LandlordZONE

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Nov, 2014

Sunday

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  1. Why does a freeholder need to buy a copy of the...

    Why does a freeholder need to buy a copy of the lease when he has the "counter-part" which has the same wording as the actual lease ?
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    330

    There is an automatic 100 pds fine for late...

    There is an automatic 100 pds fine for late submission of SATR. You will be the one upset if you get such fine because you failed to inform the change of your address.
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    You really have to replace the boiler if the old...

    You really have to replace the boiler if the old one has failed the safety test- its not an option.

    A Report from gas engineer to confirm old boiler condemned will help you to show its a...
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    Living under constant stress can shorten your...

    Living under constant stress can shorten your life. So better to figure out if you can retire now or soon .

    How much income do you need for going into retirement ? What kind of rental income...
  5. Thread: Broker?

    by Gordon999
    Replies
    1
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    148

    Just go to your local Halifax branch and ask your...

    Just go to your local Halifax branch and ask your question or post it here .
  6. You should ask how is the service charge and...

    You should ask how is the service charge and annual buildings insurance split with the shop units ?

    Also ask what is the ground rent at start and when it is increased ? if it rises to double ...
  7. If you both lived in the property for 5 years ,...

    If you both lived in the property for 5 years , you are entitle to exemption for 5 years + 18 months after moving out. So 6.5 years out of 10 years will be exempt for cgt.

    So roughly 10 K out of...
  8. I think OP means repossessed by a mortgage...

    I think OP means repossessed by a mortgage lender.

    ( I would not buy any reprocessed property - sounds like a property condemned as unfit for living and being resold to a mug as fit property ).
  9. Response time by either side should be within 2...

    Response time by either side should be within 2 months from last letter. Enfranchisement is always difficult if one or two in the group can't raise the money for their contribution.
  10. You can get free advice and download free guides...

    You can get free advice and download free guides to many leasehold subjects including making application to FTT from LEASE ( Leasehold Advisory Service ) :
    ...
  11. Using the rough calculation method given in...

    Using the rough calculation method given in LZforum thread No. 11080 and latest GR at 580 p.a , I calculate the premium for statutory 90 years extension to be approx 28K.

    Your choice is ...
  12. A statutory lease extension of 90 years would...

    A statutory lease extension of 90 years would give a lease of 65 + 90 = 155 years at peppercorn ground rent ( Nil GR ). This is the best deal for the leaseholders having to extend their leases and...
  13. If you own property worth 700K now and getting...

    If you own property worth 700K now and getting 5% average yield , you would be collecting 35K p.a ( if no mortgage). On 35K rental income , you could probably retire now.

    The state pension is...
  14. If you buy under your own name and move in , the...

    If you buy under your own name and move in , the SDLT is only 4% and any capital gain is exempt for capital gains tax for the during of own residence.

    ...
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    I suggest you google search for a firm of...

    I suggest you google search for a firm of solicitors offering service to chase "ground rent and serviice charge arrears",
  16. Ground rent is payable by the leaseholder to the...

    Ground rent is payable by the leaseholder to the freeholder under a long term lease ( e. 99 years or 125 years term ) .

    If your tenant is paying weekly or monthly rent to you under an AST...
  17. Have you asked the other flat owner ?

    Have you asked the other flat owner ?
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    Beware of emails with attachment.

    Beware of "suspicious attachment" in emails from your friends and family members. I recently received an email with dropbox attachment from a friend and tried unsuccessfully to open the...
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    What does BM Solutions say ? Usually its...

    What does BM Solutions say ?

    Usually its better to have your home under a different mortgage company to ensure any payment default does not put your own home at risk.
  20. For your own property let at reduce rent, see...

    For your own property let at reduce rent, see hmrc guide :

    http://www.hmrc.gov.uk/manuals/pimmanual/pim2220.htm
  21. Your brother will have to report the rental...

    Your brother will have to report the rental profit from his house and be liable for tax. Have you contacted an accountant about this situation ?
  22. How many leasehold flats in your building and...

    How many leasehold flats in your building and what is the annual ground rent collected by the freeholder ? Its sometimes better to enfranchise first.
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    When buying property, what matters is location,...

    When buying property, what matters is location, location, location.

    Better to stay away from pubs, fish & chips or fried chicken shops , chineses takeaways, indian curry shops , petrol filling...
  24. The collapse of NR in 2007 was shocking . The...

    The collapse of NR in 2007 was shocking . The collapse of Bradford Bingley and RBOS in 2008 was shocking.
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    If you have lived in property for 15 years and...

    If you have lived in property for 15 years and only let for 1 year, then you are exempt for period of self occupation and have NO capital gains tax to pay.
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