Stephen Allison, Author at Property118

Stephen Allison

I have three properties currently D. Ive been told that these are too high for grant funding as the work needs to result in an uplift of at least 2 grades abd getting to B is almost impossible.

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When you destroy the supply but increase demand then inevitably the system collapses. Osbourne started the attack with removing interest relief but Labour are continuing the war. Ive sold all my larger 4 bedroom family properties to off shore investors...

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No government cares about fairness. It's just another meaningless sound bite to them. Like honesty or integrity, words they use but don't actually really think apply to them. The whole war on landlords is a politically motivated exercise in showing...

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The £15k cap is just another example of London being the only rental market that counts for policy makers. I own a small portfolio of "street houses" in the northeast of England. The average market price of these properties is...

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My agent always provides a tenant reference. It says when the tenant moved in, when they moved out, what the monthly rent was, what the amount the tenant actually paid. It also notes the results of the tenancy termination inspection...

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You know it, I know it and the politicians know it. The primary purpose of the Landlord Database will be to extract fees from compliant landlords. The secondary purpose will be for HMRC to cross check tax returns. The third...

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Reply to the comment left by DAMIEN RAFFERTY at 13/05/2025 - 12:03I was taxed on my rental income so being taxed instead on investment income isn't a real issue. however unlike rental income (which I think is going to get...

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Remortgage to invest?

13th May 2025, 11 months ago

I reluctantly decided to sell up in the face of the on-going war on small private landlords. I bought my first property in 1986 and have weathered selective licencing, nightmare tenants, loss of tax relief, insane increases in insurance costs...

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In the past 12 months i have sold three properties, consisting of two with ground floor shop units with two flats each above and a single property with three flats (one on each floor). Total 9 units, (two commercial and...

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Reply to the comment left by russell branch at 11/04/2025 - 09:31It was the Tories who started the war on private landlords. Labour might want to abolish private property but the Tories also hate the plebs acquiring assets. In both...

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All these people relying on a change in government to sort it out should remember the attack on private landlords started under the Tories. Labour is just continuing the war.

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so that's rents up £15 a week lol

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Last month I had a benefit funded tenant move out and into an housing association property. He didn't hand back the keys or tell me he was leaving until he'd moved to his new place and settled in. The council...

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I have a property that becomes vacant. My rental agent has a waiting list. These people are vetted and credit checked. They often want to move to be closer to work, family, schools, etc. They will pay the market rent....

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Reply to the comment left by john thompson at 18/06/2024 - 10:48Got to agree about the s##t the Tories have thrown at the PRS sector in the last few years. Anyone would think they hated private landlords, which actually they...

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If you think Labour won't win then would you care to put a bet on with me? The only real question is how big will Labour's majority be?

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Agents – Best to stay or run away?

18th June 2024, 2 years ago

My agent is worth every penny. I can't imagine what I would do without him. He has a waiting list of Landlords wanting his services. I think the difference is he owns the business, he's not an employee of a...

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Reply to the comment left by Martin Roberts at 06/12/2023 - 10:10I like that. Of course you need to make sure the tax man doesn't come after you for tax on the £2,000 not the £400 you actually receive since...

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Reply to the comment left by The Forever Tenant at 08/12/2023 - 11:25Private Landlords will always be "scum" since we are too useful to the politicians of all parties as scapegoats.

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Reply to the comment left by Carla mason at 23/09/2023 - 13:56We have been advised the only way to get to C is to spend £4,000 on floor insulation. Payback is just under 88 years

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Showing 20 of 24 comments

Stephen Allison

Stephen Allison


Registered with Property118.com

10th August 2023

Total Posts

0

Total Comments

24

Bio

Started in the PRS in the 1980s. Built a small portfolio without any borrowings rather than going down the large but leveraged route. Planned to sell one a year after reaching 60. Then came covid and the huge increase in CGT.