SDLT Exemption For Partnerships At Incorporation
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Why does the exemption only apply to partnerships? Property118 Limited has raised this very important issue with HMRC in an open latter dated 28th June 2017, the content of which reads as follows: This request for clarification is a follow up to our letter dated 20th June which requested clarification of the circumstances by which… Read more
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Reminder about Smoke Alarms
Fire Alarms: Here we outline the requirements of the Smoke and Carbon Monoxide Alarm (England) Regulations 2015 and remind landlords and agents of the importance of meeting these requirements on every let property, alarms properly installed and documented. On 1 October 2015, the law changed regarding smoke and carbon monoxide (CO) detectors. From that date, landlords […]
… LandlordZONE.
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Off plan completion due soon but will the cladding comply with fire regs?
I bought a 4th floor flat off plan in 2014 which is scheduled for completion at year end 2017. In view of the cladding issues I am wondering if the cladding will be compatible with current fire regulation thinking? Does the local authority need to sign off on the building before I pay the o/s… Read more
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Landlords urged to check white goods
The RLA is advising members to check white goods in the wake of the devastating blaze in London’s Grenfell Tower. The Metropolitan Police Service’s statement confirmed a Hotpoint FF175BP fridge freezer has been identified as the initial source of the blaze, and the government has ordered an immediate examination of the unit by technical experts […]
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Sir Thomas House BTL in Liverpool will captivate students
Sir Thomas House is enviably located in central Liverpool close to many university campuses, prices for units in this student accommodation development start from £75,000. A rental income of 8.4% for two years is assured. This is an eye-catching development is in the best city centre location. The grand arches and period façade are distinguishable… Read more
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Reinstall an old coin meter modified for new £1 and risk a £5,000 fine
Many landlords are still using coin sub-meters to charge tenants for gas and electricity. These will not work after 15 October 2017 when old pound coins cease to be legal tender, and many landlords and agents might be tempted to remove the old meters to modify them. However, the legislation changed in October 2016 and… Read more
The post Reinstall an old coin meter modified for new £1 and risk a £5,000 fine appeared first on Property118.com.
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My biggest bugbear when letting property
Viewings: I’ve just come back from a viewing where the prospective tenant didn’t show up. We only arranged it over the phone yesterday and I always follow this up with an e-mail confirmation too. Unfortunately, like in many service industries, this is a part of the course when letting properties. But, is there a way […]
… LandlordZONE.
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Rent increase procedure with no clause in AST?
I have discussed an increase in rent with one of my tenants. They have verbally agreed (and are indeed very happy as they thought the increase would be more!) This particular tenant has been with me for 5 years and I have not increased the rent during that time. There is no clause relating to… Read more
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Are Limited Company Buy to Let Mortgages worth it?
Before I start, please don’t confuse me with the other more knowledgeable and financially astute Neil Patterson on this forum! I can see the merits of holding property in a limited company given the changes to the tax treatment of mortgage interest. However, I’m hitting a problem in practice. I’ve recently remortgaged a property held… Read more
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Shelter’s Close Connections with Cladding Company…
Breaking News: Two of Shelter’s senior board members have quit following the dreadful Grenfell Tower fire and the deaths of more than 79 people. Shelter’s Chairman Sir Derek Myers and a trustee Tony Rice resigned suddenly after criticism and internal misgivings over the charity’s muted response to the disaster. As the tower fire incident escalates […]
… LandlordZONE.
View Full Article: Shelter’s Close Connections with Cladding Company…
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