Whitby Host, Author at Property118

Whitby Host

That’s interesting. In essence, Section 21 caused the current housing crisis by allowing one generation to buy all of the houses that the next generation would have wanted to buy.

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Reply to the comment left by Paul Essex at 23/10/2023 - 13:07Mediation is advised when agreeing a financial settlement following divorce. I tried it. The mediator spend 5 minutes with me, 40 minutes with my ex and advised to go...

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It probably doesn’t happen very often. It shouldn’t happen at all. At present, the landlord wishing to sell up isn’t a ground for a Section 8. Some people believe it shouldn’t be (a reason for eviction) unless prior notice was...

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The important thing is that landlords need to know that they WILL get their property back at the end of the notice period. I think if a good tenant is asked to leave, there should be some compensation to help...

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The (Renters (Reform)) Bill is more anti-tenant than anti-landlord. Good landlords and good tenants have little to be concerned about. Good tenants should be protected from unfair landlords seeking to evict for no reason. The Bill plans to introduce a...

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Improve the Courts first and scrap Section 21 only when it has been proven that the Courts are fit for purpose.

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Homelessness is not caused by Section 21. Every home released back to market houses another family whether they own or rent. (Minor exception bring when the property is subsequently used as a holiday let). What causes homelessness if the government’s...

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Let me think. B&R are estate agents and lettings agents. Possible vested interest in talking nonsense.

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It is only profit that counts. If net yield doesn’t include mortgage costs then it’s NOT net yield. Landlords can earn more if they sold up and bought government bonds. At a time when there is an increased risk of...

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Many landlords can weather an ‘interest rate storm’ for a while, at least. Some may dip into savings and in extreme cases, some may take lump sums from their pensions (most landlords are at least 55 years old (according to...

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What it’s like dealing with Dan Neidle

13th October 2023, 2 years ago

I Googled the Alexander case and only found something from years ago. Did West Brom BS introduce a ‘floor’ to their trackers? I vaguely remember something along those lines. I was with Nat West and my tracker had no floor...

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Advance rent payments?

13th October 2023, 2 years ago

If you use cash accounting, you declare it when it’s received. Some agents will hold the money and transfer it to you monthly. I’d never accept 12 months rent upfront.

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The whole point of renting is that tenants don’t have to worry about mortgage interest rates. Profits made during the ‘good years’ should be used to soften the impact when things change rather than blowing it all on fast cars...

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Maybe tenants should give up the junk food and calorie-laden lattés and learn to live like adults. Scrapping Section 21 will still leave Section 8 available with its selection of ‘no fault’ options.

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Meanwhile, I let 12 bedrooms over 4 x houses for a total rent of £1,820 per month. Rents are far too high in the gullible South.

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Reply to the comment left by Ian Narbeth at 12/10/2023 - 11:21We have plenty of landlords, too many wannabe tenants and far too many millionaire politicians that are not worthy of holding public office. Private tenants pay premium rents yet...

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Houses are expensive to build. Starting from £130k or so for a small, pretty standard 2 bed property. To meet Starmer’s target, demand for trades and materials will be high causing prices to rise further. Unless the land is free,...

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It might be 1 in 4 at the moment. As more fixed rate mortgages end and the full horror of the house price crash start to unfold, there’ll be many more (whether by choice or repossession by the lenders). Labour’s...

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NRLA urges Government to end LHA freeze

12th October 2023, 2 years ago

The country is broke and already spends around £30 billion per year on Housing Benefit. That is not sustainable. With around 2.7 million claimants that’s an average cost of over £10,000 per year per claimant. Too many people are claiming....

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The law of unintended consequences will strike again. Starmer’s masterplan, dreamt up with Diane Abbott no doubt, will trash the U.K. economy (like it needs Labour’s help). House prices significantly impact GDP. Rising prices create the ‘wealth effect’ and consumer...

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Whitby Host

Whitby Host


Registered with Property118.com

8th August 2023

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