Tenant used to own property

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    JpKeates is correct on his understanding of granting Vacant Possession but not adhering to the requirement. Don’t kick up a fuss with TMW as you might not like it if you were asked to repay the mortgage, unlikely but never take such things for granted.


      & Beware you may already now be on the National "Hunter" system that records persons with loans/credit deals that were... err.. based on might appear to be "iffy" info.

      Designed to flag warning red flags to any lender when later approached.

      I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...


      Latest Activity


      • Limited company vs landlord
        by Smilerkel86
        Recently reading more and more posts on here and coming across quite a few landlords who have made a limited company.
        What made you do this?
        Are there financial benefits?
        Tax benefits?
        Is it something I should look at?
        I have 3 buy to let properties, 2 are mortgaged....
        04-01-2022, 20:46 PM
      • Reply to Limited company vs landlord
        by jpkeates
        Ending a property investment company is something that most people don't consider when deciding to set one up and it's usually a mistake.
        20-01-2022, 12:42 PM
      • Reply to Limited company vs landlord
        by gary7
        I have a mix of BTL privately owned and also BTL held within a Ltd company. My co-shareholder of the Ltd company wants to sell up and this has highlighted potential tax complexities. My recommendation would be to consider any future exit strategy should you wish to sell BTLs, consider getting advice...
        20-01-2022, 12:36 PM
      • Reply to Limited company vs landlord
        by L4NDLORD
        There are a lot of merits to a landlord operating as a limited company. This is particularly so in an era of higher stamp duty land tax. Much simpler to transfer a share than a property...There is a much lower stamp duty on shares in a companythat real property; plus its much simpler to give a few away...
        18-01-2022, 05:19 AM
      • Reply to Limited company vs landlord
        by SouthernDave
        Depends if your going to run your property empire like a proper business or not. Also consider your overall tax position, long term goals and tax planning. Each persons individual situation makes doing BTL through ltd company worthwhile or not....
        17-01-2022, 21:35 PM
      • Reply to Limited company vs landlord
        by jpucng62
        I think the tax advantage of being able to take dividends instead of income has been reduced recently....
        17-01-2022, 13:08 PM
      • Reply to Limited company vs landlord
        by Gordon999
        The Times Newspaper ( Sat 13 Jan 2022,) Money Section page 62 &63 reported on BTL owners putting properties into a company..

        The paper showed there are 228,743 BTL limited companies by end of 2021.

        A company director can take £2000 in tax free dividends .
        17-01-2022, 10:00 AM
      • Reply to Mortgage News
        by jpkeates
        I suspect the reverse will be true, to be honest.
        I suspect that many (most?) landlords don't have any idea of most of the recent changes in regulations for landlords - the people who contribute to this forum are not representative of landlords in general.

        The awareness of landlords...
        14-01-2022, 09:54 AM
      • Mortgage News
        by loanarranger
        The following article has appeared in one of the Mortgage Trade journals reporting on views expressed by the Association of Mortgage Intermediaries an influential trade body within the mortgage industry.

        "Mortgage rates are likely to rise in the first quarter of 2016 as lenders look...
        23-12-2015, 19:43 PM
      • Reply to Mortgage News
        by loanarranger
        Thank you both for your constructive responses, it is evident from your views particularly as you are seasoned professionals that a significant number of less well informed investors will possibly take fright at the ramifications of the proposed changes. Although I am an investor as well as a specialist...
        13-01-2022, 22:53 PM