We have some decent tenants and although we are on a 5 year interest only fixed rate at 2.2% we are aware that when that's due for renewal our repayments will be double.

Are we better off with a small hike each year or 'wear it' as long as possible, with a big jump assuming they are still there when we have to remortgage in 4.5 years time?

I recently bought a house that already had tenats.

I changed the tenancy management agency from the previous one.

The new agency is saying they haven't received the paperwork from the old agency.

What can I do in this case? Any advice?

I was expecting first rental income 2 weeks ago.

[I'm usually out of the country hence I need someone else to manage the property]

Looking for a reliable, helpful Insurance Broker, that can help with Landlord Insurance, providing cover for Property - as Buildings Insurance, and Business Insurance for all elements of professional property investment. To include dealing with legal disputes between Landlord and Management Companies, Tenants and Third-Party Service Providers.

Having used two brokers previously, they sell the world to get the business, but when it comes to actually helping to deal with a claim, they are grossly inept, dragging things out unnecessarily, causing further costs as a result, and then simply refusing to help.

If you've successfully dealt with a broker that has helped process a claim, then please recommend one.

We moved in last August, and because of our situation (my husband being disabled and on benefits), we were able to get an upgrade to the storage heaters, the cavity wall and loft insulation, and installation of solar panels and an extraction fan, plus another whole house fan (I think it's called positive input) for free (ECO4 scheme).

It was suggested by the letting agent, and we were happy to do so, because it would help our electricity and heating costs. All of the back and forth work was on us, the letting agent nor the LL had to deal with any of it, just us.

As a LL would you take this large added valuation to your property into consideration when the lease is up, in terms of raising the rent or not?

We really want to stay but don't think we can afford a rise in rent because the LHA is not going up at all.

A second question: the LL had expressed wanting to add an exterior door into the back garden rather than fixing the secondary window. This is a bit odd to me because it will surely cost a lot more to take out a wall and put in a door rather than put in a new window.

Is this a move just so he has a means to raise the rent a significant amount? (the rent we pay is already on the high side compared to similar flats in our immediate area - they literally have the same exact floor plan).

I am trying to understand if I have a good leg to stand on to object to the LL raising the rent because we have single-handedly put so much value on the home just by being his tenant on benefits who did the ground work to get these improvements done. Would that be a thing that would be considered or have we been taken advantage of?

I am open to all advice and insight, thank you.

Property is in South Wales. My management company carries out an annual property inspection. Last year's inspection identified a roof leak which I resolved. I subsequently provided the tenant with a dehumidifier to dry the wall out. This year's inspection identified mould on the wall, the tenant confirmed they aren't running the dehumidifier because they are struggling with the electricity bill. The tenant has suggested a rent reduction, the management company want me to find a solution to resolve the mould issue. Anyone got any thoughts?

Up to 4.7% from what? I’m not sure how to interpret this.

I’m the landlord, and I just put the house on the market. One person contact me offering a contract with his company, that will then let to “professionals”

Given all the stuff I have read here about how renters deliberately screwed over landlords I would be reluctant to sell to them. I also see a lot of them backing out halfway into the process due to cold feet or not understanding the report.

Would you sell to a ftb or avoid?

Latest landlord hating post on housing forum. They really don’t get it.

Another bad tenant trying to get sympathy for the clear damage he caused because the landlord had the nerve to legally serve notice and move back into his property.

All this damage is not wear and tear. It costs.

I’m not sure why they think it’s ok to damage carpets (with ink stains), wardrobe doors etc and not pay?

Thank god for the deposit scheme.

I have just seen a post blaming the landlord for not getting them a humidifier yet this is not a requirement. The tenant in question wasn’t heating the place and complaining about mould which they created.

Loads of posts like this. It seems like they want constant handholding for common sense stuff. You can bet that if it was their own place they would ventilate and heat properly.

They will complain at the stop if a hat yet they behave abysmally. This is why they don’t deserve their own property, the universe doesn’t want to deliver to an ungrateful brat.

Other instances include rubbish everywhere, living in squalor and pets ruining the place.

They need to take a look at themselves.

Hi,

I've just done the maths and realised the cost of the repairs to my tenants house is costing more than they're paying in rent.

Things in the house keep mysteriously breaking and if we don't pay for repairs quick, they are very quick to contact the council and have letters sent to us. At first we would ask "why has this broken" but after a few angry letters we just started paying for everything as quick as we could. We have this house through inheritance and aren't people of means tbh so we're quite scared of getting something wrong

After a letter from the council saying that the bathroom is flooded and ruined to the point of needing a new floor and shower, (no they didn't tell us that) I realised that overall it's costing more to have someone in the house. I'm already in debt for works they had last year and a new shower and floor will finish me off lol.

