Lee Bailey

Registered with Property118.com
Monday 1st February 2016

Trading Status
Sole Owner

Providing essential rental accommodation since
2004

Insures properties through a broker recommended by Property118
Yes

Rating of Broker (1 - 5 where 5 is the highest)
5


Latest Comments

Total Number of Property118 Comments: 8

Lee Bailey

14:18 PM, 21st March 2020
About 4 months ago

Bank Base Rate cut to 0.1%

Reply to the comment left by Lee Bailey at 19/03/2020 - 17:15
Apologies Everyone... I was misinformed.... Read More

Lee Bailey

13:40 PM, 21st March 2020
About 4 months ago

Bank Base Rate cut to 0.1%

Reply to the comment left by Paul Simmons at 20/03/2020 - 11:41
Thanks Paul, yes you are very correct. I was misinformed.... Read More

Lee Bailey

17:15 PM, 19th March 2020
About 4 months ago

Bank Base Rate cut to 0.1%

Reply to the comment left by Andy Bell at 19/03/2020 - 15:42
All my products are on SVR... Bank of Ireland are not passing the cuts on for SVR customers. So despite the government trying to assist in this crisis, these lenders don't care.... Read More

Lee Bailey

10:19 AM, 11th March 2020
About 4 months ago

Bank Base Rate Slashed To 0.25%

TMB didn't pass on the last 2 rate cuts on two of my SVR mortgage products. I don't expect they will pass this cut on either. However I bet they pass on any increases when BOE normalises afterwards. This means I would be unable to assist tenants facing issues, which is counter to why the cut occurred.

Remortgaging is the obvious solution but due to other circumstances may not be possible at this time.... Read More

Lee Bailey

10:25 AM, 26th November 2019
About 7 months ago

£100,000 for a bad property MOT!

Well I'll have to increase rents quite dramatically to counter section 24 plus the threatened limit on rent increases. There are better property markets in the world and better investments. I'll be selling my entire portfolio if labour win and I'll be selling half if Tories win.... Read More