Neil Patterson
Neil Patterson
Registered with Property118.com
5th May 2014
Total Posts
0
Total Comments
124
Bio
Portfolio landlord since 1993. Still buying more!
Registered with Property118.com
5th May 2014
Total Posts
0
Total Comments
124
Bio
Portfolio landlord since 1993. Still buying more!
11th November 2026, 6 hours ago
Surely checking the basic maths would have revealed that this was a bad investment before you went ahead? At least if leasehold reforms come in as expected, ground rent will be capped at 0.1% of the property's value.
Read More →Reply to comment left by Thurstan Ollerearnshaw at 09/11/2026 - 13:31
Look up sold prices on websites like Rightmove - no need to pay £7. Great source of information when you're doing due diligence on a potential purchase.
Read More →9th November 2026, 2 days ago
"There is no overlap between these fees and registration fees for the service". Is she having a laugh, that's crazier than the scheme itself. I'm pretty sure it'll be the same council people doing the compliance work - anything else...
Read More →8th November 2026, 3 days ago
The tories scrapped the EPC targets when they realised they wouldn’t work. Unless laws are passed soon there’s got to be a chance that’ll happen again if there’s a change in government first?
Read More →Reply to comment left by EPC Truth at 07/11/2026 - 19:48
Reply to the comment left by EPC Truth at 07/11/2026 - 19:48Wow that’s great news. Not sure how I missed that. There’ll be absolute chaos. Bring it on.
Read More →7th November 2026, 4 days ago
What gets me is that social housing don’t have to reach the C target, which shows it’s all rubbish. If they did they’d be disposing of a lot of property too, crippling councils. It’s pure PRS victimisation.
Read More →7th November 2026, 4 days ago
I rejected 3 applications on one of my flats last month. All because they had poor credit checks, two with CCJs. In the past I’d have probably looked past them, but it’s too much of a risk now. So a...
Read More →Reply to comment left by Mick Roberts at 03/11/2026 - 16:55
Reply to the comment left by Mick Roberts at 03/11/2026 - 16:55“Move on”…when the tenant dies or moves out for whatever reason. With sitting tenants you obviously buy cheaper (66%-ish), accepting the rent officer sets rent low. Payback is when...
Read More →Reply to comment left by Mick Roberts at 03/11/2026 - 16:18
Reply to the comment left by Mick Roberts at 03/11/2026 - 16:18You bought with tenants paying 5% Mick? I'm talking on purchase price, not current value. Or have you got sitting tenants, in which low yield now, return is on...
Read More →Reply to comment left by Ryan Stevens at 03/11/2026 - 15:18
Reply to the comment left by Ryan Stevens at 03/11/2026 - 15:18As an accountant I need to look at your worked example Ryan! £15k interest at say 5% means a £300k loan. At 75% LTV that means the property's value...
Read More →Reply to comment left by Ryan Stevens at 03/11/2026 - 08:03
Reply to the comment left by Ryan Stevens at 03/11/2026 - 08:03I think that's wrong Ryan, you'll get tax credit at 24% which means a £200 loss, not £800. Still a loss so excuse me being pedantic!
Read More →3rd November 2026, 1 week ago
Complicated! If you're worried - even though a fine may be unlikely - then just register it on the database as two properties. It'll cost you an extra £65, small change, but will give you peace of mind.
Read More →30th October 2026, 2 weeks ago
I'm so much more careful with choosing tenants now. On my last let, I turned down 3 applicants all because their credit scores were too low, 2 of them with CCJs. In the past I may have taken a chance...
Read More →Reply to comment left by [email protected] at 30/10/2026 - 11:06
Thanks but I think you missed my point. The issue is if you want to be the first to increase rent above the current market. That has to happen to break the existing glass ceiling. However, I think we all...
Read More →30th October 2026, 2 weeks ago
I had a tenant leave my property over a month ago, 3 weeks before the tenancy was finished. But they told British Gas they left when they moved out...though they were responsible to the end of the tenancy. So I...
Read More →30th October 2026, 2 weeks ago
What worries me is the tribunal available for increasing rents - as we look to raise funds to cover our extra tax and other outgoings. An appeal kicks the can down the road for the tenant as they only pay...
Read More →Reply to comment left by mr buddah at 28/10/2026 - 16:58
Reply to the comment left by mr buddah at 28/10/2026 - 16:58If you’re serious when you say you’re making losses, why haven’t you sold up? You must be massively over-geared?
Read More →19th October 2026, 3 weeks ago
This all seems designed to put Landlords off increasing their rents. In this example, if the going rate really is £1,400-1,500, then the landlord is either out of touch or being greedy - whichever, it does us other landlords no...
Read More →Reply to comment left by G Master at 19/10/2026 - 09:49
Reply to the comment left by G Master at 19/10/2026 - 09:49Second on the list behind Reform.
Read More →16th October 2026, 4 weeks ago
What I don't understand is that these stories are all about removing these tenants...so by definition they'll pop up elsewhere and likely do the same thing. If the police, council etc tackled the TENANTS and made them responsible for their...
Read More →Showing 20 of 124 comments