Mark Pickersgill, Author at Property118

Mark Pickersgill

I am a small private landlord with 5 x1-Bed, 2x2-Bed and and 1x8-Bed licensed HMO and Although I am not and never have been into student let's so cannot comment on this section of the article, I do absolutely agree...

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This is very sad because it confirms the adage that clearly it's not what you know it's what other people think you know that's important. What he has written leaves me wondering what actual experience of the PRS this guy...

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Can somebody explain what would happen in the scenario where it was not economically viable or practically possible to upgrade a HMO to a C with tenants in situ and you give tenants notice (once the so called 'no fault...

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If your contract does not specify annual rent reviews, and how any increase will be calculated, then 1.5 x RPI is a generally acceptable industry guideline. I use this as it was used by my managing agent for many years...

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Despite the rhetoric, politicians of all colours, do not appear to understand supply and demand . Their policies, not landlords behaviours, have led to this perfect storm. They will now spend the next 5 years scratching their heads and blaming...

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Reply to the comment left by Trapped Landlord at 20/08/2023 - 20:52???? You sound like a fun guy and big risk taker. Report back in 5 years and let me know how things worked out for you and if you're...

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Supply and demand, the more that sell the better it will be for those that remain, sad but true. I believe it may be a generational thing where, perhaps, the more mature LL's have seen the best years of this...

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Reply to the comment left by Trapped Landlord at 20/08/2023 - 19:04Absolutely, drive down your debt, look after your properties and your tenants, sit tight and there is an inevitability that the crisis will leave HMG (whatever colour) with no...

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Ok. Shares are a form of gambling particularly single co. shares but good luck to you my friend, just make sure you quit when you're ahead and don't get too greedy! ? Ps, I drive an I-Pace and EV's are...

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Reply to the comment left by Frank Dane at 20/08/2023 - 16:04I'll give you a reason Frank: because I cannot see a better investment for the long term. As somebody who has never benefited from mortgage interest relief and is...

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Reply to the comment left by Trapped Landlord at 17/08/2023 - 09:47Largely agree with you. In answer to your "why would you invest in property at the moment?" I would argue simply because like most markets property investing is cyclical...

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Exodus of PRS landlords picks up pace

16th August 2023, 3 years ago

Couldn't agree more. Clearly you have no such urgent necessity to sell, however, your behaviour will increase/improve returns for many, IMHO. Perhaps the issue is that property returns are not quite as passive as they were?

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Exodus of PRS landlords picks up pace

16th August 2023, 3 years ago

Interest rates are now returning to historically 'normal' levels so whilst disposal is really only an urgent necessity for highly geared landlords who have not carefully managed their debt to equity ratio over the years, any mass exodus will clearly...

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Reply to the comment left by Jim Fox at 25/04/2023 - 09:32Based on what you have said I doubt you will require a EWS1 certificate Jim so I think it unlikely that lenders would have any concerns about using the...

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Hi Jim, the certification refers to the external wall system, EWS, and indicates a pass or fail, B2 being a fail/requiring some remedial work. I believe there are 4 grades in total from A1 to B2. The Fire Engineer's opinion...

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Hi Steve, good news in part only I'm afraid. I recently also received a similar letter but two brokers were unable to find me any re-financing until the building receives a B1 certificate or better as it is currently B2...

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It's the very high fees on Paragon products that make them unattractive, especially for portfolio landlords. They are not the 'go to' provider of choice unfortunately.

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Buying a tenanted property is clearly more risk than buying with vacant possession. However, if you conduct your due diligence fully during the conveyance, you are purchasing a going concern with immediate positive cashflow. I purchased a small development of...

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Mark Pickersgill

Mark Pickersgill


Registered with Property118.com

11th December 2022

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