Will selling up be a mandatory ground in the Renters’ Reform Bill?

Will selling up be a mandatory ground in the Renters’ Reform...

Hello, will selling up be a mandatory ground in the Renters’ Reform Bill? Like others, I was concerned that while the white paper mentioned a new mandatory ground for persistent rent arrears the...

9:35 AM, 1st June 2023, About 2 years ago |  18

Landlord NewsLatest ArticlesReaders QuestionsRenters Reform BillTenant Eviction
Can letting agent increase fees without agreement?

Can letting agent increase fees without agreement?

Hello, I have a property which is rented out via a letting agent with full management service. The current agreement was signed by both parties in 2018 with a monthly % management service fee and fixed...

0:03 AM, 1st June 2023, About 2 years ago |  5

Landlord NewsLatest ArticlesLettingLettings & ManagementReaders Questions
Electrical installation condition report?

Electrical installation condition report?

Hello, 99% of landlords have an Electrical Installation Conditions Report (EICR) in place, which determines the electrical condition of the property’s electrics. However, I am still going into properties...

0:01 AM, 1st June 2023, About 2 years ago |  20

Landlord NewsLatest ArticlesReaders Questions
Borrowing for UK Buy to Let as an expat?

Borrowing for UK Buy to Let as an expat?

Hi all, I am in the process of moving abroad. My income from overseas would be considerably larger and I was planning to invest it into Buy to Let in the UK. The broker I usually speak to practically said...

8:36 AM, 31st May 2023, About 2 years ago |  5

Buy to Let NewsLatest ArticlesReaders Questions
Lease extension premium?

Lease extension premium?

Hello, I am in process of selling a 1 bed flat and need to extend the lease. The lease has approx. 53 years to run. The flat is valued at around £170,000. The lessor has proposed a premium of around £28,000...

0:02 AM, 31st May 2023, About 2 years ago |  12

Latest ArticlesLettings & ManagementReaders Questions
Legal disclaimer to use trampoline?

Legal disclaimer to use trampoline?

Hello, We rent an annex to our property, which has access to our garden. It is not possible to block this, but we have always had a verbal agreement with tenants that they have use of a private fenced...

9:16 AM, 30th May 2023, About 2 years ago |  0

Latest ArticlesLettings & ManagementReaders Questions
Carpet moths – who is responsible?

Carpet moths – who is responsible?

Hi, I have a tenant that has been here for about nine years. I replaced all the carpets throughout the property a couple of years ago and he replaced the kitchen flooring with laminate. He has just messaged...

9:16 AM, 30th May 2023, About 2 years ago |  8

Landlord NewsLatest ArticlesReaders Questions
EPC work cost £8k and property is still a D! Missold air source heat pump

EPC work cost £8k and property is still a D! Missold air source...

Hello, I had a heat source air pump salesman visit 3 properties. My case was very clear – I’m only doing the work if it’ll make the EPC move from a D to a C – otherwise its pointless.

9:08 AM, 30th May 2023, About 2 years ago |  69

EPCLatest ArticlesLettings & ManagementReaders Questions
How to select a managing agent?

How to select a managing agent?

Hello, We wish to obtain quotes from managing agents to take over the management of our small block of 7 flats. I have obtained a list of 5 agents who operate in our area but only one of them is ARMA accredited.

9:43 AM, 24th May 2023, About 2 years ago |  0

Latest ArticlesLettings & ManagementReaders Questions
Section 13 rent increase?

Section 13 rent increase?

Hello, What can you do when a tenant just ignores a Section 13? If he/she takes it to a Tribunal then you have to abide by the judgement. When it is just ignored, is the initiation of a Section 21 eviction...

0:05 AM, 24th May 2023, About 2 years ago |  14

Latest ArticlesLettings & ManagementReaders Questions
Superior landlords – the Thieves of Variation?

Superior landlords – the Thieves of Variation?

Hello, As a reasonably large portfolio landlord, we had been caught out by the ‘Doubling Ground Rent’ clause in numerous leases for a multitude of apartments. These clauses make the property un-mortgageable...

0:01 AM, 24th May 2023, About 2 years ago |  6

Latest ArticlesLettings & ManagementReaders Questions

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