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Holly Edge

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  1. @reedar When you purchase the property you can choose to purchase it as tenants in common and the solicitor will use a deed of trust to show the different shares of the property. You also need to fill in the income tax form 17 on the HMRC website or HMRC don’t recognise the split.
  2. What great news, I agree it probably has a lot to do with tax planning and my husband and I also use a deed of trust to split income in my favour. However I just wanted to give an alternative view to the above as in our case it is my husband who has no clue of the addresses, hasn’t visited most of them and couldn’t care less.
  3. I highly recommend Open Rent, I rented two properties via them last summer and they will organise the tenancy agreement, deposit protection, referencing etc for a small fee. If you are going to go down the self managing route, I would also recommend joining the NLA. They have an advice line that I have used on several occasions - well worth the membership fee! Good Luck!
  4. I'll be there Chris. Look forward to meeting you @jane parsons and @razzoul I got started in property investment last year and chatting to people in same boat really helped, so would recommend popping along to any local investors. Holly
  5. Hi All, I've edited my post above as I was given incorrect information from Peterborough Council and I've just been sent a lovely £600 bill for my selective licence! Since been informed that you need to be accredited prior to Nov 2016. What a wonderful email that was to wake up to
  6. I used Open Rent recently for 2 properties. It was really easy to use, and both properties rented out within days. Would fully recommend.
  7. Hi Dil, @barny2015 alerted me to your post. I've just gone through this. I become an accredited member of the NLA so it only cost me £50. You can do a course in person to become accredited but I decided to go through the free NLA library and become accredited that way. You just read through the core subjects and answer a few multiply choice questions. It was rather time consuming but not difficult. In regards to applying for the licence, again this wasn't difficult - just had to answer a ton of questions regarding the property, the tenants and how I plan to manage the property. Some things they wanted to know included, the location of the fire alarms, room sizes, number of bathrooms, how I would deal with anti social behaviour. They also wanted copies of the gas safety certificate, Electrical Installation Report, EPC & Tenancy Agreement. From my experience so far, I wouldn't let selective licencing put you off a property. Hope that helps for your future house hunting! Holly
  8. Hi everyone Hoping someone can give me some advice ...... I have just found tenants to move into my first BTL, two girls on a joint tenancy. They have gone through referencing, signed the contract electronically, paid deposits & first months rent etc. I have emailed them to arrange handing over the keys and going through the required paperwork including looking at the original passport for the right to rent check. They are coming from London to Peterborough, and one has advised that she won't be moving up until the following day. Which I have said is not a problem as I'll pop back but I am now wondering if I am opening myself up to problems specifically with the right to rent check. I have seen a copy of the passport via the open rent referencing but I understand I need to check the original by Law. What do you think??? Thanks Holly
  9. Hope the boiler gets sorted Chris!! Great to catch up and chat property with like minded folk - look forward to the next one. On another note I visited the house I am hoping to exchange on this week and there was water coming through the loft - got to laugh , I've asked for them to fix the leak or knock a few hundred off for me to sort out. Hopefully not a big deal!
  10. Looking forward to it, see you all this evening. Holly
  11. Either is good for me, although I suggest the first Monday of each month.
  12. Good idea Barry. Hope to see you all on the July meet up date. Holly
  13. Hi everyone, Apologies for the late reply, I've just got back from holiday too. @barny2015 Hope you had a great holiday, have you got your new property up and running now? I've exchanged on one, waiting for notice to complete - hopefully should complete mid June. The other is waiting for the tenant to be evicted. @alice clayton & @dawid m - We haven't managed a meet up in a while, but would be great to get another date in. Could anyone do next Thursday the 15th? Holly
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