NewYorkie

That was my thought on reading the headline. Written by children!... Read More

I have increased my remaining rent 3 times by 9%, to the point it is almost at the market rent [my fault for being a bad landlord and keeping my rents low!]. But my mortgage rate means I am still making a loss over the year [leasehold flat].

I have made my tenant very aware of the precarious position she is in, should I be unable to charge a reasonable rent. I will need to sell, and she won't find another similar flat locally at that rent. So far, I haven't heard a word from her following my latest s13.... Read More

Do not let to a tenant who doesn't speak English. Clearly, they will not be able to fully understand the terms of an AST, and will not have a job due to not speaking English.... Read More

This is not about housing legal aid, it's more money for immigration cases.... Read More

That is certainly one dividing line, but another is whether a LL is incorporated or not. I would also factor in the impact of BTR.... Read More

You could be tempted to ask, but what if I am?... Read More

I think she was responsible for the figures.... Read More

You make an interesting point.

If a landlord is declared bankrupt, and/or has their property repossessed, can the tenant be evicted under the new rules? How long would it take for a bank to be granted possession [my eviction took 15 months]? How will the banks react if forced to wait months when they aren't receiving any mortgage payments? It will be interesting to see if banks are given preferential treatment by the courts.... Read More

I've just put my remaining rent up 9%, for the 3rd year running, and still don't make a profit (leasehold issues!). The acts of a bad landlord who didn't increase his rents for 7 years, and was then hit for £20k by a feckless tenant.

No more Mr Bad Guy!... Read More

Excellent summary.

I have a single BTL remaining, and will sell as soon as I can. After 25 years as a landlord, I will enjoy my retirement with no tenant pressures.

The numbers simply don't stack up, and the pressure is too great, leading to severe mental health issues for many landlords. This is something politicians refuse to acknowledge. Only tenants have mental health problems!

Of course they can do the sums just like we can; many are landlords themselves (at least one, a rogue landlord!), but to do so would be inconvenient.

I was forced to stop work in 2020 due to covid, but before that, I was trying to sell a digitised and AI-enabled courts solution to the UK government. I proposed a focused solution to deal with 'Evictions' (I was going through a lengthy and costly eviction at the time!), and which could have been implemented quickly and cost-effectively. I was told they were too far advanced with their big digitisation programme to consider anything different. 4 years on, and nothing worthwhile has been delivered, and when/if it ever does get delivered, like all big government technology solutions, they will end up with something which is already technically outdated, way over budget, costly to update and maintain, and not fit for purpose.... Read More

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We seem to have less snow in recent years, but overall, the UK weather isn't much different to what it's always been. Wet and miserable!... Read More

Yes, sell to a homeowner, who will either choose to upgrade or, most likely, won't.

It's only landlords who are forced to comply with the ridiculous net zero nonsense.... Read More

My investment in the Guinness Global Energy Fund is up 61%.

My IFA still asked why I wasn't interested in ESG funds... Go woke, go broke!

Apparently, we have the Rolls Royce SMNR technology available, and there was a lot of talk about them a while back. Why isn't Labour really pushing ahead with it?... Read More

You may have hit on green Ed's ultimate plan for carbon capture. Tax the family farmers into selling off their land at knock-down prices to investors, who will receive tax breaks for planting it with trees. It could explain why wealthy tree 'farmers' were let off the hook in the budget.... Read More

We are all entitled to our views as how the best ways to save the world, and your investment is clearly not a 'business' decision which most landlords must make. I hope your tenant's appreciate it.

We are already paying to make the UK a better place, and if green Ed gets his way, will be paying a lot more. My problem is, the UK is already way ahead of most other countries, and whatever else we do will make not an iota of difference to the lives of our children.... Read More

Many, many more landlords won't be worrying about this nonsense by 2030, and renters will be so desperate to find somewhere to live, the EPC rating will be the least of their concerns.... Read More

I was wondering when the 'buy my course' would appear.... Read More

You say you made money, but all I can see is you paid many, many more £ thousands over and above the small grant, for a reduction in energy costs. How long will it take for you to recoup the outlay?

As to why doesn't the government provide more funding? They know the true cost and that it really isn't the answer, despite all the virtue signalling.... Read More

I am assuming they mean gross yield, which sounds much better, but is a pointless metric.

I'm getting a 'yield' of 8.5% on my remaining BTL; and I will be getting a 9% rent increase from January; happy days. Except... there's zero profit!... Read More