LandlordZONE

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Oct, 2014

Friday

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  1. All sounds like a very strange setup, I suggest...

    All sounds like a very strange setup, I suggest you seek professional advice before proceeding with this idea...
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    King_Maker, For the avoidance of doubt I...

    King_Maker,

    For the avoidance of doubt I assume you are referring to "property trading" in the world of HMRC.

    The distinction in the eyes of HMRC is always your 'intention' - did you intent to...
  3. You might consider it more tax efficient to let...

    You might consider it more tax efficient to let the property for 6/12 months (if you can?) before replacing old fixings and fitting with the modern equivalent...

    Assuming it's not overly...
  4. We need to be careful about the advice given on...

    We need to be careful about the advice given on the site in my opinion.

    My understanding is that HMRC draw 2 'lines in the sand' in relation to property,:

    - Property investor -> generally...
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    Evening, It doesn't matter about the original...

    Evening,

    It doesn't matter about the original cost or date assuming it was your primary property until Dec 2011?

    Assuming it was you have loads of relief and no CGT will be payable.

    Happy...
  6. What would you do? Foreign national tenant application

    Morning guys,

    I'm just looking for a bit of advice on how you would handle a tenant application for someone who is on secondment from their employer in Saudi Arabia studying for a PHD in a local...
  7. As stated above, decent mortgage broker will sort...

    As stated above, decent mortgage broker will sort this no problem



    Yes :)



    Not specifically but lenders often seem to like you to own your own home but as per first question mortgage...
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    This is an interesting point. Has the tenancy...

    This is an interesting point. Has the tenancy actually ended? Have you taken procession back?
  9. As stated above, LL is responsible for repair...

    As stated above, LL is responsible for repair unless you can prove the tenant has damaged silicone...

    Good luck with that.
  10. Replies
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    Green/sage kitchen

    Evening,

    Am remodelling current home which in next few years will be rented out. Wife wants a sage (pale green/grey) kitchen but I'm not sure if it's a bit 'personalised' for future tenants and...
  11. Replies
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    Evening, I fit Worcester Bosch combi's in my...

    Evening,

    I fit Worcester Bosch combi's in my rentals and would always recommend them.

    The 24i junior should be enough for your house - I also use mixer valves for showers to avoid the added...
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    Evening, Do you still own the rental property...

    Evening,

    Do you still own the rental property outright? Are you a UK taxpayer? If so you will be liable for income tax on all profit.

    If you remortgage the rental house even to pay off your...
  13. Requirement for 24 hour contact details

    Morning all,

    Just wondering if there is a legal requirement to provide Tenants with a 24 hour means of contacting in case of emergency and if so where the details are of such a requirement?
    ...
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    Thanks for your reply. ...

    Thanks for your reply.

    http://www.legislation.gov.uk/ukpga/1985/70

    Here is section 11 of the Landlord and Tenant Act 1985 which related to the repair of items owned by the Landlord:

    If a...
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    Please be more specific if you can? No but...

    Please be more specific if you can?



    No but don't see the relevance?
  16. Replies
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    Yes the T is a good friend of the family and...

    Yes the T is a good friend of the family and asked for my advice knowing that I own and manage a number of rental properties in the area.

    And yes the alarm is now fully operational.
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    Thanks Paul - was starting to doubt myself after...

    Thanks Paul - was starting to doubt myself after the rest of the responses! :)
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    Already answered in #5 and second part in post #11

    Already answered in #5 and second part in post #11
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    Thanks for your reply, do you have a reference...

    Thanks for your reply, do you have a reference for your washing machine example?

    I indirectly answered your question but stating that no instructions/details of the alarm were provided so at 2am...
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    I disagree completely, the alarm is hard wired...

    I disagree completely, the alarm is hard wired and fed of the mains. It's most certainly a fixture of the building and thus the LL is responsible in my opinion.

    I don't see it as any different to...
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    Perhaps worth also noting that no instructions or...

    Perhaps worth also noting that no instructions or details on how to deal with problems with the alarm have been supplied by the LA/LL.
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    Evening all, Thanks for your replies, there...

    Evening all,

    Thanks for your replies, there was a fault with the backup battery according to the repair man (I wasn't there so don't have the information first hand). Either way it's a job...
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    Alarm call out charges

    Morning all,

    Quick charge related question... Here are the key facts:

    1) Alarm working on the inventory
    2) Alarm faulty in night (kept going off)
    3) LA closed and no 24 hour number for LL or...
  24. Where abouts are you based? Also, just to...

    Where abouts are you based?

    Also, just to confirm, you have zero income? Why do you think any lender would want to lend to you?
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    Welcome to the forum, as Paul mentioned this...

    Welcome to the forum, as Paul mentioned this topic has been discussed as length.

    That said, ARLA have an online search function which you can put in the postcode and they will tell you who are...
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