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[doobrey]

I have received the Fire Risk Assessment from freeholder today.

One of the members here has given me advice by PM.

I continue to respond to communications from freeholder by questioning the legal basis for their demands. They have said why they want me to do these things, but...

[doobrey]

I'm not expressing a view either way but it has been said in the past that asking for recommendations is not permitted.

https://forums.landlordzone.co.uk/fo...nd-southampton...

[doobrey]

Except that the capital sum owing reduces with each payment....

[doobrey]

You should be able to, yes. Every year around April/May I request a mortgage statement for the previous financial year from my bank. Never a problem. This used to be hard copy, but now they will do it by email.

[doobrey]

Centaurs ?...

[doobrey]

As with any of these things, though, the effects are complex. It made me less inclined to buy anything. It also made me less inclined to sell anything....

[doobrey]

I stopped buying several years ago. Multiple factors involved, but I think additional rate SDLT was the main one....

[doobrey]

Might this result in lots of octogenarians moving into large, expensive houses for tax efficiency?...

[doobrey]

https://www.bbc.co.uk/news/uk-england-52847319...

[doobrey]

For buildings insurance?

[doobrey]

This seems unusual. Does the lease confirm this?

Leasehold properties that I have owned have been insured by the freeholder. I presumed - rightly or wrongly - that it pretty much had to work this way (e.g. because the property ultimately belongs to the freeholder)....

[doobrey]

There is massive government stimulus going on worldwide. Yes I think things look fairly bleak for the real economy and I agree this is going to be revealed when the various bailouts come to end. But the stock market isn't the same thing as the real economy and QE money tends to gravitate towards it...

[doobrey]

Overall the stock market has been rising fairly strongly. The FTSE 100 is up just over 20% from its March low. The Dow Jones is up more than 35% in the same period.


Wise words indeed....

[doobrey]

From my reading of the lease there is no clause which states that I must not do anything to affect the uniform appearance of the block. Nor have I found a clause which states that I have to ensure that the front door complies with a particular specification.

I have read post #10 several...

[doobrey]

I tend to agree with the point that agents are a big contributor to the negative view of landlords. It is very difficult to find a good agent. They do exist, but even an agency which is good can easily go bad (e.g. due to personnel changes).

My tenants have sometimes suffered the consequences...

[doobrey]

Thanks, I'll bear that in mind. Maybe make some enquiries. I bought my residential property outright 'by accident' because intended mortgage provider said 'no' at a point where I was kind of committed. I thought I would just remortgage after six months but then found it wasn't that easy.

[doobrey]

I tend to think the same when mortgage lenders will not take into account passive income. It doesn't rely on having a job, which I would argue is a definite benefit....

[doobrey]

It's AML. As a broker explained to me, it would be a good money-laundering strategy to buy a load of property for cash and then remortgage it....

[doobrey]

I believe it is correct. Hence:



See for instance:

https://www.taxinsider.co.uk/claimin...main-residence
"It doesn’t matter what the borrowings are secured on - it matters what the borrowings are for."




That's interesting....

[doobrey]

My understanding is that this is permissible. I have considered doing / wanted to do it myself in the past.




I think the latter.

What I have found when investigating this previously is that if taking the remortgage route you will probably be required (e.g....