Tom Crispin
Tom Crispin
Registered with Property118.com
5th November 2021
Total Posts
0
Total Comments
34
Bio
.
Registered with Property118.com
5th November 2021
Total Posts
0
Total Comments
34
Bio
.
30th September 2025, 6 months ago
Is there any merit in trying to persuade your tenant to sign a Deed of Surrender? The last problem tenant I had I managed to persuade her to sign a deed in return for dropping my MCOL action for unpaid...
Read More →20th September 2025, 7 months ago
We are in the process of restructuring. Starting in 2011 when we got married and turned our two residential flats into BTLs and bought our house together, we have built up a £1.6m debt free property portfolio of five BTLs....
Read More →Reply to comment left by Elaine Landlord at 09/07/2025 - 10:07
Reply to the comment left by Elaine Landlord at 09/07/2025 - 10:07The fee gets passed on through rent increases at the next rent review.
Read More →Reply to comment left by David Price at 12/05/2025 - 19:25
Ah… I have got carried away believing you to be the anonymous poster.
Read More →Reply to comment left by David Price at 12/05/2025 - 14:12
They can. But if you look up a message or two I suggested a carrot and stick approach: stick - a letter from a solicitor; carrot - £100 for the inconvenience of contractors working (and it will be an inconvenience.)...
Read More →Reply to comment left by David Price at 12/05/2025 - 13:29
I can tell you are someone of sound principles. Sadly that will be of no benefit to you if you go through a year or more of Section 21 misery and lose a year or more of rent.
Read More →Reply to comment left by Craig Vaughan at 12/05/2025 - 12:41
Reply to the comment left by Craig Vaughan at 12/05/2025 - 12:41This is good sound advice.
Read More →11th May 2025, 11 months ago
A solicitor’s letter might do the trick. But perhaps a little ‘carrot’ too. Maybe offer the tenant £100 for the inconvenience. A small price to pay to avoid the cost of eviction, void period and new tenancy with a new...
Read More →Reply to comment left by James Brand at 19/01/2025 - 11:33
My wife and I have five flats and a combined gross rental income of around £75,000. By splitting this we remain in the lower tax bracket. We each have ~£600,000 in ISAs which is about 10% higher than our mortgage...
Read More →Reply to comment left by Frank Jennings at 19/01/2025 - 05:30
Reply to the comment left by Frank Jennings at 19/01/2025 - 05:30With careful management tax is virtually non existent for private landlords. Rental income 5% of two £300,000 flats: £30,000 20% tax = £6,000 Mortgage interest 4.5% of two £225,000...
Read More →Reply to comment left by David Houghton at 17/01/2025 - 21:17
Reply to the comment left by David Houghton at 17/01/2025 - 21:17With one or two flats, yes that can be a problem. My wife and I have five, all in SE London. We have mortgages totalling £1,170,000 and around £1.2m...
Read More →17th January 2025, 1 year ago
The biggest benefit of being a private landlord is the possibility of leverage. If I had £300,000 to invest: Stock market average 8.5% returns Outer London flat 5% plus 2.5% capital growth. Total 7.5% average return. But do both: Two...
Read More →Reply to comment left by Paul Smith at 26/09/2024 - 05:10
Reply to the comment left by Paul Smith at 26/09/2024 - 05:109% is easily achievable on the stock market. I’ve had an annual average of 9.91% over the past 7/8 years using nothing but a basket of global tracker funds....
Read More →Reply to comment left by Steve Hards at 24/09/2024 - 12:59
Reply to the comment left by Steve Hards at 24/09/2024 - 12:59But don’t forget the benefits of being a landlord too. Consider this scenario. £300,000 in the bank. Buy a flat for £300,000 with a 5% yield: £1250pm; £15,000 per...
Read More →23rd September 2024, 2 years ago
My father (89) has fallen into this tax trap. In 1975 he bought a second home on the shores of Chichester Harbour for £20,000. The house is now worth ~£450,000 so a gain of £430,000. My mother (87) has had...
Read More →1st August 2024, 2 years ago
I have five rental properties all with long-term reliable tenants. They move in paying rent at market rates, then enjoy two or three years without a rent increase. After that I write to them every January and tell them the...
Read More →Reply to comment left by Andy Pennington at 15/12/2023 - 19:28
You will still be able to evict to sell. The plan is to end evictions without a stated and valid reason to evict. Selling, landlord (or immediate family) moving in, rent arrears and anti-social conduct will all be valid reasons...
Read More →Reply to comment left by Dan Vegad at 27/11/2023 - 11:05
Reply to the comment left by Property One at 27/11/2023 - 11:05@Property One I’m not sure you understand fundamental maths. There are two gains from property letting. 1. Capital appreciation 2. Rental income And the 7% mortgage rate you imply...
Read More →21st November 2023, 2 years ago
There will come a time to buy rental properties again, but now is not the time. Property values will fall for another year or two and then stagnate for perhaps five years. It is towards the end of that period...
Read More →22nd March 2023, 3 years ago
Lewisham are flush with cash after record revenue from Low Traffic Neighbourhood fines and school street fines. I wonder if they will put this windfall into buying the four flats I have in Lewisham?
Read More →Showing 20 of 34 comments