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  1. Today
  2. Yes, you do have to have a working ignition for the gas hob. Contact your landlord or LA or the company signing off the certificate. I refer you to my comment from June 6th 2009 above.
  3. Yesterday
  4. Well RL I usually view any consultation as a patronising warning. Maybe they occasionally fail although I can't think of any that have. Even if there is a more moderate 4 months enacted it is still very dangerous. As HB claimants learn that they can enjoy the 12 months of benefit before a LL can hoof 'em I feel that many will find the temptation irresistible. The plus side is that any Bailiff will be dragging a drunk and well soiled exhuman out for the Mortgage Co as I am unlikely to be around to clean up afterwards. I now have my licence to be a LL in Wales, time to read the conditions and understand the 173 notice. I'm feeling like my pension plan has finally been dashed on the Swelly rocks (that's the Menai Strait).
  5. We've just let our house, and moved into rented accommodation, so are both tenant and landlord. We've had the all clear on gas in both places, but in the house we are renting, the hob doesn't have a working ignition. Yet it passed the test, and did not get mentioned on the certificate. What's going on here then?!
  6. CoR you have my sympathy. I agree the new timing situation is totally ridiculous and will deter most people from becoming a residential landlord. On the basis of what's under consultation I wouldn't become a landlord in Wales......and I really love the place and want to move there eventually. Let's hope the consultation falls flat on its face.
  7. For information, the house of unintentional HMO cannot meet the Welsh licencing standards. For 5 occupants, same family or not, there needs to be a separate WC. Not possible. A shared bedroom must be at least 11m sq, 2 bedrooms not possible. The T has informed me that one child now resides with relatives for location of college reasons. another now resides with her boyfriend. I have requested he provide evidence to head off any inspection / investigation. So today I'm looking at when the S21 is taken from us. I don't see a definitive answer for England, for Wales it's already gone, it is now a 173 Notice. I've yet to understand if / what difference there may be. Further the Welsh ASSembly started consultation on 11 July 2019 with a view to amend a few things. Extending the notice period of the 173 from 2 months to 6 months is one part. Apparently the court proceedings following this take an average of 22 weeks. So a bady is there for 12 months or more after a LL decides enough is enough. I suggest that any smaller LL will have lost their own home by then as rents will likely cease when notice is served. And that also assumes the Court don't find fault or some defence. Does anyone else see the fashion of the LL being increasingly fair game for all?
  8. Last week
  9. True Morticia..........I have noticed that modern 1 bed flats in my location are very difficult to shift right now and some have been on the market for well over a year. 2 /3 bed terrace and semi's are selling but nowhere as quickly as they were 3 years ago.
  10. I can tell BTL is on the way down by the amount of 1 bed Barratt type homes on the market in my conurbation. These were the 'buy1 and let it' type of landlord who now find it too troublesome or had interest only mortgages. Most will make a CG but the prices are down by £40K. I've paid a load of mortgage off by selling some gold jewellery I decided I didn't like. - quite a relief to get rid actually. Using an accountant is well worth it I find and tax deductible. One of the staff there was telling me how even when you get through to HMRC the person you speak to has little knowledge and often they just hang up!
  11. I think the Daily Mail have it banged to rights about Gideon Osbourne and his killing off Buy to Let. I have a CGT liability for tax year 2019-20 and going through the HMRC paperwork guidelines ( as it was a 3 way partnership property sale) is not easy, in fact, I may have to pass this to a specialist accountant to sort out. Has anyone ever tried to phone HMRC recently? Good luck because I couldn't get hold of anyone last week to speak to.
  12. This weekend there was a good article in the Mail on Sunday about the tax changes introduced by former chancellor George Osbourne. It suggests the extra taxes over the last 4 yesrs may be killing off buy to let..... * The 3% stamp duty surcharge. * The end of the 10% discount for furnished lets. * From April 6th this year landlords cannot deduct mortgage interest as an expense. * Cancellation of additional allowances from April 6th for ' accidental landlords'. * Changes that require landlords to pay CGT within 30 days of a property sale......from April 6th. The Conservatives have pledged not to raise 3 key taxes.....income tax, VAT and National Insurance ......but they haven't said they won't make changes to CGT. There is speculation that this may rise in order for them to meet their spending pledges !
  13. Earlier
  14. Rent4sure do both insurance and refs.
  15. If they feel that uncomfortable about you seeing their bank statements then they would have to provide you with some form of financial statement of earnings and outgoings. You could offer to go through the statements in their presence and of course guarantee to them that you do not keep or retain any personal information once it has been viewed.......... or of course you could reject everything I have said and dismiss the applicant as an unwilling and to be a credit checked applicant and move onto the next suitable applicant. I have never had any problems with asking my tenants for 2 months bank statements..... and then returning them back to them.
