Correct me if I'm wrong but the 120% ltv mortgages are for existing customers to be able to remortgage who are stuck in negative equity.

They are not for new customers or those transferring from...

Hi all!

I'm off on hols next week, so I'd like a couple of things to take with me.

Would you mind sharing with me your favourite BTL, property and investment reading?

I guess the more recent...

There's no tax, so no returns/accounts.

I suspect that he is using the oldest trick in the book in litigation.

In order to keep the £400 deposit for himself, he's deliberately given you a purported charge of over double that amount. He...

It is different because it's a simple/fast, non-technical task that can be done when the LL is next there, which he will be because he'll have to check in the next tenants and because he'll have to...

My view, for what it's worth, is that a court would not allow this cost at all. It would rule that you have a contract with a private btl landlord and that their costs are not chargeable.

They...

Thanks both

I agree that I should not be looking to take money out every 2 years, especially as the fees would probably offset any gain (apart from the "gain" of the refurb and, hopefully, buying...

Hello everyone again.

I'm progressing my planning for my 10 year plan to expand into property. By introduction, I have one BTL and my parents have three.

My plan is to remortgage my resi...

Thanks again! Now, just to be sure... I've had lodgers previously and I understand they have fewer rights than under an AST. In my case I was the owner, but I think that this would be the same if my...

Thank you all for your comments.

I agree that I can do nothing, but I like the tenant and I would prefer him to stay longer. If he doesn't get a tenant, he will struggle on until the year is up...

Thanks, makes sense to be water tight.

To answer the specfic question, you need to save more money to put down another 25% on another property, then repeat until you have more...

The ways to do this are:

- Buy property for less than...

Hi everyone.

I have a little query... I let my flat on an ast to two tenants. It's 12 months with a 6 month break. We are in month 7 now and no break notice was served.

One tenant ha advised...

No, I want to let it - so it's deposit money for another BTL.

They would be happy to declare the interest - we'd get to an interest figure that mutually benefited them and me. i.e. less than...

Thanks for your comments. I suspected that this would be the way to do it.

And how about the interest claimability?

Thank you KM.

Given that my resi mortgage would continue to be on a repayment basis, do I simply pro rate the interest?

eg. Mortgage now = £150k, I then release a further £50k. So at this point...

Hi everyone

I wonder if I could pick your collective brains on scenarios for their deductability and other issues:

1) Loan from parents
If I intend to borrow money from my parents fir a...

Thank you for the link. I had already looked at that for some general advice, but it's the question of what can be perceived to be discrimination.

Is it ok to say young pros, no DSS etc? Can I...

Thanks for your quick reply, LA.

I initially tried to be firm, but I wasn't sure really what my rights were even though I knew that I was the customer in all of this!

I will ensure that I am...

I am a relatively new landlord and would appreciate your collective wisdom about tenant finding, vetting etc

By way of introduction, I have rented out my flat twice now through letting agents on a...

With properties of under 150k and mortgages of 100k, annual interest is going to be 4 to 5.5 pc. Assuming you leveraged up to 70PCpc, you'd be getting the higher rates. Plus there will be legal fees...

Is this a leasehold flat? In which case you might not be able to have wood floor.

Toddlers + wood floor = major neighbour trouble!!

I use it once a year or 6mths or so to make sure that there's nothing silly on my account (credit agreements not in my name, incorrectly recorded missed payments etc).

So far, I've taken advantage...

I was one!

I'm an accountant and cannot stand the tax system, so I have no idea how non trained folk cope...

Am I missing something here?

1) Maintenance charges are paid - does this mean that these have been correctly addressed and, furthermore, is the landlord the same person as the managing agent? If...