How to politely refuse viewings?

Friar_2

h63298 wrote: »

It is let through a management compamy. The references were done by a well known high street letting agents (dont really want to name them on here) but they are very big in the south east.

Wasnt Foxtons was it? Not only are they a bunch of $%£&s but I know for a fact that they dont bother with references or credit checks.

DON79

From personal past experience as a tenant, I would never allow viewings now until I had vacated the property. I agreed to allow the LA to show someone around but they failed to show up at the agreed time. I had to go out so I left my sister who was visiting at home with my 2 week old baby whilst I took my husband to work. The LA let himself in anyway after I had to go out. I was really annoyed because there was a stranger wandering around my home whilst I couldn't be there and I had a brand new little baby.... goodness knows what sort of infections etc that person brought into the house but I was trying to be cooperative with the Letting Agent. I phoned up to complain and they didn't give a stuff - and I was even more spitting mad when they said they did an inspection at the same time - which I had not had notice of or agreed to. And they robbed us over our deposit unfortunately before the protection scheme came into effect.

I hate Letting Agents with a passion now

h63298

N79 wrote: »

Just to let you know that you are obliged to complete a tax return each year to declare the income even if your rental empire produces no profit. When HMRC catch up you will be fined for each year you have not declared your income and there will be further penalties if you have unpaid tax.

Could I suggest you contact your tax office and sort our your tax returns to avoid a nasty shock in the future.

Thank you for your post. Just for your information I am actually a Chartered Accountant and know exactly when I need to a tax return. I am paid under PAYE so my company does a return. For any additional income from Property it must meet the following before you are required to do a return. I have also written to HMRC declaring my losses to go on record if any time I do end up meeting this criteria which is highly unlikely
This is the information you will find on the HMRC website:
If you don't already complete a tax return, you'll need to do so if you receive any of the following:

• income from property (before deducting allowable expenses) of £10,000 or more
• income from property (after deducting allowable expenses) of £2,500 or more

Therefore, no I do not need to a tax return as my income does not exceed this. But thanks anyway.

h63298

Friar wrote: »

Wasnt Foxtons was it? Not only are they a bunch of $%£&s but I know for a fact that they dont bother with references or credit checks.

Hi no it wasnt. But to be honest I dont think many bother properly but I do have them checked with my insurance company who also passed it. Makes you wonder really.

N79

h63298 wrote: »

Thank you for your post. Just for your information I am actually a Chartered Accountant and know exactly when I need to a tax return. I am paid under PAYE so my company does a return. For any additional income from Property it must meet the following before you are required to do a return. I have also written to HMRC declaring my losses to go on record if any time I do end up meeting this criteria which is highly unlikely
This is the information you will find on the HMRC website:
If you don't already complete a tax return, you'll need to do so if you receive any of the following:

• income from property (before deducting allowable expenses) of £10,000 or more
• income from property (after deducting allowable expenses) of £2,500 or more

Therefore, no I do not need to a tax return as my income does not exceed this. But thanks anyway.

And then they contradict this in the SA105 guidance notes. (Or at least miss off the exceptions but I suppose that you could read the guidance to mean that they only apply if you already have to do return). Clear as mud (at leas to me).

That said those limits will catch most LLs down south - only those "oop north" or with small flats will escape.

h63298

N79 wrote: »

And then they contradict this in the SA105 guidance notes. (Or at least miss off the exceptions but I suppose that you could read the guidance to mean that they only apply if you already have to do return). Clear as mud (at leas to me).

That said those limits will catch most LLs down south - only those "oop north" or with small flats will escape.

I am actually from the Southeast of London and it does not catch me. Times are not that great but your right I do have a small one bedroomed flat.

N79

h63298 wrote: »

I am actually from the Southeast of London and it does not catch me. Times are not that great but your right I do have a small one bedroomed flat.

Most house rentals in London (and most of the Southeast, particularly if we are talking 3 bed and above) will easily top 10000 as that is only GBP833 a month. I suspect many flats in London will also top this rent depending, as with everything, on location - and London rental markets is not something that I know anything about.

h63298

N79 wrote: »

Most house rentals in London (and most of the Southeast, particularly if we are talking 3 bed and above) will easily top 10000 as that is only GBP833 a month. I suspect many flats in London will also top this rent depending, as with everything, on location - and London rental markets is not something that I know anything about.

I wish mine did top this limit at least it would then cover my mortgage :-) I am actually southeast london, north east Kent so not the top end London prices.

N79

h63298 wrote: »

I wish mine did top this limit at least it would then cover my mortgage :-) I am actually southeast london, north east Kent so not the top end London prices.

Don't take this the wrong way but your letting arrangements don't seem very "sustainable" if you are sustaining a loss every month. The point of getting into the lettings business is normally to make money..... (at least it is for me)

h63298

N79 wrote: »

Don't take this the wrong way but your letting arrangements don't seem very "sustainable" if you are sustaining a loss every month. The point of getting into the lettings business is normally to make money..... (at least it is for me)

I wont take that the wrong way as I suppose from an outsider it may look like this. My only reasoning for getting into the letting business was due to the fact I brought my flat right before the crash and I have negative equity in the property and am unable to sell it. I have moved on for personal reasons and have had to rent this out. My first few years resulted in quite some costs but now with my interest rates I pretty much break even. But I do not rent to make money and this was no on a buy to let schedule it was my home originally.