Mike Kowal
Mike Kowal
Registered with Property118.com
17th September 2022
Total Posts
0
Total Comments
17
Bio
Living in Philippines for the last 6 years. Retired.
Registered with Property118.com
17th September 2022
Total Posts
0
Total Comments
17
Bio
Living in Philippines for the last 6 years. Retired.
13th May 2025, 11 months ago
Where is the money going to come from to pay for all these inspections? I thought the government ( let alone councils) had no spare funds!
Read More →8th April 2025, 1 year ago
I am fed up of MPs voicing their vote winning opinions. Why don’t they just admit they are responsible for the UK being bankrupt and are a third world banana republic. If more landlords sell up the responsibility will fall...
Read More →12th March 2025, 1 year ago
Agree entirely. These fringe lenders are trying to drum up bussiness in a declining market. If you look at the rates they offer there not even competitive…….just look at the arrangement fees !
Read More →22nd July 2023, 3 years ago
I have read all the comments and feel sympathy for the distressed LL,s. My question is why would any LL let to anyone on UC or HB is beyond me. It seems that many of the problems stem from tenants...
Read More →12th July 2023, 3 years ago
The tenant has only moved in about 3 weeks so he is probably just getting used to the new surroundings. I had 3 prospective tenants view the property the same day it was advertised. All 3 wanted to rent. The...
Read More →Reply to comment left by Tony Arora at 12/07/2023 - 10:54
I have used the letting agent for 20 years. Never had a troublesome tenant .Only 1 month void in that period . Current tenant ( single man) has a salary of 78k. I have taken out insurance for loss of...
Read More →12th July 2023, 3 years ago
I have had a tracker mortgage since purchasing 20 years ago. Obviously when rates were low I made a profit. However at my present rate (1.75% over base) a small loss is inevitable. I put the property on the market...
Read More →29th June 2023, 3 years ago
I recently put my 2 bedroom flat up for sale…..nice area surrounded by expensive houses. In 2 months I had only one viewing. It was costing me nearly £1000 a month to leave it unoccupied. Mortgage, council tax, service charge...
Read More →30th May 2023, 3 years ago
I have lived permanently in the Philippines for the last 7 years. I have owned a BLT since 2003 which I have only lived in 6 months prior to moving to the Philippines. We did own our main residence which...
Read More →21st April 2023, 3 years ago
I have never experienced rent arrears in 15 years of letting a flat out. Admittedly the flat as always been let via letting agents, who would not let to tenants on universal credit. I have seen several documentaries with a...
Read More →25th December 2022, 3 years ago
I live abroad. Tax, pension and mortgage letters are sent to my Overseas address. All other post is redirected to my relatives UK address. I should add there is hardly any post and I certainly an not on electorial voting...
Read More →6th October 2022, 4 years ago
Repairs can be expensive. What I have found a lot depends on the tenants who reside in the property. Some tenants will rectify some minor issues by themselves.Others will resort to communicating with the letting agent, who then sends out...
Read More →Reply to comment left by Freda Blogs at 28/09/2022 - 12:46
Reply to the comment left by Freda Blogs at 28/09/2022 - 12:46Agents are expensive, thus reducing any hopes of a high yield.
Read More →Reply to comment left by Judith Wordsworth at 28/09/2022 - 10:49
Reply to the comment left by Judith Wordsworth at 28/09/2022 - 10:49Sell, the small amount of profit you would make is not worth the hassle.Most forecasts are anticipating interest rates to be much higher than 5.0 - 5.5%. This on...
Read More →18th September 2022, 4 years ago
Cash is king ! Today I did a spread sheet of current rental income, costs, and tax possible liabilities. I also indicated the effects of a mortgage rate of 5% and a rent increase of 17%. The figures were still...
Read More →Reply to comment left by DSR DSR at 17/09/2022 - 17:59
You are correct in stating the rent is under market valuation. I have generally accepted this and not raised the rent due to having tenants that occupied the property for very long periods……better to have settled tenants than pay the...
Read More →17th September 2022, 4 years ago
My mortgage has increased to 3.5% and I expect that with further BOE rises it could go up to 5 -5.25%. My net rental is £740 ( after letting agents fees) month less £113 a month service charges. In the...
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