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[jpkeates]

Landlords should probably always use an RQ form and register a restriction by owners not living at the property with the Land Registry.

This creates an additional requirement for a conveyancer to take additional steps to verify the seller's identity and certify that they have done so....

[jpkeates]

You deduct the allowable expenses from the income (ignoring any interest paid on a BTL mortgage - and any other fees relating to a mortgage).
You add that to any taxable income you have and calculate the tax due based on your total taxable income.
The you deduct any tax paid through PAYE...

[jpkeates]

If there's a mortgage on the property, things become more complicated.

What's being gifted is the equity in the property, as the mortgage is a liability which the sons will (almost certainly) be acquiring.
I cannot imagine that the mortgage lender will allow the transfer without the...

[jpkeates]

There's almost no reliable statistics about the success or failure of small claims cases (and you'd need a lot of detail to know whether any outcome was more or less likely anyway).
One issue is that it isn't costly or difficult to make a money claim and it's tempting to offer some kind of compromise...

[jpkeates]

If the tenant leaves the property voluntarily it would possibly reduce their chances of being housed by the council as they will have made themselves homeless.

I would tell the council that it is your intention to evict and sell.

[jpkeates]

If you remarry, it invalidates any previous will you may have created....

[jpkeates]

I'd decline any responsibility and point out that the blockage was an issue throughout the tenancy and that you continually brought it to their attention.
There's no reason to think that the blockage was caused by you.

If you think that it was caused by you (or that that's quite likely)...

[jpkeates]

Your father would be well advised to take some legal advice.

It would (for example) be possible for the transfer to be effected by the creation of a trust.
This would allow the title to remain as is (so no SDLT or CGT) and allow the income to be split between his chidren.
...

[jpkeates]

Unless you've been negligent in some way, the only way you'd be liable is if you have caused the leak in some way or have some sort of commitment to the owners downstairs to keep the pipes in a good state of repair (which would be extremely unusual).

Pipes do sometimes leak, it happens...

[jpkeates]

If the person who is unhappy with the situation is one of the joint tenants, they should raise the issue with the landlord, who is probably in breach of contract - having advertised the property as a three people share and not providing that in practice.

It's possibly a breach of the contract...

[jpkeates]

What is driving the decision to do this now?...

[jpkeates]

I use a password manager (1password) and have long and unique passwords for pretty much everywhere I login.

I don't know any of the passwords (they're impossible to remember - like 9MpmGNZKa*mEid).

As long as I keep the password manager secure I'm OK - so just one thing to...

[jpkeates]

In which case, I'd be wary.

If you have a family in a house with a "spare" room, there's always the risk that they'll take in a lodger to offset the cost of living and thereby create an HMO without your knowledge.

Otherwise you are limiting your market to people on...

[jpkeates]

Many residential landlords would avoid 3 bedroom housing because of the risk of it becoming an HMO.
But this seems to be your actual target market, so presumably you are considering this.

The outcome is likely to be determined by the availability of fire escape routes from the proposed...

[jpkeates]

An electrical safety check isn't a legal requirement in Wales as the legislation only applies in England.
Unless it's an HMO.

[jpkeates]

I think there's a confusion arising here.

There is no regulation (or legislation or tax "rule") that requires lenders to be informed about changes in beneficial ownership.
It's something the lenders include in their terms and conditions.

Changing the beneficial...

[jpkeates]

No.
If the relationship isn't to their wishes, they can give you notice (as can you).

The landlord/agent can't charge you fees to renew a tenancy....

[jpkeates]

It's very easy to make assumptions about situations like this.
And family is always complicated.

Maybe the father made promises he wasn't in a position to honour (lots of people don't like to discuss plans for post their own death).

It's a strange arrangement either way,...

[jpkeates]

Yes. Move on.

[jpkeates]

We're an old fashioned lot here in the West Midlands.