George Pearson, Author at Property118

George Pearson

TV – Landlord scare stories?

19th December 2023, 2 years ago

Lower cost properties for first time buyers would be a good thing. I don’t think there’s a deliberate intention to free up property for bigger players but this would be a good move too. Many landlords are reaching retirement/end of...

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I’m not a member of any organisation but I do read an awful lot of things to do with being a compliant landlord. I’d happily pay for an HMG test to prove my landlord credibility. I’m not so keen on...

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Self Managing – do you need qualifications?

18th December 2023, 2 years ago

Self-managing landlords do not need any qualifications. They do however, need to abide by the law and comply with the multitude of rules and regulations bestowed on the private rentals market. Many landlords do courses and claim to know more...

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It is wrong that a 2 up, 2 down using a modest amount of energy is forced to ‘upgrade’ its EPC ahead of a mansion that uses far more energy. The number of kWh that a property can consume should...

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Shelter need people to be homeless so they can raise funds. If they helped, by providing shelter, they’d help to fix the housing problem and there’d be no need for Shelter. It’s a strange world.

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If I sold half a house to two tenants, I’d have the equivalent of one less property. So long as the tenants were happy to pay the additional 3% SDLT to me, cover my legal fees, pay any CGT there...

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Maybe Shelter could use some of the many £millions that they receive each year to provide shelter to some of the homeless. Just one would do for starters. The problem is that we have too many people in part, because...

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I own property because I worked hard to buy it and avoided spending money on cars and holidays. I did so because I wanted to provide security for my children. I was always taught that you should spend your money...

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Most landlords do not need an EHO. How many EHOs are there for social rented homes or for owner occupied homes? None I guess.

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My tenant’s grandson is moving in?

13th December 2023, 2 years ago

The government’s model AST permits the tenant to live on the property with children under the age of 18 at the start of the tenancy. It also says the tenant should seek the landlord’s permission to move additional people into...

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We are supposed to be transitioning to green energy. Surely, this reduces the need to make all homes in to sweat boxes?

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Reply to the comment left by Steve Guest at 12/12/2023 - 10:41In that case, you took the risk knowing that rentals were not allowed. Market the property for owner occupancy only.

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The problem that I have is that I have retired. The properties help to fund my retirement. My rents are very low but they cover my costs. However, if I sold up and paid the tax and invested the proceeds...

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Section 21 advice needed – buyer waiting?

11th December 2023, 2 years ago

Could somebody point me to the legislation that says a landlord needs to keep Gas Safety Certificates forever? The HSE stay we need to keep them for two years (see ‘What are my duties as landlord in relation to gas...

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Just to add that SL isn’t the sole cause of rising rents. Remember playing Buckaroo? Well, selective licensing is just another piece of equipment to add to the donkey (perhaps a cash cow would be better choice of animal). We...

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Section 21 advice needed – buyer waiting?

11th December 2023, 2 years ago

There is very little chance of gaining possession in this FY - even if the Section 21 is valid. When the S21 date passes you need to apply for a possession hearing. If you ‘win’ and the tenant still doesn’t...

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Just like the government, mortgage lenders have a vested interest in avoiding mass repossessions. They need landlords to be able to refinance. With property prices expected to fall considerably (Bank of England says banks could cope with a 30% reduction...

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Reply to the comment left by The Forever Tenant at 10/12/2023 - 12:38195 hours at minimum wage would be over £2k per month. If the taxpayer is paying that for one family then I’d suggest the family ought to move...

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Brits paid out £85.6bn in rent during 2023

11th December 2023, 2 years ago

Mortgage payments rise by 61% in the year to December 2022. Landlords are paying an extra £5.5billion in mortgage interest. We need to make renting an attractive alternative to homeownership. Many landlords simply want to squeeze every last penny out...

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The cost to the taxpayer for LHA is already around £30billion. The proposed unfreezing is only expected to cost the Treasury £1.4billion. That is an increase of less than 5%. The cost of renting has increased by much more than...

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George Pearson

George Pearson


Registered with Property118.com

7th September 2023

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