  16. I’ve currently got rent guarantee cover with Directline but they don’t process credit references unfortunately. I’ve rejected one couple on affordability and have another couple interested but saying they find letting me see bank statements intrusive! Don’t want to shell out for checks and find they’re not suitable
  17. On dear Mortitia......get out of bed the wrong side today ? The OP asked for advice on two points..... Q1. Rent affordability calcs ? Q2. What companies do you recommend for credit checks ? I answered Q2 You answered Q1,
  18. Richlist always manages to evade the issue! Income per month from joint tenants, single or family must be 2.5 times the monthly rent - that is the calculation I use. You can include family allowance and other benefit payments in that figure if appropriate. Others may have a different system of working it out.
  19. I'd recommend a rent guarantee insurer that carries out the referencing of tenant applicants for you.
  20. I don't think anyone has mentioned...... 'get a home owning guarantor'......so I'll mention it. Or perhaps i'm I stating the bleeding obvious ?
  21. Thanks Grampa We never dried anything indoors,we bought a vented tumble dryer and installed it in the outer building right from the word go and the windows were always on security simply to minimize the constant smell of wet earth
  22. I agree with Melboy. Contact the environmental officer at your local council. The contact details can normally be found on the council website. They will likely come out with their damp meters etc and then contact your landlord with a list of jobs to do to rectify the problem. The downside for the landlord is once these wheels are in motion they cant kick out the tenant and could be liable for large fines if not complied with. Just make sure when the council come out your windows are cracked open a little, the heating is on and absolutely no clothes drying in the property.
  23. I understand for certain insurances you need to do this and if so try Rent4Sure who can do the ref checks and also offer a rental insurance policy if the tenants passes the criteria. However, as a agent I have never taken used these affordability calculations. We base our decision on good old references, bank statements, wage slips, previous landlord refs and a very detailed application form. Bank statements tell you a lot about a tenant and how they manage their finances. For a start if the tenants have rented previously what was the rent amount and was it paid on time which can be cross referenced against bank statements and payment dates. Are they living within their means or regularly going overdrawn? That alone will give you a good starting point to judge a tenant. Remember if something doesn't sound right during referencing it likely isn't right and if a tenant tries to push you at a pace you are not happy with there is normally a good reason for that and that isn't normally good for the landlord.
  24. I always do a few of my own calculations first before going to the credit check companies. First and foremost is affordability. Can the prospective tenant(s) afford to rent your property and that boils down to their annual salary. What employment are they in? How long? Next comes monthly outgoings. Debts? Car on finance? Maxed out credit cards? Any CCJ's outstanding? Paying out for partners & children from the past? The list goes on. Once you have done this preliminary check factor in Council tax and Utility Bills etc.. It's not just the rent that has to be affordable. I always give my prospective tenants a calculation sheet asking for the details and backed up with bank statements etc. for a start. Am I doing this correctly? I must be doing something right as I have not had any problems with tenants unaffordability of what they are renting in well over 20 years now. You get a "nose" for it in the long run. 😀
  25. With more than a tad of assistance from this forum I’ve rented two properties successfully and thank you for assistance thus far. I have only one rental now and have it on the market right now. Can I ask for advice on rent affordability calculations. For example if dad is the only earner with two kids and similar family with say one how do you factor this in? I’m using Openrent to advertise and have never undertaken credit checks on someone myself. What companies do you recommend and what information do I need? I’ve taken advice from forum and have rent and malicious damage insurances but they will only be valid if I do this correctly
  26. With more than a tad of assistance from this forum I’ve rented two properties successfully and thank you for assistance thus far. I have only one rental now and have it on the market right now. Can I ask for advice on rent affordability calculations. For example if dad is the only earner with two kids and similar family with say one how do you factor this in? I’m using Openrent to advertise and have never undertaken credit checks on someone myself. What companies do you recommend and what information do I need? I’ve taken advice from forum and have rent and malicious damage insurances but they will only be valid if I do this correctly
  27. Thanks Melboy,your a top man Really appreciate your time on this and i reacon you've given me the starting point i need. Thanks again
  28. No. The local council environmental /housing officer would deal with the whole matter on your behalf as the landlord ( your Brother) has failed in his duty of care to his tenant(s). Housing officer would issue a compliance work order and a time frame for the damp remedial work to be completed after an inspection of the property. The housing officer will also question you on how you live.... ie do you dry your washing in the radiators or do you keep a window open after showering / bathing etc. and the reason for asking this question is your damp problem a case on severe condensation. If the damp issue is really serious to a degree it is causing severe medical problems to tenants then there would be a closure order on the property until certified work & inspection has been been carried out.
  29. Martin it might have been good to start a new post as this one started back in 2009! Perhaps mods can do this now? Does the agent belong to ARLA, NAEA - if so contact them and report him. When did tenancy start and was agent supposed to inspect at regular intervals? How many inspections did he miss? This forms the basis of your case for the small claims court cos that is where you need to go not your insurer. Agent has not carried out his contract with you - sue for breach of contract or better try and get him to cough up funds to avoid you prosecuting him and the bad publicity that will kill his business stone dead.
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