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May, 2015

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  1. Another way to get 7.5% is buying a house in...

    Another way to get 7.5% is buying a house in Sheffield which is identified to offer high rental yields.
  2. Zilde, Better to start a new thread for...

    Zilde,

    Better to start a new thread for enfranchising 900+ years leasehold houses. Where is your house ? Manchester area ?

    If you are sure the ground rent is 5 pds for 900 years, you can...
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    OP should be asking the mortgage lenders if they...

    OP should be asking the mortgage lenders if they are willing to offer 85% loan based on his current earnings.

    Most lenders now have adopted very conservative lending policy and offer BTL...
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    Don't buy any flat under freehold title. The...

    Don't buy any flat under freehold title. The Council of Mortgage Lenders require flats to be covered by maintenance agreement or the flat will not qualify for a mortgage loan .
  5. First calculate how much tax at 40% on the rental...

    First calculate how much tax at 40% on the rental profit are you paying now ? If the rental surplus (profit) is 5K and your tax is 2k ( at 40%) , then shifting the tax to GF ( on 20% rate ) will...
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    You may also have to register with HMRC tax...

    You may also have to register with HMRC tax office as a non-resident .
  7. If you know the total ground rent income is going...

    If you know the total ground rent income is going to be 3000 pds per year and you want 6% return , then offer 50K for the freehold.

    If you want to have a higher 7.5% return , then offer 40K. ...
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    1. Flats are sold under leasehold title ( which...

    1. Flats are sold under leasehold title ( which is a long term rental agreement for 99 or 125 years when at the expiry of lease, the property has to be handed back to the freeholder). So avoid...
  9. If you have evidence to prove that you are...

    If you have evidence to prove that you are victim of a criminal offence under the Fraud Act 2006 , you should report the case details to the Police Station ( Commercial Fraud). If your local...
  10. You have to consider the situation where you...

    You have to consider the situation where you survived because you were in a neighbouhood bomb shelter when the rocket landed.
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    Late submission of filings to Companies House...

    Late submission of filings to Companies House will cost 150 pds ( 1-30 days late ) and 350 pds ( 60-90 days late ) so you need to submit the filing to CH before the cutoff date. . Our company was...
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    You are showing a lack of understanding of CGT...

    You are showing a lack of understanding of CGT system by asking if advantageous to avoid this tax.

    If you make a capital gain , you will be liable for CGT charged on the profit and first...
  13. With only 62 years remaining on your lease, the...

    With only 62 years remaining on your lease, the prospective buyer for your flat would not be able to get a mortgage to finance the purchase.

    So you need to offer the flat with a much longer lease....
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    Does this link show the form you are required...

    Does this link show the form you are required to submit ?

    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/374419/ct600-short-2008.pdf

    You can enter the(1) company...
  15. What does 30% extra cost for buildings insurance...

    What does 30% extra cost for buildings insurance on commercial property mean for you ?

    I think you must consult a charter surveyor for any arguments to get a reduction in your buildings...
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    this may help you: ...

    this may help you:

    http://www.lease-advice.org/publications/documents/document.asp?item=19
  17. You can search the records of past LVT judgements...

    You can search the records of past LVT judgements for appointment of manager at LEASE :

    http://www.lease-advice.org/lvtdecisions/
  18. A flat in London is much safer than a flat in...

    A flat in London is much safer than a flat in Tel Aviv which is within rocket range from aggressive neighbouring countries . A rocket lands in your street in Tel Aviv , what is the value of your...
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    You seem to be a "ltd company" with duties to...

    You seem to be a "ltd company" with duties to administer the service charge for your block of leasehold flats and your company does not trade with external parties for profit.

    If you go to...
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    If you are given a SA105 return ( used for...

    If you are given a SA105 return ( used for property income) to complete , then you will find the 2014 notes for SA105 says cash basis not accepted. So just comply to the latest rules set for you...
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    Try London and Country mortgage brokers - no...

    Try London and Country mortgage brokers - no charge to you.
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    Take a look at Allsops website.

    Take a look at Allsops website.
  23. Usually the managing agent can charge 100-200...

    Usually the managing agent can charge 100-200 pounds per flat or 300 pds in london. A few managing agents may charge 15% fees based on total spending.

    In most disputes on service charges , you...
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    The freehold valuation will depend on the total...

    The freehold valuation will depend on the total annual ground rent income and the unexpired years to the lease and current market value of the leasehold properties.

    A firm called Richard John...
  25. Yes, sell your leasehold flat if you feel its...

    Yes, sell your leasehold flat if you feel its service charge is unfair and buy a freehold house to live in.
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