Lee Bailey, Author at Property118

Lee Bailey

Sadly I have to serve notice on some tenants as their rents are way below the market rate. This means I cannot remortgage as the lender will down value the house, requiring me to put tens of thousands cash in...

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They suggest landlords did not all leave after section 24 was introduced. I did not sell up BUT I quit a 6 figure salary and dropped from paying a HUGE amount in tax, to NOTHING. Keep going you stupid naïve...

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Lets start a class action and sue the government

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Reply to the comment left by Ian Narbeth at 07/02/2025 - 10:43Put rent up by £600, I am already. This government seemingly WANTS to house people, so let them.

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How to prepare for bailiff eviction?

3rd March 2025, 1 year ago

6 Months to get a property back is NONSENSE. 4 years ago I had to evict for the first time ever and the court took over 12 Months. No rent whatsoever. The folks changing these laws are living in cuckoo...

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Labour = USSR When my tenants move out, I will sell and move the money offshore. This country sucks

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Social housing doesnt have to meet the stricter legislation imposed on the PRS. Nor does it pay 40% tax on gross rent due to Section 24 of the finance act. Sell all our house, move the money offshore, F this...

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Communist UK, All capital will leave the UK soon enough.

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Perfect! I could not have put it better myself. Thankyou I am selling in a few short years once my fixed rates end. I will move the money offshore and this country will never see a penny. Well done government.

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Until they cap bank of england interest rate rises, then any capping of free market rents its a clear and false distortion of true inflation. Interest rates at BOE level changed from 1% to 5%, a 400% increase. No one...

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Raynor is a self styled Gustapo. Working directly against common sense and landlords. 95% of mould is caused by how tenants are living. Many videos about this. (Skilled Builder etc). If people are poor and choose NOT to put heating...

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Wakefield council (DWH) have benefits tenants bidding on properties. I have no doubt other councils operate this way too?

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It is Section 24 of the Finance act that forced many landlords to switch to short term lets. ENTIRELY the fault of government.

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I no longer accept any guarantor. If the prospective tenant cannot pass the affordability and credit checks to satisfy rent insurance, then that is entirely on them. As a bank or credit agency would state "these checks show the persons...

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Then I will DOUBLE rents. I have already done so on new tenancies. Keep going Shelter, your lefty marxist ideologies will only hurt those you claim to support.

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Section 24 has forced landlords out. Far superior tax free investments available out there if you use your tax free wrappers etc

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Protect the tenants from poor government policy. Because of these poor policies, I am leaving some property empty as I get 100% of the loss to reduce my overall property tax bill. Whereas I'd be taxed 40% if rented out...

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Then landlords should use Process Servers who hand it to the tenant directly. It costs money but just raise the rents country wide to cover it. That'll stop these ridiculous judgements, and well done to the lawyer who has raised...

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Nothing than a knee jerk response to the lack of rental properties due to previous ill thought out policies causing landlords to sell up. (Section 24, EPC threats and much more.

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Showing 20 of 45 comments

Lee Bailey

Lee Bailey


Registered with Property118.com

1st February 2016

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45