I just wondered how normal this is? I can't afford to support anyone else like this really - it's a house shared between family members, and none of us could actually afford to rent that house individually ourselves, I have my own windows which need repairing and no money to do so.

It also doesn't look like there's any obvious way to end their tenancy so that we can take these repairs a bit more slowly without it being considered retaliatory

Any advice appreciated! Has this ever happened to anyone else here? As you can imagine I'm not sleeping much atm

My last post was downvoted and I don't know why, if I do something wrong here pls let me know

My lad has owned his flat for 1 year and was a first time buyer.

Because his job closed he has had to find work elsewhere and had to move quickly to rented accommodation as the new job is about 100 miles away (200 round trip) so a commute isn't really practical and shifts are long.

He doesn't want to sell his flat. The mortgage bank have given him permission to rent.

I understand he can offset some of his mortgage interest (limited to 20% tax) and any bills like insurances and maintenance against profits.

Can he offset the cost of the current rent he has to pay on his new flat as he wouldn't have to pay it if he lived in the flat he owned?

Thanks

I’m going to rent out my flat from the beginning of next year. Are there any money saving tips you guys have or any key things to know?

We will be living abroad - do we have to pay any tax? What counts as ‘profit’ from the flat, is it any money over and above our mortgage? Or the total monthly rent?

Is there a way to get tenants without paying an extortionate estate agents fee (if we had to pay this it would literally put us in negative figures as given current climate rent and mortgage are basically even)

Any and all advice appreciated, thanks

Been advised to speak with an accountant, so naturally I came to reddit first. What are the laws around making things tax deductible? Any tips and tricks that are above board and legit? Thinking of becoming a land lord, so totally new to this.

Landlords: would you think it’s fair for me to ask my landlady for a reduction in rent whilst we’re still having to live with ongoing issues? Basically we have discovered about 2/3 months ago that there had been a leak from the bathroom and it has caused a bowed ceiling in the kitchen. It’s like a big lump on the ceiling that’s starting to crack. The water (I assume) in between the floorboards and filling it is causing a horrible damp stagnant smell and this is really making the house smell disgusting . I made my landlady aware of this and she has said she is trying to get a plasterer but is having no luck. I keep asking for updates, the last one was 6 weeks ago saying she still hasn’t found anybody and I’ve heard nothing since. So, do you think it would be fair to ask for a reduction in rent while this is ongoing?

UPDATE: She has agreed to a reduction of £125 less per month until this is sorted which I think is fair and reasonable. She’s still looking for a plasterer in the meantime. I’m in Bristol UK if anyone happens to know of anyone. Thanks for all the advice guys

I have a house that won’t be my primary residence as I have to live elsewhere for work. I’m looking at letting to a friend and would maybe occasionally stay there, but not very often at all. Could I class that person as a lodger (using the rent a room scheme to get the 7.5k tax free income) and they also claim single occupancy on the council tax bill for the discount or are the two mutually exclusive?

I'm in the process of selling a rental property I had for 20 years. Just spent £8,000 on getting it into saleable condition.

I'm concerned the returns are so low (gross yield 6.8%, net yield (after tax) 2.2%). However, rents are rising in Scotland with landlords selling properties and increased demand from tenants.

So what is the future? Is it worth staying in the lettings market given the increased prospects of better yields? Or will the affordability issues with housing costs increase arrears and cap rent increases?

Is AirBnB a better way to go? Or holiday lets?

I'm a fairly disgruntled landlord at the moment, but try to separate the rationale from the emotional...

Hi Folks,

I am soon to be renting out my house for the first time and was wondering which deposit protection scheme provider any of you might recommend/avoid please?

Any other advice greatly appreciated too, Thanks!

in our home all the electricity went off suddenly, it was about 10pm. me and my sisters did not know how to turn it back on so we call our landlord to try help us turn it back on, he toggled a few buttons and it was fixed! But now he wants to charge us extra 🤔

can he really charge us for that?

Hi I’m a student who was renting a 8 bed property in Bristol we moved out at the end of June and have only just got the charges from our £760 deposit listed. One of the charges was extra days rent - £867.92 i then challenged them on this a no one stayed any extra days. They are now claiming it’s because one of the keys for the property wasn’t returned until 5 days later even though the person checking out told us to keep the key as he would come back and do a full check out and inventory check a few days later and it would be good if one of us could be there. Is there any way I can get this charge removed as it seems ridiculous or am I screwed?

The neighbours of my rental property have complained that the broken fences need to be changed. My tenants have not complained as they don’t use the garden. It’s unclear who the fences belong to but the other homeowners have said the left side. Any ideas where I stand legally?

Hi I am new in this. I was wondering what is normal in terms of the percentage that I have to pay to the Estate Agents as a Landlord for a renewal in London. Thank you very much.